Affordable Volkswagen Passat Insurance in Tampa

Want to save money and find cheaper Volkswagen Passat insurance in Tampa? Car owners fed up with high insurance rates and are new to shopping for car insurance online are likely to discover purchasing affordable Volkswagen Passat insurance rates in Tampa is very challenging.

Insurance for Volkswagen PassatRegrettably, 70% of consumers have stayed with the same insurance company for at least four years, and 38% of customers have never quoted rates to find cheaper coverage. Tampa drivers can cut their rates by approximately 55% a year by just shopping around, but they assume it’s a waste of time to find cheaper car insurance rates.

It is always a good idea to compare rates on a regular basis since rates tend to go up over time. Even if you think you had the best rate on Volkswagen Passat insurance in Tampa two years ago you can probably find a better price now. Forget all the misinformation about car insurance because you’re about to find out the tricks you need to know to lower your rates without sacrificing coverage.

When price shopping your coverage, obtaining a wide range of quotes will improve the odds of getting lower pricing.

The companies shown below offer comparison quotes in Florida. To buy cheaper auto insurance in Florida, we recommend you visit several of them in order to find the most competitive rates.

Cheap Tampa auto insurance rates with discounts

Auto insurance is not cheap nor is it fun to buy but you may find discounts that can dramatically reduce your bill. A few discounts will be applied at the time of purchase, but occasionally some discounts must be asked for in order for you to get them. If you don’t get every credit you qualify for, you could be paying more than you need to.Cheaper auto insurance with discounts

We need to note that most of the big mark downs will not be given to the whole policy. Some only apply to individual premiums such as comp or med pay. Even though it may seem like you can get free auto insurance, you’re out of luck.

The information below illustrates the difference between Volkswagen Passat insurance costs with and without discounts applied to the premium. The data is based on a male driver, no driving violations, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, multi-car, safe-driver, claim-free, and marriage discounts applied.

If you would like to view companies with significant discounts in Florida, click here to view.

Volkswagen Passat insurance rates and statistics

The table below covers a range of coverage prices for Volkswagen Passat models. Having a better understanding of how insurance rates are determined is important to be able to make informed decisions when shopping around for a new policy.

Volkswagen Passat Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $176 $342 $340 $20 $102 $980 $82
Passat Komfort 4-Dr Sedan $176 $342 $400 $24 $120 $1,062 $89
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Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Information does not factor in specific location information which can influence prices substantially.

Raise deductibles and save

When buying auto insurance, a common question is the level to set your comp and collision deductibles. The premium rates below can help illustrate the rate fluctuation between low and high comp and collision deductibles. The first price estimate table uses a $100 physical damage deductible and the second rate chart uses a $1,000 deductible.

Volkswagen Passat insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $406 $764 $354 $20 $106 $1,675 $140
Passat Komfort 4-Dr Sedan $406 $764 $418 $24 $124 $1,761 $147
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Volkswagen Passat insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $224 $402 $354 $20 $106 $1,106 $92
Passat Komfort 4-Dr Sedan $224 $402 $418 $24 $124 $1,192 $99
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Price estimates do not factor in specific garaging location which can revise rates noticeably.

Using the data above, we can ascertain that using a $100 deductible costs an average of $48 more each month or $576 each year than choosing the higher $1,000 deductible. Because you would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 19 months between claim filings, you would save more money if you choose a higher deductible.

Should you buy full coverage?

The diagram below shows the comparison of Volkswagen Passat premium costs with liability coverage only compared to full coverage. Data assumes no claims or violations, $250 deductibles, single marital status, and no discounts are applied to the premium.

When to drop full coverage

There is no set guideline for excluding physical damage coverage, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let’s say your Volkswagen Passat replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after paying the physical damage deductible. If you are paying in excess of $300 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where only buying liability is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not buy liability only.

Volkswagen Passat Insurance Rates Can Be Cheaper

Smart consumers have a good feel for some of the factors that come into play when calculating insurance rates. If you have a feel for what influences your rates, this helps enable you to make changes that will entitle you to better insurance rates. Many factors are considered when pricing auto insurance. Some of the criteria are obvious like your driving record, although some other factors are more transparent like where you live or how safe your car is.

Prices and job – Careers like military personnel, business owners, and financial analysts have higher rates than average due to intense work situations and extremely grueling work hours. Conversely, careers like scientists, engineers and retirees pay the least.

Save annual miles and save money – Driving a lot of miles in a year’s time the higher your rates will be. A lot of companies charge to insure your cars based upon how much you drive. Cars that do not get driven very much cost less to insure than vehicles that have high annual mileage. Make sure your vehicle rating states the correct usage. A policy that improperly rates your Passat can cost quite a bit.

Why do you need liability coverage? – A critical coverage on your policy, liability insurance kicks in in the event that you are responsible for damages from an accident. Your policy’s liability insurance provides legal defense which can cost a lot. It is affordable coverage compared to other policy coverages, so drivers should buy more than the minimum limits required by law.

GPS tracking and theft deterrents systems cut prices – Choosing to buy a car that has a built-in theft deterrent system can help lower your premiums. Anti-theft devices like OnStar, LoJack tracking, and tamper alarms can thwart your car from being stolen.

Men pay higher premiums – Statistics have proven that females tend to be a little less risky than males. However, this does not mean men are worse drivers. They both tend to get into at-fault accidents in similar percentages, but the male of the species have costlier accidents. Men also statistically get more serious tickets like DUI and reckless driving. Young males cause the most accidents and therefore have the most expensive insurance rates.

The information below illustrates the comparison of Volkswagen Passat insurance prices for male and female drivers. The premiums assume a clean driving record, no at-fault accidents, full coverage, $100 deductibles, marital status is single, and no additional discounts are factored in.

Insurance claims cost money – Auto insurance companies in Florida provide cheaper rates to insureds who file claims infrequently. If you file claims often, you can pretty much guarantee increased rates or even have your policy non-renewed. Your car insurance is designed for more catastrophic claims.

Insurance loss probability for a Volkswagen Passat – Insurance companies use historical loss data to help determine the rate you pay. Vehicles that have a trend towards higher claims will have increased rates.

The table below demonstrates the compiled insurance loss statistics for Volkswagen Passat vehicles. For each type of coverage, the claim probability for all vehicles, without regard to make or model, is equal to 100. Percentage values below 100 suggest a positive loss record, while values over 100 indicate more frequent claims or tendency to have larger claims.

Car Insurance Loss Data for Volkswagen Passat Models
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volkswagen Passat 101 99 99 111 113 102

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Buying from insurance agencies

Some consumers would rather get advice from a local agent and that can be a great decision A nice benefit of price shopping on the web is the fact that drivers can get cheap auto insurance quotes and still have a local agent. Buying from and supporting neighborhood insurance agencies is still important in Tampa.

Insurance agents in TampaFor easy comparison, once you complete this short form, your insurance coverage information gets sent to participating agents in Tampa who can give free rate quotes for your coverage. You won’t need to find an agent due to the fact that quote results will go immediately to you. Get lower rates and work with a local agent. If you need to get a price quote from a particular provider, you can always go to their quote page to submit a rate quote request.

If you prefer to buy auto insurance from a reputable insurance agent or broker, there are a couple of types of insurance agents and how they are distinctly different. Agencies in Tampa can be categorized as either independent agents or exclusive agents depending on their employer.

Independent Agencies or Brokers

Agents in the independent channel do not have single company limitations and that allows them to write policies with many different companies and find you the best rates. If prices rise, your policy is moved internally and that require little work on your part. When comparison shopping, you will want to compare quotes from several independent agencies to maximize your price options. Most independent agents also contract with lesser-known insurance companies which can save you money.

Shown below is a small list of independent agents in Tampa that can give you price quotes.

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Exclusive Auto Insurance Agents

Agents in the exclusive channel generally can only insure with one company and examples are Allstate, State Farm and Farmers Insurance. They generally cannot give you multiple price quotes so they have to upsell other benefits. Exclusive insurance agents are well trained in insurance sales and that enables them to sell even at higher rates. Some consumers prefer to buy insurance from these agents mostly because of the prominent brand name rather than having low rates.

Shown below are Tampa exclusive insurance agents that are able to give price quote information.

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Finding the right insurance agency shouldn’t rely on just a cheap price. These are valid questions to ask:

Persistence is the key to cheap rates

Insureds change insurance companies for a number of reasons such as unfair underwriting practices, extreme rates for teen drivers, being labeled a high risk driver and even delays in paying claims. It doesn’t matter why you want to switch finding a great new company is not as difficult as it may seem.

Cost effective Volkswagen Passat insurance is attainable on the web in addition to many Tampa insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies do not provide rates over the internet and many times these regional insurance providers sell through local independent agencies.

As you quote Tampa auto insurance, it’s very important that you do not buy less coverage just to save a little money. Too many times, an insured dropped collision coverage only to regret that the few dollars in savings costed them thousands. Your goal is to find the BEST coverage at the best cost, but do not sacrifice coverage to save money.

Steps to buying cheaper Volkswagen Passat insurance in Tampa

The recommended way to find cheaper car insurance rates is to start doing a yearly price comparison from insurance carriers who sell insurance in Tampa. Rates can be compared by following these guidelines.

First, get a basic knowledge of how auto insurance works and the steps you can take to keep rates low. Many policy risk factors that result in higher prices such as tickets, at-fault accidents, and a bad credit score can be remedied by being financially responsible and driving safely.

Second, quote rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like Progressive or Allstate, while independent agencies can provide rate quotes for a wide range of companies.

Third, compare the new rate quotes to your existing rates to see if a cheaper rate is available. If you can save money and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, give notification to your current company of your intention to cancel your existing policy. Submit the signed application along with the required initial payment to the newly selected company. As soon as you can, store the proof of insurance certificate in an easily accessible location.

An essential thing to point out is that you’ll want to compare the same liability limits and deductibles on every quote request and and to compare as many companies as you can. This provides a fair rate comparison and a complete selection of prices.

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