Cheap Insurance for an Audi A3 in Denver

No sane person is fond of buying auto insurance, in particular when their premiums are through the roof.

Astonishng but true according to a recent study, about 70% of customers kept buying from the same company for at least the last four years, and practically 40% of auto insurance customers have never even compared rates from other companies. With the average auto insurance premium being $1,847, U.S. drivers could save themselves roughly $850 a year, but most tend to underestimate the rate savings if they switched to a more affordable policy. Consumers have so many car insurance companies to buy insurance from, and although it’s nice to have a selection, it makes it harder to compare rates for Audi A3 insurance in Denver.

Affordable companies for Audi A3 insurance in Colorado

The companies shown below are our best choices to provide price quotes in Denver, CO. If multiple providers are shown, we recommend you get rates from several of them to get the best price comparison.

Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Rates do not factor in your specific Denver location which can alter coverage rates substantially.

Rate comparison for different deductibles

When shopping for car insurance, a common question is how high should the deductibles for physical damage be. The figures shown below sum up the difference in cost when you select higher and lower comp and collision deductibles. The first set of rates uses a $250 deductible for comp and collision and the second rate table uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Table data does not factor in your specific Denver location which can influence premiums noticeably.

Using the premium rates above, we can conclude that using a $250 deductible will cost you about $15 more each month or $180 a year than quoting the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you go at least 17 months between claims, you would probably come out ahead if you opt for a higher deductible.

Impact of speeding/accidents on car insurance rates

The example below shows how speeding tickets and at-fault accidents can influence Audi A3 auto insurance rates for different categories of driver ages. The rate quotes are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.

These discounts can lower your auto insurance rates

Auto insurance is not inexpensive, but you might already qualify for some discounts to help bring down the price. Certain reductions will be credited when you purchase, but some must be specially asked for before you will receive the discount.

• Clubs and Organizations – Joining qualifying clubs or civic groups may earn a discount when shopping for auto insurance.
• No Claims – Claim-free drivers pay less when compared to drivers who are more careless.
• Student Discounts – A discount for being a good student could provide a savings of up to 20% or more. This discount can apply until age 25.
• Federal Employees – Federal government employees could cut as much as 10% off with a few auto insurance companies.
• New Vehicle Savings – Adding a new car to your policy can get you a discount since new model year vehicles are generally safer.
• Passive Restraint Discount – Vehicles with factory air bags or automatic seat belts can qualify for discounts of 20 to 30 percent.
• Own a Home and Save – Owning a house in Denver can save you money because owning a home shows financial diligence.
• Active Service Discounts – Having a family member in the military can result in better auto insurance rates.

As a sidenote, many deductions do not apply to the whole policy. Most only reduce the cost of specific coverages such as medical payments or collision. Even though the math looks like all the discounts add up to a free policy, it’s just not the way it works.

Larger auto insurance companies and a selection of discounts can be found below.

• State Farm discounts include accident-free, multiple autos, good student, passive restraint, safe vehicle, and multiple policy.
• Nationwide offers premium reductions for business or organization, anti-theft, Farm Bureau membership, easy pay, good student, accident-free, and multi-policy.
• GEICO may have discounts that include defensive driver, driver training, anti-theft, federal employee, and daytime running lights.
• AAA may offer discounts for anti-theft, multi-car, AAA membership discount, education and occupation, and good student.
• 21st Century may include discounts for theft prevention, defensive driver, anti-lock brakes, student driver, air bags, and teen driver.
• The Hartford policyholders can earn discounts including driver training, bundle, anti-theft, good student, defensive driver, and air bag.

When getting a coverage quote, ask each company which discounts you qualify for. Some discounts may not apply to policyholders in your state. If you would like to view companies with significant discounts in Denver, click this link.

Get rate quotes but work with a local Denver insurance agent

Many people would prefer to buy from a local agent and that can be a great decision Experienced insurance agents are trained risk managers and help submit paperwork. A nice benefit of price shopping on the web is you may find cheap car insurance rates but still work with a licensed agent. Supporting local insurance agents is especially important in Denver.

Once you complete this form (opens in new window), your information is transmitted to agents in your area who will give you bids for your car insurance coverage. It’s much easier because you don’t need to leave your computer because quoted prices will be sent to you directly. If you have a need to compare prices from a specific car insurance provider, feel free to go to their quote page and submit a quote form there.

Exclusive or Independent: There is a difference

When searching for a local Denver insurance agency, you should know the different agency structures and how they operate. Agents in Denver are either exclusive or independent (non-exclusive). Both types can do a good job, but it’s good to learn how they differ because it may have an impact on your selection of an agent.

Independent Car Insurance Agencies or Brokers

Independent insurance agents do not have single company limitations so they can write business through many different car insurance companies enabling the ability to shop coverage around. To move your coverage to a new company, your agent can switch companies without you having to go to a different agency.

If you need cheaper car insurance rates, you will definitely want to compare quotes from several independent agencies in order to have the best price comparison.

Below is a small list of independent agencies in Denver that may be able to provide free car insurance quotes.

View more Denver agents

Exclusive Car Insurance Agents

Agents in the exclusive channel can only provide pricing for a single company like State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents are unable to provide other company’s prices so it’s a take it or leave it situation. Exclusive agents receive extensive training on what they offer which can be an advantage.

The following are Denver exclusive agents that are able to give rate quotes.

View more Denver agents

Selecting a auto insurance agent is decision based upon more than just the quoted price. Some important questions to ask are:

• Do they get extra compensation for selling add-on coverages?
• Does the company use OEM repair parts?
• Can glass claims be handled at your home?
• In the event of vehicle damage, can you pick the collision repair facility?
• How are claims handled?

Don’t give up on cheap premiums

We just covered a lot of techniques to lower your Audi A3 insurance premium rates in Denver. The key concept to understand is the more times you quote, the better your comparison will be. Consumers could even find that the best price on auto insurance is with the smaller companies. Regional companies may have significantly lower prices on certain market segments compared to the large companies like State Farm, GEICO and Nationwide.

When trying to cut insurance costs, it’s a bad idea to skimp on coverage in order to save money. In too many instances, an accident victim reduced full coverage only to discover later that the few dollars in savings costed them thousands. The goal is to buy a smart amount of coverage at an affordable rate.

More resources

• Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
• What Car Insurance is Cheapest for a Hyundai Elantra in Denver? (FAQ)
• Who Has Cheap Auto Insurance Rates for a Jeep Wrangler in Denver? (FAQ)
• Who Has Affordable Denver Auto Insurance Rates for a Ford Explorer? (FAQ)
• Information for Teen Drivers (GEICO)
• Pickups fall short in headlight tests (Insurance Institute for Highway Safety)