Looking for Auto Insurance in Colorado?
Centennial State Insurance Agency has you covered. We can help you secure standard auto insurance in addition to car insurance for collector cars.
Whether you live in Colorado, or any other part of Denver, CO, most people consider car insurance as coverage for damages made to their car. However, car insurance covers much more than just your car.
Given the numerous cars on the road and the increased distractions drivers face every day, the chances of being involved in a car accident are elevated.
You’re at risk every single time you get into your car.
It’s important to understand what your coverage options are: that they can cover both you and your vehicle in addition to anyone who may be injured as a result of driving negligence.
The Need for Sufficient Car Insurance Limits
If you were ever involved in an auto accident and found at-fault for someone else’s bodily injuries, you could literally lose everything if not properly insured.
What many don’t realize is that having great coverage doesn’t necessarily associate with paying higher insurance premiums.
Because Centennial State Insurance Agency is 100% independent, we can take your current coverages and compare them with a wide range of insurance providers to see who offers the best deal possible.
The best part? It doesn’t cost you a penny more to use us. We are compensated by the insurance carriers directly, and work on your behalf to properly cover your needs and exposures, and make sure that there are no hidden gaps in your policy.
No two insurance contracts are the same, and while two policies side-by-side might look the same, the fine print behind the cover page can vary drastically from company to company.
It’s important to partner with someone who truly understands policy contracts to sort through the exclusions and conditions for you, so you can rest easy knowing that you have the best possible coverage at the best price without having to learn legal jargon.
Important Auto Insurance Denver Coverages
When browsing through your policy, you may see certain coverages and wonder what they mean and why they’re on your policy.
Let us clarify a few of the more important ones for you:
This coverage applies to your car in the event you damage the car itself somehow due to an accident with a fixed or moving object. Examples include another car, a curb, a house, or a guard rail.
This coverage also protects your car if something damages your car that is not a fixed or moving object. For example, comprehensive damages include theft, a rock that cracks your windshield while driving on the highway, an animal crossing the street, hail damage, and so on.
Suppose you damage someone’s car in an accident, or hit a guard rail, house, or some other property that belongs to someone else. Property damage coverage compensates the other person for that damage.
Bodily Injury Liability
This coverage protects your financial interest in the event you injure another party in an accident. This is the part of your policy that pays the other party for their medical bills and related expenses.
Due to the high cost of medical care, it’s dangerous to carry liability limits that are too low. However, this is something we can help you decide on based on your specific needs.
Un-insured & Under-insured Liability
This coverage pays you if you are injured by another party, and that other party was either unidentified, or they weren’t carrying a high enough limit of Bodily Injury Liability to cover your expenses. This is also a very important part of your auto policy because you have no control over how much insurance other people are driving around with.
Common Auto Insurance Denver Rating Variables
Insurance companies use your age in their overall rating algorithms. Drivers who are under 25 and over 65 typically don’t get preferred rates because statistics show that those two age demographics have the most loss frequency. Therefore, they are more at risk for financial loss due to an auto accident.
Credit is a metric that has been used in insurance scoring for many years. The better your credit, the more favorable your rates will usually be.
The type of car, engine size, and safety features are all part of determining the rate.
Your driving record and loss history plays a substantial role in the price. If you have a spotty driving history, or multiple moving violations or accidents, chances are, you won’t get a preferred rate until those things are at least 3 years old.
Insurance companies underwrite at the household level, meaning they try to judge based on the entire household, what the probability of loss will be. If there are multiple drivers in the house who are under the age of 25, that will impact everyone’s pricing in the household.
Get Started with a Commitment-Free Auto Insurance Quote Today
Everyone has unique needs, therefore, life insurance a carefully crafted policy. If you are looking for the right auto insurance coverage while living in Denver, CO, our experts at Centennial State Insurance Agency are ready to help!
As Colorado insurance specialists, we understand what it takes to properly insure homes and autos, ensuring you and your family are properly taken care of if disaster were ever to strike.
According to insurance agent Savannah Martin at Centennial State Insurance Agency:
“We understand the unique needs of those located in wildfire areas and work with insurance companies to understand this as well. We can help you with your home, condo, auto, boat, motorcycle, RV, business, or life insurance needs. We pride ourselves in working with our clients and educating them on their insurance needs while providing excellent customer service.”
If you are interested in having us review your current policy and provide you with obligation-free quotes, call our office today or submit some basic information in the fields below so we can get started on your policy review and comparison!