Sick and tired of not being able to afford to pay high auto insurance rates every month? You’re in the same situation as most other vehicle owners in Colorado.
A recent auto insurance study discovered that 70% of consumers have bought auto insurance from the same company for more than four years, and just under half have never quoted rates to find affordable coverage. With the average premium in the United States being $1,847, drivers could cut their rates by approximately $860 a year, but they don’t believe the amount of money they would save if they switched to a more affordable policy.
You have so many auto insurance companies to purchase coverage from, and even though it’s nice to have a choice, it can be more challenging to compare rates and cut insurance costs.
Buying the cheapest auto insurance in Denver can initially seem challenging. Virtually anyone who shops around for auto insurance will be able to find better rates. Nevertheless, Colorado consumers must understand how insurance companies market on the web because rates are impacted by many factors.
Companies offering low-cost Audi Q7 rate quotes in Denver, CO
The companies shown below are our best choices to provide price quotes in Colorado. If multiple providers are shown, it’s highly recommended you visit two to three different companies in order to find the most affordable rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Q7 3.6 Quattro||$212||$360||$362||$22||$108||$1,064||$89|
|Q7 3.6 Premium||$360||$726||$368||$22||$110||$1,586||$132|
|Q7 3.0 Premium Turbo||$402||$836||$456||$28||$136||$1,858||$155|
|Q7 3.6 Quattro Turbo Diesel||$382||$682||$362||$22||$108||$1,556||$130|
|Q7 3.6 Premium Plus||$264||$490||$368||$22||$110||$1,254||$105|
|Q7 3.6 Prestige S-Line||$290||$582||$330||$20||$98||$1,320||$110|
|Q7 3.6 Prestige||$296||$554||$358||$22||$108||$1,338||$112|
|Q7 3.6 Premium Plus SLINE||$264||$554||$368||$22||$110||$1,318||$110|
|Q7 3.0 Premium Plus S-Line Turbo||$264||$554||$396||$24||$118||$1,356||$113|
|Q7 3.0 Premium Plus Turbo||$326||$712||$338||$20||$100||$1,496||$125|
|Q7 3.0 Prestige S-Line Turbo||$468||$702||$460||$28||$138||$1,796||$150|
|Q7 3.0 Prestige||$440||$946||$456||$28||$136||$2,006||$167|
|Q7 4.2 Prestige Turbo||$288||$554||$368||$22||$110||$1,342||$112|
|Q7 4.2 Prestige S-Line 8Cyl||$508||$1030||$474||$28||$142||$2,182||$182|
|Q7 4.2 Quattro||$374||$646||$362||$22||$108||$1,512||$126|
|Get Your Own Custom Quote Go|
Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Estimates do not factor in Denver location which can impact prices considerably.
Comparison of full coverage and liability-only policies
The information below illustrates the comparison of Audi Q7 auto insurance costs with full coverage and liability only. The price estimates are based on no claims, a clean driving record, $250 deductibles, married female driver, and no additional discounts are factored in.
Should you be buying full coverage?
There is no definitive guideline that is best for determining when to drop physical damage insurance, but there is a general guideline. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s say your Audi Q7 replacement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after the policy deductible has been paid. If it’s costing you more than $300 annually for physical damage coverage, then you may need to consider dropping full coverage.
There are some scenarios where dropping physical damage coverage is not advised. If you haven’t paid off your loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage in place.
Discounts for affordable car insurance rates
Companies offering auto insurance don’t always publicize every discount in an easy-to-find place, so below is a list both the well known and also the more inconspicuous credits available to lower your premiums when you buy Denver car insurance online.
- Cautious Driver Discounts – Safe drivers can get discounts for up to 45% lower rates than drivers with accidents.
- No Accidents – Insureds with no claims or accidents can save substantially as compared to policyholders that have many claims.
- Fewer Miles Equal More Savings – Fewer annual miles on your Audi may allow you to get cheaper car insurance rates.
- Driver’s Ed – Teen drivers should enroll and complete driver’s education in school.
- Theft Deterrent System – Cars with anti-theft systems have a lower chance of being stolen so companies will give you a small discount.
A quick disclaimer, some of the credits will not apply to the whole policy. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, insurance companies wouldn’t stay in business. Any amount of discount will lower the cost of your policy.
Larger car insurance companies and a partial list of their discounts are included below.
- Progressive offers premium reductions for good student, online signing, multi-vehicle, homeowner, and online quote discount.
- Farmers Insurance policyholders can earn discounts including good student, youthful driver, business and professional, mature driver, and early shopping.
- Farm Bureau may have discounts that include multi-policy, multi-vehicle, youthful driver, driver training, and good student.
- State Farm has savings for multiple autos, Drive Safe & Save, accident-free, good student, and safe vehicle.
- GEICO discounts include multi-vehicle, good student, emergency military deployment, anti-lock brakes, and defensive driver.
- SAFECO has discounts for anti-theft, drive less, bundle discounts, homeowner, multi-car, accident prevention training, and teen safety rewards.
- Liberty Mutual offers discounts for newly retired, new vehicle discount, newly married, hybrid vehicle, and preferred payment discount.
If you are trying to find affordable Denver car insurance quotes, ask every prospective company which credits you are entitled to. Savings may not apply to policies everywhere. To see a list of insurance companies with significant discounts in Colorado, follow this link.
How Insurance Companies Calculate Audi Q7 Insurance Premiums
When buying car insurance it’s important to understand a few of the rating criteria that come into play when calculating the price you pay for car insurance. When you know what positively or negatively controls the rates you pay, this helps enable you to make changes that could result in much lower annual insurance costs.
The following are just a few of the factors used by companies to determine your premiums.
Gender and auto insurance – Statistics show that females tend to be a little less risky than males. It does not mean women are better drivers. They both cause auto accidents in similar numbers, but the male of the species have costlier accidents. Men also tend to get cited for more serious violations such as DWI and reckless driving. Males from age 16 to 21 generally have the highest accident percentage and therefore have the most expensive car insurance rates.
Getting married equates to better costs – Your spouse helps lower the price on your car insurance policy. Having a significant other generally demonstrates drivers are more mature it has been statistically shown that drivers who are married are more cautious.
Liability protection is important – Your car insurance policy’s liability coverage is the protection if ever you are found liable for damages caused by your negligence. Your liability coverage provides legal defense coverage starting from day one. It is affordable coverage when compared to the cost of physical damage coverage, so do not cut corners here.
Low comp and collision deductibles cost more – The deductibles you choose state the amount of money the insured will be required to pay if a claim is determined to be covered. Physical damage insurance, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. A few examples of covered claims could be rearending another vehicle, vandalism, or theft of your vehicle. The larger the amount you pay before a claim is paid (deductible), the better rate you will receive.
Keep claims to a minimum – Insurance companies in Colorado award the best rates to policyholders who do not file claims often. If you file a lot of claims you can pretty much guarantee either a policy non-renewal or much higher rates. Your insurance policy is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
Allowing your coverage to lapse raises rates – Not maintaining insurance is not a good idea and car insurance companies will penalize you for letting your coverage lapse. In addition to paying higher rates, getting caught without coverage might get you a revoked license or a big fine. You may need to prove you have insurance by filing a SR-22 with the Colorado department of motor vehicles.
Do you need those extra policy coverages? – Insurance policies have a lot of extra add-on coverages that can waste your money but may not be useful. Add-on coverages like roadside assistance, towing coverage, and extra equipment coverage are probably not needed. The coverages may be enticing at first, but if you’ve never needed them in the past remove them and pocket the money.
Insurance loss probability for an Audi Q7 – Insurers use historical loss data to help set a rate to offset losses. Models that tend to have higher claim frequency or loss amount will have higher rates.
The table below illustrates the insurance loss data for Audi Q7 vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, as an average, is represented as 100. Percentages below 100 suggest a positive loss record, while values that are above 100 indicate more frequent losses or statistically larger losses.
