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Really Common Car Insurance Misconceptions

August 13, 2019August 13, 2019 Guest Author

Most people out there do not know much about their car insurance and the different factors that influence it. In reality, there are countless things that can have an impact on how much you can pay. At the same time, different misconceptions appeared in regards to car insurance. The really common misconceptions are presented below based on research done by auto repair Lakewood Colorado. Red Cars Are More Expensive To Insure This is a rumor that has been floating around for way too long but it is a completely false…

Colorado auto insurance study shows drivers in the state aren’t good

December 7, 2016December 5, 2016 Nordstrom

state farm auto insurance losses accident

Motorists in the state are prone to a spectrum of bad habits that make the roads more dangerous. Colorado auto insurance isn’t cheap and for years, people have said the drivers in the state are simply awful. That said, those types of complaints are commonplace in many states. However a recent study has shown that the claims about driving in Colorado may not be wrong. The traffic jams, winter blizzards and potholes in the spring aren’t the only challenge to drivers in Colorado. A new study by QuoteWizard has shown…

Higher health insurance costs are creating pressure for Colorado employers

November 18, 2015November 17, 2015 Marc

Survey highlights the concerns that Colorado businesses are reporting with costly health insurance plans Growing insurance costs are weighing heavily on businesses in Colorado, according to a new survey from Lockton Mountain West Benefit Group. The survey has found that many businesses are becoming increasingly concerned over the rising of health insurance premiums. Those that offer insurance coverage to their employers have been hit with rate increases over the past few years, largely a due to the costs that insurance companies themselves are facing. Cost is the single greatest concern…

Colorado health insurance co-op closes its doors

October 26, 2015October 25, 2015 S.Vagus

State’s co-op has failed to challenge and order to cease operations Colorado’s largest not-for-profit health insurance provider closed its doors earlier this week. Colorado HealthOP, the state’s co-op set up under the Affordable Care Act, did attempt to save itself from the state’s decision to shut it down, but was ultimately unsuccessful in the attempt. The Colorado Division of Insurance has ordered the co-op to stop writing new policies, citing serious financial issues that the insurer has been facing. The state’s co-op is one of several that will be shutting…

Colorado could revolutionize its health insurance system with a single-payer initiative

October 15, 2015October 13, 2015 Logan B.

State residents will have a chance to change how they get their insurance coverage Colorado residents will soon have a chance to determine how their health care in managed. Colorado’s Initiative 20, also referred to as ColoradoCare, aims to make major changes to how consumers receive their health insurance coverage, and it could have significant implications for the state’s insurance exchange. The initiative aims to establish a single-payer system, which involves the government, rather than private insurers, covering the cost of health care. While many have supported such a system,…

More people in Colorado are finding it difficult to pay for their health insurance

September 24, 2015September 23, 2015 Nordstrom

More people have insurance coverage, but fewer people can afford their policies The number of people in Colorado with health insurance has been growing steadily, but so too is the number of people that cannot afford their coverage. During the state’s annual Health Summit, Jeff Bontrager, direct of research on coverage and accessibility with the Colorado Health Institute, noted that insurance premiums are becoming a major problem for consumers. This is becoming a troubling trend that many other states across the country are also experiencing. Affordable Care Act has lead…

Fee increase for Colorado health insurance exchange has been approved

May 21, 2015May 20, 2015 Logan B.

State’s exchange has increased its fees as a way to generate more revenue Colorado’s health insurance exchange has raised its fees. The exchange’s board of directors had been considering raising fees in order to make the exchange more sustainable and financially secure. The fees will be paid by all those that are purchasing insurance coverage through the exchange and those that already have policies from the exchange as well. The fee increase may be somewhat modest for most consumers, but could translate into much higher revenue for the exchange itself.…