How many times have you told yourself to find cheaper insurance rates in Denver, CO? Denver drivers have a choice when trying to find low-cost Land Rover LR2 insurance. They can either waste time calling around to get rate comparisons or use the internet to compare rates.
There are more efficient ways to find insurance online and you need to know the proper way to get price quotes on a Land Rover and find the best price possible from both online companies and Denver agents.
Most larger insurance companies like Progressive, GEICO, Allstate and State Farm allow you to get coverage price quotes directly from their websites. Getting online rates for Land Rover LR2 insurance in Denver is pretty painless as you just type in your personal and coverage information into a form. When complete, their rating system will order your driving and credit reports and returns a price.
This simplifies rate comparisons, and it is important to have as many quotes as possible in order to get a lower rate.
To save time and find out how much you’re overpaying now, consider comparing rates from the companies shown below. If you have a policy now, it’s recommended that you enter your coverages identical to your current policy. This helps ensure you will get a price comparison for exact coverage.
The following companies have been selected to offer price quotes in Colorado. If several companies are displayed, it’s a good idea that you visit as many as you can to find the most affordable car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|LR2 HSE Luxury||$214||$360||$330||$20||$98||$1,022||$85|
|Get Your Own Custom Quote Go|
Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in Denver location which can lower or raise prices considerably.
Do you need full coverage?
The illustration below illustrates the comparison of Land Rover LR2 premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes a clean driving record, no claims, $100 deductibles, married female driver, and no discounts are taken into consideration.
Guidelines for eliminating full coverage
There is no clear-cut rule for phasing out comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your Land Rover LR2 replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after paying the physical damage deductible. If you are paying more than $700 annually for your policy with full coverage, then you might consider buying liability only.
There are some conditions where eliminating full coverage is not in your best interest. If you still owe a portion of the original loan, you have to keep full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.
Land Rover LR2 annual premiums for males versus females
The illustration below visualizes the comparison of Land Rover LR2 insurance premiums for male and female drivers. The information is based on no claims or driving citations, full physical damage coverage, $500 deductibles, marital status is single, and no discounts are applied.
Drive safe and save
The chart below shows how traffic citations and at-fault fender-benders can drive up Land Rover LR2 yearly insurance costs for different age groups of insureds. The price estimates are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.
Why you need Land Rover LR2 insurance in Colorado
Even though Denver LR2 insurance rates can get expensive, buying auto insurance is mandatory in Colorado but it also protects more than you think.
First, almost all states have minimum mandated liability insurance limits which means you are required to buy a specific level of liability in order to drive the car. 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 bought your Land Rover LR2 with a loan, almost every bank will have a requirement that you have comprehensive coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Land Rover at a much higher rate and force you to reimburse them a much higher amount than you were paying before.
Third, auto insurance preserves both your assets and your car. It will also provide coverage for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay for a defense attorney if you are sued as the result of an accident. If damage is caused by hail or an accident, your auto insurance policy will cover the repair costs.
The benefits of buying enough insurance more than cancel out the cost, particularly for liability claims. On average, a vehicle owner in Denver overpays as much as $869 every year so you should quote rates once a year at a minimum to be sure current rates are still competitive.
Take these eight policy discounts and save on Land Rover LR2 insurance in Denver
Companies offering auto insurance don’t always publicize all discounts in an easy-to-find place, so we took the time to find both the well known and the more hidden credits available to you.
- Low Mileage Discounts – Fewer annual miles on your Land Rover may enable drivers to earn better prices on cars that stay parked.
- Good Students Pay Less – Getting good grades can save 20 to 25%. The good student discount can last until age 25.
- Accident Forgiveness – Not a discount per se, but companies like Progressive, State Farm and GEICO will allow you to have one accident before they charge you more for coverage as long as you don’t have any claims for a particular time prior to the accident.
- Homeowners Savings – Just being a homeowner may trigger a policy discount on insurance due to the fact that maintaining a home requires a higher level of personal finance.
- Lower Rates for Military – Having a deployed family member may lower your prices slightly.
- Good Driver Discount – Drivers who avoid accidents could pay up to 40% less than drivers with accidents.
- Senior Discount – Drivers over the age of 55 may be able to get better insurance rates.
- Online Discount – Certain insurance companies provide a small discount simply for signing on their website.
One last thing about discounts, many deductions do not apply to the entire policy premium. Some only apply to individual premiums such as comp or med pay. Just because it seems like you would end up receiving a 100% discount, it doesn’t quite work that way.
For a list of insurance companies who offer free Land Rover LR2 insurance quotes in Denver, click here to view.
Do I need special coverages?
When it comes to the best auto insurance coverage, there really isn’t a cookie cutter policy. Everyone’s situation is a little different so your insurance should reflect that
For instance, these questions could help you determine whether your personal situation might need professional guidance.
- Do I need PIP (personal injury protection) coverage in Colorado?
- What is an umbrella policy?
- Are rental cars covered under my policy?
- Can I afford low physical damage deductibles?
- What if an uninsured driver hits me?
- Do I need rental car coverage?
