Lakewood is one of the largest suburbs in Colorado, and is surrounded by a number of highways and freeways, so access to the city is easy and smooth. With one of the best views of the Rocky Mountains, it’s surprising that the cost of living in the city is still almost 3% lower than the state’s average. Because the city is growing though, residents should take the time now to look at all the options for cheap insurance Lakewood companies can offer. As the population increases, there’s a chance that insurance rates will as well, so long in a cheap rate now!
Some things to consider about your auto insurance:
- The number of miles you drive: The more you drive, or the further your commute, the higher your auto insurance rates will be. Lakewood has plenty of options for public transportation which extend into and around nearby Denver. If you can leave your car at home for your daily commute, you can save a great deal on your monthly premiums.
- The crime rate: Depending on where you live in the city, you may pay different rates for comprehensive coverage. A lot of this is based on the number of stolen cars in the city (608 in 2012). If you have an alarm or other anti-theft device in your car, most companies will give you a discount.
- The state’s requirements: Colorado has certain coverage requirements that all drivers must meet. This will set the base rate for your insurance. The price is then calculated on factors like your age, marital status, vehicle, driving record, etc.
The best way to save money is to periodically shop your policy. We recommend doing this every six months at least. It only takes a few minutes, and that way you know you are always paying the best price for your coverage.