Save Money on Volkswagen Eos Insurance in Oakland

Truthfully, the best way to get more affordable auto insurance rates is to regularly compare quotes from insurers in Oakland.

Step 1: Spend some time learning about how companies price auto insurance and the steps you can take to drop your rates. Many rating criteria that result in higher prices like speeding tickets, accidents and an imperfect credit rating can be rectified by improving your driving habits or financial responsibility.

Step 2: Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from a single company like Progressive and State Farm, while independent agencies can quote rates from many different companies.

Step 3: Compare the new rate quotes to your current policy and determine if cheaper Eos coverage is available. If you find a lower rate quote and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

A good piece of advice is to try to use identical coverages on every quote request and and to get price quotes from all possible companies. This guarantees an accurate price comparison and a better comparison of the market.

We don’t have to point out that fact that car insurance companies want to keep you from shopping around. Insureds who get comparison quotes once a year will most likely buy a different policy because they have good chances of finding lower rate quotes. A recent study showed that people who shopped around every year saved an average of $3,400 over four years compared to other drivers who never shopped around.

If finding budget-friendly car insurance in Oakland is the reason for your visit, then having some knowledge of how to shop and compare insurance premiums can help you succeed in saving money.

Volkswagen Eos insurance coverage information

The price information displayed below showcases a range of insurance premium costs for Volkswagen Eos models. Understanding more about how rate quotes are determined can be valuable when making smart choices when buying a car insurance policy.

Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Premium costs do not factor in Oakland location which can modify insurance rates considerably.

Physical damage deductibles

The hardest decision when buying coverage is where should you set your physical damage deductibles. The data tables below can help you visualize the rate differences of buying low and high comp and collision deductibles. The first price estimate table uses a $100 deductible for comp and collision and the second set of prices uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Estimates do not factor in Oakland location which can alter prices noticeably.

Based on these figures, using a $100 deductible costs an average of $50 more each month or $600 annually averaged for all Eos models than requesting the higher $1,000 deductible. Because you would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 18 months between claims, you would save more money if you choose a higher deductible.

The illustration below shows how choosing a deductible and can change Volkswagen Eos insurance premiums for different age categories. The costs are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

Full coverage rates compared to liability-only

The illustration below visualizes the comparison of Volkswagen Eos insurance premiums with liability coverage only compared to full coverage. The rates are based on no violations or claims, $250 deductibles, single marital status, and no policy discounts are applied.

When to stop buying full coverage

There is no definitive rule to eliminate comp and collision coverage, but there is a guideline you can use. 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 consider buying only liability coverage.

For example, let’s say your Volkswagen Eos settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $8,000 after you pay the deductible. If you are paying more than $800 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some circumstances where removing full coverage is not advised. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Six Things That Impact Your Insurance Prices

Lots of factors are used in the calculation when you quote your car insurance policy. Some factors are common sense like your driving record, although others are not as apparent such as whether you are married and annual miles driven. When buying auto insurance it’s important to understand the rating factors that help calculate your premiums. If you have a feel for what controls the rates you pay, this enables you to make decisions that can earn you cheaper rates.

Shown below are just a few of the factors auto insurance companies consider when setting rates.

• Prevent theft and save – Purchasing a vehicle with advanced anti-theft systems can help lower your premiums. Anti-theft features like GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent car theft.
• Amount of liability insurance – The liability coverage on your policy kicks in if ever you are ruled to be at fault for physical damage or personal injury to other. It provides legal defense starting from day one. Liability insurance is quite affordable compared to comp and collision, so buy as much as you can afford.

• Is your vehicle built for speed? – The performance level of the car you are buying insurance for makes a significant difference in your premium level. Lower performance four cylinder passenger cars usually are quite affordable to insure, but your final cost has many other factors.

  The following chart assumes a married female driver age 50, full coverage with $1000 deductibles, and no discounts or violations. The data compares Volkswagen Eos rates compared to other makes and models that have a range of risk factors.

• Low comp and collision deductibles mean high premiums – The deductibles represent how much money you are willing to pay if a covered claim is submitted. Physical damage coverage, also known as collision and other-than-collision, protects your car from damage. A few examples of covered claims would be rear-ending another vehicle, vandalism, and damage from wind. The more expense you’re willing to pay, the less money you will pay for auto insurance.
• Coverage lapses lead to higher prices – Driving any period of time without insurance is a big no-no and companies may charge more for letting your insurance lapse. And not only will your rates increase, not being able to provide proof of insurance may result in a fine, jail time, or a revoked license.
• Rural vs Urban Areas – Having an address in smaller towns and rural areas of the country is a good thing if you are looking for the lowest rates. City drivers have to deal with much more traffic and longer commutes to work. Fewer drivers on the road means a lower chance of having an accident in addition to fewer liability claims.

• Insurance losses for a Volkswagen Eos – Auto insurance companies take into consideration historical loss data for every vehicle when they calculate premium rates for each model. Models that are shown to have higher prevalence or dollar amount of losses will be charged more to insure. The table shown below demonstrates the actual insurance loss data for Volkswagen Eos vehicles.

  For each policy coverage type, the claim probability for all vehicles as a whole equals 100. Values that are below 100 imply a favorable loss record, while values that are 100 or greater point to more losses or a tendency for losses to be larger than average.

  
  

  Volkswagen Eos Insurance Claim Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Volkswagen Eos Convertible	88	77	78	76

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

One last note

Affordable Volkswagen Eos insurance in Oakland is definitely available online in addition to local insurance agencies, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies do not offer rate quotes online and most of the time these regional carriers prefer to sell through independent insurance agencies.

When shopping online for insurance, it’s not a good idea to buy less coverage just to save a little money. There have been many situations where someone dropped uninsured motorist or liability limits only to discover later that the few dollars in savings costed them thousands. The ultimate goal is to buy a smart amount of coverage at the best price while not skimping on critical coverages.

Drivers leave their current company for a variety of reasons including extreme rates for teen drivers, high prices, denial of a claim or high rates after DUI convictions. Regardless of your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.

More detailed insurance information is located by following these links:

• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
• Who Has Cheap Auto Insurance for High Risk Drivers in Oakland? (FAQ)
• Who Has Affordable Car Insurance Rates for a Nissan Rogue in Oakland? (FAQ)
• Who Has Cheap Oakland Car Insurance Rates for a Ford Fusion? (FAQ)
• Who Has Cheap Auto Insurance for Veterans in Oakland? (FAQ)
• Alcohol Impaired Driving FAQ (iihs.org)
• Safety Features for Your New Car (State Farm)
• How to Avoid Buying a Flooded Car (Insurance Information Institute)
• Rollover Crash FAQ (iihs.org)