- Am I better off with higher deductibles on my Land Rover LR2?
If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.
Local agents and car insurance
A lot of people would prefer to sit down with an agent. Insurance agents are highly skilled in risk management and help in the event of a claim. The best thing about comparing rates online is that you can obtain cheap car insurance rates and still have an agent to talk to. And buying from local insurance agents is important especially in Denver.
To help locate an agent, after submitting this quick form, your insurance data is sent to participating agents in Denver who will give you bids for your insurance coverage. It makes it easy because there is no need to search for any insurance agencies as quotes are delivered to you. If you have a need to get a rate quote from one company in particular, you can always search and find their rate quote page and give them your coverage information.
Multiple types of auto insurance agents in Denver
When narrowing the list to find a local agent, you should know the different agency structures and how they function. Agents can be classified as either independent agents or exclusive agents. Either type can write policy coverage, but it’s important to point out how they are different since it can affect the kind of agent you use.
Independent Agents (or Brokers)
Agents in the independent channel are not restricted to one company so they can insure your vehicles through many different car insurance companies and find you the best rates. To move your coverage to a new company, your agent can switch companies and you don’t have to find a new agent. If you need lower rates, we recommend you get insurance quotes from at a minimum one independent agency to get the most accurate price comparison. Most independent agents also contract with mutual insurance companies that many times have cheaper rates.
Listed below is a list of independent insurance agencies in Denver that may be able to provide free car insurance rate quotes.
- Nationwide Insurance: Lloyd Pro Group Agency
1400 S Columbine St – Denver, CO 80210 – (970) 230-3020 – View Map
- Madison Insurance Group
600 S Cherry St #900 – Denver, CO 80246 – (800) 636-6185 – View Map
- American Home Insurance Agency
7505 E Harvard Ave – Denver, CO 80231 – (888) 325-8108 – View Map
Exclusive Car Insurance Agencies
These agents can only quote rates from one company and examples are State Farm, Allstate, or Farmers Insurance. These agents are unable to compare other company’s rates so it’s a take it or leave it situation. These agents receive a lot of sales training on sales techniques and that enables them to sell even at higher rates. A lot of people use the same agent primarily because of the brand rather than low price.
The following are Denver exclusive insurance agents who can help you get price quote information.
- Bao Ngoc Nguyen – State Farm Insurance Agent
1699 S Federal Blvd b – Denver, CO 80219 – (303) 975-1100 – View Map
- Tiffany Meidinger – State Farm Insurance Agent
1100 Acoma St – Denver, CO 80204 – (720) 508-8760 – View Map
- Rick Emerson Jr. – State Farm Insurance Agent
4800 Happy Canyon Rd #230 – Denver, CO 80237 – (303) 781-1133 – View Map
Choosing an insurance agent requires you to look at more than just a low price. The questions below may impact your decision as well.
- Does the company have a solid financial rating?
- Will they take your side in the event of a claim?
- Do they have a Better Business Bureau rating in Denver?
- Which company do they place the most coverage with?
- How long has their agency been in business in Denver?
- Which members of your family are coverage by the policy?
- How would your car be valued if totalled?
Specific coverages for a Land Rover LR2
Understanding the coverages of a auto insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages found on the average auto insurance policy.
Comprehensive or Other Than Collision
Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as hitting a bird, hail damage, theft and fire damage. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.
Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things such as driving through your garage door, crashing into a ditch and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible on your LR2 to get cheaper collision coverage.
Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Land Rover LR2.
Since many Colorado drivers carry very low liability coverage limits (Colorado limits are 25/50/15), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Normally these limits do not exceed the liability coverage limits.
Medical costs insurance
Medical payments and Personal Injury Protection insurance kick in for bills such as funeral costs, chiropractic care and X-ray expenses. They are used in conjunction with a health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is not universally available but can be used in place of medical payments coverage
Liability coverage protects you from damage that occurs to people or other property by causing an accident. It protects YOU from legal claims by others. Liability 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. You commonly see values of 25/50/15 which stand for 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. Some companies may use one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage pays for claims such as funeral expenses, structural damage, attorney fees and bail bonds. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible. Colorado requires drivers to carry at least 25/50/15 but it’s recommended drivers buy more coverage.
Shop around and save
You just read a lot of information how to shop for Land Rover LR2 insurance online. The most important thing to understand is the more companies you get prices for, the higher your chance of finding affordable Denver car insurance quotes. You may even be surprised to find that the biggest savings come from some of the lesser-known companies. Smaller companies may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.
Low-cost Land Rover LR2 insurance in Denver is definitely available on the web in addition to many Denver insurance agents, and you need to price shop both to have the best selection. Some auto insurance companies may not have internet price quotes and these smaller providers only sell coverage through local independent agents.
To read more, link through to the following helpful articles:
- Vehicle Size and Weight FAQ (iihs.org)
- What Insurance is Cheapest for a Honda CR-V in Denver? (FAQ)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Top Signs Your Brakes are Giving Out (State Farm)
- Distracted Driving Statistics (Insurance Information Institute)
- Information for Teen Drivers (GEICO)