How to Compare Phoenix Volkswagen Touareg Insurance

No sane person fancies paying their premiums for auto insurance, in particular when they could find better rates elsewhere.

A recent auto insurance study revealed that the vast majority of consumers renewed their policy with the same company for well over three years, and virtually 40% of consumers have never compared rates with other companies. American drivers could save an average of about $850 each year just by getting comparison quotes, but they don’t know the amount of savings they would get if they replace their high priced policy. Due to the increasing number of different company options, it is hard for the average consumer to pick the cheapest auto insurance company.

Cheap companies for Volkswagen Touareg insurance in Arizona

The companies shown below provide free quotes in Phoenix, AZ. If several companies are displayed, it’s a good idea that you visit two to three different companies in order to get a fair rate comparison.

Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rate quotes do not factor in specific location information which can influence coverage rates greatly.

Choosing deductibles

One of the hardest decisions when shopping for auto insurance is how high should the physical damage coverage deductibles be. The premium rates below show the differences in price when you buy lower versus higher policy deductibles. The first rate comparisons uses a $100 physical damage coverage deductible and the second price chart uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rates do not factor in specific location information which can modify premiums noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible could cost the average driver approximately $27 more each month or $324 annually than requesting the higher $500 deductible. Due to the fact that you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you normally average more than 15 months between claim filings, you would most likely save money going with the higher deductible.

Cost comparison with and without full coverage

The illustration below illustrates the comparison of Volkswagen Touareg auto insurance costs with full physical damage coverage compared to only buying liability only. The data assumes no driving violations, no at-fault accidents, $250 deductibles, married female driver, and no discounts are taken into consideration.

When to stop buying comprehensive and collision coverage

There is no definitive guideline that is best for determining when to drop full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than about 10% of replacement cost minus your deductible, then it might be time to buy liability only.

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

There are some situations where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Insurance rate increases from tickets or accidents

The information below highlights how speeding tickets and at-fault fender-benders drive up Volkswagen Touareg annual premium costs for different age groups of insureds. The price estimates are based on a married female driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.

Discounts can help lower premiums on Volkswagen Touareg insurance in Phoenix

Insuring your fleet can be pricey, but there could be significant discounts that could drop your premiums quite a bit. Certain discounts will be triggered automatically when you get a quote, but a few must be inquired about prior to getting the savings.

• Save with More Vehicles Insured – Buying insurance for primary and secondary vehicles on a single policy may reduce the rate for each vehicle.
• Early Switch Discount – Some companies provide a discount for buying a new policy before your current coverage expires. Ten percent is about the average savings.
• Driver Education Discount – Require your teen driver to successfully complete driver’s ed class if it’s offered in school.
• Accident Forgiveness Coverage – Not a discount per se, but a handful of insurance companies will turn a blind eye to one accident before hitting you with a surcharge if you are claim-free for a set time period.
• Low Mileage Discounts – Keeping the miles down on your Volkswagen may enable drivers to earn lower prices on the low mileage vehicles.

A little disclaimer on discounts, most credits do not apply to all coverage premiums. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like adding up those discounts means a free policy, you’re out of luck.

Popular insurance companies and their offered discounts are shown below.

• Farm Bureau offers premium reductions for 55 and retired, multi-vehicle, good student, renewal discount, and driver training.
• Liberty Mutual has savings for new vehicle discount, multi-policy, teen driver discount, exclusive group savings, and newly married.
• State Farm discounts include driver’s education, safe vehicle, accident-free, multiple policy, and multiple autos.
• Auto-Owners Insurance offers discounts for teen driver, anti-theft, company car, safe driver, safe vehicle, and paperless.
• GEICO policyholders can earn discounts including military active duty, daytime running lights, emergency military deployment, federal employee, and multi-vehicle.
• SAFECO may offer discounts for anti-lock brakes, multi-car, teen safety rewards, anti-theft, teen safe driver, safe driver, and homeowner.

Before purchasing a policy, check with each insurance company which credits you are entitled to. All car insurance discounts might not be available to policyholders in every state. To view insurance companies who offer discounts in Phoenix, click here.

Don’t I need to have guidance from a local insurance agent?

Some people prefer to talk to a local agent and we recommend doing that Good agents will help you protect your assets and help you file claims. One of the best bonuses of comparing insurance prices online is that drivers can save money and get cheap rate quotes and still have an agent to talk to. And supporting neighborhood insurance agencies is definitely important in Phoenix.

Upon completion of this form (opens in new window), your insurance data is transmitted to local insurance agents who will gladly provide quotes for your business. You won’t even need to find an agent since rate quotes are delivered directly to you. If you need to get a rate quote from a specific insurance company, feel free to navigate to their website and give them your coverage information.

Pick the best auto insurance agent in Phoenix for you

If you want to use a local insurance agency, it’s important to understand the types of agencies and how they differ in how they quote coverages. Insurance agencies in Phoenix are considered either independent or exclusive. Both types of agents can write insurance policies, but it is a good idea to know the subtle differences since it can impact the selection process.

Independent Insurance Agencies

Independent insurance agents are not required to write business for one company and that enables them to quote your coverage with lots of companies and get you the best rates possible. If you are not satisfied with one company, the agent simply finds a different carrier which makes it simple for you. When comparing rates, it’s a good idea to check rates from multiple independent agents for the best price selection.

Shown below is a partial list of independent insurance agencies in Phoenix that may be able to give competitive price quotes.

View more Phoenix agents

Exclusive Insurance Agencies

Agents that choose to be exclusive have only one company to place business with like Allstate, Farmers Insurance, State Farm, and AAA. They are unable to place coverage with different providers so it’s a take it or leave it situation. Exclusive agents receive a lot of sales training on what they offer and that allows them to sell at a higher price point.

Below is a short list of exclusive agencies in Phoenix who can help you get price quotes.

View more Phoenix agents

Finding a good car insurance agent is decision based upon more than just the bottom line cost. A good agent in Phoenix will have answers to these questions.

• Is the quote a firm price?
• Are they actively involved in the community?
• Are they involved in claim handling?
• Which members of your family are coverage by the policy?
• What will you get paid if your car is a total loss? How is that amount determined?

How much can you save?

Throughout this article, we presented some good ideas how you can compare Volkswagen Touareg insurance premium rates in Phoenix. The most important thing to understand is the more quotes you get, the better your comparison will be. You may even be surprised to find that the lowest premium rates come from some of the lesser-known companies. Regional companies often have lower prices on specific markets compared to the large companies like GEICO and State Farm.

The cheapest Volkswagen Touareg insurance in Phoenix is possible from both online companies and with local Phoenix insurance agents, and you should be comparing both to have the best selection. Some insurance providers do not provide online price quotes and these smaller providers provide coverage only through local independent agencies.

Additional detailed information is located in the articles below:

• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• Who Has Affordable Auto Insurance for 18 Year Olds in Phoenix? (FAQ)
• Your Car has been Stolen: Now What? (Allstate)
• Drunk Driving Statistics (Insurance Information Institute)
• Property Damage Coverage (Liberty Mutual)
• Teen Driver Statistics (Insurance Information Institute)