Cheap 2008 Volkswagen GTI Insurance Quotes

Trying to find the cheapest insurance for a Volkswagen GTI can be a lot of work, but you can learn these tips and make it easy.

There are both good and bad ways to find insurance online and you need to know the quickest way to price shop coverage for a Volkswagen and obtain the lowest possible price either online or from local insurance agents.

If you have a policy now or are just looking to switch companies, you will benefit by learning to cut your premiums and possibly find even better coverage. Locating affordable insurance coverage is simple if you know the tricks. Vehicle owners only need to know the most efficient way to compare rates online.

These factors can influence Volkswagen GTI insurance rates

Consumers need to have an understanding of the factors that help determine car insurance rates. Understanding what determines base rates empowers consumers to make smart changes that could result in big savings.

  • Extra add-on coverages are wasting money – There are many add-on coverages you can purchase on your car insurance policy. Things like vanishing deductibles, better glass coverage and term life insurance are some examples. These may sound like a good investment at first, but if they’re wasting money remove them from your policy.
  • You might want pay the small claims yourself – Insurance companies give lower rates to drivers who do not file claims often. If you frequently file small claims, you can pretty much guarantee either higher rates or even cancellation. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Better credit scores mean better rates – Having a bad credit history is a large factor in calculating your car insurance rates. If your credit history is not that good, you could save money insuring your 2008 Volkswagen GTI by improving your rating. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers who have lower credit scores.
  • Careful drivers pay lower rates – Drivers who don’t get tickets have lower premiums than their less careful counterparts. Only having one citation can bump up the cost by as much as thirty percent. Drivers who get dangerous violations like DUI or reckless driving may be required to submit a SR-22 form with their state motor vehicle department in order to prevent a license revocation.
  • Special features that cut premiums – Driving a car with anti-theft technology or alarm system can help bring down rates. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder car theft.
  • More than one policy can earn a discount – The majority of companies will award you with lower prices to policyholders who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, you still need to compare rates to make sure you are getting the best deal.

Do you qualify for discounts?

Properly insuring your vehicles can get expensive, but discounts can save money and there are some available that you may not know about. Some trigger automatically when you quote, but lesser-known reductions have to be asked for prior to getting the savings. If you’re not getting every credit you qualify for, you are throwing money away.

  • New Car Discount – Putting insurance coverage on a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Drive Less and Save – Fewer annual miles on your Volkswagen can qualify you for lower rates on the low mileage vehicles.
  • Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts can get savings of 20% or more.
  • Accident Forgiveness – Some insurance companies will allow you to have one accident before hitting you with a surcharge as long as you don’t have any claims for a particular time prior to the accident.
  • Theft Prevention System – Anti-theft and alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Early Switch Discount – A few companies offer discounts for signing up before your current expiration date. It’s a savings of about 10%.
  • Life Insurance Discount – Some companies give a break if you buy a life insurance policy as well.
  • Military Rewards – Being deployed with a military unit may qualify for rate reductions.
  • Distant Student – Any of your kids living away from home attending college and do not have access to a covered vehicle can receive lower rates.

A little note about advertised discounts, most credits do not apply to the entire policy premium. Most only cut specific coverage prices like liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, it doesn’t quite work that way. Any amount of discount will cut the cost of coverage.

For a list of insurance companies offering auto insurance discounts, click here.

Ads can be misleading

Consumers can’t get away from ads that promise big savings by 21st Century, Allstate and State Farm. They all seem to make the same claim about savings if you switch to their company.

How can each company make almost identical claims?

Insurance companies have a preferred profile for the type of driver that is profitable for them. For example, a desirable insured could possibly be over the age of 40, a clean driving record, and drives less than 7,500 miles a year. A propective insured that hits that “sweet spot” will get the preferred rates and is almost guaranteed to pay quite a bit less when switching companies.

Potential insureds who are not a match for the “perfect” profile must pay higher prices and this can result in business not being written. Company advertisements say “customers who switch” not “everybody who quotes” save that much money. That’s why insurance companies can confidently advertise the way they do.

This illustrates why drivers must get quotes from several different companies. It’s just too difficult to predict which car insurance company will have the lowest Volkswagen GTI insurance rates.

Don’t assume everyone needs the same coverage

When it comes to buying the right insurance coverage for your personal vehicles, there is no cookie cutter policy. Everyone’s needs are different.

For example, these questions may help you determine if your insurance needs would benefit from an agent’s advice.

  • What if I don’t agree with a claim settlement offer?
  • Should I sign the liability waiver when renting a car?
  • Should I have combined single limit or split liability limits?
  • Exactly who is provided coverage by my policy?
  • Am I covered if I hit a deer?
  • Should I drop comprehensive coverage on older vehicles?
  • Are my tools covered if they get stolen from my vehicle?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form. It is quick, free and may give you better protection.

Auto insurance coverages

Knowing the specifics of your car insurance policy can help you determine which coverages you need for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Insurance for medical payments

Coverage for medical payments and/or PIP pay for bills such as funeral costs, prosthetic devices and hospital visits. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. It covers you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as falling objects, a tree branch falling on your vehicle and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto liability

This coverage protects you from damage or injury you incur to a person or their property in an accident. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like repair bills for other people’s vehicles, loss of income, court costs and medical expenses. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Collision insurance

Collision insurance will pay to fix damage to your GTI from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things such as sideswiping another vehicle, damaging your car on a curb and driving through your garage door. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Save your hard earned cash

When trying to cut insurance costs, make sure you don’t skimp on critical coverages to save a buck or two. There have been many cases where an accident victim reduced liability coverage limits and learned later that it was a big mistake. The aim is to find the BEST coverage for the lowest price while still protecting your assets.

The cheapest 2008 Volkswagen GTI insurance can be found both online and also from your neighborhood agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers may not provide the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

Drivers change insurance companies for a number of reasons such as delays in responding to claim requests, high rates after DUI convictions, denial of a claim or not issuing a premium refund. It doesn’t matter what your reason, switching companies can be easier than you think.

More detailed insurance coverage information can be found in these articles: