| Q: Who determines the rate for a Colorado | | | | companies from arbitrarily raising rates. Opponents |
| automobile insurance quote? Is it the state or is it | | | | argue that by regulating the companies out of the |
| determined by the car insurance companies? | | | | free market many companies will simply choose |
| A: Currently the auto insurance industry sets the | | | | to leave the state. |
| rate for what they will charge for a policy in | | | | So for now, at least, the Colorado automobile |
| Colorado. A Colorado automobile quote can differ | | | | insurance quote you receive is set by the |
| by hundreds of dollars from company to | | | | insurance industry. Factors that companies take |
| company. There is legislation in Colorado right now | | | | into account before deciding on what your policy |
| that could change this however. the house of | | | | will cost are, whether you're married or not, your |
| representatives is currently debating whether the | | | | credit history, what type of vehicle you drive, and |
| state should have more control over insurance | | | | of course your driving record. |
| costs. | | | | Lastly, we strongly encourage you to take a few |
| Under current state law insurance companies can | | | | minutes to compare auto insurance rates online |
| raise rates simply by notifying the state. Under | | | | from different companies. Comparing quotes is |
| the proposed legislation the insurance industry will | | | | one of the best ways to save money on your |
| have to seek prior approval from the state | | | | automobile coverage, and it is something that |
| before raising rates. Proponents of the legislation | | | | many drivers overlook. |
| claim that the new laws would prevent insurance | | | | |