As a driver in Colorado, you’re probably searching for an affordable way to insure your vehicle. This article will help you navigate Colorado car insurance quotes and how to compare them in order to find coverage tailored specifically to you.
Insurance premiums depend on several variables, such as your driving record and car details. By answering a few simple questions to obtain personalized quotes from top carriers in your area.
Rates
Rates differ among insurance providers and even within one company itself, taking into account factors like your age, driving record, vehicle you drive and location. Furthermore, having multiple policies with one insurer may reduce overall costs.
Colorado drivers have three insurance levels to choose from, including liability-only policies, full coverage and no-fault. Liability-only plans are the least costly option and only cover legal liability should an accident occur as a result of you.
However, for greater protection of your own vehicle, full coverage may be the superior option. It offers greater coverage against natural disasters, animal strikes and theft.
Colorado residents aged 35 with good credit and no driving violations typically pay around $1,860 annually or $155 monthly on full coverage car insurance policies.
Accidents or tickets for speeding, DUI and other violations can significantly raise your rates – for instance a speeding ticket can raise them 21% while a DUI conviction can bring it up by 66%.
Young drivers also pay higher car insurance premiums than more experienced ones due to the inherent high risk associated with them. Teen drivers in particular typically pay more than three times what the national average for car insurance costs due to this factor alone.
Gender and driving history can also play an impactful role in your auto insurance costs, with states such as Hawaii and Massachusetts not considering these details while California, Michigan, North Carolina and Pennsylvania do take them into consideration.
Insurance companies in Colorado use your age and gender as key indicators to assess your risk of auto accidents, which could make a big difference in your premiums, particularly if you’re male driver.
One other factor that could have an effect on your rates is which policy you purchase. While certain insurers provide more comprehensive coverage, others might provide greater value for your dollar.
Drivers can save hundreds of dollars by comparing quotes from different companies and taking advantage of bundle offers from bundlers. This is especially helpful if they also carry other policies with the same provider such as homeowner or renters insurance policies. Reevaluate coverage at least annually or anytime they change jobs or vehicles to optimize savings.
Coverage
Colorado residents can choose from various forms of auto insurance coverage to suit their unique needs. Every car policy offers different levels of protection that can be customized according to each driver.
Liability insurance covers physical harm to others and damage to property if you cause a car accident, and also helps cover legal defense if someone sues for the collision you caused.
Additional coverage options, such as comprehensive and collision, can help protect your car against weather-related events or theft. While additional policies can add extra costs, they also offer peace of mind.
Uninsured/underinsured motorist coverage is an essential addition to any car insurance policy in Colorado, as it covers medical bills and property damage from drivers without enough liability coverage. Although not a requirement, having such additional protection could save both yourself and your assets in case you’re involved in an accident with such drivers.
Accident forgiveness coverage can also be added to your auto policy, providing relief in the form of reduced liability costs should an accident be caused by you and which can help ensure a clean driving history is protected. This coverage could prove particularly helpful if your driving history is spotless.
Numerous factors can contribute to increasing your Colorado auto insurance premium, such as driving type and model of car, age and credit history. Comparing quotes from multiple providers may save money and provides greater chances for savings by switching providers.
Certain companies provide discounts for safe drivers, good grades and other factors. Married couples typically experience lower auto insurance premiums as they are seen as being less risky.
Young drivers can save on car insurance by taking a defensive driving course and maintaining an excellent driving record, while drivers aged 50 or more may qualify for discounts by maintaining continuous coverage for six months or more without allowing their coverage to lapse.
Colorado state minimum auto insurance requirements for bodily injury and property damage coverage are 25/50/15; however, these may not cover all the damages you sustain from an accident; thus it would be wise to purchase more than these minimum requirements if you possess significant assets or savings.
Excess
Excess coverage is one of the best ways to save money on car insurance and protect you if an accident does happen.
There are various types of excess coverage to suit every need and budget, including voluntary excesses, standard excesses and age related excesses. Be sure to review your policy documents periodically to make sure that the correct excess amount has been set on car, home and contents policies.
An excess is typically defined as a fixed sum that will be assessed when making any claim, regardless of its size or extent. This amount should be noted on your policy schedule or may appear as small print in its wordsings.
Setting an excess can be an effective way to bring down the overall cost of car insurance without compromising its quality. But be wary: selecting an excessively high excess could force you to cover any claims yourself out-of-pocket.
Utilize a quote comparison site to assess and compare excesses offered by various insurance providers – this can be an excellent way of saving money on car insurance, especially if you own multiple cars or need additional protection for your assets.
As well as comparing excesses between companies, you should make sure your existing coverage provides all relevant features. For instance, if you require comprehensive cover, make sure your insurer provides appropriate levels of collision and theft coverage.
Car Insurance Quotes Colorado makes getting car insurance easy and convenient; simply enter some basic information about you and your car and within minutes you’ll have quotes from several top companies.
Driving record
When it comes to finding an affordable car insurance policy, your driving record can be one of the key determinants. If any tickets or points appear on your record, your rates will likely be more expensive than someone with no violations on record.
State of Colorado law assigns each offense committed while driving with a point value, and should you accumulate too many points within an specified time, your license could be suspended or revoked.
Find out how many points are on your license in several ways, such as checking online driving records. Or get one from your local DMV office.
Your driving record contains details of any traffic infractions, convictions, license suspensions/revocations/DUIs/accidents reported to the Division of Motor Vehicles (DMV). This information is public record and can be used by anyone for employment screening purposes.
Requesting your driving record from the DMV is possible online, via mail or in person at one of their full-service driver’s license offices. When ordering online you will require both an email address and credit or debit card for purchase; non-certified records cost $9 and certified ones $10.
Car Insurance Quotes Colorado makes the process quick and straightforward, providing results within days. Plus, with their mobile-friendly portal you can even check your driving record from any device!
As previously discussed, your driving record is one of the key determinants for car insurance rates in Colorado. Any traffic violations or points on your record could significantly raise premiums.
Although you cannot entirely eradicate all charges from your record, there may still be ways to lower your rates if any tickets or violations have accrued against you. Colorado provides an online driver education course which may help reduce or even remove points altogether.
State point systems offer another layer of support in keeping your license valid, and it is advisable to periodically review your driving record to make sure there are no violations that need to be addressed.