Auto Insurance Quotes for a Volkswagen Eos in Aurora

Insurance rates Volkswagen Eos in AuroraTrying to find better insurance prices for your Volkswagen Eos in Colorado can normally be difficult, but you can learn the following methods to save time. There are more efficient ways to buy insurance and you need to know the quickest way to get price quotes on a Volkswagen and find the lowest price from both online companies and Aurora agents.

Seven factors that impact insurance rates

One of the most helpful ways to save on insurance is to to have a grasp of the factors that help calculate the rates you pay for insurance. If you understand what determines base rates, this helps enable you to make changes that could result in big savings.

Shown below are some of the things insurance companies consider when setting your rate level.

Your spouse saves you money – Your spouse may earn you lower rates compared to being single. Marriage generally demonstrates drivers are more mature than a single person it has been statistically shown that drivers who are married file infrequent claims.

Certain vocations raise rates – Do you work in a high-stress field? Jobs such as fire fighters, executives, and stock brokers tend to have higher rates than the rest of us in part from high stress levels and extremely grueling work hours. On the flip side, professions such as actors, historians and performers get better rates.

Continuous insurance coverage saves money – Not having insurance is a misdemeanor and insurance companies will penalize you for letting your insurance expire. And not only will insurance be more expensive, getting caught without coverage will get you a fine, jail time, or a revoked license. Then you may be required to prove you have insurance by filing a SR-22 with the Colorado DMV.

Performance makes a difference – The make and model of the car you own makes a huge difference in determining your rates. The cheapest insurance rates are usually found on smaller low performance passenger vehicles, but that’s not the only thing that factors into the final price.

The chart below assumes a married female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Volkswagen Eos insurance rates compared to other makes and models that have a range of performance risks.

Cautious drivers pay less – Your driving citation history impacts your car insurance rates tremendously. Drivers who don’t get tickets pay lower auto insurance prices than people who have multiple driving citations. Getting just one ticket can bump up the cost by twenty percent. Drivers who have gotten serious tickets such as hit and run, DWI or reckless driving convictions may find that they have to to prove financial responsibility with their state’s licensing department in order to keep their license.

The illustration below demonstrates how traffic citations and at-fault claims can raise Volkswagen Eos car insurance costs for each different age group. The information is based on a married male driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.

Premiums can change based on your address – Having an address in small towns and rural areas can be a good thing when talking about insurance. Residents of big cities have to deal with much more traffic and longer commutes to work. Fewer drivers means reduced accidents and lower theft and vandalism rates.

Drivers with excellent credit save – Your credit history can be a huge factor in determining premium rates. So if your credit rating is not that good, you could save money insuring your Volkswagen Eos by improving your credit score. Consumers who have excellent credit scores tend to be less risk to insure as compared to drivers with poor credit.

Insurance losses for a Volkswagen Eos – Auto insurance companies factor in historical loss data when determining insurance rates. Vehicles that are shown to have higher frequency or amount of claims will cost more for coverage.

The table below demonstrates the insurance loss data for Volkswagen Eos vehicles. For each insurance policy coverage type, the claim amount for all vehicles averaged together is equal to 100. Percentage numbers below 100 are indicative of better than average losses, while values that are above 100 show a trend for more claims or an increased chance of larger losses than average.

Volkswagen Eos Insurance Claim Statistics
Vehicle Make and 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
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Facts and figures for Volkswagen Eos insurance

The premium information below showcases estimates of coverage costs for Volkswagen Eos models. Having a good grasp of how insurance premiums are figured can be of help when making smart choices when comparing insurance rates.

Volkswagen Eos Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
EOS Komfort Turbo 2-Dr Convertible $306 $538 $352 $20 $106 $1,322 $110
EOS Luxury Turbo 2-Dr Convertible $306 $538 $352 $20 $106 $1,322 $110
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Price estimates do not factor in specific location information which can impact auto insurance rates greatly.

Analysis of deductible levels

One frequently asked question is how high should your deductibles be. The following tables approximate how much more rates are when you buy lower versus higher coverage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.

Volkswagen Eos insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
EOS Komfort Turbo 2-Dr Convertible $342 $644 $352 $20 $106 $1,489 $124
EOS Luxury Turbo 2-Dr Convertible $342 $644 $352 $20 $106 $1,489 $124
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Volkswagen Eos insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
EOS Komfort Turbo 2-Dr Convertible $190 $340 $352 $20 $106 $1,008 $84
EOS Luxury Turbo 2-Dr Convertible $190 $340 $352 $20 $106 $1,008 $84
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in zip code location which can modify price quotes noticeably.

Based on the above data, using a $100 deductible costs about $40 more each month or $480 annually than buying 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 save some money going with the higher deductible.

The diagram below demonstrates how choosing different deductibles and can increase or decrease Volkswagen Eos insurance prices for different age categories. The premiums assume a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

Gender differences in car insurance premiums

The information below illustrates the difference between Volkswagen Eos insurance prices for male and female drivers. The costs are based on no claims, a clean driving record, comp and collision included, $500 deductibles, single status, and no other discounts are factored in.

Full coverage versus liability-only

The example below compares Volkswagen Eos insurance costs with liability coverage only compared to full coverage. The costs are based on no violations or accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.

When to drop comp and collision

There isn’t a steadfast formula of when to stop paying for comp and collision coverage, but there is a general convention. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s assume your Volkswagen Eos settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after you pay the deductible. If it’s costing in excess of $700 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where eliminating full coverage is not advised. If you haven’t paid off your loan, you are required to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.

These discounts can lower your insurance quotes

Buying insurance is not cheap, but there’s a good chance there are discounts that you may not know about. Certain credits will be shown at quote time, but some discounts are required to be requested specifically before they will apply.Discount insurance

Don’t be surprised that most discounts do not apply to the entire policy premium. Most only cut individual premiums such as physical damage coverage or medical payments. If you do the math and it seems like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

The illustration below illustrates the difference between Volkswagen Eos insurance costs with and without discounts applied to the policy premium. The prices are based on a female driver, no accidents, no driving violations, Colorado state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, homeowner, safe-driver, and multi-policy discounts applied.

If you would like to choose from a list of insurance companies who offer online Volkswagen Eos insurance quotes in Colorado, follow this link.

What is the best car insurance company in Aurora?

Selecting the right insurer can be difficult considering how many companies are available to choose from in Aurora. The ranking data displayed below may help you choose which companies you want to consider putting your business with.

Top 10 Aurora Car Insurance Companies Overall

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Titan Insurance
  9. Progressive
  10. Allstate

One last thing to lower rates

When you buy Aurora auto insurance online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many cases where an insured dropped full coverage only to regret that they should have had better coverage. The proper strategy is to buy enough coverage for the lowest price, but don’t skip important coverages to save money.

We’ve covered a lot of tips how to compare Volkswagen Eos insurance car insurance rates in Aurora. The most important thing to understand is the more price quotes you have, the better likelihood of getting low cost Aurora auto insurance quotes. You may even find the most savings is with a small local company.

Consumers change insurance companies for many reasons like delays in responding to claim requests, extreme rates for teen drivers, lack of trust in their agent or even poor customer service. Regardless of your reason, finding a great new company is pretty simple and you could end up saving a buck or two.

Steps to finding better rates for Volkswagen Eos insurance in Aurora

Really, the only way to get affordable Volkswagen Eos insurance in Aurora is to start comparing prices yearly from companies who provide car insurance in Colorado.

  1. Try to understand policy coverages and the measures you can control to drop your rates. Many factors that cause rate increases such as accidents, traffic tickets, and an unfavorable credit rating can be controlled by making lifestyle changes or driving safer.
  2. Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from a single company like GEICO and State Farm, while agents who are independent can provide price quotes from multiple companies.
  3. Compare the new quotes to your existing rates to determine if switching companies saves money. If you find a lower rate and switch companies, make sure there is no coverage gap between policies.

The most important part of this process is to compare identical limits and deductibles on every quote request and and to get rates from as many companies as feasibly possible. This provides an accurate price comparison and the best price selection.

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