1992 Volkswagen Passat Insurance Rates

Overpriced insurance coverage can draw down your family’s budget and force you to make tough financial choices. Price shopping at each renewal is a fast and free way to reduce premiums and put more money in your pocket.

Numerous insurers battle for your insurance dollar, so it’s not easy to compare every company and uncover the absolute best price available.

Free insurance rate quotes

Performing a rate comparison can be a daunting task if you don’t know the easiest way. You can spend countless hours talking about coverages with insurance companies in your area, or you could use online quotes to maximize your effort.

Many companies participate in an industry program that enables customers to complete one form, and at least one company then gives them pricing based on the submitted data. This saves time by eliminating form submissions to every company.

To participate in this free quote system, click here to open in new window.

One minor caviat to getting quotes like this is that you can’t choose the companies you want to price. So if you want to select from a list of companies to compare prices, we have a listing of companies who write insurance in your area. Click here for list of insurance companies.

Whichever way you use, be sure to compare identical quote data for each comparison quote. If you enter different values for each quote you can’t possibly determine the lowest rate for your Volkswagen Passat.

Do you qualify for discounts?

Some insurers don’t necessarily list all available discounts in a way that’s easy to find, so we break down a few of the more well known as well as some of the hidden insurance coverage savings.

• Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in school or through a local driver safety program.
• Low Mileage Discounts – Keeping the miles down on your Volkswagen can earn substantially lower rates.
• Government Employee Discount – Active or retired federal employment could qualify for a slight premium decrease for Passat coverage with some insurance coverage companies.
• Pay Early and Save – If paying your policy premium upfront rather than paying in monthly installments you may reduce your total bill.
• Include Life Insurance and Save – Not all insurance companies offer life insurance, but some may give you lower insurance coveragerates if you buy auto and life insurance together.
• First Accident Forgiveness – This isn’t a discount exactly, but a few companies such as Allstate and State Farm will let one accident slide before hitting you with a surcharge if you have no claims prior to being involved in the accident.
• Save with a New Car – Buying a new car model is cheaper since new model year vehicles are generally safer.

Remember that most discount credits are not given to the overall cost of the policy. Some only apply to individual premiums such as collision or personal injury protection. Even though the math looks like all those discounts means the company will pay you, that’s just not realistic.

Some of the larger companies that have some of the above discounts include:

• Geico
• Travelers
• Nationwide
• Farmers Insurance
• Esurance
• State Farm
• Progressive
• Mercury Insurance

If you are trying to find inexpensive insurance quotes, ask all companies you are considering what discounts are available to you. Savings might not apply in your area. To view insurance companies with discount insurance coverage rates, click this link.

Don’t assume everyone needs the same car insurance coverage

When it comes to choosing adequate coverage for your personal vehicles, there really is not a “perfect” insurance plan. Every situation is different and your policy should reflect that. For example, these questions may help you determine if you might need an agent’s assistance.

• What can I do if my company denied a claim?
• How many claims can I have before being cancelled?
• Am I covered if I hit my neighbor’s mailbox?
• What is an SR-22 filing?
• Do I have coverage when pulling a U-Haul trailer?
• Is my teenager covered with friends in the car?
• Who is covered by my policy?
• Can my teen driver be rated on a liability-only vehicle?
• Does coverage extend to a rental car in a foreign country?
• When should I not file a claim?

If you can’t answer these questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Car insurance coverages and their meanings

Learning about specific coverages of your policy can be of help when determining the right coverages and the correct deductibles and limits. Car insurance terms can be impossible to understand and coverage can change by endorsement. These are typical coverages available from car insurance companies.

Liability auto insurance

This can cover injuries or damage you cause to people or other property in an accident. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for claims like medical services, court costs and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.

Collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like hitting a parking meter, backing into a parked car, sideswiping another vehicle and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to increase the deductible to bring the cost down.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist 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 Volkswagen Passat.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time these limits are similar to your liability insurance amounts.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for bills such as dental work, nursing services, rehabilitation expenses and hospital visits. They are utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages

This pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like damage from flooding, a tree branch falling on your vehicle, rock chips in glass, hitting a bird and damage from a tornado or hurricane. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

The bottom line

We covered a lot of information how to lower your 1992 Volkswagen Passat insurance rates. The key thing to remember is the more you quote insurance, the more likely it is that you will get a better rate. You may be surprised to find that the lowest rates are with a lesser-known regional company. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as Geico and State Farm.

When trying to cut insurance costs, never buy less coverage just to save a little money. There are a lot of situations where drivers have reduced liability limits or collision coverage and discovered at claim time they didn’t have enough coverage. Your objective should be to buy the best coverage you can find for the lowest price and still be able to protect your assets.

Even more information can be read by following these links:

• Liability Insurance Coverage (Nationwide)
• Frontal Crash Tests (iihs.org)
• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• Think You’re a Safe Driver? (State Farm)
• Determing Auto Insurance Rates (Geico)