How Much Does 2003 Volkswagen Golf Car Insurance Cost?

High-priced Volkswagen Golf insurance can take a big chunk out of your monthly budget, especially in this economy. Price shopping at each renewal can help to make ends meet.

Lots of insurance companies contend for your insurance dollar, and it can be difficult to compare rates to find the best rate

It’s a great practice to quote other rates before your next renewal because insurance prices are variable and change quite frequently. Just because you had the best deal for Golf insurance last year you can probably find a lower rate today. Block out anything you think you know about insurance because you’re going to get a crash course in the right way to reduce your cost while increasing coverage.

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Cheaper rates by taking advantage of discounts

Companies don’t always list every possible discount in an easy-to-find place, so we researched some of the best known as well as the least known discounts you could be receiving when you buy insurance coverage online.

Driver’s Ed – Cut your cost by having your teen driver participate in a local driver’s education class in school or through a local driver safety program.
Discounts for Multiple Vehicles – Having multiple cars or trucks on one policy could earn a price break for each car.
College Student Discount – College-age children who attend college more than 100 miles from home and do not take a car to college can receive lower rates.
Theft Prevention System – Cars with anti-theft systems help deter theft and can earn a small discount on your policy.
ABS Brakes – Vehicles that have steering control and anti-lock brakes have fewer accidents so you can save 10 percent or more.
Active Military Service – Being deployed with a military unit could qualify you for better premium rates.
Passive Restraints and Air Bags – Vehicles equipped with air bags could see savings of up to 25% or more.

Consumers should know that most of the big mark downs will not be given to the entire cost. Most cut the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, companies wouldn’t make money that way.

A list of auto insurance companies and some of the discounts include:

Farm Bureau discounts include renewal discount, driver training, youthful driver, safe driver, multi-vehicle, and multi-policy.
State Farm may offer discounts for accident-free, multiple policy, multiple autos, Drive Safe & Save, defensive driving training, and good student.
Progressive includes discounts for continuous coverage, multi-vehicle, online quote discount, online signing, and good student.
Allstate offers discounts including economy car, teenSMART discount, resident student, good student, early signing, new car, and safe driver.
Nationwide may have discounts that include good student, family plan, accident-free, defensive driving, Farm Bureau membership, and easy pay.
MetLife offers premium reductions for good student, defensive driver, claim-free, good driver, and multi-policy.

When quoting, ask every insurance company how many discounts you can get. Some of the discounts discussed earlier might not apply everywhere.

How much insurance coverage do I need?

When choosing proper insurance coverage, there isn’t really a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions might point out whether or not you would benefit from professional advice.

Is my babysitter covered when using my vehicle?
Do I need PIP coverage since I have good health insurance?
Where can I find high-risk insurance?
What if I total my 2003 Volkswagen Golf and owe more than it’s worth?
What is the difference between comprehensive and collision coverage?
Do I pay less for low miles?
I have health insurance so do I need medical payments coverage?
Are my friends covered when driving my 2003 Volkswagen Golf?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

Can you really save if you switch?

Popular car insurance providers such as State Farm, Allstate and GEICO constantly bombard you with ads on TV and radio. They all seem to seem to make the promise of big savings if you change to their company. How does each company sell you cheaper insurance coverage? Just pay attention to how they say it.

Different companies have a preferred profile for the right customer that will be a good risk. For instance, this type of risk profile might be over the age of 45, has other policies, and chooses high deductibles. A customer that hits that “sweet spot” will get very good rates and most likely will save a lot if they switch.

Drivers who don’t meet the requirements may be required to pay a more expensive rate which translates to business going elsewhere. The ad wording is “drivers who switch” but not “all drivers who get quotes” save money. That’s the way companies can truthfully state the savings.

Different companies use different criteria so you need to compare many company’s prices. It’s not possible to predict which insurance companies will have the lowest premium rates for your situation.

Auto insurance 101

Having a good grasp of insurance can be of help when determining which coverages you need for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. These are typical coverages found on most insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Normally the UM/UIM limits do not exceed the liability coverage limits.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for bills for hospital visits, nursing services, pain medications and surgery. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverages

This coverage protects you from damage that occurs to other’s property or people that is your fault. This coverage protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for claims such as structural damage, emergency aid, repair costs for stationary objects and medical services. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Auto collision coverage

This coverage pays for damage to your Golf from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like rolling your car, damaging your car on a curb, colliding with another moving vehicle, backing into a parked car and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.

Comprehensive insurance

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

Comprehensive insurance covers claims like a broken windshield, falling objects, theft and damage from a tornado or hurricane. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Saving money makes a lot of cents

In this article, we covered a lot of information how to save on 2003 Volkswagen Golf insurance. It’s most important to understand that the more times you quote, the higher your chance of finding low cost insurance coverage. Drivers may discover the most savings is with the smaller companies. These smaller insurers may have significantly lower prices on certain market segments as compared to the big name companies such as Progressive or GEICO.

While you’re price shopping online, you should never reduce needed coverages to save money. Too many times, consumers will sacrifice liability limits or collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase plenty of coverage at the lowest possible cost, not the least amount of coverage.

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