High-priced auto insurance in Colorado Springs can stress out your budget and put the squeeze on your family's finances. Comparing cost estimates is free and is an excellent way to lower your bills every month.

Insurance quote for Volkswagen Passat in Colorado SpringsAmazingly, a recent NerdWallet.com study showed that most auto insurance policyholders in Colorado kept buying from the same company for a minimum of four years, and about 40% of consumers have never compared rates with other companies. Drivers in America could save 46.5% a year, but most undervalue how much savings they would realize if they moved their coverage to a different company.

Due to the abundance of options when it comes to auto insurance, it is very difficult to locate the most affordable auto insurance provider.

The purpose of this post is to teach you how to get online quotes and some tips to save money. If you already have coverage, you will be able to reduce the price you pay using the tips covered below. But Colorado vehicle owners must understand the way companies market on the web because rates are impacted by many factors.

Insurance Price Influencing Factors

It's important that you understand the rating factors that aid in calculating your auto insurance rates. If you have some idea of what impacts premium levels, this allows you to make educated decisions that can help you get cheaper rates. Multiple criteria are considered when premium rates are determined. Some of the criteria are obvious like a motor vehicle report, but others are more transparent such as your marital status and annual miles driven.

Just remember that comparing a large number of companies helps you find more affordable insurance. Some insurance companies are not set up to provide Colorado Springs Passat insurance quotes over the internet, so you need to compare prices from the smaller companies as well.

The car insurance companies shown below provide free rate quotes in Colorado Springs, CO. If several companies are displayed, we recommend you visit several of them in order to get a fair rate comparison.

Volkswagen Passat Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $162 $350 $338 $20 $102 $972 $81
Passat Komfort 4-Dr Sedan $194 $370 $338 $20 $100 $1,022 $85
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Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Table data does not factor in specific location information which can revise auto insurance rates considerably.

Auto insurance deductibles

The hardest decision when buying coverage is which deductible level should you buy. The following tables summarize how much more you'll pay when you select higher and lower coverage deductibles. The first data table uses a $100 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Volkswagen Passat insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $342 $644 $298 $18 $90 $1,417 $118
Passat Komfort 4-Dr Sedan $342 $644 $352 $20 $106 $1,489 $124
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Volkswagen Passat insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $190 $340 $298 $18 $90 $936 $78
Passat Komfort 4-Dr Sedan $190 $340 $352 $20 $106 $1,008 $84
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Information does not factor in garaging location in Colorado Springs which can raise or lower premium rates noticeably.

Based on the data above, we can derive that using a $100 deductible could cost the average driver approximately $40 more each month or $480 every year than choosing the higher $1,000 deductible. Because you would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you have more than 23 months between claims, you would probably save some money by selecting a higher deductible.

Three good reasons to insure your Volkswagen vehicle

Despite the high cost of buying insurance for a Volkswagen Passat in Colorado Springs, insurance is required in Colorado but it also protects you in many ways.

First, almost all states have mandatory insurance requirements which means you are required to carry specific minimum amounts of liability coverage if you want to drive legally. 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 bought your vehicle with a loan, it's guaranteed your bank will make it mandatory that you have comprehensive coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank will be required to insure your Volkswagen at a much higher premium rate and force you to reimburse them a much higher amount than you were paying before.

Third, insurance safeguards not only your vehicle but also your assets. It will also provide coverage for medical bills that are the result of an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.

The benefits of carrying enough insurance are without a doubt worth the cost, particularly for liability claims. As of last year, the average driver in Colorado overpays more than $750 every year so shop around every year to save money.

Cheaper Colorado Springs insurance rates with discounts

Insurance is not an enjoyable expense, but you may qualify for discounts that could drop your premiums quite a bit. Certain discounts will be triggered automatically when you complete an application, but a few must be asked for before you will receive the discount.Insurance discounts

Remember that many deductions do not apply to the overall cost of the policy. Some only apply to individual premiums such as collision or personal injury protection. So when it seems like adding up those discounts means a free policy, that's just not realistic.

A few of the larger companies and their possible discounts are shown below.

When quoting, ask every company which discounts can lower your rates. Some credits may not be available in your state. To see a list of insurance companies that provide some of the discounts listed above in Colorado, click here.

Should I get advice from an agent?

Some consumers still like to talk to a local agent and that is not a bad decision The best thing about comparing rates online is the fact that drivers can get better rates and still have an agent to talk to. Buying from and supporting local agents is definitely important in Colorado Springs.

Colorado Springs insurance agentsTo help locate an agent, after submitting this form (opens in new window), your insurance coverage information is transmitted to agents in your area that can provide free Colorado Springs auto insurance quotes and help you find cheaper coverage. There is no reason to find an agent on your own because quoted prices will be sent straight to your inbox. You'll get the best rates and an insurance agent to talk to. If you want to compare prices from a specific insurance company, feel free to visit that company's website and submit a quote form there.

Selecting an insurance company requires more thought than just a cheap price quote. A good agent in Colorado Springs will have answers to these questions.

How much auto insurance do I need?

Keep in mind that when it comes to choosing insurance from an agent or online, there isn't really a one size fits all plan. Each situation is unique.Higher deductibles save money

These are some specific questions may help highlight if your situation will benefit from professional help.

If it's difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Persistence pays off

When getting Colorado Springs auto insurance quotes online, you should never skimp on critical coverages to save a buck or two. There are many occasions where drivers have reduced liability limits or collision coverage and found out when filing a claim that they should have had better coverage. The ultimate goal is to buy the best coverage you can find for the lowest cost while not skimping on critical coverages.

Some insurance companies may not provide online quoting and most of the time these smaller companies only sell coverage through local independent agents. Discount Volkswagen Passat insurance can be purchased on the web and with local Colorado Springs insurance agents, and you need to price shop both to have the best selection.

Throughout this article, we presented a lot of information how to save on Volkswagen Passat insurance in Colorado Springs. The key concept to understand is the more companies you get rates for, the more likely it is that you will get a better rate. Consumers may even find the most savings is with some of the smallest insurance companies.

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