How long has it been since you shopped around for the cheapest auto insurance rates in Denver, CO? Denver drivers have options when trying to find the lowest priced Lincoln MKC insurance. They can either spend hours struggling with agents getting price quotes or leverage the internet to find the lowest rates. There is a right way and a wrong way to find auto insurance online and you need to know the best way to price shop coverage for your Lincoln and get the lowest price.
It’s astonishing, but most auto insurance buyers renewed their policy with the same company for over three years, and almost 40% of drivers have never compared rates from other carriers. The average driver in Denver could pocket as much as $605 a year just by shopping around, but most tend to underestimate the large savings they would see if they bought a different policy.
You should make it a habit to compare prices periodically because auto insurance prices go up and down regularly. Even if you think you had the best price on Lincoln MKC insurance in Denver a few years ago there may be better deals available now. Ignore everything you know about auto insurance because we’re going to show you one of the quickest ways to save on auto insurance.
Finding the cheapest insurance coverage in Denver seems hard but is not really that difficult. If you currently have insurance, you stand a good chance to be able to find the best rates using the ideas you’re about to read. Consumers only need to know the best way to compare rates online.
Low-cost companies for Lincoln MKC insurance in Colorado
The companies shown below are ready to provide comparison quotes in Colorado. If multiple companies are listed, it’s a good idea that you visit several of them in order to get a fair rate comparison.
Do you qualify for these eight discounts?
Car insurance can cost a lot, but you can get discounts that you may not even know about. Many of these discounts will be applied automatically at the time of quoting, but a few must be specifically requested before you will receive the discount. If you aren’t receiving every discount you deserve, you are just wasting money.
- One Accident Forgiven – This isn’t a discount exactly, but a handful of insurance companies will allow you to have one accident before raising your premiums if you have no claims prior to being involved in the accident.
- ABS and Traction Control Discounts – Vehicles with ABS and/or traction control can avoid accidents and therefore earn up to a 10% discount.
- Multiple Cars – Purchasing coverage when you have all your vehicles on one policy can reduce rates for all insured vehicles.
- Buy New and Save – Insuring a vehicle that is new is cheaper due to better safety requirements for new model year vehicles.
- Switch and Save Discount – Some companies reward drivers for switching policies before your current MKC insurance policy expires. The savings is around 10%.
- Pay Early and Save – If paying your policy premium upfront rather than paying in monthly installments you could save up to 5%.
- Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school.
- Federal Government Employee – Being employed by or retired from a federal job could cut as much as 10% off depending on your company.
Don’t be shocked that some credits don’t apply to all coverage premiums. Some only reduce individual premiums such as collision or personal injury protection. Just because you may think you could get a free car insurance policy, insurance companies wouldn’t stay in business. Any amount of discount will help lower your policy premium.
If you would like to view insurance companies offering car insurance discounts in Denver, click here to view.
How to know if you need help
When choosing coverage online or from an agent for your personal vehicles, there is no best way to insure your cars. Your situation is unique.
For example, these questions might point out whether you would benefit from an agent’s advice.
- Should I bundle my homeowners policy with my auto?
- Should I have combined single limit or split liability limits?
- Do I need to file an SR-22 for a DUI in Colorado?
- Are rental cars covered under my policy?
- Am I covered when driving on a suspended license?
- What is GAP insurance?
If you don’t know the answers to these questions but a few of them apply, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form. It is quick, free and can help protect your family.
Do I need an insurance agent?
Some people prefer to sit down with an agent and that is not a bad decision Licensed agents are very good at helping people manage risk and give you someone to call. A nice benefit of comparing rate quotes online is that drivers can save money and get lower rates but still work with a licensed agent.
To make it easy to find an agent, after completing this simple form, the quote information is sent to local insurance agents that can provide free Denver car insurance quotes for your business. There is no reason to find an agent because quoted prices will be sent immediately to your email address. If you want to get a price quote from one company in particular, feel free to go to their quote page and complete a quote there.
Choosing the best company is decision based upon more than just the bottom line cost. Any agent in Denver should have no problem answering these questions:
- What kind of financial rating does the company have?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Is the agency involved in supporting local community causes?
- Is there a local claims center in Denver?
- Is coverage determined by price?
- Are they giving you every discount you deserve?
Be skeptical of auto insurance ads
Consumers can’t get away from ads that promise big savings for switching from the likes of Progressive, GEICO, Allstate and State Farm. They all state the claim about saving some big amount just by moving to their company.
But how can every company lower your car insurance rates? Here is how they do it.
Most companies have a preferred profile for the right customer they prefer to insure. An example of this type of risk profile might be over age 30, has no tickets, and has excellent credit. A customer getting a price quote that fits those parameters will get low prices and is almost guaranteed to save quite a bit of money when switching.
Consumers who don’t meet the ideal profile will see higher rates which results in the customer not buying. The ad wording is “people who switch” not “all people who quote” can get the lowest rates when switching. That’s the way insurance companies can confidently make it sound like they have such great premium rates. Different companies use different criteria so you really should compare rate quotes every year. It is impossible to predict with any certainty which company will have better car insurance rates than you’re paying now.
Car insurance coverage breakdown
Learning about specific coverages of your policy helps when choosing the right coverages and proper limits and deductibles. Car insurance terms can be difficult to understand and coverage can change by endorsement.
Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and damage to your Lincoln MKC.
Since many Colorado drivers have only the minimum liability required by law (25/50/15 in Colorado), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Comprehensive protection – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as vandalism, falling objects, rock chips in glass, a broken windshield and damage from flooding. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Liability auto insurance – Liability coverage will cover damage or injury you incur to other people or property by causing an accident. This insurance protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/15 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $15,000 paid for damaged property.
Liability can pay for claims such as emergency aid, pain and suffering, medical expenses, structural damage and court costs. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford. Colorado requires drivers to carry at least 25/50/15 but you should consider buying better liability coverage.
Collision coverages – Collision coverage will pay to fix damage to your MKC resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.
Collision insurance covers claims like sideswiping another vehicle, colliding with another moving vehicle and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to increase the deductible on your MKC to bring the cost down.
Medical expense coverage – Coverage for medical payments and/or PIP pay for short-term medical expenses for pain medications, funeral costs, dental work, doctor visits and prosthetic devices. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
Smart consumers save more
We’ve covered some good ideas how to compare Lincoln MKC insurance car insurance rates in Denver. It’s most important to understand that the more you quote Denver car insurance, the higher the chance of saving money. You may even discover the biggest savings come from some of the smallest insurance companies.
When shopping online for auto insurance, you should never reduce needed coverages to save money. In many instances, drivers have reduced liability limits or collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to purchase a proper amount of coverage at the best price.
Drivers switch companies for any number of reasons including being labeled a high risk driver, extreme rates for teen drivers, delays in paying claims or lack of trust in their agent. It doesn’t matter why you want to switch finding a great new company is not as hard as you think.
Additional auto insurance information is located below:
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- What Insurance is Cheapest for Teachers in Denver? (FAQ)
- How Much is Denver Auto Insurance for Postal Workers? (FAQ)
- What Insurance is Cheapest for Low Mileage Drivers in Denver? (FAQ)
- Vehicle Insurance (Wikipedia)
- Side Impact Crash Tests (iihs.org)