2001 Volkswagen GTI Insurance Rates – 6 Tips for Best Quotes

Locating cheaper insurance for a Volkswagen GTI could be a painful process, but you can follow a few tricks to find lower rates.

There is a right way and a wrong way to find auto insurance online so you’re going to learn the quickest way to quote coverages for a new or used Volkswagen and obtain the lowest possible price.

You should make it a habit to get comparison quotes periodically since rates are adjusted regularly by insurance companies. Even if you think you had the lowest rates for GTI insurance on your last policy there may be better deals available now. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to one of the best ways to reduce your cost while improving coverage.

Shopping for the cheapest insurance coverage can be fairly easy. If you have a policy now or are looking for a new policy, you can use this information to find the best rates and possibly find even better coverage. Vehicle owners just need to understand the most efficient way to shop on the web.

Discounts to lower Volkswagen GTI insurance rates

Car insurance is not cheap, but companies offer discounts to reduce the price significantly. Most are applied at the time of quoting, but lesser-known reductions have to be asked for in order for you to get them. If you don’t get every credit possible, you’re paying more than you need to.

  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
  • Payment Method – If you pay your bill all at once instead of paying each month you can actually save on your bill.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less for GTI insurance than less cautious drivers.
  • Paperwork-free – A handful of insurance companies may give you up to $50 for buying a policy and signing up digitally online.
  • Club Memberships – Belonging to a qualifying organization could trigger savings when shopping for insurance coverage for GTI insurance.
  • Good Students Pay Less – This discount can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.

A little note about advertised discounts, most discount credits are not given the the whole policy. Some only reduce the price of certain insurance coverages like liability and collision coverage. So when the math indicates it’s possible to get free car insurance, you’re out of luck. But all discounts will help reduce the cost of coverage.

To see a list of companies offering insurance coverage discounts, click this link.

Don’t be fooled by advertising claims

Consumers get pounded daily by advertisements for cheaper car insurance from the likes of Geico, State Farm and Progressive. They all make the same claim that you can save if you switch your coverage to them.

But how can every company make the same claim? This is how they do it.

All the different companies have a preferred profile for the type of driver that earns them a profit. An example of a desirable insured might be profiled as over the age of 40, owns a home, and drives newer vehicles. A driver that hits that “sweet spot” is entitled to the best price and therefore will save quite a bit of money when switching.

Drivers who don’t meet this ideal profile will be charged higher premiums which usually ends up with business not being written. Company advertisements say “drivers who switch” not “everybody who quotes” save that much. That’s the way companies can claim big savings.

That is why it’s extremely important to quote coverage with many companies. You cannot predict which insurance companies will provide you with the cheapest Volkswagen GTI insurance rates.

Tailor your coverage to you

When it comes to buying the right insurance coverage, there really is not a single plan that fits everyone. Every insured’s situation is different.

For instance, these questions may help highlight if your insurance needs might need professional guidance.

  • What is covered by UM/UIM coverage?
  • Does my 2001 Volkswagen GTI need full coverage?
  • Do I need to file an SR-22 for a DUI in my state?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I covered when delivering products for my home-based business?
  • When can I cancel my policy?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • What can I do if my company denied a claim?
  • How does medical payments coverage work?
  • Do I have coverage for damage caused while driving under the influence?

If you can’t answer these questions, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form. It’s fast, free and you can get the answers you need.

Auto insurance coverages 101

Having a good grasp of your auto insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

Comprehensive coverage

This pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as falling objects, vandalism and hitting a bird. The most 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 not worth carrying full coverage.

Medical payments coverage and PIP

Med pay and PIP coverage pay for bills such as dental work, surgery, ambulance fees, funeral costs and nursing services. They can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

Collision coverage protection

This coverage covers damage to your GTI resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like sideswiping another vehicle, driving through your garage door, colliding with another moving vehicle, sustaining damage from a pot hole and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

This provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Volkswagen GTI.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.

Auto liability

Liability coverage can cover injuries or damage you cause to people or other property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as attorney fees, bail bonds, funeral expenses, medical expenses and legal defense fees. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

More effort can pay off

Drivers switch companies for any number of reasons including not issuing a premium refund, poor customer service, extreme rates for teen drivers and even an unsatisfactory settlement offer. No matter why you want to switch, switching auto insurance companies can be easier than you think.

Lower-priced 2001 Volkswagen GTI insurance is definitely available online as well as from independent agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies don’t offer online price quotes and most of the time these smaller companies sell through independent agents.

As you restructure your insurance plan, never skimp on critical coverages to save a buck or two. In many instances, an accident victim reduced comprehensive coverage or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy enough coverage for the lowest price while not skimping on critical coverages.

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