Colorado – Tips for Saving on Car Insurance


Everyone wants to save money on their car insurance. Car insurance rates continue to keep going up year after year. You probably wonder if there is anything that you can do to save money on your car insurance. The following tips could help you save some money on your next policy. Try using more than one and you can see some big savings.

Find out exactly what the minimum coverage is that you are required to carry for the state of Colorado. After you know the minimum that you must have, check the limits to see if you want to raise them or add additional coverage in other areas. Just remember that the minimum limits are the highest amount of money that your insurance carrier will pay out for each accident or incident. Knowing ahead of time exactly what your insurance needs are will help you get the best rate without paying for coverage you really don’t need.

Shop around. Once you know what you need you can get quotes from as many different companies as you wish. And you will be surprised at how the rates will vary. That’s why it is a good idea to check out all of the major companies. They all boast about how much money they can save you so now is the moment of truth. And this is one of the easiest ways to save money on your car insurance.

Use your computer to help you find quotes fast. There are actually companies that will match up your coverage needs and let you know which companies have the best rates for the coverage that you are looking for. If you are still not sure it is best to speak directly with an insurance agent who can guide you in the right direction.

If you don’t qualify for any savings or discounts, you can still save a few bucks by raising your deductible. A simple adjustment of your deductible amount can result in savings on your annual premiums. When you raise your deductible from $250 to $500 you could realize savings up to 10 percent annually. This simple adjustment could mean some real savings in the long run.

If you have been supporting an older vehicle it may be time to cut loose your collision coverage especially if you drive an older vehicle that isn’t worth more than around $2,000. If your vehicle is still being financed you must keep this coverage, but if your car is paid off, it may be cheaper in the long run to remove it from your policy.

Putting all of your insurance policies under one roof, or bundling, can usually save you money. Insurance companies give discounts to their customers who use them for all of their insurance needs – car, life, homeowners, rental and health. Plus it makes it easier to keep track of with one insurance agent.

See if your insurance company gives any discounts for keeping your mileage down, being a safe driver, having a safe car, attending defensive driving classes or being a good student. Most companies at least give a multi car discount if you insure more than one vehicle from the same household.

And always make sure you update your information every time you renew your policy, and go over your policy for errors every time you renew your coverage.