The best way to quote cheaper Volkswagen Passat insurance is to compare prices once a year from insurance carriers who can sell car insurance in Madison.
- Step 1: Try to learn a little about the different coverages in a policy and the measures you can take to keep rates in check. Many rating factors that result in higher prices such as at-fault accidents and your credit history can be remedied by making minor changes to your lifestyle.
- Step 2: Request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like Progressive and State Farm, while agents who are independent can provide prices for a wide range of insurance providers.
- Step 3: Compare the new quotes to your current policy premium and see if you can save money. If you can save some money, make sure there is no lapse in coverage.
- Step 4: Provide notification to your current agent or company of your decision to cancel the current policy and submit payment along with a signed and completed policy application for your new coverage. Once the application is submitted, put the new certificate of insurance in a readily accessible location in your vehicle.
A tip to remember is to make sure you enter identical deductibles and limits on every quote and and to get rate quotes from as many companies as you can. Doing this enables a level playing field and plenty of rates choose from.
Smart shoppers know that car insurance companies don’t want you to look for a cheaper policy. Insureds who get comparison quotes once a year will, in all likelihood, move their business because of the high probability of finding better rates. A recent insurance study revealed that consumers who routinely compared quotes saved on average $72 a month compared to those who never compared prices.
If finding the best rates on auto insurance is your ultimate goal, then knowing the best ways to find and compare insurance coverage can make the process more efficient.
If you already have coverage or are looking for a new policy, use these techniques to cut your premiums without reducing coverage. Locating the best rates in Madison can be made easier if you know where to look. Smart shoppers just have to learn the most efficient way to shop their coverage around online from multiple companies.
Finding a better price on car insurance is surprisingly easy. You just have to take time comparing free Madison car insurance quotes from some recommended companies.
It’s so simple to compare car insurance rates online replaces the need to drive around to all the different insurance agencies. Comparing Volkswagen Passat insurance rate quotes online eliminates this option unless you require the guidance that can only be provided by a licensed insurance agent. Drivers can comparison shop online and have a local agent actually service the policy.
The companies shown below are our best choices to provide quotes in Madison, WI. If you want to find the cheapest auto insurance in Madison, WI, we recommend you compare several of them to find the most competitive auto insurance rates.
Insurance just makes sense
Even though it can be expensive, insuring your vehicle serves several important purposes.
- Almost all states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability coverage in order to be legal. In Wisconsin 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 have a lien on your Volkswagen Passat, most lenders will make it a condition of the loan that you have physical damage coverage to guarantee loan repayment. If you default on your policy, the lender may have to buy a policy to insure your Volkswagen at a significantly higher premium and force you to pay for the much more expensive policy.
- Insurance preserves both your vehicle and your assets. It will also pay for hospital and medical expenses for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, your insurance policy will pay to repair the damage.
The benefits of carrying adequate insurance definitely exceed the cost, particularly if you ever have a claim. But the average driver in Wisconsin is currently overpaying as much as $700 annually so you should quote rates every year to ensure rates are competitive.
Volkswagen Passat insurance rates and statistics
The information shown next covers estimates of prices for Volkswagen Passat models. Understanding how insurance policy premiums are figured can help you make smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Passat Komfort Station Wagon | $156 | $322 | $254 | $16 | $76 | $824 | $69 |
| Passat Komfort 4-Dr Sedan | $156 | $322 | $298 | $18 | $90 | $884 | $74 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price estimates do not factor in garaging location in Madison which can revise price quotes substantially.
The illustration below shows how choosing a deductible and can increase or decrease Volkswagen Passat insurance prices for each different age group. The premiums assume a single female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
Do you need full coverage?
The information below visualizes the comparison of Volkswagen Passat auto insurance rates with full coverage and liability only. The price estimates are based on no violations or claims, $250 deductibles, single marital status, and no other discounts are factored in.
Should you pay for full coverage or liability only?
There is no set guideline for excluding comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Volkswagen Passat settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $4,000 after paying your policy deductible. If it’s costing in excess of $400 a year to have full coverage, then you may want to consider only buying liability coverage.
There are some cases where dropping physical damage coverage is not advised. If you haven’t satisfied your loan, you have to maintain full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage on your policy.
You may qualify for discounts for Volkswagen Passat insurance in Madison
Not many people think insurance is cheap, but you may be missing some discounts that many people don’t even know exist. Certain discounts will be applied when you get a quote, but lesser-known reductions have to be requested specifically prior to getting the savings. If you check and find you aren’t receiving every discount you qualify for, you are not getting the best rate possible.
- Discounts for New Vehicles – Insuring a new Passat may earn a small discount because new vehicles keep occupants safer.
- Theft Prevention System – Cars, trucks, and SUVs optioned with advanced anti-theft systems are stolen with less frequency and therefore earn up to a 10% discount.
- Government Employees – Having worked for a branch of the government could provide a small rate reduction depending on your company.
- Sign Early and Save – A few companies give discounts for switching companies prior to your current Passat insurance policy expiration. You may see this discount when you get Madison car insurance quotes online.
- No Accidents – Drivers who don’t have accidents get the best auto insurance rates as compared to accident-prone drivers.
- Driver’s Education for Students – Require your teen driver to complete a driver education course in school.
- Bundled Policy Discount – If you insure your home and vehicles with one insurance company you will save as much as 10 to 15 percent.
- Military Rewards – Being on active duty in the military could qualify you for better prices.
Don’t be shocked that most discount credits are not given to the overall cost of the policy. Some only apply to individual premiums such as medical payments or collision. Even though the math looks like you can get free auto insurance, you’re out of luck.
The illustration below compares Volkswagen Passat auto insurance rates with and without some available policy discounts. The costs are based on a male driver, a clean driving record, no at-fault accidents, Wisconsin state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, claim-free, homeowner, marriage, and multi-car discounts applied.
Car insurance companies who might offer these money-saving discounts include:
If you need low cost Madison car insurance quotes, ask every prospective company to give you their best rates. Depending on the company, some discounts may not apply to policies everywhere. For a list of insurance companies with the best discounts in Madison, follow this link.