Best Cheap Car Insurance Quotes for Teachers in Colorado

The words “low-priced” and “insurance” probably shouldn’t be used together, specifically when searching for the cheapest coverage for teachers. Let’s go over a few of the things that influence car insurance rates, and come up with some ideas to lower the cost of the next policy you buy.

Finding decent, cheap auto insurance is not the easiest thing to do, and finding out which companies offer the best insurance rates for teachers calls for more quotes for comparison. Coverage prices may be slightly less expensive than the average policy in Colorado, with the lower price attributed to the potential for fewer claims related to selling insurance for teachers and educators. Economical coverage should be easily found from many insurance companies.

Every insurance provider uses a different method to set premium rates, so let’s begin by taking a look at the insurance companies with the overall cheapest rates in Colorado. It’s a good idea to know that Colorado insurance rates are impacted by many factors which can substantially change the cost of your policy. Things like getting older, buying a different vehicle, or getting a ticket for running a stop sign may cause policy rate changes that can cause some rates to be cheaper than competitors.

Best Car Insurance Prices for Educators

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The Hartford normally has some of the cheapest car insurance rates in Colorado at around $850 a year. Grange, USAA, Nationwide, and GEICO also rank well as some of the cheapest Colorado car insurance companies.

As depicted above, if you have coverage with Grange and switched to The Hartford, you could see annual savings of roughly $128. Colorado drivers with USAA could save as much as $159 a year, and Nationwide customers might reduce rates by $259 a year.

Remember that these policy prices are averaged for all insureds and vehicles and do not factor in a rate discount for teachers. So the company that fits you best may not even be included in the list of companies above. That emphasizes why you need to compare as many prices as possible using your own personal information and vehicle type.

For Colorado drivers, one of the considerations that affect car insurance rates is your address. Densely populated urban areas like Pueblo, Lakewood, and Colorado Springs will most likely have higher rates, whereas areas with less crime or weather claims tend to receive slightly lower rates.

The information below sorts the priciest cities in Colorado for teachers in which to buy car insurance.

Annual rates are comparative as the garaging address in Colorado can modify price quotes significantly.

Rate comparison of full coverage and liability-only

Finding the best cheap auto insurance for teachers in Colorado is important to the majority of vehicle owners, and one great way to buy cheap insurance is to not buy full coverage. The chart below visualizes the comparison of car insurance costs with and without physical damage coverage. The data assumes no violations or accidents, $500 deductibles, drivers are single, and no discounts are taken into consideration.

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Averaged out for all age groups, comprehensive and collision coverage on your policy costs an additional $1,813 per year more than just buying liability only. At some point, almost every driver questions if it’s worth it to buy full coverage. There is no clear-cut rule for excluding comp and collision coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

Cheap insurance quotes for teachers and educators

You have many ways to compare insurance prices in Colorado, but the most preferred are from an exlusive agent like State Farm or Allstate, an independent or non-exclusive agent, or from a direct company like Progressive or Geico. Each way has the same basic process, but buyers need to know the differences in how they give price quotes.

Independent agents work with multiple companies and can get rate quotes from each one. Agents of this type are not required to write business for one company and can quote rates with many companies, which can give you a better chance of saving money. If the agent locates a cheaper price, the agent simply finds a different carrier and the insured can keep the same agent.

Exclusive agencies are usually just provide rates from a single company, two popular examples being State Farm and Allstate agents. These agents are unable to shop your coverage around, so if finding the cheapest coverage is your goal, you will need to shop around.

Opting to purchase insurance direct means you bypass an independent or exclusive agent and instead shop buying direct from a company like Geico or Esurance. Shopping for insurance direct may be the best choice people who do not have a complex risk profile and have a good understanding of the limitations of insurance.

So which of those three methods works best to find the best cheap auto insurance for teachers in Colorado? The majority of people assume that buying direct saves the most money because there isn’t an agent involved, but unfortunately, that is not the case. And we’d like to say buying from an independent agent is the best way to go due to increased selection, but that assumption is not true either. For some people, exclusive agents have price quotes that are well below what direct and independents offer.

Because there are so many factors that make up insurance rates, the one way to ensure you are not overpaying is to get rate quotes and compare. Make the effort to get price quotes from all three to have a good selection of rates to choose from. For a list of companies offering online discounts in Colorado, click here to view.