Cheap Volkswagen CC Insurance in Louisville

Insurance for Volkswagen CCIt’s safe to conclude that insurance companies want to keep your business as long as possible. Insureds who shop around at least once a year will probably buy a different policy because they have good chances of finding a lower rate. A study discovered that drivers who routinely shopped for cheaper coverage saved about $850 each year as compared to drivers who don’t make a habit of comparing rates.

If finding the cheapest price for car insurance in Louisville is your objective, then learning a little about how to quote and compare insurance coverage can save time and make the process easier.

The easiest way to save money on Volkswagen CC insurance is to compare quotes once a year from insurance carriers in Louisville.

The most important part of shopping around is that you’ll want to make sure you compare the same amount of coverage on every quote and and to analyze all possible companies. Doing this ensures an apples-to-apples comparison and and a good selection of different prices.

The best way to compare rates for Volkswagen CC insurance in Louisville is to know most of the bigger providers actually pay money for the chance to give rate comparisons. To start a quote, the only thing you need to do is give them some information like your occupation, if you went to college, driver details, and how you use your vehicles. The rating information is instantly provided to many of the top insurers and you should receive rate quotes within a short period of time.

To start a quote now, click here and find out if lower rates are available in Louisville.

The companies shown below are our best choices to provide free quotes in Kentucky. To get cheap auto insurance in Louisville, we recommend you compare several of them to get the cheapest price.

Volkswagen CC insurance rate analysis

The information below covers different rate quotes for Volkswagen CC models. Being able to understand how rates are figured can help customers make smart choices when buying a policy.

Volkswagen CC Insurance Rates in Louisville, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CC Sport 4-Dr Coupe $362 $598 $428 $26 $128 $1,542 $129
CC Luxury 4-Dr Coupe $362 $598 $428 $26 $128 $1,542 $129
CC VR6 Sport 4-Dr Coupe $402 $688 $428 $26 $128 $1,672 $139
CC VR6 Motion 4-Dr Coupe $402 $688 $428 $26 $128 $1,672 $139
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Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Table data does not factor in vehicle location which can influence auto insurance rates substantially.

Physical damage deductibles: Should you raise them?

One of the hardest decisions when shopping for insurance is which comprehensive and collision deductibles to buy. The rates below may help to conceptualize the premium difference when you choose different physical damage deductibles. The first rate comparisons uses a $100 deductible for physical damage and the second rate table uses a $500 deductible.

Volkswagen CC insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CC Sport 4-Dr Coupe $318 $598 $326 $20 $98 $1,385 $115
CC Luxury 4-Dr Coupe $318 $598 $326 $20 $98 $1,385 $115
CC VR6 Sport 4-Dr Coupe $354 $688 $326 $20 $98 $1,511 $126
CC VR6 Motion 4-Dr Coupe $354 $688 $326 $20 $98 $1,511 $126
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Volkswagen CC insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CC Sport 4-Dr Coupe $232 $404 $326 $20 $98 $1,080 $90
CC Luxury 4-Dr Coupe $232 $404 $326 $20 $98 $1,080 $90
CC VR6 Sport 4-Dr Coupe $258 $466 $326 $20 $98 $1,168 $97
CC VR6 Motion 4-Dr Coupe $258 $466 $326 $20 $98 $1,168 $97
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate information does not factor in specific zip code location which can lower or raise price quotes substantially.

We can estimate from the data above that using a $100 deductible will cost in the ballpark of $27 more each month or $324 every year than selecting the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you average more than 15 months between claim filings, you would come out ahead going with the higher deductible.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $121
Average monthly premium for $500 deductibles (subtract): – $94
Monthly savings from raising deductible: $27
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

How accidents and tickets impact rates

The information below illustrates how traffic citations and fender-benders can raise Volkswagen CC insurance premiums for different age groups of insureds. The price estimates are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are applied.

Volkswagen CC liability-only versus full coverage

The chart below illustrates the difference between Volkswagen CC premium costs with and without physical damage coverage. The premiums assume no accidents, no driving violations, $500 deductibles, single marital status, and no policy discounts are applied.

Should you pay for full coverage or liability only?

There isn’t a steadfast formula of when to phase out physical damage coverage on your policy, but there is a general guideline. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s say your Volkswagen CC claim settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $2,000 after paying the physical damage deductible. If premium cost is more than $200 annually for your policy with full coverage, then you might consider buying liability only.

There are a few situations where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Insurance is not optional

Despite the high insurance cost for a Volkswagen CC in Louisville, maintaining insurance is not optional due to several reasons.

First, almost all states have compulsory liability insurance requirements which means the state requires a minimum amount of liability protection in order to license the vehicle. 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 your Volkswagen CC has a lienholder, it’s most likely the lender will make it a condition of the loan that you buy insurance to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the bank may insure your Volkswagen at a significantly higher premium and force you to reimburse them the higher premium.

Third, insurance safeguards your car and your assets. It will also reimburse you for medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also covers legal expenses if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to repair the damage.

The benefits of having insurance more than offset the price you pay, especially when you need to use it. Despite what companies tell you, the average driver is currently overpaying as much as $825 a year so it’s very important to do a rate comparison every year to ensure rates are competitive.

Specific coverage details

Understanding the coverages of your policy can help you determine appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on most car insurance policies.

Collision coverage – Collision insurance covers damage to your CC resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as sideswiping another vehicle, hitting a parking meter, rolling your car, sustaining damage from a pot hole and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible on your CC to bring the cost down.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance reimburse you for expenses for hospital visits, ambulance fees and doctor visits. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverage – This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as hitting a deer, damage from getting keyed and rock chips in glass. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability insurance – Liability insurance will cover damage or injury you incur to people or other property. This insurance protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/10 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Alternatively, you may have a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for things like loss of income, emergency aid and attorney fees. How much liability coverage do you need? That is up to you, but you should buy as much as you can afford. Kentucky state law requires minimum liability limits of 25/50/10 but drivers should carry higher limits.

The next chart shows why minimum state limits may not provide adequate coverage.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Volkswagen CC.

Due to the fact that many Kentucky drivers have only the minimum liability required by law (25/50/10 in Kentucky), their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently these coverages are similar to your liability insurance amounts.