Find Affordable Volkswagen Eos Insurance in Jersey City

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Insurance quote for Volkswagen Eos in Jersey CityWould you like to stop overpaying and find low-cost Volkswagen Eos insurance in Jersey City? Do you get exhausted from not being able to scrape enough together to make your car insurance payment? You are in the same boat as many other New Jersey consumers.

It goes without saying that insurance companies don't want you to look for a cheaper policy. People who shop around annually are very likely to buy a new policy because of the high probability of finding a lower-cost company. A recent survey found that consumers who made a habit of comparing rate quotes saved over $70 a month compared to other drivers who never shopped around for better prices.

If finding the lowest price for auto insurance in Jersey City is your intention, then having an understanding of how to compare coverages can help you be more efficient.

Due to the increasing number of choices of insurance companies that have cheap insurance for a Volkswagen Eos in Jersey City, it can be impossible to locate the cheapest car insurance company.

The best way to compare rates for Volkswagen Eos insurance in Jersey City utilizes the fact most insurance companies actually pay money for the chance to give free rates quotes. The only thing you need to do is provide a little information including how old drivers are, whether the vehicles are used for commuting, deductibles desired, and your job. The rating information is submitted instantly to insurance carriers in your area and you will receive price estimates instantly to find the best rate.

To get price quotes for your Volkswagen Eos now, click here and enter your coverage details.

The following companies have been selected to offer comparison quotes in New Jersey. If your goal is to find cheap auto insurance in Jersey City, we recommend you visit several of them in order to find the most competitive rates.

Car insurance statistics and figures

The premium information shown below showcases detailed analysis of insurance prices for Volkswagen Eos models. Knowing how auto insurance prices are established can help guide drivers when making smart buying decisions.

Volkswagen Eos Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
EOS Komfort Turbo 2-Dr Convertible $518 $1082 $648 $38 $194 $2,480 $207
EOS Luxury Turbo 2-Dr Convertible $518 $1082 $648 $38 $194 $2,480 $207
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location which can decrease or increase prices significantly.

Where to set your deductibles

One of the most common car insurance questions is how high should your deductibles be. The data tables below highlight the price difference between low and high insurance deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second set of rates uses a $500 deductible.

Volkswagen Eos insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
EOS Komfort Turbo 2-Dr Convertible $466 $880 $480 $28 $144 $2,023 $169
EOS Luxury Turbo 2-Dr Convertible $466 $880 $480 $28 $144 $2,023 $169
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Volkswagen Eos insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
EOS Komfort Turbo 2-Dr Convertible $340 $594 $480 $28 $144 $1,586 $132
EOS Luxury Turbo 2-Dr Convertible $340 $594 $480 $28 $144 $1,586 $132
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Information does not factor in vehicle garaging location which can affect rates greatly.

Based on the data above, we can derive that using a $100 deductible will cost you roughly $37 more each month or $444 every year averaged for all Eos models than quoting the higher $500 deductible. Because you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to go at least 11 months between claims, you would more than likely save some money if you decide on a higher deductible. Here is a better example of how this determination is made.

Average monthly premium for $100 deductibles: $169
Average monthly premium for $500 deductibles (subtract): - $132
Monthly savings from raising deductible: $37
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $37
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

One big caveat is that raising deductibles to get cheaper rates means you pay more out-of-pocket when you have a physical damage claim. You must have some savings in order to pay the higher deductible.

The information below highlights how deductible selection and can change Volkswagen Eos insurance prices for different age categories. The costs are based on a single female driver, comp and collision included, and no additional discounts are factored in.

Irresponsible driving raises your rates

The illustration below shows how violations and at-fault claims can increase Volkswagen Eos premium costs for different ages of insureds. The data assumes a single male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.

Should you buy full coverage?

The example below illustrates the comparison of Volkswagen Eos yearly insurance costs with liability coverage only compared to full coverage. The rate quotes are based on no claims or driving violations, $250 deductibles, single status, and no other discounts are factored in.

Should you buy full coverage or liability only?

There is no clear-cut rule to exclude physical damage coverage, but there is a general convention. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let's say your Volkswagen Eos replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $4,000 after the deductible is paid. If premium cost is more than $400 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some situations where dropping full coverage is not advised. If you still owe a portion of the original loan, 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 if your current one is in an accident, you should keep full coverage in place.

Choosing Eos insurance is an important decision

Despite the high cost of buying insurance for a Volkswagen Eos in Jersey City, insuring your vehicle is mandatory in New Jersey but it also protects more than you think.

  • The majority of states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability coverage in order to drive the car legally. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If you took out a loan on your vehicle, it's most likely the lender will stipulate that you buy insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Volkswagen at a more expensive rate and require you to fork over much more than you were paying before.
  • Insurance safeguards not only your vehicle but also your assets. Insurance will also pay for hospital and medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if you cause an accident and are sued. If damage is caused by hail or an accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of having insurance definitely exceed the price paid, especially with large liability claims. The average driver in America is overpaying over $850 per year so it's important to compare rates at every renewal to help ensure money is not being wasted.

Smart Buyers Save Every Year

Many factors are taken into consideration when pricing auto insurance. Some are pretty understandable like a motor vehicle report, although others are more transparent like your continuous coverage or your financial responsibility. When buying car insurance it's important to understand a few of the rating criteria that are used to determine your policy premiums. If you understand what determines premiums, this enables you to make decisions that could result in lower premium levels.

The factors shown below are a few of the things that factor into premiums.

  • Rental and towing coverage may not be needed - There are quite a few extra bells and whistles that may not really be needed if you aren't careful. Coverage for things like rental car coverage, death and dismemberment, and additional equipment coverage may be costing you every month. They may seem like a good idea initially, but if you don't need them get rid of them and save.
  • Multiple policies with one company - Some insurance companies afford discounts to policyholders who buy several policies from them in the form of a multi-policy discount. Discounts can amount to ten or even up to twenty percent in some cases. Even if you already get this discount, it's in your best interest to check prices from other companies to guarantee you are still saving the most.There is a good possibility that you can find a better deal by buying insurance from more than one company.
  • Lower premiums by staying claim free - If you tend to file frequent claims, you can definitely plan on increased rates or even have your policy non-renewed. Insurance companies in New Jersey generally give the lowest premiums to people who are not frequent claim filers. Auto insurance is designed for larger claims.
  • High premiums for youthful drivers - Teen drivers in New Jersey have been known to be more careless when driving with friends so car insurance rates are higher. Parents adding a teen driver to your policy can increase premiums substantially. Older people are viewed as being more responsible, cost insurance companies less in claims, and get fewer tickets.

    The following chart is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

  • What are your deductibles? - The deductibles define the amount you are required to pay if a claim is determined to be covered. Insurance for physical damage, also called 'full coverage', covers damage that occurs to your car. Some instances where coverage would apply could be collision with another vehicle, fire damage, and damage caused by road hazards. The more expense you are required to pay out-of-pocket, the less money you will pay for car insurance.
  • Marriage is a bonus - Having a wife or husband may cut your premiums on your policy. Having a spouse generally demonstrates drivers are more mature and insurance companies reward insureds because married drivers tend to have fewer serious accidents.
  • Rates can be impacted by your employer - Do you have a high-stress occupation? Occupations such as real estate brokers, social workers, and stock brokers are shown to have higher rates than average due to intense work requirements and long work hours. Conversely, jobs like scientists, historians and homemakers receive lower rates.
  • Urban residents pay more - Residing in small towns and rural areas is a good thing when trying to find low car insurance rates. People who live in big cities have much more traffic and longer commute times. Fewer drivers means a lower chance of having an accident and lower theft and vandalism rates.
  • Insurance loss statistics a Volkswagen Eos - Insurers use statistical claims data to calculate a rate that offsets possible losses. Models that tend to have higher prevalence or dollar amount of losses will cost more to insure.

    The table shown below demonstrates the compiled insurance loss statistics for Volkswagen Eos vehicles. For each policy coverage type, the loss probability for all vehicles averaged together equals 100. Values that are 100 or less suggest a better than average loss history, while values that are above 100 indicate frequent claims or an increased chance of larger losses than average.

    Insurance Loss Ratings for Volkswagen Eos Vehicles
    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
    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Take policy discounts and save on Volkswagen Eos insurance in Jersey City

Car insurance can be pricey, but you might already qualify for some discounts to cut the cost considerably. Many of these discounts will be applied automatically at the time of quoting, but occasionally some discounts must be inquired about before they will apply.Save money with discounts

  • Multiple Vehicles - Purchasing coverage when you have multiple vehicles with the same car insurance company can get a discount for every vehicle.
  • Smart Student Discounts - Maintaining excellent grades may save as much as 25% on a Jersey City auto insurance quote. Many companies even apply the discount to college students up until you turn 25.
  • Anti-theft Discount - Vehicles with anti-theft systems are stolen less frequently so companies will give you a small discount.
  • Good Driver Discounts - Insureds without accidents may save up to 50% more than drivers with accident claims.
  • Driver Safety - Taking a defensive driving course is a good idea and can lower rates and also improve your driving technique.
  • Paperless Signup - Some of the larger companies give back up to $50 for signing up over the internet.
  • Data Collection Discounts - People who choose to allow driving data collection to look at driving manner by installing a telematics device such as State Farm's In-Drive may see discounts as long as the data is positive.
  • Savings for New Vehicles - Buying insurance on a new vehicle may earn a small discount due to better safety requirements for newer vehicles.

As a footnote on discounts, many deductions do not apply to the overall cost of the policy. Most only apply to specific coverage prices like medical payments or collision. So when the math indicates it's possible to get free car insurance, you aren't that lucky.

The diagram below illustrates the difference between Volkswagen Eos yearly insurance costs with and without discounts applied to the policy premium. The premium estimates are based on a female driver, no claims, a clean driving record, New Jersey state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, multi-policy, safe-driver, and homeowner discounts applied.

Some of the insurance companies who may offer these benefits include:

Double check with all companies you are considering which discounts you may be entitled to. All car insurance discounts might not be offered in your state.

Local Jersey City insurance agencies and insurance

Many drivers prefer to sit down with an agent and that can be a smart move A good thing about comparing insurance prices online is you may find cheap rate quotes and still have a local agent.

Once you complete this quick form, the coverage information is emailed to local insurance agents who will give you quotes and help you find cheaper coverage. There is no need to drive around as quotes are delivered to your email. You'll get the best rates and a licensed agent to talk to. If for some reason you want to get a comparison quote from a specific company, just jump over to their website and fill out the quote form the provide.

Picking an insurer needs to be determined by more than just the price. You should also get answers to these questions.

  • Is the agent CPCU or CIC certified?
  • Are aftermarket or OEM parts used to repair vehicles?
  • How much training do they have in personal risk management?
  • Do you qualify for any additional discounts?
  • Do they carry Errors and Omissions coverage?

Once you have good feedback to any questions you have and a good coverage price, you may have just found a company that meets the criteria to provide insurance coverage.

Ratings for New Jersey car insurance companies

Picking a good quality car insurance company can be difficult considering how many different companies insure vehicles in Jersey City. The ranking information below may help you decide which coverage providers you want to consider when comparing rate quotes.

Top Car Insurance Companies in Jersey City
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Mercury Insurance 87 96 100 87% A+ 93.4
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Insure.com Best Car Insurance Companies

Persistence is the key to cheap rates

We just showed you many ideas to find affordable Volkswagen Eos insurance in Jersey City. It's most important to understand that the more rate quotes you have, the better your chances of lowering your auto insurance rates. Drivers may even discover the lowest rates come from the smaller companies. They may have significantly lower auto insurance rates on certain market segments than the large multi-state companies such as Progressive and GEICO.

Affordable Volkswagen Eos insurance in Jersey City can be found on the web and from local insurance agents, so you should compare both so you have a total pricing picture. Some insurance companies may not have online quoting and usually these regional insurance providers work with independent agents.

How to find more affordable Volkswagen Eos insurance in Jersey City

The easiest way to find low-cost Volkswagen Eos insurance in Jersey City is to begin comparing prices regularly from different companies that insure vehicles in New Jersey.

  • First, spend a few minutes and learn about how auto insurance works and the changes you can make to keep rates low. Many risk factors that cause high rates such as speeding tickets, careless driving and an unfavorable credit rating can be amended by making minor changes in your lifestyle.
  • Second, compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from one company like GEICO or Farmers Insurance, while agents who are independent can quote rates from many different companies.
  • Third, compare the new rate quotes to your current policy premium to determine if switching companies saves money. If you find better rates and buy the policy, ensure coverage does not lapse between policies.
  • Fourth, provide adequate notice to your current company of your intent to cancel the current policy. Submit the application along with any required down payment to the new insurer. Once the paperwork is finalized, safely store the certificate of insurance in your glove compartment.

A good tip to remember is that you use the same deductibles and limits on each price quote and and to get rate quotes from as many different companies as possible. Doing this helps ensure a fair rate comparison and the best rate selection.

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