Cheap 2002 Volkswagen Passat Insurance Rates

Trying to find better insurance coverage rates for your Volkswagen Passat? Pricey Volkswagen Passat insurance can overdraw your checking account, especially in this economy. Comparing rate quotes is recommended to ensure you are getting the best deal.

Many insurers compete for your insurance dollar, so it can be very hard to choose a insurance company and get the best coverage at the best rates possible.

You should make it a habit to get comparison quotes before your policy renews since insurance prices are variable and change quite frequently. Despite the fact that you may have had the lowest price for Passat insurance a couple years back there may be better deals available now. There are lots of tips to save on insurance coverage on the web, but in just a couple of minutes you can learn some great ideas on how to lower your insurance coverage premiums.

What affects Volkswagen Passat insurance rates?

Many factors are used when pricing auto insurance. Some are pretty understandable such as your driving record, but some are less obvious such as your credit history and annual miles driven.It’s important that you understand the rating factors that play a part in calculating the level of your policy premiums. If you have a feel for what determines premiums, this empowers consumers to make smart changes that may reward you with big savings.

  • When should you file a insurance coverage claims? – If you tend to file frequent claims, don’t be surprised to see higher rates. Insurance companies award the best rates to insureds who do not rely on their insurance for small claims. Insurance coverage is meant to be used in the event of claims that pose a financial burden.
  • Prevent theft and save – Choosing a vehicle with a theft deterrent system can get you a discount on your insurance coverage. Theft prevention devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent your car from being stolen.
  • Certain employers raise premiums – Jobs like military personnel, social workers and medical professionals are shown to have the highest average rates because of intense work-related stress and lengthy work days. On the flip side, occupations such as farmers, engineers and performers get better rates for Passat insurance.
  • Car plus home equals more savings – Lots of insurance companies will give better rates to customers that purchase more than one policy such as combining an auto and homeowners policy. The discount can be as much as ten percent or more Even if you’re getting this discount you may still want to compare rates to make sure you are getting the best deal.
  • Youthful drivers are expensive to insure – Inexperience drivers have a tendency to be careless and easily distracted in a vehicle and because of this, their insurance coverage rates are much higher. Having to add a first-time driver to your policy can really hurt. More experienced drivers have been proven to be more responsible, cause fewer claims and accidents and get fewer tickets.
  • Cheaper rates after marriage – Walking down the aisle may earn you lower rates when buying insurance coverage. It usually means you are more mature and responsible and statistics prove married couples file fewer claims.
  • Avoid unnecessary extra policy coverages – Insurance policies have a lot of additional coverages that you can get tricked into buying if you don’t pay attention. Insurance for vanishing deductibles, towing coverage, and motor club memberships could be just wasting money. These coverages may sound good when discussing your needs, but now you might not need them so eliminate them to save money.

More discounts mean cheap premiums

Some insurers don’t necessarily list all their discounts in a way that’s easy to find, so the below list has a few of the more well known and also the lesser-known credits that you can use to lower your rates.

  • Discount for Passive Restraints – Cars that have air bags or automatic seat belts may get savings up to 30%.
  • Professional Memberships – Participating in specific professional or occupational memberships or organizations could qualify you for a break when getting a car insurance quote.
  • Discount for Low Mileage – Keeping the miles down on your Volkswagen could be rewarded with lower rates due to less chance of an accident.
  • Bundle and Save – If you have multiple policies with one insurance company you could save as much as 10 to 15 percent.
  • No Charge for an Accident – but companies like Allstate and GEICO will let one accident slide before hitting you with a surcharge if you are claim-free for a specific time period.
  • No Accidents – Good drivers with no accidents pay less when compared with frequent claim filers.
  • Seat Belt Discounts – Drivers who require all occupants to wear their seat belts can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
  • Good Students Pay Less – Excelling in school may save you up to 25%. Many companies even apply the discount to college students up to age 25.
  • E-sign – A few insurance companies provide a small discount shop car insurance online.

It’s important to understand that most discounts do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Even though the math looks like you could get a free auto insurance policy, companies don’t profit that way.

A few popular companies and a summarized list of policyholder discounts are outlined below.

  • Esurance may include discounts for Pac-12 alumni, emergency road assistance, multi-policy, safety device, and online quote.
  • The Hartford offers premium reductions for anti-theft, defensive driver, vehicle fuel type, good student, and bundle.
  • AAA offers discounts including multi-policy, pay-in-full, AAA membership discount, good driver, multi-car, and education and occupation.
  • GEICO policyholders can earn discounts including five-year accident-free, defensive driver, driver training, multi-vehicle, military active duty, and daytime running lights.
  • State Farm has savings for accident-free, Drive Safe & Save, driver’s education, good student, passive restraint, and good driver.

If you want inexpensive car insurance quotes, ask every insurance company which credits you are entitled to. A few discounts may not apply in your area. To choose auto insurance companies that offer discounts, click this link.

It’s not one size fits all

When choosing the right insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions might help in determining whether or not you would benefit from an agent’s advice.

  • What can I do if my company won’t pay a claim?
  • Is pleasure use cheaper than using my 2002 Volkswagen Passat to commute?
  • Are rock chip repairs covered?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Am I covered if I break a side mirror?
  • Does my medical payments coverage pay my health insurance deductible?
  • Is there coverage for injuries to my pets?
  • When should my teen driver be added to my policy?
  • Am I covered if I wreck a rental car?

If you’re not sure about those questions but a few of them apply, then you may want to think about 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.

Car insurance coverages and their meanings

Understanding the coverages of car insurance aids in choosing which coverages you need for your vehicles. Car insurance terms can be difficult to understand and coverage can change by endorsement. These are the normal coverages offered by car insurance companies.

Collision insurance

This coverage pays for damage to your Passat from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like crashing into a building, backing into a parked car, colliding with a tree and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.

Auto liability

Liability coverage provides protection from injuries or damage you cause to a person or their property that is your fault. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for claims such as court costs, emergency aid, funeral expenses, legal defense fees and repair bills for other people’s vehicles. How much coverage you buy is your choice, but it’s cheap coverage so purchase higher limits if possible.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for expenses like rehabilitation expenses, prosthetic devices, dental work, X-ray expenses and EMT expenses. They are often utilized in addition to your health insurance program 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. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverages

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as damage from flooding, a tree branch falling on your vehicle and falling objects. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and damage to your Volkswagen Passat.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Feed the piggy bank

As you go through the steps to switch your coverage, it’s a bad idea to sacrifice coverage to reduce premiums. In many cases, an insured dropped comprehensive coverage or liability limits and found out when filing a claim they didn’t purchase enough coverage. The goal is to purchase a proper amount of coverage at the best cost but still have enough coverage for asset protection.

We just presented some good ideas how you can reduce 2002 Volkswagen Passat insurance premium rates online. The key thing to remember is the more providers you compare, the better your chances of lowering your prices. You may be surprised to find that the best price on insurance coverage is with the smaller companies. They may often insure only within specific states and give getter rates compared to the large companies like State Farm or Progressive.

Much more information about insurance coverage can be found at these links: