The recommended way to get budget Volkswagen Golf insurance is to start doing an annual price comparison from insurance carriers who sell insurance in Indianapolis. Drivers can shop around by following these guidelines.
Step 1: It will benefit you to learn about auto insurance and the changes you can make to drop your rates. Many rating factors that are responsible for high rates such as traffic tickets, fender benders, and a poor credit rating can be improved by making lifestyle changes or driving safer.
Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO and State Farm, while independent agencies can provide rate quotes from multiple sources.
Step 3: Compare the new rate quotes to your current policy premium and determine if there is any savings. If you can save money and make a switch, make sure there is no coverage gap between policies.
Step 4: Notify your company or agent of your intent to cancel your current auto insurance policy. Submit a signed application and payment to your new agent or company. When you receive it, store the certificate verifying proof of insurance in your vehicle’s glove compartment or console.
A good piece of advice is to try to compare identical deductibles and limits on every quote request and and to compare every company you can. Doing this helps ensure an apples-to-apples comparison and the best price selection.
It’s an obvious assumption that insurance companies want to keep you from comparing rates. Consumers who shop around for better prices are very likely to switch insurance companies because there is a significant possibility of finding more affordable rates. A recent survey discovered that consumers who compared prices once a year saved approximately $865 annually as compared to drivers who never compared other company’s rates.
If finding budget-friendly rates on insurance is the reason you’re here, then having some insight into how to quote and compare insurance rates can help you succeed in saving money.
Smart Buyers Know How to Quote Auto Insurance Cheaper
It’s important that you understand some of the elements that help calculate your premiums. When consumers understand what controls the rates you pay, this helps enable you to make changes that could result in big savings.
The following are some of the items used by companies to determine your prices.
Lower rates with a multi-policy discount – The majority of insurers will award discounts to customers who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount applied, consumers should still shop around to help ensure you have the lowest rates.
Never have auto insurance lapses – Driving any period of time without insurance is not a good idea and you will pay a penalty because you let your coverage cancel without a new policy in place. And not only will insurance be more expensive, getting caught without coverage will get you a revoked license or a big fine. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Indiana motor vehicle department.
Teen drivers pay higher prices – Older drivers are viewed as being more responsible, file fewer claims, and are safer drivers. Inexperience drivers tend to be less responsible with other occupants in the car therefore auto insurance rates are much higher.
The next chart assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.
Avoid unnecessary add-on coverages – Insurance companies have many extra add-on coverages that can waste your money on your auto insurance policy. Insurance for rental car reimbursement, towing coverage, and extra life insurance coverage may be costing you every month. These may sound like a good investment when buying your policy, but if you have no use for them eliminate them to save money.
Is your vehicle theft-ready? – Buying a car with a theft deterrent system can help lower your rates. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop car theft.
Drive a fast car, truck or SUV and pay more – The type of car or truck you need insurance for makes a substantial difference in your premium level. Low performance passenger cars usually are quite affordable to insure, but other factors influence the final cost greatly.
The following data assumes a single male driver age 30, full coverage with $250 deductibles, and no discounts or violations. The chart compares Volkswagen Golf insurance premiums compared to other vehicles that have a range of performance rating factors.
Urban areas may pay more – Living in less populated areas is a good thing when shopping for auto insurance. Fewer drivers on the road translates into fewer accident claims in addition to lower liability claims. Drivers who live in large Indiana cities have more road rage incidents and more time behind the wheel. More time behind the wheel statistically corresponds to a higher accident and claim rate.
Volkswagen Golf historical loss data – Car insurance companies use claims history when they set coverage costs for each model. Vehicles that statistically have higher frequency or amount of claims will cost more for coverage. The next table illustrates the historical insurance loss data for Volkswagen Golf vehicles.
