No sane person likes buying auto insurance, particularly when they could get a better deal.
Shockingly, most auto insurance policyholders kept buying from the same company for at least the last four years, and nearly 40% of drivers have never compared auto insurance rates at all. Drivers in Fort Collins could save roughly 35% every year, but most undervalue the actual amount they would save if they just switched companies.
Due to the fact that there are so many insurance companies to choose from that have affordable insurance for a Volkswagen Eos in Fort Collins, it's difficult to locate the lowest cost insurer.
Best companies for cheap Volkswagen Eos insurance in Colorado
The companies shown below are our best choices to provide comparison quotes in Fort Collins, CO. If multiple providers are shown, it's highly recommended you get rates from several of them to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|EOS Komfort Turbo 2-Dr Convertible||$250||$434||$352||$20||$106||$1,162||$97|
|EOS Luxury Turbo 2-Dr Convertible||$214||$448||$396||$24||$118||$1,200||$100|
|Get Your Own Custom Quote Go|
Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Rates do not factor in specific zip code location which can change auto insurance rates noticeably.
Volkswagen Eos insurance premiums by gender
The information below shows the comparison of Volkswagen Eos auto insurance costs for male and female drivers. The rates are based on no violations or claims, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no other discounts are factored in.
Careless Fort Collins drivers pay higher rates
The information below illustrates how speeding tickets and at-fault collisions influence Volkswagen Eos insurance costs for different ages of insureds. The premiums are based on a single female driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.
Does full coverage make sense?
The illustration below illustrates the difference between Volkswagen Eos annual premium costs with and without physical damage coverage. The prices are based on no claims, a clean driving record, $100 deductibles, married female driver, and no discounts are factored in.
Are you wasting money paying for full coverage?
There is no specific rule for phasing out physical damage insurance, but there is a guideline you can use. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let's pretend your Volkswagen Eos claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after the policy deductible has been paid. If you are paying over $700 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where removing full coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not drop full coverage.
Cut Insurance Costs with These Tips
An important part of buying insurance is that you know a few of the rating criteria that play a part in calculating the price you pay for insurance. If you know what determines premiums, this enables you to make decisions that will entitle you to much lower annual insurance costs.
The list below includes just a few of the factors used by your company to calculate your prices.
Liability insurance preserves assets - Your insurance policy's liability coverage is the protection if you are found to be at fault for causing damage or personal injury in an accident. It will provide legal defense coverage to defend your case. Liability is cheap compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.
A policy lapse is a bad thing - Having a lapse in insurance coverage is a sure-fire way to increase your rates. Not only will you pay more, getting caught without coverage will get you fines and jail time. You may have to submit proof of financial responsibility or a SR-22 with the Colorado motor vehicle department to get your license reinstated.
Cars with good safety ratings save money - Vehicles that have high safety ratings get lower rates. Safe vehicles reduce injuries and fewer serious injuries translates into savings for insurance companies which can mean better rates for you. If your Volkswagen Eos earned at least four stars on Safercar.gov it is probably cheaper to insure.
With age comes responsibility - Beginning drivers in Colorado have been known to be careless and easily distracted when at the wheel of a vehicle so they pay higher insurance rates. Older drivers are viewed as being more responsible, are lower risk to insure, and get fewer tickets.
Long commutes cost more - The higher the miles on your Volkswagen every year the more you will pay for insurance. A lot of companies charge rates determined by how the vehicle is used. Vehicles that sit idle most of the time receive lower rates as compared to vehicles used primarily for driving to work. Having an incorrect usage rating on your Eos is just wasting money. Verify your vehicle rating correctly shows the correct usage, because it can save money.
Does your job cost you more? - Occupational choices like real estate brokers, executives and financial analysts generally have higher rates than the rest of us attributed to job stress and long work days. Conversely, occupations like farmers, athletes and retirees have lower than average premiums.
Do thieves like your car? - Owning a car with a theft deterrent system can help lower your rates. Systems that thwart theives such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent auto theft.
Drivers with excellent credit save on insurance - Your credit rating can be an important factor in calculating your premium rate. Drivers with very high credit ratings tend to be more responsible than those with bad credit. If your credit history could use some work, you could be paying less to insure your Volkswagen Eos by improving your rating.
Volkswagen Eos statistical loss data - Car insurance companies analyze claim trends for every vehicle to calculate a rate that will offset losses. Vehicles that tend to have higher number or severity of losses will cost more to insure. The table shown below demonstrates the historical loss data for Volkswagen Eos vehicles.
For each type of coverage, the loss probablilty for all vehicles, regardless of make or model, is a value of 100. Values under 100 suggest a better than average loss history, while numbers above 100 point to more losses or statistically larger claims.
Car Insurance Loss Data for Volkswagen Eos Models
|Specific Volkswagen Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Volkswagen Eos Convertible||88||77||78||76|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Take policy discounts and save on Volkswagen Eos insurance in Fort Collins
Some insurance providers don't necessarily list every disount available very well, so the following is a list of a few of the more common and the harder-to-find credits that you can use to lower your rates.
- Multiple Vehicles - Insuring multiple cars on the same auto insurance policy can reduce rates for all insured vehicles.
- Early Payment Discounts - By paying your entire bill at once rather than spreading payments over time you may have a lower total premium amount.
- ABS and Traction Control Discounts - Cars and trucks that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more on Eos insurance in Fort Collins.
- Professional Organizations - Affiliation with certain professional organizations could earn you a nice discount on your next auto insurance statement.
- Early Renewal Discounts - Some insurance companies provide a discount for renewing your policy before your current coverage expires. It can save you around 10%.
- E-sign - A handful of auto insurance companies give back up to $50 for signing up on your computer.
- Multi-line Discount - Larger insurance companies have a break if you buy a life insurance policy as well.
- Good Student Discount - Getting good grades can save 20 to 25%. Many companies even apply the discount to college students well after school through age 25.
- Military Rewards - Being deployed with a military unit could mean lower auto insurance rates.
One thing to note about discounts is that many deductions do not apply to the entire cost. Most cut the cost of specific coverages such as liability and collision coverage. Just because you may think all those discounts means the company will pay you, companies wouldn't make money that way.
Some companies who may offer most of the discounts above include:
When getting a coverage quote, ask each company the best way to save money. Discounts may not be offered in every state. To choose insurers that have a full spectrum of discounts in Fort Collins, click here.
Exclusive or independent insurance agencies
Some people prefer to buy from a licensed agent and that can be a great decision One of the great benefits of price shopping on the web is that you can obtain lower rates and still have an agent to talk to. And buying from local agents is still important in Fort Collins.
By using this quick form, the quote information is sent to local insurance agents who want to provide quotes for your auto insurance coverage. It's much easier because you don't need to visit any agencies because prices are sent to you instantly. You can find lower rates without having to waste a lot of time. If you need to quote rates from one company in particular, don't hesitate to go to their quote page and give them your coverage information.
The difference between Fort Collins auto insurance agents
If you are wanting to purchase auto insurance from a local agent, you must know there are a couple types of agencies and how they are slightly different. Agents in Fort Collins are categorized either independent (non-exclusive) or exclusive.
Independent Auto Insurance Agencies
Independent agencies do not write with just one company and that enables them to quote your coverage through many companies and get you the best rates possible. If you want to switch companies, they can switch companies in-house which makes it simple for you.
When comparing auto insurance rates, you should always compare prices from multiple independent agents to ensure the widest selection of prices.
Listed below are Fort Collins independent agencies who may be able to give you free auto insurance rate quotes.
Exclusive Auto Insurance Agents
These type of agents can only quote rates from one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents are unable to place coverage with different providers so you might not find the best rates. Exclusive insurance agents are highly trained on sales techniques which helps overcome the inability to quote other rates.
Below is a list of exclusive insurance agents in Fort Collins that are able to give price quotes.
Finding a good auto insurance agent should depend on more than just a low price. Any agent in Fort Collins should be forthright in answering these questions:
- Does the agency support the community they serve?
- Is there a Errors and Omissions policy in force?
- Are there any discounts that you might be missing?
- Does the agency have a positive business rating?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Do they offer accident forgiveness?
- Are they involved in claim handling?
- Do the agents have professional certifications like CPCU or CIC?
Auto insurance ads bend the truth
Companies like GEICO, State Farm and Progressive endlessly run television, radio, and online ads. They all convey the message about saving some big amount after switching to them. How does each company charge lower premium rates? Just pay attention to how they say it.
Insurance providers quote their cheapest rates for the type of driver that is profitable for them. For example, a desirable insured could possibly be a mature driver, has other policies, and drives less than 5,000 miles a year. A propective insured who matches that profile is entitled to the best price and as a result will probably save if they switch.
Drivers who fall short of those criteria will get a higher premium which translates to the driver buying from a lower-cost company. The trick companies use is to say "drivers that switch" not "everyone that quotes" can get the lowest rates when switching. This is how insurance companies can make those statements.
Because each company has a different risk profile, you absolutely need to get Fort Collins auto insurance quotes from several different companies. It's just not possible to know with any certainty which company will provide you with the cheapest Volkswagen Eos insurance in Fort Collins.
You are unique and your auto insurance should be too
When it comes to choosing a policy, there isn't really a "perfect" insurance plan. Each situation is unique and your policy should reflect that. For example, these questions could help you determine whether your personal situation could use an agent's help.
- Is my Volkswagen Eos covered for smoke damage?
- What are the financial responsibility laws in my state?
- When should I drop full coverage on my Volkswagen Eos?
- Why do I have to buy liability insurance?
- Is motorclub coverage worth it?
- Am I covered if I hit someone who is not insured?
- What if an uninsured driver hits me?
- What is GAP insurance?
If you don't know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Cheap Volkswagen Eos insurance in Fort Collins can be bought both online and from local insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some companies do not offer the ability to get a quote online and usually these smaller companies only sell coverage through independent insurance agencies.
We just presented a lot of techniques to get a better price on Volkswagen Eos insurance in Fort Collins. It's most important to understand that the more you quote Fort Collins auto insurance, the higher the chance of saving money. You may even discover the best price on auto insurance is with a company that doesn't do a lot of advertising. Regional companies often have lower rates on specific markets than the large multi-state companies such as State Farm, GEICO and Nationwide.
Even more information is located in these articles:
- Determining Your Vehicle's Value and Repair Cost (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance Quotes for Drivers Under 25 in Colorado? (FAQ)
- What Auto Insurance is Cheapest for Single Moms in Colorado? (FAQ)
- How Much is Auto Insurance for Used Cars in Colorado? (FAQ)
- Drunk Driving Statistics (Insurance Information Institute)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)