Did you make the mistake of buying high-priced insurance? Say no more because you are not the only one feeling buyer’s remorse.
There are many insurers to choose from, and although it’s a good thing to be able to choose, having more car insurance companies makes it harder to adequately compare rates.
You need to quote other rates quite often because rates are variable and change quite frequently. Even if you think you had the best rate for Passat insurance six months ago there may be better deals available now. Forget all the misinformation about insurance because you’re about to find out the proper way to save money, get proper deductibles and limits, all at the lowest rate.
Buying cheaper auto insurance coverage is not that difficult. Essentially anyone who has to buy auto insurance will more than likely be able to save money. Although drivers must comprehend how the larger insurance companies compete online and apply this information to your search.
Part of the car insurance buying process is learning the factors that help calculate your policy premiums. If you have a feel for what influences your rates, this enables informed choices that can earn you big savings. Many things are used when you quote your car insurance policy. Some are pretty understandable such as your driving record, but other criteria are more obscure such as whether you are married and annual miles driven.
Insuring your fleet can be pricey, but there may be some discounts that may help make it more affordable. Some of these disounts will be visible at quote time, but some may not be applied and must be asked about prior to receiving the credit.
While discounts sound great, it’s important to understand that most discounts do not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like liability and collision coverage. Just because it seems like you would end up receiving a 100% discount, it just doesn’t work that way.
To view insurance companies that offer multiple discounts, click here.
When buying coverage, there isn’t really a “perfect” insurance plan. Everyone’s situation is unique so your insurance should reflect that For instance, these questions may help highlight if your insurance needs might need an agent’s assistance.
If you don’t know the answers to these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area.
Learning about specific coverages of insurance can help you determine appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the usual coverages found on most insurance policies.
Collision coverage protection
Collision coverage pays for damage to your Passat from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like crashing into a ditch, scraping a guard rail, sideswiping another vehicle, crashing into a building and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to increase the deductible to get cheaper collision coverage.
Insurance for medical payments
Coverage for medical payments and/or PIP provide coverage for bills for things like rehabilitation expenses, X-ray expenses, pain medications and dental work. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
Liability coverages
This coverage can cover injuries or damage you cause to other’s property or people in an accident. It protects YOU against other people’s claims, and does not provide coverage for 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 policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one number which is a combined single limit that pays claims from the same limit without having the split limit caps.
Liability can pay for things such as court costs, pain and suffering, emergency aid, attorney fees and structural damage. How much coverage you buy is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your Volkswagen Passat.
Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Frequently these limits are set the same as your liablity limits.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like damage from a tornado or hurricane, vandalism, hitting a deer, rock chips in glass and hail damage. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
As you shop your coverage around, don’t be tempted to buy less coverage just to save a little money. In too many instances, drivers have reduced collision coverage only to discover later they didn’t have enough coverage. The aim is to get the best coverage possible at a price you can afford, but don’t skip important coverages to save money.
Lower-priced insurance coverage is available online as well as from independent agents, and you should compare rates from both to get a complete price analysis. Some insurance providers do not provide online quoting and usually these regional insurance providers only sell coverage through independent insurance agencies.