No car owner likes buying auto insurance, especially when they could get a better deal.
Unimaginable but true, over 70% of drivers kept their policy with the same company for over three years, and 38% of customers have never even compared quotes to find cheaper rates. Colorado consumers could save almost 35% every year just by getting comparison quotes, but most undervalue the amount of money they would save if they replace their high priced policy.
Since you have so many choices of insurance companies that have affordable insurance for a Toyota Echo in Denver, it’s difficult to pick the most affordable company.
How to buy Denver Toyota Echo insurance online
When comparison shopping, there are several ways to compare rate quotes from many different Colorado insurance companies. The simplest method to do a complete rate comparison is to use the internet to compare rates.
Doing price comparisons online is so simple that it makes it obsolete to make phone calls or go to and from local Denver insurance agencies. The ability to quote Toyota Echo insurance online makes this process obsolete unless you prefer the professional guidance that only a licensed agent can provide. Some companies do allow you to get prices online but still have the advice of a local agent. Keep in mind that obtaining a wide range of quotes will enable you to find more affordable insurance. Not every company does online rate quotes, so you need to compare quotes from those companies as well.
The following companies offer price comparisons in Colorado. If multiple companies are listed, we recommend you click on several of them in order to find the lowest rates.
Three reasons to not skimp on auto insurance
Despite the high cost of buying insurance for a Toyota Echo in Denver, paying for auto insurance may be mandatory for several reasons.
- The majority of states have minimum liability requirements which means the state requires a minimum amount of liability coverage in order to license the vehicle. 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.
- If you took out a loan on your vehicle, almost every bank will require you to have insurance to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Toyota at a much higher premium rate and force you to pay for the expensive policy.
- Insurance safeguards your car and your assets. It will also pay for many types of medical costs for yourself as well as anyone injured by you. Liability insurance will also pay attorney fees in the event you are sued. If you have damage to your Toyota as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance are without a doubt worth the cost, especially for larger claims. The average driver in Colorado overpays as much as $810 a year so we recommend shopping around every year to make sure the price is not too high.
Will you really save $486 on insurance?
Respected companies like State Farm, Allstate and GEICO constantly bombard you with ads on TV and radio. All the ads seem to make the promise of big savings just by moving your policy. How can each company charge you a lower premium?
Most companies have specific criteria for the type of customer that will not have excessive claims. A good example of a preferred risk might have to be between the ages of 30 and 50, has never had a claim, and drives newer vehicles. Someone who fits those characteristics may get the lowest premium rates in Denver and is almost guaranteed to save quite a bit of money when switching.
Consumers who are not a match for these stringent criteria may be required to pay higher prices which translates to the customer not buying. The ads say “people that switch” not “everyone who quotes” save that much money. This is how companies can make claims like that.
This really drives home the point why you absolutely need to do a rate comparison at every renewal. It’s just too difficult to predict the company that will have the lowest Toyota Echo insurance in Denver.
Discount Denver auto insurance rates
Companies that sell car insurance don’t always publicize the entire discount list very well, so the below list has a few of the more well known as well as some of the hidden discounts that may be available.
- Discounts for New Vehicles – Buying insurance on a new vehicle can cost up to 25% less because newer vehicles have to meet stringent safety requirements.
- Anti-theft Discount – Cars optioned with advanced anti-theft systems are less likely to be stolen and qualify for as much as a 10% discount.
- Auto/Home Discount – If you can bundle your home and auto insurance with one insurance company you will save up to 20% and get you the cheapest Toyota Echo insurance in Denver.
- Pay Upfront and Save – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
- Low Miles Discount – Low annual miles could qualify for discounted auto insurance rates on garaged vehicles.
- Multi-line Discount – If the company offers life insurance, you could get a small discount if you purchase life insurance from them.
Just know that most of the big mark downs will not be given to all coverage premiums. A few only apply to specific coverage prices like comprehensive or collision. So even though you would think adding up those discounts means a free policy, you won’t be that lucky.
Large auto insurance companies and some of their more popular discounts are detailed below.
