Do you want a faster way to compare more competitive Toyota Corolla insurance in Fort Collins? Are you regretting buying high-priced Toyota Corolla insurance in Fort Collins? Trust us when we tell you you're not alone.
Unfortunately, most drivers have stayed with the same insurance company for more than four years, and approximately 38% of consumers have never compared car insurance rates at all. With the average premium in Colorado being $1,800, drivers can save nearly $610 each year by just comparing quotes, but they just don't understand how easy it is to compare rates. Numerous auto insurance companies battle for your insurance dollar, and because of this it can be hard to compare car insurance companies and uncover the absolute best rate on Toyota Corolla insurance in Fort Collins.
If you already have coverage or just want a better rate, you can use this information to save money without reducing protection. Choosing the best rates in Fort Collins is actually very simple if you learn how to start. Smart buyers just have to understand the most efficient way to compare price quotes online.
Find Cheaper Car Insurance with These Tips
It's important that you understand the rating factors that aid in calculating your premiums. If you have some idea of what controls the rates you pay, this enables informed choices that will entitle you to lower rates.
The list below includes some of the major factors used by insurance companies to determine premiums.
More traffic means higher claims - Residing in a small town can be a good thing when talking about car insurance. Less people living in that area corresponds to lower accident rates. Residents of big cities have traffic congestion and more time behind the wheel. The longer drive time can result in more accidents.
Your occupation is a factor - Jobs like lawyers, air traffic controllers, and dentists tend to pay the highest rates attributed to intense work-related stress and incredibly demanding work hours. On the flip side, careers such as actors, historians and retirees receive lower rates.
Pay more out-of-pocket - Insurance for physical damage, also known as collision and other-than-collision, helps pay for damage to your vehicle. Some examples of covered claims are a windshield shattered by a rock, vandalism, and damage caused by flying debris. Comp and collision deductibles tell how much you are willing to pay in the event of a claim. The more damage repair cost you pay before a claim is paid (deductible), the lower your rates will be.
Being married is a good thing - Walking down the aisle helps lower the price on your car insurance bill. It generally demonstrates drivers are more responsible it has been statistically shown that married couples file fewer claims.
Maintain car insurance coverage - Having a lapse in insurance coverage can be a sure-fire way to trigger a rate increase. In addition to paying higher premiums, being ticketed for driving with no insurance may earn you a license revocation or jail time.
Toyota Corolla claim data - Auto insurance companies use historical loss data to help determine the price you pay. Vehicles that statistically have higher loss trends will have higher rates for specific coverages. The next table illustrates the historical loss data for Toyota Corolla vehicles.
For each coverage type, the loss probablilty for all vehicles averaged together is considered to be 100. Numbers under 100 suggest losses that are better than average, while percentages above 100 point to more claims or an increased chance of larger losses than average.
Insurance Loss Ratings for Toyota Corolla Vehicles
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
All the larger car insurance companies allow you to get price estimates from their websites. Comparing prices online for Toyota Corolla insurance in Fort Collins doesn't take much effort as you just type in your coverage information as requested by the quote form. When complete, their quoting system pulls your credit score and driving record and generates pricing information determined by many factors. The ability to get online rates for Toyota Corolla insurance in Fort Collins makes it easy to compare insurance prices and it is important to compare as many rates as possible if you want to find the most affordable possible premiums on car insurance.
To quickly compare rates using this form now, consider comparing rates from the companies shown below. To compare your current rates, we recommend you enter the insurance coverages identical to your current policy. This helps ensure you will receive rate quotes for the exact same coverage.
The providers in the list below have been selected to offer free rate quotes in Colorado. If multiple companies are shown, we suggest you visit several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rate quotes do not factor in specific garaging location which can impact price quotes significantly.
Physical damage deductible comparison
The illustration below demonstrates how deductibles and can raise or lower Toyota Corolla insurance costs for each age group. The price estimates are based on a married male driver, full coverage, and no policy discounts are applied.
