You Auto Check Out These Tips for Saving on Car Insurance

These days, car insurance premiums are accelerating faster than a Hennessy Venom GT, a supercar that can reach a speed of 186 mph in less than 10 seconds. According to a brief article in Kiplinger's Personal Finance (available with your library card through Academic Search Premier), "From 2012 to 2017, the consumer price index for auto insurance rose by 21.5%—the largest five-year increase in auto insurance costs since the early 1990s, says Ting Pen, of Value, which analyzes financial data." 

The news is even worse for those of us in the Rocky Mountain region. According to a recent report from the Zebra, an interactive website that compares car insurance quotes, auto insurance premium rates in the Rocky Mountain region have gone up nearly 50% since 2011, the highest increase by far in the U.S.

Why the increase in rates? Our record-setting hailstorm last spring, lower gas prices, anarchy on the highways, and a significant population increase are all contributing factors.  

But there are strategies to get the best deal possible on auto insurance:  

  1. Compare Colorado insurance premium rates with the Department of Regulatory Agency's interactive online report, or with the Zebra.  
  2. Turn off your cell phone. According to the National Safety Council, 26% of crashes involve drivers talking and texting on cell phones, a conservative estimate since cell phone usage is under-reported. All of those car repairs and medical bills have contributed to the increase in premiums.  
  3. One of the benefits of maintaining a good credit rating is lower auto insurance rates—studies show that there's a correlation between poor credit ratings and costs to the insurance company.
  4. Low mileage discounts don't affect rates much unless you drastically reduce the amount that you drive, according to this report from, but some insurers offer a multi-policy discount if you buy two or more types of insurance, or if all of your vehicles are covered by their company.    
  5. Good driver discounts. Many large carriers offer lower rates for continuing customers who go for a certain number of years without an accident or major violation.  
  6. If you have a good driving record, consider increasing the deductible on your collision coverage. Raising the deductible from $200 to $500 can reduce the premium for collision up to 30%, while raising it to $1000 could save you up to 40%, according to Consumer Reports.  

Got questions? Ask Us or call Reference Services at 720-865-1363! 


Written by Lisa on April 11, 2018


FrankW on April 12, 2018


Really great post Lisa! You auto be proud of the title too!! :-)

SuzanneK on April 12, 2018


Very clever title, Lisa!

Nanette on April 15, 2018


I like the "backseat driver" bunny in the picture!

GenineP on April 17, 2018


Great tips, Lisa!

Anonymous on April 18, 2018


How timely! I was just wondering if I should switch car insurance companies because my rate has gone up significantly over the last 2 years.

Rachelle Berven on June 8, 2018


I am currently with State Farm. My rate is still the same as I've been with them for a little over 3 years and am an older female driver...No accidents in the past 6 years either...

Sharon Smith on December 7, 2018


It was nice to know that you can be offered lower insurance rates if you have a good credit rating based on studies. My husband and I are planning to shop for a car insurance policy. We want to make sure that we can get discounts to be able to stick to our monthly budget for expenses. We'll consider getting the copies of our credit history. Thanks!

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