2004 Volkswagen Phaeton Car Insurance Rates

Tired of not being able to scrape enough together to buy auto insurance? You’re in the same situation as many other drivers. Big companies like Allstate, Liberty Mutual and State Farm continually hit you with ads and it can be hard to ignore the propoganda and do the work needed to find the best deal.

Choices you make can impact your insurance prices

Many things are used when you get your auto insurance bill. Some of the criteria are obvious such as your driving history, although some other factors are more transparent like your vehicle usage and annual miles driven.An important part of buying insurance is that you know the different types of things that help determine the level of your policy premiums. If you understand what influences your rates, this enables informed choices that could result in better car insurance rates.

  • Insure your auto and home with one company – Most companies allow a discount to policyholders who buy several policies from them, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s always a smart idea to check prices from other companies to guarantee you are still saving the most. Consumers may save more without the discount even if you insure with multiple companies
  • Increase coverage deductibles to save – Deductibles for physical damage define how much you are required to spend in the event of a claim. Insurance for physical damage to your car, also called ‘full coverage’, insures against damage to your car. Examples of covered claims are colliding with a stationary object, damage caused by hail, and having a roll-over accident. The more of the claim you’re willing to pay, the lower your rates will be on Phaeton insurance.
  • Liability safeguards assets – The liability coverage on your policy is the coverage that protects you if ever you are responsible for physical damage or personal injury to other. Your liability coverage provides legal defense which can cost a lot. Liability insurance is quite affordable compared to comp and collision, so do not skimp.
  • Annual miles is a factor – The more you drive every year the more you will pay for car insurance. Most insurance companies price each vehicle’s coverage based on their usage. Cars used primarily for pleasure use qualify for better rates than cars that get driven a lot. Verify your car insurance policy is rated on the correct usage for each vehicle. An incorrectly rated Phaeton may be costing you higher rates.
  • Cars with good safety ratings lower premiums – Vehicles that have high safety ratings cost less to insure. Safe vehicles have better occupant injury protection and lower injury rates translates into savings for insurance companies which can mean better rates for you.
  • Theft deterrents save – Owning a car with a theft deterrent system can get you a discount on your car insurance. Theft prevention features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent your vehicle from being stolen.
  • Credit score impact car insurance premiums – Your credit rating will be a significant factor in determining what you pay. So if your credit history leaves room for improvement, you could potentially save money when insuring your 2004 Volkswagen Phaeton if you improve your credit rating. Drivers who have excellent credit scores tend to file fewer claims as compared to drivers with lower ratings.
  • Too many claims drive up prices – Auto insurance companies give cheaper rates to insureds who are claim-free. If you’re an insured who likes to file claims you can pretty much guarantee either a policy non-renewal or much higher rates. Your car insurance is intended to be relied upon for larger claims.

Discounts for lower-cost insurance quotes

Not many people think insurance is cheap, but there are discounts available to help offset the cost. Many discounts should be triggered at quote time, but less common discounts must be asked about prior to receiving the credit.

  • Low Mileage Discounts – Fewer annual miles on your Volkswagen may allow you to get slightly better insurancerates than normal.
  • Discount for Swiching Early – A few insurance companies offer discounts for renewing your policy prior to your current policy expiring. Ten percent is about the average savings.
  • Government Employee Discount – Active or former government employment can save as much as 8% on Phaeton insurance depending on your company.
  • ABS Braking Discount – Cars, trucks, and SUVs with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
  • Passenger Safety Discount – Factory air bags or motorized seat belts may get savings up to 30%.
  • Use Seat Belts – Drivers who require all occupants to wear their seat belts could cut 10% or more off PIP or medical payments premium.

As is typical with insurance, some of the credits will not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy. But any discount will reduce your policy premium.

A few popular companies and some of the discounts can be read below.

  • Geico offers discounts including emergency military deployment, daytime running lights, air bags, multi-policy, and anti-lock brakes.
  • MetLife policyholders can earn discounts including defensive driver, good driver, multi-policy, good student, and accident-free.
  • State Farm may offer discounts for Steer Clear safe driver discount, Drive Safe & Save, passive restraint, multiple policy, multiple autos, and accident-free.
  • Progressive offers premium reductions for multi-vehicle, continuous coverage, multi-policy, online quote discount, homeowner, online signing, and good student.
  • Mercury Insurance has discounts for accident-free, low natural disaster claims, multi-car, age of vehicle, good student, multi-policy, and annual mileage.
  • 21st Century may have discounts that include air bags, 55 and older, teen driver, defensive driver, and good student.
  • Allstate discounts include senior citizen, safe driver, premier discount, auto/life discount, and teenSMART discount.

Check with each insurance company the best way to save money. Savings may not apply to policies in your area. If you would like to choose from a list of insurers that offer multiple discounts, follow this link.

Well known brands might not be cheapest

Drivers can’t get away from ads for cheaper car insurance by companies like 21st Century, Allstate and State Farm. All the ads state the claim about savings if you just switch your policy.

How does each company charge less that you’re paying now? This is the way they can do it.

Companies are able to cherry pick for the type of customer that earns them a profit. For instance, a profitable customer might be described as over age 30, owns a home, and insures a new vehicle. Any person that meets those criteria will get low rates and have a good chance to save when they switch companies.

Potential insureds who cannot meet these criteria may be forced to pay higher rates and the customer not buying. The wording the ads use say “customers who switch” not “everyone who quotes” save that much. That’s why insurance companies can confidently make it sound like they have such great rates. That is why it is so important to compare as many free insurance quotes as you can. You cannot predict with any certainty which company will have the best prices.

You may need specialized insurance coverage

When it comes to choosing proper insurance coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover if you might need an agent’s assistance.

  • What if I don’t agree with a claim settlement offer?
  • Is my camper covered by my car insurance policy?
  • How high should my medical payments coverage be?
  • When can my company non-renew my policy?
  • Do I pay less for low miles?
  • Do I need special endorsements for business use of my vehicle?
  • What if I owe more than I can insure my car for?
  • Why does it cost so much to insure a teen driver?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Insurance coverage breakdown

Knowing the specifics of a insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverage types offered by insurance companies.

Comprehensive or Other Than Collision

This coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like fire damage, a tree branch falling on your vehicle, damage from flooding, vandalism and damage from a tornado or hurricane. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for immediate expenses such as doctor visits, hospital visits, surgery and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. PIP is not universally available and may carry a deductible

Collision coverage protection

This pays for damage to your Phaeton caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like driving through your garage door, sustaining damage from a pot hole, colliding with another moving vehicle, scraping a guard rail and rolling your car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. It’s also possible to increase the deductible to save money on collision insurance.

Liability coverage

This coverage will cover damage that occurs to other’s property or people by causing an accident. It protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability can pay for claims like medical expenses, bail bonds, court costs and emergency aid. How much coverage you buy is your choice, but it’s cheap coverage so purchase higher limits if possible.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Volkswagen Phaeton.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Better coverage you can count on

Lower-priced 2004 Volkswagen Phaeton insurance is attainable both online in addition to local insurance agencies, so you should be comparing quotes from both to get a complete price analysis. Some auto insurance companies may not provide online quoting and most of the time these regional insurance providers work with independent insurance agents.

While you’re price shopping online, it’s very important that you do not buy poor coverage just to save money. In many cases, someone sacrificed uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. Your focus should be to get the best coverage possible at a price you can afford, but don’t skip important coverages to save money.

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