Average Insurance Costs:
- Annual Premium: Approximately $2,483 for full coverage. CarEdge
- Monthly Premium: Around $207 per month.
These figures are averages and can vary based on individual circumstances.
Factors Influencing Premiums:
- Driving Record: A clean driving history can lead to lower rates, while violations or accidents may increase premiums.
- Location: Insurance costs can vary by state and city due to factors like traffic density, accident rates, and local regulations.
- Age and Gender: Younger drivers and males often face higher premiums due to statistical risk factors.
- Credit Score: A higher credit score can result in lower insurance rates, as it’s often viewed as an indicator of financial responsibility.
 ( 40 year old male , Single , Colorado Springs ) |
|---|
| Year/Make Model: 2015 Volkswagen GTI Sedan |
| Ownership Status: less than 1 month |
| Discounts: Five-Year Accident Free, Automatic Card Payments, Continuous Insurance, Paperless, and Three-Year Safe Driving |
| Selected Coverages With Progressive |
|---|
| Bodily Injury Liability: $25,000 each person/ $50,000 each accident |
| Property Damage Liability: $25,000 each accident |
| Uninsured Motorist Bodily Injury: $25,000 each person/ $50,000 each accident Comprehensive: $500 deductible Collision: $500 deductible |
| Other Rejected Coverages: |
One of our Colorado Springs clients was in need of the cheapest insurance quote he could find. He had previous insurance but wanted to shop around due to his premium going up! As we looked around we found that Progressive came in at the cheapest with a monthly payment of $234.58! He was able to obtain this premium with discounts such as Five-Year Accident Free, Automatic Card Payments, Continuous Insurance, Paperless, and Three-Year Safe Driving!
Total 6 Month Premium: $1,407.50
Monthly Installments: $234.58
Recommendations:
- Compare Quotes: Obtain quotes from multiple insurers to find the best rate tailored to your circumstances.
- Assess Coverage Needs: Ensure that the policy you choose provides adequate protection for your vehicle and personal situation.
- Consider Discounts: Inquire about available discounts, such as multi-policy bundling, safe driver discounts, or discounts for safety features equipped in your GTI.
What We Do at A Plus Insurance
Homeowners, renters, and mobile home owners: make sure you have the protection you need.
