Auto Insurance

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Why Lakewood Insurance Is The Right Choice For Your Auto Insurance:

The only way to ensure you have the right insurance coverage you need without paying too much in premium is to work with an independent insurance agent.   We are able to obtain multiple-money saving quotes from a variety of insurance carriers, review your options, and help you select the best policy for you and your family.

Colorado Auto Insurance Premium Saving Tips & Tricks

You know auto insurance helps protect you and your family in the event of an auto-related claim, but what most people don’t know is there are some little-known tips and tricks that will help you decrease your premium:

  1. Drive Less. It’s no surprise that the longer you go without a traffic citation or claim, the lower your premium will be.  Did you know, though, that by decreasing the amount of miles you drive per year will actually decrease your premium as well?
  2. Compare Options. The year, make, and model of your vehicle can have a dramatic effect on your premiums as well.
  3. Bundle Your Policy. Many companies will provide significant discounts (up to 35%) for bundling your home and auto insurance policies together into one policy.   By adding your motorcycle, boat, or RV, you can increase those discounts as well.
  4. Additional Discounts. Insurance companies will often provide a number of additional discounts you may not even know are available to you.  These include good-student discounts, safe driver discounts, payment in full discounts, and multiple vehicle discounts.
  5. Higher Deductible. By choosing a higher deductible you can decrease your monthly premiums.  Keep in mind, though, that a higher deductible means you will have to pay higher out-of-pocket expenses in the event of a claim.


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Auto Insurance Coverage Glossary

To help you determine the coverage you need, below are the most common auto insurance terms and their definitions.

  • Liability Coverage: Generally covers bodily injury and property damage you cause to others.
  • Uninsured Motorist Coverage: Covers you and your passengers in an accident where the other driver does not have auto insurance coverage.
  • Medical Payments: Coverage for medical payments when you or your passengers are injured in an accident.
  • Underinsured Motorist Coverage: Coverage for you and your passengers if you are injured in an accident and the other driver has insurance limits less than what you are currently carrying.
  • Collision: Covers loss to your vehicle when damage is caused by an object such as another vehicle or an animal.
  • Comprehensive: Covers loss to your vehicle caused by an event other than a collision such as hail or a crack in the windshield.
  • Rental Reimbursement: Covers the cost of a rental vehicle while your vehicle is being repaired or recovered.
  • Towing & Labor: Covers the cost of towing a vehicle and the labor required if your vehicle becomes disabled.