2015 Volkswagen Touareg Insurance Quotes – 7 Tips for Cheapest Rates

Paying for high-priced Volkswagen Touareg insurance can eat up your personal savings and maybe even restrict other spending. Doing a rate analysis is a smart way to slash your bill and have more diposable income.

Insurance companies such as Geico, 21st Century and Progressive all promote huge savings with ad campaigns and consumers find it hard to see past the corporate glitz and effectively compare rates to find the best deal.

How to buy insurance coverage

To get inexpensive insurance quotes, there a variety of ways to compare prices from insurance coverage companies in your area. The fastest way to compare rates consists of shopping online. It is quite easy and can be accomplished in several different ways.

One of the best ways to compare a lot of rates at once is a comparison rater form click here to open form in new window. This easy form saves time by eliminating separate quotation requests for each company you want a rate for. Taking the time to complete one form gets you coverage quotes from all major companies.

A less efficient way to compare rate quotes requires visiting each company website and fill out their own quote form. For instance, let’s assume you want to view quotes from USAA, Farmers and Travelers. You would need to spend time going to each site individually and enter your policy data, which is why the first method is quicker.

For a list of companies in your area, click here.

The hardest method of comparing rate quotes is to drive around to local insurance agencies. Comparing rates online has reduced the need for local agents unless you require the professional advice of a licensed agent. It is possible with some companies get the lowest quotes online and have a local agent actually service the policy.

However you get your quotes, double check that you are using nearly identical deductibles and coverage limits for each quote you get. If you use different liability limits it’s impossible to get a fair rate comparison. Slightly different limits may result in a large different in cost. Just keep in mind that comparing a wide range of rates helps locate more affordable insurance.

Car insurance quotes and discounts

Companies don’t list every disount available in an easy-to-find place, so we break down a few of the more common as well as the least known discounts that you can inquire about if you buy insurance online.

• Braking Control Discount – Cars with anti-lock braking systems can stop better under adverse conditions and the ABS can save up to 10%.
• Driving Data Discount – Insureds that choose to allow driving data collection to spy on vehicle usage by installing a telematics device like Allstate’s Drivewise might get better premium rates if they are good drivers.
• Discount for New Cars – Insuring a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
• Accident Forgiveness – Not a discount per se, but companies like Liberty Mutual, Allstate and State Farm will turn a blind eye to one accident without getting socked with a rate hike if you are claim-free for a specific time period.
• Discounts for Cautious Drivers – Drivers who avoid accidents can save as much as half off their rates on Touareg coverage compared to rates paid by drivers with frequent claims.
• Senior Citizen Discount – Older drivers could receive a discount up to 10% on Touareg coverage.
• Government Employees – Employees or retirees of the government may reduce rates when you quote insurance on Touareg coverage but check with your company.

Discounts save money, but please remember that many deductions do not apply to your bottom line cost. The majority will only reduce specific coverage prices like comprehensive or collision. So despite the fact that it appears adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

A list of car insurance companies and some of the premium reductions they offer are detailed below.

• American Family discounts include mySafetyValet, good student, defensive driver, accident-free, and TimeAway discount.
• Farm Bureau offers discounts including renewal discount, good student, driver training, multi-policy, 55 and retired, youthful driver, and safe driver.
• State Farm has savings for accident-free, Steer Clear safe driver discount, student away at school, good student, and multiple policy.
• Travelers offers premium reductions for multi-car, driver training, payment discounts, home ownership, continuous insurance, and multi-policy.
• The Hartford may include discounts for air bag, anti-theft, defensive driver, bundle, and vehicle fuel type.
• Geico may offer discounts for federal employee, driver training, multi-policy, emergency military deployment, and daytime running lights.
• Progressive includes discounts for online signing, multi-policy, continuous coverage, multi-vehicle, online quote discount, and good student.

Double check with every insurance company which discounts you qualify for. Some of the earlier mentioned discounts may not be offered in every state. To find insurers with significant discounts, click here.

Situations that may require an agent’s advice

When buying coverage, there really is no “best” method to buy coverage. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions might help in determining whether or not you would benefit from professional advice.

• What is an SR-22 filing?
• What should my uninsured motorist coverage limits be in my state?
• I have good health insurance, so how much medical payments coverage do I need?
• How much can I save by bundling my policies?
• Why am I required to buy liability insurance?
• Should I buy full coverage?
• Is other people’s property covered if stolen from my vehicle?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Car insurance 101

Having a good grasp of your auto insurance policy can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types found on most auto insurance policies.

Medical expense insurance

Med pay and PIP coverage kick in for bills for things like ambulance fees, rehabilitation expenses and dental work. They can be used in conjunction with a health insurance program or if you do not have health coverage. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Comprehensive (Other than Collision)

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things like theft, hail damage and vandalism. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage

This pays for damage to your Touareg resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like crashing into a ditch, damaging your car on a curb, hitting a mailbox, rolling your car and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family and also any damage incurred to your 2015 Volkswagen Touareg.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Coverage for liability

This can cover damages or injuries you inflict on other’s property or people that is your fault. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims like emergency aid, repair bills for other people’s vehicles and medical services. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Keep this in mind

You just read a lot of information how to shop for 2015 Volkswagen Touareg insurance online. It’s most important to understand that the more companies you get rates for, the higher the chance of saving money. You may even find the biggest savings come from some of the smallest insurance companies. Smaller companies can often provide lower rates in certain areas compared to the large companies like State Farm or Progressive.

As you restructure your insurance plan, it’s very important that you do not buy poor coverage just to save money. There are a lot of situations where drivers have reduced full coverage to discover at claim time that it was a big error on their part. Your objective should be to get the best coverage possible for the lowest cost.

Additional learning opportunities

• Event Data Recorders FAQ (iihs.org)
• Liability Insurance Coverage (Nationwide)
• Think You’re a Safe Driver? (State Farm)
• Steps to Take After an Auto Accident (Insurance Information Insitute)
• Prepare your Teens for Safe Driving (InsureUonline.org)