A recent survey discovered that nearly 70% of consumers kept their policy with the same company for a minimum of four years, and nearly 40% of drivers have never quoted insurance rates at all. The average driver in Colorado Springs can cut their rates by 35% a year, but they just feel it’s too hard to go online and compare rates.
If saving the most money is your goal, then the best way to find more affordable car insurance rates in Colorado Springs is to do a yearly price comparison from different companies who provide auto insurance in Colorado.
- Read and learn about how insurance works and the measures you can take to keep rates down. Many risk factors that result in higher rates such as speeding tickets, accidents and a substandard credit history can be eliminated by improving your driving habits or financial responsibility. Later in this article we will cover more ideas to get cheaper rates and find additional discounts you may qualify for.
- Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while independent agents can quote prices from multiple companies.
- Compare the new rates to the price on your current policy and see if there is a cheaper rate. If you find better rates and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Notify your company or agent of your decision to cancel your existing policy and submit the application along with any required down payment to the new company. As soon as you can, place the new certificate verifying coverage above your visor, in the console, or in the glove compartment.
An important part of this process is to make sure you enter the same liability limits and deductibles on each quote and and to get quotes from as many companies as possible. This provides a level playing field and a complete price analysis.
It’s important to know that comparing more rates from different companies helps increase your odds of locating the best price. Some regional insurers cannot provide online price quotes, so you also need to get rates from those companies as well.
The companies in the list below provide price comparisons in Colorado. In order to find cheap car insurance in CO, we recommend you visit two to three different companies to get the best price comparison.
Detailed insurance information
The rate information below outlines detailed analysis of insurance coverage prices for Volkswagen Passat models. Having a good understanding how rate quotes are established can benefit drivers when making decisions on which insurance to purchase.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Passat Komfort Station Wagon||$264||$528||$314||$18||$94||$1,218||$102|
|Passat Komfort 4-Dr Sedan||$264||$528||$368||$22||$110||$1,292||$108|
|Get Your Own Custom Quote Go|
Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price estimates do not factor in zip code location which can modify price quotes significantly.
The information below demonstrates how deductible levels and can affect Volkswagen Passat insurance rates for different categories of driver ages. The costs are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Annual premiums for males compared to females
The chart below illustrates the difference between Volkswagen Passat annual premium costs for male and female drivers. The prices are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, drivers are single, and no additional discounts are factored in.
Full coverage versus liability-only in Colorado Springs
The example below compares Volkswagen Passat annual premium costs when comparing full coverage to state minimum liability only. The price estimates are based on a clean driving record, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are applied to the premium.
Should you be buying full coverage?
There is no written rule to stop buying physical damage coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let’s say your Volkswagen Passat book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $6,000 after paying the physical damage deductible. If it’s costing you more than $600 annually for full coverage, then it’s probably a good time to buy liability coverage only.
There are some circumstances where dropping physical damage coverage is not a good idea. If you still have a lienholder on your title, you must maintain physical damage coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Auto insurance is available from your local insurance agencies
A lot of people just prefer to sit down with an agent. The biggest benefit of getting free rate quotes online is that you can obtain cheap auto insurance quotes and still have an agent to talk to.
By using this form (opens in new window), the coverage information is emailed to companies in Colorado Springs that can provide free Colorado Springs auto insurance quotes for your auto insurance coverage. It simplifies rate comparisons since you won’t have to do any legwork since rate quotes are delivered instantly to you. It’s the lowest rates AND a local agent. If you need to compare rates from one company in particular, just navigate to their website to submit a rate quote request.
Choosing the best provider needs to be determined by more than just a cheap quote. The questions below may impact your decision as well.
- Will you get a loaner vehicle if you car is being repaired?
- Do they specialize in personal lines coverage in Colorado Springs?
- What insurance companies do they recommend if they are an independent agent?
- Is working in the agency their full-time job?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Will the agent help in case of a claim?
- What is their Better Business Bureau rating?
- Do they have designations such as AIC, CPCU, or CIC?
Two types of car insurance agents
If you’re trying to find a reputable agency, you should know the types of insurance agents from which to choose. Agents may be either independent agents or exclusive agents.
Exclusive agents can only provide pricing for a single company such as Allstate and State Farm. Exclusive agents cannot compare other company’s rates so keep that in mind. Exclusive agents are highly trained on what they offer and that enables them to sell even at higher rates. Some people will only buy insurance from these agents mainly due to the brand name rather than low price.
Shown below are Colorado Springs exclusive insurance agents willing to provide rate quotes.
- John Hall – State Farm Insurance Agent
1614 Academy Blvd N b – Colorado Springs, CO 80909 – (719) 596-1414 – View Map
- American Family Insurance – Diane Christensen
1957 W Uintah St – Colorado Springs, CO 80904 – (719) 477-1636 – View Map
- Austin Morgan – State Farm Insurance Agent
2606 Palmer Park Blvd – Colorado Springs, CO 80909 – (719) 630-1800 – View Map
These type of agents do not work for one specific company so they can insure your vehicles with an assortment of companies and find you cheaper rates. If premiums increase, they simply move the coverage in-house without you having to go to a different agency.
If you need cheaper auto insurance rates, you should always include rate quotes from several independent insurance agents to get the best comparison. They often place coverage with companies that do not advertise much that can offer cheaper rates than bigger companies.
Listed below is a list of independent agencies in Colorado Springs that can give you price quotes.
- WIN Insurance Agency
3485 Academy Blvd N Ste 101 – Colorado Springs, CO 80917 – (719) 599-9494 – View Map
- Mary Beth Stiltner Insurance Agency
1880 Dublin Blvd # C – Colorado Springs, CO 80918 – (719) 528-1555 – View Map
- O’Donnell Agency Inc
707 S Tejon St – Colorado Springs, CO 80903 – (719) 227-7100 – View Map
Which car insurance company is best in Colorado?
Picking a high-quality insurance provider can be difficult considering how many choices drivers have in Colorado Springs. The ranking data listed below can help you decide which providers you want to consider when comparing rate quotes.
Top 10 Colorado Springs Car Insurance Companies Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
Top 10 Colorado Springs Car Insurance Companies Ranked by Customer Service
- State Farm
- The Hartford
- Mercury Insurance
- The General
- AAA Insurance
- American Family