No one in their right mind enjoys paying for car insurance, especially knowing the prices are way too high.
Inconceivable but true, 70% of consumers have stayed with the same insurance company for well over three years, and nearly the majority have never taken the time to shop around. U.S. consumers could save an average of 47% each year just by comparing rates, but they don't want to take the time to compare other rate quotes.
Popular companies such as Allstate, Progressive and GEICO all claim big savings with advertising and consumers find it hard to see through the deception and do the work needed to find the best deal.
It's a good habit to quote other rates at least once a year because prices fluctuate regularly. Even if you think you had the lowest quotes on Volkswagen Touareg insurance in Denver last year there may be better deals available now. There is a lot of wrong information about Touareg insurance on the internet, but you can learn some good information on how to lower your car insurance rates in Denver.
Best Volkswagen Touareg insurance prices in Colorado
The companies shown below offer price quotes in Colorado. If multiple companies are listed, we recommend you compare several of them to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Touareg 3 Turbo Diesel AWD 4-Dr||$278||$500||$352||$20||$106||$1,256||$105|
|Touareg 3.6 AWD 4-Dr||$234||$480||$474||$28||$142||$1,358||$113|
|Get Your Own Custom Quote Go|
Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Premium amounts do not factor in specific location which can modify auto insurance rates substantially.
Rate comparison of full coverage and liability-only
The illustration below examines Volkswagen Touareg insurance premiums with and without physical damage coverage. The rate quotes are based on no violations or accidents, $500 deductibles, single female driver, and no additional discounts are factored in.
Deciding between full coverage and liability only
There is no definitive formula to stop buying physical damage insurance, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let's assume your Volkswagen Touareg replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $4,000 after the deductible is paid. If you are paying more than $400 a year to have full coverage, then you may need to consider dropping full coverage.
There are some situations where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if you can't afford to buy a different vehicle if your current one is in an accident, you should not buy liability only.
Gender-based auto insurance premiums
The diagram below compares Volkswagen Touareg annual premium costs for male and female drivers. The rates are based on no accidents, no driving violations, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
The example below illustrates how your choice of deductibles and can change Volkswagen Touareg insurance costs for each age group. The premiums are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.
You Can Change Your Insurance Prices
A large part of saving on car insurance is knowing some of the elements that help determine your policy premiums. If you understand what determines base rates, this allows you to make good choices that will entitle you to cheaper rates.
Listed below are some of the things utilized by car insurance companies to help set prices.
Does your vocation raise your premiums? - Jobs such as lawyers, social workers and accountants tend to pay higher rates than average due to intense work requirements and extremely grueling work hours. Conversely, careers such as actors, athletes and performers pay lower than average rates.
Lower rates by increasing deductibles - Physical damage protection, aka comp and collision, is used to repair damage to your Volkswagen. Examples of covered claims could be colliding with a building, flood damage, or theft. Deductibles for physical damage define how much you are willing to pay if the claim is covered. The more money you pay before a claim is paid (deductible), the lower your rates will be.
Small frequent insurance claims are not good - If you frequently file small claims, you should expect either a policy non-renewal or much higher rates. Car insurance companies in Colorado provide the best rates to people who only file infrequent claims. Your insurance policy is designed for larger claims.
Choose high NHTSA crash test ratings and save - Safe vehicles cost less to insure. Highly rated vehicles reduce occupant injuries and lower injury rates means less claims paid which can mean better rates for you. If your Volkswagen Touareg scored better than four stars on Safercar.gov you may qualify for a discount.
Big cities mean more claims - Being located in less populated areas has it's advantages when talking about car insurance. Fewer drivers on the road means reduced accidents and a lower car theft rate. People in densely populated areas have traffic congestion and higher rates of accident claims. Spending more time driving means higher likelihood of an accident.
Volkswagen Touareg insurance claim data - Companies use data from past claims when setting rates for each model. Models that tend to have a trend towards higher claims will cost more for coverage. The next table shows the historical insurance loss data for Volkswagen Touareg vehicles.
For each insurance policy coverage type, the claim amount for all vehicles, without regard to make or model, is represented as 100. Numbers shown that are under 100 indicate better than average losses, while percentage numbers above 100 point to more claims or a tendency for losses to be larger than average.
Volkswagen Touareg Insurance Loss Statistics
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Volkswagen Touareg 4dr 4WD||131||115||133||56||65||87|
Statistics from IIHS.org for 2013-2015 Model Years
Get cheaper rates by taking advantage of discounts
Companies don't list every possible discount very well, so below is a list both the well known as well as some of the hidden credits that you can use to lower your rates. If you do not check that you are getting every discount available, you're just leaving money on the table.
- Early Switch Discount - A few companies give discounts for switching companies prior to the expiration date on your current Touareg insurance policy. You may see this discount when you get Denver auto insurance quotes online.
- Paperwork-free - Some of the larger companies give back up to $50 for buying your policy on the internet.
- Student Discounts - Being a good student can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.
