Cheap 2002 Volkswagen Golf Insurance Rates

No car owner likes buying insurance, especially when the cost is too high.

Insurance companies such as Geico, Progressive and Allstate continually hit you with advertising and it can be hard to avoid their marketing magic and find the best price available.

It is always a good idea to get comparison quotes at least once a year because prices go up and down regularly. Even if you got the best rate on Golf coverage two years ago other companies may now be cheaper. Block out anything you think you know about insurance because we’re going to show you the right way to lower your annual insurance bill.

Insurance rates are influenced by these factors

Many things are part of the equation when you get a price on insurance. A few of the factors are predictable such as traffic violations, but other criteria are not as apparent such as your credit history or how financially stable you are.Consumers need to have an understanding of a few of the rating criteria that are used to determine the rates you pay for insurance. If you know what determines premiums, this helps enable you to make changes that could help you find cheaper rates.

The following are just a few of the factors used by insurance companies to determine premiums.

• Credit rating impact insurance premiums – An insured’s credit score is a large factor in your rate calculation. People that have very good credit scores tend to be more responsible and file fewer claims than drivers with lower credit scores. So if your credit rating is not that good, you could be paying less to insure your 2002 Volkswagen Golf by improving your rating.
• Drive fewer miles and save – The higher the mileage driven annually the more you will pay for insurance. Almost all companies calculate rates determined by how the vehicle is used. Cars and trucks that are left in the garage receive better premium rates than vehicles that have high annual mileage. Having the wrong rating on your Golf may be costing you. Ask your agent if your insurance policy correctly shows the right rating data, because it can save money.
• Males pay more for car insurance – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. However, don’t assume that men are WORSE drivers than women. Females and males tend to get into auto accidents in similar percentages, but guys get into accidents with more damage. In addition to higher claims, males also get more serious tickets like reckless driving and DUI.
• More traffic means higher claims – Choosing to live in areas with lower population is a positive aspect when it comes to insurance. Drivers in populated areas tend to have much more traffic and more severe claims. Fewer people corresponds to lower accident rates in addition to fewer liability claims.
• Get cheaper premiums if you’re married – Having a significant other may save some money when buying insurance. It means you’re more mature and responsible and statistics prove married drivers get in fewer accidents.
• Better rates on vehicles with better crash test results – Vehicles with good safety scores tend to have better insurance rates. The safest vehicles have better occupant injury protection and any reduction in injury severity translates directly to fewer claims which can result in lower premiums.
• Tickets and citations cost more than a fine – Just one speeding ticket can increase the cost of insurance by as much as thirty percent. Drivers who don’t get tickets pay less for auto insurance compared to drivers with tickets. Drivers who have serious violations like DWI, reckless driving or hit and run convictions may find they need to prove financial responsibility with their state’s department of motor vehicles in order to legally drive a vehicle.
• Is you job costing you more? – Jobs such as military personnel, executives and dentists tend to have the highest average rates attributed to stressful work requirements and lengthy work days. Other occupations like professors, historians and the unemployed generally pay rates lower than average on Golf coverage.

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Don’t overlook these insurance coverage discounts

Companies offering auto insurance don’t always advertise their entire list of discounts very well, so the below list has some of the more common in addition to some of the lesser obvious insurance coverage savings.

• Memberships – Participating in a qualifying organization could trigger savings when shopping for insurance coverage.
• Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts may earn rate discounts as much as 30%.
• Auto/Life Discount – Larger companies have a discounted premium rate on car insurance if you buy life insurance from them.
• 55 and Retired – Seniors can possibly qualify for lower premium rates on Golf coverage.
• Own a Home – Owning your own home or condo can save a few bucks due to the fact that maintaining a home shows financial diligence.
• Online Discount – A few larger online companies will provide an incentive for completing your application digitally online.

As a sidenote, most discount credits are not given to the entire policy premium. Some only apply to specific coverage prices like liability, collision or medical payments. Even though it appears you can get free auto insurance, you aren’t that lucky.

