Cheap Colorado Springs Volkswagen Golf Insurance

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Volkswagen Golf insurance policy
Volkswagen Golf insurance policy image courtesy of QuoteInspector.com

Insurance rates Volkswagen Golf in Colorado SpringsWant to learn how to save money and find lower-priced Volkswagen Golf insurance in Colorado Springs? Finding cheap Volkswagen Golf insurance in Colorado Springs might be hard for drivers who have little experience comparison shopping online. You have so many different companies and agents to choose from that it can quickly become a real challenge to find the perfect company for you.

Sadly, nearly 70% of consumers have remained with the same auto insurance company for a minimum of four years, and about 40% of consumers have never compared rates from other carriers. Consumers in the United States could save 46.5% every year by just shopping around, but they just don't understand how much savings they would realize if they moved their coverage to a different company.

The goal of this article is to let you in on the best way to buy inexpensive car insurance and some tricks to saving. If you have a current car insurance policy, you stand a good chance to be able to shop for the lowest rates using the concepts covered in this article. But Colorado vehicle owners must know the methods companies use to price insurance differently because rates fluctuate considerably.

When price shopping your coverage, obtaining a wide range of quotes will enable you to find a lower rate.

The companies shown below have been selected to offer price quotes in Colorado. If your goal is to find the best cheap car insurance in Colorado Springs, CO, we recommend you get prices from several of them in order to get a fair rate comparison.

Protect more than your Golf

Despite the high cost, insurance may be required and benefits you in several ways.

First, just about all states have minimum liability requirements which means the state requires specific limits of liability coverage in order to get the vehicle licensed. 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 your Volkswagen Golf has a lienholder, it's guaranteed your bank will have a requirement that you have full coverage to guarantee their interest in the vehicle. If you default on your policy, the lender may have to buy a policy to insure your Volkswagen at a more expensive rate and force you to reimburse them for the expensive policy.

Third, insurance protects not only your Volkswagen but also your assets. It will also cover all forms of medical expenses for not only you but also any passengers injured in an accident. Liability insurance also covers all legal expenses up to the policy limit if you cause an accident and are sued. If you have damage to your Volkswagen as the result of the weather or an accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of buying car insurance more than cancel out the cost, especially if you ever need it. On average, a vehicle owner in Colorado Springs overpays as much as $850 per year so you should quote and compare rates each time the policy renews to be sure current rates are still competitive.

Car insurance statistics for a Volkswagen Golf

The premium table displayed below covers different coverage costs for Volkswagen Golf models. Understanding more about how auto insurance policy rates are determined can help guide drivers when making smart choices when buying a policy.

Volkswagen Golf Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Golf 2.5 2-Dr Hatchback $200 $400 $362 $22 $108 $1,092 $91
Golf 2.5 4-Dr Hatchback $226 $400 $362 $22 $108 $1,118 $93
Golf 2.0T Turbo Diesel 2-Dr Hatchback $226 $460 $362 $22 $108 $1,178 $98
Golf 2.0T Turbo Diesel 4-Dr Hatchback $226 $400 $362 $22 $108 $1,118 $93
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rates do not factor in zip code location which can change premiums significantly.

Where to set your deductibles

When buying car insurance, a common question is how high should your deductibles be. The tables below determine how much more you'll pay between high and low deductibles. The first rate table uses a $100 deductible for physical damage and the second price chart uses a $1,000 deductible.

Volkswagen Golf insurance 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 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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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Table data does not factor in garaging location in Colorado Springs which can affect prices significantly.

Using the data above, we can ascertain that using a $100 deductible will cost you about $40 more each month or $480 every year averaged for all Golf models than quoting the higher $1,000 deductible. Because you would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 23 months between claim filings, you would probably save some money if you choose a higher deductible. Here's a better example of how this decision is made.

Average monthly premium for $100 deductibles: $125
Average monthly premium for $1,000 deductibles (subtract): - $85
Monthly savings from raising deductible: $40
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $40
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One important caveat is that higher deductibles results in having to pay to pay more out-of-pocket when you file a claim. It will be required that you have enough disposable income in the event you have to pay the higher deductible.

Cost comparison with and without full coverage

The example below compares Volkswagen Golf auto insurance rates with full coverage and liability only. The premiums assume no claims or driving violations, $100 deductibles, single status, and no other discounts are factored in.

Should you buy full coverage or liability only?

There is no written rule for eliminating comp and collision coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let's assume your Volkswagen Golf book value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $4,000 after you pay the deductible. If it's costing in excess of $400 annually for physical damage coverage, then you might want to think about dropping full coverage.

There are some scenarios where only buying liability is not in your best interest. If you still have a loan on your vehicle, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not drop full coverage.

Cheaper rates with these price cutting discounts

Companies offering auto insurance don't always list all possible discounts very clearly, so here is a list both the well known and the harder-to-find credits available to you. If you aren't receiving every discount available, you're paying more than you need to.Discount insurance

  • Sign Online - Some insurance companies will give you a small discount simply for signing on the web.
  • Discount for Good Grades - Performing well in school could provide a savings of up to 20% or more. This discount can apply until age 25.
  • Multi-Vehicle Discounts - Drivers who insure several vehicles on one policy can get a discount on all vehicles.
  • Anti-theft System - Vehicles with anti-theft systems can help prevent theft and can earn a small discount on your policy.
  • Telematics Devices - Colorado Springs drivers who agree to allow data collection to look at driving patterns by using a small device installed in their vehicle such as Progressive's Snapshot may see discounts if they have good driving habits.
  • 55 and Retired - If you qualify as a senior citizen, you are able to get better insurance rates.
  • Membership in Organizations - Being in a qualifying organization is a simple method to lower premiums on your bill.
  • Policy Bundle Discount - If you can bundle your homeowners and auto insurance with one insurance company you may save 10% to 20% off each policy.

You should keep in mind that most credits do not apply to the entire cost. Some only reduce individual premiums such as liability, collision or medical payments. So even though it sounds like you could get a free insurance policy, companies wouldn't make money that way.

The example below shows the difference between Volkswagen Golf insurance premiums with and without some available policy discounts. The information is based on a female driver, no claims, a clean driving record, Colorado state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, safe-driver, multi-policy, claim-free, and multi-car discounts applied.

A list of companies and their possible discounts are shown below.

  • GEICO may offer discounts for daytime running lights, multi-vehicle, military active duty, emergency military deployment, anti-lock brakes, driver training, and good student.
  • USAA discounts include defensive driver, multi-policy, military installation, vehicle storage, new vehicle, driver training, and safe driver.
  • Progressive may include discounts for continuous coverage, good student, multi-vehicle, multi-policy, and online signing.
  • American Family has discounts for Steer into Savings, defensive driver, good student, air bags, accident-free, and TimeAway discount.
  • Esurance offers discounts including paid-in-full, defensive driver, anti-lock brakes, emergency road assistance, multi-policy, and safety device.
  • Farmers Insurance policyholders can earn discounts including multi-car, mature driver, homeowner, early shopping, teen driver, electronic funds transfer, and alternative fuel.
  • State Farm has savings for good student, driver's education, defensive driving training, Steer Clear safe driver discount, and safe vehicle.

Before buying, ask each insurance company which discounts they offer. Some credits might not be available to policyholders everywhere. To find insurance companies that provide some of the discounts listed above in Colorado, follow this link.

Special considerations

When it comes to choosing coverage for your vehicles, there really is no perfect coverage plan. Your situation is unique.Drive safe and save

For instance, these questions can aid in determining whether your personal situation might need professional guidance.

  • Do they offer discounts for home and auto coverage?
  • Who is covered when they drive my Volkswagen Golf?
  • Do I have coverage if my license is suspended?
  • What does PIP insurance cover?
  • Should I buy additional glass protection?
  • Which companies will insure high-risk drivers?

If you can't answer these questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form.