It’s hard to fathom, but most insurance policyholders have purchased from the same company for a minimum of four years, and roughly 40% of drivers have never compared rates with other companies. Consumers in Laredo can save approximately $1,770 each year, but they don’t know the large savings they would see if they swap their current policy for a cheaper one.
If saving the most money is your goal, then the best way to get more affordable Volkswagen Beetle insurance is to annually compare prices from insurance carriers who sell insurance in Laredo. Drivers can shop around by completing these steps.
Step 1: Get an understanding of how insurance companies determine prices and the steps you can take to keep rates down. Many risk factors that cause rate increases like traffic violations and a not-so-good credit score can be controlled by making minor driving habit or lifestyle changes.
Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like Progressive or Allstate, while independent agents can give you price quotes for a wide range of companies.
Step 3: Compare the price quotes to your existing policy and see if there is a cheaper rate. If you find a lower rate and make a switch, make sure there is no coverage gap between policies.
Step 4: Provide written notification to your current company to cancel your current policy. Submit payment and a completed application to your new insurance company. Be sure to place your new proof of insurance certificate with your registration paperwork.
The most important part of shopping around is to make sure you’re comparing the same physical damage deductibles and liability limits on each quote and and to get quotes from as many auto insurance providers as possible. This helps ensure a level playing field and the best price quote selection.
Locating the most cost-effective auto insurance policy in Laredo can really be easy if you know what you’re doing. If you already have coverage or want to find a cheaper company, you can use this information to lower your rates without having to cut coverage. You just have to use the least time-consuming way to compare company rates online.
You Can Change Your Insurance Rates
A large part of saving on insurance is knowing some of the elements that help determine the rates you pay for insurance. When you understand what controls the rates you pay, this empowers consumers to make smart changes that could result in lower insurance prices.
Rates go up with performance – The performance of the car, truck or SUV you need insurance for makes a big difference in your premium level. Low performance passenger vehicles usually have the lowest rates, but the cost you end up paying is determined by many additional factors.
The data below uses these variables: single female driver age 50, full coverage with $250 deductibles, and no discounts or violations. The chart compares Volkswagen Beetle car insurance rates compared to other models that have different performance risks.
Alarm systems lower prices – Selecting a car model with anti-theft technology or alarm system can save you a little every year. Systems that thwart thieves such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop your vehicle from being stolen.
Better premiums on vehicles with better crash test results – Vehicles with good safety scores get lower rates. These vehicles have better occupant injury protection and lower rates of occupant injuries translates into fewer and smaller insurance claims which can mean better rates for you. If your Volkswagen earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
Is you job costing you more? – Jobs such as real estate brokers, social workers, and dentists tend to pay higher rates than the rest of us due to high stress and lengthy work days. On the other hand, jobs such as professors, students and performers pay lower than average rates.
Male costs may be higher – Statistics have proven females are less aggressive when driving. The data does not necessarily mean that males are worse at driving than females. Males and females get in auto accidents in similar numbers, but guys tend to have more serious accidents. They also get more serious tickets like reckless driving and DUI.
The example below shows the difference between Volkswagen Beetle yearly insurance costs for male and female drivers. The rate quotes are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no additional discounts are factored in.
Accidents are costly – Whether or not you get tickets influences premium rates substantially. Drivers with clean records tend to pay less for car insurance than bad drivers. Having a single chargeable violation can increase the cost of insurance twenty percent or more. Drivers who have received license-revoking violations like reckless driving, hit and run or driving under the influence might be required by their state to submit a SR-22 form with their state in order to drive a vehicle legally.
The illustration below illustrates how traffic citations and at-fault accidents can influence Volkswagen Beetle annual premium costs for different insured age categories. The rates are based on a single male driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
Pleasure use saves money – Driving more miles in a year the more you’ll pay to insure your vehicle. A lot of insurance companies charge rates based upon how much you drive. Autos that do not get driven very much qualify for better rates than cars that get driven a lot. Improper usage on your Beetle is throwing money out the window. Ask your agent if your declarations sheet is showing the correct usage.
Insurance losses for a Volkswagen Beetle – Insurance companies take into consideration historical loss data for every vehicle when they calculate premium rates for each model. Models that tend to have higher losses will have higher premium rates.
The table below outlines the insurance loss data for Volkswagen Beetle vehicles. For each insurance policy coverage type, the claim probability for all vehicles, regardless of make or model, is a value of 100. Percentages below 100 suggest a positive loss record, while numbers that are greater than 100 indicate higher probability of having a loss or larger claims.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Volkswagen Beetle | 101 | 93 | 101 | 85 | 95 | 101 |
| Volkswagen Beetle Convertible | 85 | 78 | 95 | 76 | 89 | 79 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Rate information and statistics
The table shown next highlights a range of rate quotes for Volkswagen Beetle models. Having a better idea how insurance prices are figured can aid in making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $220 | $486 | $340 | $20 | $102 | $1,168 | $97 |
| Beetle 2-Dr Convertible | $286 | $572 | $264 | $16 | $80 | $1,218 | $102 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rates do not factor in specific zip code location which can raise or lower insurance rates significantly.
