Trying to find the cheapest insurance rates for your Volkswagen GTI? Sick and tired of robbing Peter to pay Paul each month for car insurance? You’re in the same situation as most other car owners.
Multiple insurers compete to insure your vehicles, and because of this it can be hard to compare auto insurance companies and get the best coverage at the lowest price
If you have car insurance now, you stand a good chance to be able to save some money using these techniques. Choosing the best insurance company for you is not that difficult. But consumers do need to know how the larger insurance companies compete online and apply this information to your search.
When shopping for insurance there are multiple ways to compare rate quotes from insurance companies in your area. The simplest method to compare 1998 Volkswagen GTI insurance prices is to get quotes online. This can be done in several different ways.
The easiest and least time consuming way to get the best comparison quotes would be an industry-wide quote request form click here to open form in new window. This method keeps you from doing repetitive form entry for every insurance company. A single, simple form will get you rate comparisons from multiple low-cost companies.
A more difficult way to get quotes online is to manually visit each company’s website and request a quote. For instance, let’s assume you want to compare Geico, State Farm and Farmers. To get rate quotes you would need to spend time on each company’s site to enter your coverage information, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.
However you get your quotes, compare apples-to-apples information with each company. If you have different values for each quote you will not be able to find the best deal for your Volkswagen GTI. Having just a slight variation in coverages may result in a large different in cost. And when comparison shopping, getting more free quotes will increase your chances of finding the best offered rates.
Companies like 21st Century, Allstate and State Farm regularly use ads in print and on television. All the ads say the same thing about savings if you move your coverage to them. How does each company make almost identical claims? This is how they do it.
All companies can use profiling for the type of customer that is profitable for them. An example of a desirable insured might be between the ages of 30 and 50, owns a home, and drives less than 10,000 miles a year. A customer getting a price quote who matches those parameters receives the best rates and therefore will save quite a bit of money when switching.
Consumers who don’t measure up to the “perfect” profile will be charged higher premiums which usually ends up with the customer not buying. The ad wording is “customers that switch” but not “drivers who get quotes” save that kind of money. That is how companies can truthfully advertise the way they do.
That is why you absolutely need to get as many comparisons as possible. You cannot predict the company that will give you the biggest savings on Volkswagen GTI insurance.
Consumers need to have an understanding of some of the elements that come into play when calculating the rates you pay for insurance. Understanding what impacts premium levels helps enable you to make changes that can help you get much lower annual insurance costs.
The list below includes some of the factors that factor into your rates.
The cost of insuring your cars can be expensive, but there could be available discounts to cut the cost considerably. Most are applied at the time of quoting, but some must be inquired about prior to getting the savings.
Keep in mind that most discounts do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like all those discounts means the company will pay you, you won’t be that lucky. But any discount will bring down the cost of coverage.
Companies who might offer these benefits include:
Before buying, ask each company which discounts you may be entitled to. All car insurance discounts might not apply in your area.
When buying adequate coverage, there is no single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out whether or not you would benefit from an agent’s advice.
If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.
Having a good grasp of your policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement. Shown next are typical coverage types offered by auto insurance companies.
Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.
Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Medical payments and Personal Injury Protection insurance kick in for bills for doctor visits, nursing services, dental work and EMT expenses. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims like hitting a bird, a broken windshield, vandalism, a tree branch falling on your vehicle and damage from getting keyed. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
This coverage can cover damage or injury you incur to people or other property in an accident. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 which means a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Occasionally you may see a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage protects against claims like court costs, emergency aid, legal defense fees and attorney fees. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.
Collision coverage will pay to fix damage to your GTI from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against things such as driving through your garage door, scraping a guard rail, crashing into a building, colliding with another moving vehicle and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.
When buying insurance coverage, you should never skimp on critical coverages to save a buck or two. There are a lot of situations where an accident victim reduced liability limits or collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy enough coverage at a price you can afford.
Cost effective 1998 Volkswagen GTI insurance is definitely available on the web as well as from independent agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance companies don’t offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.
We just covered a lot of tips how to save on insurance. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest rates come from a company that doesn’t do a lot of advertising. These companies may only write in your state and offer lower rates than their larger competitors like Allstate or State Farm.
For more information, feel free to browse the resources below: