Complete Coverage Discount Car Insurance Misconceptions

As the Recession continues to worsen, and gas prices continue to soar again one can not help but think about all the other needs in our lives that will be impacted. Most of us have to drive to and from work, and looking at what gas prices cost these days, only wish we could begin carpooling or taking public transit.

So the question is, since I reside in a State that makes auto insurance mandatory, how can I discover Discount Auto Insurance? How do I determine I obtain coverage that meets my needs when there are a lot to choose from?

First thing its important to know the minimum coverage accepted by Law for the state you call your home. Colorado requires liability Coverage for each individual driver like most other states, the minimum coverage allowed is $25,000 for each person. The maximum payout for all hurt parties would be $50,000 liability for a single accident. The total property damage liability for a single accident is $15,000. Meaning that you must have as a bare minimum $25,000 per person for injuries caused to another person, up to $50,000 for all people injured in the accident you caused and $15,000 for damage you caused to the other party’s property.

Again these are the lowest amount of coverage allowed by Colorado State Law. When looking for Auto Insurance you should think about getting higher levels of coverage if you have assets to secure. In addition to considering the coverage of your assets, optional coverage such as medical payments, collision, comprehensive and underinsured-uninsured motorist bodily injury coverage may be a safer way to go.

The driving force for how Colorado Car Insurance premiums are determined is based upon state driving records as a whole. What happens is that all the insurance companies take the cost of providing coverage for all state drivers (including claims and legal fees) and divide it between all the drivers in the state. While all the costs should be distributed evenly, that is not what happens.

The percentage paid by you as an individual driver is determined by the following:
• Your driving record
• Your age
• Your logistics
• Type of vehicle you drive

Fact of the matter is, if you are under 25 it does not make a difference what state you call home, it is going to cost more when comparing Free Insurance Quotes. It doesn’t matter if you are driving a Pinto, a Viper or a Mustang GT your age works against you. Black cars and red automobiles cost more to insurance than grey or blue. A sports utility vehicle costs more to insure because they are more like it to be stolen. The concept of installing GPS tracking systems to deter automobile theft is starting to become more common. It would be foolish to the extreme to steal a automobile that can be tracked in a matter of minutes, wouldn’t it? Security systems also lower your automobile insurance costs. Often you may find during the quote form you will be asked whether you will be using your auto for pleasure or work and on average how many miles you will drive. These are all determining factors in what your insurance premium will cost. Obviously by driving more, you increase your chance of having a accident. So do yourself a favor: protect both your assets and your money by comparison shopping before choosing auto insurance.

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