How to Save on Henderson Volkswagen Passat Insurance

It’s well known that car insurance companies don’t want their customers to go rate shopping. Consumers who shop for lower prices are highly likely to switch insurance companies because there is a significant possibility of finding coverage at a cheaper rate. Surprisingly, a recent survey revealed that drivers who shopped around every year saved on average $3,500 over four years compared to policyholders who didn’t regularly shop around.

If finding the lowest price for Volkswagen Passat insurance in Henderson is the reason you’re reading this, understanding how to get rate quotes and compare coverage rates can save money and time.

If your goal is the lowest price, then the best way to find discount car insurance rates is to regularly compare prices from companies who provide auto insurance in Henderson. Prices can be compared by completing these steps.

1. Gain an understanding of the coverage provided by your policy and the factors you can control to keep rates down. Many policy risk factors that result in higher prices such as inattentive driving and a low credit score can be controlled by making small lifestyle or driving habit changes. This article provides more details to get better rates and get discounts that may be available to you.
2. Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like Progressive or State Farm, while independent agents can quote rates from multiple companies.
3. Compare the quotes to your current policy premium to see if cheaper Passat coverage is available in Henderson. If you can save some money, ensure there is no coverage lapse between policies.
4. Notify your agent or company of your intent to cancel the current policy and submit a completed policy application and payment to your new insurance company. Once received, put the certificate verifying coverage in an accessible location in your vehicle.

The key thing to know about shopping around is to try to use identical limits and deductibles on every quote request and and to get price estimates from every company you can. This provides an accurate price comparison and a thorough price selection.

Choosing the most cost-effective auto insurance policy in Henderson can be made easier if you know where to look. If you currently have auto insurance, you will surely be able to reduce premiums using these techniques. Drivers just need to know the tricks to compare insurance rates from many different companies.

The companies shown below are ready to provide free quotes in Nevada. If you want cheap auto insurance in Henderson, it’s highly recommended you click on several of them to get a more complete price comparison.

Volkswagen Passat coverage analysis

The coverage information displayed below showcases different insurance rates for Volkswagen Passat models. Understanding how policy premiums are determined helps drivers make decisions when shopping your coverage around.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Price estimates do not factor in specific location which can modify premiums considerably.

Policy deductible comparison

When buying car insurance, a common question is which comprehensive and collision deductibles to buy. The premium rates below can help illustrate the differences in price when you choose different comp and collision deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second data table uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Rate information does not factor in specific Henderson garaging location which can revise prices greatly.

We can derive from the above data that using a $250 deductible will cost you approximately $25 more each month or $300 a year than quoting the higher $1,000 deductible. Since you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 30 months between claims, you would most likely save money by going with a higher deductible.

Volkswagen Passat full coverage rates compared to liability only

The information below shows the comparison of Volkswagen Passat annual premium costs with and without full coverage. The information is based on a clean driving record, no claims, $1,000 deductibles, marital status is single, and no discounts are factored in.

When to stop buying physical damage coverage

There is no set rule for phasing out physical damage coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s assume your Volkswagen Passat book value is $4,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $3,000 after paying the physical damage deductible. If it’s costing in excess of $300 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are some cases where dropping physical damage coverage is not in your best interest. If you haven’t satisfied your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

It may be expensive, but it’s not optional

Despite the fact that auto insurance is not cheap in Henderson, paying for auto insurance is not optional due to several reasons.

• Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a minimum amount of liability insurance coverage if you drive a vehicle. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you bought your vehicle with a loan, most lenders will make it mandatory that you carry insurance to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the bank may buy a policy for your Volkswagen at a significantly higher premium and force you to pay for the much more expensive policy.
• Auto insurance preserves both your Volkswagen and your assets. Insurance will pay for all forms of medical expenses that are the result of an accident. Liability coverage will also pay to defend you if you are sued as the result of your driving. If damage is caused by hail or an accident, collision and comprehensive coverages will cover the repair costs.

The benefits of having insurance greatly outweigh the cost, specifically if you ever have a liability claim. On average, a vehicle owner in Henderson overpays as much as $869 every year so you should quote rates each time the policy renews to be sure current rates are still competitive.

Get Lower-cost Insurance Rates by Understanding These Factors

The best way to find cheaper auto insurance is to take a look at some of the factors that help calculate the level of your policy premiums. When consumers understand what influences your rates, this helps enable you to make changes that can earn you lower auto insurance prices.

The list below includes a few of the things used by insurance companies to determine your prices.

