Save on 2005 Volkswagen Phaeton Insurance Rates

Looking for the cheapest insurance rates for your Volkswagen Phaeton? Saving money on insurance might be difficult for people new to online price comparisons. With such a large choice of companies in the marketplace, it can quickly become a difficult mission to lower your prices.

Quote insurance coverage online

Performing a rate comparison can be challenging if you don’t know the fastest way to get free quotes. You could waste a few hours discussing policy coverages with insurance companies in your area, or you could use the internet to accomplish the same thing much quicker.

Many companies enroll in a system where prospective buyers complete one form, and at least one company then gives them pricing for coverage. This saves time by eliminating quotation requests for each company you want a rate for.

To find out how much you can save on insurance coverage click here (opens in new window).

The only drawback to using this type of form is you are unable to specify which providers to get quotes from. So if you want to choose individual companies to compare, we put together a list of companies who write insurance coverage in your area. Click here for list of insurance companies.

Take whichever approach you prefer, but make sure you compare nearly identical information with each company. If your comparisons have unequal deductibles or liability limits it will be impossible to determine which company has the best rates. Just slight variations in coverages can result in a big premium difference. And when quoting insurance coverage, remember that more quotes helps increase your odds of locating the best offered rates. Not every company provides quotes online, so it’s important to compare rates from them, too.

Take advantage of these money-saving discounts

Companies offering auto insurance don’t always list every policy discount very well, so we took the time to find both the well known as well as some of the hidden savings tricks you should be using when you buy insurance coverage online.

  • Good Student Discount – Performing well in school can get you a discount of up to 25%. This discount can apply until age 25.
  • Multi-Vehicle Discounts – Insuring multiple cars or trucks on a single policy could earn a price break for each car.
  • Accident Free – Insureds who avoid accidents and claims pay much less as compared to accident-prone drivers.
  • Safe Driver Discount – Drivers who don’t get into accidents can get discounts for up to 45% lower rates on Phaeton insurance than drivers with accidents.
  • Mature Driver Discount – Older drivers can possibly qualify for a slight reduction on a insurance coverage quote on Phaeton insurance.
  • Discount for Swiching Early – Some auto insurance companies reward drivers for renewing your policy before your current policy expires. You can save around 10% with this discount.
  • Home Ownership Discount – Just being a homeowner can get you a discount because of the fact that having a home means you have a higher level of financial diligence.

A little disclaimer on discounts, some of the credits will not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like medical payments or collision. Even though it appears adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

For a list of auto insurance companies who offer discounts, click here.

Do I need special coverages?

When choosing the right insurance coverage, there really is not a best way to insure your cars. Everyone’s situation is unique.

Here are some questions about coverages that can help discover whether you might need professional guidance.

  • Do I have coverage if my license is suspended?
  • Should I buy additional glass protection?
  • Does insurance cover damages from a DUI accident?
  • Do I have coverage when making deliveries for my home business?
  • Why does it cost so much to insure a teen driver?
  • When can I cancel my policy?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Auto insurance coverage specifics

Having a good grasp of your policy can help you determine the right coverages and proper limits and deductibles. Auto insurance terms can be impossible to understand and coverage can change by endorsement.

Collision insurance

Collision coverage will pay to fix damage to your Phaeton caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like hitting a parking meter, crashing into a ditch, sustaining damage from a pot hole, backing into a parked car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Liability insurance

This will cover damages or injuries you inflict on people or other property in 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 injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Another option is one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers things like bail bonds, medical services, structural damage and emergency aid. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Comprehensive coverage

This pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, damage from getting keyed and fire damage. The most you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your Volkswagen Phaeton.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these limits are set the same as your liablity limits.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for bills for chiropractic care, EMT expenses, surgery and dental work. They are often utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible