Trying to find lower auto insurance rates for your Volkswagen GTI? Feeling guilty for buying high-priced auto insurance? Believe me when I say many drivers have buyer’s remorse.
Multiple car insurance companies compete to insure your vehicles, and it can be difficult to compare rates to find the best rate
It’s a great practice to get comparison quotes on a regular basis because auto insurance prices change frequently. If you had the best deal for GTI coverage a year ago you will most likely find a better premium rate today. You can find a lot of information about auto insurance out there, but in this article, you’re going to get some of the best ways to lower your auto insurance rates.
The best way to compare insurance rates from multiple companies utilizes the fact car insurance companies allow for online access to give free rates quotes. To begin a comparison, all you need to do is provide details such as the make and model of your vehicles, how old drivers are, if you went to college, and if the vehicle is leased. The data is instantly sent to multiple top-rated companies and you should receive rate quotes quickly.
When it comes to buying proper insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Everyone’s needs are different so this has to be addressed. For example, these questions might point out if your insurance needs might need an agent’s assistance.
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
Having a good grasp of a car insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are the usual coverages found on most car insurance policies.
Collision insurance
This coverage pays to fix your vehicle from damage caused by collision with an object or car. A deductible applies then your collision coverage will kick in.
Collision coverage pays for things like sustaining damage from a pot hole, hitting a parking meter, crashing into a building, backing into a parked car and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.
Coverage for liability
This will cover damage or injury you incur to other people or property by causing an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined single limit or CSL that pays claims from the same limit without having the split limit caps.
Liability insurance covers claims such as bail bonds, emergency aid and attorney fees. How much coverage you buy is a personal decision, but you should buy higher limits if possible.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Volkswagen GTI.
Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently the UM/UIM limits are identical to your policy’s liability coverage.
Medical payments and PIP coverage
Med pay and PIP coverage kick in for immediate expenses for things like EMT expenses, nursing services, rehabilitation expenses and surgery. They are utilized in addition to your health insurance plan or if you do not have health coverage. It covers all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay
Comprehensive auto coverage
Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims such as damage from a tornado or hurricane, damage from getting keyed and rock chips in glass. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.