2006 Volkswagen Phaeton Insurance Rates

Trying to find lower insurance rates for your Volkswagen Phaeton? Did you make the mistake of buying high-priced insurance? Believe me when I say there are many consumers feeling the pinch from expensive insurance.

Big-name insurance companies like State Farm, Farmers Insurance, Geico and Allstate increase brand awareness with TV and radio ads and consumers find it hard to see through the cute green geckos and mayhem and take the time to shop coverage around.

Low cost insurance price quotes online

Most of the larger companies like State Farm, Geico and Progressive give price estimates direct online. Getting prices online is fairly straightforward as you just enter your required coverages on the page. Once entered, their rating system sends out for your credit score and driving record and provides a quote based on the information you submitted. Quoting online makes it easy to compare insurance prices but having to visit different websites and complete many quote forms can be a bit tiresome and repetitive. But it’s absolutely necessary to compare as many rates as possible if you are searching for the lowest insurance rates.

The smarter way to find lower prices makes use of a single form that gets price quotes from several companies at one time. It’s a real time-saver, requires much less work on your part, and makes online quotes much easier. Immediately after submitting the form, it gets priced and you can choose any one of the resulting price quotes. If a lower price is quoted, it’s easy to complete the application and buy the policy. It takes less than 15 minutes and you’ll know if lower rates are available.

In order to find out what other companies charge, click here to open in new window and complete the simple form. If you have coverage now, it’s recommended that you enter the insurance coverages as shown on your current policy. This guarantees you will receive a fair comparison using the same coverage and limits.

Auto insurance companies offer many types of discounts

Auto insurance can be pricey, but there may be some discounts that you may not know about. Many of these discounts will be applied automatically when you purchase, but less common discounts must be requested specifically in order for you to get them. If you are not receiving all the discounts you deserve, you’re just leaving money on the table.

• Pay Now and Pay Less – If you pay your bill all at once rather than paying in monthly installments you can avoid monthly service charges.
• New Vehicle Savings – Putting insurance coverage on a new car can save you some money due to better safety requirements for new model year vehicles.
• Theft Deterent Discount – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems can help prevent theft and will qualify for a discount on a insurance quote.
• Discount for Life Insurance – If the company offers life insurance, you could get a small discount if you purchase life insurance.
• Anti-lock Brakes – Cars that have anti-lock braking systems can avoid accidents and will save you 10% or more.
• Discount for Swiching Early – Select companies give a discount for switching to them prior to the expiration date on your current policy. This can save 10% or more.
• Discount for Multiple Policies – If you can combine your auto and home policy with one company you could save nearly 15% which can help you find cheaper insurance.

Please keep in mind that many deductions do not apply the the whole policy. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears adding up those discounts means a free policy, you won’t be that lucky. Any amount of discount should help lower your policy premiums.

A list of auto insurance companies and some of the discounts are outlined below.

• Farmers Insurance offers discounts for switch companies, multi-car, distant student, youthful driver, mature driver, early shopping, and electronic funds transfer.
• Esurance may offer discounts for online quote, multi-car, paid-in-full, online shopper, and Switch & Save.
• State Farm may include discounts for Drive Safe & Save, safe vehicle, defensive driving training, good student, driver’s education, multiple autos, and Steer Clear safe driver discount.
• Geico offers premium reductions for good student, five-year accident-free, federal employee, driver training, multi-policy, and daytime running lights.
• Allstate includes discounts for EZ pay plan discount, anti-lock brakes, premier plus, farm vehicle, utility vehicle, eSmart discount, and good payer.

It’s a good idea to ask each insurance company to give you their best rates. Some discounts may not be available in your area. For a list of insurers that have a full spectrum of discounts, follow this link.

Do I just need basic coverages?

When it comes to buying the right insurance coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. These are some specific questions might point out if your situation will benefit from professional help.

• What happens if I owe more than my 2006 Volkswagen Phaeton is worth?
• Should I drop comprehensive coverage on older vehicles?
• How can I get high-risk coverage after a DUI?
• What is PIP insurance?
• How do I file an SR-22 for a DUI in my state?
• Is my custom paint covered by insurance?
• How high should my medical payments coverage be?
• Am I covered when driving in Canada or Mexico?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Insurance price influencing factors

Many factors are used in the calculation when pricing auto insurance. Some factors are common sense like your driving record, but other criteria are less apparent like your continuous coverage or your financial responsibility.

• Big cities mean more claims – Being located in less populated areas has it’s advantages when it comes to insurance coverage. Fewer drivers means fewer accidents in addition to lower liability claims Urban drivers tend to have more road rage incidents and more time behind the wheel. Spending more time driving statistically corresponds to a higher accident and claim rate.
• Never let your coverage expire – Allowing your coverage to lapse is a guaranteed way to trigger a rate increase. And not only will your rates increase, failure to provide proof of insurance could earn you fines or a revoked license.
• Being married brings a discount – Being married actually saves money when buying insurance coverage. It means you’re more financially stable and insurance companies reward insureds because married couples file fewer claims.
• Stay claim-free and reduce prices – Auto insurance companies give most affordable rates to people who are claim-free. If you file claims often, you can expect higher rates. Insurance coverage is designed for major claims that would cause financial hardship.
• Gender and auto insurance premiums – The statistics show that men are more aggressive behind the wheel. It does not mean women are better drivers. Males and females have fender benders in similar percentages, but the men cause more damage. They also have more aggressive citations like reckless driving and DUI. Young men ages 16 to 20 are most likely to cause an accident and thus pay the highest rates.
• Low deductibles mean high costs – Coverage for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your vehicle. Some examples of covered claims would be a broken side mirror, vandalism, and damage caused by flying debris. Physical damage deductibles define the amount the insured will be required to pay in the event of a claim. The more of the claim the insured has to pay upfront, the less your company will charge you for insurance for Phaeton coverage.

Car insurance specifics

Having a good grasp of your car insurance policy aids in choosing the right coverages and proper limits and deductibles. Car insurance terms can be ambiguous and nobody wants to actually read their policy. These are the usual coverages offered by car insurance companies.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Volkswagen Phaeton.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Comprehensive coverages

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as theft, damage from flooding, falling objects, rock chips in glass and hail damage. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like chiropractic care, hospital visits, EMT expenses, pain medications and X-ray expenses. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible

Liability insurance

This coverage protects you from damage that occurs to people or other property. It protects YOU against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for things like repair bills for other people’s vehicles, attorney fees, bail bonds and funeral expenses. How much coverage you buy is your choice, but consider buying as much as you can afford.

Collision coverage protection

Collision insurance covers damage to your Phaeton resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as scraping a guard rail, backing into a parked car, colliding with another moving vehicle and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. You can also increase the deductible to save money on collision insurance.

Smart shoppers get results

We covered a lot of information how to shop for 2006 Volkswagen Phaeton insurance online. The key concept to understand is the more times you quote, the higher your chance of finding cheaper insurance. You may even find the biggest savings come from some of the smallest insurance companies. Smaller companies may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.

Cheaper 2006 Volkswagen Phaeton insurance is available online and from local agencies, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies may not offer online rate quotes and many times these regional insurance providers only sell through local independent agencies.

Additional detailed information is available in the articles below:

• Red Light Cameras (State Farm)
• Prom Night Tips for Teen Drivers (State Farm)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)
• Uninsured Motorist Statistics (Insurance Information Insitute)
• Speed and Speed Limit FAQ (iihs.org)