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