Online price comparisons for low cost Volkswagen Rabbit insurance can be a challenge if you are one of the many people new to online quotes. But don’t be overwhelmed because finding more affordable rates for Volkswagen Rabbit insurance in Denver is actually fairly simple.
Unfortunately, almost 70% of insureds in Colorado have stayed with the same insurance company for four years or more, and nearly the majority have never taken the time to shop around. Drivers in the United States could save an average of $860 each year, but they underestimate the big savings they would realize if they changed companies.
It’s a good habit to check auto insurance prices periodically because auto insurance prices change frequently. Just because you found the best quotes on Volkswagen Rabbit insurance in Denver a couple years back you can probably find a better rate now. You can search a lot of Rabbit insurance online but you can learn some guaranteed methods to lower your auto insurance bill.
Locating the cheapest coverage in Denver is not as confusing as people think. Nearly every person who compares rate quotes for car insurance stands a good chance to find a cheaper policy. Nevertheless, Colorado consumers need to learn how the larger insurance companies price insurance differently because rates fluctuate considerably.
The are a couple different ways to compare rate quotes from different Denver insurance companies. The recommended way to do a complete rate comparison involves getting comparison quotes online.
When price shopping your coverage, comparing more quotes helps improve the odds of finding more affordable insurance.
The companies shown below are our best choices to provide quotes in Denver, CO. If several companies are displayed, we recommend you click on several of them in order to get a fair rate comparison.
Here’s why insurance is not optional
Despite the high cost of buying insurance for a Volkswagen Rabbit in Denver, paying for insurance serves a purpose in several ways.
First, almost all states have minimum mandated liability insurance limits which means you are required to carry specific minimum amounts of liability protection in order to drive the car legally. 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 you bought your vehicle with a loan, it’s most likely the lender will make it a condition of the loan that you buy full coverage to protect their interest in the vehicle. If the policy lapses, the bank will be required to insure your Volkswagen at a more expensive rate and force you to pay for it.
Third, insurance preserves not only your Volkswagen Rabbit but also your financial assets. It will also provide coverage for most medical and hospital costs for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If mother nature or an accident damages your car, collision and comprehensive coverages will cover the repair costs.
The benefits of having insurance greatly outweigh the cost, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver overpays more than $850 per year so smart consumers compare quotes at every renewal to help ensure money is not being wasted.
Take these five policy discounts and save on Volkswagen Rabbit insurance in Denver
Some insurers don’t always publicize the entire discount list in an easy-to-find place, so the following list contains a few of the more common as well as the least known discounts you could be receiving when you buy Denver car insurance online.
- Waiver for an Accident – This isn’t a discount exactly, but a handful of insurance companies will allow you to have one accident without getting socked with a rate hike so long as you haven’t had any claims prior to the accident.
- No Accidents – Denver drivers who stay claim-free have much lower rates compared to drivers with a long claim history.
- Smart Student Discounts – This discount can earn a discount of 20% or more. Earning this discount can benefit you well after school through age 25.
- Theft Deterrent Discount – Cars equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and earn discounts up to 10% off your Denver car insurance quote.
- Passenger Safety Discount – Vehicles equipped with air bags and/or automatic seat belt systems may earn rate discounts up to 30%.
Consumers should know that most credits do not apply to the whole policy. Most cut the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears adding up those discounts means a free policy, it just doesn’t work that way.
If you would like to see a list of companies that have a full spectrum of discounts in Colorado, click here to view.
Insurance agent or online?
Many people still prefer to get professional advice from a licensed agent and that can be a great decision One of the benefits of comparing rates online is that you can find cheaper prices and also buy local. Buying from and supporting local agents is important particularly in Denver.
To make it easy to find an agent, after completing this form (opens in new window), your insurance data is sent to companies in Denver who will gladly provide quotes for your business. You won’t even need to leave your house as quotes are delivered immediately to you. It’s the lowest rates and a licensed agent to talk to. If you wish to compare rates from a specific insurance company, feel free to go to their quote page and fill out their quote form.
If you would like to find a reputable insurance agent or broker, it can be helpful to understand the different types of agencies that you can choose from. Agencies in Denver are either exclusive agents or independent agents.
Independent Car Insurance Agents
These agents do not have single company limitations and that is an advantage because they can write policies with lots of companies and possibly get better coverage at lower prices. If prices rise, the agent simply finds a different carrier and you stay with the same agent.
If you are comparing rate quotes, you will definitely want to check rates from a couple of independent agencies to have the best price comparison. They also have the ability to place coverage with less well-known companies that may have much lower rates than larger companies.
Below are independent insurance agents in Denver that may be able to give pricing information.
- Moody Insurance Agency
8055 E Tufts Ave #1000 – Denver, CO 80237 – (303) 824-6600 – View Map - Longevity Insurance Brokers
100 Fillmore St – Denver, CO 80206 – (720) 209-4598 – View Map - Westwood Insurance
57 W Alameda Ave – Denver, CO 80223 – (303) 722-2841 – View Map
Exclusive Car Insurance Agencies
Agents that choose to be exclusive normally can only provide a single company’s rates such as State Farm, Allstate, and Farm Bureau. Exclusive agencies are unable to compare rates from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents receive extensive training on what they offer which helps them sell insurance even at higher premiums. Some insured continue to buy from the same agent for years mostly because of the brand and the convenience of having all coverages with one company.
The following are exclusive insurance agents in Denver willing to provide price quote information.
- Tiffany Meidinger – State Farm Insurance Agent
1100 Acoma St – Denver, CO 80204 – (720) 508-8760 – View Map - Lori Rickert State Farm????
714 S Pearl St – Denver, CO 80209 – (303) 757-7440 – View Map - American Family Insurance – Abbie Davis Tanner Agency Inc
2855 Speer Blvd Suite D – Denver, CO 80211 – (303) 333-0205 – View Map
Finding the right insurance agent requires you to look at more than just a low price. These are valid questions to ask:
- Do they get extra compensation for selling add-on coverages?
- If your car is totalled, how to they determine the replacement cost?
- Does the agency have a current Errors and Omissions policy?
- What is their Better Business Bureau rating?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
Educate yourself about insurance coverages
Understanding the coverages of your policy can help you determine appropriate coverage for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.
Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Since many Colorado drivers only carry the minimum required liability limits (Colorado limits are 25/50/15), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time these limits are set the same as your liability limits.
Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for immediate expenses like prosthetic devices, nursing services, surgery, doctor visits and X-ray expenses. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Collision coverage – This pays for damage to your Rabbit caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage pays for things such as backing into a parked car, driving through your garage door, rolling your car, crashing into a building and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible on your Rabbit to bring the cost down.
Comprehensive coverage – This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for things like a tree branch falling on your vehicle, fire damage, theft, hitting a bird and vandalism. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
Coverage for liability – Liability coverage provides protection from damage or injury you incur to other people or property that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/15 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $15,000. Another option is a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.
Liability coverage pays for claims such as structural damage, repair costs for stationary objects, repair bills for other people’s vehicles and court costs. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible. Colorado requires drivers to carry at least 25/50/15 but it’s recommended drivers buy higher limits.
Get the best coverage at the best price
Insureds who switch companies do it for any number of reasons including delays in responding to claim requests, lack of trust in their agent, denial of a claim or even delays in paying claims. Regardless of your reason, switching companies can be pretty painless.
We just presented some good ideas how to reduce Volkswagen Rabbit insurance car insurance rates online in Denver. The key thing to remember is the more rate quotes you have, the better likelihood of getting inexpensive Denver car insurance quotes. Consumers may even find the most savings is with a small local company.
When buying insurance coverage, make sure you don’t skimp on coverage in order to save money. Too many times, consumers will sacrifice collision coverage only to regret that it was a big error on their part. The proper strategy is to find the BEST coverage at a price you can afford but still have enough coverage for asset protection.
Additional detailed information is available in the articles below:
- Should I Buy a New or Used Car? (Allstate)
- What Car Insurance is Cheapest for a Hyundai Elantra in Denver? (FAQ)
- What Auto Insurance is Cheapest for Low Income Drivers in Denver? (FAQ)
- Who Has Cheap Auto Insurance for Unemployed Drivers in Denver? (FAQ)
- Preventing Carjacking and Theft (Insurance Information Institute)
- Speed and Speed Limit FAQ (iihs.org)
- Older Drivers FAQ (iihs.org)
- Collision Insurance Coverage (Nationwide)