Getting low-cost Denver Suzuki Equator insurance quotes over the internet might seem rather difficult for drivers not familiar with comparison shopping on the internet. Since there are so many insurers available, how can you be able to compare every company to locate the lowest rates?
Surprisingly, a recent survey revealed that a large majority of drivers have stayed with the same insurance company for over three years, and 38% of customers have never compared insurance rates at all. Consumers in Colorado can cut their rates by about 35% a year just by getting comparison quotes, but they just don’t understand how easy it is to find cheaper insurance by shopping around.
Auto insurance providers offering competitive price quotes in Colorado
The auto insurance companies shown below provide price comparisons in Colorado. If multiple companies are shown, it’s highly recommended you click on several of them in order to get a fair rate comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equator Ext Cab 2WD | $188 | $348 | $426 | $26 | $128 | $1,116 | $93 |
| Equator Ext Cab 2WD | $264 | $448 | $352 | $20 | $106 | $1,190 | $99 |
| Equator Ext Cab 2WD | $220 | $368 | $352 | $20 | $106 | $1,066 | $89 |
| Equator Ext Cab 2WD | $234 | $448 | $368 | $22 | $110 | $1,182 | $99 |
| Equator Ext Cab 4WD | $168 | $288 | $352 | $20 | $106 | $934 | $78 |
| Equator Crew Cab 4WD | $240 | $492 | $456 | $28 | $136 | $1,352 | $113 |
| Equator Crew Cab 4WD | $242 | $426 | $358 | $22 | $108 | $1,156 | $96 |
| Equator Crew Cab 4WD | $284 | $434 | $460 | $28 | $138 | $1,344 | $112 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Rate quotes do not factor in zip code location which can affect coverage rates considerably.
Rate comparison for different deductibles
The chart below shows how different deductible levels and can impact Suzuki Equator insurance premiums for each different age group. The information is based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.
Full coverage versus liability-only
The chart below shows the comparison of Suzuki Equator insurance costs with full physical damage coverage and with liability coverage only. The data is based on no tickets, no at-fault accidents, $1,000 deductibles, married female driver, and no policy discounts are applied.
When to drop comprehensive and collision coverage
There isn’t a steadfast formula of when to exclude comp and collision coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Suzuki Equator settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $8,000 after the deductible is paid. If it’s costing you more than $800 annually to have full coverage, then it may be the right time to buy liability only.
There are some cases where buying only liability insurance is not advised. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.
Deductible analysis
The hardest decision when buying coverage is which deductible level should you buy. The figures shown below highlight how much more rates are between low and high deductibles. The first price estimate table uses a $100 deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equator Ext Cab 2WD | $264 | $448 | $352 | $20 | $106 | $1,215 | $101 |
| Equator Ext Cab 2WD | $264 | $448 | $352 | $20 | $106 | $1,215 | $101 |
| Equator Ext Cab 2WD | $302 | $546 | $352 | $20 | $106 | $1,351 | $113 |
| Equator Ext Cab 2WD | $302 | $546 | $352 | $20 | $106 | $1,351 | $113 |
| Equator Ext Cab 4WD | $302 | $546 | $352 | $20 | $106 | $1,351 | $113 |
| Equator Crew Cab 4WD | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| Equator Crew Cab 4WD | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| Equator Crew Cab 4WD | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equator Ext Cab 2WD | $146 | $236 | $352 | $20 | $106 | $860 | $72 |
| Equator Ext Cab 2WD | $146 | $236 | $352 | $20 | $106 | $860 | $72 |
| Equator Ext Cab 2WD | $168 | $288 | $352 | $20 | $106 | $934 | $78 |
| Equator Ext Cab 2WD | $168 | $288 | $352 | $20 | $106 | $934 | $78 |
| Equator Ext Cab 4WD | $168 | $288 | $352 | $20 | $106 | $934 | $78 |
| Equator Crew Cab 4WD | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| Equator Crew Cab 4WD | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| Equator Crew Cab 4WD | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in specific location which can affect premium rates greatly.
Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $35 more each month or $420 every year than quoting the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 26 months between claims, you would save money if you choose the higher deductible. Here’s the way you can make your own decision.
| Average monthly premium for $100 deductibles: | $114 |
| Average monthly premium for $1,000 deductibles (subtract): | – $79 |
| Monthly savings from raising deductible: | $35 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $35 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 26 months |
Earn discounts on Denver car insurance
Some companies don’t necessarily list every policy discount in a way that’s easy to find, so the next list breaks down both well-publicized in addition to some of the lesser obvious credits available to bring down your rates.
- Full Payment Discount – If paying your policy premium upfront rather than spreading payments over time you may have a lower total premium amount.
- Auto/Life Discount – Companies who offer life insurance give better car insurance rates if you take out life insurance from them.
- Data Collection Discounts – Insureds who allow companies to study driving patterns by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system might get better premium rates if they have good driving habits.
- Multiple Policy Discount – If you can bundle your auto and home insurance and place coverage with the same company you may earn up to 20% and get you the cheapest Suzuki Equator insurance in Denver.
- Home Ownership Discount – Owning your own home or condo can help you save on car insurance because of the fact that having a home shows financial diligence.
- Drive Safe and Save – Drivers who don’t get into accidents can save as much as half off their rates than their less cautious counterparts.
- Discount for Passive Restraints – Cars that have air bags can receive discounts of up to 25% or more.
- Driver’s Ed – Teen drivers should successfully complete driver’s ed class if it’s offered in school.
- Defensive Driver – Taking time to complete a course in safe driver may get you a small discount depending on where you live.
While discounts sound great, it’s important to understand that most discounts do not apply to the whole policy. Some only apply to the cost of specific coverages such as medical payments or collision. So when the math indicates it’s possible to get free car insurance, companies don’t profit that way.
A list of car insurance companies and some of the discounts are:
- Progressive may have discounts that include multi-policy, homeowner, online signing, online quote discount, and good student.
- SAFECO may include discounts for teen safety rewards, teen safe driver, bundle discounts, accident prevention training, and anti-lock brakes.
- American Family has savings for mySafetyValet, air bags, Steer into Savings, good driver, multi-vehicle, early bird, and defensive driver.
- MetLife has discounts for good driver, good student, multi-policy, claim-free, and defensive driver.
- GEICO discounts include multi-policy, emergency military deployment, federal employee, five-year accident-free, and military active duty.
- The Hartford offers premium reductions for defensive driver, vehicle fuel type, good student, bundle, air bag, anti-theft, and driver training.
Check with every prospective company how many discounts you can get. Some discounts might not apply in Denver.
Compare prices but buy from a local Denver insurance agent
Many drivers still like to get professional advice from a licensed agent and that is not a bad decision The biggest benefit of getting online price quotes is you can get the lowest rates and still choose a local agent.
To find an agent, once you fill out this simple form, your information is immediately sent to insurance agents in Denver who will gladly provide quotes for your business. It makes it easy because there is no need to find an agent on your own because quoted prices will be sent immediately to your email address. You’ll get the best rates and work with a local agent. If you need to quote rates from a particular provider, feel free to visit that company’s website and submit a quote form there.
Choosing the best insurance company requires more thought than just the premium amount. Below are some questions you should ask.
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Does their agency support local causes in Denver?
- Do they offer claims assistance after hours?
- What is their Better Business Bureau rating?
- Are you getting all the discounts the company offers?
- Will their companies depreciate repairs to your car based on the mileage?
Exclusive agents vs. Independent agents
If you would like to find a local agent, it’s helpful to know the different types of agents to choose from. Insurance agents in Denver may be either independent or exclusive.
Exclusive Insurance Agencies
Agents of this type work for only one company and examples are State Farm or Allstate. Exclusive agents cannot place coverage with different providers so they really need to provide good service. Exclusive agents are usually well trained on their company’s products and that enables them to sell even at higher rates. Many people use the same agent partially due to the prominent brand name instead of buying on price only.
Shown below are Denver exclusive agencies who may provide you with price quote information.
- Alan Deines – State Farm Insurance Agent
2120 S Ash St Unit 150 – Denver, CO 80222 – (303) 388-4400 – View Map - Allstate Insurance: Jack Sughrue
3401 Quebec St Ste 9400 – Denver, CO 80207 – (303) 377-4767 – View Map - Lori Rickert State Farm®
714 S Pearl St – Denver, CO 80209 – (303) 757-7440 – View Map
Independent Agencies or Brokers
These agents are not required to write business for one company so as a result can place your coverage with any number of different companies and find the cheapest rate. To move your coverage to a new company, your agent can switch companies which requires no work on your part.
When comparing rates, we highly recommend that you include a few independent agents for the best price selection. A lot of them also have access to small mutual carriers that can offer cheaper rates than bigger companies.
Shown below are Denver independent insurance agents that are able to give price quotes.
- Gonzalez Insurance Agency
6450 E Colfax Ave – Denver, CO 80220 – (303) 320-4901 – View Map - FUSA Insurance Agency
7900 E Union Ave #200 – Denver, CO 80237 – (303) 752-5806 – View Map - L A Insurance
2684 S Broadway – Denver, CO 80210 – (303) 282-8000 – View Map
Car insurance advertising gotchas
Well-known car insurance companies like 21st Century, Allstate and State Farm continually stream television, radio, and online ads. They all seem to make the point about how much you will save after switching your coverage to them. But how can every company charge you a lower premium? Just pay attention to how they say it.
Insurance providers give the cheapest rates for the type of customer that makes them money. For instance, a profitable risk profile may need to be a married male, has no claims, and has excellent credit. Anybody who meets those qualifications may get the lowest premium rates in Denver and will probably save a lot of money.
Consumers who fall short of the requirements will be quoted higher rates which results in the prospect going elsewhere. If you listen closely, the ads state “drivers that switch” not “everyone that quotes” can get the lowest rates when switching. This is how companies can make claims like that. Because each company has a different risk profile, you should compare quotes as often as possible. Because you cannot predict which company will fit your personal profile best.
Insurance policy specifics
Learning about specific coverages of your policy can help you determine the right coverages for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.
Liability car insurance
This coverage will cover injuries or damage you cause to people or other property that is your fault. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/15 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $15,000 paid for damaged property.
Liability coverage pays for things such as repair bills for other people’s vehicles, legal defense fees, medical services, loss of income and structural damage. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as high a limit as you can afford. Colorado requires drivers to carry at least 25/50/15 but you should consider buying more coverage.
Comprehensive coverage (or Other than Collision)
This pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as damage from getting keyed, vandalism, hitting a bird, hitting a deer and damage from a tornado or hurricane. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Coverage for collisions
Collision insurance pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as crashing into a building, colliding with another moving vehicle, rolling your car, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to raise the deductible on your Equator to bring the cost down.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your Suzuki Equator.
Because many people only carry the minimum required liability limits (25/50/15), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.
Insurance for medical payments
Coverage for medical payments and/or PIP kick in for immediate expenses for dental work, nursing services and ambulance fees. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Affordable rates are available
The cheapest Suzuki Equator insurance in Denver is definitely available on the web in addition to local insurance agencies, and you should compare price quotes from both to get a complete price analysis. Some insurance providers do not provide online rate quotes and many times these regional carriers sell through independent insurance agents.
When trying to cut insurance costs, don’t be tempted to sacrifice coverage to reduce premiums. There have been many situations where someone dropped comprehensive coverage or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.
We’ve covered some good ideas how you can shop for Suzuki Equator insurance online. The key thing to remember is the more times you quote, the better chance you’ll have of finding cheaper Denver auto insurance quotes. Drivers may even discover the best prices are with the least-expected company.
To learn more, take a look at the following helpful articles:
- Collision Insurance Coverage (Nationwide)
- How Much is Auto Insurance for Ride Shares in Denver? (FAQ)
- Who Has Affordable Denver Auto Insurance Quotes for a Toyota Camry? (FAQ)
- How Much are Denver Car Insurance Quotes for a Toyota Highlander? (FAQ)
- Who Has Cheap Denver Car Insurance for Single Moms? (FAQ)
- Eight Auto Insurance Myths (Insurance Information Institute)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)