Everyone knows that insurance companies don’t want policyholders to compare prices from other companies. People who perform rate comparisons are highly likely to buy a different policy because they have a good chance of finding a lower-priced policy. A study showed that people who shopped around saved about $3,450 over four years compared to other drivers who don’t regularly compare prices.
If finding the cheapest rates on Volkswagen Touareg insurance in Mesa is your objective, understanding the best way to compare cheaper coverage can help simplify the process.
The recommended way to get cheaper auto insurance rates in Mesa is to start comparing rates regularly from different companies who can sell car insurance in Arizona. You can compare prices by completing these steps.
First, spend some time learning about how companies set rates and the modifications you can make to prevent expensive coverage. Many risk factors that result in higher prices like speeding tickets, accidents and an unacceptable credit score can be rectified by making minor driving habit or lifestyle changes. Read the full article for additional tips to help prevent expensive coverage and get bigger discounts.
Second, quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from one company like GEICO or Allstate, while independent agencies can provide rate quotes from multiple sources.
Third, compare the new rate quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find better rates and change companies, make sure coverage does not lapse between policies.
Fourth, tell your current agent or company of your intention to cancel your current auto insurance policy and submit the application along with any required down payment for the new policy. When you receive it, put the new certificate verifying coverage in your glove compartment.
One thing to remember is to try to compare similar coverage information on every quote and and to get price estimates from as many companies as possible. This enables a fair rate comparison and and a good selection of different prices.
The companies shown below can provide quotes in Arizona. If you want to find the best car insurance in AZ, we recommend you visit two to three different companies to find the lowest auto insurance rates.
Volkswagen Touareg insurance charts and tables
The data table displayed below showcases different insurance coverage prices for Volkswagen Touareg models. Being more informed about how auto insurance policy rates are determined can be of help when making smart choices when comparing insurance quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Touareg 3 Turbo Diesel AWD 4-Dr||$332||$530||$392||$24||$118||$1,396||$116|
|Touareg 3.6 AWD 4-Dr||$332||$530||$392||$24||$118||$1,396||$116|
|Get Your Own Custom Quote Go|
Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Prices do not factor in specific location which can increase or decrease prices significantly.
Cost of full coverage
The example below shows the comparison of Volkswagen Touareg insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Arizona. The costs are based on no accidents or driving violations, $250 deductibles, single marital status, and no discounts are taken into consideration.
When to eliminate full coverage
There is no definitive rule that is best for determining when to drop physical damage insurance, but there is a guideline you can consider. If the annual cost of coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s pretend your Volkswagen Touareg claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,000 after paying your deductible. If premium cost is more than $500 annually for physical damage coverage, then it may be the right time to buy liability only.
There are some scenarios where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage in order to keep the loan. 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 in place.
Get Volkswagen Touareg Insurance at a Discount
Many factors are part of the equation when you quote your car insurance policy. Most are fairly basic like your driving record, but other criteria are more obscure like your vehicle usage or your commute time. Consumers need to have an understanding of the rating factors that help calculate your policy premiums. When you understand what controls the rates you pay, this helps enable you to make changes that could result in lower rates.
Better drivers pay less – Your driving citation history influences premium rates substantially. Drivers who don’t get tickets get better prices as compared to those with violations. Even one moving violation may cause rates to rise substantially. Drivers who have received multiple violations like DWI, reckless driving or hit and run convictions may find they need to maintain a SR-22 with their state in order to continue driving.
The example below demonstrates how speeding tickets and at-fault claims increase Volkswagen Touareg auto insurance costs for each different age category. The information is based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.
Fewer miles means better rates – The more you drive your Volkswagen in a year the more you’ll pay to insure your vehicle. Most insurance companies charge rates based upon how much you drive. Cars that sit idle most of the time qualify for better rates than vehicles that have high annual mileage. Having an incorrect usage rating on your Touareg may be wasting your money. Verify your declarations sheet is rated on the right rating data.
Older drivers pay less – More mature drivers are proven to be safer behind the wheel, cost insurance companies less in claims, and receive fewer citations. Teen drivers are proven to get distracted easily when at the wheel of a vehicle therefore insurance rates are much higher.
The following data is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.
Bad credit will cost you – Having a bad credit score is likely to be a major factor in calculating your insurance rates. People that have excellent credit scores tend to file fewer claims and have better driving records than drivers with lower credit scores. If your credit score can be improved, you could save money insuring your Volkswagen Touareg by improving your credit score.
Tough job may mean higher rates – Jobs like doctors, police officers, and miners generally pay higher rates than the rest of us attributed to intense work situations and lots of time spent away from family. On the flip side, jobs like scientists, engineers and retirees pay the least.
Volkswagen Touareg claim data – Companies factor in historical loss data when setting premium prices. Vehicles that statistically have higher claim amounts or frequency will have a higher premium rate. The data below shows the loss history for Volkswagen Touareg vehicles.
For each coverage category, the claim amount for all vehicles, without regard to make or model, equals 100. Percentages below 100 represent a good loss history, while percentage values above 100 indicate a higher chance of having a claim or a tendency for claims to be larger.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Volkswagen Touareg 4dr 4WD||131||115||133||56||65||87|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Three reasons insurance is important
Despite the fact that insurance is not cheap in Mesa, insurance may be required and benefits you in several ways.
- The majority of states have mandatory liability insurance requirements which means you are required to carry specific minimum amounts of liability if you don’t want to risk a ticket. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your Touareg with a loan, almost every bank will require that you have physical damage coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank may buy a policy for your Volkswagen at a more expensive rate and force you to reimburse them the higher premium.
- Insurance protects both your assets and your Volkswagen. It will also cover medical transport and hospital expenses incurred in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If your Volkswagen gets damaged, your insurance policy will pay to restore your vehicle to like-new condition.
The benefits of having insurance more than cancel out the cost, especially for larger claims. An average driver in America is overpaying more than $810 a year so you should quote rates at least once a year to ensure rates are inline.
How to find a good Arizona auto insurance company
Selecting a highly-rated car insurance provider is difficult considering how many companies there are to choose from in Arizona. The rank data in the lists below may help you pick which car insurance providers you want to consider buying from.
Top 10 Mesa Car Insurance Companies by A.M. Best Rank
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Progressive – A+
- Titan Insurance – A+
Top 10 Mesa Car Insurance Companies Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- Nationwide – 90%
- The Hartford – 89%
- GEICO – 89%
- The General – 88%
- 21st Century – 88%
- Liberty Mutual – 88%