Average Insurance Costs:
- Liability-Only Coverage: On average, drivers of a 2006 Scion tC pay approximately $88 per month for liability-only insurance.
Factors Influencing Premiums:
- Driving Record: A clean driving history can lead to lower premiums, while violations or accidents may increase costs.
- Location: Urban areas with higher traffic density may have higher insurance rates compared to rural areas.
- Age and Experience: Younger or less experienced drivers often face higher premiums.
- Credit Score: In many states, including Colorado, insurers may consider credit scores when determining premiums.
Coverage Recommendations:
While liability-only coverage meets the minimum legal requirements in Colorado, it only covers damages to others if you’re at fault in an accident. It does not cover damages to your own vehicle. Given the age of your 2006 Scion tC, you might opt for liability-only coverage to save on premiums, especially if the vehicle’s market value is low. However, if your vehicle holds significant value or you prefer additional protection, consider comprehensive and collision coverage.
 22, Male, Single, Colorado Springs, Colorado |
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| Year/Make Model: 2006 Toyota Scion TC |
| Ownership Status: Owned |
| Discounts: Paperless, Automatic Payments via bank draft |
| Selected Coverages With Progressive |
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| Bodily Injury Liability: $25,000 per person/$50,000 per accident |
| Property Damage Liability: $25,000 |
| Other Rejected Coverages: Uninsured/Underinsured Motorist, Medical Payments, Comprehensive, Collision, Rental Reimbursement, Roadside Assistance |
Young driver who was needing his own auto policy. He owns the vehicle and did have an accident free driving record. However due to his age his rates were a little higher, which he did expect. Age is a big factor when it comes to the cost of auto insurance.
Please note that this is only meant as an example and prices may vary depending on several factors.
Total 6 Month Premium: $1627.50
Monthly Installments: $260.32
Next Steps:
- Gather Vehicle Information: Have your vehicle identification number (VIN), current mileage, and any existing safety features noted.
- Assess Your Coverage Needs: Determine whether liability-only coverage suffices or if additional coverage aligns better with your financial situation and risk tolerance.
- Compare Quotes: Utilize online tools to compare rates from multiple insurers. For instance, Progressive offers a coverage calculator to help estimate your insurance needs. progressive.com
- Consult with an Insurance Agent: An agent can provide personalized advice, help identify potential discounts, and assist in tailoring a policy that best fits your circumstances.
By carefully evaluating your options and comparing quotes, you can secure liability-only coverage for your 2006 Scion tC at a competitive rate in Colorado.
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