Car Insurance Rate Quotes in Arvada

Are you regretting buying high-priced car insurance? Believe me when I say there are a lot of people in Arvada just like you who feel imprisoned by their car insurance policy.

Astonishing but true, nearly 70% of consumers have stayed with the same insurance company for well over three years, and almost half have never compared rates with other companies. Arvada insurance shoppers can save approximately 35% each year by just shopping around, but they assume it’s a waste of time to find lower-cost insurance by shopping around. Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate continually bombard you with fancy advertisements and it is difficult to separate fact from fiction and effectively compare rates to find the best deal.

If you already have coverage or need a new policy, you will benefit by learning to shop for the lowest rates while maintaining coverages. Locating the best rates in Arvada is really not that difficult. Drivers just have to know the most time-saving way to compare insurance rates using one simple form.

Companies offering cheap rate quotes in Colorado

The companies in the list below provide comparison quotes in Arvada, CO. If more than one company is shown, it’s a good idea that you visit several of them in order to get a fair rate comparison.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Rate information does not factor in Arvada location which can affect price quotes considerably.

Physical damage deductibles

One of the most common car insurance questions is how high should your deductibles be. The comparison tables below sum up the costs and benefits when you choose different physical damage deductibles. The first data set uses a $250 physical damage deductible and the second rate table uses a $500 deductible.

GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Table data does not factor in Arvada location which can increase or decrease price quotes noticeably.

We can estimate from the data above that using a $250 deductible costs about $14 more each month or $168 annually than selecting the higher $500 deductible. Since you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 18 months between claim filings, you would probably come out ahead by going with a higher deductible. The table below illustrates an example of how you can do this calculation yourself.

Arvada insurance discounts

Some providers don’t always list all discounts very clearly, so we researched a few of the more common and also the more inconspicuous discounts that may be available. If you don’t get every credit you qualify for, you could be paying more than you need to.

• Use Seat Belts – Requiring all passengers to buckle up before driving can save up to 15% off PIP or medical payments premium.
• Responsible Driver Discount – Safe drivers can save as much as half off their rates compared to accident prone drivers.
• Discount for Home Ownership – Just being a homeowner can save you money because maintaining a house requires a higher level of personal finance.
• No Charge for an Accident – This one is not really a discount per se, but companies like State Farm, Progressive and GEICO will let one accident slide before your rates go up if your claims history is clear before the accident.
• Early Renewal Discounts – Some insurance companies provide a discount for renewing your policy prior to your current policy expiration. The savings is around 10%.
• Save with More Vehicles Insured – Buying insurance for more than one vehicle on the same insurance policy can reduce the rates for all insured vehicles.

It’s important to understand that most of the big mark downs will not be given to the entire policy premium. Some only apply to specific coverage prices like collision or personal injury protection. Even though it may seem like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

If you would like to view insurers with discount insurance rates in Arvada, click here to view.

Insurance is available from local agents

Many people would prefer to visit with an insurance agent and that is not a bad decision Good insurance agents are trained to spot inefficiencies and help file insurance claims. A good thing about comparing rate quotes online is that you can obtain cheap insurance quotes and also buy local.

After filling out this quick form, your insurance coverage information is instantly submitted to local insurance agents in Arvada that can provide free Arvada car insurance quotes to get your business. It simplifies rate comparisons since you won’t have to contact any agents since rate quotes are delivered to you. If you wish to quote rates from a specific insurance company, you can always jump over to their website and fill out the quote form the provide.

Choosing an insurance company needs to be determined by more than just the price. These are some questions your agent should answer.

• Are there any discounts that you might be missing?
• Do they write coverage based solely on cost?
• Do they get paid more for recommending certain coverages?
• Do they carry Errors and Omissions coverage?
• Has the agent ever had any license suspensions?
• Does the company have a solid financial rating?
• Will they take your side in the event of a claim?

Below is a short list of auto insurance companies in Arvada who can help you get price quote information.

More insurance agents

But the ad said I’d save 15% in 15 minutes!

Colorado drivers can’t avoid all the ads for auto insurance savings from companies such as GEICO, State Farm and Progressive. All the ads have a common claim about savings just by moving your auto insurance policy to them.

That’s great but how can every company charge you a lower premium? It’s all in the numbers.

Many companies give the cheapest rates for the type of driver that makes them money. An example of a driver they prefer may be between 25 and 40, carries high limits, and has a short commute. A customer who matches that profile will get the preferred prices in Arvada and as a result will probably cut their auto insurance rates if they switch.

Consumers who do not match these criteria will probably have to pay a higher rate with the end result being the customer buying from a different company. If you pay close attention to the ads, they say “drivers who switch” not “everybody who quotes” save that much. That is how companies can make claims like that. This really drives home the point why it’s extremely important to get a wide range of price quotes. Because you never know with any certainty which company will fit your personal profile best.

Coverage specifics

Understanding the coverages of auto insurance can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. These are typical coverages available from auto insurance companies.

Liability car insurance

This provides protection from injuries or damage you cause to people or other property by causing an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/15 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and $15,000 of coverage for damaged property.

Liability coverage pays for claims such as pain and suffering, funeral expenses and repair bills for other people’s vehicles. How much coverage you buy is up to you, but consider buying higher limits if possible. Colorado requires minimum liability limits of 25/50/15 but drivers should carry more liability than the minimum.

Comprehensive coverage

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like fire damage, hitting a deer, a broken windshield, theft and falling objects. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as ambulance fees, chiropractic care, funeral costs, prosthetic devices and surgery. The coverages can be utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as damage to your vehicle.

Since many Colorado drivers only purchase the least amount of liability that is required (25/50/15), their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Collision protection

Collision coverage covers damage to your vehicle resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like driving through your garage door, sideswiping another vehicle, backing into a parked car and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Car insurance claim information

Are you driving a vehicle that ranks high in claims? The following claim statistics show the worst and best vehicles for likelihood of having to file claims organized by coverage.

Quote. Compare. Save.

Some companies do not offer online rate quotes and usually these small, regional companies only sell coverage through independent agents. Cheap insurance in Arvada can be sourced from both online companies and also from your neighborhood Arvada agents, and you should compare rates from both to have the best rate selection.

While you’re price shopping online, you should never buy less coverage just to save a little money. There are many occasions where someone sacrificed uninsured motorist or liability limits and discovered at claim time that they should have had better coverage. The proper strategy is to purchase plenty of coverage for the lowest cost.

For more information, take a look at these articles:

• Anti-Lock Brake FAQ (iihs.org)
• How Much are Car Insurance Quotes for a Kia Optima in Denver? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Subaru Outback in Denver? (FAQ)
• Who Has the Cheapest Car Insurance for a GMC Sierra in Denver? (FAQ)
• Teen Driver Licensing Information (iihs.org)
• Distracted Driving (Insurance Information Institute)
• Young Drivers: The High Risk Years Video (iihs.org)