How Much Does 2002 Volkswagen Passat Insurance Cost?

Paying for expensive Volkswagen Passat insurance can take a big chunk out of your checking account and force you to make sacrifices. Doing a rate analysis is a smart way to lower your bills every month.

Big companies like State Farm, Progressive and Geico all claim big savings, bombarding you with catchy ads and it is difficult to see through the deception and effectively compare rates to find the best deal.

Consumers should take time to take a look at other company’s rates before your policy renews because prices change frequently. Even if you got the lowest rate on Passat insurance on your last policy there may be better deals available now. Forget all the misinformation about insurance coverage because you’re about to find out how to use the internet to lower your rates without sacrificing coverage.

If you have car insurance now, you will most likely be able to cut costs considerably using this information. Finding affordable coverage is easy if you know what you’re doing. Although drivers benefit from understanding the way companies sell online.

The easiest way to compare rate quotes is to know the fact most larger insurance companies actually pay money for the chance to compare their rates. All you need to do is provide information like if the car is leased, what you do for a living, if a SR-22 is needed, and how your vehicles are used. Your details gets transmitted to multiple top-rated companies and they return quotes quickly.

To get price quotes for your Volkswagen Passat now, click here and enter your coverage details.

Do you qualify for discount insurance coverage?

Companies offering auto insurance don’t list all their discounts very clearly, so the below list has both the well known in addition to some of the lesser obvious credits available to you.

  • Military Rewards – Being on active duty in the military could be rewarded with lower rates.
  • ABS and Traction Control Discounts – Vehicles that have anti-lock braking systems have fewer accidents and therefore earn up to a 10% discount.
  • Professional Memberships – Joining a civic or occupational organization could earn you a nice discount when getting a insurance coverage quote.
  • Home Ownership Discount – Just being a homeowner can save a few bucks since owning and maintaining a home requires personal responsibility.
  • Paperwork-free – Some of the larger companies provide a small discount simply for signing on their website.
  • Discount for Low Mileage – Fewer annual miles on your Volkswagen can earn better premium rates on cars that stay parked.
  • Discount for Life Insurance – Select insurance coverage companies reward you with lower premium rates if you buy a life insurance policy as well.
  • Mature Driver Discount – Mature drivers are able to get a discount up to 10% on Passat insurance.
  • Discounts for Safe Drivers – Accident-free drivers could pay up to 40% less on Passat insurance as compared to drivers with claims.
  • Student Discounts – A discount for being a good student may save you up to 25%. Most companies allow this discount well after school through age 25.

As a footnote on discounts, most discounts do not apply to all coverage premiums. Most only cut specific coverage prices like liability and collision coverage. Just because you may think all those discounts means the company will pay you, that’s just not realistic.

A list of insurance coverage companies and some of the discounts are included below.

  • State Farm offers discounts for good student, Drive Safe & Save, accident-free, good driver, and multiple autos.
  • Esurance offers discounts including paid-in-full, anti-lock brakes, renters, safety device, and homeowner.
  • Progressive discounts include online quote discount, multi-policy, multi-vehicle, homeowner, continuous coverage, and good student.
  • Liberty Mutual may offer discounts for new graduate, exclusive group savings, newly retired, preferred payment discount, good student, and newly married.
  • Auto-Owners Insurance may have discounts that include safe driver, air bags, good student, multiple vehicles, group or association, teen driver, and paperless.
  • Geico includes discounts for multi-vehicle, membership and employees, air bags, driver training, daytime running lights, five-year accident-free, and anti-theft.

Before purchasing a policy, check with each insurance company which discounts you qualify for. A few discounts may not be offered in your area. If you would like to see a list of companies who offer insurance coverage discounts, click this link.

What insurance coverages do I need?

When choosing coverage, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions may help highlight if your insurance needs might need an agent’s assistance.

  • Am I covered when delivering products for my home-based business?
  • How can I get high-risk coverage after a DUI?
  • Can I afford low physical damage deductibles?
  • Am I missing any policy discounts?
  • Does my policy cover me when driving someone else’s vehicle?
  • Is my teenager covered with friends in the car?

If you can’t answer these questions, you might consider talking to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance companies in your area.

Car insurance specifics

Understanding the coverages of a car insurance policy can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. These are typical coverage types available from car insurance companies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and also any damage incurred to your Volkswagen Passat.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these limits are identical to your policy’s liability coverage.

Medical payments and PIP coverage

Med pay and PIP coverage pay for bills for pain medications, ambulance fees, hospital visits and X-ray expenses. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive auto coverage

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as fire damage, vandalism, damage from getting keyed and theft. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for liability

This coverage will cover damage that occurs to other people or property by causing an accident. This coverage 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: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers claims like structural damage, bail bonds, court costs, medical expenses and medical services. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for collisions

Collision coverage will pay to fix damage to your Passat caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as crashing into a building, backing into a parked car, rolling your car and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also bump up the deductible in order to get cheaper collision rates.

One last thing

We just presented many ideas to reduce 2002 Volkswagen Passat insurance prices online. The key concept to understand is the more quotes you get, the higher the chance of saving money. You may be surprised to find that the lowest prices come from a smaller regional carrier. Regional companies may cover specific market segments cheaper than their larger competitors like State Farm and Allstate.

A few companies may not offer internet price quotes and these small, regional companies only sell coverage through independent insurance agencies. Cost effective 2002 Volkswagen Passat insurance can be purchased online in addition to many insurance agents, and you need to price shop both to get a complete price analysis.

As you quote insurance coverage, you should never skimp on coverage in order to save money. There are a lot of situations where an insured cut full coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your aim should be to find the BEST coverage at an affordable rate and still be able to protect your assets.

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