Cheap 2006 Volkswagen GTI Insurance Cost

Having to pay for overpriced Volkswagen GTI insurance can dwindle your savings account and force you to make sacrifices. Doing a price comparison is a great way to cut your insurance bill.

There are many insurers to pick from, and though it is a good thing to be able to choose, having more insurance companies makes it harder to compare company pricing.

How to Compare Insurance Coverage Costs

Performing a rate comparison can take hours if you don’t know the fastest way to get free quotes. You could spend the better part of a day talking about coverages with insurance companies in your area, or you can utilize the web to get the quickest rates.

Many of the larger companies participate in an industry program where insurance shoppers only type in their quote data once, and each company provides a quote for coverage. This prevents consumers from doing quotation requests for each company.

To participate in this free quote system, click here to start a free quote.

The one disadvantage to getting quotes like this is you are unable to specify the insurers you will receive quotes from. If you wish to select specific providers for rate comparison, we put together a list of the cheapest insurance coverage companies in your area. View list of insurance companies.

It’s up to you which method you use, but ensure you are comparing apples-to-apples coverages for each comparison quote. If you have differing limits it will be next to impossible to determine the lowest rate for your Volkswagen GTI. Having just a slight variation in coverages could mean much higher rates. And when comparison shopping, having more price comparisons helps locate better pricing.

Don’t overlook these discounts

Car insurance can cost a lot, but you may find discounts to help offset the cost. Larger premium reductions will be automatically applied when you complete an application, but less common discounts must be requested specifically before you get the savings.

  • Federal Employees – Simply working for the federal government can save as much as 8% on GTI insurance with certain companies.
  • Multiple Cars – Insuring all your vehicles on one policy could earn a price break for each car.
  • Student in College – Any of your kids who attend school more than 100 miles from home without a vehicle on campus can be insured at a reduced rate.
  • Early Switch Discount – Some insurance companies reward drivers for buying a policy prior to your current policy expiring. It’s a savings of about 10%.
  • Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts can get savings up to 30%.
  • Lower Rates for Military – Being on active duty in the military could be rewarded with lower premiums.
  • Drivers Ed for Students – Cut your cost by having your teen driver enroll in driver’s education in high school.

It’s important to note that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to the cost of specific coverages such as comprehensive or collision. So even though it sounds like all the discounts add up to a free policy, insurance coverage companies aren’t that generous. Any qualifying discounts will reduce your overall premium however.

A partial list of companies who might offer these money-saving discounts include:

It’s a good idea to ask every prospective company what discounts are available to you. Some discounts may not apply everywhere.

Is my situation unique?

When it comes to choosing the right insurance coverage, there isn’t really a best way to insure your cars. Every situation is different so your insurance needs to address that. Here are some questions about coverages that can aid in determining if your insurance needs would benefit from professional advice.

  • What is UM/UIM insurance?
  • Is a new car covered when I drive it off the dealer lot?
  • Is pleasure use cheaper than using my 2006 Volkswagen GTI to commute?
  • Exactly who is provided coverage by my policy?
  • How much underlying liability do I need for an umbrella policy?
  • How much liability do I need to cover my assets?
  • What can I do if my company denied a claim?
  • Am I covered when driving in Canada or Mexico?
  • Are all vehicle passengers covered by medical payments coverage?
  • Are my friends covered when driving my car?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Lesser-known factors impacting Volkswagen GTI insurance rates

It’s important that you understand the rating factors that come into play when calculating the rates you pay for insurance coverage. Understanding what determines base rates helps enable you to make changes that will entitle you to much lower annual insurance costs.

  • Don’t get talked into coverage you don’t need – There are a lot of additional coverages that you can buy on your insurance coverage policy. Things like personal injury protection, towing coverage and membership fees are some examples. These may sound like a good investment at first, but your needs may have changed so remove them from your policy.
  • Marriage pays dividends – Having a spouse helps lower the price on your insurance coverage policy. It translates into being more mature than a single person and it’s proven that drivers who are married are more cautious.
  • Poor driving leads to higher costs – Your driving citation history has a lot to do with how much you pay for insurance. Careful drivers get better rates than people who have multiple driving citations. Even a single speeding ticket can boost insurance rates by twenty percent. Drivers who have severe citations like reckless driving, hit and run or driving under the influence may need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.
  • Don’t let your coverage lapse – Allowing your coverage to lapse is a fast way to trigger a rate increase. And not only will your rates increase, failure to provide proof of insurance might get you a steep fine or even jail time.You may then be required to file a SR-22 with your state motor vehicle department to get your license reinstated.

Can you really save $475 a year?

Progressive, Allstate and Geico continually stream ads on television and other media. All the companies have a common claim of big savings after switching your policy. How can each company make almost identical claims?

All companies can use profiling for the type of customer they prefer to insure. For instance, a driver they prefer might be profiled as between 25 and 40, has no tickets, and has great credit. A driver that hits that “sweet spot” gets the lowest rates and therefore will pay quite a bit less when switching companies.

Drivers who don’t measure up to the “perfect” profile will be quoted higher premiums which leads to the customer not buying. The ad wording is “customers that switch” not “people who quote” save that kind of money. That’s the way insurance companies can confidently advertise the savings.

This emphasizes why you should get as many comparisons as possible. It’s impossible to know the company that will give you the biggest savings on Volkswagen GTI insurance.

The coverage is in the details

Knowing the specifics of insurance aids in choosing the best coverages at the best deductibles and correct limits. Policy terminology can be confusing and nobody wants to actually read their policy. Listed below are typical coverages found on the average insurance policy.

Auto collision coverage

This pays for damage to your GTI from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as driving through your garage door, sustaining damage from a pot hole, crashing into a building and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Liability insurance

Liability coverage provides protection from damages or injuries you inflict on a person or their property that is your fault. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things such as bail bonds, funeral expenses, pain and suffering and attorney fees. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.

Medical expense coverage

Med pay and PIP coverage provide coverage for bills for EMT expenses, nursing services and dental work. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as vandalism, damage from flooding, damage from a tornado or hurricane, falling objects and fire damage. The maximum amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Volkswagen GTI.

Because many people carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea. Usually these limits do not exceed the liability coverage limits.

Final considerations

Budget-conscious 2006 Volkswagen GTI insurance is possible both online and with local insurance agents, and you need to price shop both to have the best rate selection. Some insurance providers do not offer online price quotes and most of the time these regional insurance providers sell through independent agents.

As you prepare to switch companies, do not buy poor coverage just to save money. There have been many cases where someone sacrificed comprehensive coverage or liability limits and found out when filing a claim that they should have had better coverage. The ultimate goal is to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.

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