• Vocation and insurance premiums – Occupational choices like doctors, air traffic controllers, and financial analysts are shown to have higher premium rates in part from intense work situations and incredibly demanding work hours. Other jobs such as professors, athletes and homemakers pay the least.
• Liability coverage claims can be big – Your policy’s liability coverage will afford coverage in the event that a jury decides you are liable for personal injury or accident damage. Liability provides legal defense to defend your case. This coverage is very inexpensive compared to comp and collision, so drivers should buy more than the minimum limits required by law.
• Lower comp and collision deductibles cost more – Your deductibles define how much you are required to spend in the event of a claim. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some examples of covered claims would be collision with another vehicle, animal collisions, or theft of your vehicle. The more damage repair cost you pay before a claim is paid (deductible), the less your auto insurance will be.

• Traffic violations increase premiums – Good drivers get better rates than people who have multiple driving citations. Having just one driving citation could increase your next policy renewal substantially. People who have severe violations such as DUI or reckless driving may face state-mandated requirements to prove financial responsibility with their state motor vehicle department in order to keep their license.

  The diagram below shows how traffic citations and fender-benders drive up Volkswagen Passat annual premium costs for each age group. The costs are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.

• Rates can drop if you have more than one policy – Most major companies afford a discount to customers that purchase more than one policy such as combining an auto and homeowners policy. If you currently are using one company, it’s always a smart idea to comparison shop to ensure the best deal. Consumers may save even more even if you insure with multiple companies

• Costs for men may be higher – Statistics have proven females are less aggressive when driving. The data does not necessarily mean that females are better drivers. Men and women get in at-fault accidents in similar numbers, but the males have accidents that have higher claims. They also get more serious tickets such as reckless driving. Youthful male drivers cause the most accidents and therefore are the most expensive to insure.

  The illustration below illustrates the comparison of Volkswagen Passat premium costs for male and female drivers. The data assumes no claims, a clean driving record, comp and collision included, $500 deductibles, single marital status, and no discounts are factored in.

• You might want pay the small auto insurance claims yourself – Auto insurance companies in Nevada award the lowest premiums to people who file claims infrequently. If you file claims often, you can pretty much guarantee either higher rates or even cancellation. Insurance coverage is intended for claims that you cannot pay yourself.

• Insurance loss data for a Volkswagen Passat – Insurers take into consideration historical loss data for every vehicle to calculate a rate that will offset any claims. Vehicles that the statistics show to have increased claim numbers or amounts will have higher premium rates.

  The information below illustrates the collected loss data for Volkswagen Passat vehicles. For each type of coverage, the statistical loss for all vehicles as a whole equals 100. Percentage values below 100 imply a favorable loss record, while numbers shown that are more than 100 indicate more frequent losses or a tendency for losses to be larger than average.

  
  

  Volkswagen Passat Insurance Claim Statistics

  Specific Volkswagen Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Volkswagen Passat	101	99	99	111	113	102

  BETTER

  AVERAGE

  WORSE

  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

You are unique and your car insurance should be too

When quoting and choosing a policy for your vehicles, there really is not a best way to insure your cars. Every insured’s situation is different and your policy should reflect that.
Here are some questions about coverages that may help highlight if your situation might need an agent’s assistance.

• Am I covered when pulling a rental trailer?
• When can I cancel my policy?
• Does my insurance cover damage caused when ticketed for reckless driving?
• What is PIP insurance?
• Are split liability limits better than a combined single limit?
• If my pet gets injured in an accident are they covered?
• Do I have ACV or replacement cost coverage?

If you can’t answer these questions, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area. It is quick, free and you can get the answers you need.

Keep this in mind when shopping around

When searching for affordable Volkswagen Passat insurance quotes, make sure you don’t sacrifice coverage to reduce premiums. Too many times, an insured cut collision coverage only to find out that the small savings ended up costing them much more. The goal is to get the best coverage possible at the best price, but do not sacrifice coverage to save money.

Lower-priced auto insurance in Henderson can be found on the web and also from your neighborhood Henderson agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies don’t offer online quoting and many times these smaller providers only sell through local independent agents.

Additional learning opportunities

• What is Covered by GAP Insurance? (Allstate)
• Who Has the Cheapest Henderson Auto Insurance for Business Use? (FAQ)
• Who Has Affordable Henderson Auto Insurance for a Hyundai Sonata? (FAQ)
• Who Has Cheap Car Insurance for Drivers Under 25 in Henderson? (FAQ)
• Protect Yourself Against Auto Theft (Insurance Information Institute)
• Teen Driving Statistics (iihs.org)
• Booster Seat Ratings (iihs.org)
• Five Tips to Save on Auto Insurance (Insurance Information Institute)