How Much Does 2004 Volkswagen GTI Insurance Cost?

Searching for cheaper insurance for your Volkswagen GTI could be an all-consuming task, but you can learn our insurance buying tips to make it easier. There are both good and bad ways to compare insurance rates so we’re going to tell you the quickest way to quote coverages for your Volkswagen and find the best price possible either online or from local insurance agents.

It’s important to get comparison quotes before your policy renews because insurance rates change frequently. Even if you got the lowest premium rates for GTI coverage a year ago the chances are good that you can find a lower price today. Forget anything you know (or think you know) about insurance because you’re going to learn the quickest way to remove unneeded coverages and save money.

If you are insured now or are shopping for new coverage, you can follow these tips to reduce the price you pay while maintaining coverages. Pricing cheaper protection is quite easy. Vehicle owners just need to learn the most efficient way to get comparison quotes on the web.

Discounts for cheaper auto insurance rates

Car insurance companies don’t always list their entire list of discounts very well, so the below list has some of the more common as well as some of the hidden credits that you can use to lower your rates.

  • Military Discounts – Having an actively deployed family member could qualify you for better auto insurance rates.
  • Professional Organizations – Affiliation with specific professional or occupational memberships or organizations could earn you a nice discount when shopping for auto insurance.
  • College Student Discount – Any of your kids who live away from home at college and do not take a car to college may be able to be covered for less.
  • Good Students Pay Less – A discount for being a good student could provide a savings of up to 20% or more. The discount lasts until age 25.
  • ABS Braking Discount – Cars that have steering control and anti-lock brakes prevent accidents and the ABS can save up to 10%.

Discounts lower rates, but most discounts do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, you won’t be that lucky. But all discounts will help lower your premiums.

To see insurers that offer many of these discounts, click this link.

You can change your insurance rates

Many different elements are part of the equation when pricing auto insurance. Most are fairly basic like an MVR report, although others are less obvious such as your marital status or your vehicle rating.

Shown below are some of the major factors companies use to determine your prices.

  • Too many claims and you’ll pay more – Companies provide the best rates to insureds who do not rely on their insurance for small claims. If you are the type of insured that files lots of claims you can definitely plan on higher rates. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.
  • Prevent coverage lapses – Going without insurance is a guaranteed way to increase your auto insurance rates. Not only will rates go up, the inability to provide proof of insurance could earn you a hefty fine and possibly a revoked license. You may then be required to file a SR-22 with your state DMV.
  • GPS tracking and theft deterrents systems cut premiums – Choosing to buy a car with a theft deterrent system can save you some money. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent auto theft.
  • Your age impacts your costs – Teenage drivers are statistically proven to be careless and easily distracted when driving with friends and because of this, their auto insurance rates are much higher. Adding a first-time driver onto a policy can be very expensive. More experienced drivers tend to be more responsible, file fewer claims and get fewer tickets.

Tailor your insurance coverage coverage to you

When buying coverage, there is no one size fits all plan. Every situation is different.

Here are some questions about coverages that could help you determine if your situation will benefit from professional help.

  • What is the minimum liability in my state?
  • What is medical payments coverage?
  • What are the best liability limits?
  • Is my nanny covered when driving my vehicle?
  • Should I buy full coverage?
  • Should I buy additional glass protection?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form. It only takes a few minutes and you can get the answers you need.

Misconceptions in car insurance advertisements

Drivers can’t avoid all the ads that promise big savings from companies such as Allstate and Progressive. All the companies tend to make the same promise about savings if you just switch your car insurance policy to them.

How is it plausible that every one can charge you less for auto insurance?

Insurance providers look for specific characteristics for the type of driver that will be a good risk. An example of this type of insured could possibly be a married male, has no prior claims, and has excellent credit. A customer getting a price quote that fits those parameters receive the lowest rate quotes and most likely will pay quite a bit less when switching companies.

Potential customers who are not a match for those criteria may be forced to pay higher rates which usually ends up with the customer buying from someone else. The trick is to say “people who switch” not “everybody who quotes” save that much when switching. This is how insurance companies can confidently claim big savings. Because every company is different, you absolutely need to compare quotes as often as possible. It is impossible to predict with any certainty which company will be your best fit.

Auto insurance coverages explained

Learning about specific coverages of a auto insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Volkswagen GTI.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for prosthetic devices, doctor visits and X-ray expenses. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay

Collision coverage – This coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like sustaining damage from a pot hole, sideswiping another vehicle and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible to save money on collision insurance.

Comprehensive (Other than Collision) – This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like damage from a tornado or hurricane, falling objects and damage from flooding. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Liability auto insurance – This coverage protects you from injuries or damage you cause to other’s property or people by causing an accident. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 50/100/50 that means you have a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability insurance covers claims like repair bills for other people’s vehicles, emergency aid, medical services and structural damage. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.

Shop around and save

In this article, we covered many ideas to save on 2004 Volkswagen GTI insurance. The key thing to remember is the more rate comparisons you have, the better likelihood of getting the cheapest auto insurance. You may be surprised to find that the lowest premium rates are with some of the lesser-known companies.

Budget-friendly insurance coverage is attainable both online and also from your neighborhood agents, and you need to comparison shop both to have the best rate selection. A few companies may not provide online price quotes and many times these small, regional companies prefer to sell through independent agencies.

Drivers who switch companies do it for any number of reasons including denial of a claim, questionable increases in premium, policy non-renewal or high rates after DUI convictions. It doesn’t matter why you want to switch switching insurance coverage companies is less work than it seems.

More detailed insurance coverage information can be read in the articles below: