2006 Volkswagen Phaeton Insurance Quotes

Searching for lower insurance rates for your Volkswagen Phaeton? Wish you could get out of an expensive insurance policy? It’s quite common and you’re not alone.

Numerous car insurance companies battle for your hard-earned dollar, and it can be difficult to compare rates to get the lowest rate

If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using these techniques. Buying car insurance is not rocket science. Nevertheless, car owners do need to understand the way insurance companies compete online and use this information to your advantage.

How to get the cheapest insurance coverage

To find the best insurance coverage rates, there are several ways to compare rate quotes from many different insurance companies. The simplest method to compare rates is to perform an online rate comparison. It is quite easy and can be accomplished in a couple of different ways.

  1. The easiest and least time consuming way consumers can make multiple comparisons is an all-inclusive rate comparison (click to open form in new window). This easy form prevents you from having to do boring form submissions to each individual insurance coverage company. Taking the time to complete one form compares rates from all major companies.
  2. A more time consuming way to find better pricing is to take the time to go to each company website and complete a new quote form. For instance, let’s assume you want to view quotes from State Farm, Farmers and Geico. To do that, you would have to visit each site and enter your information, which is why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

The method you choose is up to you, but make sure you are using equivalent coverages with every price quote. If each company quotes different values for each quote it will be impossible to find the best deal for your Volkswagen Phaeton. Even a minor difference in insurance coverages could throw off the whole comparison. And when comparing insurance coverage rates, know that comparing more rates from different companies increases the change that you will find the best price. Not every company provides online price quotes, so it’s important to compare prices from those companies as well.

These discounts can lower your insurance quotes

Some insurance providers don’t necessarily list every discount they offer in a way that’s easy to find, so below is a list a few of the more common and the harder-to-find credits available to lower your premiums when you buy car insurance online.

  • Theft Deterent Discount – Vehicles with anti-theft systems are less likely to be stolen and therefore earn up to a 10% discount.
  • Discount for Home Ownership – Being a homeowner can earn you a little savings due to the fact that maintaining a home is proof of financial responsibility.
  • Driver’s Education for Students – It’s a good idea to have your young drivers complete a driver education course as it will make them better drivers and lower rates.
  • Paper-free Discount – A handful of insurance companies will discount your bill up to fifty bucks for buying your policy on the internet.
  • Savings for New Vehicles – Adding a new car to your policy can be considerably cheaper compared to insuring an older model.
  • Multi-Vehicle Discounts – Drivers who insure more than one vehicle on a single policy qualifies for this discount.
  • Discount for Multiple Policies – When you have multiple policies with one insurance company you could save up to 20% off your total premium.

As a footnote on discounts, most discount credits are not given to the entire policy premium. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. Even though it may seem like you would end up receiving a 100% discount, it just doesn’t work that way. But any discount will help lower your overall bill.

A partial list of companies that possibly offer these discounts are:

Double check with each insurance company which discounts they offer. Some credits may not apply in your state. If you would like to see a list of insurance companies with discount insurance rates, click this link.

Different people need different car insurance coverages

When buying adequate coverage for your personal vehicles, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For example, these questions can help discover if your insurance needs would benefit from an agent’s advice.

  • What if I don’t agree with a claim settlement offer?
  • Should I buy additional glass protection?
  • Is business property covered if stolen from my car?
  • Am I getting all the discounts available?
  • Where can I find high-risk insurance?
  • When do I need to add a new car to my policy?
  • Is a fancy paint job covered?
  • Why does it cost so much to insure a teen driver?
  • What is the minimum liability in my state?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

Insurance costs are influenced by these factors

Part of the insurance coverage buying process is learning the rating factors that aid in calculating the level of your policy premiums. If you know what impacts premium levels, this allows you to make good choices that may result in cheaper rates. Multiple criteria are part of the calculation when quoting car insurance. Some factors are common sense like a motor vehicle report, although others are not as apparent such as your marital status or your financial responsibility.

  • Premiums and your address – Residing in a rural area has it’s advantages when it comes to insurance coverage. Residents of big cities have to deal with more traffic problems and much longer commute distances. Lower population means fewer accidents as well as less vandalism and auto theft.
  • Deter car thieves – Selecting a car model with a theft deterrent system can help bring down rates. Systems that thwart theives such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart car theft and help bring rates down.
  • Women pay lower premiums – Over the last 30 years, statistics show females are less aggressive when driving. This data doesn’t prove that women are BETTER drivers than men. Males and females cause accidents in similar numbers, but the men tend to have higher claims. Men also tend to have more aggressive citations like reckless driving and DUI.
  • Low stress employer equals lower premiums – Do you have a high-stress occupation? Occupational choices like lawyers, architects and miners tend to have higher rates than average attributed to stressful work requirements and long work days. On the other hand, careers such as professors, students and performers get better rates for Phaeton coverage.
  • Multiple policies with one company – Most insurance coverage companies apply discounts to buyers who have multiple policies with them, otherwise known as a multi-policy discount. Discounts can be ten percent or more. Even though this discount sounds good, it’s in your best interest to compare other insurance prices to ensure the best deal. You may still save even more by buying insurance from more than one company.
  • Single drivers take more risk – Having a significant other actually saves money on your insurance coverage policy. It usually means you are more responsible and statistics show married couples file fewer claims.
  • Traffic violations cost more than a fine – Attentive drivers get better rates than their less careful counterparts. Even a single ticket can boost insurance rates substantially. Drivers who get license-revoking tickets like DUI or willful reckless driving may face state-mandated requirements to maintain a SR-22 with their state motor vehicle department in order to drive a vehicle legally.

Auto insurance policy coverages for a Volkswagen Phaeton

Understanding the coverages of your policy can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Listed below are the normal coverages available from auto insurance companies.

Liability insurance

Liability coverage can cover injuries or damage you cause to other’s property or people in an accident. This coverage protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for things such as attorney fees, emergency aid, pain and suffering, court costs and bail bonds. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family and also any damage incurred to your 2006 Volkswagen Phaeton.

Since many drivers have only the minimum liability required by law, 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. Normally these limits do not exceed the liability coverage limits.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance reimburse you for expenses like chiropractic care, nursing services, prosthetic devices, pain medications and hospital visits. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers you and your occupants and will also cover any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

This covers damage to your Phaeton caused by collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like colliding with another moving vehicle, driving through your garage door and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive auto coverage

This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like rock chips in glass, damage from a tornado or hurricane, hitting a bird and theft. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Make a quick buck

When trying to cut insurance costs, do not buy poor coverage just to save money. There are a lot of situations where drivers have reduced full coverage and learned later that the savings was not a smart move. The aim is to get the best coverage possible for the lowest price, but do not sacrifice coverage to save money.

Budget-friendly insurance coverage is possible on the web and with local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some companies do not provide internet price quotes and usually these small insurance companies sell through independent insurance agencies.

Even more information is located in the articles below: