Lower Your 2012 Volkswagen Touareg Car Insurance Rates

Nobody I know looks forward to paying for insurance coverage, particularly when it costs too dang much.

There is such a variety of insurers to buy insurance from, and even though it’s nice to have a choice, lots of choices makes it harder to find the best rates for your vehicles.

Insurance policy discounts

Some insurance providers don’t list their entire list of discounts very well, so the following is a list of some of the more common as well as some of the hidden discounts that you may qualify for. If you are not receiving all the discounts possible, you are throwing money away.

  • Employee of Federal Government – Employees or retirees of the government could cut as much as 10% off for Touareg coverage depending on your insurance provider.
  • Sign Early and Save – Some larger companies give discounts for switching companies early. This discount can save up to 10%.
  • E-sign Discounts – A few insurance companies give back up to $50 for buying your policy on the internet.
  • Seat Belt Usage – Drivers who require all vehicle occupants to buckle up before driving can save a little off the PIP or medical payment premium.
  • Multi-car Discount – Buying insurance for multiple cars or trucks on one policy can get a discount for every vehicle.

A little note about advertised discounts, most discount credits are not given to the entire cost. Most only reduce the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears you could get a free insurance policy, that’s just not realistic.

A few of the larger companies and some of the discounts include:

  • State Farm may offer discounts for good driver, accident-free, student away at school, driver’s education, Drive Safe & Save, and defensive driving training.
  • Geico offers premium reductions for driver training, five-year accident-free, emergency military deployment, defensive driver, and seat belt use.
  • Allstate offers discounts including multi-policy, new car, good payer, auto/life discount, farm vehicle, FullPay discount, and eSmart discount.
  • SAFECO may include discounts for homeowner, anti-lock brakes, multi-car, anti-theft, and bundle discounts.
  • Farm Bureau includes discounts for renewal discount, multi-vehicle, good student, safe driver, 55 and retired, multi-policy, and driver training.
  • Progressive may have discounts that include online signing, homeowner, good student, multi-policy, multi-vehicle, and continuous coverage.
  • AAA has savings for AAA membership discount, good student, pay-in-full, good driver, multi-car, and anti-theft.

If you need cheap car insurance quotes, ask each company to give you their best rates. Savings might not be offered on policies everywhere.

Affordable car insurance quotes

When comparison shopping, there are several ways of comparing rate quotes from many car insurance companies in your state. The easiest way by far to compare 2012 Volkswagen Touareg insurance prices involves getting comparison quotes online. It’s really quite simple and can be done in just a few minutes using one of these methods.

  1. One of the simplest ways to get the best comparison quotes is a comparison rater form click to view form in new window. This style of form keeps you from doing repetitive form submissions for every car insurance company. In just a few minutes this one form will return quotes instantly.
  2. Another way to get comparison quotes requires a trip to the website for each individual company and complete a new quote form. For example, let’s assume you want rates from Progressive, Safeco and State Farm. In order to compare rates, you need to go to each individual site and type in your information over and over, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.
  3. Even if you have time, the least recommended way to compare price estimates is physically going to and from local insurance agencies. The fact that you can get quotes online makes this process obsolete unless you’re the type of person who wants the peace of mind that you can only get from talking to an agent. Although you can comparison shop your insurance online but buy from a local insurance agent.

It’s up to you which method you use, but ensure you’re using equivalent coverage limits on every quote you get. If you compare unequal deductibles or liability limits you can’t possibly determine which company has the best rates. Slightly different insurance coverages or limits can make a big difference in price. And when quoting car insurance, remember that comparing a wide range of rates helps improve the odds of finding better pricing.

How insurance companies calculate Volkswagen Touareg insurance premiums

Many different elements are part of the equation when pricing auto insurance. Some are pretty understandable such as your driving record, although others are more transparent like where you live or your financial responsibility.

  • Lower miles driven equals lower premium – The more miles you rack up on your Volkswagen each year the higher the price you pay to insure it. Almost all companies calculate prices determined by how the vehicle is used. Vehicles not used for work or commuting can get a lower rate than vehicles that have high annual mileage. An improperly rated Touareg may be costing you higher rates. Double check that your insurance coverage declarations sheet correctly shows the correct usage for each vehicle, because it can save money.
  • Eliminate unneeded add-on coverages – There are a lot of additional extra coverages that you can get tricked into buying if you aren’t diligent. Insurance for things like coverage for rental cars, towing coverage, and extra equipment coverage may be costing you every month. These may sound like a good investment initially, but your needs may have changed so consider taking them off your policy.
  • Job can influence insurance coverage rates – Occupational choices like military generalsairline pilots and accountants are shown to have the highest average rates attributed to stressful work requirements and incredibly demanding work hours. Conversely, jobs like farmers, engineers and the unemployed generally pay rates lower than average for Touareg coverage.
  • You might pay higher premiums if you are single – Your spouse actually saves money on your policy. Having a significant other usually means you are more mature than a single person and statistics show drivers who are married are more cautious.
  • Don’t cut corners with liability – Liability insurance will protect you if you are determined to be liable for causing personal injury or damage in an accident. It will provide you with a defense in court which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not cut corners here.

How do I know if I need professional advice?

When buying the right insurance coverage, there really is no single plan that fits everyone. Every situation is different so your insurance needs to address that. For instance, these questions can aid in determining whether your personal situation may require specific advice.

  • Is my nanny covered when driving my vehicle?
  • Where can I find DUI or SR-22 insurance?
  • How high should deductibles be on a 2012 Volkswagen Touareg?
  • Am I covered when driving a rental car?
  • Are there companies who specialize in insuring high-risk drivers?
  • How do I insure my teen driver?
  • Am I covered when delivering products for my home-based business?
  • How much liability do I need to cover my assets?
  • Should I get collision insurance on every vehicle?
  • Am I covered if I hit my neighbor’s mailbox?

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Be skeptical of insurance coverage ads

Well-known insurance coverage companies like State Farm, Allstate and Geico consistently run ads on TV and radio. All the companies say the same thing about savings just by moving your policy. How can each company save you money? Here is how they do it.

Different companies have a certain “appetite” for the type of customer that will most likely be profitable. An example of a desirable risk could be a married female, has had continuous coverage, and has great credit. Anyone who fits that profile will get a cheap rate quote and have a good chance to pay quite a bit less when switching companies.

People who are not a match for those criteria will have to pay a more expensive rate and business going elsewhere. If you listen closely, the ads state “customers that switch” not “everyone that quotes” save that much. This is how companies can truthfully make the claims of big savings.

Because of the profiling, drivers should compare rate quotes every year. Because you cannot predict which company will have better premium rates than you’re paying now.

What car insurance coverages do you need?

Having a good grasp of your policy can help you determine the best coverages and the correct deductibles and limits. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording. These are typical coverage types available from car insurance companies.

Liability coverage

Liability insurance provides protection from injuries or damage you cause to a person or their property. It protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things like legal defense fees, repair bills for other people’s vehicles and funeral expenses. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford.

Collision insurance

Collision insurance covers damage to your Touareg resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as colliding with another moving vehicle, hitting a mailbox, sustaining damage from a pot hole and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible to bring the cost down.

Medical costs insurance

Medical payments and Personal Injury Protection insurance kick in for immediate expenses such as hospital visits, X-ray expenses, rehabilitation expenses and EMT expenses. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants as well as getting struck while a pedestrian. PIP is only offered in select states and may carry a deductible

UM/UIM Coverage

This provides protection from other motorists when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants and damage to your Volkswagen Touareg.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive or Other Than Collision

Comprehensive insurance pays to fix your vehicle from 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 coverage pays for claims like damage from flooding, rock chips in glass, a broken windshield, hitting a deer and damage from getting keyed. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Keep this in mind

Lower-priced 2012 Volkswagen Touareg insurance is definitely available on the web and from local agencies, and you need to price shop both to have the best selection. A few companies do not provide internet price quotes and usually these regional carriers only sell coverage through independent insurance agencies.

As you shop your coverage around, do not buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed physical damage coverage and found out when filing a claim that the small savings ended up costing them much more. Your focus should be to buy enough coverage at a price you can afford, not the least amount of coverage.

Additional auto insurance information is available at the links below