How long has it been since the last time you looked for cheaper Land Rover LR2 insurance in Aurora? Have you had enough of paying out the nose to make your car insurance payment? You have the same problem as millions of other consumers.
It goes without saying that insurance companies don’t want their policyholders to compare prices. Insureds who shop around for better prices are inclined to switch companies because there is a good probability of finding a cheaper policy. A recent study showed that consumers who compared rates once a year saved as much as $3,400 over four years as compared to drivers who never shopped around for cheaper prices.
If finding the cheapest price for Land Rover LR2 insurance in Aurora is the reason you’re reading this, then learning about the best way to shop and compare insurance can help make the process easier.
How to buy cheaper Land Rover LR2 insurance in Aurora
Truthfully, the best way to find affordable Land Rover LR2 insurance in Aurora is to regularly compare quotes from insurance carriers who provide auto insurance in Colorado. This can be done by following these steps.
Step 1: Try to comprehend how your policy works and the things you can control to lower rates. Many rating criteria that cause high rates such as speeding tickets, careless driving and an imperfect credit history can be rectified by paying attention to minor details.
Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO and Allstate, while agents who are independent can provide rate quotes from many different companies.
Step 3: Compare the new rate quotes to your current policy premium and see if you can save money. If you find a lower rate quote, ensure there is no coverage lapse between policies.
Step 4: Notify your agent or company to cancel the current policy and submit payment along with a signed and completed policy application to your new insurance company. As soon as you receive it, keep the new proof of insurance certificate somewhere easily accessible.
An important note is to try to compare identical deductibles and limits on every price quote and and to analyze as many companies as possible. This ensures the most accurate price comparison and maximum price selection.
Online insurance companies like GEICO, Farmers Insurance and State Farm persitently shower you with fancy advertisements and it is challenging if not impossible to not get sucked in by the cute commercials and do the work needed to find the best deal.
The best way we recommend to get policy rate comparisons for Land Rover LR2 insurance in Aurora takes advantage of the fact most of the bigger providers allow for online access to give you rate quotes. To start a quote, the only thing you need to do is give them some information like the ages of drivers, if you lease or own, marital status, and if a SR-22 is needed. The data is sent automatically to multiple companies and you should receive rate quotes immediately.
To check Land Rover LR2 insurance prices now, click here and see if a lower rate is available in Aurora.
The companies shown below are our best choices to provide free quotes in Aurora, CO. If you want to find the cheapest car insurance in Colorado, we recommend you get rate quotes from several of them to get the best price comparison.
Auto insurance in Colorado serves several purposes
Even though it’s not necessarily cheap to insure a Land Rover in Aurora, buying auto insurance may not be optional for several reasons.
First, the majority of states have mandatory liability insurance requirements which means you are required to carry a specific level of liability insurance if you drive a 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.
Second, if your car has a lienholder, it’s guaranteed your bank will have a requirement that you have insurance to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Land Rover at a much higher rate and force you to pay much more than you were paying before.
Third, auto insurance protects both your assets and your vehicle. It will also cover medical bills incurred in an accident. Liability coverage also covers legal expenses if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, your auto insurance policy will pay to repair the damage minus the deductible amount.
The benefits of having auto insurance are definitely more than the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver is overpaying over $825 a year so compare rates at every renewal to be sure current rates are still competitive.
Rates and statistics
The table displayed below outlines detailed analysis of rate quotes for Land Rover LR2 models. Having a better idea how auto insurance prices are established is important to be able to make informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR2 | $262 | $448 | $330 | $20 | $98 | $1,158 | $97 |
| LR2 HSE | $262 | $448 | $330 | $20 | $98 | $1,158 | $97 |
| LR2 HSE Luxury | $262 | $448 | $330 | $20 | $98 | $1,158 | $97 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rate quotes do not factor in your specific Aurora location which can alter premium rates significantly.
Physical damage deductibles
One of the more difficult decisions when buying insurance is how high or low should comp and collision deductibles be. The comparisons below can help illustrate the premium difference when you buy lower versus higher comp and collision deductibles. The first rate table uses a $100 physical damage deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR2 | $380 | $644 | $352 | $20 | $106 | $1,527 | $127 |
| LR2 HSE | $380 | $644 | $352 | $20 | $106 | $1,527 | $127 |
| LR2 HSE Luxury | $380 | $644 | $352 | $20 | $106 | $1,527 | $127 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR2 | $278 | $434 | $352 | $20 | $106 | $1,190 | $99 |
| LR2 HSE | $278 | $434 | $352 | $20 | $106 | $1,190 | $99 |
| LR2 HSE Luxury | $278 | $434 | $352 | $20 | $106 | $1,190 | $99 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rate information does not factor in specific Aurora garaging location which can modify auto insurance rates significantly.
Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you roughly $28 more each month or $336 every year across all Land Rover LR2 models than quoting the higher $500 deductible. Due to the fact that you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at least 14 months between claim filings, you would more than likely save some money if you elect the higher deductible.
The information below demonstrates how choosing different deductibles and can change Land Rover LR2 insurance costs for each age group. The data assumes a married male driver, full coverage, and no additional discounts are factored in.
Violations and accidents raise rates
The diagram below illustrates how violations and at-fault fender-benders can increase Land Rover LR2 insurance costs for different ages of insureds. The costs are based on a single male driver, full coverage, $500 deductibles, and no other discounts are factored in.
Does full coverage make sense?
The example below shows the difference between Land Rover LR2 auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no claims or driving violations, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.
Are you wasting money on full coverage?
There is no definitive formula to stop buying full coverage, but there is a general convention. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s pretend your Land Rover LR2 book value is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $3,000 after the deductible is paid. If premiums are more than $300 annually for full coverage, then it may be the right time to buy liability only.
There are some circumstances where dropping full coverage is not a good plan. If you still have a lienholder on your title, you have to carry full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.
Discount Aurora car insurance rates
Some companies don’t always publicize all available discounts very well, so we took the time to find a few of the more common as well as some of the hidden discounts that you may qualify for. If you do not double check each discount possible, you may be paying too high a price.
- Auto/Life Discount – Larger insurance companies have a lower car insurance rate if you buy auto and life insurance together.
- Low Mileage Discounts – Driving less may enable drivers to earn substantially lower prices.
- Anti-theft System – Cars, trucks, and SUVs equipped with anti-theft or alarm systems prevent vehicle theft and can earn a small discount on your policy.
- Multiple Cars – Buying coverage for several vehicles on one policy qualifies for this discount.
- Discounts for Good Drivers – Safe drivers could pay up to 40% less than their less cautious counterparts.
- Braking Control Discount – Vehicles that have anti-lock braking systems can avoid accidents and will save you 10% or more on LR2 insurance in Aurora.
- No Charge for an Accident – This one is not really a discount per se, but a few companies such as GEICO and Allstate allow you one accident without the usual rate increase if you have no claims prior to the accident.
- Good Student – A discount for being a good student can be rewarded with saving of up to 25%. You can use this discount normally up to age 25.
- Home Ownership Discount – Just owning your own home can help you save on car insurance since home ownership demonstrates responsibility.
- Early Signing – Some insurance companies provide a discount for buying a policy before your current LR2 insurance policy expires. The savings is around 10%.
A quick disclaimer, most of the big mark downs will not be given to the whole policy. Most only apply to specific coverage prices like collision or personal injury protection. Despite the fact that it seems like it’s possible to get free car insurance, car insurance companies aren’t that generous.
The example below illustrates the difference between Land Rover LR2 insurance prices with and without discounts applied to the rates. The data is based on a male driver, no driving violations, no at-fault accidents, Colorado state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, marriage, safe-driver, and multi-car discounts applied.
Companies that may offer some of the discounts shown above include:
When getting free Aurora auto insurance quotes, it’s a good idea to every insurance company which credits you are entitled to. Some of the earlier mentioned discounts may not apply to policyholders in your area. To locate providers who offer car insurance discounts in Colorado, click here to view.
Insurance can get complicated
When quoting and comparing your policy for your personal vehicles, there really is no cookie cutter policy. Your needs are unique to you and your insurance should unique, too.
Here are some questions about coverages that might point out whether your personal situation will benefit from professional help.
- Do I have ACV or replacement cost coverage?
- Am I covered when driving on a suspended license?
- What is an adequate liability insurance limit?
- Should I waive the damage coverage when renting a car?
- Does every company file a SR-22 automatically?
- Do all my vehicles need collision coverage?
- I have health insurance so do I need medical payments coverage?
If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.