Would you like an easy way to compare lower-priced Lexus GS 200t insurance in Denver? Feel like you’re a prisoner to an overpriced auto insurance policy? It’s a common feeling and there are many Denver drivers thinking the same thing.
It’s astonishing, but over 70% of consumers renewed their policy with the same company for four years or more, and practically 40% of auto insurance customers have never compared rates with other companies. With the average premium in Colorado being $1,810, drivers could save about $610 a year by just comparing rate quotes, but they don’t know the benefits if they bought a different policy. People have multiple auto insurance companies to pick from, and although it’s nice to be able to choose, having more insurers makes it harder to find a good deal for Lexus GS 200t insurance in Denver.
Consumers need to compare premium rates as often as possible since prices change regularly. Even if you think you had the best deal on Lexus GS 200t insurance in Denver six months ago the chances are good that you can find a lower rate today. There is lot of inaccurate information about GS 200t insurance online, but in just a couple of minutes you can learn some excellent ideas to save money.
The companies shown below offer free quotes in Denver, CO. If the list has multiple companies, we suggest you visit two to three different companies in order to get a fair rate comparison.
Why you need to buy car insurance
Even though it’s not necessarily cheap to insure a Lexus in Denver, buying car insurance is required in Colorado but also provides important benefits.
First, the majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability insurance if you don’t want to risk a ticket. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if your Lexus GS 200t has a loan, it’s guaranteed your bank will stipulate that you buy full coverage to ensure loan repayment if the vehicle is totalled. If you cancel or allow the policy to lapse, the bank may insure your Lexus for a lot more money and require you to reimburse them much more than you were paying before.
Third, car insurance protects both your assets and your car. It also can pay for medical expenses for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance more than offset the price you pay, especially for larger claims. An average driver in America is overpaying more than $865 each year so compare quotes from several companies once a year at a minimum to be sure current rates are still competitive.
How to Lower Your Insurance Costs
Part of the insurance buying process is learning the rating factors that are used to determine the level of your policy premiums. If you have some idea of what impacts premium levels, this enables informed choices that will entitle you to lower rates. Lots of factors are taken into consideration when you get a price on insurance. Some are obvious such as traffic violations, but some are not as apparent like your vehicle usage or your vehicle rating.
Lower prices with alarms and GPS tracking – Choosing a vehicle with a theft deterrent system can earn a premium discount. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent vehicle theft.
Credit history impacts premium prices – A driver’s credit score factor in determining what you pay. Therefore, if your credit score is lower than you’d like, you may save money insuring your Lexus GS 200t by spending a little time repairing your credit. Insureds that have good credit tend to file fewer claims and have better driving records than drivers who have poor credit.
Good drivers pay better premiums – Even a single citation can bump up the cost forty percent or more. Drivers who don’t get tickets have lower premiums as compared to careless drivers. Drivers who have serious violations like DUI or reckless driving may find that they have to to file a proof of financial responsibility form (SR-22) with their state DMV in order to legally drive a vehicle.
Gals tend to take less risk – Over time, data shows females are less aggressive when driving. Now that doesn’t mean men are worse drivers. Women and men cause accidents in similar numbers, but the men cause more damage and cost insurance companies more money. Men also statistically have more aggressive citations such as reckless driving.
You may qualify for discounts for Lexus GS 200t insurance in Denver
Car insurance is not inexpensive, but there’s a good chance there are discounts that you may not even know about. Certain credits will be shown when you complete an application, but a few need to be asked for prior to getting the savings. If you do not double check each discount possible, you are just wasting money.
- Discounts for New Vehicles – Buying coverage on a new vehicle can be considerably cheaper compared to insuring an older model.
- Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class in school or through a local driver safety program.
- One Accident Forgiven – Not necessarily a discount, but a few companies such as State Farm and Progressive will forgive one accident without raising rates as long as you don’t have any claims for a set time period.
- Good Driver Discount – Drivers who don’t get into accidents may receive a discount up to 45% as compared to drivers with claims.
- Discount for Good Grades – Getting good grades can be rewarded with saving of up to 25%. Most companies allow this discount up to age 25.
