View 2008 Volkswagen GTI Insurance Rates

Trying to find better car insurance rates for your Volkswagen GTI? Having to pay for expensive Volkswagen GTI insurance can sap your bank account, especially in this economy. Doing a rate comparison is a fast and free way to make sure you’re not throwing money away.

Vehicle owners have so many insurers to pick from, and though it is a good thing to have multiple companies, so many choices can make it hard to find the best rates for your vehicles.

Choices you make can impact your insurance prices

Many different elements are taken into consideration when you get a price on insurance. Some of the criteria are obvious like an MVR report, but other criteria are not as apparent such as your credit history or how financially stable you are.

The list below includes a partial list of the pieces used by companies to determine your prices.

  • Coverage lapses lead to higher premiums – Having a lapse in insurance coverage will be a fast way to increase your renewal premiums. Not only will rates go up, getting caught without coverage could result in a revoked license or a big fine. You may have to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • Annual mileage impacts costs – Driving a lot of miles in a year the more you will pay for insurance. Many insurance companies calculate prices partially by how you use the vehicle. Vehicles that are left in the garage can be on a lower rate level than those used for commuting. It’s a smart idea to ensure your insurance coverage is rated on the proper vehicle usage, because it can save money. Improper usage on your GTI can result in significantly higher rates.
  • Vehicle features that cut rates – Driving a car with advanced anti-theft systems can help lower your rates. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your car from being stolen.
  • Less chance of injury means lower insurance rates – Vehicles with good safety scores get lower rates. Vehicles built for safety have better occupant injury protection and fewer serious injuries translates into savings for insurance companies and lower rates for you. If your Volkswagen is rated at least four stars on Safercar.gov you may pay a lower rate.
  • Teen drivers are expensive to insure – Mature drivers are more cautious drivers, statistically cause fewer accidents , and usually have better credit.Young drivers have a tendency to be careless and easily distracted with other occupants in the car and because of this, their insurance rates are much higher.
  • Liability – Your policy’s liability coverage is the protection when a jury decides you are liable for causing damage or personal injury in an accident. Liability provides legal defense coverage which can be incredibly expensive. Liability is cheap compared to other policy coverages, so do not cut corners here.
  • Accidents can be expensive – Good drivers have lower premiums compared to bad drivers. Having just one moving violation can increase rates by as much as thirty percent. Drivers unfortunate enough to have severe tickets like DUI, reckless driving or excessive speeding may be required to submit a SR-22 or proof of financial responsibility with their state DMV in order to legally drive.
  • Having a spouse is a good thing – Your spouse can get you a discount compared to being single. Having a significant other means you’re more responsible and insurance companies reward insureds because being married results in fewer claims.

Compare insurance rates

There are several ways to compare quotes from many available insurance companies in your state. The best way to find affordable 2008 Volkswagen GTI insurance rates is to use the internet to compare rates. This can be done in several different ways.

  • The most efficient way to compare a lot of rates at once would be an industry-wide quote request form (click to open form in new window). This easy form saves time by eliminating boring form submissions for each price estimate. Completing one form gets rate comparisons direct from many companies.
  • A more time consuming way to analyze rates consists of going to each company website and get a separate price quote. For examples sake, let’s say you want to view quotes from Allstate, 21st Century and American Family. You would be required to spend time going to each site individually and punch in your information repeatedly, which is why the first method is quicker. To view a list of companies in your area, click here.

Whichever way you choose to compare rates, do your best to enter nearly identical coverage limits for each quote you get. If your comparisons have mixed coverages it will be very difficult to make a fair rate comparison. Quoting even small variations in insurance coverages or limits can result in a big premium difference. And when quoting insurance, remember that comparing all the rates in your area will improve the odds of getting the best offered rates. Some companies don’t provide rate quotes online, so it’s important to compare price quotes from them as well.

