Save Money on Volkswagen Touareg Insurance in Tampa

Astonishing but true according to a recent study, nearly 70% of consumers have purchased from the same company for at least the last four years, and nearly 40% of drivers have never compared quotes from other companies. With the average premium in Florida being $2,200, drivers can save hundreds of dollars each year, but they don’t believe the big savings they would realize if they moved their coverage to a different company.

The easiest way to get discount auto insurance rates is to make a habit of regularly comparing prices from insurance carriers that insure vehicles in Tampa.

1. Spend some time learning about what is in your policy and the changes you can make to keep rates low. Many rating factors that result in higher prices like speeding tickets, accidents and a low credit score can be amended by making minor driving habit or lifestyle changes.
2. Get rate quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from one company like GEICO or State Farm, while independent agents can give you price quotes from many different companies.
3. Compare the new rates to your existing rates to see if cheaper Touareg coverage is available. If you can save some money, ensure there is no coverage lapse between policies.
4. Tell your current company to cancel your current policy. Submit the required down payment along with the signed application to the new insurer. Make sure you safely store the proof of insurance certificate in an easily accessible location.

One piece of advice is to make sure you enter the same level of coverage on each quote and and to get quotes from every insurance company. Doing this helps ensure a fair rate comparison and the best rate selection.

Finding the cheapest coverage in Tampa can initially seem challenging. In a nutshell, every person who needs more affordable auto insurance will most likely be able to reduce their rates. Although Florida vehicle owners can benefit by having an understanding of how big insurance companies calculate their prices because it varies considerably.

Rates and data analysis

The premium information below covers a range of prices for Volkswagen Touareg models. Understanding how policy premiums are calculated is important to be able to make informed coverage decisions.

Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Information does not factor in your specific Tampa location which can revise insurance rates greatly.

Deductible comparison

One of the hardest decisions when shopping for auto insurance is which deductible level should you buy. The premium rates below help summarize the rate difference when you choose different deductibles. The first set of rates uses a $250 deductible and the second price chart uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Premium costs do not factor in specific zip code location which can affect price quotes greatly.

Based on this data, using a $250 deductible will cost in the ballpark of $37 more each month or $444 each year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average more than 20 months between claims, you would save more money going with the higher deductible.

The example below highlights how deductible selection and can increase or decrease Volkswagen Touareg insurance rates for different categories of driver ages. The price estimates are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.

Age-based auto insurance rates by gender in Tampa

The illustration below illustrates the comparison of Volkswagen Touareg insurance costs for male and female drivers. The rates are based on no driving violations, no at-fault accidents, full physical damage coverage, $100 deductibles, single status, and no other discounts are factored in.

Should you buy full coverage?

The diagram below shows the comparison of Volkswagen Touareg yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes a clean driving record, no claims, $100 deductibles, drivers are not married, and no discounts are factored in.

When to drop comp and collision

There is no written rule of when to phase out physical damage coverage, but there is a general convention. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s say your Volkswagen Touareg replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If you are paying in excess of $300 a year for full coverage, then you might consider buying liability only.

There are a few cases where eliminating full coverage is not financially feasible. If you still have a loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage.

Lower-cost Tampa car insurance quotes with discounts

Not too many consumers would say car insurance is affordable, but companies offer discounts to help bring down the price. Certain discounts will be triggered automatically at the time you complete a quote, but a few must be inquired about prior to receiving the credit.

• Employee of Federal Government – Having worked for a branch of the government may qualify for a discount when you quote Tampa car insurance with certain companies.
• Responsible Driver Discount – Safe drivers may receive a discount up to 45% compared to accident prone drivers.
• Drivers Education – Reduce the cost of insurance for teen drivers by having them successfully complete driver’s ed class if it’s offered in school.
• Telematics Data Discounts – Drivers who elect to allow companies to study where and when they drive by using a telematics device in their vehicle like Drivewise from Allstate or In-Drive from State Farm may see discounts if they have good driving habits.
• Low Miles Discount – Low annual miles could earn discounted premium rates on garaged vehicles.
• Multi-policy Discount – If you can combine your home and auto policy with the same company you could save as much as 10 to 15 percent.
• Distant Student – Older children who attend college more than 100 miles from Tampa and do not have access to a covered vehicle could qualify for this discount.

You should keep in mind that some credits don’t apply to the entire cost. Most only apply to individual premiums such as medical payments or collision. Despite the fact that it seems like having all the discounts means you get insurance for free, you’re out of luck. But any discount will lower the amount you pay for coverage.

The chart below shows the comparison of Volkswagen Touareg auto insurance rates with and without discounts. The price estimates are based on a male driver, no violations or accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-car, multi-policy, safe-driver, and marriage discounts applied.

A list of companies and a partial list of their discounts are detailed below.

• 21st Century offers discounts including theft prevention, automatic seat belts, defensive driver, student driver, and good student.
• State Farm may have discounts that include driver’s education, anti-theft, Steer Clear safe driver discount, student away at school, good driver, accident-free, and safe vehicle.
• AAA may offer discounts for pay-in-full, education and occupation, good driver, anti-theft, multi-car, good student, and multi-policy.
• Liberty Mutual includes discounts for new graduate, teen driver discount, multi-car, preferred payment discount, safety features, and multi-policy.
• Progressive may include discounts for good student, homeowner, multi-policy, online signing, multi-vehicle, and online quote discount.

If you need low cost Tampa car insurance quotes, ask every prospective company what discounts are available to you. Depending on the company, some discounts might not be available to policyholders in every state. To see a list of insurers that offer some of these discounts in Florida, click this link.

Specific coverage details

Understanding the coverages of a car insurance policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Volkswagen Touareg.

Since many Florida drivers have only the minimum liability required by law (10/20/10 in Florida), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for expenses such as prosthetic devices, EMT expenses, dental work, doctor visits and hospital visits. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

Comprehensive coverage – This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from flooding, fire damage, hitting a bird, a broken windshield and theft. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage – This pays for damage to your Touareg from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as colliding with another moving vehicle, sideswiping another vehicle and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible on your Touareg in order to get cheaper collision rates.

Liability car insurance – Liability coverage protects you from damages or injuries you inflict on other’s property or people that is your fault. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 10/20/10 which stand for $10,000 bodily injury coverage, a limit of $20,000 in injury protection per accident, and a limit of $10,000 paid for damaged property.

Liability coverage pays for claims like bail bonds, structural damage, repair bills for other people’s vehicles and loss of income. How much coverage you buy is a personal decision, but buy as high a limit as you can afford. Florida requires drivers to carry at least 10/20/10 but you should think about purchasing better liability coverage.

The illustration below shows why buying low liability limits may not be adequate coverage.

Florida auto insurance companies ranked

Ending up with a good quality company can be difficult considering how many different companies sell coverage in Florida. The company ratings in the lists below may help you select which companies you want to consider comparing rates from.

Top 10 Tampa Car Insurance Companies Ranked by Value

1. Mercury Insurance
2. Travelers
3. American Family
4. AAA Insurance
5. Safeco Insurance
6. Progressive
7. The Hartford
8. The General
9. 21st Century
10. Esurance

Top 10 Tampa Car Insurance Companies Ranked by Customer Service

1. USAA
2. Travelers
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Safeco Insurance
7. Progressive
8. State Farm
9. The Hartford
10. The General

Quote more and you will save more

Insureds who switch companies do it for many reasons like poor customer service, high prices, delays in paying claims or even questionable increases in premium. It doesn’t matter why you want to switch finding the right insurance provider can be less work than you think.

More affordable insurance in Tampa is attainable from both online companies in addition to local insurance agencies, and you should compare rates from both so you have a total pricing picture. Some insurance companies do not offer rates over the internet and these small insurance companies sell through independent agents.

We’ve covered some good ideas how you can find cheaper Volkswagen Touareg insurance in Tampa. It’s most important to understand that the more price quotes you have, the higher your chance of finding inexpensive Tampa car insurance quotes. Consumers may even find the lowest priced insurance comes from the least-expected company.

To read more, feel free to browse these articles:

• Safety Features for Your New Car (State Farm)
• Who Has Affordable Tampa Auto Insurance Rates for Teenagers? (FAQ)
• How Much are Tampa Car Insurance Quotes for Used Cars? (FAQ)
• What Insurance is Cheapest for High Mileage Drivers in Tampa? (FAQ)
• How Much is Car Insurance for Felons in Tampa? (FAQ)
• Auto Insurance for Teen Drivers (Insurance Information Institute)
• Teen Driving Statistics (GEICO)