Trying to find lower insurance rates for your Volkswagen GTI? Did you fall for a flashy sales pitch and buy high-priced insurance? Believe me when I say there are a lot of people just like you who feel imprisoned by their insurance policy.
Lots of insurers contend to insure your vehicles, so it’s not easy to compare every insurance company to get the lowest price
The cost of insuring your cars can be expensive, but you can get discounts to help bring down the price. Most are applied at the time of purchase, but a few must be specifically requested before you get the savings.
Keep in mind that most discount credits are not given to your bottom line cost. Most only reduce specific coverage prices like liability, collision or medical payments. So when it seems like adding up those discounts means a free policy, you won’t be that lucky. But any discount will help reduce the amount you have to pay.
To see a list of insurance companies with discount insurance rates, click here to view.
When it comes to buying coverage for your vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions might point out if you may require specific advice.
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.
Understanding the coverages of your policy helps when choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find the normal coverages found on most auto insurance policies.
Liability coverage
This coverage protects you from injuries or damage you cause to other’s property or people that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.
Liability coverage pays for claims such as legal defense fees, medical expenses and loss of income. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage pay for bills for nursing services, X-ray expenses, EMT expenses, funeral costs and pain medications. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
Comprehensive insurance
This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like rock chips in glass, damage from a tornado or hurricane and hail damage. The most a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Usually these coverages are identical to your policy’s liability coverage.
Collision protection
This coverage covers damage to your GTI caused by collision 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 insurance covers claims like crashing into a building, crashing into a ditch, sideswiping another vehicle, hitting a mailbox and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.
We covered a lot of techniques to lower your 1996 Volkswagen GTI insurance rates. The key concept to understand is the more rate comparisons you have, the better your comparison will be. Consumers could even find that the best prices are with a small local company. Some small companies may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive and Geico.
Lower-priced insurance can be sourced online in addition to many insurance agents, and you need to price shop both to have the best rate selection. Some insurance providers do not provide the ability to get a quote online and usually these small, regional companies provide coverage only through local independent agents.