Cheapest Insurance for a Volkswagen Routan in Indianapolis

If saving the most money is your goal, then the best way to get budget car insurance rates in Indianapolis is to compare prices once a year from providers that insure vehicles in Indiana. You can compare prices by following these steps.

• First, it will benefit you to learn about car insurance and the measures you can control to prevent expensive coverage. Many things that cause high rates like multiple speeding tickets and a less-than-favorable credit score can be improved by making small lifestyle or driving habit changes.
• Second, compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from a single company like GEICO and Allstate, while independent agencies can provide prices for a wide range of companies.
• Third, compare the price quotes to your existing policy and see if there is a cheaper rate. If you find a lower rate quote and change companies, make sure there is no lapse in coverage.

A good piece of advice is to make sure you’re comparing the same coverage limits and deductibles on each quote request and and to get rates from as many companies as you can. Doing this enables a fair price comparison and the best rate selection.

A recent survey discovered that about 70% of customers have been with the same company for over three years, and just under half have never even compared rates from other companies. Indiana insurance shoppers could save about 55% a year by just shopping around, but they don’t invest the time required to shop their coverage around.

Compare quotes for Indianapolis Volkswagen Routan insurance

Finding cheap car insurance rates is actually easier than you may think. The only thing you need to do is take time comparing free Indianapolis car insurance quotes from online providers.

The companies shown below offer quotes in Indianapolis, IN. If multiple companies are shown, we suggest you visit as many as you can to get the best price comparison.

Car insurance analysis for a Volkswagen Routan

The coverage information displayed next highlights a range of insurance policy prices for Volkswagen Routan models. Learning more about how auto insurance prices are established can help you make informed decisions.

Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price information does not factor in zip code location which can raise or lower premium rates greatly.

Can higher deductibles save money?

One of the most common car insurance questions is what deductibles to buy. The following insurance rates can help you visualize how much more you’ll pay between low and high policy deductibles. The first rate estimation uses a $100 physical damage deductible and the second set of prices uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Price information does not factor in your specific Indianapolis location which can lower or raise rates noticeably.

Based on the above data, using a $100 deductible will cost in the ballpark of $30 more each month or $360 annually across all Volkswagen Routan models than opting for the higher $1,000 deductible. Since you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have more than 30 months between claim filings, you would more than likely save some money if you opt for a higher deductible. The numbers below show an example of how we made this calculation.

One important caveat is that increasing deductibles to save money means you will have to cover more of the damage yourself when you have a physical damage claim. You must have enough disposable income in order to pay more to get your vehicle repaired.

Violations and accidents raise rates

The illustration below illustrates how traffic citations and accidents can drive up Volkswagen Routan auto insurance costs for different age groups. The rate quotes are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

Full coverage rates compared to liability-only

The example below compares Volkswagen Routan auto insurance costs with full physical damage coverage compared to only buying liability only. Data assumes no claims, a clean driving record, $100 deductibles, single marital status, and no discounts are factored in.

Are you wasting money on full coverage?

There is no set guideline for excluding physical damage insurance, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s pretend your Volkswagen Routan claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $8,000 after paying the physical damage deductible. If premium cost is more than $800 a year for physical damage coverage, then you may want to consider only buying liability coverage.

There are some situations where removing full coverage is not financially feasible. If you still have a loan on your vehicle, 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 not buy liability only.

Eight Tips to Get Cheaper Indianapolis Insurance Costs

An important part of buying insurance is that you know some of the factors that aid in calculating the level of your policy premiums. If you know what influences your rates, this allows you to make educated decisions that may result in cheaper rates. Many different elements are used when you quote your car insurance policy. Some factors are common sense such as your driving history, although others are not as apparent such as your marital status or how financially stable you are.

The list below includes some of the major factors that factor into premiums.

Low physical damage deductibles can be expensive – Comp and collision deductibles are the amount of money the insured will be required to pay if the claim is covered. Coverage for physical damage, also called comprehensive and collision insurance, covers damage that occurs to your car. Some examples of claims that would be covered would be colliding with a stationary object, damage from fire, and having a roll-over accident. The more money the insured has to pay upfront, the better rate you will receive.

Better rates on cars with good safety ratings – Vehicles that have high safety ratings cost less to insure. The safest vehicles help reduce the chance of injuries in an accident and fewer serious injuries translates directly to fewer claims and more competitive rates for policyholders. If the Volkswagen Routan scored at minimum four stars on Safercar.gov it may cost less to insure.

Pay more for higher performance vehicles – The type of car, truck or SUV you are insuring makes a huge difference in how high your rates are. The lowest premiums will normally be found when insuring low performance passenger models, but other factors influence the final cost greatly.

The chart below uses these assumptions: single male driver age 30, full coverage with $100 deductibles, and no discounts or violations. It compares Volkswagen Routan rates compared to other models that have different performance risks.

Is auto insurance cheaper for women or men? – Statistics have proven that females take fewer risks when driving. It does not mean females are better drivers. Males and females are responsible for accidents at about the same rate, but guys tend to have higher claims. Not only are claims higher, but men get more serious tickets such as reckless driving. Males from age 16 to 21 are several times more likely to be in an accident so they pay the highest premiums.

The illustration below shows the comparison of Volkswagen Routan auto insurance costs for male and female drivers. The costs are based on no claims or violations, full physical damage coverage, $100 deductibles, drivers are single, and no discounts are factored in.

Poor credit decisions can cost you – Having a bad credit score can be a huge factor in calculating your premium rate. People that have very good credit scores tend to be less risk to insure than drivers who have lower credit ratings. If your credit history is not that good, you could be paying less to insure your Volkswagen Routan by spending a little time repairing your credit.

Advanced alarms and GPS tracking – Buying a car with a theft deterrent system can get you a discount on your auto insurance. Anti-theft devices like OnStar, LoJack tracking, and tamper alarms all help prevent vehicle theft.

Save by staying claim free – Car insurance companies in Indiana provide lower rates to insureds who do not rely on their insurance for small claims. If you are a frequent claim filer, you can look forward to much higher rates or policy non-renewal. Auto insurance is meant to be used in the event of more catastrophic claims.

Never let your auto insurance expire – Not maintaining insurance can get you a ticket and your next policy will cost more because you let your coverage have a gap. In addition to paying higher premiums, not being able to provide proof of insurance might get you a fine, jail time, or a revoked license.

Why you need insurance for your vehicle

Despite the high cost of buying insurance for a Volkswagen Routan in Indianapolis, insurance is a good idea for several reasons.

• Most states have mandatory liability insurance requirements which means the state requires specific minimum amounts of liability protection in order to be legal. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you bought your Routan with a loan, almost every bank will stipulate that you have comprehensive coverage to guarantee payment of the loan. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Volkswagen for a lot more money and force you to pay for it.
• Insurance safeguards both your assets and your Volkswagen. It will also pay for medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance will also pay to defend you if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will cover the repair costs.

The benefits of buying enough insurance definitely exceed the price paid, particularly if you ever have a claim. In a recent study of 1,000 drivers, the average customer is overpaying over $820 a year so you should quote your policy with other companies at every policy renewal to make sure the price is not too high.