Save on 2014 Volkswagen GTI Car Insurance Rates

No one in their right mind looks forward to paying for insurance coverage, in particular when their premiums are too high. Insurance companies such as State Farm, Allstate, GEICO and Progressive all promote huge savings with ad campaigns and it can be hard to ignore the flying pigs and cute green geckos and find the best price available.

It’s smart to do rate comparisons occasionally due to the fact that insurance rates go up and down regularly. Despite the fact that you may have had the best price on GTI coverage a couple years back there may be better deals available now. So just forget anything you know (or think you know) about insurance coverage because you’re going to learn the tricks you need to know to find better rates and still maintain coverage.

If you have insurance now or need a new policy, you can learn to find the best rates while maintaining coverages. Finding the best rates is not that difficult. Drivers just need to know the most effective way to compare company rates online.

Comprehensive Insurance Coverage Comparison

Getting better 2014 Volkswagen GTI insurance coverage pricing is not rocket science. Consumers just need to take a couple of minutes getting comparison quotes from different insurance companies. This is very easy and can be done in a couple of different ways.

The best way to compare a lot of rates at once is to use a rate comparison form click to view form in new window. This form prevents you from having to do separate quote forms for each company you want a rate for. Filling out one form gets you coverage quotes from multiple companies.

A more difficult way to get quotes online is going to the website for each individual company and fill out their own quote form. For examples sake, let’s assume you want comparison quotes from GEICO, State Farm and Farmers. To find out each rate you need to visit each site and enter your policy data, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.

Which method you use is up to you, but ensure you are comparing apples-to-apples coverages on every quote you get. If you compare mixed coverages you will not be able to truly determine the lowest rate.

Factors that might impact rates for a Volkswagen GTI

It’s important that you understand the factors that go into determining the price you pay for insurance coverage. When you know what positively or negatively determines base rates allows you to make educated decisions that can help you get lower insurance coverage prices.

Listed below are some of the items companies use to determine your rates.

  • Rate your vehicle for proper use – Driving more miles every year the more you’ll pay to insure your vehicle. Almost all companies charge to insure your cars based on how the vehicle is used. Cars that are left in the garage get more affordable rates than those used for commuting. Verify your insurance coverage coverage shows the proper vehicle usage. Incorrect usage on your GTI can cost quite a bit.
  • Extra add-on coverages are wasting money – There are many extra bells and whistles that you can get tricked into buying on your GTI policy. Coverages for roadside assistance, accidental death and membership fees are examples of these. These coverages may sound good initially, but your needs may have changed so eliminate them to save money.
  • Claim-free discounts can add up – Companies provide lower rates to policyholders who are claim-free. If you tend to file frequent claims, you can look forward to either higher rates or even cancellation. Insurance coverage is designed for major claims that would cause financial hardship.
  • Having a spouse can save you money – Getting married can actually save you money on your policy. Marriage is viewed as being more mature it has been statistically shown that drivers who are married are more cautious.
  • How many coverages with the same company – Most insurers will give a discount to insureds who buy several policies from them. It’s known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even if you’re getting this discount you still need to shop around to confirm you are receiving the best rates possible. You may still be able to find a better deal by insuring with multiple companies.

Discounts are great for lower rates

Insuring your vehicles can cost a lot, but there are discounts available to help offset the cost. Larger premium reductions will be automatically applied at the time of quoting, but some must be manually applied prior to receiving the credit. If you’re not getting every credit available, you’re just leaving money on the table.

  • Homeowners Pay Less – Simply owning a home may earn you a small savings because maintaining a house demonstrates responsibility.
  • Resident Student – Any of your kids who are attending college without a vehicle on campus can receive lower rates.
  • Defensive Driving Course – Successfully completing a course teaching defensive driving skills could save 5% or more if you qualify.
  • Pay Upfront and Save – If paying your policy premium upfront rather than paying monthly you can actually save on your bill.
  • Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts could save 15% off your PIP or medical payments premium.
  • Discount for Life Insurance – Companies who offer life insurance give better rates if you take out a life insurance policy as well.
  • No Charge for an Accident – Certain companies will allow you to have one accident before your rates go up if you are claim-free prior to the accident.
  • Federal Government Employee – Simply working for the federal government could cut as much as 10% off on GTI coverage with select insurance companies.
  • Discount for Good Grades – Getting good grades can be rewarded with saving of up to 25%. Earning this discount can benefit you until age 25.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and therefore earn up to a 10% discount.

Drivers should understand that most credits do not apply to the entire cost. Some only reduce individual premiums such as liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, companies wouldn’t make money that way. But all discounts will help reduce your premiums.

Companies that may have these money-saving discounts are:

Before buying, ask every prospective company how you can save money. All car insurance discounts might not apply in your state.

You may need specialized coverage

When buying adequate coverage for your vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions can help discover whether your personal situation would benefit from an agent’s advice.

  • What can I do if my company denied a claim?
  • Do I need PIP coverage since I have good health insurance?
  • Should I buy more coverage than the required minimum liability coverage?
  • How much liability do I need to cover my assets?
  • Do I need higher collision deductibles?
  • Do I need special endorsements for business use of my vehicle?
  • When should I remove comp and collision on my 2014 Volkswagen GTI?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Information about specific coverages

Understanding the coverages of your insurance policy helps when choosing which coverages you need for your vehicles. Insurance terms can be confusing and coverage can change by endorsement. Shown next are the normal coverages found on most insurance policies.

Collision protection

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like driving through your garage door, sideswiping another vehicle, hitting a mailbox and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible in order to get cheaper collision rates.

Comprehensive coverage

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, fire damage and vandalism. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Volkswagen GTI.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for bills like EMT expenses, dental work and pain medications. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover you and your occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability coverage

Liability insurance can cover injuries or damage you cause to other’s property or people. This insurance protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as emergency aid, legal defense fees, attorney fees, loss of income and repair costs for stationary objects. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Get your money’s worth

When trying to cut insurance costs, don’t be tempted to buy poor coverage just to save money. There have been many situations where someone dropped collision coverage to discover at claim time that the savings was not a smart move. The aim is to purchase a proper amount of coverage at an affordable rate while still protecting your assets.

In this article, we covered quite a bit of information on how to reduce 2014 Volkswagen GTI insurance prices online. The key thing to remember is the more rate comparisons you have, the higher your chance of finding lower rates. You may even find the lowest rates come from an unexpected company. These companies can often insure niche markets at a lower cost than the large multi-state companies such as Progressive or GEICO.

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