Save Money on Volkswagen Passat Insurance in Jersey City

Insurance quote for Volkswagen Passat in Jersey CityIt takes a few minutes, but the best way to get discount car insurance rates is to make a habit of regularly comparing prices from providers who sell auto insurance in Jersey City.

First, spend some time learning about the different coverages in a policy and the changes you can make to prevent rate increases. Many risk factors that result in higher prices such as multiple speeding tickets and a poor credit rating can be controlled by making small lifestyle or driving habit changes.

Second, quote rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from a single company like GEICO or Allstate, while independent agencies can give you price quotes for many different companies.

Third, compare the price quotes to your current policy premium to see if a cheaper price is available. If you can save money and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.

Fourth, provide proper notification to your current company of your intent to cancel your current policy. Submit a completed policy application and payment for your new policy. Immediately upon receiving it, place your new proof of insurance paperwork in an easily accessible location in your vehicle.

The key thing to know about shopping around is to use the same amount of coverage on every price quote and and to look at as many car insurance companies as possible. This helps ensure a fair price comparison and the most accurate and complete price analysis.

It’s astonishing, but most drivers kept their coverage with the same insurance company for four years or more, and roughly 40% of drivers have never shopped around. With the average premium in New Jersey being $2,000, drivers can cut their rates by roughly $720 a year by just comparing rate quotes, but they don’t understand how simple it is to compare rates.

If you have coverage now or are looking for a new policy, use these cost-cutting techniques to buy cheaper car insurance without reducing coverage. Buying cheaper car insurance in Jersey City can be fairly easy. Smart buyers only need an understanding of the least time-consuming way to shop their coverage around from many different companies.

Most larger insurance companies make it easy to get coverage price quotes online. Comparing prices online for Volkswagen Passat insurance in Jersey City is pretty painless as you simply enter the amount of coverage you want as requested by the quote form. Upon sending the form, their quoting system obtains your driving and credit reports and returns a price quote.

This helps simplify price comparisons, and it’s very important to get many rate quotes if you want to find the lowest payment on car insurance.

If you want to find out what other companies charge, take a look at the companies shown below. If you have your current policy handy, we recommend you complete the form with deductibles and limits exactly as they are listed on your policy. Doing this guarantees you will receive a price comparison using the exact same coverages.

The companies shown below provide price comparisons in Jersey City, NJ. In order to find cheaper car insurance in New Jersey, it’s a good idea that you visit two to three different companies to get a more complete price comparison.

Statistics and details

The rate information displayed next highlights different insurance policy prices for Volkswagen Passat models. Knowing how premiums are formulated can be useful when making informed decisions.

Volkswagen Passat Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $200 $384 $384 $22 $114 $1,104 $92
Passat Komfort 4-Dr Sedan $200 $384 $452 $26 $136 $1,198 $100
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rate quotes do not factor in zip code location which can increase or decrease premium rates greatly.

Comparison of policy deductibles

A question often asked by Jersey City drivers is the level to set your comp and collision deductibles. The rates below highlight the price difference when you select higher and lower comp and collision deductibles. The first rate table uses a $250 deductible and the second rate table uses a $1,000 deductible.

Volkswagen Passat insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $420 $738 $408 $24 $122 $1,737 $145
Passat Komfort 4-Dr Sedan $420 $738 $480 $28 $144 $1,835 $153
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Volkswagen Passat insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $258 $464 $408 $24 $122 $1,276 $106
Passat Komfort 4-Dr Sedan $258 $464 $480 $28 $144 $1,374 $115
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Table data does not factor in zip code location which can increase or decrease premiums substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost in the ballpark of $38 more each month or $456 each year averaged for all Passat models than opting for the higher $1,000 deductible. Because you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 20 months between claim filings, you would come out ahead going with the higher deductible.

Why you need Volkswagen vehicle insurance in New Jersey

Despite the fact that insurance is not cheap in Jersey City, buying insurance is a good idea for several reasons.

