No one wants to overpay for their car insurance, which is why so many Colorado residents spend time shopping around for the best rates. The average cost of a monthly premium for an average policy in Colorado is approximately $113 per month. It’s not much, but many factors contribute to the type of policy you have, the type of premium you pay, and how much you can save. In general, it’s helpful to check rates at approximately 3 insurance companies before you choose the one that’s best and most affordable to you. It’s also a good idea not to confuse the cheapest policy with the best policy. Oftentimes the best policy for you is a bit more expensive, but it ends up being cheaper if you ever use it.
If you want to find the best policy for the least amount of money in Colorado, there are a few things you can do to make it a reality. The first is to check rates at insurance companies you might not consider, such as Grange Insurance Association, State Farm, American Family, Auto Owners, and The Hartford. These companies boast the best average rates in Colorado, which is what makes them a wise starting point.
Check Your Credit
One of the easiest ways to keep your insurance policy affordable and cheap is to have good credit. The better it is the less you pay. All insurance companies run a credit check on their new customers to see what kind of people they are. If you have low credit you won’t be denied insurance, but you will pay a much higher premium. Even if you know you have poor credit, check your score to see if there are any mistakes on your report. If there are, spend the time to dispute them so you can raise your score even just a bit. Every little bit helps.
Check for Safety Features
Did you know your car might have several safety features that make it a better car to drive? Newer cars are less expensive to insure, cars with alarms, driving assistance features, and even OnStar or the manufacturer equivalent are safer than other vehicles. If your car has any of these options, let your insurance agent know so they can offer you the best discounts.
You obviously won’t sell your home and move into a new neighborhood to save a few bucks on your car insurance, but you can make it cheaper by living somewhere less populated and safer. If you are planning a move while you are shopping for new insurance, check to see if the areas you’re considering living are considered safer. If they are, you might get a nice discount on your car insurance. Accidents are most likely to occur close to home, which means you’re safer living somewhere in which “Home” is away from major highways and theft rings.
Drive an Unobtrusive Car
When you drive a car that’s hot, people want it. This is not to say driving a Lamborghini means it’ll be more likely to end up stolen. What this means is there is an annual list released of the hottest cars for theft on the market, and they’re usually the cars you wouldn’t consider. Hondas, for example, have several models that top that list. Be aware of what you drive and where it falls on this list, and you’ll pay lower premiums if your car does not make an appearance on it.
Getting to know your credit, your car, and your neighborhood can affect the rates you pay for car insurance. You want cheap car insurance, but you want good car insurance. Don’t go for the cheapest policy without first ensuring it covers all you need covered. Additionally, don’t choose a policy without first shopping around. If you’re a long-time customer of a certain insurance agency, call your agent and ask what you can do to keep your rates a little lower. They might offer you a discount for being a loyal customer so they don’t risk losing your business to another insurance company. Know what you can do, where you stand, and what you have to work with so you can get the cheapest auto insurance rates in Colorado.