Insurance rates Volkswagen Passat in DenverBeing forced to pay for expensive auto insurance premiums can overdraw your family's budget and maybe even restrict other spending.

Astonishing but true according to a recent study, a large majority of consumers renewed their policy with the same company for at least the last four years, and almost half have never taken the time to shop around. Many drivers in Denver could pocket about 35% a year just by getting comparison quotes, but they don't know the large savings they would see if they changed companies.

People have so many auto insurance companies to buy insurance from, and although it's nice to have a choice, more options can take longer to compare company pricing for Volkswagen Passat insurance in Denver.

You need to compare premium rates every six months due to the fact that insurance prices are rarely the same from one policy term to another. Despite the fact that you may have had the lowest price on Volkswagen Passat insurance in Denver six months ago you can probably find a lower rate today. Don't believe everything you read about Passat insurance on the web, but we're going to give you some guaranteed methods to stop overpaying for insurance in Denver.

The goal of this article is to tell you how to effectively get price quotes and how you can save the most money. If you have insurance now, you should be able to buy cheaper auto insurance using these tips. Nevertheless, Colorado drivers need to learn the methods companies use to charge you for coverage because it varies considerably.

Eight Things That Impact Your Insurance Rates

Lots of factors are considered when pricing auto insurance. Some factors are common sense like a motor vehicle report, but others are not as apparent such as whether you are married or your commute time. It's important that you understand a few of the rating criteria that go into determining your policy premiums. If you have some idea of what impacts premium levels, this empowers consumers to make smart changes that could result in much lower annual insurance costs.

The items below are most of the major factors used by insurance companies to determine rates.

The are a couple different ways to compare rate quotes from lots of Colorado insurance companies. The quickest method to comparison shop is to perform an online rate comparison.

It's so simple to compare insurance quotes online takes the place of having to call or drive to all the different Denver insurance agencies. Doing it all online eliminates this option unless you prefer the trained advice of a local Denver agent. You can, however, price shop online and get advice from an agent in your area. Just remember that more quotes will increase your chances of finding more affordable rates.

The companies shown below offer price quotes in Denver, CO. If the list has multiple companies, we recommend you visit two to three different companies in order to get a fair rate comparison.

Volkswagen Passat Insurance Rates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $306 $538 $298 $18 $90 $1,250 $104
Passat Komfort 4-Dr Sedan $172 $312 $362 $22 $108 $976 $81
Get Your Own Custom Quote Go

Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Premium amounts do not factor in specific zip code location which can alter premiums substantially.

Analysis of deductible levels

One of the most common auto insurance questions is how high should the physical damage coverage deductibles be. The following insurance rates approximate the rate fluctuation when you select higher and lower coverage deductibles. The first rate estimation uses a $250 physical damage deductible and the second pricing table uses a $500 deductible.

Volkswagen Passat insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $306 $538 $298 $18 $90 $1,275 $106
Passat Komfort 4-Dr Sedan $306 $538 $352 $20 $106 $1,347 $112
Get Your Own Custom Quote Go
Volkswagen Passat insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $250 $434 $298 $18 $90 $1,090 $91
Passat Komfort 4-Dr Sedan $250 $434 $352 $20 $106 $1,162 $97
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Information does not factor in your specific Denver location which can revise price quotes noticeably.

Based on the figures above, using a $250 deductible could cost the average driver approximately $15 more each month or $180 each year than buying the higher $500 deductible. Because you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you have at a minimum 17 months between claims, you would probably come out ahead by going with a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $250 deductibles: $109
Average monthly premium for $500 deductibles (subtract): - $94
Monthly savings from raising deductible: $15
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One thing to be aware of is that a higher deductible level means you will have to pay more at claim time. That will force you to have some savings in the event you have to pay more for the deductible.

Where to set your deductibles

The chart below illustrates how your deductible choice and can change Volkswagen Passat insurance rates for different age groups. Data assumes a single female driver, full physical damage coverage, and no discounts are factored in.

Auto insurance is not optional

Despite the fact that auto insurance is not cheap in Denver, insuring your vehicle serves an important purpose.

The benefits of carrying adequate insurance more than offset the price you pay, particularly when you have a large claim. But the average American driver overpays more than $750 every year so you should quote and compare rates at least once a year to help ensure money is not being wasted.

Denver insurance discounts for a Volkswagen Passat

Some providers don't always list all their discounts very clearly, so the below list has both the well known and the harder-to-find credits available to you.Discount auto insurance

As a disclaimer on discounts, some of the credits will not apply to the entire cost. A few only apply to individual premiums such as medical payments or collision. So when the math indicates all the discounts add up to a free policy, it's just not the way it works.

A few popular companies and some of the premium reductions they offer include:

Before buying, ask every insurance company which discounts you qualify for. Some discounts may not apply to policyholders in your state.

Compare rates but buy from a local neighborhood Denver car insurance agent

A small number of people still prefer to go talk to an agent and doing so can bring peace of mind One of the best bonuses of getting online price quotes is you may find cheap rate quotes and still choose a local agent. And providing support for local agencies is definitely important in Denver.

Insurance agents in DenverAfter filling out this short form, your insurance coverage information is instantly submitted to local insurance agents who can give free rate quotes for your business. You won't need to find an agent since rate quotes are delivered to you instantly. You can most likely find cheaper rates without a big time investment. If you need to compare prices for a specific company, just search and find their rate quote page to submit a rate quote request.

When narrowing the list to find a reliable insurance agency, it helps to know the two types of agencies and how they can service your needs differently. Agents can be described as either independent agents or exclusive agents depending on their employer.

Independent Insurance Agencies

Independent agencies are not employed by one company and that allows them to write policies with lots of companies and find you cheaper rates. If premiums increase, the business is moved internally and you can keep the same agent. When comparing rate quotes, you absolutely need to get several quotes from at least one independent agent for maximum quote selection.

Shown below are Denver independent insurance agencies who can help you get pricing information.

Gonzalez Insurance Agency
6450 E Colfax Ave - Denver, CO 80220 - (303) 320-4901 - View Map

2238 S Broadway - Denver, CO 80210 - (303) 777-2991 - View Map

1660 S Albion St # 1005 - Denver, CO 80222 - (303) 759-4551 - View Map

More Denver agents

Exclusive Insurance Agencies

These agents can only provide pricing for a single company and some examples include Allstate, Farmers Insurance or State Farm. They usually cannot give you multiple price quotes so you might not find the best rates. Exclusive insurance agents receive a lot of sales training on their company's products which helps them sell on service rather than price.

Shown below are exclusive agencies in Denver that are able to give price quotes.

2401 E 6th Ave - Denver, CO 80206 - (303) 722-1139 - View Map

1100 Acoma St - Denver, CO 80204 - (720) 508-8760 - View Map

118 W 5th Ave - Denver, CO 80204 - (303) 280-1115 - View Map

More Denver agents

Choosing the best insurance agent is decision based upon more than just a cheap price. Any agent in Denver should be forthright in answering these questions:

Don't give up on cheaper rates

As you quote Denver auto insurance, it's very important that you do not reduce needed coverages to save money. In too many instances, an insured dropped uninsured motorist or liability limits and discovered at claim time that the few dollars in savings costed them thousands. Your focus should be to buy the best coverage you can find at an affordable rate while not skimping on critical coverages.

There are still a few companies who may not offer internet price quotes and most of the time these regional insurance providers sell through local independent agents. Low-cost Volkswagen Passat insurance in Denver is attainable from both online companies in addition to many Denver insurance agents, and you should compare price quotes from both so you have a total pricing picture.

Additional auto insurance information can be read at these links: