Best Insurance for a Volkswagen Passat in El Paso

Did a good deal turn into overpriced Volkswagen Passat insurance in El Paso? Trust us when we tell you there are many El Paso drivers thinking the same thing.

It's well known that car insurance companies want to keep you from shopping around. Consumers who shop for lower rates are very likely to buy a new policy because there is a significant possibility of finding more affordable rates. A recent study showed that people who routinely compared rates saved approximately $70 a month compared to drivers who never compared prices.

If finding the most affordable Volkswagen Passat insurance in El Paso is why you're reading this, then understanding how to get free comparison quotes and analyze coverages can make the process less intimidating.

Steps to finding the cheapest rates for Volkswagen Passat insurance in El Paso

The preferred way to get discount Volkswagen Passat insurance is to make a habit of regularly comparing prices from providers who can sell car insurance in El Paso.

Step 1: Spend some time learning about how insurance works and the things you can change to keep rates down. Many rating factors that result in higher prices like tickets, at-fault accidents, and a not-so-good credit score can be controlled by making minor driving habit or lifestyle changes.

Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like Progressive or State Farm, while agents who are independent can provide prices for a wide range of companies.

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

The most important part of shopping around is to use the same level of coverage on each price quote and to quote with all possible companies. Doing this ensures a fair price comparison and maximum price selection.

Consumers should take time to shop coverage around occasionally since prices trend upward over time. If you had the lowest price on Volkswagen Passat insurance in El Paso last year a different company probably has better rates today. Block out anything you think you know about car insurance because you're about to find out the fastest way to properly buy coverages while reducing your premium.

The method we recommend to compare policy rates for Volkswagen Passat insurance in El Paso is to know the fact most of the bigger providers pay for the opportunity to provide you with free rate quotes. The only thing you need to do is take a few minutes to give details like your credit rating estimate, if you require a SR-22, coverage limits, and the year, make and model of vehicles. Your details is sent automatically to many different companies and they return quotes immediately.

If you would like to compare rates now, click here then complete the form.

The providers in the list below have been selected to offer comparison quotes in El Paso, TX. If multiple companies are listed, we recommend you visit as many as you can in order to find the cheapest rates.

Choosing vehicle insurance is an important decision

Despite the high insurance cost for a Volkswagen Passat in El Paso, buying auto insurance serves several important purposes.

First, almost all states have minimum mandated liability insurance limits which means you are required to buy a minimum amount of liability coverage in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your vehicle has a loan, almost all lenders will require that you have insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your Volkswagen at a more expensive rate and force you to pay for it.

Third, auto insurance protects not only your vehicle but also your financial assets. Insurance will pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, also covers legal expenses in the event you are sued. If your Volkswagen gets damaged, your policy will cover the damage repairs after a deductible is paid.

The benefits of buying enough insurance more than cancel out the cost, especially for larger claims. As of last year, the average driver in Texas overpays as much as $865 each year so it's recommended you shop around at every policy renewal to ensure rates are competitive.

Rates and detailed analysis

The table shown below covers a range of rate quotes for Volkswagen Passat models. Learning as much as possible about how auto insurance policy rates are calculated is important to be able to make informed purchases.

Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Prices do not factor in the specific area where the vehicle is garaged which can raise or lower insurance rates considerably.

Physical damage deductibles: Should you raise them?

When shopping for insurance, a common question is how high or low should comp and collision deductibles be. The following tables may help you to understand the costs and benefits when you select higher and lower physical damage deductibles. The first table uses a $100 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Estimates do not factor in vehicle garaging location which can impact rates substantially.

Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $43 more each month or $516 for a full year averaged for all Passat models than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 21 months between claims, you would save money if you choose a higher deductible.

One thing to be aware of is that raising deductibles to save money means you will have to cover more of the damage yourself when you file a claim. You need to have a higher level of savings in the event you need to pay more to get your vehicle repaired.

The example below illustrates how your choice of deductibles and can influence Volkswagen Passat insurance prices for each age group. The rate quotes are based on a married female driver, comp and collision included, and no discounts are factored in.

Full coverage or liability only

The diagram below visualizes the comparison of Volkswagen Passat car insurance costs with full coverage compared to only the Texas minimum liability coverage. The prices are based on no claims or violations, $500 deductibles, single marital status, and no discounts are applied to the premium.

When to buy liability coverage only

There is no definitive rule to exclude physical damage insurance, but there is a general guideline. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

For example, let's pretend your Volkswagen Passat book value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $7,000 after you pay the deductible. If you are paying more than $700 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where only buying liability is not advised. If you still have a lienholder on your title, you must maintain physical damage coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Affordable El Paso auto insurance rates with discounts

Some insurers don't necessarily list all possible discounts very clearly, so the list below details both well-publicized in addition to some of the lesser obvious discounts you could be receiving when you buy El Paso auto insurance online. If you do not double check each discount you deserve, you may be paying too high a price.

• Anti-lock Brake System - Cars and trucks that have steering control and anti-lock brakes have fewer accidents so you can save 10 percent or more.
• Paperwork-free - A few larger online companies will discount your bill up to fifty bucks simply for signing digitally online.
• Full Payment Discount - By paying your policy upfront rather than paying monthly you can avoid monthly service charges.
• Air Bags and Passive Restraints - Factory options such as air bags could see savings as much as 30%.
• Save with a New Car - Buying a new car model can save up to 30% since newer models are generally safer.
• Low Mileage Discounts - Driving less can earn discounted prices on garaged vehicles.
• Discount for Life Insurance - Larger auto insurance companies have a lower rate if you buy a life insurance policy as well.
• Use Seat Belts - Using a seat belt and requiring all passengers to use their safety belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.

Keep in mind that many deductions do not apply to all coverage premiums. Most cut individual premiums such as liability and collision coverage. Despite the fact that it seems like it's possible to get free car insurance, you won't be that lucky.

The illustration below illustrates the comparison of Volkswagen Passat car insurance costs with and without discounts applied. The price estimates are based on a female driver, no accidents, no driving violations, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, safe-driver, multi-policy, marriage, and multi-car discounts applied.

If you would like to choose from a list of insurers with the best Volkswagen Passat insurance discounts in El Paso in El Paso, click this link.

How to find a good El Paso car insurance company

Selecting the top company is hard considering how many choices drivers have in Texas. The company information listed below may help you pick which car insurance providers you want to consider buying from.

Top 10 El Paso Car Insurance Companies by A.M. Best Rank

1. Travelers - A++
2. USAA - A++
3. GEICO - A++
4. State Farm - A++
5. Titan Insurance - A+
6. Esurance - A+
7. Progressive - A+
8. The Hartford - A+
9. Allstate - A+
10. Nationwide - A+

Top 10 El Paso Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive