1994 Volkswagen Passat Insurance Rates

When trying to find lower-cost insurance, do you get overwhelmed by the crazy number of auto insurance sources available to you? There are so many sources to choose from that it can really be a difficult challenge to find lower auto insurance rates.

You should take the time to price shop coverage before your policy renews because prices are adjusted regularly by insurance companies. Just because you had the best deal for Passat coverage two years ago you can probably find a better premium rate now. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to one of the quickest ways to find better coverage at a better price.

If you currently have car insurance, you will be able to save some money using this information. Pricing the lowest cost coverage is easy if you know what you’re doing. Although vehicle owners do need to know how big insurance companies price insurance differently and use this information to your advantage.

Compare free auto insurance rate quotes

The majority of larger companies such as 21st Century, Allstate and State Farm provide pricing direct online. Doing online price comparisons is fairly simple because you just enter your personal and coverage information into the form. Once you submit the form, their quoting system pulls your driving and credit reports and returns a price quote based on these and other factors.

Online price quotes makes it simple to compare prices but the process of having to visit a lot of sites and complete many quote forms is repetitive and time-consuming. But it’s necessary to have as many quotes as possible if you want to get the best price on auto insurance.

Rate comparisons made easy

The smarter way to locate the lowest prices uses one simple form that gets price quotes from more than one company. The form is fast, eliminates form submissions, and makes online price comparison much easier to do. As soon as you send your information, it is quoted and you can select any one of the quotes returned. If a lower price is quoted, you simply finish the application and buy the new coverage. The entire process takes just a few minutes to complete and may save quite a bit of money.

To compare rates using this form now, click here to open in new window and input your coverage information. If you have coverage now, it’s recommended you replicate coverages and limits as close as possible to your current policy. This way, you will be getting a price comparison based on similar coverages.

Do insurance companies bend the truth?

21st Century, Allstate and State Farm seem to constantly run ads on television and other media. They all advertise claims that people will save just by moving to their company. How does every insurance company make the same claim? This is the trick they use.

Insurance providers can use profiling for the type of driver they prefer to insure. For example, a profitable insured may be a female over age 40, has other policies, and chooses high deductibles. A customer that fits those parameters will get a cheap rate quote and have a good chance to cut their rates substantially.

Potential insureds who do not match these stringent criteria will probably have to pay higher premiums and ends up with the customer not buying. The wording the ads use say “people who switch” not “everybody who quotes” save that kind of money. That’s the way companies can make those statements. This emphasizes why it is so important to do a rate comparison at every renewal. You cannot predict which company will have better prices than you’re paying now.

Why you might pay lower rates

When buying insurance it’s important to understand the rating factors that come into play when calculating the rates you pay for insurance. When you understand what determines base rates, this allows you to make good choices that could help you find better insurance rates.

The itemized list below are a few of the things insurance companies consider when setting your premiums.

  • Qualify for multi-policy discounts – Most companies afford lower prices to clients who have multiple policies with them, otherwise known as a multi-policy discount. This can amount to 10 percent or more. If you currently are using one company, it’s in your best interest to comparison shop to help ensure you have the lowest rates.
  • Bump up comp and collision deductibles to lower rates – Protection for physical damage, also called ‘full coverage’, is used to repair damage to your Volkswagen. Some examples of covered claims are running into the backend of another car, hitting a deer, and damage caused by flying debris. Comprehensive and collision coverage deductibles define how much you are required to spend if a covered claim is submitted. The larger the amount you have to pay, the better rate you will receive for Passat coverage.
  • Single vs. married – Getting married actually saves money on your policy. Marriage is viewed as being more mature than a single person it has been statistically shown that married drivers tend to file fewer claims.
  • Use credit responsibly and save – Having a bad credit score is likely to be a major factor in determining what you pay for insurance. Drivers who have very good credit scores tend to be more responsible than drivers who have worse credit. If your credit rating leaves room for improvement, you could potentially save money when insuring your 1994 Volkswagen Passat if you clean up your credit.
  • Stay claim-free and save money – Auto insurance companies generally give the lowest premiums to people who only file infrequent claims. If you frequently file small claims, you can pretty much guarantee higher rates. Your insurance policy is intended for claims that pose a financial burden.

Don’t miss these discounts

Insurance coverage is not an enjoyable expense, but you may be missing some discounts to help offset the cost. Most are applied at the time of quoting, but a few must be inquired about in order for you to get them.

  • Military Discounts – Having an actively deployed family member could trigger a small discount.
  • Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy some life insurance in addition to your auto policy.
  • Memberships – Being a member of certain professional organizations is a simple method to lower premiums on your bill.
  • Early Payment Discounts – If you pay your bill all at once as opposed to paying monthly you could save up to 5%.
  • No Charge for an Accident – Not a discount per se, but some companies like GEICO, State Farm, and Progressive will allow you to have one accident without the usual rate increase if you have no claims for a specific time period.
  • Accident-Free Discounts – Drivers with accident-free driving histories have much lower rates as opposed to drivers who are more careless.
  • Sign Early and Save – A few insurance coverage companies offer discounts for signing up prior to your current policy expiration. It can save you around 10%.
  • Paperless Signup – Some of the larger companies provide a small discount for buying your policy on the internet.
  • Passive Restraint Discount – Options like air bags and/or automatic seat belt systems may get savings of 25 to 30%.

Please keep in mind that many deductions do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way.

A few of the larger companies and some of the discounts are included below.

  • Travelers offers premium reductions for multi-car, continuous insurance, early quote, good student, payment discounts, hybrid/electric vehicle, and multi-policy.
  • 21st Century may include discounts for teen driver, early bird, homeowners, student driver, anti-lock brakes, and driver training.
  • State Farm discounts include driver’s education, good student, accident-free, anti-theft, multiple autos, safe vehicle, and passive restraint.
  • GEICO offers discounts for air bags, driver training, five-year accident-free, membership and employees, seat belt use, and federal employee.
  • SAFECO includes discounts for anti-theft, homeowner, anti-lock brakes, accident prevention training, safe driver, teen safe driver, and drive less.
  • AAA may have discounts that include pay-in-full, anti-theft, good student, education and occupation, AAA membership discount, and multi-policy.

If you need lower rates, check with every prospective company how you can save money. Some of the discounts discussed earlier may not apply in every state. For a list of providers with discount insurance coverage rates, click this link.

Special considerations

When choosing proper insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Your needs are not the same as everyone else’s.

For example, these questions might help in determining if you would benefit from an agent’s advice.

  • Does my car insurance cover rental cars?
  • When should I not file a claim?
  • How do I buy GAP insurance?
  • Is my 1994 Volkswagen Passat covered for smoke damage?
  • Who is covered when they drive my 1994 Volkswagen Passat?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What can I do if my company denied a claim?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form.

Parts of your auto insurance policy

Having a good grasp of a auto insurance policy aids in choosing appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Liability auto insurance

This can cover damage or injury you incur to other’s property or people in an accident. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for claims like medical services, medical expenses and attorney fees. How much liability coverage do you need? That is up to you, but you should buy as large an amount as possible.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and damage to your Volkswagen Passat.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Comprehensive or Other Than Collision

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

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, hitting a deer, damage from flooding and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical costs insurance

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like dental work, hospital visits and funeral costs. They are often used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Auto collision coverage

This coverage covers damage to your Passat resulting from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as sideswiping another vehicle, backing into a parked car, colliding with a tree and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Buy Smart and Save

Cheap 1994 Volkswagen Passat insurance is available both online and from local agencies, and you should be comparing both so you have a total pricing picture. Some auto insurance companies do not provide online rate quotes and most of the time these smaller companies provide coverage only through independent insurance agents.

As you prepare to switch companies, never buy less coverage just to save a little money. There are a lot of situations where an accident victim reduced physical damage coverage and learned later that a couple dollars of savings turned into a financial nightmare. The aim is to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

Drivers who switch companies do it for any number of reasons including policy non-renewal, questionable increases in premium, lack of trust in their agent and denial of a claim. It doesn’t matter what your reason, finding a new company can be easy and end up saving you some money.

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