Save on 2008 Volkswagen GTI Insurance Cost

Searching for better auto insurance rates for your Volkswagen GTI? Shopping for the most affordable auto insurance online is impossible for people who are new to comparison shopping online. Because there are so many online companies available, how can consumers effectively compare every one to find the best available price?

You should take the time to shop coverage around on a regular basis since insurance rates change frequently. Even if you think you had the lowest rates on GTI coverage six months ago you will most likely find a better rate today. There is a lot of bad information regarding auto insurance online, so I’m going to show you some tested techniques to stop overpaying for insurance.

How to Compare Insurance

There are several ways to get quotes from local insurance companies. The easiest way to find the lowest 2008 Volkswagen GTI rates is to get quotes online. This is very easy and can be done in several different ways.

  1. The single most time-saving way consumers can make multiple comparisons is to use a rate comparison form (click to open form in new window). This method eliminates the need for separate forms to each individual insurance company. Just one form will get you rate comparisons from multiple low-cost companies. This is by far the quickest method.
  2. A harder way to find lower rates consists of going to each company website and request a quote. For instance, let’s say you want to compare Farmers, Safeco and GMAC. You would have to visit each site to enter your coverage information, which is why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

Which method you use is up to you, but compare exactly the same coverages with every price quote. If each company quotes mixed coverages it will be next to impossible to make a fair comparison for your Volkswagen GTI. Slightly different coverages may cause a big price difference. Just remember that comparing a large number of companies helps locate lower pricing.

Don’t overlook these discounts

Auto insurance companies don’t necessarily list every discount very well, so the following is a list of some of the more common and also the lesser-known ways to save on auto insurance.

  • Defensive Driving Course – Taking part in a course in driver safety could cut 5% off your bill if your company offers it.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
  • Drive Less and Save – Driving fewer miles can earn discounted rates on garaged vehicles.
  • Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts can get savings up to 30%.
  • Payment Method – If you pay your entire premium ahead of time instead of making monthly payments you may reduce your total bill.
  • New Vehicle Savings – Buying coverage on a new vehicle can cost up to 25% less since new cars are generally safer.
  • More Vehicles More Savings – Having multiple cars or trucks on one policy could earn a price break for each car.
  • Service Members Pay Less – Being deployed with a military unit could mean lower rates.
  • E-sign – A few companies may give you up to $50 for buying a policy and signing up digitally online.

It’s important to note that some of the credits will not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as medical payments or collision. So even though it sounds like it’s possible to get free car insurance, it just doesn’t work that way.

For a list of insurance companies with the best auto insurance discounts, click here to view.

Is my situation unique?

When buying coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s situation is unique.

For example, these questions might point out if you would benefit from an agent’s advice.

  • Does coverage extend to a rental car in a foreign country?
  • What is UM/UIM insurance?
  • Am I missing any policy discounts?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Should I carry comprehensive and collision coverage?
  • Is a new car covered when I drive it off the dealer lot?
  • What if I owe more than I can insure my car for?
  • How high should deductibles be on a 2008 Volkswagen GTI?

If you don’t know the answers to these questions, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form.

Factors that can influence Volkswagen GTI insurance rates

It’s important that you understand the factors that come into play when calculating your insurance coverage rates. When you know what positively or negatively influences your rates allows you to make educated decisions that will entitle you to better insurance coverage rates.

  • More miles equals more premium – Driving more miles in a year’s time the more you will pay for insurance coverage. Most companies price each vehicle’s coverage based on how the vehicle is used. Cars and trucks not used for work or commuting can get a lower rate as compared to vehicles used primarily for driving to work. An improperly rated GTI can cost quite a bit. Ask your agent if your insurance coverage coverage is rated on the proper vehicle usage, because it can save money.
  • Special features that cut premiums – Owning a car with anti-theft technology or alarm system can help lower your rates. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your car from being stolen.
  • Safer cars cost less to insure – Safer cars get lower rates. Safe vehicles result in less severe injuries and lower injury rates translates into fewer and smaller insurance claims and more competitive rates for policyholders. If the Volkswagen GTI earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Where you reside plays a part – Living in a rural area can save you money when talking about insurance coverage. Fewer people means reduced accidents as well as less vandalism and auto theft. Urban drivers have traffic congestion and longer commute times. More time commuting means higher likelihood of an accident.
  • Clean credit earns discounts – Having a bad credit score is a huge factor in calculating your insurance coverage rates. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers who have lower credit scores. So if your credit is low, you could pay less to insure your 2008 Volkswagen GTI by improving your rating.
  • Never allow your policy to lapse – Driving your car without having proper coverage is a misdemeanor and insurance coverage companies will penalize you for letting your insurance expire. And not only will your rates increase, but not being able to provide proof of insurance can result in a revoked license or a big fine.
  • Discounts for married couples – Being married actually saves money on your insurance coverage policy. Having a significant other usually means you are more mature and statistics show drivers who are married are more cautious.

Are insurance companies telling the truth?

Insurance providers like State Farm, Geico and Progressive continually stream ads on television and other media. They all make the same claim that you can save after switching to them. How does each company claim to save you money?

Different companies can use profiling for the right customer that earns them a profit. For instance, a preferred risk could be between 30 and 50, has no driving citations, and has a high credit rating. Any driver that hits that “sweet spot” will qualify for the lowest rates and is almost guaranteed to save when switching.

Consumers who don’t meet this ideal profile will be quoted higher premiums and this can result in business going elsewhere. The ad wording is “people who switch” but not “drivers who get quotes” save money. That is how insurance companies can make the claims of big savings. This emphasizes why you need to quote coverage with many companies. Because you never know which company will fit your personal profile best.

Insurance policy specifics

Understanding the coverages of a insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for expenses such as prosthetic devices, funeral costs, rehabilitation expenses, nursing services and pain medications. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like fire damage, hitting a deer and hail damage. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Volkswagen GTI.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Liability car insurance

Liability coverage can cover injuries or damage you cause to other’s property or people that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for 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 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims such as attorney fees, loss of income and medical expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Collision coverage

Collision coverage covers damage to your GTI caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like driving through your garage door, scraping a guard rail, sustaining damage from a pot hole, colliding with a tree and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Save for a rainy day

When buying insurance coverage, it’s a bad idea to skimp on coverage in order to save money. In many instances, an insured cut liability limits or collision coverage and learned later that they should have had better coverage. Your goal should be to get the best coverage possible for the lowest price.

You just read a lot of ways to compare 2008 Volkswagen GTI insurance prices online. The key thing to remember is the more quotes you get, the higher the chance of saving money. Drivers may discover the biggest savings come from the smaller companies.

Budget-conscious insurance is available from both online companies and with local insurance agents, so compare prices from both to get a complete price analysis. There are still a few companies who do not offer the ability to get a quote online and most of the time these small, regional companies sell through independent agents.

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