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.

Insurance for Jeep CompassIf 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.

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.

Jeep Compass Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $146 $236 $352 $20 $106 $860 $72
Compass Sport 4WD $168 $288 $352 $20 $106 $934 $78
Compass Limited 2WD $168 $288 $352 $20 $106 $934 $78
Compass Limited 4WD $168 $288 $352 $20 $106 $934 $78
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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.

Jeep Compass insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $236 $376 $352 $20 $106 $1,115 $93
Compass Sport 4WD $272 $458 $352 $20 $106 $1,233 $103
Compass Limited 2WD $272 $458 $352 $20 $106 $1,233 $103
Compass Limited 4WD $272 $458 $352 $20 $106 $1,233 $103
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Jeep Compass insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $192 $304 $352 $20 $106 $974 $81
Compass Sport 4WD $220 $368 $352 $20 $106 $1,066 $89
Compass Limited 2WD $220 $368 $352 $20 $106 $1,066 $89
Compass Limited 4WD $220 $368 $352 $20 $106 $1,066 $89
Get Your Own Custom Quote Go

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.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $101
Average monthly premium for $500 deductibles (subtract): – $87
Monthly savings from raising deductible: $14
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

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.Auto insurance discounts

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.

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.

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.

Find insurance agent in AuroraOnce 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.

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.

18511 E Hampden Ave #210Aurora, CO 80013(303) 699-8883View Map

6155 S Main St #240Aurora, CO 80016(303) 680-7777View Map

2260 S Xanadu Way Ste 257Aurora, CO 80014(303) 750-6508View Map

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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.

2222 S Fraser St Unit 4Aurora, CO 80014(303) 368-5839View Map

A Complete Auto Insurance Agency
543 Sable BlvdAurora, CO 80011(303) 650-0060View Map

4093 S Olathe CtAurora, CO 80013(303) 693-1936View Map

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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.

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