Cheaper 2003 Volkswagen Passat Insurance Rates

Want the cheapest car insurance rates for your Volkswagen Passat? Are you sick and tired of trying to scrape together enough money to insure your Volkswagen every month? You are no different than many other drivers.

With consumers having so many companies and agents to choose from, it can be challenging to locate the cheapest provider.

It’s a great practice to check car insurance prices quite often because insurance rates fluctuate regularly. Even if you think you had the best rates on Passat insurance on your last policy you will most likely find a better rate today. Forget all the misinformation about car insurance because we’re going to demonstrate how to use online quotes to get good coverage at a lower rate.

Buying the lowest cost coverage is easy if you know what you’re doing. Essentially anyone who shops for insurance will most likely be able to save money. Nevertheless, car owners do need to know how the larger insurance companies compete online and take advantage of how the system works.

Factors that might impact rates for a Volkswagen Passat

Smart consumers have a good feel for the different types of things that go into determining the price you pay for insurance. Knowing what impacts premium levels allows you to make educated decisions that can help you get lower insurance prices.

  • High numbers of claims are not good – If you tend to file frequent claims, you can expect higher rates. Car insurance companies award better rates to drivers who are claim-free. Insurance coverage is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Cautious drivers pay less – Only having one ticket may increase your cost by as much as thirty percent. Drivers with clean records tend to pay less for car insurance compared to drivers with tickets. Drivers with flagrant tickets such as hit and run, DWI or reckless driving convictions are required to file a SR-22 with their state DMV in order to keep their license.
  • Do you work long hours in a high stress job? – Occupations like doctors, business owners and dentists tend to have the highest average rates in part from high stress levels and long work days. Other occupations such as pilots, historians and the unemployed receive lower rates on Passat insurance.
  • Safer cars are cheaper to insure – Vehicles with good safety scores tend to have better insurance rates. Safer cars result in less severe injuries and fewer injuries means less money paid by your insurance company and thus lower rates. If your Volkswagen Passat is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.

Don’t miss these discounts

The cost of insuring your cars can be expensive, but discounts can save money and there are some available that can drop the cost substantially. Most are applied when you quote, but some may not be applied and must be inquired about before you get the savings.

  • Save with a New Car – Adding a new car to your policy is cheaper since new cars are generally safer.
  • Military Discounts – Being on active duty in the military could mean lower rates.
  • Student in College – Kids in college who are attending college and do not have a car can receive lower rates.
  • Federal Government Employee – Simply working for the federal government may qualify you for a discount on Passat insurance depending on your company.
  • Accident Waiver – A few companies will allow you to have one accident before hitting you with a surcharge as long as you don’t have any claims for a certain period of time.

It’s important to note that many deductions do not apply to all coverage premiums. The majority will only reduce specific coverage prices like collision or personal injury protection. So even though it sounds like you would end up receiving a 100% discount, companies wouldn’t make money that way. But all discounts will bring down the amount you have to pay.

For a list of providers with discount insurance coverage rates, click here to view.

Can switching companies really save?

Car insurance providers like 21st Century, Allstate and State Farm continually stream ads on TV and radio. They all say the same thing that you can save after switching to them. But how can every company make almost identical claims? This is how they do it.

Insurance companies can use profiling for the right customer that is profitable for them. An example of a driver they prefer might be between the ages of 40 and 55, a clean driving record, and has excellent credit. A customer that hits that “sweet spot” is entitled to the best price and most likely will cut their rates substantially.

Consumers who are not a match for these standards will be charged a higher premium and ends up with the driver buying from a lower-cost company. The ads say “customers who switch” not “everyone that quotes” save money. That is how companies can truthfully advertise the savings.

That is why it’s extremely important to compare as many rates as you can. It’s impossible to know which company will have the lowest Volkswagen Passat insurance rates.

When might I need help?

When it comes to buying the right insurance coverage, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions could help you determine whether you may require specific advice.

  • When should I remove comp and collision on my 2003 Volkswagen Passat?
  • How do I insure my teen driver?
  • I have a DUI can I still get coverage?
  • Is my 2003 Volkswagen Passat covered for smoke damage?
  • Do I need special endorsements for business use of my vehicle?
  • Is my babysitter covered when using my vehicle?
  • I have health insurance so do I need medical payments coverage?
  • Am I covered if I crash into my own garage door?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Insurance policy specifics

Learning about specific coverages of your insurance policy can help you determine the right coverages for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy. Shown next are the usual coverages found on most insurance policies.

Medical costs insurance

Medical payments and Personal Injury Protection insurance kick in for immediate expenses like hospital visits, ambulance fees and doctor visits. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

Liability coverage will cover damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Another option is one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like repair bills for other people’s vehicles, legal defense fees, loss of income, medical expenses and funeral expenses. How much coverage you buy is up to you, but consider buying as high a limit as you can afford.

UM/UIM Coverage

Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Volkswagen Passat.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Most of the time these coverages are set the same as your liablity limits.

Collision protection

This coverage pays for damage to your Passat resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like crashing into a ditch, colliding with a tree, hitting a parking meter and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also choose a higher deductible to save money on collision insurance.

Comprehensive or Other Than Collision

This coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hail damage, fire damage and damage from flooding. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Money doesn’t grow on trees

As you go through the steps to switch your coverage, don’t be tempted to skimp on coverage in order to save money. There have been many situations where someone sacrificed physical damage coverage to discover at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to buy enough coverage at an affordable rate while still protecting your assets.

Cost effective 2003 Volkswagen Passat insurance is available online and also from your neighborhood agents, so you should compare both to have the best selection. There are still a few companies who may not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.

We’ve covered some good ideas how you can save on insurance. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. Consumers may even find the lowest premiums are with an unexpected company. These companies can often provide lower rates in certain areas compared to the large companies like Allstate, Geico and Progressive.

More detailed insurance information is available by following these links: