Paying cheaper rates for Volkswagen Beetle insurance in Colorado Springs might be frustrating for drivers not familiar with online rate comparisons. With so many insurance agents and companies, it can turn into a difficult mission to find a more affordable company.
Astonishing but true, nearly 70% of customers have bought insurance from the same company for four years or more, and just short of a majority have never even compared quotes to find lower-cost rates. Colorado drivers can save roughly $610 each year by just comparing rate quotes, but they don't invest the time required to compare rates.
If you have insurance now, you stand a good chance to be able to reduce premiums using the ideas presented in this article. Finding quotes for cheaper insurance policy in Colorado Springs is not as difficult as people think. Although Colorado drivers need to learn how the larger insurance companies set your policy premium and apply this information to your search.
How to get Colorado Springs Volkswagen Beetle insurance quotes
It's important to know that comparing more quotes will increase your chances of finding lower pricing. Not every company allows you to get online Colorado Springs Beetle insurance quotes, so it's necessary to compare quotes on coverage from those companies, too.
The companies shown below offer comparison quotes in Colorado Springs, CO. If multiple companies are listed, it's a good idea that you get rate quotes from several of them in order to find the most affordable rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Beetle S 2-Dr Hatchback||$166||$380||$338||$20||$102||$1,006||$84|
|Beetle 2-Dr Convertible||$342||$644||$232||$14||$70||$1,302||$109|
|Get Your Own Custom Quote Go|
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Prices do not factor in garaging location in Colorado Springs which can change coverage prices significantly.
Impact of citations and accidents on Colorado Springs insurance rates
The diagram below illustrates how speeding tickets and fender-benders can drive up Volkswagen Beetle yearly insurance costs for different age groups. The price estimates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.
Buying the right Volkswagen vehicle insurance in Colorado is an important decision
Despite the high cost, buying car insurance serves an important purpose.
First, just about all states have mandatory insurance requirements which means you are required to buy a specific level of liability coverage if you don't want to risk a ticket. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if you took out a loan on your Volkswagen Beetle, it's most likely the lender will stipulate that you have physical damage coverage to guarantee payment of the loan. If you do not keep the policy in force, the lender may insure your Volkswagen at an extremely high rate and require you to fork over the higher premium.
Third, insurance safeguards not only your Volkswagen Beetle but also your assets. It also can pay for medical bills that are the result of an accident. Liability coverage will also pay to defend you if anyone sues you for causing an accident. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of buying car insurance outweigh the cost, especially when you need to use it. As of last year, the average driver in Colorado is overpaying over $865 each year so compare rates once a year at a minimum to make sure the price is not too high.
Colorado Springs Insurance Costs are Influenced by These Factors
One of the most helpful ways to save on car insurance is to to have a grasp of some of the things that go into determining car insurance rates. When consumers understand what controls the rates you pay, this helps enable you to make changes that could result in lower premium levels. Lots of things are part of the calculation when quoting car insurance. Most are fairly basic such as traffic violations, although others are less obvious like your vehicle usage or your vehicle rating.
The list below includes some of the major factors used by insurance companies to determine rates.
Men pay higher costs - Statistics show females are less aggressive when driving. Now that doesn't mean women are better drivers. Men and women cause auto accidents in similar numbers, but males tend to have more serious accidents. Not only are claims higher, but men get higher numbers of serious violations like DWI (DUI) or reckless driving.
Premiums and job - Did you know your occupation can influence how much you pay for car insurance? Careers like doctors, airline pilots, and medical professionals generally have higher premium rates because of high stress levels and long work hours. Other careers such as actors, engineers and performers have the lowest average rates.
More traffic equals higher prices - Residing in smaller towns and rural areas of the country can save you money when buying car insurance. Less people living in that area translates into fewer accidents as well as less vandalism and auto theft. Urban drivers have more aggressive driving styles and much longer commute distances. More time commuting means more chances of being involved in an auto accident.
Raising comp and collision deductibles saves money - Deductibles for physical damage define the amount you are willing to pay out-of-pocket if the claim is covered. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, protects your car from damage. Examples of covered claims could be rearending another vehicle, fire damage, and damage caused by road hazards. The larger the amount you're willing to pay, the bigger discount you will receive.
Bundle policies to earn discounts - The majority of car insurance companies apply better rates to insureds who carry more than one policy such as combining an auto and homeowners policy. This can amount to as much as ten percent or more Even though this discount sounds good, drivers will still want to check prices from other companies to verify if the discount is saving money. Drivers may still find better rates by buying car insurance from a different company.
Volkswagen Beetle historical loss data - Auto insurance companies analyze historical claim data to help set a rate to offset losses. Vehicles that are shown to have a trend towards higher claims will have higher premium rates. The table below outlines the historical loss data for Volkswagen Beetle vehicles.