Large insurance coverage companies and some of the premium reductions they offer are shown below.

• State Farm may include discounts for multiple policy, passive restraint, good student, Drive Safe & Save, driver’s education, and student away at school.
• American Family discounts include multi-vehicle, accident-free, defensive driver, early bird, and air bags.
• AAA offers premium reductions for good student, good driver, pay-in-full, anti-theft, AAA membership discount, multi-car, and education and occupation.
• Geico may offer discounts for emergency military deployment, driver training, five-year accident-free, membership and employees, and air bags.
• Mercury Insurance has discounts for professional/association, low natural disaster claims, good driver, type of vehicle, location of vehicle, age of vehicle, and anti-theft.
• Farmers Insurance includes discounts for early shopping, switch companies, pay in full, good student, bundle discounts, and youthful driver.
• Progressive offers discounts including multi-policy, homeowner, online quote discount, online signing, continuous coverage, multi-vehicle, and good student.

When comparing rates, check with each company or agent to apply every possible discount. Some discounts may not apply to policies everywhere.

Auto insurance buyers beware

Auto insurance providers like 21st Century, Allstate and State Farm constantly bombard you with television, radio, and online ads. All the ads make the same claim that drivers will save a bundle just by moving your policy. That’s great but how can every company charge less that you’re paying now? Just pay attention to how they say it.

Auto insurance companies have a preferred profile for the type of driver that will be a good risk. A good example of this type of driver may need to be between the ages of 40 and 55, has never had a policy lapse, and drives a vehicle with a low ISO rating. Any customer who matches that profile may get the lowest rates and most likely will save when switching.

Consumers who are not a match for these standards will have to pay higher premium rates which results in the customer buying from someone else. The trick is to say “customers that switch” but not “everyone who gets a quote” save that much when switching. That’s the way insurance companies can make those statements. This really drives home the point why drivers must get as many free insurance quotes as possible. It is impossible to predict which auto insurance company will have the lowest rates for your situation.

When to get professional advice

When buying the right insurance coverage for your vehicles, there is no best way to insure your cars. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. These are some specific questions can aid in determining whether or not you may require specific advice.

• When should I drop full coverage on my 2002 Volkswagen Golf?
• Am I covered if I hit a deer?
• Will my insurance pay for OEM parts?
• How does medical payments coverage work?
• What can I do if my company won’t pay a claim?
• Should I rate my 2002 Volkswagen Golf as pleasure use or commute?
• How much liability coverage do I need in my state?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

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Auto insurance policy specifics

Knowing the specifics of a auto insurance policy helps when choosing the best coverages for your vehicles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverages found on the average auto insurance policy.

Liability car insurance

Liability coverage protects you from damage that occurs to other people or property by causing an accident. It protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against things like medical services, funeral expenses and structural damage. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses like rehabilitation expenses, nursing services and dental work. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hitting a deer, a broken windshield and fire damage. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims such as crashing into a ditch, hitting a mailbox, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Summing up your insurance search

Throughout this article, we presented a lot of information how to compare 2002 Volkswagen Golf insurance car insurance rates online. The most important thing to understand is the more companies you get premium rates for, the higher the chance of saving money. Consumers could even find that the most savings is with a lesser-known regional company. Regional companies may have significantly lower premium rates on certain market segments compared to the large companies like Allstate or State Farm.

When getting insurance quotes online, it’s a bad idea to sacrifice coverage to reduce premiums. In many cases, an insured dropped physical damage coverage only to regret that they should have had better coverage. The proper strategy is to purchase a proper amount of coverage at a price you can afford, but do not sacrifice coverage to save money.

More information is available at these links:

• Teen Driving Statistics (Geico)
• Teen Driver Statistics (Insurance Information Insitute)
• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• Auto Insurance for Teen Drivers (Insurance Information Insitute)
• Safety Features for Your New Car (State Farm)
• Vehicle Safety Ratings (iihs.org)

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