Having to pay for pricey insurance in Denver can deplete your personal savings and possibly require you to analyze your spending habits. Comparing cost estimates is recommended to lower your bills every month.
Amazingly, over 70% of drivers renewed their policy with the same company for at least four years, and nearly the majority have never shopped around. The average driver in Denver could save an average of 35% each year just by comparing rates, but they don’t know how much money they would save if they swap their current policy for a cheaper one.
Due to the abundance of insurance providers from which to choose, it is hard for the average consumer to locate the most affordable insurance company.
Cheap car insurance in Denver, CO
The following companies can provide price quotes in Colorado. If multiple providers are shown, it’s highly recommended you visit two to three different companies in order to find the most affordable rates.
Components of Your Chevy Spark Insurance Costs
Lots of factors are taken into consideration when you quote your car insurance policy. A few of the factors are predictable such as your driving record, but other criteria are less apparent like your continuous coverage or how financially stable you are. Part of the insurance buying process is learning some of the factors that help determine the level of your policy premiums. If you know what positively or negatively impacts your premiums, this allows you to make good choices that may result in lower premium levels.
The items below are some of the major factors used by insurance companies to determine your prices.
Multiple policies with one company can save – Lots of insurance companies apply better rates for people who have multiple policies with them such as combining an auto and homeowners policy. The discount can add up to anywhere from five to ten percent in most cases. Even if you’re getting this discount it’s still a good idea to compare other company rates to help guarantee you have the best rates.
Credit rating impact insurance costs – Having a bad credit rating is a big factor in determining premium rates. Therefore, if your credit rating leaves room for improvement, you could save money insuring your Chevrolet Spark by improving your rating. People that have excellent credit tend to be more responsible and file fewer claims than those with lower ratings.
Being married can lower premiums – Your spouse may save some money on your insurance bill. Having a spouse generally demonstrates drivers are more mature than a single person and it’s statistically proven that married couples file fewer claims.
Cars with good safety ratings mean better premiums – Safer cars tend to have better insurance rates. The safest vehicles result in less severe injuries and lower rates of occupant injuries means lower claim amounts which can mean better rates for you.
Do you have enough liability insurance? – The liability section of your policy kicks in if you are determined to be liable for damages from an accident. Liability insurance provides legal defense coverage which can cost thousands of dollars. Liability insurance is quite affordable when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
Only buy incidental coverages you need – Policies have add-on coverages that you can buy on your Spark policy. Things like roadside assistance, high-cost glass coverage, and extra life insurance coverage may be costing you every month. They may seem like a good idea initially, but if you have no use for them think about removing them and cutting costs.
Insurance discounts help lower rates for Chevy Spark insurance in Denver
Not many people think insurance is cheap, but you might already qualify for some discounts that can help lower your rates. Some discounts will apply when you get a quote, but a few must be requested specifically before being credited. If you’re not getting every credit you qualify for, you are throwing money away.
- Smart Student Discounts – Being a good student can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up until you turn 25.
- Discount for Multiple Policies – If you combine your home and auto policies with the same company you could get a discount of at least 10 to 15 percent or more.
- Discounts for New Vehicles – Putting insurance coverage on a new Spark can cost up to 25% less since newer models are generally safer.
- Sign Online – A few larger companies give back up to $50 for buying a policy and signing up on the web.
- Multi-Vehicle Discounts – Purchasing coverage when you have more than one vehicle on one policy can get a discount on all vehicles.
- Defensive Driving Course – Successfully completing a course in defensive driving can save you 5% or more and easily pay for the cost of the class.
- Mature Driver Discount – If you’re over the age of 55, you are able to get a small discount on rates.
Drivers should understand that most discount credits are not given to all coverage premiums. Some only apply to individual premiums such as liability and collision coverage. Even though it appears you could get a free insurance policy, nobody gets a free ride.
To choose companies who offer discounts in Denver, click here to view.
Compare rate quotes but still have a local Denver insurance agent
Many drivers would rather have an agent’s advice and often times that is recommended One of the best bonuses of getting online price quotes is that you can obtain the lowest rates and also buy local.
To help locate an agent, after submitting this form (opens in new window), your insurance data is sent to local insurance agents who want to provide quotes for your business. You won’t need to contact an agency since price quotes are sent directly to your email. You can find the lowest rates without a big time investment. If you have a need to get a comparison quote from a specific company, you would need to visit that company’s website and fill out the quote form the provide.
Finding the right insurance company should include more criteria than just the bottom line cost. These are valid questions to ask:
- Will you get a loaner vehicle if you car is being repaired?
- Do the agents have professional certifications like CPCU or CIC?
- How long have they worked with personal auto insurance coverage?
- What company do they have the most business with?
- Are they actively involved in the community?
- Can they help ensure a fair claim settlement?
- Can you contact them at any time?
If you are wanting to purchase auto insurance from a reliable agent, you should know the different types of agencies and how they differ in how they quote coverages. Agents may be either independent or exclusive depending on the company they work for.
Exclusive Insurance Agents
Agents that elect to be exclusive work for only one company like Farmers Insurance, State Farm, Allstate, and AAA. They are unable to provide other company’s prices so you might not find the best rates. Exclusive agents are well trained on what they offer and that can be a competitive advantage.
Below are exclusive agencies in Denver who can help you get rate quotes.
Independent Agencies or Brokers
Independent insurance agents do not write with just one company and that is an advantage because they can write policies with many different companies enabling the ability to shop coverage around. If they find a cheaper price, your agent can switch companies and you stay with the same agent.
When comparing auto insurance rates, you will want to include a couple of independent agencies to have the best price comparison.
Below are independent insurance agencies in Denver willing to provide price quotes.
Gonzalez Insurance Agency
6450 E Colfax Ave – Denver, CO 80220 – (303) 320-4901 – View Map
Once you have received satisfactory answers to your questions as well as offering an affordable quote, you may have just found an auto insurance agent that is reputable and can adequately provide auto insurance. It’s important to know that you have the power to terminate coverage whenever you want so never feel you are locked into your new company indefinitely.
Can you really save $410 a year?
Progressive, GEICO, Allstate and State Farm continually stream television, radio, and online ads. All the ads make the same claim that people will save just by switching to them. How do they all charge less that you’re paying now? You have to listen carefully.
Insurance companies have specific guidelines for a prospective insured that earns them a profit. A good example of a preferred risk might be over the age of 50, insures multiple vehicles, and drives a safe vehicle. A propective insured who matches that profile will probably get cheap premium rates and will probably save money with a new company.
People who do not match this ideal profile must pay higher premiums and ends up with the customer buying from a different company. The ads say “customers who switch” not “everyone who quotes” can get the lowest rates when switching. That is how insurance companies can make those statements. This really drives home the point why it is so important to do a price quote comparison at every renewal. It’s just too difficult to predict which company will have the best prices at this point in time.
Be persistent to save money
We just covered some good ideas how to shop for Chevy Spark insurance online. The key concept to understand is the more companies you get prices for, the better your comparison will be. Drivers may even discover the best premium rates are with a small local company. Some small companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate, GEICO and Progressive.
When trying to cut insurance costs, never sacrifice coverage to reduce premiums. In many instances, an insured cut liability coverage limits only to find out that it was a big mistake. Your focus should be to purchase a proper amount of coverage at a price you can afford while still protecting your assets.
To learn more, feel free to visit the articles below:
- Auto Insurance Learning Center (State Farm)
- Who Has Cheap Auto Insurance Quotes for a Nissan Rogue in Denver? (FAQ)
- How Much are Auto Insurance Quotes for a Learners Permit in Denver? (FAQ)
- Who Has Affordable Denver Auto Insurance Quotes for a Toyota Camry? (FAQ)
- What Insurance is Cheapest for Seniors in Denver? (FAQ)
- Who Has the Cheapest Denver Car Insurance for Young Drivers? (FAQ)
- Who Has Cheap Car Insurance Quotes for Handicapped Drivers in Denver? (FAQ)
- Auto Crash Statistics (Insurance Information Institute)
- Think You’re a Safe Driver? (State Farm)
- Liability Insurance Coverage (Nationwide)
- How Much Auto Coverage do I Need? (Insurance Information Institute)