- Discount for Life Insurance - Not every insurance company offers life insurance, but if they do you may earn better auto insurance rates if you take out life insurance from them.
- Passive Restraints - Cars that have air bags and/or automatic seat belt systems can receive discounts of 25 to 30%.
As is typical with insurance, most discount credits are not given to the entire cost. A few only apply to specific coverage prices like liability, collision or medical payments. If you do the math and it seems like it's possible to get free car insurance, companies don't profit that way.
A few of the larger companies and the discounts they provide are shown below.
- GEICO includes discounts for defensive driver, seat belt use, multi-vehicle, five-year accident-free, membership and employees, and military active duty.
- SAFECO has discounts for accident prevention training, anti-lock brakes, bundle discounts, teen safety rewards, homeowner, and drive less.
- State Farm has savings for passive restraint, anti-theft, driver's education, defensive driving training, accident-free, good student, and multiple policy.
- MetLife may include discounts for good student, accident-free, multi-policy, claim-free, and good driver.
- 21st Century discounts include 55 and older, anti-lock brakes, theft prevention, good student, and early bird.
- Progressive offers discounts for good student, multi-policy, online quote discount, multi-vehicle, and homeowner.
It's a good idea to ask every prospective company which discounts you may be entitled to. Some of the discounts discussed earlier might not be offered on policies in every state. To choose insurers with discount auto insurance rates in Colorado, click this link.
Local Denver car insurance agents and insurance
Certain consumers still like to buy from a local agent and that is not a bad decision One of the great benefits of getting free rate quotes online is that drivers can save money and get lower car insurance rates and still have a local agent.
After completing this short form, your information is emailed to companies in Denver who can give free rate quotes for your insurance coverage. It simplifies rate comparisons since you won't have to do any legwork since rate quotes are delivered to you. You can find lower rates and an insurance agent to talk to. In the event you want to compare rates for a specific company, you just need to visit that company's website to submit a rate quote request.
Finding the right company needs to be determined by more than just a low price. Any agent in Denver should have no problem answering these questions:
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- If your car is totalled, how to they determine the replacement cost?
- Are they actively involved in the community?
- Will the quote change when the policy is issued?
- Does the company use OEM repair parts?
Two types of car insurance agents
When searching for a good insurance agency, it helps to know the two types of agencies and how they differ in how they quote coverages. Agents in Denver are considered either exclusive or independent (non-exclusive).
Exclusive Insurance Agents
Agents of this type generally can only insure with one company such as State Farm, Allstate, and Farm Bureau. Exclusive agents cannot compare rates from other companies so it's a take it or leave it situation. Exclusive agents receive extensive training on sales techniques which helps offset the inability to provide other markets.
Listed below is a short list of exclusive agencies in Denver that can give you price quote information.
American Family Insurance - Abbie Davis Tanner Agency Inc
2855 Speer Blvd Suite D - Denver, CO 80211 - (303) 333-0205 - View Map
Independent Insurance Agents
Independent insurance agents are not employed by one company and that gives them the ability to insure amongst many companies and get you the best rates possible. If they find a lower price, the business is moved internally which makes it simple for you.
When comparing insurance prices, you definitely need to get several quotes from several independent insurance agents to have the best price comparison.
Shown below are independent agencies in Denver that can give you price quotes.
What insurance coverages do I need?
Always keep in mind that when comparing proper insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Your needs are unique to you and your insurance should be unique as well. These are some specific questions might help in determining whether or not you could use an agent's help.
- Is other people's property covered if stolen from my vehicle?
- Is my cargo covered for damage or theft?
- Does rental coverage apply when I am renting a car?
- Do I pay less if my vehicle is kept in my garage?
- How much liability insurance is required?
- Is my custom stereo system covered?
If you don't know the answers to these questions, you may need to chat with a licensed insurance agent. If you don't have a local agent, simply complete this short form or you can go here for a list of companies in your area.
Don't give up on cheaper coverage
More affordable auto insurance in Denver is available from both online companies and also from your neighborhood Denver agents, and you should compare price quotes from both to get a complete price analysis. Some auto insurance companies do not provide rate quotes online and these regional carriers provide coverage only through independent insurance agencies.
When getting Denver auto insurance quotes online, it's not a good idea to reduce needed coverages to save money. In many cases, consumers will sacrifice uninsured motorist or liability limits only to find out that it was a big mistake. Your goal is to purchase plenty of coverage at the best price, not the least amount of coverage.
Additional detailed information is available in the articles below:
- Auto Insurance FAQ (Farmers Insurance)
- Who Has Cheap Auto Insurance for a Toyota RAV4 in Colorado? (FAQ)
- Who Has Cheap Auto Insurance for 16 Year Olds in Colorado? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Seniors in Colorado? (FAQ)
- Who Has Cheap Colorado Auto Insurance for Immigrants? (FAQ)
- Older Drivers FAQ (iihs.org)
- Airbag FAQ (iihs.org)