I can’t think of a single person who is fond of buying insurance, especially when they could find better rates elsewhere.
Consumers have many car insurance companies to choose from, and although it’s nice to have a choice, more choices can make it harder to find the lowest cost provider.
You need to shop coverage around before your policy renews since insurance rates tend to go up over time. Just because you had the best rate on Passat coverage a few years ago the chances are good that you can find a lower price today. Block out anything you think you know about insurance because we’re going to demonstrate the fastest way to eliminate unnecessary coverages and save money.
The easiest way to compare policy rates is to know the fact most of the larger companies participate in online systems to give you rate quotes. The only thing you need to do is spend a couple of minutes providing details such as if you went to college, if it has an anti-theft system, an estimate of your credit level, and if the vehicle is leased. Your rating data gets transmitted to many different companies and they return cost estimate immediately.
The cost of insuring your cars can be expensive, but discounts can save money and there are some available that could help you make your next renewal payment. Many of these discounts will be applied automatically at the time you complete a quote, but a few must be specially asked for in order for you to get them.
One last thing about discounts, some of the credits will not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like comp or med pay. Even though it appears adding up those discounts means a free policy, that’s just not realistic.
A few of the larger companies and some of their more popular discounts can be read below.
It’s a good idea to ask every insurance company how many discounts you can get. A few discounts might not be available to policyholders in your area. If you would like to see a list of insurance companies that offer some of these discounts, click here.
When it comes to choosing coverage, there isn’t really a single plan that fits everyone. Everyone’s situation is unique and your policy should reflect that. For instance, these questions might help in determining if you could use an agent’s help.
If you’re not sure about those questions, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier
Learning about specific coverages of a auto insurance policy helps when choosing the right coverages and proper limits and deductibles. Auto insurance terms can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages offered by auto insurance companies.
Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Volkswagen Passat.
Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Collision coverage will pay to fix damage to your Passat caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for claims like backing into a parked car, colliding with another moving vehicle, sustaining damage from a pot hole and driving through your garage door. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Another option is to increase the deductible in order to get cheaper collision rates.
Med pay and PIP coverage reimburse you for immediate expenses for things like nursing services, funeral costs and EMT expenses. They are utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like rock chips in glass, damage from getting keyed and fire damage. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
Liability insurance can cover damage that occurs to people or other property that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.
Liability insurance covers things such as structural damage, emergency aid and legal defense fees. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.