Affordable Insurance for an Audi S6 in Colorado Springs

If you want to save money, the best way to get low-cost Audi S6 insurance in Colorado Springs is to compare prices annually from companies that insure vehicles in Colorado. You can compare rates by following these steps.

Step 1: Try to understand how insurance companies determine prices and the things you can change to drop your rates. Many rating criteria that result in higher rates such as at-fault accidents and a lousy credit rating can be rectified by making minor driving habit or lifestyle changes.

Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from a single company like Progressive or Allstate, while independent agents can provide price quotes from multiple insurance companies.

Step 3: Compare the new rates to your existing coverage to see if a cheaper rate is available in Colorado Springs. If you can save some money and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.

Step 4: Provide written notification to your current company of your decision to cancel the current policy and submit a down payment along with a completed application to your new insurance company. Don’t forget to place your new certificate verifying proof of insurance in a readily accessible location in your vehicle.

One thing to remember is to make sure you enter identical deductibles and limits on every quote and to quote with every insurance company. Doing this guarantees the most accurate price comparison and a complete selection of prices.

It’s well known that auto insurance companies don’t want you to compare rates. People who shop around for the cheapest rate are highly likely to switch to a new company because there is a good probability of finding lower prices. A study discovered that consumers who regularly compared price quotes saved $865 a year compared to people who never shopped around for better prices.

If finding the most affordable insurance is the reason you’re here, then having an understanding of how to get rate quotes and compare insurance premiums can help make the process easier.

This information will instruct you on the best way to buy inexpensive car insurance and some money-saving tips. If you have insurance now, you will most likely be able to get lower rates using these tips. Drivers just need to learn how to compare prices from many companies at once.

Shop Audi S6 insurance online

The companies in the list below offer free rate quotes in Colorado Springs, CO. If you want to find the best car insurance in Colorado, it’s a good idea that you compare several of them to find the cheapest auto insurance rates.

Statistics and details

The data table displayed next highlights detailed analysis of insurance policy prices for Audi S6 models. Being more informed about how insurance policy rates are calculated is important for drivers to make informed decisions when comparing rates.

Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Prices do not factor in your specific Colorado Springs location which can alter coverage rates substantially.

Comparison of policy deductibles

When comparing insurance rates, the most common question is at what level do you set your deductibles. The figures shown below may help to illustrate the differences in price when you select higher and lower physical damage deductibles. The first rate table uses a $100 deductible for comp and collision and the second data 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-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Prices do not factor in specific zip code location which can revise premium rates significantly.

Using the premium rates above, we can conclude that using a $100 deductible will cost in the ballpark of $61 more each month or $732 every year than choosing the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you average more than 15 months between claim filings, you would save money if you decide on a higher deductible. Here’s the way you can make your own decision.

The example below demonstrates how deductibles and can influence Audi S6 yearly insurance costs for different age groups. The costs are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

How accidents and tickets impact rates

The chart below demonstrates how speeding tickets and fender-benders influence Audi S6 premium costs for different ages of insureds. The costs are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.

Age, gender, and Audi S6 insurance

The example below compares Audi S6 yearly insurance costs for male and female drivers. The data is based on no accidents, no driving violations, comprehensive and collision coverage, $250 deductibles, single status, and no discounts are factored in.

Audi S6 liability rates compared to full coverage

The information below shows the comparison of Audi S6 auto insurance rates when comparing full coverage to state minimum liability only. The price estimates are based on no claims, a clean driving record, $250 deductibles, single marital status, and no discounts are factored in.

When to stop buying full coverage

There is no definitive rule for phasing out physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let’s say your Audi S6 replacement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $3,000 after paying your deductible. If you are paying more than $300 a year to have full coverage, then you may need to consider dropping full coverage.

There are some scenarios where eliminating full coverage is not a good idea. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.

Insurance does more than just protect your car

Even though it’s not necessarily cheap to insure an Audi in Colorado Springs, paying for insurance is a good idea for several reasons.

• The majority of states have mandatory insurance requirements which means the state requires a minimum amount of liability insurance in order to be legal. 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 lien on your Audi, it’s guaranteed your bank will require you to carry insurance to ensure they get paid if you total the vehicle. If you let the policy lapse, the lender may have to buy a policy to insure your Audi at a significantly higher premium and force you to pay a much higher amount than you were paying before.
• Insurance protects both your vehicle and your personal assets. It will also provide coverage for medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses in the event you are sued. If mother nature or an accident damages your car, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.

The benefits of buying enough insurance are definitely more than the cost, especially if you ever need it. According to a recent study, the average American driver overpays more than $865 each year so smart consumers compare quotes every year to make sure the price is not too high.

Discount Colorado Springs insurance rates

Buying insurance is not cheap, but you may qualify for discounts that can drop the cost substantially. Certain credits will be shown at the time of purchase, but less common discounts must be specifically requested before you get the savings.