For each type of coverage, the claim amount for all vehicles as a whole is set at 100. Values under 100 represent a good loss history, while numbers that are greater than 100 indicate higher probability of having a loss or a tendancy for losses to be larger than average.
Volkswagen Beetle Insurance Loss Statistics
|Specific Volkswagen Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Volkswagen Beetle Convertible||85||78||95||76||89||79|
Statistics from IIHS.org for 2013-2015 Model Years
Do you qualify for discounts?
Companies don't always advertise all discounts very clearly, so we took the time to find some of the more common in addition to some of the lesser obvious credits available to you.
- Good Grades Discount - Performing well in school can be rewarded with saving of up to 25%. The discount lasts up to age 25.
- Drive Safe and Save - Insureds who avoid accidents can save as much as half off their rates than less cautious drivers.
- Military Discounts - Having a family member in the military could mean lower prices.
- Colorado Springs Homeowners Discount - Being a homeowner can save you money because maintaining a house is proof of financial responsibility.
- Senior Citizens - Mature drivers are able to get reduced rates.
- Air Bags and Passive Restraints - Vehicles equipped with air bags and/or automatic seat belt systems may get savings as much as 30%.
- Braking Control Discount - Cars, trucks, and SUVs with ABS and/or traction control can reduce accidents and earn discounts up to 10%.
Just know that some credits don't apply to the entire policy premium. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears it's possible to get free car insurance, companies don't profit that way. Any amount of discount will bring down the cost of your policy.
A few popular companies and a partial list of their discounts include:
- GEICO policyholders can earn discounts including multi-vehicle, anti-lock brakes, driver training, federal employee, membership and employees, five-year accident-free, and multi-policy.
- MetLife offers discounts including claim-free, defensive driver, accident-free, good student, good driver, and multi-policy.
- Progressive may include discounts for good student, continuous coverage, online signing, multi-vehicle, and online quote discount.
- Travelers may have discounts that include driver training, multi-policy, student away at school, continuous insurance, hybrid/electric vehicle, and good student.
- SAFECO offers premium reductions for homeowner, accident prevention training, bundle discounts, teen safe driver, multi-car, and drive less.
- AAA may offer discounts for multi-car, education and occupation, good student, good driver, anti-theft, and AAA membership discount.
If you need lower rates, check with all the companies what discounts are available to you. Discounts may not apply in every state. For a list of auto insurance companies who offer online Volkswagen Beetle insurance quotes in Colorado, click here to view.
When should I have guidance from an agent?
A lot of people still prefer to go talk to an agent and that is not a bad decision The best thing about getting online price quotes is the fact that you can find the lowest rates and still choose a local agent. Putting coverage with local insurance agencies is especially important in Colorado Springs.
By using this short form, the coverage information is submitted to local insurance agents that can provide free Colorado Springs auto insurance quotes for your insurance coverage. It's much easier because you don't need to leave your computer because prices are sent instantly to you. You can find the lowest rates without having to waste a lot of time. In the event you want to get a price quote from a particular provider, feel free to go to their quote page and complete a quote there.
Selecting an insurance company should depend on more than just a low price. Here are some questions you might want to ask.
- Which company do they place the most coverage with?
- Do they offer claims assistance after hours?
- Is working in the agency their full-time job?
- How long has the business existed?
- Which family members are covered?
- Will a damage claim use OEM or aftermarket replacement parts?
- Do they offer accident forgiveness?
- How would your car be valued if totalled?
Quote more to save more
Drivers change insurance companies for a variety of reasons including unfair underwriting practices, policy non-renewal, lack of trust in their agent and high prices. It doesn't matter what your reason, finding a new company can be less work than you think.
More affordable car insurance in Colorado Springs is possible on the web in addition to local insurance agencies, so get free Colorado Springs auto insurance quotes from both of them to have the best chance of lowering rates. Some car insurance companies may not have price quotes online and most of the time these small insurance companies only sell coverage through local independent agents.
As you prepare to switch companies, don't be tempted to buy lower coverage limits just to save a few bucks. There have been many cases where someone dropped collision coverage only to discover later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy the best coverage you can find at the lowest possible cost while not skimping on critical coverages.
Additional information is available at these links:
- What is Gap Insurance? (Insurance Information Institute)
- How Much are Colorado Auto Insurance Rates for Teenage Males? (FAQ)
- Who Has Affordable Auto Insurance for Real Estate Agents in Colorado? (FAQ)
- Who Has the Cheapest Colorado Auto Insurance for College Students? (FAQ)
- Who Has Cheap Auto Insurance for Uber Drivers in Colorado? (FAQ)
- Who Has Affordable Auto Insurance for Government Employees in Colorado? (FAQ)
- Learn About Car Insurance (GEICO)
- Car Insurance FAQ (Trusted Choice)
- Alcohol Impaired Driving FAQ (iihs.org)