2001 Volkswagen Cabrio Insurance Rates – 8 Policy Discounts

Are you burned out from sacrificing to buy car insurance? Your situation is no different than most other consumers.

Companies like Progressive, Geico and Farmers Insurance continually bombard you with TV and radio ads and it can be hard to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

Finding insurance

The majority of larger companies like Progressive, Geico, Allstate and State Farm allow you to get price estimates direct online. Comparing rates online is pretty painless as you simply enter your coverage preferences into the quote form. Upon sending the form, their quoting system automatically retrieves your driving record and credit report and quotes a price based on these factors. This makes it easy to compare insurance prices but the work required to visit multiple sites and complete many quote forms is a waste of time. But it is imperative to have as many quotes as possible if you want to get better prices.

There is an easier way to compare rates

The preferred way to compare rates makes use of a single form that gets price quotes from a lot of companies. It’s a real time-saver, reduces the work, and makes online price comparison much simpler. After your information is entered, it is rated and you can choose any or none of the quotes that you receive.

If one or more price quotes are lower than your current rates, you can click and sign and purchase the new policy. This process takes just a few minutes to complete and you will know how your current rates stack up.

To quickly compare pricing, simply click here to open in new window and submit your coverage information. If you have a policy now, it’s recommended you type in your coverages as close as possible to your current policy. This ensures you will be getting comparison quotes for similar coverage.

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Discount insurance rates

Some insurance providers do not list the complete list of policy discounts in an easy-to-find place, so the list below details some of the best known as well as some of the hidden credits that may apply to you.

• Safety Course Discount – Successfully completing a course that instructs on driving safety could cut 5% off your bill and easily recoup the cost of the course.
• Accident Forgiveness Coverage – This one isn’t a discount, but a few companies such as Geico and Allstate will forgive one accident without the usual rate increase as long as you don’t have any claims prior to the accident.
• Club Memberships – Belonging to a civic or occupational organization could qualify you for a break on your policy.
• Discount for Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems may qualify for discounts of 20% or more.
• More Vehicles More Savings – Insuring primary and secondary vehicles with the same insurance company can get a discount on all vehicles.
• Good Students Pay Less – Getting good grades could provide a savings of up to 20% or more. Earning this discount can benefit you up until you turn 25.
• Home Ownership Discount – Owning a home can get you a discount because owning a home shows financial diligence.
• Drive Less and Save – Low annual miles may enable drivers to earn discounted prices on garaged vehicles.

You should keep in mind that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce specific coverage prices like comp or med pay. So even though you would think you could get a free insurance policy, insurance companies aren’t that generous.

A list of companies and some of the discounts can be read below.

• Farmers Insurance offers discounts for alternative fuel, multi-car, mature driver, electronic funds transfer, and youthful driver.
• State Farm includes discounts for good driver, passive restraint, anti-theft, driver’s education, and Drive Safe & Save.
• Liberty Mutual has discounts for new move discount, multi-policy, preferred payment discount, exclusive group savings, multi-car, and new vehicle discount.
• MetLife may offer discounts for multi-policy, good student, defensive driver, accident-free, claim-free, good driver
• Progressive policyholders can earn discounts including multi-vehicle, good student, continuous coverage, multi-policy, online quote discount, online signing, and homeowner.

Double check with each company or agent which discounts you may be entitled to. Some discounts listed above may not be offered in your state.

Tailor your auto insurance coverage to you

When it comes to buying coverage, there really is no cookie cutter policy. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that may help highlight if your situation might need professional guidance.

• Should I rate my 2001 Volkswagen Cabrio as pleasure use or commute?
• Is motorclub coverage worth it?
• Is my state a no-fault state?
• What if I owe more than I can insure my car for?
• When can I cancel my policy?
• Am I covered when driving on a suspended license?
• How do I file an SR-22 for a DUI in my state?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

The insurance bait and switch

Big name companies like Progressive, Geico, Allstate and State Farm seem to constantly run ads in print and on television. All the companies say the same thing about how much you will save if you switch to them. How does every insurance company charge less that you’re paying now?

Most companies have underwriting criteria for the type of driver that makes them money. For instance, a profitable customer could possibly be over the age of 50, has no tickets, and drives less than 5,000 miles a year. Anyone who fits that profile will qualify for the lowest car insurance rates and is almost guaranteed to save money with a new company.

People who don’t meet those standards will see higher premiums and ends up with the customer buying from someone else. If you listen closely, the ads state “customers who switch” not “all people who quote” save the amount stated. That is how insurance companies can confidently state the savings.

That is why drivers must compare rate quotes every year. Because you never know with any certainty which company will fit your personal profile best.

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Specific coverage details

Knowing the specifics of auto insurance aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages offered by auto insurance companies.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your 2001 Volkswagen Cabrio.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Liability car insurance – Liability insurance provides protection from damage that occurs to a person or their property. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Alternatively, you may have a combined limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers things like loss of income, pain and suffering, attorney fees and medical expenses. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP pay for short-term medical expenses for rehabilitation expenses, hospital visits, chiropractic care, nursing services and prosthetic devices. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverage – This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, hitting a deer, hitting a bird and vandalism. The highest amount your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision – Collision insurance pays for damage to your Cabrio resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as hitting a parking meter, sideswiping another vehicle, colliding with a tree and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.

Final considerations

When shopping online for auto insurance, don’t be tempted to reduce needed coverages to save money. There have been many cases where an insured dropped physical damage coverage and found out when filing a claim that the small savings ended up costing them much more. The ultimate goal is to find the BEST coverage at the lowest possible cost, but do not skimp to save money.

We just presented some good ideas how to lower your 2001 Volkswagen Cabrio insurance car insurance rates. The key thing to remember is the more price quotes you have, the better likelihood of getting affordable car insurance. You may even find the best price on auto insurance is with a small local company. Smaller companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as Geico and State Farm.

More tips and info about auto insurance is available at these sites:

• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Red Light Cameras (State Farm)
• Anti-Lock Brake FAQ (iihs.org)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)
• If I File a Claim will My Insurance Go Up? (Insurance Information Insitute)

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