Best Ways to Save on Aurora Jeep Compass Insurance

It’s easy to assume that auto insurance companies don’t want you to compare rates. People who shop for lower rates are likely to move their business because there is a good probability of finding a policy with better rates. A recent insurance study discovered that drivers who compared price quotes annually saved approximately $70 a month compared to other drivers who never shopped around for cheaper prices.

If saving money on car insurance is your ultimate goal, then knowing how to shop and compare insurance rates can make the process less intimidating.

If you want to save the most money, the best way to find low-cost Jeep Compass insurance is to do an annual price comparison from insurers who provide auto insurance in Aurora.

• Step 1: It will benefit you to learn about how auto insurance works and the things you can change to drop your rates. Many factors that result in higher rates like tickets, at-fault accidents, and a poor credit rating can be controlled by being financially responsible and driving safely.
• Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like GEICO or Farmers Insurance, while independent agents can give you price quotes for a wide range of companies.
• Step 3: Compare the quotes to your existing policy to determine if you can save on Compass insurance in Aurora. If you find a better price and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
• Step 4: Tell your current company of your intent to cancel your current car insurance policy. Submit the required down payment along with the signed application for the new coverage. Once received, safely store the certificate verifying coverage above your visor, in the console, or in the glove compartment.

One piece of advice is to make sure you’re comparing the same amount of coverage on every price quote and and to analyze as many different companies as possible. This helps ensure a level playing field and the best rate selection.

Locating the most cost-effective insurance policy in Aurora is quite easy if you know the best way to do it. If you are already insured, you will most likely be able to reduce the price you pay using the ideas you’re about to read. But Colorado drivers do need to understand how the larger insurance companies charge you for coverage because rates are impacted by many factors.

Best companies for competitive Jeep Compass insurance in Colorado

The auto insurance companies shown below can provide free rate quotes in Colorado. If you want to find cheap auto insurance in Colorado, it’s highly recommended you visit two to three different companies in order to get a fair rate comparison.

Rates and data analysis

The rate information shown next highlights detailed analysis of rate quotes for Jeep Compass models. Understanding how prices are determined can help you make smart choices when selecting a coverage provider.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Rates do not factor in vehicle garaging location which can raise or lower rates considerably.

Analysis of deductible levels

One of the hardest decisions when shopping for auto insurance is the level to set your comp and collision deductibles. The premium rates below show the differences in premium rates of buying low and high physical damage deductibles. The first rate estimation uses a $250 deductible for physical damage and the second price chart uses a $500 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rates do not factor in specific Aurora garaging location which can affect rates considerably.

Based on this data, using a $250 deductible will cost you roughly $14 more each month or $168 a year across all Jeep Compass models than opting for the higher $500 deductible. Because you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you have at least 18 months between claims, you would save money going with the higher deductible.

The diagram below highlights how deductible selection and can affect Jeep Compass insurance prices for each age group. The data assumes a married female driver, comprehensive and collision coverage, and no policy discounts are applied.

How careless driving impacts auto insurance rates

The diagram below illustrates how violations and accidents influence Jeep Compass insurance premiums for different age groups. The price estimates are based on a single male driver, comp and collision included, $500 deductibles, and no discounts are applied.

Rate comparison of male drivers versus female drivers

The information below visualizes the comparison of Jeep Compass insurance costs for male and female drivers. The costs are based on no claims or driving violations, comp and collision included, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

Does full coverage make sense?

The example below compares Jeep Compass auto insurance rates when comparing full coverage to liability only. The prices are based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no discounts are applied.

When to stop buying full coverage

There is no specific rule to drop full coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Jeep Compass replacement value is $7,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $6,000 after the policy deductible has been paid. If you are paying in excess of $600 a year for full coverage, then it may be the right time to buy liability only.

There are some circumstances where buying only liability insurance is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

Save money by taking advantage of discounts

Not many people think insurance is cheap, but you might find some hidden discounts that you may not know about. Certain discounts will be applied at the time of purchase, but once in a while a discount must be requested specifically before you will receive the discount.

• Claim Free – Claim-free drivers can save substantially as compared to accident-prone drivers.
• Savings for New Vehicles – Buying insurance on a new vehicle may earn a small discount because newer vehicles are generally safer.
• Discount for Life Insurance – Companies who offer life insurance give lower prices if you buy life insurance from them.
• Theft Deterrent Discount – Vehicles that have factory alarm systems and tracking devices can help prevent theft and will save you 10% or more on Compass insurance in Aurora.
• Discounts for Federal Employees – Simply working for the federal government could provide a small rate reduction with select insurance companies.
• Multi-policy Discount – If you have multiple policies and insure them both with the same insurance company you could save up to 20% and get you the cheapest Jeep Compass insurance in Aurora.
• E-sign Discounts – Some larger companies give back up to $50 for buying your policy online.
• Air Bags and Passive Restraints – Vehicles equipped with air bags or motorized seat belts can get savings of 20% or more.
• Onboard Data Collection – Aurora drivers who agree to allow their company to track driving habits remotely like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates as long as they are good drivers.
• Own a Home and Save – Owning a home in Aurora may earn you a small savings since owning and maintaining a home shows financial diligence.

Just know that some of the credits will not apply to your bottom line cost. Most only cut the cost of specific coverages such as comp or med pay. Just because it seems like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.

The information below shows the difference between Jeep Compass car insurance rates with and without discounts applied to the policy premium. The rates are based on a male driver, no accidents or driving violations, Colorado state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-policy, safe-driver, claim-free, and multi-car discounts applied.

Large auto insurance companies and their offered discounts are detailed below.

• Mercury Insurance includes discounts for location of vehicle, type of vehicle, multi-car, professional/association, low natural disaster claims, good driver, and age of vehicle.
• Farmers Insurance offers discounts including electronic funds transfer, good student, alternative fuel, mature driver, distant student, youthful driver, and homeowner.
• Farm Bureau has savings for renewal discount, multi-policy, 55 and retired, good student, safe driver, youthful driver, and driver training.
• State Farm may offer discounts for passive restraint, anti-theft, good student, accident-free, good driver, and multiple policy.
• Allstate discounts include good student, new car, resident student, FullPay discount, farm vehicle, and passive restraint.
• GEICO may have discounts that include membership and employees, defensive driver, five-year accident-free, anti-theft, multi-policy, and emergency military deployment.

Double check with every company to give you their best rates. Discounts might not be offered on policies everywhere. To locate providers that provide some of the discounts listed above in Colorado, click here.

You Can Change Your Insurance Rates

An important part of buying insurance is that you know the rating factors that play a part in calculating the rates you pay for car insurance. If you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that can help you get lower premium levels. Many things are considered when you get a price on insurance. Some factors are common sense such as your driving record, but other factors are less obvious like your vehicle usage or your financial responsibility.

The list below includes a few of the things used by your company to calculate your rates.

• Do you really need the incidental coverages? – There are a lot of extra add-on coverages that sound like a good idea at the time on your Compass policy. Coverage for things like roadside assistance, accidental death, and motor club memberships could be just wasting money. These coverages may sound good when talking to your agent, but if you don’t need them eliminate the coverages to reduce your premium.
• Premiums are affected by your credit rating – Having a bad credit history can be an important factor in determining what you pay for car insurance. So if your credit history is low, you could pay less to insure your Jeep Compass by improving your credit score. People with very high credit ratings tend to be better risks to insure as compared to drivers with lower credit scores.
• Getting married is a bonus – Your spouse may earn you lower rates when buying car insurance. Having a significant other demonstrates that you tend to be more responsible and it’s proven that married couples file fewer claims.
• Reduce prices by driving safer cars – Vehicles that have high safety ratings get lower rates. Safe vehicles reduce the chance of injuries and fewer serious injuries means your insurance company pays less passed on to you as lower rates. If your Jeep has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
• Liability insurance risk factors – Your policy’s liability coverage is the coverage that protects you when you are determined to be liable for damages caused by your negligence. This coverage provides for a legal defense which can be incredibly expensive. It is affordable coverage compared to insuring for physical damage coverage, so do not cut corners here.
• Do you qualify for a multi-policy discount? – Most major insurance companies allow a discount to customers that purchase more than one policy, otherwise known as a multi-policy discount. Discounts can amount to ten or even fifteen percent. Even if you’re getting this discount it’s in your best interest to compare other company rates to make sure you are getting the best deal.
• A car insurance policy lapse is a bad thing – Not maintaining insurance can get you a ticket and any future policy may cost more because you let your coverage lapse. And not only will insurance be more expensive, not being able to provide proof of insurance may earn you a fine, jail time, or a revoked license. You may then be required to file a SR-22 with the Colorado department of motor vehicles.
• Car insurance rates and your occupation – Did you know your car insurance rates can be affected by your occupation? Jobs such as real estate brokers, business owners, and dentists tend to pay the highest rates in part from job stress and lots of time spent away from family. Other occupations like actors, students and homemakers pay lower than average rates.

