2002 Volkswagen GTI Insurance Quotes

Trying to find cheaper auto insurance rates for your Volkswagen GTI? Nobody I know enjoys paying for auto insurance, especially when they are paying too much. Numerous car insurance companies battle for your business, so it’s not easy to compare every insurance company to find the cheapest price

It’s a good idea to get comparison quotes at least once a year because insurance rates change frequently. Just because you found the lowest price on GTI coverage a couple years back a different company probably has better rates today. So block out anything you think you know about auto insurance because we’re going to show you one of the quickest ways to save money, get proper coverage and the best rates.

If you have a current auto insurance policy or are just looking to switch companies, you can follow these tips to find better prices while maximizing coverage. Finding the best rates is not that difficult. Consumers only need an understanding of how to shop their coverage around online.

Discounts can save BIG

Insuring your vehicles can cost a lot, but there could be available discounts to help bring down the price. Some discounts apply automatically when you get a quote, but a few need to be specifically requested in order for you to get them. If you’re not getting every credit available, you are throwing money away.

  • Employee of Federal Government – Active or retired federal employment can earn a discount up to 10% on GTI coverage with certain companies.
  • Homeowners Savings – Owning a home may trigger a auto insurance policy discount because of the fact that having a home is proof that your finances are in order.
  • Anti-theft System – Anti-theft and alarm systems help deter theft and earn discounts up to 10%.
  • Fewer Miles Equal More Savings – Driving fewer miles can qualify you for a substantially lower rate.
  • Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
  • Passive Restraint Discount – Cars that have air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.

Keep in mind that some credits don’t apply to the entire cost. Most cut specific coverage prices like comp or med pay. So even though they make it sound like it’s possible to get free car insurance, companies wouldn’t make money that way. But all discounts will help reduce the amount you have to pay.

For a list of companies who offer auto insurance discounts, click here.

Will just any policy work for me?

When it comes to buying adequate coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s situation is unique and your policy should reflect that. These are some specific questions may help you determine if your insurance needs would benefit from professional advice.

  • Is rental equipment covered for theft or damage?
  • Does my 2002 Volkswagen GTI need full coverage?
  • Should I waive the damage coverage when renting a car?
  • What should my uninsured motorist coverage limits be in my state?
  • Do I need PIP coverage since I have good health insurance?
  • What discounts do I qualify for?
  • Does coverage extend to Mexico or Canada?
  • Where can I find high-risk insurance?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.

The auto insurance bait and switch

Consumers can’t ignore all the ads for the lowest price auto insurance by State Farm, Allstate and GEICO. They all seem to have a common claim of big savings if you switch to their company.

But how can every company make almost identical claims?

Insurance companies have a certain “appetite” for the type of driver that earns them a profit. For example, a driver they prefer could be between the ages of 40 and 55, has no driving citations, and drives less than 10,000 miles a year. Any new insured who meets those qualifications will get the preferred rates and therefore will pay quite a bit less when switching companies.

Potential customers who fall outside the “perfect” profile must pay higher rates which leads to the customer not buying. The ads state “people who switch” not “people who quote” save money. This is how companies can truthfully advertise the way they do.

This illustrates why you need to get as many comparisons as possible. It’s not possible to predict which company will fit your personal profile best.

Car insurance coverages for a 2002 Volkswagen GTI

Having a good grasp of your policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types found on the average auto insurance policy.

Auto liability insurance – This coverage protects you from damage that occurs to people or other property. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability coverage pays for things like medical expenses, attorney fees and emergency aid. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Volkswagen GTI.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Collision – This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like colliding with a tree, rolling your car, driving through your garage door, hitting a parking meter and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses like dental work, ambulance fees, EMT expenses and prosthetic devices. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. They cover you and your occupants and will also cover getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive auto coverage – This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hitting a bird, hail damage, damage from getting keyed, a broken windshield and vandalism. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

What is YOUR best insurance company?

As you restructure your insurance plan, never skimp on critical coverages to save a buck or two. In too many instances, someone sacrificed uninsured motorist or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. The aim is to get the best coverage possible for the lowest price while not skimping on critical coverages.

Cost effective 2002 Volkswagen GTI insurance is possible both online in addition to many insurance agents, and you should be comparing both to have the best selection. Some companies do not provide online quoting and most of the time these smaller companies sell through independent agents.

We just covered a lot of information how to lower your insurance rates. The most important thing to understand is the more price quotes you have, the higher your chance of finding lower rates. Consumers could even find that the lowest premiums are with some of the lesser-known companies. Some small companies can often provide lower rates in certain areas compared to the large companies like GEICO and State Farm.

Additional detailed information can be found by following these links: