Insurance for Volkswagen GolfTrying to come up with a payment for expensive auto insurance can empty your savings and force you to make tough financial choices. Comparing rate quotes can lower your rates and help to ensure you are getting the best deal.

A recent NerdWallet.com study revealed that about 70% of customers kept their policy with the same company for at least the last four years, and almost 40% of drivers have never compared rates from other carriers. Consumers in Colorado Springs can save about 35% each year, but they underestimate the amount of money they would save if they changed companies.

Because there are so many auto insurance companies to choose from, it is very difficult to choose the right insurance company.

Shopping for more affordable insurance policy in Colorado Springs is not that difficult. Just about every person who compares rate quotes for insurance will be able to reduce their rates. But Colorado consumers must know how insurance companies determine premium rates because rates fluctuate considerably.

To find affordable Volkswagen Golf insurance quotes, there are several ways to compare quotes from lots of Colorado car insurance companies. The best way to find cheaper rates consists of shopping online.

Doing online rate quotes comparisons is so easy that it makes it obsolete to spend your day driving to local Colorado Springs insurance agencies. The internet has made agencies unnecessary unless you have a need for the professional advice of a local Colorado Springs agent. Some companies do allow you to comparison shop your insurance online but purchase the actual policy in an agency. Just keep in mind that making a lot of price comparisons will improve the odds of getting more affordable rates.

The companies in the list below can provide comparison quotes in Colorado. If several companies are displayed, we suggest you compare several of them in order to find the cheapest rates.

Volkswagen Golf Insurance Price Estimates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Golf 2.5 2-Dr Hatchback $212 $492 $456 $28 $136 $1,324 $110
Golf 2.5 4-Dr Hatchback $194 $370 $338 $20 $100 $1,022 $85
Golf 2.0T Turbo Diesel 2-Dr Hatchback $216 $390 $460 $28 $138 $1,232 $103
Golf 2.0T Turbo Diesel 4-Dr Hatchback $184 $332 $358 $22 $108 $1,004 $84
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Data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in zip code location which can revise premium rates substantially.

Deductible analysis

One frequently asked question is how high should the deductibles for physical damage be. The following tables outline the premium difference of buying low and high physical damage coverage deductibles. The first table uses a $100 deductible and the second rate chart uses a $1,000 deductible.

Volkswagen Golf insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Golf 2.5 2-Dr Hatchback $302 $644 $352 $20 $106 $1,449 $121
Golf 2.5 4-Dr Hatchback $342 $644 $352 $20 $106 $1,489 $124
Golf 2.0T Turbo Diesel 2-Dr Hatchback $342 $740 $352 $20 $106 $1,585 $132
Golf 2.0T Turbo Diesel 4-Dr Hatchback $342 $644 $352 $20 $106 $1,489 $124
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Volkswagen Golf insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Golf 2.5 2-Dr Hatchback $168 $340 $352 $20 $106 $986 $82
Golf 2.5 4-Dr Hatchback $190 $340 $352 $20 $106 $1,008 $84
Golf 2.0T Turbo Diesel 2-Dr Hatchback $190 $390 $352 $20 $106 $1,058 $88
Golf 2.0T Turbo Diesel 4-Dr Hatchback $190 $340 $352 $20 $106 $1,008 $84
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Prices do not factor in zip code location which can raise or lower auto insurance rates considerably.

Based on the figures above, using a $100 deductible costs approximately $40 more each month or $480 annually than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you have more than 23 months between claim filings, you would probably be better off if you choose a higher deductible.

Don't overlook these Volkswagen Golf insurance discounts

The price of auto insurance can be rather high, but you can get discounts to cut the cost considerably. Some trigger automatically at the time of quoting, but lesser-known reductions have to be inquired about before you get the savings.Auto insurance discounts

You should keep in mind that most discount credits are not given to the entire policy premium. Most only cut individual premiums such as comprehensive or collision. Even though the math looks like all the discounts add up to a free policy, companies wouldn't make money that way. But any discount should help reduce your auto insurance premiums.

A list of companies and a summarized list of policyholder discounts can be read below.

Before buying, ask every company which discounts they offer. Some of the earlier mentioned discounts may not be offered in your area. To locate providers who offer cheap Volkswagen Golf insurance quotes in Colorado Springs, click here.

Car insurance agents are trained to help

Many people just want to get advice from a local agent. An additional benefit of getting online price quotes is that drivers can save money and get cheap insurance rates and still have a local agent. Buying insurance from small agencies is still important in Colorado Springs.

Find insurance agent in Colorado SpringsTo make it easy to find an agent, after completing this quick form, the coverage information is instantly submitted to local insurance agents in Colorado Springs that provide free Colorado Springs auto insurance quotes for your coverage. It simplifies rate comparisons since you won't have to find an agent because quoted prices will be sent to you. You can get cheaper insurance rates and an insurance agent to talk to. If you need to get a comparison quote from a specific company, you just need to go to their quote page and fill out the quote form the provide.

Picking the best provider requires more thought than just a cheap price. Below are some questions you should ask.

After getting positive responses for all questions you ask as well as a affordable price, you have narrowed it down to an provider that meets the criteria to properly service your insurance policy. It's important to know that once you purchase a policy you can cancel your policy whenever you wish so don't feel that you're stuck with any specific company with no way out.

The Volkswagen Golf Insurance Price Equation

An important part of buying insurance is that you know a few of the rating criteria that go into determining your policy premiums. When you know what positively or negatively positively or negatively impacts your premiums, this enables informed choices that can help you get better insurance rates.

Men pay more for auto insurance - The statistics show that men are more aggressive behind the wheel. However, this does not mean females are better drivers. Females and males are responsible for at-fault accidents in similar numbers, but the men have accidents that have higher claims. Men also tend to receive more major tickets such as DWI and reckless driving. Male drivers age 16 to 19 cause the most accidents and therefore are the most expensive to insure.

Does your vocation raise your prices? - Careers such as military personnel, business owners and accountants are shown to have the highest average rates in part from job stress and lengthy work days. Conversely, jobs such as professors, students and performers pay lower than average rates.

Cars with good safety ratings means cheaper rates - Vehicles with high crash test scores tend to be cheaper to insure. Vehicles built for safety protect occupants better and lower injury rates translates into savings for insurance companies and lower rates for you.

Liability protection limits on your policy - A critical coverage on your policy, liability insurance is the coverage that protects you if you are found liable for causing personal injury or damage in an accident. Liability provides legal defense to defend your case. This coverage is relatively inexpensive as compared to coverage for physical damage, so do not cut corners here.

How old are your drivers? - Older insureds are shown to be more cautious, tend to file fewer claims, and receive fewer citations.Young drivers are proven to be less responsible when driving with friends therefore insurance rates are much higher.

Low physical damage deductibles mean high prices - Your deductibles define the amount you are willing to pay if you file a covered claim. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some instances where coverage would apply are rearending another vehicle, collision with a deer, and having a roll-over accident. The larger the amount the insured has to pay upfront, the less money you will pay for insurance.

Extra coverages you don't need - There are a ton of optional add-on coverages that may not really be needed when buying insurance. Things like rental car reimbursement, better glass coverage, and additional equipment coverage are probably not needed. These may sound like a good investment when discussing your needs, but if they're wasting money consider taking them off your policy.

No policy claims equals better rates - Insurance companies in Colorado generally give the best rates to drivers who do not file claims often. If you are a frequent claim filer, you can look forward to higher rates. Your car insurance is intended to be relied upon for claims that pose a financial burden.

Volkswagen Golf claim statistics - Insurance companies include the past claim history for a vehicle to calculate a price that offsets possible losses. Models that have higher loss trends will cost more for specific coverages. The table shown below demonstrates the loss history for Volkswagen Golf vehicles.

For each type of coverage, the claim probability for all vehicles, without regard to make or model, is represented as 100. Values under 100 suggest losses that are better than average, while percentage numbers above 100 point to more frequent losses or an increased chance of a larger loss.

Auto Insurance Loss Data for Volkswagen Golf Models

Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volkswagen Golf 109 97
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Why you need to buy car insurance

Despite the high cost, insuring your vehicle may be required and benefits you in several ways.

The benefits of buying enough insurance definitely exceed the cost, specifically if you ever have a liability claim. But the average American driver overpays as much as $865 each year so it's very important to do a rate comparison each time the policy renews to make sure the price is not too high.

How much can you save?

As you go through the steps to switch your coverage, it's very important that you do not buy lower coverage limits just to save a few bucks. There are many occasions where an insured cut comprehensive coverage or liability limits only to find out that the few dollars in savings costed them thousands. Your aim should be to buy enough coverage at the best cost, but don't skip important coverages to save money.

Low-cost Volkswagen Golf insurance in Colorado Springs is definitely available online and also from your neighborhood Colorado Springs agents, and you need to comparison shop both to have the best chance of lowering rates. Some companies don't offer rate quotes online and these smaller providers only sell coverage through independent agents.

We just covered a lot of information how to get a better price on Volkswagen Golf insurance in Colorado Springs. The key concept to understand is the more providers you compare, the higher your chance of finding low cost Colorado Springs auto insurance quotes. Consumers could even find that the most savings is with an unexpected company. Regional companies often have lower car insurance rates on specific markets than the large multi-state companies such as Allstate and Progressive.

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