Best Ways to Save on Madison Volkswagen Golf Insurance

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Everyone knows that car insurance companies don't want you to look at other companies. Consumers who shop around at least once a year will presumably buy a new policy because there are good odds of finding a more affordable policy premium. A study showed that consumers who made a habit of comparing rate quotes saved on average $865 annually as compared to drivers who don't regularly compare prices.

If finding the most affordable Volkswagen Golf insurance is your ultimate target, then knowing how to get rate quotes and compare insurance can help you succeed in saving money.

Discount Volkswagen Golf insuranceIt takes a little time, but the best way to get low-cost Volkswagen Golf insurance in Madison is to regularly compare price quotes from different companies who provide car insurance in Wisconsin. You can shop around by following these guidelines.

Step 1: Spend a few minutes and learn about the coverage provided by your policy and the things you can change to prevent rate increases. Many policy risk factors that result in higher rates like traffic violations, accidents, and a less-than-favorable credit score can be eliminated by being financially responsible and driving safely. Continue reading for more details to keep prices down and find overlooked discounts.

Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from a single company like GEICO and Allstate, while independent agents can provide prices from multiple insurance companies.

Step 3: Compare the new quotes to your existing policy to determine if switching companies saves money. If you find better rates and buy the policy, ensure there is no coverage lapse between policies.

Step 4: Notify your current company of your decision to cancel the current policy and submit a down payment and signed policy application for the new policy. As soon as you can, place your new certificate verifying proof of insurance in an easily accessible location in your vehicle.

The most important part of shopping around is to try to compare the same level of coverage on each price quote and to quote with as many car insurance companies as possible. Doing this guarantees an accurate price comparison and maximum price selection.

Obtaining price quotes for the lowest cost protection in Madison is actually quite simple. Practically every driver who shops for insurance will more than likely be able to find better rates. But Wisconsin car owners must comprehend how big insurance companies determine how much to charge because rates are impacted by many factors.

First Step: Get free Volkswagen Golf insurance quotes

Most of the larger companies like Allstate, GEICO and Progressive make it easy to get coverage prices directly from their websites. The process is pretty easy because you just enter your coverage information as detailed in the form. After you submit the form the system obtains your driving and credit reports and quotes a price. The ability to get online rates for Volkswagen Golf insurance in Madison helps simplify price comparisons, and it's very important to get many rate quotes if you are searching for the cheapest price possible.

To compare pricing, check out the car insurance providers below. To compare your current rates, we recommend you replicate the coverages identical to your current policy. This ensures you will receive comparison quotes based on similar coverages.

The companies shown below can provide comparison quotes in Wisconsin. If you wish to find cheap auto insurance in Madison, WI, we recommend you get prices from several of them to find the most affordable auto insurance rates.

Volkswagen Golf coverage statistics

The premium information displayed next showcases a range of coverage prices for Volkswagen Golf models. Understanding how insurance policy premiums are calculated is important for drivers to make decisions on the best policy to buy.

Volkswagen Golf Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Golf 2.5 2-Dr Hatchback $220 $518 $310 $18 $92 $1,158 $97
Golf 2.5 4-Dr Hatchback $248 $518 $310 $18 $92 $1,186 $99
Golf 2.0T Turbo Diesel 2-Dr Hatchback $248 $596 $310 $18 $92 $1,264 $105
Golf 2.0T Turbo Diesel 4-Dr Hatchback $248 $518 $310 $18 $92 $1,186 $99
Get Your Own Custom Quote Go

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Prices do not factor in vehicle location which can alter coverage prices noticeably.

Higher deductibles lower rates

When shopping for auto insurance, a common question is where should you set your physical damage deductibles. The rates below may help you to understand the differences in price between low and high policy deductibles. The first data set uses a $250 physical damage deductible and the second price table uses a $1,000 deductible.

Volkswagen Golf insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Golf 2.5 2-Dr Hatchback $178 $352 $230 $14 $68 $867 $72
Golf 2.5 4-Dr Hatchback $200 $352 $230 $14 $68 $889 $74
Golf 2.0T Turbo Diesel 2-Dr Hatchback $200 $406 $230 $14 $68 $943 $79
Golf 2.0T Turbo Diesel 4-Dr Hatchback $200 $352 $230 $14 $68 $889 $74
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Volkswagen Golf insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Golf 2.5 2-Dr Hatchback $110 $222 $230 $14 $68 $644 $54
Golf 2.5 4-Dr Hatchback $124 $222 $230 $14 $68 $658 $55
Golf 2.0T Turbo Diesel 2-Dr Hatchback $124 $256 $230 $14 $68 $692 $58
Golf 2.0T Turbo Diesel 4-Dr Hatchback $124 $222 $230 $14 $68 $658 $55
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Information does not factor in specific Madison garaging location which can lower or raise premiums noticeably.

We can estimate from the data above that using a $250 deductible will cost you approximately $19 more each month or $228 each year across all Volkswagen Golf models than requesting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 39 months between claims, you would save money if you choose a higher deductible.

