2007 Volkswagen Passat Insurance Rates

Trying to find better insurance rates for your Volkswagen Passat? Expensive insurance can dwindle your personal savings and force you to make sacrifices. Comparison shopping is a smart way to reduce premiums and put more money in your pocket. Big-name insurance companies like Progressive, State Farm and Geico constantly bombard you with TV and radio ads and it is difficult to ignore the promise of big savings and do the work needed to find the best deal.

Smart consumers take time to get comparison quotes once or twice a year because rates are rarely the same from one policy term to another. Even if you think you had the best price on Passat insurance a few years ago you can probably find a better price now. There is a lot of bad advice regarding insurance on the internet, so I’m going to show you the easiest ways to find affordable insurance.

If you have a policy now or are shopping for new coverage, you can use this information to reduce the price you pay while maintaining coverages. Buying car insurance is quite easy. Drivers just need to learn how to compare prices on the web.

Factors determining your Volkswagen Passat insurance premium

Consumers need to have an understanding of some of the elements that go into determining the rates you pay for auto insurance. Understanding what influences your rates helps enable you to make changes that will entitle you to better auto insurance rates.

Listed below are some of the factors that factor into prices.

  • Don’t let your coverage lapse – Letting your insurance expire is a sure-fire way to trigger a rate increase. And not only will your rates increase, but being ticketed for driving with no insurance might get you a steep fine or even jail time.
  • Liability coverage is cheap – Your policy’s liability coverage is the coverage that protects you if a court rules you are at fault for damages caused by your negligence. Liability provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.
  • High deductibles save money – The deductibles represent how much money you are required to spend if you file a covered claim. Physical damage insurance, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some examples of claims that would be covered are colliding with a building, damage caused by hail, and rolling your vehicle. The more the insured has to pay upfront, the less your company will charge you for insurance on Passat insurance.
  • Your auto insurance rates can be influenced by your job – Did you know your job can affect your rates? Occupations like judges, business owners and stock brokers tend to have the highest rates attributed to high stress and long work days. On the other hand, jobs such as pilots, students and homemakers receive lower rates on Passat insurance.
  • One company can mean more discounts – The majority of insurance companies will give a discount to policyholders who buy several policies from them such as combining an auto and homeowners policy. Discounts can be 10 percent or more. Even though this discount sounds good, you still need to compare rates to ensure the best deal. Consumers may find better rates by buying insurance from more than one company.
  • Drive a safer car and pay less – Vehicles with high crash test scores can get you lower premiums. These vehicles have better occupant injury protection and lower injury rates translates into savings for insurance companies and thus lower rates. If your Volkswagen has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • The more you drive the more you pay – The more miles you rack up on your Volkswagen in a year’s time the more you’ll pay to insure your vehicle. Almost all companies rate vehicles based upon how you use the vehicle. Autos used primarily for pleasure use receive lower rates than those used for commuting. Double check that your auto insurance policy is rated on how each vehicle is driven, because improper ratings can cost you money. Incorrect usage on your Passat may be wasting your money.
  • You might want pay the small claims yourself – If you frequently file small claims, you can look forward to either a policy non-renewal or much higher rates. Companies provide lower rates to people who do not file claims often. Auto insurance is intended for larger claims.

Don’t overlook these discounts

The cost of insuring your cars can be expensive, buy you may qualify for discounts that can drop the cost substantially. Certain discounts will be applied when you quote, but some must be specifically requested prior to receiving the credit. If you’re not getting every credit you qualify for, you are throwing money away.

  • Accident Forgiveness – Certain companies will forgive one accident without raising rates so long as you haven’t had any claims for a set time period.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% off your medical payments premium.
  • Government Employees – Simply working for the federal government can earn a discount up to 10% on Passat insurance with certain companies.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if it’s offered in school.
  • Service Members Pay Less – Being deployed with a military unit could be rewarded with lower premiums.
  • Good Student – Performing well in school can save 20 to 25%. This discount can apply up until you turn 25.
  • Sign Early and Save – Some insurance companies reward drivers for buying a policy prior to your current policy expiring. It can save you around 10%.
  • Safe Drivers – Safe drivers may receive a discount up to 45% less on Passat insurance than drivers with accidents.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems help deter theft and therefore earn up to a 10% discount.
  • Payment Discounts – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.

Drivers should understand that most discount credits are not given to the entire cost. Most only apply to individual premiums such as physical damage coverage or medical payments. So even though it sounds like you would end up receiving a 100% discount, you’re out of luck. Any amount of discount will reduce your overall premium however.

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

How can Geico, State Farm and Progressive save drivers who switch?

Consumers can’t get away from ads for the lowest price auto insurance by Geico, State Farm and Progressive. All the companies have a common claim that you can save after switching to their company.

But how can every company make the same claim? It’s all in the numbers.

All the different companies have a preferred profile for the type of driver that earns them a profit. For instance, a preferred risk might be between 30 and 50, owns a home, and has a short commute. Any new insured who fits that profile will get the preferred rates and is almost guaranteed to save when they switch companies.

Consumers who don’t measure up to the “perfect” profile will be quoted higher rates which usually ends up with the customer not buying. The ads say “drivers who switch” not “everybody who quotes” save that kind of money. That is how insurance companies can claim big savings.

This emphasizes why you should get as many comparisons as possible. It’s just too difficult to predict the company that will provide you with the cheapest Volkswagen Passat insurance rates.

Is my situation unique?

When buying adequate coverage for your personal vehicles, there is no “best” method to buy coverage. Every situation is different so your insurance needs to address that. For example, these questions may help you determine if you would benefit from professional advice.

  • Can I afford low physical damage deductibles?
  • How do I insure my teen driver?
  • Are split liability limits better than a combined single limit?
  • Is there coverage for injuries to my pets?
  • Is business property covered if stolen from my car?
  • Is upholstery damage covered by car insurance?
  • Do I have coverage when using my vehicle for my home business?
  • Am I better off with higher deductibles on my 2007 Volkswagen Passat?
  • Which companies will insure high-risk drivers?
  • If I drive on a suspended license am I covered?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.

Information about specific coverages

Knowing the specifics of a insurance policy aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverages available from insurance companies.

Comprehensive coverages

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like hitting a bird, damage from getting keyed and hail damage. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Auto liability

Liability coverage can cover damages or injuries you inflict on a person or their property that is your fault. It protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Some companies may use a combined limit which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as emergency aid, loss of income and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision insurance

This coverage will pay to fix damage to your Passat from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as crashing into a building, colliding with another moving vehicle and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for ambulance fees, rehabilitation expenses and EMT expenses. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Take this to the bank

Cheap 2007 Volkswagen Passat insurance can be sourced both online in addition to many insurance agents, and you need to price shop both to have the best selection. There are still a few companies who do not provide online quoting and usually these smaller companies provide coverage only through local independent agents.

You just learned a lot of tips how to lower your insurance rates. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding lower rates. Drivers may discover the biggest savings come from the smaller companies. Some small companies can often insure niche markets at a lower cost compared to the large companies like State Farm or Progressive.

Helpful information