For each coverage category, the loss probability for all vehicles as a whole is a value of 100. Numbers that are below 100 are indicative of better than average losses, while percentage numbers above 100 indicate more frequent claims or an increased chance of larger losses than average.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Volkswagen Golf | 109 | 97 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Coverage analysis
The premium information shown next showcases estimates of insurance premium costs for Volkswagen Golf models. Being more informed about how policy rates are figured can be useful when making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Golf 2.5 2-Dr Hatchback | $176 | $348 | $280 | $16 | $84 | $904 | $75 |
| Golf 2.5 4-Dr Hatchback | $200 | $348 | $280 | $16 | $84 | $928 | $77 |
| Golf 2.0T Turbo Diesel 2-Dr Hatchback | $200 | $400 | $280 | $16 | $84 | $980 | $82 |
| Golf 2.0T Turbo Diesel 4-Dr Hatchback | $200 | $348 | $280 | $16 | $84 | $928 | $77 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in Indianapolis location which can lower or raise auto insurance rates noticeably.
The information below highlights how deductible choice and can influence Volkswagen Golf yearly insurance costs for different age categories. The rates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.
Car insurance cost for men versus women
The illustration below illustrates the difference between Volkswagen Golf yearly insurance costs for male and female drivers. The prices are based on no driving violations, no at-fault accidents, comp and collision included, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
Full coverage versus liability-only
The information below visualizes the comparison of Volkswagen Golf insurance prices with full physical damage coverage compared to only buying liability only. The data assumes no claims or driving violations, $100 deductibles, drivers are single, and no other discounts are factored in.
Are you wasting money on full coverage?
There is no written rule to eliminate physical damage insurance, but there is a broad guideline. If the annual cost of coverage 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 pretend your Volkswagen Golf settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after paying your deductible. If you are currently paying more than $400 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
There are a few cases where removing full coverage is not in your best interest. If you haven’t paid off your loan, you have to keep full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage.
Discounts for cheaper car insurance rates
Some companies don’t necessarily list every discount very well, so the following is a list of both well-publicized and also the lesser-known credits that may apply to you.
- Driver Education Discount – Cut your cost by having your teen driver enroll in driver’s education in high school.
- Discounts for Cautious Drivers – Insureds who avoid accidents could pay up to 40% less compared to accident prone drivers.
- Anti-theft System – Cars and trucks equipped with anti-theft or alarm systems are stolen less frequently and that can save you a little bit as well.
- Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn lower prices if you buy auto and life insurance together.
- Government Employee Discount – Simply working for the federal government could cut as much as 10% off depending on your car insurance provider.
- Service Members Pay Less – Being deployed in the military could trigger a small discount.
Just know that some of the credits will not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Even though it appears you could get a free car insurance policy, it just doesn’t work that way. Any amount of discount will help lower your policy premium.
The diagram below shows the comparison of Volkswagen Golf auto insurance rates with and without policy discounts. The data assumes a female driver, no claims, a clean driving record, Indiana state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, multi-car, claim-free, homeowner, and marriage discounts applied.
To see a list of insurance companies that can offer you the previously mentioned discounts in Indianapolis, click here.
Persistent drivers can save
In this article, we covered a lot of tips how to lower your Volkswagen Golf insurance car insurance rates in Indianapolis. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may even discover the lowest car insurance rates are with a company that doesn’t do a lot of advertising. Regional companies may only write in your state and offer lower premium rates compared to the large companies like Allstate, GEICO and Progressive.
Some insurance companies may not offer rates over the internet and many times these small, regional companies work with independent insurance agencies. Cheap Volkswagen Golf insurance in Indianapolis is available from both online companies and also from your neighborhood Indianapolis agents, so compare prices from both in order to have the best price selection to choose from.
Additional information can be found at the links below
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- How Much are Indianapolis Car Insurance Quotes for Drivers Over Age 70? (FAQ)
- Who Has Affordable Auto Insurance for Single Moms in Indianapolis? (FAQ)
- What Insurance is Cheapest for a Jeep Grand Cherokee in Indianapolis? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers Requiring a SR22 in Indianapolis? (FAQ)
- How Much are Indianapolis Auto Insurance Quotes for Low Mileage Drivers? (FAQ)
- Teen Driving Statistics (GEICO)
- Teen Driver Statistics (Insurance Information Institute)
- Safety Features for Your New Car (State Farm)