Lower Your 2005 Volkswagen GTI Insurance Rates

Searching for lower auto insurance rates for your Volkswagen GTI? Have you fallen victim to overpriced auto insurance? Believe me, you’re not alone.

Because you have many choices, it can be impossible to find the cheapest provider.

You should make it a habit to get comparison quotes before your policy renews because prices tend to go up over time. Just because you had the lowest rates on GTI insurance two years ago there is a good chance you can find better rates now. There is a lot of wrong information about auto insurance on the internet, so we’re going to give you some guaranteed methods to stop overpaying for insurance.

How to reduce 2005 Volkswagen GTI insurance rates

Companies don’t always list every discount very clearly, so we took the time to find some of the more common and also the lesser-known discounts you could be receiving.

  • Driver’s Ed – Require your teen driver to successfully complete driver’s ed class if it’s offered in school.
  • Theft Prevention Discount – Anti-theft and alarm systems can help prevent theft and will save you 10% or more.
  • Homeowners Pay Less – Owning a house may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
  • Braking Control Discount – Vehicles with anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
  • Sign Early and Save – Some insurance companies reward drivers for switching to them before your current expiration date. It can save you around 10%.

As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as collision or personal injury protection. So even though it sounds like it’s possible to get free car insurance, you’re out of luck.

Insurance companies that may offer these discounts include:

Double check with each insurance company which discounts they offer. Discounts might not apply in every state.

Factors that can influence insurance rates for a Volkswagen GTI

Consumers need to have an understanding of some of the elements that go into determining your insurance rates. Having a good understanding of what controls the rates you pay helps enable you to make changes that may reward you with better insurance rates.

Listed below are a few of the “ingredients” that factor into rates.

  • Men are more aggressive – Statistics have proven that women are safer drivers than men. However, this does not mean men are worse drivers. Men and women cause accidents in similar percentages, but men have costlier accidents. Men also get more serious tickets such as reckless driving. Teenage male drivers tend to get in the most accidents and are penalized with high insurance rates.
  • Multi-policy discounts can save money – Some insurance companies provide better rates to insureds who have multiple policies with them. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even if you’re getting this discount you may still want to shop around to make sure you are getting the best deal. Drivers may still find better rates by insuring with multiple companies.
  • Poor credit can mean higher rates – A driver’s credit history is a important factor in determining your rates. So if your credit is not that good, you could potentially save money when insuring your 2005 Volkswagen GTI by improving your rating. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers with lower credit scores.
  • Where you live is a factor – Being located in a rural area has it’s advantages when buying insurance. Lower population means reduced accidents. Drivers who live in large cities tend to have congested traffic and much longer commute distances. Longer commute distances translates into higher accident risk.
  • Liability coverage is cheap – Your policy’s liability coverage provides coverage in the event that a jury decides you are liable for damages caused by your negligence. Liability provides for a legal defense which can cost thousands of dollars. Liability is cheap as compared to coverage for physical damage, so drivers should carry high limits.
  • Never go without insurance – Driving with no insurance is a misdemeanor and as a result your rates will increase for letting your insurance lapse. Not only will you pay more, failure to provide proof of insurance can result in a hefty fine and possibly a revoked license.

Tailor your coverage to you

When choosing the best insurance coverage coverage, there really is no best way to insure your cars. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that might help in determining if your insurance needs may require specific advice.

  • When would I need rental car insurance?
  • Is a blown tire covered by insurance?
  • Is my 2005 Volkswagen GTI covered for smoke damage?
  • Do I benefit by insuring my home with the same company?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Should I bundle my homeowners policy with my auto?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

Misconceptions in insurance coverage advertisements

State Farm, Geico and Progressive regularly use ads on TV and radio. All the companies make an identical promise about savings if you move to them. But how can every company make almost identical claims? It’s all in the numbers.

All the different companies have a preferred profile for the right customer that earns them a profit. A good example of a preferred risk might be profiled as over the age of 40, is a homeowner, and drives less than 10,000 miles a year. A propective insured who fits that profile is entitled to the best price and most likely will pay quite a bit less when switching companies.

Potential insureds who do not match the requirements will have to pay higher prices which usually ends up with business going elsewhere. The ads say “customers who switch” not “people who quote” save that kind of money. That’s why companies can make the claims of big savings. Because of the profiling, drivers should get quotes from several different companies. Because you never know the company that will have the lowest Volkswagen GTI insurance rates.

Car insurance 101

Knowing the specifics of a insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average insurance policy.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for bills like EMT expenses, pain medications, doctor visits and X-ray expenses. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision coverage

Collision insurance pays for damage to your GTI resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like sideswiping another vehicle, crashing into a building, colliding with another moving vehicle and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Liability insurance

Liability insurance protects you from damage or injury you incur to other people or property in an accident. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability coverage protects against claims like repair costs for stationary objects, legal defense fees and medical expenses. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.

Comprehensive coverage

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

Comprehensive can pay for things such as hail damage, theft, a broken windshield and damage from getting keyed. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Volkswagen GTI.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Shop smart and save

When shopping online for insurance coverage, never buy lower coverage limits just to save a few bucks. There are too many instances where an insured dropped liability limits or collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to find the BEST coverage at a price you can afford while not skimping on critical coverages.

Affordable 2005 Volkswagen GTI insurance is definitely available both online as well as from independent agents, so compare prices from both so you have a total pricing picture. Some insurance providers don’t offer you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.

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