Motorists in Colorado are working harder than ever to save money on their car insurance quotes. Despite the growing number of resources available by which auto insurance can be purchased, there are still a series of effective tips that consumers should be prepared to follow in order to find the best possible deals at exactly the right price.
Initially, motorists should establish the basic levels of mandatory insurance required for the state. In Colorado, it is illegal to operate a motor vehicle without carrying the following levels of coverage:
- $25,000 worth of bodily injury liability per person
- $50,000 worth of bodily injury liability per accident
- $15,000 worth of property damage liability
It is important to note that there are no mandatory requirements for uninsured/underinsured motorist coverage, personal injury protection, medical payments or collision damage insurance although these can be purchased as additional features on any basic policy. Statistically, most Colorado residents increase liability coverage on their car insurance quotes to $100,000/$300,000 for bodily injury liability and $100,000 for property damage liability.
The basic minimum levels of coverage supplied on auto insurance quotes can be misleading in terms of the type of protection they provide. If liability costs exceed those stated within the terms and conditions of a policy, the consumers will be expected to meet any shortfall in costs after a road traffic accident.
The importance of shopping around for the best possible deals should never be ignored and there are a number of different resources available that give consumers a much better chance of securing an affordable deal. Car insurance quotes can be directly obtained from insurance companies, through price comparison websites and from dedicated insurance brokers. There are individual benefits to using any of these options and those with an eye for competitive deal will usually make use of all three.
Discounts are in integral part of securing low cost auto insurance and most companies will apply them automatically once personal details and information pertaining to the insured vehicle have been provided. However, some traders choose to hold back discounts in a bid to maximize the profits so it is always advisable to ask for reduction if consumers feel the price they are being offered is excessive.
Insurance bundling has become an incredibly popular option in recent years and this should be a major consideration when car insurance quotes are being applied for. If a motorist pools all of their insurance requirements with a single company, there will be a significant overall drop in cost because of the discounts applied. Home insurance and travel insurance are just two of the many options that can be added to an auto insurance deal.
Other typical areas where money can be saved include the maintenance of a safe driving history, establishing a good credit score, avoiding claims for minor damage and limiting the amount of mileage covered over the course of a single year. If motorists apply themselves effectively, auto insurance quotes can fall significantly.