Would you like to stop overpaying and find lower-priced Toyota Prius insurance in Aurora? Are you at wits end from robbing Peter to pay Paul to keep your car insured? Your situation is no different than the majority of other vehicle owners in Colorado.
It's hard to fathom, but a large majority of insurance policyholders in Colorado kept their policy with the same company for at least the last four years, and almost 40% of drivers have never quoted insurance rates at all. Many drivers in the United States could cut their rates by almost $859 a year just by shopping around, but they just assume it takes a lot of time to compare rate quotes. Multiple auto insurance companies compete to insure your vehicles, so it can be very hard to choose a insurance company and get the best coverage at the lowest cost out there.
Consumers should take time to do price comparisons as often as possible because prices go up and down regularly. If you had the best rates on Toyota Prius insurance in Aurora two years ago you can probably find a better premium rate now. Block out anything you think you know about insurance because you're going to learn the tricks you need to know to find better rates and still maintain coverage.
If you have insurance now or want to find a cheaper company, use these techniques to lower your rates without sacrificing coverage. Finding the cheapest car insurance coverage in Aurora is quite easy if you know the best way to do it. You just have to know how to get comparison quotes using one simple form.
The companies shown below offer comparison quotes in Aurora, CO. If several companies are displayed, we suggest you click on several of them to get the most affordable price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Price estimates do not factor in specific Aurora garaging location which can alter rates substantially.
Difference between liability only and full coverage rates
The information below shows the comparison of Toyota Prius yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no violations or accidents, $1,000 deductibles, single female driver, and no discounts are factored in.
Deciding between full coverage and liability only
There is no exact formula to stop buying physical damage coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let's assume your Toyota Prius replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after paying the physical damage deductible. If you are paying in excess of $200 a year for physical damage coverage, then you might want to consider buying only liability coverage.
There are a few cases where only buying liability is not advised. If you haven't paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Determine discounts on Aurora car insurance
Auto insurance companies don't always advertise all available discounts very well, so the list below contains both the well known in addition to some of the lesser obvious discounts you could be receiving when you buy Aurora auto insurance online. If they aren't giving you every credit possible, it's possible you qualify for a lower rate.
- More Vehicles More Savings - Drivers who insure multiple cars or trucks on a single policy can reduce the rates for all insured vehicles.
- Driver Education Discount - It's a good idea to have your young drivers enroll in driver's education in school.
- Accident Forgiveness Coverage - Not really a discount, but companies like Liberty Mutual and GEICO will turn a blind eye to one accident without raising rates with the catch being you have to be claim-free for a certain period of time.
- ABS and Traction Control Discounts - Vehicles with ABS braking systems or traction control are much safer to drive and the ABS can save up to 10%.
- Passive Restraints and Air Bags - Vehicles with factory air bags may qualify for discounts of more than 20%.
- Seat Belt Usage - Using a seat belt and requiring all passengers to buckle up can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
- Life Insurance Discount - Some companies give a lower rate if you buy auto and life insurance together.
Remember that many deductions do not apply to the entire policy premium. Most only cut the price of certain insurance coverages like medical payments or collision. So even though you would think all the discounts add up to a free policy, you aren't that lucky. Any qualifying discounts should definitely cut your policy premium.
If you would like to view providers that offer discounts in Aurora, follow this link.
Local insurance agents
A small number of people would rather talk to an insurance agent and that is a smart decision Good insurance agents can make sure you are properly covered and help in the event of a claim. The biggest benefit of price shopping on the web is you may find cheap auto insurance rates and still have an agent to talk to.
To help locate an agent, after submitting this short form, the coverage information is transmitted to companies in Aurora that can give you free Aurora auto insurance quotes for your insurance coverage. You don't have to search for any insurance agencies since rate quotes are delivered directly to you. In the event you want to quote rates from a specific company, don't hesitate to search and find their rate quote page and submit a quote form there.
Selecting an provider should include more criteria than just the bottom line cost. The questions below may impact your decision as well.
- Is there any savings for paying the full premium?
- If your car is in the repair shop, do you have coverage for a rental car?
- Are aftermarket or OEM parts used to repair vehicles?
- If your car is totalled, how to they determine the replacement cost?
- Are you getting all the discounts the company offers?
- Do they get extra compensation for selling add-on coverages?
- Will one accident increase rates?
When finding a reliable insurance agency, it can be helpful to understand the types of insurance agents and how they can service your needs differently. Aurora agents can be categorized as either independent agents or exclusive agents. Either type can sell and service auto insurance coverage, but it's important to point out the subtle differences since it could factor into buying decisions.
Exclusive Insurance Agencies
Exclusive insurance agents can usually just insure with one company such as Farmers Insurance and State Farm. These agents are unable to give you multiple price quotes so they are skilled at selling on more than just price. Exclusive agents receive a lot of sales training on what they offer and that enables them to sell even at higher rates.
Shown below are Aurora exclusive insurance agencies that are able to give comparison quotes.
Independent Auto Insurance Agencies
Independent agents are not locked into one company so they have the ability to put coverage through many different auto insurance companies and potentially find a lower price. If they find a lower price, they can switch companies in-house and you don't have to do anything.
When comparing rates, you definitely need to include price quotes from at a minimum one independent agency to get the best comparison.
Listed below are Aurora independent agents that are able to give rate quotes.
Protect your Prius and other assets
Even though Aurora Prius insurance rates can get expensive, insuring your vehicle is mandatory in Colorado but it also protects more than you think.
- Just about all states have minimum mandated liability insurance limits which means the state requires a minimum amount of liability coverage 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 Prius has a loan, most banks will make it mandatory that you carry insurance to guarantee loan repayment. If you do not pay your insurance premiums, the lender may insure your Toyota at a significantly higher premium and force you to pay for the much more expensive policy.
- Auto insurance preserves not only your Toyota but also your assets. Insurance will pay for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability coverage also covers legal expenses if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, your policy will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance are without a doubt worth the cost, particularly for liability claims. As of last year, the average driver in Colorado overpays more than $810 a year so compare rates at every policy renewal to ensure rates are competitive.
Insurance coverage specifics
Learning about specific coverages of a insurance policy can help you determine the best coverages for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most insurance policies.
Coverage for medical expenses
Coverage for medical payments and/or PIP pay for expenses like X-ray expenses, EMT expenses, funeral costs, hospital visits and prosthetic devices. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and may carry a deductible
Coverage for liability
Liability coverage will cover injuries or damage you cause to a person or their property by causing an accident. It protects you against other people's claims, and does not provide coverage for your injuries or vehicle damage.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/15 which stand for 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 protects against claims like repair costs for stationary objects, court costs and emergency aid. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford. Colorado state minimum liability requirements are 25/50/15 but you should think about purchasing better liability coverage.
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle when the "other guys" either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and also any damage incurred to your Toyota Prius.
Since a lot of drivers carry very low liability coverage limits (25/50/15 in Colorado), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.
Coverage for collisions
This pays to fix your vehicle from damage from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as driving through your garage door, backing into a parked car, hitting a mailbox and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It's also possible to choose a higher deductible on your Prius to get cheaper collision coverage.
This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like hitting a bird, damage from a tornado or hurricane, rock chips in glass and falling objects. The maximum payout your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.
Do the work, save more money
We covered a lot of tips how to save on Toyota Prius insurance in Aurora. The key thing to remember is the more companies you get rates for, the better chance you'll have of finding cheaper Aurora auto insurance quotes. You may even discover the lowest prices are with some of the lesser-known companies. Some small companies may have significantly lower rates on certain market segments than their larger competitors like State Farm and Allstate.
When you buy Aurora auto insurance online, don't be tempted to reduce needed coverages to save money. In too many instances, an insured dropped collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The aim is to purchase plenty of coverage for the lowest cost, but don't skip important coverages to save money.
To learn more, feel free to browse these articles:
- Safe Vehicles for Teens (iihs.org)
- What Auto Insurance is Cheapest for Handicapped Drivers in Colorado? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers with Good Credit in Colorado? (FAQ)
- What is the Cheapest Auto Insurance in Lakewood, Colorado? (FAQ)
- How Much are Colorado Auto Insurance Rates for Police Officers? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Inexperienced Drivers in Colorado? (FAQ)
- What is the Cheapest Auto Insurance in Greeley, Colorado? (FAQ)
- What Car Insurance is Cheapest for Drivers Over Age 70 in Colorado? (FAQ)
- How Much is Auto Insurance for a Toyota Corolla in Colorado? (FAQ)
- How Much is Colorado Auto Insurance for High School Students? (FAQ)
- Tools for Teen Driving Safety (State Farm)
- Winter Driving (Insurance Information Institute)
- What Does No-Fault Insurance Cover? (Allstate)
- Reducing Your Risks in a Car Crash Video (iihs.org)