First, almost all states have minimum liability requirements which means the state requires a specific level of liability protection if you drive a vehicle. 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.

Second, if you took out a loan on your Volkswagen Passat, more than likely the lender will have a requirement that you have full coverage to guarantee their interest in the vehicle. If you let the policy lapse, the bank will be required to insure your Volkswagen for a much higher rate and require you to pay the higher price.

Third, insurance safeguards your Volkswagen Passat and your assets. It will also pay for hospital and medical expenses that are the result of an accident. Liability coverage will also pay to defend you if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, your policy will cover the damage repairs after a deductible is paid.

The benefits of insuring your car are without a doubt worth the cost, especially if you ever need it. The average driver in New Jersey is overpaying over $810 a year so compare rates each time the policy renews to help ensure money is not being wasted.

Choices You Make Can Impact Your Insurance Premiums

An important part of buying insurance is that you know a few of the rating criteria that help determine your policy premiums. When you know what positively or negatively determines premiums, this enables you to make decisions that may reward you with cheaper rates. Lots of things are used in the calculation when quoting car insurance. Some of the criteria are obvious such as your driving record, although some other factors are less apparent like your continuous coverage or your commute time.

More performance means higher prices – The type of car or truck you drive makes a significant difference in determining your rates. The cheapest insurance rates are for low performance passenger cars, but the final cost of insurance is determined by many other factors.

The following data uses these variables: single male driver age 50, full coverage with $100 deductibles, and no discounts or violations. It shows Volkswagen Passat insurance premiums compared to other vehicles that have a range of performance rating factors.

Bundle and save – Most insurers give discounts to clients who buy several policies from them. It’s known as a multi-policy discount. The amount of the discounts can be as much as ten percent or more Even with this discount applied, you still need to shop around to help guarantee you have the best rates.

Alarm systems save money – Owning a car with advanced anti-theft systems can get you a discount on your auto insurance. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft.

Save by driving safer vehicles – Safe vehicles are cheaper to insure. Vehicles engineered for safety reduce occupant injuries and any reduction in injury severity translates into savings for insurance companies which can result in lower premiums. If your Volkswagen Passat scored at minimum four stars on you are probably receiving a discount.

File claims and pay more – Auto insurance companies in New Jersey provide the best rates to insureds who file claims infrequently. If you’re an insured who likes to file claims you can expect either higher rates or even cancellation. Your insurance policy is designed for more catastrophic claims.

Volkswagen Passat historical loss data – Insurers include the past claim trends for vehicles when they calculate premium rates for each model. Models that have higher claim frequency or loss amount will have a higher cost to insure. The table below illustrates the insurance loss data used by companies for Volkswagen Passat vehicles.

For each insurance policy coverage type, the claim probability for all vehicles averaged together is a value of 100. Percentage values below 100 are indicative of better than average losses, while values that are above 100 show a trend for more claims or statistically larger losses.

Volkswagen Passat Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volkswagen Passat 101 99 99 111 113 102

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Your auto insurance coverage should be tailored to you

When buying proper insurance coverage, there is no one-size-fits-all type of policy. Your needs are not the same as everyone else’s.Higher deductibles save money

For instance, these questions may help highlight if your insurance needs may require specific advice.

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form. It is quick, free and you can get the answers you need.

The most affordable rates come from being thorough

When shopping online for insurance, you should never buy poor coverage just to save money. In many cases, an accident victim reduced collision coverage and learned later that the savings was not a smart move. Your strategy should be to buy the best coverage you can find at a price you can afford.

Affordable Volkswagen Passat insurance in Jersey City can be bought both online as well as from independent agents in Jersey City, and you need to price shop both to get a complete price analysis. There are still a few companies who do not provide price quotes online and usually these smaller companies sell through independent agents.

Insureds leave their current company for a variety of reasons including denial of a claim, being labeled a high risk driver, policy cancellation or unfair underwriting practices. It doesn’t matter what your reason, switching companies is pretty simple and you could end up saving a buck or two.

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