Higher deductibles lower rates
When comparing car insurance rates, the most common question is what deductibles to buy. The rates shown below approximate the rate fluctuation between low and high policy deductibles. The first rate estimation uses a $100 comprehensive and collision deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $286 | $592 | $324 | $20 | $96 | $1,343 | $112 |
| Beetle 2-Dr Convertible | $370 | $698 | $252 | $14 | $76 | $1,435 | $120 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $208 | $400 | $324 | $20 | $96 | $1,048 | $87 |
| Beetle 2-Dr Convertible | $270 | $472 | $252 | $14 | $76 | $1,084 | $90 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in vehicle location which can increase or decrease price quotes substantially.
Using the premium rates above, we can conclude that using a $100 deductible costs an average of $27 more each month or $324 every year across all Volkswagen Beetle models than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 15 months between claims, you would save money going with the higher deductible. The table below illustrates a better example of how you can decide this on your own policy.
| Average monthly premium for $100 deductibles: | $116 |
| Average monthly premium for $500 deductibles (subtract): | – $89 |
| 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 |
An important sidenote is that a higher deductible level means you pay more out-of-pocket when you file a claim. That will necessitate enough extra money in the event you need to pay the higher deductible in order to repair your vehicle.
Rate comparison of full coverage and liability-only
The example below illustrates the difference between Volkswagen Beetle car insurance costs with liability coverage only compared to full coverage. The premiums are based on no claims or driving citations, $1,000 deductibles, single marital status, and no discounts are factored in.
When to stop paying for full coverage
There is no specific rule to stop buying full coverage, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then you might consider buying liability only.
For example, let’s pretend your Volkswagen Beetle settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $6,000 after the policy deductible has been paid. If you are currently paying more than $600 annually for full coverage, then you may want to consider only buying liability coverage.
There are some scenarios where dropping physical damage coverage is not in your best interest. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage in place.
Don’t overlook these Volkswagen Beetle insurance discounts
Auto insurance companies don’t list every available discount very clearly, so we researched a few of the more well known as well as some of the hidden credits that may apply to you.
- No Charge for an Accident – Not a discount per se, but some insurance companies will allow you to have one accident without raising rates if you have no claims for a certain period of time.
- Anti-theft System – Cars, trucks, and SUVs optioned with advanced anti-theft systems are stolen less frequently and earn discounts up to 10% off your Laredo car insurance quote.
- Early Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you can avoid monthly service charges.
- Senior Citizen Rates – If you’re over the age of 55, you may be able to get a small decrease in premiums.
- Defensive Driver – Taking part in a safe driver class could save 5% or more if your company offers it.
- Auto/Life Discount – Larger car insurance companies have a lower rate if you buy a life policy as well.
- Drive Less and Save – Low annual miles can qualify you for cheaper car insurance rates.
- Good Students Pay Less – Excelling in school can save 20 to 25%. You can use this discount normally up to age 25.
- New Vehicle Savings – Insuring a vehicle that is new may earn a small discount compared to insuring an older model.
Please keep in mind that most discount credits are not given to the whole policy. Most only apply to specific coverage prices like physical damage coverage or medical payments. So when the math indicates you can get free auto insurance, nobody gets a free ride. Any amount of discount will lower the cost of coverage.
The chart below compares Volkswagen Beetle car insurance costs with and without discounts applied. The prices are based on a male driver, a clean driving record, no claims, Texas 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 marriage, safe-driver, homeowner, claim-free, multi-policy, and multi-car discounts applied.
A few companies that possibly offer these money-saving discounts include:
Before purchasing a policy, check with each company or agent which discounts they offer. Some discounts might not be offered in your state. To choose insurance companies who offer online Volkswagen Beetle insurance quotes in Texas, click here to view.
How much can you save?
When shopping online for auto insurance, you should never reduce coverage to reduce premium. There are too many instances where consumers will sacrifice physical damage coverage only to find out that the savings was not a smart move. The goal is to buy a smart amount of coverage at the best possible price, not the least amount of coverage.
Some insurance companies may not offer the ability to get a quote online and many times these smaller providers provide coverage only through independent agents. Cheaper auto insurance in Laredo is attainable on the web and from local insurance agents, and you should compare price quotes from both to have the best rate selection.
In this article, we covered a lot of information how to save on Volkswagen Beetle insurance in Laredo. The most important thing to understand is the more you quote Laredo car insurance, the higher your chance of finding the cheapest Volkswagen Beetle rate quotes. You may even discover the lowest priced auto insurance comes from a lesser-known regional company. They may have significantly lower prices on certain market segments than their larger competitors like State Farm, GEICO and Nationwide.
Other resources
- What if I Can’t Find Coverage? (Insurance Information Institute)
- How Much is Auto Insurance for Inexperienced Drivers in Laredo? (FAQ)
- How Much is Car Insurance for Seniors in Laredo? (FAQ)
- What is the Cheapest Car Insurance in Laredo, Texas? (FAQ)
- Who Has the Cheapest Auto Insurance for a Chevrolet Silverado in Laredo? (FAQ)
- How Much are Auto Insurance Quotes for Infrequent Drivers in Laredo? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Immigrants in Laredo? (FAQ)
- Credit Impacts Car Insurance Rates (State Farm)
- Comprehensive Coverage (Liberty Mutual)
- Neck Injury FAQ (iihs.org)