Tricks in insurance advertising

Companies like State Farm and Allstate endlessly run television, radio, and online ads. All the ads advertise claims that you can save just by moving your policy. How is it plausible that every one can charge less that you’re paying now? This is the trick they use.

All the different companies have specific guidelines for a prospective insured that is profitable for them. For example, a profitable customer may be a female over age 40, has a clean driving record, and drives a vehicle with a low ISO rating. Any customer who matches that profile receives the best car insurance rates and will cut their rates substantially.

Potential customers who do not match these stringent criteria will probably be forced to pay higher rates which usually ends up with the customer not buying. If you listen closely, the ads state “customers who switch” not “everybody who quotes” will save that much if they switch. This is how insurance companies can make it sound like they have such great premium rates.

This really drives home the point why drivers should get price quotes at each policy renewal. Because you cannot predict which insurance company will have the best car insurance rates for your profile.

Find hidden discounts to get affordable auto insurance rates

Some insurance providers do not advertise the entire discount list very clearly, so we researched both well-publicized and the harder-to-find ways to save on auto insurance.

  • Discount for Swiching Early – Select auto insurance companies give a discount for switching policies prior to your current policy expiring. Ten percent is about the average savings.
  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase some life insurance in addition to your auto policy.
  • Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices help deter theft and will qualify for a discount on a auto insurance quote.
  • Accident Free – Drivers who don’t have accidents pay less in comparison to frequent claim filers.
  • First Accident Forgiveness – This one is not really a discount per se, but a handful of insurance companies will forgive one accident without raising rates as long as you don’t have any claims for a specific time period.
  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for better auto insurance rates on GTI insurance.
  • Student Discounts – Getting good grades may save as much as 25% on a auto insurance quote. The good student discount can last well after school through age 25.
  • Defensive Driver Discount – Completing a defensive driving course can save you 5% or more and easily pay for the cost of the class.

A quick disclaimer, many deductions do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though the math looks like it’s possible to get free car insurance, companies don’t profit that way.

If you would like to see a list of providers offering auto insurance discounts, click this link.

Tailor your auto insurance coverage to you

When it comes to choosing the best auto insurance coverage, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For instance, these questions might point out if your situation would benefit from an agent’s advice.

  • Do I have coverage for damage caused while driving under the influence?
  • Is my dog or cat covered if injured in an accident?
  • Am I covered if I hit a deer?
  • Will I be non-renewed for getting a DUI or other conviction?
  • What should my uninsured motorist coverage limits be in my state?
  • Is other people’s property covered if stolen from my vehicle?
  • What exactly is covered by my policy?
  • Does my car insurance cover rental cars?
  • What is an SR-22 filing?
  • Do I have coverage when using my vehicle for my home business?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

Detailed coverages of your insurance policy

Understanding the coverages of your policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Listed below are the normal coverages found on most insurance policies.

Uninsured and underinsured coverage – This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Volkswagen GTI.

Because many people 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. Usually these coverages do not exceed the liability coverage limits.

Collision coverages – Collision coverage will pay to fix damage to your GTI resulting from a 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 insurance covers things such as damaging your car on a curb, hitting a mailbox, crashing into a ditch and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Liability car insurance – This protects you from damages or injuries you inflict on a person or their property. It protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims like funeral expenses, emergency aid and attorney fees. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford.

Coverage for medical payments – Med pay and PIP coverage pay for short-term medical expenses like prosthetic devices, surgery, rehabilitation expenses, X-ray expenses and ambulance fees. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

Comprehensive coverages – This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hail damage, hitting a bird, falling objects, vandalism and damage from flooding. The most your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Be a Smart Shopper

While you’re price shopping online, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many cases, an insured dropped liability coverage limits only to discover later that their decision to reduce coverage ended up costing them more. Your goal should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.

Some companies do not provide the ability to get a quote online and these regional carriers only sell coverage through independent insurance agents. Discount 2008 Volkswagen GTI insurance can be bought from both online companies as well as from independent agents, so compare prices from both in order to have the best chance of saving money.

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