Beware of misleading car insurance ads
Consumers in Colorado get pounded daily by advertisements for cheaper car insurance by GEICO, State Farm and Progressive. All the companies seem to make the promise about saving some big amount if you get a free Fort Collins auto insurance quote and switch to their company.
It sounds good, but how can they all save you money on Toyota Corolla insurance in Fort Collins? It's all in the wording.
Many companies quote their best rates for the driver that earns them the most money. A good example of a profitable customer might be over the age of 35, has no prior claims, and has a high credit rating. Any customer who fits those characteristics will get the preferred rates in Fort Collins and therefore will save when switching.
Insureds who do not fit these criteria may be required to pay a higher rate which results in the customer buying from a different company. The ads say "people that switch" not "everyone who quotes" can get the lowest rates when switching. This is how companies can truthfully make claims that they all have the best premium rates. This really illustrates why it is so important to get a wide range of price quotes. It is impossible to guess the company that will have the best Toyota Corolla insurance in Fort Collins.
Here's why auto insurance is not optional
Even though it can be expensive, paying for auto insurance is a good idea for several reasons.
- The majority of states have mandatory insurance requirements which means the state requires a minimum amount of liability protection in order to be legal. 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 you took out a loan on your Toyota Corolla, it's guaranteed your bank will have a requirement that you have insurance to protect their interest in the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Toyota at a more expensive rate and require you to fork over the higher premium.
- Auto insurance protects both your Toyota and your personal assets. Insurance will also pay for many types of medical costs for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also covers legal expenses if you are sued as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.
The benefits of having insurance outweigh the cost, particularly when you have a large claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $869 every year so compare rate quotes at every policy renewal to save money.
Discounts for cheaper auto insurance rates
Auto insurance companies don't list every discount in an easy-to-find place, so the list below contains both well-publicized and also the more inconspicuous ways to save on auto insurance.
- Policy Bundle Discount - If you combine your home and auto policies and place coverage with the same company you could save approximately 10% to 15%.
- 55 and Retired - If you're over the age of 55, you may qualify for reduced rates.
- Driver Education Discount - It's a good idea to have your young drivers take driver's ed class in school or through a local driver safety program.
- Distant College Student Discount - Any of your kids who live away from home to go to college and won't have access to an insured vehicle can be insured at a reduced rate.
- Discount for Life Insurance - Larger auto insurance companies have a discounted price on car insurance if you buy a life insurance policy as well.
- Federal Employees - Employees or retirees of the government could provide a small rate reduction with some auto insurance companies.
- Theft Prevention Discount - Cars, trucks, and SUVs with anti-theft systems prevent vehicle theft so companies will give you a small discount.
- Payment Discounts - If paying your policy premium upfront rather than paying monthly you could save up to 5%.
- Air Bags and Passive Restraints - Vehicles equipped with air bags can qualify for discounts as much as 30%.
- Discount for New Cars - Buying insurance coverage on a new vehicle is cheaper since new vehicles have better safety ratings.
A quick disclaimer, most discount credits are not given to the entire cost. Most cut the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like adding up those discounts means a free policy, companies don't profit that way.
Popular auto insurance companies and their offered discounts are detailed below.
- 21st Century policyholders can earn discounts including student driver, air bags, homeowners, driver training, defensive driver, and automatic seat belts.
- Progressive offers premium reductions for online quote discount, homeowner, online signing, continuous coverage, good student, and multi-vehicle.
- State Farm may have discounts that include student away at school, defensive driving training, accident-free, passive restraint, and multiple autos.
- Nationwide has savings for accident-free, easy pay, family plan, business or organization, and anti-theft.
- Esurance has discounts for anti-lock brakes, good student, renters, multi-policy, safety device, defensive driver, and claim free.
- The Hartford offers discounts including defensive driver, good student, air bag, vehicle fuel type, and bundle.
When comparing rates, check with every prospective company to give you their best rates. Some credits may not apply to policyholders in your area. To find auto insurance companies who offer auto insurance discounts in Colorado, follow this link.
