Lower Your 2004 Volkswagen GTI Car Insurance Cost

Want the cheapest car insurance rates for your Volkswagen GTI? Comparison shopping for car insurance is always nearly impossible for consumers new to buying insurance online. Consumers have so many options that it can easily become a lot of work to compare prices.

Cut prices on Volkswagen GTI insurance

Properly insuring your vehicles can get expensive, but companies offer discounts to help offset the cost. A few discounts will automatically apply at quote time, but lesser-known reductions have to be asked about prior to receiving the credit.

  • Good Student – Performing well in school can save 20 to 25%. This discount can apply up to age 25.
  • College Student – Children who live away from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • Homeowners Discount – Simply owning a home can help you save on auto insurance due to the fact that maintaining a home demonstrates responsibility.
  • Save over 55 – If you’re over the age of 55, you may be able to get reduced rates for GTI coverage.
  • Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10%.
  • Air Bag Discount – Vehicles with factory air bags may earn rate discounts of more than 20%.

It’s important to note that some of the credits will not apply the the whole policy. The majority will only reduce individual premiums such as comp or med pay. Even though it may seem like adding up those discounts means a free policy, auto insurance companies aren’t that generous. Any qualifying discounts will help reduce the cost of coverage.

For a list of insurers with the best auto insurance discounts, click here to view.

How to Compare Insurance Coverage Costs

The are a couple different ways to get quotes from different insurance companies. The best way to find competitive 2004 Volkswagen GTI insurance rates consists of obtaining rate quotes online. This can be done in a couple of different ways.

  • One of the simplest ways to find low rates is a comparison rater form (click to open form in new window). This form eliminates the need for boring form submissions for each company you want a rate for. A single, simple form gets you price quotes from many national carriers.It’s the quickest way to get rates.
  • A more time consuming way to compare prices requires visiting each company’s website to complete their respective quote request forms. For example, we’ll pretend you want rates from State Farm, Progressive and Farmers. To find out each rate you need to visit each site and enter your information, which is why the first method is quicker. For a list of links to insurance companies in your area, click here.

Whichever way you use, be sure to compare the exact same information with each company. If you are comparing different deductibles it’s impossible to determine the best price for your Volkswagen GTI. Slightly different coverage limits can make a big difference in price. Just keep in mind that comparing more company’s prices helps you find the best price.

Volkswagen GTI rate determination is complex

It’s important that you understand the factors that help determine insurance coverage rates. Understanding what determines base rates helps enable you to make changes that can help you get better insurance coverage rates.

The following are a partial list of the pieces that factor into your rates.

  • Better credit scores mean better rates – A driver’s credit score is a big factor in your rate calculation. Consumers who have high credit ratings tend to be less risk to insure than drivers who have lower credit ratings. If your credit rating is low, you could be paying less to insure your 2004 Volkswagen GTI by repairing your credit.
  • Safer cars are cheaper to insure – Cars with high safety ratings are cheaper to insure. These vehicles have better occupant injury protection and better occupant protection means less money paid by your insurance company passed on to you as lower rates. If your Volkswagen GTI is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • Sex matters – Statistics demonstrate that men are more aggressive behind the wheel. However, don’t assume that women are BETTER drivers than men. They both are in accidents at a similar rate, but men cause more damage and cost insurance companies more money. Men also get cited for more serious violations like reckless driving and DUI.
  • Your car’s features help determine rates – Choosing a vehicle with a theft deterrent system can help bring down rates. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your car from being stolen.

Tailor your coverage to you

When it comes to choosing the right insurance coverage, there really is no one size fits all plan. Every situation is different.

Here are some questions about coverages that may help you determine if you might need professional guidance.

  • What exactly is covered by my policy?
  • Am I insured when driving a different vehicle?
  • Am I covered by my spouse’s policy after a separation?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • How high should my uninsured/underinsured coverage be in my state?
  • Am I covered if I break a side mirror?
  • Where can I find high-risk insurance?
  • What is the difference between comprehensive and collision coverage?
  • How can I force my company to pay a claim?
  • What if I owe more than I can insure my car for?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form.

Specific coverage details

Knowing the specifics of auto insurance helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Coverage for collisions

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like crashing into a building, backing into a parked car, damaging your car on a curb, rolling your car and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Liability

This coverage protects you from damage that occurs to other people or property in an accident. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/25 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like attorney fees, funeral expenses, loss of income, repair costs for stationary objects and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as dental work, prosthetic devices, X-ray expenses and surgery. They are often utilized in addition to your health insurance program or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive insurance

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as damage from flooding, hail damage, damage from getting keyed, falling objects and a broken windshield. The highest amount your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Volkswagen GTI.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Be a penny pincher

Affordable 2004 Volkswagen GTI insurance can be found on the web and with local insurance agents, and you need to price shop both to get a complete price analysis. There are still a few companies who do not offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

People who switch companies do it for many reasons like unfair underwriting practices, delays in responding to claim requests, questionable increases in premium and even an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding the right car insurance provider is easier than you think.

Throughout this article, we presented a lot of ways to compare insurance prices online. The most important thing to understand is the more companies you get rates for, the better your chances of lowering your rates. You may even find the best price on car insurance is with a small local company.

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