Searching for lower auto insurance rates for your Volkswagen GTI? Are you regretting the purchase of an underperforming, overpriced auto insurance policy? You’re preaching to the choir because you’re not the only one. Big-name insurance companies like GEICO and Progressive continually hit you with TV and radio ads and it can be hard to ignore the promise of big savings and find the best price available.
Not too many consumers would say car insurance is affordable, but you might already qualify for some discounts that you may not know about. Many of these discounts will be applied automatically at quote time, but some need to be manually applied before they will apply.
Please keep in mind that most discount credits are not given to all coverage premiums. Most only reduce specific coverage prices like liability, collision or medical payments. So when it seems like all those discounts means the company will pay you, nobody gets a free ride.
Larger car insurance companies and a summarized list of policyholder discounts are detailed below.
If you are trying to find the cheapest auto insurance quotes, ask every prospective company to give you their best rates. Some of the discounts discussed earlier may not apply in every state. To see car insurance companies who offer free car insurance quotes, click here to view.
When buying insurance it’s important to understand the different types of things that aid in calculating your policy premiums. When you understand what positively or negatively impacts your premiums, this enables informed choices that may reward you with much lower annual insurance costs. Lots of factors are considered when you quote your car insurance policy. Some factors are common sense such as traffic violations, but others are more transparent such as your marital status or how financially stable you are.
The following are some of the major factors that factor into your rate level.
When it comes to choosing coverage for your vehicles, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions may help you determine whether or not you may require specific advice.
If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.
Understanding the coverages of a insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by insurance companies.
Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your 1997 Volkswagen GTI.
Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are set the same as your liablity limits.
Liability coverages – This coverage protects you from damage or injury you incur to other people or property by causing an accident. This coverage protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Occasionally you may see a combined limit which provides one coverage limit with no separate limits for injury or property damage.
Liability insurance covers things like court costs, repair costs for stationary objects and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.
Medical payments coverage and PIP – Coverage for medical payments and/or PIP kick in for bills like doctor visits, prosthetic devices, hospital visits and X-ray expenses. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
Comprehensive coverage – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like damage from getting keyed, falling objects, fire damage, theft and vandalism. The maximum amount your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Collision coverage – Collision coverage covers damage to your GTI caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for things such as sustaining damage from a pot hole, rolling your car and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.
Low-cost 1997 Volkswagen GTI insurance is possible on the web as well as from insurance agents, so you need to shop auto insurance with both in order to have the best chance of saving money. A few companies may not provide the ability to get a quote online and many times these regional carriers only sell through independent agencies.
As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. In many cases, an insured cut physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.
Even more information can be read in the articles below: