If saving the most money is your goal, then the best way to find more affordable car insurance rates in Louisville is to compare prices once a year from insurers that sell auto insurance in Kentucky. Rates can be compared by completing these steps.
Step 1: Read and learn about how insurance works and the modifications you can make to keep rates low. Many factors that increase rates like traffic violations, accidents, and a not-so-good credit score can be rectified by paying attention to minor details.
Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive or State Farm, while agents who are independent can give you price quotes for a wide range of companies. View prices
Step 3: Compare the price quotes to your current policy premium to see if switching to a new carrier will save money. If you find a better price and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
One key aspect when comparing rates is to try to compare identical deductibles and limits on every quote and and to analyze as many companies as possible. This guarantees an apples-to-apples comparison and maximum price selection.
It’s a known fact that auto insurance companies want to keep you from shopping around. People who shop around for cheaper prices are very likely to switch insurance companies because they have good chances of finding discount prices. A recent survey found that consumers who faithfully checked for cheaper rates saved $70 a month compared to other drivers who never shopped for cheaper rates.
If finding the best rates on Volkswagen Tiguan insurance is your target objective, then learning about the best way to quote and compare auto insurance can help make the process easier.
Components of Your Volkswagen Tiguan Insurance Costs
Part of the insurance buying process is learning the different types of things that help determine the price you pay for insurance. When consumers understand what impacts premium levels, this helps enable you to make changes that may result in better insurance rates. Lots of things are part of the equation when quoting car insurance. Some factors are common sense like your driving record, but other criteria are less obvious such as your marital status or your financial responsibility.
The factors shown below are most of the major factors used by insurance companies to determine rates.
Better drivers pay better premiums – Having a clean driving record can have a huge impact on auto insurance premiums. Even a single citation can boost insurance rates by as much as thirty percent. Drivers who don’t get tickets pay lower auto insurance prices compared to bad drivers. Drivers who have received serious violations such as DUI, reckless driving or excessive speeding may be required to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to legally drive a vehicle.
The chart below illustrates how violations and at-fault claims can drive up Volkswagen Tiguan insurance costs for different insured age categories. The rate quotes are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.
What are good liability insurance limits? – Your policy’s liability coverage provides coverage in the event that you are found to be at fault for damages from an accident. Liability provides legal defense which can cost thousands of dollars. This coverage is relatively inexpensive compared to comp and collision, so do not cut corners here.
Insurance premiums and driver gender – Statistics have proven that females take fewer risks when driving. It does not mean men are worse drivers. Males and females are in fender benders in similar percentages, but males tend to have higher claims. They also get cited for more serious violations such as DWI and reckless driving. Young men ages 16 to 20 generally have the highest accident percentage and therefore pay the highest rates.
The example below shows the comparison of Volkswagen Tiguan insurance costs for male and female drivers. The data assumes no claims or driving citations, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no other discounts are factored in.
Your address can affect rates – Having an address in less populated areas of the country has definite advantages when shopping for auto insurance. Residents of big cities tend to have more traffic problems and higher rates of accident claims. Less people translates into fewer accidents and lower theft and vandalism rates.
Drivers with excellent credit save – An insured’s credit score can be a huge factor in calculating your insurance rates. So if your credit rating is low, you may save money insuring your Volkswagen Tiguan if you improve your credit rating. Insureds that have very high credit ratings tend to be better drivers and file fewer claims as compared to drivers with poor credit scores.
Pleasure use saves money – Driving a lot of miles in a year’s time the higher your rates will be. Most companies calculate prices based upon how the vehicle is primarily used. Cars and trucks used primarily for pleasure use cost less to insure compared to those used for work or business. Incorrect rating for your Tiguan may be costing you higher rates. Ask your agent if your insurance policy properly reflects annual mileage, because it can save money.
Insurance loss data for a Volkswagen Tiguan – Insurers use claims history as a way to help calculate a profitable premium price. Vehicles that historically have increased losses will have a higher cost to insure.
The table shown below demonstrates the historical loss data for Volkswagen Tiguan vehicles. For each coverage type, the claim probability for all vehicles, as a total average, equals 100. Values that are below 100 indicate a favorable loss history, while percentage numbers above 100 indicate more frequent claims or statistically larger claims.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Volkswagen Tiguan 4dr 2WD||84||98||67||75||91||89|
|Volkswagen Tiguan 4dr 4WD||93||101||85||82||80||90|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
All major insurance companies provide pricing from their websites. Doing online quotes for Volkswagen Tiguan insurance in Louisville is pretty easy as you just type in the coverages you want as detailed in the form. Behind the scenes, their quoting system requests your credit score and driving record and quotes a price based on these factors.
Getting online price quotes for Volkswagen Tiguan insurance in Louisville makes it easy to compare insurance prices and it’s also necessary to get many rate quotes if you are searching for a lower rate.
In order to compare rates using this form now, compare quotes from the companies shown below. To compare your current rates, we recommend that you enter coverages and limits just like they are on your policy. This ensures you will get rate quotes based on similar coverages.
The car insurance companies shown below can provide free rate quotes in Louisville, KY. To locate the cheapest auto insurance in Louisville, KY, we suggest you visit as many as you can to get the best price comparison.
Volkswagen Tiguan insurance coverage information
The price information displayed below outlines detailed analysis of insurance prices for Volkswagen Tiguan models. Knowing how insurance premiums are determined can assist in making smart choices when purchasing an insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tiguan S 2WD||$244||$416||$284||$16||$84||$1,044||$87|
|Tiguan S 2WD||$244||$416||$284||$16||$84||$1,044||$87|
|Tiguan SE 4Motion AWD||$276||$490||$284||$16||$84||$1,150||$96|
|Tiguan SEL 4Motion AWD||$276||$490||$284||$16||$84||$1,150||$96|
|Get Your Own Custom Quote Go|
Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Premium amounts do not factor in specific garaging location which can decrease or increase coverage rates considerably.
Full coverage versus liability only rates
The chart below visualizes the comparison of Volkswagen Tiguan insurance premiums with full coverage and liability only. The data is based on no claims or driving violations, $250 deductibles, single status, and no additional discounts are factored in.
When to drop comprehensive and collision coverage
There is no definitive guideline to delete physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is more than 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Volkswagen Tiguan replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying your policy deductible. If it’s costing you more than $700 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
There are a few situations where only buying liability is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage.
Auto insurance is not optional but you don’t have to overpay
Even though Louisville Tiguan insurance rates can get expensive, auto insurance is not optional due to several reasons.
First, almost all states have mandatory insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability in order to drive the car. In Kentucky 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.
Second, if you took out a loan on your car, more than likely the lender will require that you have insurance to guarantee payment of the loan. If you default on your policy, the lender may have to buy a policy to insure your Volkswagen at a more expensive rate and force you to pay much more than you were paying before.
Third, auto insurance preserves not only your Volkswagen Tiguan but also your assets. It will also cover most medical and hospital costs incurred in an accident. Liability insurance also covers legal expenses if anyone sues you for causing an accident. If damage is caused by hail or an accident, your policy will pay all costs to repair after the deductible has been paid.
The benefits of having insurance definitely exceed the cost, particularly if you ever have a claim. Unknowingly, the average driver is overpaying over $750 every year so compare rate quotes once a year at a minimum to ensure rates are competitive.
Discounts can help lower premiums on Volkswagen Tiguan insurance in Louisville
Companies that sell car insurance don’t always advertise all discounts in a way that’s easy to find, so the next list breaks down both well-publicized and also the lesser-known credits that may apply to you.
- Payment Method – If paying your policy premium upfront instead of monthly or quarterly installments you may have a lower total premium amount.
- Discounts for Multiple Vehicles – Having several vehicles on a single policy can reduce rates for all insured vehicles.
- Discount for Home Ownership – Owning your own home or condo can save you money due to the fact that maintaining a home is proof of financial responsibility.
- Paper-free Discount – Some of the larger companies provide a small discount get Louisville auto insurance on the internet.
- Driver’s Ed – Reduce the cost of insurance for teen drivers by having them successfully take a driver’s education course in school or through a local driver safety program.
- Auto/Home Discount – If you have multiple policies and insure them both with the same insurance company you will save at least 10% off all policies.
- Military Discounts – Being deployed with a military unit could trigger a small discount.
Don’t be surprised that most of the big mark downs will not be given to all coverage premiums. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, companies don’t profit that way.
The chart below shows the comparison of Volkswagen Tiguan car insurance costs with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no accidents or driving violations, Kentucky state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, homeowner, claim-free, safe-driver, and marriage discounts applied.
If you would like to choose from a list of companies that offer many of these discounts in Kentucky, click this link.
Insurance agent or online?
Some consumers would rather buy from a licensed agent and we recommend doing that Professional agents can help determine the best coverages and help you file claims. A nice benefit of getting online price quotes is that you can find cheap auto insurance rates and still buy from a local agent. Buying from and supporting local agencies is important particularly in Louisville.
Upon completion of this form (opens in new window), your information is sent to agents in your area who want to provide quotes for your auto insurance coverage. There is no need to contact an agency because quoted prices will be sent immediately to your email address. If you have a need to get a comparison quote from a specific auto insurance provider, feel free to search and find their rate quote page and fill out their quote form.
Finding a good company needs to be determined by more than just a cheap quote. Below are some questions you should ask.
- How experienced are they in personal risk management?
- Is the agency involved in supporting local community causes?
- Does the quote include credit and driving reports?
- Do they prorate repair cost based on vehicle mileage?
- Do they feel the quoted coverages are adequate?
- How are claims handled?
- Does the agency provide any after hours assistance?
- Do they have a Better Business Bureau rating in Louisville?
Louisville auto insurance companies
Picking a highly-rated car insurance provider can be a challenge considering how many different companies sell coverage in Louisville. The company information shown next could help you analyze which car insurance companies you want to consider buying from.
Top 10 Louisville Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
Shop smart and save
Some companies may not offer internet price quotes and many times these smaller companies only sell through local independent agencies. Discount Volkswagen Tiguan insurance can be found online and from local insurance agents, and you should be comparing both in order to have the best chance of saving money.
Insureds leave their current company for any number of reasons including extreme rates for teen drivers, questionable increases in premium, high prices or even not issuing a premium refund. It doesn’t matter what your reason, switching car insurance companies is pretty easy and you might even save some money in the process.
We just showed you many tips how you can save on Volkswagen Tiguan insurance in Louisville. It’s most important to understand that the more companies you get prices for, the better likelihood of getting low cost Louisville auto insurance quotes. You may even discover the biggest savings come from some of the lesser-known companies.
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