How to calculate deductible break even period

Average monthly premium for $250 deductibles: $75
Average monthly premium for $1,000 deductibles (subtract): - $56
Monthly savings from raising deductible: $19
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 39 months

One thing to note is that a higher deductible means you will have to pay more when you have a claim. That will require some savings in the bank in the event you need to pay the higher deductible in order to repair your vehicle.

The chart below illustrates how choosing a deductible and can raise or lower Volkswagen Golf insurance costs for different age groups of insureds. The rate quotes are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Why you need quality insurance for your vehicle

Despite the high insurance cost for a Volkswagen Golf in Madison, insuring your vehicle may not be optional for several reasons.

  • Most states have mandatory liability insurance requirements which means state laws require a specific minimum amount of liability protection in order to license the vehicle. 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 loan on your vehicle, more than likely the lender will force you to buy full coverage to guarantee loan repayment. If you default on your policy, the lender will be forced to insure your Volkswagen at a more expensive rate and require you to fork over for the much more expensive policy.
  • Insurance protects your Volkswagen and your assets. It will also reimburse you for all forms of medical expenses incurred in an accident. Liability coverage will also pay to defend you if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car are definitely more than the cost, especially for larger claims. But the average American driver is overpaying more than $800 each year so compare rate quotes at every policy renewal to be sure current rates are still competitive.

Why Your Insurance Prices might be higher

Many things are part of the equation when you quote your car insurance policy. A few of the factors are predictable such as traffic violations, but some are not quite as obvious like your continuous coverage or how safe your car is.

Use but don't abuse your insurance - Car insurance companies in Wisconsin award lower rates to people who do not rely on their insurance for small claims. If you file a lot of claims you can expect either a policy non-renewal or much higher rates. Your insurance policy is intended to be relied upon for major claims that would cause financial hardship.

Pay more for higher performance vehicles - The performance of the vehicle you drive makes a huge difference in your premium level. The lowest rates are generally reserved for the lowest performance passenger vehicles, but that's not the only thing that factors into the final price.

The following chart uses these variables: single male driver age 40, full coverage with $250 deductibles, and no discounts or violations. The data compares Volkswagen Golf policy rates compared to other makes and models that have different performance risks.

Policy add-ons can waste money - There are a ton of extra coverages that may not really be needed on your Golf policy. Coverages like rental car coverage, accidental death, and extra equipment coverage are examples of these. They may sound like good ideas when deciding what coverages you need, but your money might be better spent on other coverage so eliminate them to save money.

Safety ratings are a factor - Safer cars tend to have lower insurance rates. Highly rated vehicles result in less severe injuries and reduced instances of injuries means less money paid by your insurance company and more competitive rates for policyholders. If the Volkswagen Golf is rated at least an "acceptable" rating on the Insurance Institute for Highway Safety website it may cost less to insure.

Lower rates with a multi-policy discount - Most major insurance companies allow a discount to insureds who consolidate policies with them such as combining an auto and homeowners policy. Discounts can amount to ten or even fifteen percent. If you currently are using one company, you still need to comparison shop to confirm you are receiving the best rates possible.

Miles driven impacts prices - The higher the mileage driven annually the higher your rate. Most insurance companies charge to insure your cars partially by how you use the vehicle. Cars and trucks used primarily for pleasure use can get a lower rate than cars that get driven a lot. It's a smart idea to ensure your policy is showing the correct driver usage, because it can save money. A policy that improperly rates your Golf is just wasting money.

Insurance losses for a Volkswagen Golf - Companies take into consideration historical loss data for every vehicle when they calculate premium rates for each model. Vehicles that the statistics show to have increased claim numbers or amounts will have higher premium rates. The data below shows the compiled insurance loss statistics for Volkswagen Golf vehicles.

For each type of coverage, the claim amount for all vehicles as a whole is represented as 100. Numbers below 100 suggest a positive loss record, while values over 100 indicate more frequent claims or a tendency for claims to be larger.

Auto Insurance Loss Data for Volkswagen Golf Models
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volkswagen Golf 109 97
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Your car insurance coverage should be tailored to you

Always keep in mind that when comparing adequate coverage, there isn't really a "perfect" insurance plan. Everyone's situation is unique so this has to be addressed.Higher deductibles save money Here are some questions about coverages that might point out if you could use an agent's help.

  • Is pet coverage available?
  • What is medical payments coverage?
  • Who does medical payments coverage extend to?
  • Am I covered if I break a side mirror?
  • What companies insure drivers after a DUI or DWI?
  • Can my teen drive my company car?
  • I have a DUI can I still get coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • What are the financial responsibility laws in my state?
  • Is upholstery damage covered by car insurance?

If it's difficult to answer those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.

The best rates come from being thorough

Throughout this article, we presented some good ideas how to compare Volkswagen Golf insurance prices in Madison. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may even discover the lowest prices come from a lesser-known regional company. Some small companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm and Allstate.

Budget-friendly insurance in Madison can be sourced on the web and from local insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. A few companies may not offer rates over the internet and these smaller companies prefer to sell through local independent agencies.

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