• Student Discount for Driver Training – It’s a good idea to have your young drivers participate in a local driver’s education class if offered at their school.
• Pay Now and Pay Less – If you pay your entire premium ahead of time rather than paying in monthly installments you may have a lower total premium amount.
• Smart Student Discounts – Getting good grades could provide a savings of up to 20% or more. Earning this discount can benefit you up to age 25.
• ABS Braking Discount – Cars, trucks, and SUVs equipped with ABS or steering control can avoid accidents and the ABS can save up to 10%.
• Drive Less and Save – Keeping the miles down on your Audi could qualify for discounted insurance rates on garaged vehicles.
• Anti-theft System – Vehicles that have factory anti-theft systems are less likely to be stolen and qualify for as much as a 10% discount.
• Multi-line Discount – Not all insurance companies offer life insurance, but some may give you a discounted price on car insurance if you buy some life insurance in addition to your auto policy.
• Discount for New Cars – Buying insurance coverage on a new vehicle may earn a small discount compared to insuring an older model.
• Discount for Swiching Early – A few insurance companies allow discounts for signing up early. The savings is around 10%.

Drivers should understand that most discounts do not apply to the entire policy premium. Most cut the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, you won’t be that lucky. But all discounts will lower your insurance premiums.

The diagram below shows the comparison of Audi S6 insurance costs with and without discounts. The prices are based on a female driver, no accidents, no driving violations, Colorado state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, homeowner, marriage, multi-car, and safe-driver discounts applied.

If you would like to choose from a list of companies that offer discounts in Colorado, click this link.

Buying car insurance from Colorado Springs auto insurance agents

Some people would rather sit down and talk to an agent and there is nothing wrong with that. Good agents will help you protect your assets and help file insurance claims. The best thing about comparing insurance prices online is the fact that drivers can get cheap car insurance quotes and still have a local agent. Buying from local insurance agents is especially important in Colorado Springs.

To find an agent, once you fill out this form (opens in new window), your insurance data is immediately sent to companies in Colorado Springs who can give free rate quotes for your car insurance coverage. There is no reason to contact an agency because quoted prices will be sent directly to your email. If for some reason you want to get a rate quote from a particular provider, you would need to navigate to their website and submit a quote form there.

What type of Colorado Springs auto insurance agent is right for you?

When researching local Colorado Springs agents, it’s important to understand the different agency structures and how they work. Agents in Colorado Springs may be either independent (non-exclusive) or exclusive. Both properly insure your vehicles, but it is important to understand the differences because it can factor into the kind of agent you use.

Independent Car Insurance Agencies or Brokers

Agents of this type do not have single company limitations so they have the ability to put coverage with many different companies and help determine which has the cheapest rates. If premiums increase, they simply move your policy to a different company and you don’t have to switch agencies. If you are trying to find cheaper rates, we recommend you compare prices from several independent agencies to have the best price comparison.

Below are independent agents in Colorado Springs that can possibly get you price quotes.

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Exclusive Insurance Agents

These agents can usually just insure with one company like Allstate and State Farm. They generally cannot give you multiple price quotes so you need to shop around if the rates are high. Exclusive agents receive a lot of sales training on their products and sales techniques which helps overcome the inability to quote other rates.

The following is a short list of exclusive insurance agents in Colorado Springs who can help you get rate quotes.

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Finding the right auto insurance agent requires you to look at more than just the bottom line cost. The following questions are important to ask.

• What company do they have the most business with?
• Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
• Are they paid to recommend certain coverages?
• Does the agency provide any after hours assistance?
• Can they provide you with a list of referrals?

If you feel you receive satisfactory answers to your questions and a good coverage price, most likely you have located an insurance agent that will provide car insurance coverage.

Auto insurance coverages

Having a good grasp of a auto insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverages offered by auto insurance companies.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as damage to your Audi S6.

Since a lot of drivers only purchase the least amount of liability that is required (25/50/15), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these coverages do not exceed the liability coverage limits.

Liability insurance

This coverage will cover damages or injuries you inflict on other’s property or people that is your fault. It protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/15 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $15,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as bail bonds, legal defense fees and medical expenses. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible. Colorado state minimum liability requirements are 25/50/15 but it’s recommended drivers buy higher limits.

The illustration below shows why the minimum limit may not be adequate coverage.

Collision insurance

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a mailbox, sideswiping another vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible on your S6 to save money on collision insurance.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for EMT expenses, chiropractic care, prosthetic devices, surgery and rehabilitation expenses. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like hitting a bird, a tree branch falling on your vehicle and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

You can lower your insurance rates

Some insurance companies do not provide rate quotes online and usually these small, regional companies sell through independent agents. The cheapest Audi S6 insurance in Colorado Springs is definitely available both online and from local insurance agents, and you need to price shop both so you have a total pricing picture.

As you shop your coverage around, you should never skimp on critical coverages to save a buck or two. Too many times, someone dropped liability coverage limits and found out when filing a claim that it was a big mistake. Your goal should be to buy the best coverage you can find at a price you can afford, but don’t skip important coverages to save money.

Other articles

• Tools for Teen Driving Safety (State Farm)
• Who Has Affordable Colorado Springs Auto Insurance Quotes for a Honda Civic? (FAQ)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• What to do at the Scene of an Accident (Insurance Information Institute)
• Teen Driver Statistics (Insurance Information Institute)
• Learn About Car Insurance (GEICO)