It’s important to understand that most discount credits are not given to the overall cost of the policy. The majority will only reduce specific coverage prices like comp or med pay. Just because it seems like having all the discounts means you get insurance for free, you aren’t that lucky. Any qualifying discounts will bring down your premiums.
To locate companies that offer some of these discounts in Colorado, click this link.
Insurance agents can help
When buying insurance from an agent or online, there really isn’t a one-size-fits-all type of policy. Every insured’s situation is different and your car insurance should unique, too.
Here are some questions about coverages that might help in determining if your insurance needs could use an agent’s help.
- Can I insure my car for more than it’s worth?
- What states are considered no-fault?
- Are my custom wheels covered?
- When can my company non-renew my policy?
- Do I need more liability coverage?
- Are split liability limits better than a combined single limit?
If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.
Local Denver insurance agents
A lot of people just prefer to have an agent’s advice. Professional insurance agents are trained to spot inefficiencies and give you someone to call. An additional benefit of comparing rates online is that you can obtain cheap car insurance rates but still work with a licensed agent.
For easy comparison, once you complete this short form, the coverage information gets sent to local insurance agents that can provide free Denver auto insurance quotes for your coverage. There is no need to leave your computer because prices are sent to your email. If you need to get a price quote from one company in particular, you just need to navigate to their website and give them your coverage information.
Finding a good insurance company needs to be determined by more than just a cheap price. Here are some questions you should ask.
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Do they make recommendations based only on price?
- Do they receive special compensation for putting your coverage with one company over another?
- What will you get paid if your car is a total loss? How is that amount determined?
- Can you contact them at any time?
- What discounts might you be missing?
- Do you need full coverage on every vehicle?
How to choose the best auto insurance agent in Denver
When searching for a good insurance agency, it helps to know the two types of agencies to choose from. Denver agents are classified as either exclusive or independent agents depending on their company appointments. Both properly insure your vehicles, but it’s important to know why they differ because it can impact your agent selection.
Exclusive Insurance Agencies
Agents that choose to be exclusive write business for a single company such as State Farm, Allstate and AAA. Exclusive agencies are unable to give you multiple price quotes so they have no alternatives for high prices. These agents are well trained on their products and sales techniques and that enables them to sell even at higher rates.
Below is a short list of exclusive insurance agents in Denver willing to provide price quotes.
Tammy Hill – State Farm Insurance Agent
4650 Tower Rd Unit 101 – Denver, CO 80249 – (303) 373-9500 – View Map
Agents that elect to be independent are not employed by one company and that gives them the ability to insure with a variety of different insurance companies and possibly get better coverage at lower prices. If they find a lower price, your policy is moved internally and that require little work on your part. When comparison shopping, you definitely need to include rate quotes from a few independent agents in order to compare the most rates.
Shown below is a list of independent insurance agencies in Denver who can help you get price quotes.
Persistence will pay off
In this article, we presented a lot of ways to get a better price on Lexus GS 200t insurance in Denver. The most important thing to understand is the more quotes you get, the better your chances of lowering your premium rates. Consumers could even find that the lowest car insurance rates come from a company that doesn’t do a lot of advertising. Smaller companies can often provide lower premium rates in certain areas as compared to the big name companies such as State Farm, GEICO and Nationwide.
As you prepare to switch companies, do not skimp on critical coverages to save a buck or two. There are many occasions where consumers will sacrifice liability coverage limits and learned later that the few dollars in savings costed them thousands. The ultimate goal is to purchase plenty of coverage for the lowest cost but still have enough coverage for asset protection.
Discount Lexus GS 200t insurance in Denver is available from both online companies and from local agencies, so you need to shop Denver auto insurance with both to get a complete price analysis. A few companies don’t offer rates over the internet and most of the time these regional carriers prefer to sell through independent agents.
More tips and info about insurance can be read at these sites:
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Who Has Cheap Auto Insurance Quotes for 4×4 Vehicles in Denver? (FAQ)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- What is a Telematics Device? (Allstate)
- Protecting Teens from Drunk Driving (Insurance Information Institute)