2003 Volkswagen Passat Insurance Cost – 9 Tips to Save

Want cheaper auto insurance rates for your Volkswagen Passat? Finding cheaper auto insurance quotes online can be complicated if you’re new to online price comparisons. Don’t let that bother you because finding lower rates is easier than you think.

Locating cheaper coverage is simple if you know the tricks. Basically, everyone who buys insurance coverage stands a good chance to be able to cut their insurance bill. But consumers must know how the larger insurance companies sell online and apply this information to your search.

How much does insurance cost?

Most larger insurance companies allow consumers to get coverage price quotes from their websites. Getting online quotes is quite easy as you simply type in the coverages you want into a form. Behind the scenes, the quote system gets your credit score and driving record and generates pricing information based on the information you submitted.

This streamlines rate comparisons, but the time required to go to a lot of sites and complete many quote forms is monotonous and tiresome. Unfortunately, it is important to do this in order to find the lowest insurance rates.

Compare rates the easy way

The easiest way to locate the lowest prices is to use a quote form to get prices from multiple companies. It’s a real time-saver, eliminates form submissions, and makes price shopping online much more enjoyable. After sending the form, it is rated and you are able to buy any one of the quotes that you receive.

If you find a better price you can simply submit the application and buy the new coverage. The entire process can be completed in less than 10 minutes and you will find out if you’re overpaying now.

To quickly fill out one form to compare multiple rates now, click here to open in a new tab and input your coverage information. If you have your current policy handy, we recommend you complete the form with the limits and deductibles as close as possible to your current policy. This helps ensure you will get a fair comparison for the exact same coverage.

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Save money with these nine car insurance discounts

Properly insuring your vehicles can get expensive, but you might already qualify for some discounts that you may not even be aware of. Certain discounts will be applied when you get a quote, but some may not be applied and must be manually applied prior to getting the savings. If you do not double check each discount possible, you could be saving more on your car insurance.

• Payment Discounts – By paying your policy upfront instead of making monthly payments you may have a lower total premium amount.
• Accident Forgiveness Coverage – Not necessarily a discount, but companies like Allstate and Progressive permit an accident before they charge you more for coverage if you are claim-free prior to the accident.
• Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them sucessfully take a drivers education course as it can save substantially.
• Claim Free – Drivers who stay claim-free pay less compared to drivers who are more careless.
• Paper-free Discount – Some of the larger companies will provide an incentive for buying your policy on the internet.
• Safety Restraint Discount – Drivers who require all vehicle occupants to buckle their seat belts can save up to 15% on medical payment and PIP coverage.
• Good Driver Discounts – Accident-free drivers can get discounts for up to 45% lower rates for Passat insurance than drivers with accident claims.
• Save with More Vehicles Insured – Buying a policy with multiple cars with the same car insurance company can reduce rates for all insured vehicles.
• Anti-theft Discount – Vehicles optioned with advanced anti-theft systems are stolen less frequently and will qualify for a discount on a auto insurance quote.

Policy discounts save money, but most credits do not apply to all coverage premiums. Most only reduce specific coverage prices like liability and collision coverage. So when it seems like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.

Companies and a partial list of their discounts are:

• American Family has savings for air bags, accident-free, Steer into Savings, early bird, and multi-vehicle.
• State Farm policyholders can earn discounts including safe vehicle, good student, student away at school, anti-theft, and multiple policy.
• 21st Century offers discounts including automatic seat belts, theft prevention, air bags, anti-lock brakes, student driver, 55 and older, and homeowners.
• Travelers may include discounts for payment discounts, save driver, home ownership, hybrid/electric vehicle, new car, and good student.
• Geico discounts include seat belt use, federal employee, good student, emergency military deployment, and air bags.

When getting a coverage quote, ask each insurance company which discounts can lower your rates. Some credits may not apply in every state. To locate insurance companies that can offer you the previously mentioned discounts, follow this link.

Insurance can get complicated

When buying proper insurance coverage for your vehicles, there really is no best way to insure your cars. Coverage needs to be tailored to your specific needs.

These are some specific questions can aid in determining whether your personal situation might need professional guidance.

• Is my 2003 Volkswagen Passat covered for smoke damage?
• Do I really need UM/UIM coverage?
• What exactly is covered by my policy?
• Does liability extend to a camper or trailer?
• What are the financial responsibility laws in my state?
• How can I force my company to pay a claim?
• Is my trailer covered?

If you can’t answer these questions then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form.

Car insurance coverages for a Volkswagen Passat

Understanding the coverages of a auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Coverage for liability

This provides protection from damages or injuries you inflict on people or other property that is your fault. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Another option is a combined limit which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims like attorney fees, emergency aid, medical expenses, loss of income and structural damage. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and damage to your Volkswagen Passat.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Frequently these coverages are identical to your policy’s liability coverage.

Coverage for collisions

Collision insurance will pay to fix damage to your Passat resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as hitting a mailbox, crashing into a ditch, scraping a guard rail and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also increase the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for expenses like nursing services, doctor visits, funeral costs and surgery. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive insurance

This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as hitting a deer, damage from getting keyed and theft. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

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Spend less. Save more.

As you shop your coverage around, never reduce coverage to reduce premium. In too many instances, drivers have reduced uninsured motorist or liability limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to purchase a proper amount of coverage at a price you can afford.

Consumers change insurance companies for a number of reasons such as high prices, policy cancellation, denial of a claim and even extreme rates for teen drivers. Whatever your reason, finding a new company is actually quite simple.

We covered some good ideas how you can shop for 2003 Volkswagen Passat insurance online. The most important thing to understand is the more you quote auto insurance, the better your comparison will be. You may be surprised to find that the most savings is with some of the lesser-known companies.

Other resources

• Keeping Children Safe in Crashes Video (iihs.org)
• Distracted Driving Extends Beyond Texting (State Farm)
• Insuring a Leased Car (Insurance Information Insitute)
• Crash Avoidance Technologies FAQ (iihs.org)

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