Car Insurance Rate Quotes for a Toyota Avalon in Denver

Having to pay for high-priced Toyota Avalon insurance in Denver can diminish your monthly budget and force you to prioritize other expenses.

Remarkably, a study showed that a large majority of auto insurance policyholders kept buying from the same company for well over three years, and just short of a majority have never quoted rates to find affordable coverage. Many consumers in Colorado could save an average of 35% each year by just comparing quotes, but they don’t believe the big savings they would realize if they replace their high priced policy.

There is such a variety of auto insurance companies to buy insurance from, and even though it’s nice to have a choice, it can be more difficult to find the lowest cost provider for Toyota Avalon insurance in Denver.

Consumers should take time to take a look at other company’s rates quite often because rates change quite often. Despite the fact that you may have had the lowest rate on Toyota Avalon insurance in Denver a couple years back the chances are good that you can find a lower price today. Block out anything you think you know about auto insurance because you’re about to learn the right way to properly buy coverages while reducing your premium.

Getting quotes for more affordable insurance coverage in Denver is simple if you know the tricks. Essentially every person who has to buy insurance will most likely get a lower-priced policy. Although Colorado consumers benefit from understanding how companies market insurance on the web.

When shopping for the cheapest Toyota Avalon rate quotes, there are a couple of ways of comparing price quotes from many available insurance companies in Colorado. The best way to comparison shop consists of shopping online.

Comparing free rates online is easy and it, makes it a waste of time to make phone calls or go to local Denver insurance agencies. The internet has reduced the need for local agents unless you require the professional advice that only a licensed agent can provide. Although you can get the lowest quotes online and get advice from an agent in your area.

It’s important to know that obtaining a wide range of quotes will increase your chances of finding the best offered rates. Not every company allows you to get price estimates online, so it’s recommended that you also compare price estimates on coverage from those companies, too.

The car insurance companies shown below offer price quotes in Denver, CO. If several companies are displayed, we suggest you visit several of them in order to get a fair rate comparison.

Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price information does not factor in vehicle location which can affect coverage rates noticeably.

Should you buy full coverage?

The chart below shows the difference between Toyota Avalon insurance rates with full coverage and liability only. The data is based on no violations or accidents, $100 deductibles, married female driver, and no policy discounts are applied.

When to stop paying for full coverage

There is no set rule of when to stop paying for physical damage coverage on your policy, but there is a general guideline. If the annual cost of having full 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 Toyota Avalon claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after the policy deductible has been paid. If you are currently paying more than $500 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

Where to set your deductibles

The chart below demonstrates how deductibles and can change Toyota Avalon annual premium costs for different ages of insureds. The premiums assume a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.

Policy deductibles

The hardest decision when buying coverage is how high should the deductibles for physical damage be. The following insurance rates determine the cost difference between high and low policy deductibles. The first rate comparisons uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Price estimates do not factor in specific garaging location which can raise or lower coverage rates greatly.

Using the data above, we can ascertain that using a $250 deductible will cost you about $28 more each month or $336 annually than quoting the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 27 months between claims, you would probably be better off by selecting a higher deductible. Here is an example of how you can make this decision for your own policy.

An important thing to remember is that a higher deductible results in having to pay to pay more out-of-pocket when you have to file a claim. It will be required that you have some money saved in order to pay more for the deductible.

Insurance protects more than just your car

Even though it can be expensive, insurance may not be optional for several reasons.

• Most states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability insurance in order to license the vehicle. 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.
• If your Toyota has a lien holder, it’s guaranteed your bank will stipulate that you carry insurance to ensure loan repayment if the vehicle is totalled. If you let the policy lapse, the lender may insure your Toyota at a much higher rate and force you to reimburse them for it.
• Insurance protects both your Toyota Avalon and your personal assets. It also can pay for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, will also pay attorney fees in the event you are sued. If your vehicle suffers damage from an accident or hail, your policy will pay to repair the damage.

The benefits of insuring your car are definitely more than the cost, particularly if you ever have a claim. But the average American driver is currently overpaying as much as $865 each year so it’s important to compare rates each time the policy renews to save money.

Why Informed Consumers Pay Less for Toyota Avalon Insurance

An important part of buying insurance is that you know some of the elements that help determine your premiums. When you understand what determines base rates, this enables informed choices that will entitle you to much lower annual insurance costs. Many things are part of the calculation when pricing auto insurance. A few of the factors are predictable such as your driving history, although some other factors are not as apparent like your continuous coverage or how financially stable you are.

Are you male or female? – Statistics show females are less aggressive when driving. The data does not necessarily mean that men are WORSE drivers than women. Both genders are in fender benders at a similar rate, but guys tend to have higher claims. Not only are claims higher, but men have more aggressive citations such as reckless driving. Young males tend to get in the most accidents and therefore have the most expensive auto insurance rates.

Marriage discount – Walking down the aisle helps lower the price on your policy. Having a spouse means you’re less irresponsible and it’s proven that being married results in fewer claims.

Do you really need to file that auto insurance claims? – Companies in Colorado provide lower rates to insureds who do not file claims often. If you tend to file frequent claims, you can look forward to much higher rates or policy non-renewal. Insurance coverage is intended to be relied upon for the large, substantial claims.

Use one insurance company and save – Most larger insurance companies will give lower prices to buyers who have multiple policies with them, otherwise known as a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. Even if you already get this discount, it’s still a good idea to compare other Denver Avalon insurance rates to help guarantee you have the best rates. You may still be able to save money by buying insurance from more than one company.

