Save on 1998 Volkswagen GTI Insurance Rates

Expensive Volkswagen GTI insurance can deplete your family’s budget and force you to make tough financial choices. Performing a price comparison is a great way to lower your monthly bill.

Due to the fact that there are so many insurance companies to choose from, it is very difficult to locate the cheapest company.

You should take the time to quote other rates before your next renewal due to the fact that insurance prices are variable and change quite frequently. If you had the best rate on GTI insurance last year there is a good chance you can find better premium rates now. Forget anything you know (or think you know) about auto insurance because you’re about to learn the best methods to lower your annual insurance bill.

This information will familiarize you with how to effectively get price quotes and some tips to save money. If you have car insurance now, you will most likely be able to cut costs considerably using these tips. Nevertheless, consumers need to have an understanding of how big insurance companies market on the web and use this information to your advantage.

Discounts for lower-cost insurance rates

Not too many consumers would say insurance is affordable, but you might be missing out on some discounts to cut the cost considerably. Some of these disounts will be visible when you purchase, but a few must be asked about prior to getting the savings. If you check and find you aren’t receiving every discount you qualify for, you could be paying more than you need to.

• Bundled Policy Discount – If you can combine your auto and home policy with the same company you may earn nearly 15% which can help you find low cost insurance.
• Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off on GTI insurance with a few insurance companies.
• Onboard Data Collection – Policyholders that allow driving data submission to analyze their driving habits by using a telematic data system such as State Farm’s In-Drive may get a rate reduction if they show good driving skills.
• Responsible Driver Discount – Insureds without accidents can save up to 40% or more on their insurance quote on GTI insurance than their less cautious counterparts.
• Anti-lock Brake Discount – Cars and trucks that have anti-lock braking systems are much safer to drive and the ABS can save up to 10%.

A little disclaimer on discounts, some of the credits will not apply to the entire policy premium. Most only cut the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like adding up those discounts means a free policy, companies don’t profit that way.

Some of the insurance companies that possibly offer most of the discounts above include:

• Farm Bureau
• Liberty Mutual
• State Farm
• Auto-Owners Insurance
• Geico
• SAFECO

If you want cheaper insurance quotes, ask every prospective company how many discounts you can get. Savings might not be offered in your area. If you would like to choose from a list of insurance companies that can offer you the previously mentioned discounts, click here to view.

Tailor your auto insurance coverage to you

When buying proper insurance coverage for your vehicles, there really is no one size fits all plan. Everyone’s situation is unique so your insurance should reflect that These are some specific questions can help discover whether or not you might need professional guidance.

• Is my custom paint covered by insurance?
• How high should deductibles be on a 1998 Volkswagen GTI?
• Do I need replacement cost coverage on my 1998 Volkswagen GTI?
• Should I buy additional glass protection?
• Is a blown tire covered by insurance?
• When do I need to add a new car to my policy?
• Should I get collision insurance on every vehicle?
• When would I need rental car insurance?

If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Car insurance coverage basics

Learning about specific coverages of car insurance helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverage types offered by car insurance companies.

Collision protection

This pays for damage to your GTI from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as rolling your car, hitting a parking meter, damaging your car on a curb, sideswiping another vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like X-ray expenses, prosthetic devices and chiropractic care. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your 1998 Volkswagen GTI.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as hail damage, theft, damage from flooding, hitting a bird and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for liability

This will cover damage that occurs to a person or their property by causing an accident. It protects you against claims from other people. It does not 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. You commonly see limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as pain and suffering, repair costs for stationary objects, medical expenses and court costs. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford.

Save your cold hard cash

We just showed you some good ideas how you can lower your 1998 Volkswagen GTI insurance premium rates. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with some of the lesser-known companies. These companies can often insure niche markets at a lower cost than their larger competitors like Allstate, Geico and Progressive.

Budget-friendly insurance is available online and with local insurance agents, and you should compare rates from both to have the best rate selection. Some insurance providers don’t offer internet price quotes and most of the time these smaller providers work with independent insurance agents.

More learning opportunities

• What is Covered by GAP Insurance? (Allstate)
• Auto Crash Statistics (Insurance Information Insitute)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Tread Depth and Tire Safety (State Farm)