Insurance Loss Ratings for Audi Q7 Vehicles
|Specific Audi Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Audi Q7 4dr 4WD||162||96||164||53||54||76|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When in doubt talk to an agent
When selecting insurance from an agent or online, there really is no one-size-fits-all type of policy. Every situation is different and your policy should reflect that.
For instance, these questions could help you determine whether or not you might need an agent’s assistance.
- Am I insured when driving a different vehicle?
- Am I covered if I hit my neighbor’s mailbox?
- Is my Audi Q7 covered if I use it for business?
- Does low annual mileage earn a discount?
- How do I buy GAP insurance?
- How can I get the company to pay a claim?
- Is my nanny covered when transporting my kids?
- What is the ISO rating for a Audi Q7?
If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.
Local Denver insurance agencies
A lot of people still prefer to sit down and talk to an agent and that is not a bad decision A nice benefit of price shopping on the web is that you can obtain lower rates and still have an agent to talk to.
Once you complete this short form, your coverage information is instantly submitted to local insurance agents in Denver who will return price quotes for your auto insurance coverage. You won’t need to find an agent because quoted prices will be sent to your email. You can get cheaper auto insurance rates without the usual hassles of price shopping. If for some reason you want to get a comparison quote from a specific auto insurance provider, you would need to jump over to their website and give them your coverage information.
Finding the right company shouldn’t rely on just a low price. Here are some questions to ask:
- Do they regularly work with personal auto policies in Denver?
- Do they offer claims assistance after hours?
- Do they get extra compensation for selling add-on coverages?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Will you get a loaner vehicle if you car is being repaired?
- Are there any discounts that you might be missing?
- Does the agent have professional designations like CIC, CPCU or AIC?
- Do they see any coverage gaps in your plan?
When finding a reliable agent, you should know the types of insurance agents and how they are slightly different. Auto insurance agencies are considered either independent or exclusive depending on the company they work for.
Exclusive Auto Insurance Agencies
These type of agents generally can only insure with one company like Allstate and State Farm. Exclusive agents are unable to compare other company’s rates so if the price isn’t competitive there isn’t much they can do. They are usually well trained on what they offer which aids in selling service over price.
The following are exclusive agents in Denver that can give you price quote information.
Independent Agencies or Brokers
Independent insurance agents are not required to write business for one company so as a result can place your coverage with lots of companies and get you the best rates possible. If your agent finds better pricing, the business is moved internally and you don’t have to do anything. When shopping rates, we recommend you include price quotes from several independent insurance agents to maximize your price options.
Below is a list of independent agents in Denver who can help you get price quote information.
Once you have answers to your satisfaction and an affordable coverage quote, you may have just found a car insurance agent that meets your needs to provide auto insurance coverage. Just keep in mind consumers can cancel your policy at any time so don’t assume you are locked into any specific company for a certain time period.
In this article, we presented some good ideas how to reduce Audi Q7 insurance premium rates online in Denver. The key concept to understand is the more providers you compare, the better likelihood of getting the cheapest Audi Q7 rate quotes. Consumers may even find the lowest priced car insurance comes from the smaller companies. Smaller companies can often provide lower prices in certain areas than the large multi-state companies such as Allstate or State Farm.
As you go through the steps to switch your coverage, make sure you don’t skimp on critical coverages to save a buck or two. In too many instances, an insured cut full coverage to discover at claim time that the small savings ended up costing them much more. Your goal should be to purchase a proper amount of coverage at the best price while still protecting your assets.
More tips and info about car insurance is located in the articles below:
- All About Airbag Safety (State Farm)
- Who Has Cheap Auto Insurance Rates for Infrequent Drivers in Denver? (FAQ)
- Who Has Cheap Car Insurance for Retired Military in Denver? (FAQ)
- Who Has Affordable Denver Auto Insurance Rates for High School Students? (FAQ)
- What is Gap Insurance? (Insurance Information Institute)
- What Does No-Fault Insurance Cover? (Allstate)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- Winter Driving (Insurance Information Institute)