How Much Does 2003 Volkswagen GTI Insurance Cost?

High-priced Volkswagen GTI insurance can draw down your savings account and force you to make sacrifices. Comparing rates annually can help to lower your bills every month.

Because there are so many insurance companies to choose from, it can be hard to choose the lowest price insurer.

The purpose of this post is to tell you how to effectively get price quotes and some tricks to saving. If you currently have car insurance, you stand a good chance to be able to cut costs considerably using this information. Nevertheless, drivers do need to understand the way companies market insurance on the web because it can help you find the best coverage.

Use discounts to get cheaper auto insurance quotes

Companies offering auto insurance don’t always list all available discounts in a way that’s easy to find, so we took the time to find some of the more common as well as some of the hidden discounts that you may qualify for. If you do not double check each discount available, you’re paying more than you need to.

  • Policy Bundle Discount – If you combine your home and auto policies with the same company you could save at least 10 to 15 percent or more.
  • E-sign Discounts – Some of the larger companies give back up to $50 simply for signing on the web.
  • Driving Data Discount – Insureds who allow data collection to track driving manner through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive might get better premium rates if they exhibit good driving behavior.
  • Cautious Drivers – Insureds who avoid accidents could pay up to 40% less on GTI coverage as compared to drivers with claims.
  • Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and will save you 10% or more.
  • Organization Discounts – Joining a qualifying organization could earn you a nice discount when shopping for auto insurance.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Volkswagen can earn substantially lower premium rates.
  • Full Payment Discount – If you pay your bill all at once instead of paying each month you may have a lower total premium amount.
  • Auto/Life Discount – Select insurance carriers reward you with a discount if you purchase some life insurance too.

A little note about advertised discounts, most of the big mark downs will not be given to your bottom line cost. Some only reduce individual premiums such as medical payments or collision. Even though it may seem like adding up those discounts means a free policy, that’s just not realistic. Any qualifying discounts will lower the amount you pay for coverage.

Auto insurance companies that may offer policyholders these benefits include:

Before purchasing a policy, check with each company to give you their best rates. Some of the discounts discussed earlier might not apply in your state. To see insurance companies with discount rates, click here.

Low cost auto insurance prices

Most larger insurance companies such as Geico, State Farm and Progressive allow you to get insurance quotes on their websites. Getting prices online doesn’t take a lot of time as you simply type in on the page. After you complete the form, their quoting system sends out for information on your driving record and credit history and returns a price quote based on these factors. Quoting online makes it easy to compare insurance prices but the time it takes to visit different websites and type in your information can get tiresome after awhile. But it’s necessary to perform this step if you are searching for better auto insurance pricing.

The smarter way to find lower prices uses just one form to get prices from several different companies. The form is fast, eliminates form submissions, and makes rate comparisons much more enjoyable and efficient. Immediately after you send the form, it is quoted with multiple companies and you can pick any or none of the pricing results.

If the quotes result in lower rates, you can click and sign and buy the new coverage. This process only takes a few minutes and can result in significant savings.

To save time and compare pricing, click here and input your coverage information. If you have a policy now, it’s recommended that you enter the insurance coverages exactly as they are listed on your policy. This ensures you will have an apples-to-apples comparison based on identical coverages.

Learn how to lower your insurance premiums

It’s important that you understand a few of the rating criteria that help calculate the level of your policy premiums. When you know what positively or negatively controls the rates you pay, this allows you to make good choices that will entitle you to much lower annual insurance costs.

Listed below are just a few of the factors used by insurance companies to determine premiums.

  • Keep policy claims to a minimum – Auto insurance companies award discounts to policyholders who are not frequent claim filers. If you are a frequent claim filer, you can pretty much guarantee much higher rates or policy non-renewal. Your insurance policy is designed for more catestrophic claims.
  • The higher your credit history the lower your prices – Having a good credit score factor in calculating your premium rate. Therefore, if your credit history can use some improvement, you could potentially save money when insuring your 2003 Volkswagen GTI by spending a little time repairing your credit. Drivers who have high credit ratings tend to be more responsible and file fewer claims than drivers who have poor credit scores.
  • Driver age impacts premiums – Older, more experienced drivers are more responsible, tend to cause fewer accidents and tend to be get fewer driving tickets.Teenage drivers are statistically shown to be inattentive in a vehicle therefore auto insurance rates are much higher.
  • City traffic equals higher costs – Being located in small towns and rural areas can save you money when it comes to auto insurance. Drivers who live in large cities regularly have more auto accidents and more severe claims. Fewer people means less chance of accidents and a lower car theft rate.
  • Increase physical damage deductibles and save – Insurance for physical damage, also called ‘full coverage’, protects your Volkswagen from damage. Examples of covered claims are collision with another vehicle, vandalism, and windstorm damage. Physical damage deductibles are how much you are required to spend if the claim is covered. The more damage repair cost you choose to pay out-of-pocket, the less money you will pay for auto insurance on GTI coverage.
  • Liability limits on your policy – Liability coverage kicks in in the event that a court rules you are at fault for damages from an accident. This coverage provides for a legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
  • GPS tracking and theft deterrents reduce auto insurance rates – Owning a car with a theft deterrent system can save you a little every year. Anti-theft features like GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent car theft and help bring rates down.

Tailor your auto insurance coverage to you

When it comes to buying proper insurance coverage, there is no best way to insure your cars. Every insured’s situation is different so your insurance should reflect that For instance, these questions may help highlight if you may require specific advice.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Are rock chip repairs covered?
  • What are the best liability limits?
  • Why am I required to buy liability insurance?
  • Does liability extend to a camper or trailer?
  • Do I need higher collision deductibles?
  • Do I have any recourse if my insurance company denies a claim?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Insurance coverage basics

Learning about specific coverages of your policy helps when choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. These are typical coverages found on the average insurance policy.

Auto collision coverage

This coverage pays to fix your vehicle from damage from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like rolling your car, sustaining damage from a pot hole, crashing into a ditch, colliding with another moving vehicle and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and damage 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 is important protection for you and your family. Usually these coverages are identical to your policy’s liability coverage.

Coverage for medical expenses

Med pay and PIP coverage kick in for immediate expenses such as hospital visits, rehabilitation expenses, prosthetic devices, EMT expenses and chiropractic care. The coverages can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Auto liability

Liability insurance can cover damage or injury you incur to other people or property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against things like structural damage, repair costs for stationary objects, bail bonds, loss of income and medical services. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like damage from getting keyed, rock chips in glass, a broken windshield, hitting a deer and theft. The maximum amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Final thoughts

When searching for the cheapest car insurance quotes, do not skimp on critical coverages to save a buck or two. In many instances, someone sacrificed physical damage coverage only to regret at claim time that the small savings ended up costing them much more. Your goal is to purchase a proper amount of coverage at the best price and still be able to protect your assets.

Throughout this article, we presented many ways to reduce 2003 Volkswagen GTI insurance premium rates online. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. You may even discover the lowest premium rates come from a company that doesn’t do a lot of advertising. Smaller companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate and Progressive.

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