Local neighborhood agents and insurance
A lot of people just want to talk to a local agent and that is not a bad decision Good agents will help you protect your assets and help file insurance claims. One of the best bonuses of price shopping on the web is you may find the lowest rates and still have a local agent.
To find an agent, once you fill out this short form, the coverage information is submitted to local insurance agents who will gladly provide quotes and help you find cheaper coverage. It simplifies rate comparisons since you won't have to do any legwork because quoted prices will be sent directly to your email. If you wish to quote rates from a specific insurance provider, you just need to find their quoting web page to submit a rate quote request.
Finding the right insurance company shouldn't rely on just a low price. These are some questions you should get answers to.
- What insurance company do they write the most business with?
- What insurance companies do they work with in Fort Collins?
- Are you getting all the discounts the company offers?
- What insurance companies do they recommend if they are an independent agent?
- Are they actively involved in the community?
- Do they review policy coverages at every renewal?
Exclusive and independent Fort Collins auto insurance agents
If you need to find local Fort Collins agents, there are two different types of agents and how they operate. Insurance agents in Fort Collins can be categorized as either independent (non-exclusive) or exclusive. Both can provide insurance policies, but it is a good idea to know the differences since it may influence which type of agent you select.
Exclusive Insurance Agencies
Exclusive agents write business for a single company and some examples include American Family, State Farm, and AAA. They generally cannot compare other company's rates so it's a take it or leave it situation. They are very knowledgeable on the products they sell which can be an advantage.
Shown below is a short list of exclusive insurance agencies in Fort Collins willing to provide comparison quotes.
American Family Insurance - Terry Danielson Agency Inc
732 S Lemay Ave b - Fort Collins, CO 80524 - (970) 226-0919 - View Map
Independent Insurance Agents
Agents in the independent channel are not locked into one company so they can quote policies with multiple insurance companies and find the cheapest rate. If they find a cheaper price, your agent can switch companies and you don't have to do anything. When comparison shopping, it's recommended you include rate quotes from a few independent agents for the best price selection.
Listed below is a list of independent agents in Fort Collins willing to provide price quotes.
Do I need special coverages?
When selecting the right insurance coverage, there really isn't a perfect coverage plan. Your needs are not the same as everyone else's.
These are some specific questions might help in determining if you would benefit from professional advice.
- Will my Toyota Corolla be repaired with OEM or aftermarket parts?
- How do I buy GAP insurance?
- Is my custom stereo system covered?
- What happens if I owe more than my Toyota Corolla is worth?
- What is the ISO rating for a Toyota Corolla?
- Am I covered while delivering pizza?
If you're not sure about those questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form. It is quick, free and can help protect your family.
Quote more to save more
Low-cost Toyota Corolla insurance in Fort Collins is definitely available online in addition to local insurance agencies, and you should be comparing both in order to have the best chance of saving money. A few companies may not provide online price quotes and most of the time these small insurance companies only sell coverage through local independent agencies.
Drivers leave their current company for any number of reasons including policy non-renewal, delays in paying claims, being labeled a high risk driver or even lack of trust in their agent. Regardless of your reason, finding a new company is not as hard as you think.
While you're price shopping online, you should never sacrifice coverage to reduce premiums. There are a lot of situations where an insured dropped uninsured motorist or liability limits and found out when filing a claim that the small savings ended up costing them much more. The proper strategy is to get the best coverage possible at the lowest possible cost, but don't skip important coverages to save money.
- Preventing Carjacking and Theft (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance Quotes for Drivers Under 25 in Colorado? (FAQ)
- Who Has Cheap Car Insurance for a Nissan Sentra in Colorado? (FAQ)
- Who Has the Cheapest Colorado Car Insurance for a Chevrolet Cruze? (FAQ)
- What Auto Insurance is Cheapest for Single Moms in Colorado? (FAQ)
- Uninsured Motorist Statistics (Insurance Information Institute)
- Warning systems don't curb driver distraction (Insurance Institute for Highway Safety)
- How do I File a Claim? (Insurance Information Institute)
- Teen Driver Licensing Information (iihs.org)