How Much Does 1994 Volkswagen Passat Insurance Cost?

Discounts save money, but please remember that some credits don’t apply to the entire cost. Some only apply to the price of certain insurance coverages like liability and collision coverage. So when the math indicates all the discounts add up to a free policy, you’re out of luck.

A list of car insurance companies and their possible discounts include:

• Geico may offer discounts for good student, seat belt use, military active duty, anti-theft, and multi-policy.
• Auto-Owners Insurance offers discounts for student away at school, multiple vehicles, teen driver, company car, good student, and group or association.
• American Family may include discounts for TimeAway discount, defensive driver, good driver, good student, and early bird.
• Esurance discounts include DriveSense, online quote, online shopper, claim free, and multi-policy.
• Progressive includes discounts for multi-policy, continuous coverage, online quote discount, multi-vehicle, and homeowner.
• State Farm may have discounts that include anti-theft, student away at school, multiple autos, multiple policy, Drive Safe & Save, driver’s education, and good driver.
• AAA has savings for education and occupation, anti-theft, good student, multi-car, and pay-in-full.

When getting a coverage quote, ask each company or agent which discounts you may be entitled to. Some of the earlier mentioned discounts may not apply everywhere.

Learn how to lower your insurance costs

Many different elements are used in the calculation when pricing auto insurance. Some are pretty understandable such as your driving history, but other criteria are less obvious such as your marital status or how safe your car is.

• Bad credit hurts insurance rates – Having a bad credit score can be an important factor in your rate calculation. People with high credit ratings tend to file fewer claims than those with lower ratings. If your credit score leaves room for improvement, you could save money insuring your 1994 Volkswagen Passat by taking the time to improve your credit score.
• Where do you drive? – The more you drive your Volkswagen annually the higher your rate. Almost all companies charge to insure your cars determined by how the vehicle is used. Vehicles that do not get driven very much receive better premium rates compared to those used for work or business. An incorrectly rated Passat may be costing you higher rates. Verify your insurance declarations sheet is rated on how each vehicle is driven, because it can save money.
• Higher insurance rates for specific jobs – Occupations like judges, executives and financial analysts generally pay the highest average rates attributed to intense work situations and extremely grueling work hours. Conversely, jobs such as actors, athletes and performers have the lowest average rates for Passat insurance.
• Being married equates to better rates – Being married may save some money on insurance. Having a significant other may mean you are more mature and it’s proven that married drivers get in fewer accidents.
• Gender and car insurance premiums – Over the last 30 years, statistics show that men are more aggressive behind the wheel. However, don’t assume that females are better drivers. Females and males are responsible for at-fault accidents in similar percentages, but the men have costlier accidents. Not only are claims higher, but men get ticketed for serious violations such as DWI and reckless driving. Young men ages 16 to 20 tend to get in the most accidents and are penalized with high insurance rates.
• Add-on coverages you don’t use – Insurance companies have many extra coverages that may not really be needed if you aren’t careful. Things like replacement cost coverage, high-cost glass coverage, and membership fees are probably not needed. They may seem like a good idea initially, but if you have no use for them remove them and pocket the money.

Tailor your car insurance coverage to you

When it comes to buying coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

For example, these questions may help highlight if your situation might need professional guidance.

• Can I make deliveries for my home business?
• What are the financial responsibility laws in my state?
• Can I afford low physical damage deductibles?
• How does medical payments coverage work?
• When should I buy a commercial auto policy?
• Is my custom paint covered by insurance?
• How much can I save by bundling my policies?
• What if I owe more than I can insure my car for?
• When should I drop full coverage on my 1994 Volkswagen Passat?
• Will my rates increase for filing one claim?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form.

Insurance coverage buyers beware

Popular insurance coverage providers such as 21st Century, Allstate and State Farm regularly use ads on television and other media. All the ads have a common claim about savings if you change your insurance coverage policy to them. Is it even possible that every company can save you money? Just pay attention to how they say it.

Companies have specific guidelines for the type of driver that will add to their bottom line. An example of a preferred risk might be between the ages of 30 and 50, owns a home, and has a short commute. Any customer who fits that profile will probably get cheap premium rates and will also pay quite a bit less when switching companies.

Potential customers who are not a match for these stringent criteria will probably be forced to pay higher premium rates which usually ends up with the customer buying from someone else. The wording the ads use say “people who switch” but not “all drivers who get quotes” save that much. That’s the way companies can advertise the savings. This really emphasizes why it’s extremely important to do a quote comparison often. Because without a comparison, you cannot know the company that will provide you with the cheapest prices.

Coverages available on your policy

Having a good grasp of your policy aids in choosing the best coverages and the correct deductibles and limits. Car insurance terms can be ambiguous and coverage can change by endorsement.

Liability car insurance

Liability insurance can cover damages or injuries you inflict on other’s property or people. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability can pay for claims like medical expenses, medical services and court costs. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Volkswagen Passat.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Coverage for collisions

Collision coverage will pay to fix damage to your Passat resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like colliding with a tree, hitting a parking meter and crashing into a building. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.

Medical expense coverage

Medical payments and Personal Injury Protection insurance provide coverage for bills for things like doctor visits, dental work and rehabilitation expenses. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Comprehensive protection

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like damage from flooding, hail damage, hitting a bird, vandalism and damage from a tornado or hurricane. The most your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

In the end, you save

More affordable car insurance can be bought both online in addition to local insurance agencies, so you should be comparing quotes from both to have the best chance of lowering rates. A few companies may not provide internet price quotes and most of the time these regional carriers sell through independent agencies.

As you go through the steps to switch your coverage, never buy less coverage just to save a little money. There have been many cases where an insured dropped liability limits or collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The aim is to get the best coverage possible for the lowest price, but do not sacrifice coverage to save money.

In this article, we covered a lot of techniques to lower your 1994 Volkswagen Passat insurance auto insurance rates. The key concept to understand is the more price quotes you have, the better your comparison will be. Drivers may discover the lowest auto insurance rates are with an unexpected company.

Other learning opportunities

• Tread Depth and Tire Safety (State Farm)
• Booster Seat Ratings (iihs.org)
• What is a Telematics Device? (Allstate)
• A Tree Fell on Your Car: Now What? (Allstate)