Searching for more competitive Scion xB insurance in Denver? Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Trust us when we tell you you are not the only one feeling buyer’s remorse.
Astonishing but true, the vast majority of insurance customers in Colorado have stayed with the same insurance company for at least four years, and approximately 40% of consumers have never compared rates with other companies. U.S. drivers can save hundreds of dollars each year just by comparing rates, but they just don’t understand how much money they would save if they replace their high priced policy.
Due to the increasing number of options for buying affordable insurance for a Scion xB in Denver, it can be impossible to locate the most affordable company.
It’s a good habit to get comparison quotes as often as possible because insurance rates tend to go up over time. If you had the lowest rate on Scion xB insurance in Denver a couple years back you can probably find a better price now. Forget all the misinformation about insurance because you’re about to learn one of the quickest ways to get good coverage on Scion xB insurance in Denver at a lower rate.
When price shopping your coverage, making a lot of price comparisons provides better odds of finding the best offered rates. Not every company does rate quotes online, so it’s important to compare rates on coverage from those companies, too.
The companies shown below provide price quotes in Colorado. If the list has multiple companies, we recommend you visit as many as you can in order to get a fair rate comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XB 2WD | $310 | $376 | $460 | $28 | $138 | $1,312 | $109 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rates do not factor in vehicle location which can revise coverage rates greatly.
Comparison of full coverage and liability-only policies
The illustration below illustrates the comparison of Scion xB insurance rates with full physical damage coverage compared to only buying liability only. The costs are based on no driving violations, no at-fault accidents, $1,000 deductibles, single female driver, and no policy discounts are applied.
Guidelines for eliminating full coverage
There is no definitive guideline of when to phase out comp and collision coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s say your Scion xB claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $6,000 after the deductible is paid. If premium cost is more than $600 a year to have full coverage, the it may be a good time to stop paying for full coverage.
There are a few cases where dropping physical damage coverage is not a good plan. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.
Impact of age and gender on car insurance rates
The information below visualizes the comparison of Scion xB auto insurance rates for male and female drivers. The rates are based on no driving violations, no at-fault accidents, full coverage, $500 deductibles, single marital status, and no discounts are factored in.
Check for these discounts
The cost of insuring your cars can be expensive, but there could be available discounts to help bring down the price. Some trigger automatically when you quote, but lesser-known reductions have to be asked about before you get the savings. If they aren’t giving you every credit you deserve, you are paying more than you should be.
- Homeowners Savings – Owning a home in Denver may earn you a small savings since owning and maintaining a home is proof of financial responsibility.
- Smart Student Discounts – This discount could provide a savings of up to 20% or more. The discount lasts up until you turn 25.
- Defensive Driver Discounts – Participating in a defensive driver course is a good idea and can lower rates and easily recoup the cost of the course.
- Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn better insurance rates if you take out a life policy as well.
- Payment Method – If you pay your bill all at once instead of making monthly payments you can avoid monthly service charges.
- Employee of Federal Government – Simply working for the federal government may qualify for a discount when you quote Denver car insurance with select insurance companies.
- Low Mileage Discounts – Fewer annual miles on your Scion could earn discounted prices on garaged vehicles.
A little note about advertised discounts, most credits do not apply to your bottom line cost. Some only reduce specific coverage prices like comprehensive or collision. Despite the fact that it seems like adding up those discounts means a free policy, it’s just not the way it works.
If you would like to choose from a list of insurance companies with the best Scion xB insurance discounts in Denver in Denver, click this link.
How You Can Control Scion xB Insurance Prices
When buying insurance it’s important to understand the factors that are used to determine your premiums. If you have a feel for what positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to better insurance rates.
Listed below are most of the major factors used by companies to determine your rates.
Alarm systems save money – Purchasing a vehicle with an alarm system can help lower your premiums. Systems that thwart thieves such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder auto theft and help lower rates.
Vehicles with better crash test results means cheaper insurance – Vehicles with good safety scores get lower rates. Vehicles built for safety reduce the chance of injuries and reduced instances of injuries means your insurance company pays less and thus lower rates.
Eliminate unneeded add-on coverages – There are quite a few extra add-on coverages that can waste your money if you aren’t diligent. Coverages like rental car reimbursement, towing coverage, and extra equipment coverage may be wasting your money. They may seem like a good idea when deciding what coverages you need, but your money might be better spent on other coverage so eliminate them to save money.
High premiums for youthful drivers – More mature drivers are more cautious drivers, cause fewer claims and accidents, and are safer drivers.Teen drivers are statistically shown to be inattentive behind the wheel therefore insurance rates are much higher.
Bad driving leads to higher prices – Your driving citation history impacts your car insurance rates tremendously. Drivers who don’t get tickets pay lower auto insurance prices as compared to careless drivers. Even one citation can boost insurance rates to the point where it’s not affordable. Drivers unfortunate enough to have careless tickets such as DUI or willful reckless driving may find they need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.
Scion xB claim data – Insurance companies factor in insurance loss information to help determine the rate you pay. Models that the statistics show to have a higher amount or frequency of claims will cost more to insure. The next table shows the insurance loss data used by companies for Scion xB vehicles.
For each coverage category, the loss probability for all vehicles combined as an average is considered to be 100. Numbers below 100 imply a favorable loss record, while values that are 100 or greater indicate frequent claims or an increased probability of a larger loss.
Car Insurance Loss Data for Scion xB Models
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Scion xB | 86 | 92 | 89 | 148 | 127 | 116 |
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Insurance agencies near you
Certain consumers prefer to get advice from a local agent and that is a personal choice. A nice benefit of comparing insurance online is you may find cheap insurance quotes and still have a local agent.
Once you complete this short form, the quote information is instantly submitted to local insurance agents in Denver who will give competitive quotes for your coverage. There is no reason to find an agent because prices are sent to you instantly. You can find better rates without having to waste a lot of time. If for some reason you want to compare prices from one company in particular, don’t hesitate to visit that company’s website to submit a rate quote request.
Picking an insurance company requires more thought than just a low price. Here are some questions you should ask.
- Do they assist clients in filing claims?
- If you are a high risk driver, do they have special markets for your coverage?
- If your car is in the repair shop, do you have coverage for a rental car?
- Will they take your side in the event of a claim?
- Does the agency support the community they serve?
- How would your car be valued if totalled?
- Are aftermarket or OEM parts used to repair vehicles?
- Is insurance their full-time profession?
When to get professional advice
When quoting and comparing coverage online or from an agent for your vehicles, there really is not a “best” method to buy coverage. Your needs are unique to you and your policy should reflect that.
For instance, these questions may help you determine if you may require specific advice.
- Is my custom stereo system covered?
- If I drive on a suspended license am I covered?
- Can my babysitter drive my car?
- I have health insurance so do I need medical payments coverage?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Am I covered if I hit someone who is not insured?
- How much cheaper are high deductibles?
- Can I drive in Mexico and have coverage?
- What is roadside assistance coverage?
- What is the premium to book value ratio for dropping full coverage?
If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Insurance ads are enticing
Insurance companies such as State Farm and Allstate consistently run television and radio advertisements. All the ads convey the message of big savings after switching your policy. It sounds good, but how can they all give you a better price on Scion xB insurance in Denver? This is the way they can do it.
Insurance companies require specific criteria for the type of customer that earns them a profit. For instance, a desirable risk might be described as a female over age 40, carries high limits, and does not commute to work. Anyone that hits that “sweet spot” receives the best rates in Denver and therefore will cut their rates substantially.
Insureds who don’t measure up to these standards will be quoted a higher rate which leads to business going elsewhere. If you listen to the ad wording, they say “drivers who switch” not “everyone that quotes” save that much. That’s why companies can truthfully advertise the way they do. Because of this risk profiling, it’s extremely important to get price quotes at each policy renewal. Because you cannot predict which company will have the lowest Scion xB insurance in Denver.
In Summary
As you prepare to switch companies, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are too many instances where someone dropped full coverage only to regret that their decision to reduce coverage ended up costing them more. Your focus should be to buy a smart amount of coverage at the best possible price, but do not skimp to save money.
Low-cost Scion xB insurance in Denver can be bought online and also from your neighborhood Denver agents, so get free Denver car insurance quotes from both of them in order to have the best chance of saving money. Some companies may not provide rate quotes online and most of the time these regional carriers sell through independent agents.
You just read a lot of techniques to get a better price on Scion xB insurance in Denver. The key concept to understand is the more rate comparisons you have, the better likelihood of getting inexpensive Denver car insurance quotes. Consumers could even find that the lowest rates come from the least-expected company. Regional companies may cover specific market segments cheaper as compared to the big name companies such as Progressive or GEICO.
Additional learning opportunities
- Vehicle Insurance in the U.S. (Wikipedia)
- Who Has the Cheapest Denver Auto Insurance for Drivers Over Age 70? (FAQ)
- Rental Car Insurance Tips (Insurance Information Institute)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)