• Loss probability for a Jeep Compass – Insurance companies study historical loss data in order to profitably underwrite each model. Models that are shown to have higher claim frequency or loss amount will have higher rates for specific coverages. The information below illustrates the historical loss data for Jeep Compass vehicles.

  For each coverage type, the claim probability for all vehicles, regardless of make, model or trim level, equals 100. Values under 100 suggest a positive loss record, while values that are above 100 show a trend for more claims or an increased chance of larger losses than average.

  
  

  Jeep Compass Insurance Claim Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Jeep Compass 4dr 2WD	87	135	58	128	124	142
  Jeep Compass 4dr 4WD	76	114	63	99	107	106

  BETTER

  AVERAGE

  WORSE

  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Buying from auto insurance agents

A small number of people would prefer to talk to a local agent and that is just fine! The best thing about getting online price quotes is that you can obtain cheap car insurance quotes and still choose a local agent.

Once you complete this simple form, your information is transmitted to insurance agents in Aurora who can give free rate quotes for your business. You won’t need to leave your computer because quoted prices will be sent directly to your email. You can most likely find cheaper rates without having to waste a lot of time. If you wish to quote rates for a specific company, you just need to find their quoting web page to submit a rate quote request.

Deciding on a provider should depend on more than just a cheap price quote. Any agent in Aurora should be willing to answer these questions.

• Does the agent have professional designations like CIC, CPCU or AIC?
• Will you work with the agent or an assistant?
• Will one accident increase rates?
• What company holds the largest book of business for them?
• When do they do policy reviews?

If you prefer to buy car insurance from an insurance agent, you need to know there are two different types of agents and how they function. Agencies in Aurora may be either exclusive agents or independent agents.

Exclusive Car Insurance Agents

Agents that elect to be exclusive generally can only insure with one company such as State Farm, Allstate, or Farmers Insurance. These agents are unable to give you multiple price quotes so you need to shop around if the rates are high. Exclusive agents are well trained on the products they sell which helps them sell on service rather than price.

The following is a list of exclusive agents in Aurora who can help you get price quotes.

More insurance agents

Independent Car Insurance Agents

Agents that elect to be independent are not limited to a single company and that enables them to quote your coverage with a variety of different insurance companies and help determine which has the cheapest rates. If they quote lower rates, the business is moved internally and you don’t have to switch agencies.

When comparing car insurance prices, we highly recommend that you get several quotes from at least one independent agent for maximum quote selection.

Below is a list of independent insurance agents in Aurora who can help you get rate quotes.

More insurance agents

If you get positive feedback to any questions you have as well as offering an affordable quote, most likely you have located a car insurance agent that can be relied on to service your policy.

Final considerations

As you go through the steps to switch your coverage, do not skimp on coverage in order to save money. In many cases, consumers will sacrifice collision coverage and discovered at claim time that the few dollars in savings costed them thousands. The ultimate goal is to buy a smart amount of coverage for the lowest cost while not skimping on critical coverages.

More affordable car insurance in Aurora can be found on the web as well as from insurance agents, so you need to shop Aurora car insurance with both to have the best chance of lowering rates. Some insurance providers may not provide the ability to get quotes online and these regional insurance providers sell through independent insurance agencies.

We covered many ideas to reduce Jeep Compass insurance prices online in Aurora. The most important thing to understand is the more companies you get rates for, the better likelihood of getting affordable Jeep Compass insurance quotes. You may even find the best price on car insurance is with an unexpected company. These smaller insurers may have significantly lower rates on certain market segments compared to the large companies like State Farm, GEICO and Nationwide.

Other resources

• Distracted Driving Statistics (Insurance Information Institute)
• How Much are Auto Insurance Quotes for High Risk Drivers in Aurora? (FAQ)
• Who Has Affordable Auto Insurance Rates for Inexperienced Drivers in Aurora? (FAQ)
• Who Has the Cheapest Car Insurance Rates for High Mileage Drivers in Aurora? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for Used Cars in Aurora? (FAQ)
• Vehicle Size and Weight FAQ (iihs.org)
• Comprehensive Coverage (Liberty Mutual)
• Choosing an Insurance Company (Insurance Information Institute)