Searching for the cheapest insurance for a Buick Verano in Colorado can be a painful process, but you can learn a few tricks to save time.
There are both good and bad ways to buy insurance so we’re going to tell you the quickest way to price shop coverage for a new or used Buick and obtain the lowest price either online or from Denver insurance agents.
It’s a good idea to quote other rates before your policy renews because insurance prices change quite often. Even if you think you had the lowest price on Buick Verano insurance in Denver two years ago there is a good chance you can find better rate quotes now. You’ll find a ton of advice on Verano insurance on the web, but you can learn some great ideas on how to lower your insurance premiums.
How do Car Insurance Companies Determine Buick Verano Insurance Rates?
Lots of things are used in the calculation when quoting car insurance. Some are pretty understandable such as your driving history, but other factors are more transparent such as your credit history or your commute time.
Lower rates for vehicles with better crash test results – Cars with high safety ratings can get you lower premiums. Safe vehicles reduce injuries and better occupant protection translates directly to fewer claims which can mean better rates for you. If your Buick Verano has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
Being married can lower premiums – Having a spouse can get you a discount compared to being single. Having a significant other may mean you are more financially stable and insurance companies reward insureds because married drivers tend to file fewer claims.
Discounts for auto and home policies – Most larger insurance companies provide a discount to buyers who have multiple policies with them such as combining an auto and homeowners policy. This can amount to anywhere from five to ten percent in most cases. Even with this discount applied, drivers will still want to shop around to help guarantee you have the best rates.
Rural vs Urban Areas – Residing in areas with lower population may provide you with better prices when talking about insurance. Fewer drivers on the road translates into fewer accidents in addition to fewer liability claims. Drivers who live in large Colorado cities have more aggressive driving styles and more severe claims. More time commuting means more chances of being involved in an auto accident.
Too many insurance claims will drive insurance rates up – Insurance companies in Colorado give most affordable rates to people who are not frequent claim filers. If you tend to file frequent claims, you can look forward to much higher rates or policy non-renewal. Your car insurance is intended for larger claims.
Females tend to be lower risk – Statistics demonstrate women are more cautious behind the wheel. It does not mean men are WORSE drivers than women. Females and males are in accidents at a similar rate, but males have accidents that have higher claims. Not only are claims higher, but men have more aggressive citations such as reckless driving. Male drivers age 16 to 19 have the highest risk to insure so they pay the highest premiums.
Deter vehicle theft – Driving a car that has a built-in theft deterrent system can get you a discount on your insurance. Systems that thwart thieves such as OnStar, LoJack tracking, and tamper alarms all help prevent vehicle theft.
Eliminate extra policy coverages – Insurance policies have a lot of extra bells and whistles that you can get tricked into buying on your insurance policy. Add-on coverages like personal injury protection, accidental death, and membership fees are probably not needed. They may seem like a good idea when buying your policy, but if you don’t need them remove them from your policy.
Claims statistics for a Buick Verano – Companies use claims history to calculate a rate that will offset losses. Models that have higher loss trends will have higher rates.
The table below shows the compiled insurance loss statistics for Buick Verano vehicles. For each coverage type, the claim amount for all vehicles as a whole is represented as 100. Numbers below 100 suggest a better than average loss history, while values that are above 100 point to more losses or tendency to have larger claims.
Buick Verano Insurance Claim Statistics
|Specific Buick Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
The providers in the list below are ready to provide price quotes in Denver, CO. If several companies are displayed, we recommend you visit several of them to get the most affordable price.
Protect more than your Verano
Even though it’s not necessarily cheap to insure a Buick in Denver, insuring your vehicle is mandatory in Colorado but it also protects more than you think.
First, most states have mandatory liability insurance requirements which means you are required to carry a minimum amount of liability insurance coverage in order to be legal. 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 you have a lien on your vehicle, most banks will make it a condition of the loan that you buy full coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank will be required to insure your Buick for a much higher rate and force you to pay for the much more expensive policy.
Third, insurance protects your Buick Verano and your assets. It will also cover medical expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, also covers legal expenses in the event you are sued. If your Buick gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of insuring your Verano definitely exceed the price paid, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver overpays as much as $825 a year so it’s recommended you shop around at least once a year to ensure rates are inline.
Take advantage of these discounts on Buick Verano insurance in Denver
Some insurance providers don’t necessarily list every policy discount in an easy-to-find place, so below is a list both the well known as well as the least known discounts that may be available. If you are not receiving all the discounts possible, you are paying more than you should be.
- Multiple Cars – Drivers who insure multiple cars on a single policy may reduce the rate for each vehicle.
- Buy New and Save – Buying insurance coverage on a new vehicle can save up to 30% because new model year vehicles are generally safer.
- Smart Student Discounts – This discount can save 20 to 25%. You can use this discount normally up to age 25.
- Safety Restraint Discount – Drivers who always wear seat belts and also require passengers to buckle up before driving may be able to save a few bucks on the premium charged for medical payments and/or PIP.
- Early Payment Discounts – If you can afford to pay the entire bill instead of paying each month you can avoid monthly service charges.
- Distant College Student Discount – Any of your kids who are attending college and do not have a car may qualify for this discount.
- Military Discounts – Having a deployed family member may qualify for rate reductions.
It’s important to understand that most of the big mark downs will not be given to all coverage premiums. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, nobody gets a free ride.
Large auto insurance companies and a summarized list of policyholder discounts are outlined below.
- State Farm offers premium reductions for defensive driving training, good driver, anti-theft, Steer Clear safe driver discount, and safe vehicle.
- GEICO discounts include air bags, driver training, federal employee, defensive driver, and multi-vehicle.
- Allstate may include discounts for defensive driver, anti-lock brakes, teenSMART discount, early signing, and senior citizen.
- SAFECO has savings for accident prevention training, multi-car, safe driver, anti-theft, anti-lock brakes, homeowner, and teen safety rewards.
- Farm Bureau has discounts for 55 and retired, driver training, good student, multi-policy, and renewal discount.
- Progressive includes discounts for multi-vehicle, online signing, homeowner, continuous coverage, online quote discount, multi-policy, and good student.
- AAA may offer discounts for multi-car, AAA membership discount, good driver, education and occupation, and multi-policy.
Before buying, ask all the companies to apply every possible discount. Some discounts listed above may not apply to policies in your state. To choose insurers offering auto insurance discounts in Denver, click here to view.
Should I talk to an insurance agent?
A lot of people still like to buy from a licensed agent and that can be a smart move Licensed agents can help determine the best coverages and give you someone to call. A good thing about comparing insurance prices online is you may find the lowest rates and still buy from a local agent. And buying from neighborhood insurance agencies is especially important in Denver.
Once you complete this simple form, your insurance coverage information is submitted to agents in your area that provide free Denver auto insurance quotes to get your business. You don’t have to do any legwork due to the fact that quote results will go to you directly. In the event you want to compare rates from one company in particular, you can always navigate to their website to submit a rate quote request.
Selecting an provider requires more thought than just a cheap quote. The questions below may impact your decision as well.
- Are they able to provide referrals?
- What kind of financial rating does the company have?
- How long have they been in business?
- Will the quote change when the policy is issued?
- Is there a 24/7 contact number?
- Will high miles depreciate repair valuations?
- Does the agency support the community they serve?
- Do they have any clout with companies to ensure a fair claim settlement?
Cheaper auto insurance is a realistic goal
When you buy Denver auto insurance online, do not buy less coverage just to save a little money. There have been many cases where someone dropped comprehensive coverage or liability limits and learned later that the small savings ended up costing them much more. Your goal should be to purchase a proper amount of coverage at an affordable rate, but don’t skip important coverages to save money.
Drivers change insurance companies for a number of reasons such as questionable increases in premium, policy cancellation, delays in responding to claim requests or denial of a claim. It doesn’t matter why you want to switch choosing a new company is easier than you think.
Throughout this article, we presented a lot of techniques to save on Buick Verano insurance in Denver. The most important thing to understand is the more rate quotes you have, the higher your chance of finding the cheapest Buick Verano rate quotes. Drivers may even discover the lowest premium rates are with some of the lesser-known companies.
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