Premiums impacted by vehicle usage – The more you drive each year the higher the price you pay to insure it. A lot of insurance companies charge to insure your cars based upon how the vehicle is primarily used. Vehicles that do not get driven very much receive lower rates than vehicles that are driven to work every day. Incorrect rating for your Avalon may be costing you higher rates. Double check that your policy is rated on how each vehicle is driven.

Credit rating impacts premium costs – Having a good credit score can be an important factor in determining your rates. People that have very good credit scores tend to be more responsible and file fewer claims than drivers who have bad credit. So if your credit can be improved, you could be paying less to insure your Toyota Avalon if you clean up your credit.

Cars with good safety ratings save money – Vehicles that have high safety ratings tend to have lower insurance rates. Highly rated vehicles reduce injuries and better occupant protection means lower claim amounts which can result in lower premiums.

Don’t skimp on liability insurance – A critical coverage on your policy, liability insurance kicks in when a court rules you are at fault for causing personal injury or damage in an accident. Your policy’s liability insurance provides legal defense to attempt to prove you were not liable. It is affordable coverage compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.

Insurance loss statistics a Toyota Avalon – Insurance companies factor in insurance loss information when determining insurance costs. Models that the statistics show to have higher prevalence or dollar amount of losses will have higher rates for specific coverages.

The table below demonstrates the collected loss data for Toyota Avalon vehicles. For each type of coverage, the loss probability for all vehicles compiled together is set at 100. Percentage numbers below 100 indicate a favorable loss history, while values that are 100 or greater indicate more frequent losses or an increased chance of a larger loss.

Cheaper Denver car insurance quotes with discounts

Auto insurance companies don’t list all available discounts very well, so the list below contains both well-publicized and also the lesser-known car insurance savings.

• Student in College – Youth drivers who attend college more than 100 miles from Denver and do not have access to a covered vehicle could qualify for this discount.
• Safety Restraint Discount – Drivers who require all occupants to buckle up could cut 10% or more on the premium charged for medical payments and/or PIP.
• Discount for Life Insurance – Select companies reward you with a lower car insurance rate if you buy a life policy as well.
• Payment Method – If you can afford to pay the entire bill rather than spreading payments over time you may reduce your total bill.
• Discount for Passive Restraints – Vehicles equipped with air bags may qualify for discounts of more than 20%.
• Discount for Low Mileage – Maintaining low annual mileage may allow you to get discounted premium rates on garaged vehicles.

A little note about advertised discounts, most discounts do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as medical payments or collision. Even though it may seem like all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

To locate car insurance companies with discount car insurance rates in Colorado, click here.

Neighborhood insurance agents

Some people would prefer to buy from a local agent and often times that is recommended An additional benefit of comparing insurance prices online is that you can obtain cheap auto insurance quotes but still work with a licensed agent. And providing support for small agencies is important especially in Denver.

For easy comparison, once you complete this form (opens in new window), the coverage information is sent to insurance agents in Denver who want to provide quotes for your insurance coverage. There is no need to find an agent since price quotes are sent directly to your email. You’ll get the best rates without having to waste a lot of time. If you need to get a rate quote for a specific company, don’t hesitate to search and find their rate quote page and give them your coverage information.

If you are wanting to purchase auto insurance from a good Denver insurance agent, there are a couple of different agency structures and how they can quote your rates. Denver agents may be either exclusive or independent agents depending on their company appointments.

Independent Auto Insurance Agencies or Brokers

Independent agencies are not locked into one company so as a result can place your coverage with multiple insurance companies and find the cheapest rate. To transfer your coverage to a different company, they simply move the coverage in-house and you don’t have to switch agencies.

When comparing rates, we recommend you include rate quotes from at a minimum one independent agency to ensure the widest selection of prices.

Listed below is a partial list of independent agents in Denver that may be able to provide free price quotes.

More insurance agents

Exclusive Auto Insurance Agents

Exclusive agents can only write with one company and examples are Allstate and State Farm. These agents are not able to shop your coverage around so if the price isn’t competitive there isn’t much they can do. Exclusive agents receive a lot of sales training on their company’s products which aids in selling service over price.

Shown below is a short list of exclusive insurance agents in Denver willing to provide rate quotes.

More insurance agents

Selecting an insurance agency should depend on more than just the quoted price. These are valid questions to ask:

• Are they paid to recommend certain coverages?
• Is the quote a firm price?
• In the event of vehicle damage, can you pick the collision repair facility?
• How would your car be valued if totalled?
• Will one accident increase rates?
• Are there any discounts that you might be missing?

A conclusion for your auto insurance search

We’ve covered a lot of techniques to find cheaper Toyota Avalon insurance in Denver. The key thing to remember is the more you quote Denver auto insurance, the more likely it is that you will get a better rate. Consumers could even find that the biggest savings come from a small local company. Smaller companies often have lower premium rates on specific markets than their larger competitors like GEICO and State Farm.

Cheaper auto insurance in Denver is attainable both online in addition to many Denver insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some auto insurance companies do not provide the ability to get a quote online and many times these regional insurance providers only sell through local independent agents.

More detailed auto insurance information is available by following these links:

• Preventing Carjacking and Theft (Insurance Information Institute)
• Who Has Cheap Auto Insurance Quotes for a Nissan Sentra in Denver? (FAQ)
• Who Has Affordable Auto Insurance for a Toyota RAV4 in Denver? (FAQ)
• Who Has Cheap Denver Car Insurance Rates for 18 Year Olds? (FAQ)
• How Much are Denver Car Insurance Quotes for a Toyota Highlander? (FAQ)
• Choosing a Car for Your Teen (State Farm)
• Teen Driver Licensing Information (iihs.org)
• If I File a Claim will My Insurance Go Up? (Insurance Information Institute)