Cheap Volkswagen Tiguan Insurance in Greensboro

Insurance for Volkswagen TiguanAre you doing reasearch to find the cheapest Volkswagen Tiguan insurance in Greensboro? Scraping up a payment for overpriced Volkswagen Tiguan insurance in Greensboro can bleed your budget and maybe even restrict other spending.

Anyone knows that car insurance companies don’t want you to look for cheaper rates. Consumers who shop around for cheaper prices are highly likely to buy a different policy because there is a good probability of finding coverage at a more affordable price. A study showed that drivers who faithfully checked for cheaper rates saved approximately $70 a month compared to those who never shopped around for cheaper prices.

If finding the cheapest price for car insurance in Greensboro is the reason you’re here, then learning about the best ways to find and compare car insurance can help make the process easier and more efficient.

Steps to saving on Volkswagen Tiguan insurance in Greensboro

If saving the most money is your goal, then the best way to save money on Volkswagen Tiguan insurance in Greensboro is to annually compare prices from companies in North Carolina.

  1. Try to comprehend auto insurance and the steps you can take to prevent rate increases. Many rating criteria that result in higher prices like getting speeding tickets and a low credit rating can be improved by being financially responsible and driving safely.
  2. Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive or Allstate, while independent agencies can provide prices for many different companies.
  3. Compare the new rate quotes to your current policy to see if a cheaper price is available. If you find a lower rate and buy the policy, make sure there is no lapse in coverage.

The most important part of shopping around is to use identical deductibles and limits on every quote request and and to look at every company you can. This enables an accurate price comparison and the best rate selection.

Many auto insurance companies vie for your insurance dollar, so it can be very hard to choose a company and get the best coverage at the lowest cost out there.

It’s a great practice to take a look at other company’s rates as often as possible since insurance prices change regularly. Even if you got the best rate on Volkswagen Tiguan insurance in Greensboro six months ago there is a good chance you can find better premium rates now. Forget all the misinformation about auto insurance because you’re about to learn the fastest way to find great coverage at a great price.

If you have a policy now, you stand a good chance to be able to reduce premiums using these methods. Buying the cheapest car insurance in Greensboro can be made easier if you know where to look. But North Carolina consumers can benefit by having an understanding of how companies determine what you pay because rates fluctuate considerably.

When looking for the cheapest Volkswagen Tiguan rate quotes, there are a couple ways to get quotes from lots of North Carolina auto insurance companies. The best method to comparison shop consists of obtaining rate quotes online.

Getting free quotes online is quite simple, and it takes the place of having to spend your day driving to all the different Greensboro insurance agencies. Comparing Volkswagen Tiguan insurance rate quotes online eliminates this option unless you have a complicated situation and need the trained advice of a local Greensboro agent. It is possible to get the lowest quotes online but purchase the actual policy in an agency. When quoting auto insurance, remember that quoting more helps you find a lower rate than you’re paying now.

The companies shown below offer quotes in North Carolina. To locate cheap car insurance in Greensboro, NC, it’s a good idea that you visit several of them in order to get a fair rate comparison.

Lower-cost Greensboro car insurance quotes with discounts

Car insurance can be pricey, but there’s a good chance there are discounts that could help you make your next renewal payment. Some of these discounts will be visible at quote time, but less common discounts must be asked about prior to receiving the credit.Save money with discounts

It’s important to note that most discounts do not apply to the overall cost of the policy. Most only apply to specific coverage prices like medical payments or collision. So when it seems like you can get free auto insurance, that’s just not realistic.

The example below shows the comparison of Volkswagen Tiguan yearly insurance costs with and without discounts applied to the rates. The price estimates are based on a male driver, no claims or driving citations, North Carolina state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, homeowner, claim-free, multi-policy, and safe-driver discounts applied.

A few popular companies and a selection of discounts include:

When getting free Greensboro auto insurance quotes, it’s a good idea to every company how you can save money. Some discounts may not be offered in your area. If you would like to view insurers with discount rates in North Carolina, click this link.

Coverage analysis

The rate information displayed next outlines different insurance premium costs for Volkswagen Tiguan models. Being able to understand how car insurance prices are figured can help you make decisions on which insurance to purchase.

Volkswagen Tiguan Insurance Rates in Greensboro, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tiguan S 2WD $184 $398 $240 $14 $72 $908 $76
Tiguan S 2WD $184 $398 $240 $14 $72 $908 $76
Tiguan SE 4Motion AWD $208 $470 $240 $14 $72 $1,004 $84
Tiguan SEL 4Motion AWD $208 $470 $240 $14 $72 $1,004 $84
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Premium amounts do not factor in the specific area where the vehicle is garaged which can decrease or increase premiums substantially.

An analysis of deductible level

When comparing car insurance rates, the most common question is which deductibles should you choose. The figures shown below may help to illustrate the costs and benefits when you buy lower versus higher physical damage deductibles. The first rate comparisons uses a $250 deductible for comp and collision and the second pricing table uses a $500 deductible.

Volkswagen Tiguan insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tiguan S 2WD $192 $324 $212 $12 $64 $829 $69
Tiguan S 2WD $192 $324 $212 $12 $64 $829 $69
Tiguan SE 4Motion AWD $218 $382 $212 $12 $64 $913 $76
Tiguan SEL 4Motion AWD $218 $382 $212 $12 $64 $913 $76
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Volkswagen Tiguan insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tiguan S 2WD $156 $262 $212 $12 $64 $706 $59
Tiguan S 2WD $156 $262 $212 $12 $64 $706 $59
Tiguan SE 4Motion AWD $176 $308 $212 $12 $64 $772 $64
Tiguan SEL 4Motion AWD $176 $308 $212 $12 $64 $772 $64
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Rate information does not factor in specific garaging location which can revise price quotes noticeably.

Based on the data above, we can derive that using a $250 deductible will cost you approximately $11 more each month or $132 every year averaged for all Tiguan models than choosing the higher $500 deductible. Since the policyholder would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at least 23 months between claims, you would save money if you choose a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $250 deductibles: $73
Average monthly premium for $500 deductibles (subtract): – $62
Monthly savings from raising deductible: $11
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

Does it make sense to buy full coverage?

The diagram below compares Volkswagen Tiguan insurance costs when comparing full coverage to liability only. The rates are based on no claims or driving citations, $500 deductibles, single status, and no discounts are applied to the premium.

Deciding between full coverage and liability only

There is no definitive formula to delete physical damage coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Volkswagen Tiguan replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $7,000 after you pay the deductible. If premiums are more than $700 annually for full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where only buying liability is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not remove full coverage.

Lower Your Greensboro Insurance Rates

Smart consumers have a good feel for the rating factors that play a part in calculating your premiums. When you know what positively or negatively determines base rates, this allows you to make good choices that can help you get better auto insurance rates. Many things are considered when you get a price on insurance. Some are pretty understandable like a motor vehicle report, but other criteria are more transparent like where you live or your vehicle rating.

The following are most of the major factors used by companies to determine your premiums.

Save money with higher coverage deductibles – Deductibles for physical damage are how much you are willing to pay if you file a covered claim. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Examples of some claims that would be covered would be colliding with a stationary object, damage caused by hail, and damage from wind. The larger the amount the insured has to pay upfront, the bigger discount you will receive.

Your address can push rates up or down – Being located in a small town has it’s advantages when shopping for auto insurance. People in densely populated areas regularly have more aggressive driving styles and longer commutes to work. Fewer drivers means less chance of accidents and lower theft and vandalism rates.

How many coverages with the same company – The majority of insurance companies provide better rates for people who carry more than one policy in the form of a multi-policy discount. This can amount to five, ten or even twenty percent. If you currently are using one company, you still need to compare Volkswagen Tiguan rates in Greensboro to verify if the discount is saving money. You may still be able to save money by insuring with multiple companies.

Prevent your car from being stolen – Driving a car with anti-theft technology or alarm system can help lower your premiums. Systems that thwart thieves like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping vehicle theft.

Volkswagen Tiguan historical loss data – Insurers analyze past claim statistics when they file their rates in each state. Vehicles that the statistics show to have higher prevalence or dollar amount of losses will have a higher cost to insure. The table shown below demonstrates the historical insurance loss data for Volkswagen Tiguan vehicles.

For each type of coverage, the claim probability for all vehicles combined as an average is considered to be 100. Percentage numbers below 100 imply a favorable loss record, while percentages above 100 point to more frequent losses or an increased chance of a larger loss.

Volkswagen Tiguan Insurance Claim Statistics
Specific Volkswagen 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