Best Insurance for an Audi Q7 in Colorado Springs

A recent study showed that nearly 70% of Colorado drivers have purchased from the same company for more than four years, and practically 40% of insurance customers have never even compared rates from other companies. American drivers can save nearly 46.5% each year by just shopping around, but they just don’t understand the big savings they would realize if they swap their current policy for a cheaper one.

The easiest way to get discount Audi Q7 insurance is to regularly compare price quotes from insurers who provide auto insurance in Colorado Springs.

• First, read and learn about how insurance companies determine prices and the modifications you can make to keep rates in check. Many things that drive up the price such as traffic violations, accidents, and a poor credit score can be improved by being financially responsible and driving safely. Read the full article for information to help prevent costly coverage and get additional discounts that may have been overlooked.
• Second, get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like GEICO or Farmers Insurance, while independent agencies can quote rates from multiple companies. Compare rates
• Third, compare the quotes to your existing policy to determine if you can save on Q7 insurance. If you find a lower rate and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
• Fourth, provide proper notification to your current company to cancel your current coverage and submit a completed application and payment for your new policy. Be sure to put the certificate verifying proof of insurance in your glove compartment.

One piece of advice is to compare the same physical damage deductibles and liability limits on each quote and and to get prices from as many companies as feasibly possible. This enables a fair price comparison and the best price quote selection.

Our objective is to let you in on how car insurance companies work and how you can save the most money. If you have coverage now, you will most likely be able to reduce the price you pay using the ideas covered in this article. Nevertheless, Colorado car owners must learn how the larger insurance companies calculate your policy premium and apply this information to your search.

When comparing car insurance rates, know that quoting more helps increase your odds of locating the best rates.

The companies shown below offer free quotes in Colorado. If multiple companies are listed, it’s highly recommended you compare several of them in order to get a fair rate comparison.

Analysis of Audi Q7 rates

The premium table shown next showcases detailed analysis of insurance coverage prices for Audi Q7 models. Having a better understanding of how auto insurance prices are established can be of help when making decisions on the best policy coverages.

Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Table data does not factor in specific location information which can revise coverage prices noticeably.

Should you raise deductibles?

One of the more difficult decisions when buying car insurance is at what level do you set your deductibles. The following insurance rates can help you visualize the differences in premium rates between high and low comp and collision deductibles. The first set of rates uses a $250 physical damage deductible and the second pricing table uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Rate quotes do not factor in the specific area where the vehicle is garaged which can revise coverage rates substantially.

Based on these figures, using a $250 deductible will cost in the ballpark of $36 more each month or $432 annually than choosing the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 21 months between claim filings, you would save more money if you opt for a higher deductible.

The chart below demonstrates how deductible levels and can affect Audi Q7 insurance premiums for each age group. The price estimates are based on a married female driver, full coverage, and no additional discounts are factored in.

Poor driving habits will raise your car insurance rates

The chart below demonstrates how speeding tickets and at-fault collisions impact Audi Q7 annual premium costs for each age group. The premiums are based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.

Audi Q7 insurance rates by age and gender

The illustration below shows the difference between Audi Q7 auto insurance rates for male and female drivers. The premiums assume no claims or driving violations, comp and collision included, $500 deductibles, drivers are not married, and no additional discounts are factored in.

Comparison of full coverage and liability-only policies

The illustration below illustrates the comparison of Audi Q7 yearly insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on no violations or claims, $100 deductibles, single status, and no additional discounts are factored in.

Deciding between full coverage and liability only

There is no definitive guideline to eliminate full coverage, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s pretend your Audi Q7 book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $4,000 after paying the physical damage deductible. If premium cost is more than $400 a year to have full coverage, then you may want to consider only buying liability coverage.

There are some circumstances where removing full coverage is not a good idea. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.

Three main reasons to buy insurance

Even though Colorado Springs Q7 insurance rates can get expensive, paying for insurance serves several important purposes.

• Most states have minimum mandated liability insurance limits which means you are required to buy a minimum amount of liability protection in order to drive the car. 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.
• If you have a loan on your Q7, most lenders will require you to have physical damage coverage to guarantee payment of the loan. If you do not keep the policy in force, the lender will be forced to insure your Audi at a much higher premium rate and force you to reimburse them for the expensive policy.
• Insurance protects both your Audi Q7 and your assets. It will also provide coverage for most medical and hospital costs that are the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees if you are sued as the result of an accident. If your Audi gets damaged, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of having insurance are definitely more than the cost, particularly if you ever have a claim. The average driver in America is overpaying more than $820 a year so you should quote your policy with other companies each time the policy renews to save money.

Informed Consumers Can Reduce Their Insurance Costs

A large part of saving on auto insurance is knowing the different types of things that help calculate your auto insurance rates. When you understand what influences your rates, this helps enable you to make changes that may result in much lower annual insurance costs. Many different elements are considered when premium rates are determined. Most are fairly basic like a motor vehicle report, but other factors are not quite as obvious like your continuous coverage and annual miles driven.

• Bump up deductibles to lower rates – Physical damage protection, also known as collision and other-than-collision, helps pay for damage to your vehicle. Some examples of claims that would be covered could be a windshield shattered by a rock, damage from fire, and damage caused by flying debris. Comp and collision deductibles state the amount of money you are willing to pay before a claim is paid by your company. The more of the claim the insured is willing to pay, the lower your rates will be.
• Insurance rates for married couples – Being married may earn you lower rates when shopping for auto insurance. Marriage means you’re more financially stable and statistics show married drivers tend to file fewer claims.
• Don’t skimp on liability protection – Your auto insurance policy’s liability coverage will protect you in the event that you are ruled to be at fault for an accident. Your liability coverage provides you with a defense in court which can cost a lot. This coverage is very inexpensive when compared to the cost of physical damage coverage, so do not skimp.
• Safer cars save money – Safer cars are cheaper to insure. Safer cars result in less severe injuries and lower rates of occupant injuries means lower claim amounts which can mean better rates for you. If your Audi Q7 scored better than four stars on Safercar.gov you may qualify for a discount.

• Loss statistics for an Audi Q7 – Insurance companies analyze historical claim data when they calculate premium rates for each model. Vehicles that have a trend towards higher claim severity or frequency will have increased rates.

  The data below shows the insurance loss data for Audi Q7 vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, is set at 100. Percentages below 100 mean the vehicle has better than average losses, while numbers above 100 point to more frequent losses or statistically larger claims.

  
  

  Car Insurance Loss Data for Audi Q7 Models

  Specific Audi Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Audi Q7 4dr 4WD	162	96	164	53	54	76

  BETTER

  AVERAGE

  WORSE

  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Don’t give up on affordable premiums

Some companies do not provide the ability to get quotes online and these small insurance companies prefer to sell through local independent agencies. Budget-friendly insurance in Colorado Springs can be found both online and from local agencies, and you should compare price quotes from both to get a complete price analysis.

In this article, we covered many tips how you can find affordable Audi Q7 insurance in Colorado Springs. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding cheaper Colorado Springs car insurance quotes. You may even discover the best price on insurance is with some of the smallest insurance companies. Smaller companies often have lower prices on specific markets compared to the large companies like State Farm, GEICO and Nationwide.

More learning opportunities

• Understanding Car Crashes Video (iihs.org)
• Who Has Affordable Colorado Springs Car Insurance Quotes for High Risk Drivers? (FAQ)
• Who Has Cheap Car Insurance Rates for a Learners Permit in Colorado Springs? (FAQ)
• Protect Yourself Against Auto Theft (Insurance Information Institute)
• No-Fault Auto Insurance Statistics (Insurance Information Institute)