- GEICO offers premium reductions for daytime running lights, defensive driver, multi-vehicle, anti-lock brakes, good student, anti-theft, and military active duty.
- USAA may offer discounts for new vehicle, annual mileage, family discount, vehicle storage, and driver training.
- Progressive offers discounts including homeowner, online signing, multi-vehicle, multi-policy, good student, continuous coverage, and online quote discount.
- American Family policyholders can earn discounts including bundled insurance, early bird, good driver, accident-free, and Steer into Savings.
- Esurance has discounts for paid-in-full, renters, good driver, multi-policy, and defensive driver.
- Farmers Insurance may have discounts that include multi-car, business and professional, switch companies, homeowner, and good student.
- State Farm discounts include multiple autos, good student, Steer Clear safe driver discount, anti-theft, defensive driving training, multiple policy, and driver’s education.
Double check with all the companies how many discounts you can get. Some discounts might not be offered on policies everywhere. If you would like to view auto insurance companies who offer cheap Toyota Echo insurance quotes in Colorado, click this link.
Compare rate quotes but buy from a local neighborhood Denver car insurance agent
A small number of people prefer to go talk to an agent and that can be a smart move One of the great benefits of comparing insurance prices online is the fact that you can find cheap rate quotes and still have a local agent. And providing support for neighborhood agents is important especially in Denver.
Once you complete this short form, the quote information is transmitted to participating agents in Denver who will return price quotes for your coverage. There is no reason to do any legwork since rate quotes are delivered to your email. You can find lower rates and a licensed agent to talk to. If you have a need to get a price quote from a particular provider, you can always search and find their rate quote page and give them your coverage information.
Finding a good insurance company needs to be determined by more than just a low price. These questions are important to ask:
- Do they carry Errors and Omissions coverage?
- If you raise deductibles, how much can you save?
- Is assistance available after office hours?
- Do they write coverage based solely on cost?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Do they have designations such as AIC, CPCU, or CIC?
After receiving good responses to these questions as well as an affordable premium quote, it’s possible that you found a company that meets the criteria to insure your vehicles.
Knowing the specifics of your insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages found on most insurance policies.
Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims like a tree branch falling on your vehicle, vandalism, hitting a deer and damage from a tornado or hurricane. The most your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Coverage for medical expenses
Medical payments and Personal Injury Protection insurance reimburse you for bills such as pain medications, surgery and dental work. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible
Coverage for collisions
Collision coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for things like sideswiping another vehicle, damaging your car on a curb and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible on your Echo to bring the cost down.
Coverage for uninsured or underinsured drivers
Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Toyota Echo.
Due to the fact that many Colorado drivers only purchase the least amount of liability that is required (25/50/15), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Coverage for liability
Liability insurance can cover damage or injury you incur to people or other property by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/15 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $15,000 of coverage for damaged property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability can pay for things like medical expenses, emergency aid and loss of income. How much coverage you buy is up to you, but consider buying higher limits if possible. Colorado requires drivers to carry at least 25/50/15 but drivers should carry better liability coverage.
Shop smart and save
Some insurance providers may not have online price quotes and most of the time these smaller providers prefer to sell through independent agents. Low-cost Toyota Echo insurance in Denver is attainable from both online companies in addition to many Denver insurance agents, so you should compare both to have the best chance of lowering rates.
As you go through the steps to switch your coverage, do not reduce coverage to reduce premium. There have been many cases where an accident victim reduced full coverage to discover at claim time that their decision to reduce coverage ended up costing them more. Your objective should be to purchase plenty of coverage for the lowest cost, but do not sacrifice coverage to save money.
- Vehicle Safety Ratings (iihs.org)
- Who Has Cheap Auto Insurance Quotes for a Nissan Rogue in Denver? (FAQ)
- What Insurance is Cheapest for a Honda CR-V in Denver? (FAQ)
- Who Has Affordable Denver Auto Insurance for a Honda Civic? (FAQ)
- Tools for Teen Driving Safety (State Farm)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)