Top 5 Ways to Get Lower Rates on Volkswagen Phaeton Insurance

Did you fall for a flashy sales pitch and buy overpriced car insurance? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out.

Consumers have many car insurance companies to pick from, and although it’s nice to have a choice, it can be more challenging to find the lowest cost provider.

Don’t miss these 5 discounts

Companies offering auto insurance don’t list every discount in an easy-to-find place, so we break down both well-publicized and the more hidden savings tricks you should be using.

• Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less for Phaeton insurance than their less cautious counterparts.
• No Accidents – Claim-free drivers pay less compared to frequent claim filers.
• Theft Prevention System – Vehicles with anti-theft systems help deter theft and therefore earn up to a 10% discount.
• Drivers Education – Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
• Good Students Pay Less – Performing well in school can save 20 to 25%. The good student discount can last up until you turn 25.

Keep in mind that some of the credits will not apply the the whole policy. Some only reduce the price of certain insurance coverages like liability and collision coverage. Just because you may think adding up those discounts means a free policy, companies don’t profit that way.

To see a list of insurance companies who offer car insurance discounts, follow this link.

Don’t believe everything you hear

Car insurance companies such as State Farm, Allstate and GEICO constantly bombard you with ads in print and on television. They all seem to make an identical promise about savings if you switch to them. But how can every company make almost identical claims? This is how they do it.

Insurance companies have a certain “appetite” for the right customer that earns them a profit. For instance, a driver they prefer might be a mature driver, has no prior claims, and drives less than 10,000 miles a year. A customer getting a price quote who fits that profile will get very good rates and therefore will pay quite a bit less when switching companies.

Drivers who do not match the requirements must pay a more expensive rate and this can result in business going elsewhere. The ad wording is “customers who switch” not “everybody who quotes” save that much. That’s the way insurance companies can advertise the way they do. This illustrates why drivers should compare many company’s rates. It’s impossible to know which insurance companies will have the lowest rates.

Parts of your car insurance policy

Understanding the coverages of your policy helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Below you’ll find the normal coverages found on most car insurance policies.

Auto collision coverage

This coverage pays for damage to your Phaeton resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like rolling your car, crashing into a ditch and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as dental work, doctor visits, funeral costs, ambulance fees and rehabilitation expenses. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers you and your occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Liability auto insurance

Liability coverage will cover injuries or damage you cause to people or other property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability can pay for claims such as medical expenses, pain and suffering and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Volkswagen Phaeton.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive coverages

Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as rock chips in glass, fire damage and hitting a bird. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

The best insurance company isn’t always the cheapest

When shopping online for car insurance, never skimp on coverage in order to save money. Too many times, drivers have reduced uninsured motorist or liability limits only to regret they didn’t purchase enough coverage. The aim is to purchase a proper amount of coverage at an affordable rate, not the least amount of coverage.

Affordable Volkswagen Phaeton insurance is available both online and also from your neighborhood agents, so compare prices from both to have the best selection. Some insurance companies may not provide you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.