Scraping up a payment for high-priced Volkswagen Passat insurance in Memphis can draw down your budget and possibly require you to analyze your spending habits. Performing a price comparison is an excellent way to make sure you're not throwing money away.

Discount Volkswagen Passat insuranceIt's amazing but almost 70% of drivers kept their coverage with the same insurance company for a minimum of four years, and almost 40% of drivers have never shopped around. Memphis drivers could save approximately $475 a year by just shopping around, but they underestimate the rate savings if they switched to a more affordable policy.

Having so many insurance companies to choose from, it's difficult to locate a lower cost insurance provider.

It's a great practice to shop coverage around occasionally since prices are variable and change quite frequently. Just because you found the best rates on Volkswagen Passat insurance in Memphis two years ago other companies may now be cheaper. You can find a lot of information about Passat insurance out there, but by reading this article, you're going to learn some excellent ideas to slash your insurance rates in Memphis.

Most of the larger companies allow consumers to get pricing direct online. Getting online quotes for Volkswagen Passat insurance in Memphis is pretty painless because it's just a matter of typing in the coverage amounts you desire into a form. When the form is submitted, their system collects information on your driving record and credit history and quotes a price based on the information you submitted. Quoting online for Volkswagen Passat insurance in Memphis helps simplify price comparisons, and it is important to perform this step in order to find affordable prices.

If you want to find out how much you're overpaying now, consider comparing rates from the companies shown below. If you have a policy now, it's recommended you type in deductibles and limits as close as possible to your current policy. This guarantees you will get rate comparison quotes using the same coverage and limits.

The following companies are ready to provide comparison quotes in Memphis, TN. If multiple companies are listed, we suggest you visit as many as you can to get a more complete price comparison.

Volkswagen Passat Insurance Costs in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $150 $274 $250 $14 $74 $762 $64
Passat Komfort 4-Dr Sedan $246 $510 $350 $20 $104 $1,230 $103
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Table data does not factor in the specific area where the vehicle is garaged which can affect coverage prices greatly.

Choosing deductibles

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The comparison tables below highlight the rate difference of buying low and high coverage deductibles. The first rate estimation uses a $100 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.

Volkswagen Passat insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $280 $528 $246 $14 $74 $1,167 $97
Passat Komfort 4-Dr Sedan $280 $528 $288 $18 $86 $1,225 $102
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Volkswagen Passat insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Passat Komfort Station Wagon $156 $278 $246 $14 $74 $768 $64
Passat Komfort 4-Dr Sedan $156 $278 $288 $18 $86 $826 $69
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Table data does not factor in your specific Memphis location which can influence premiums noticeably.

Using the premium rates above, we can conclude that using a $100 deductible will cost you about $33 more each month or $396 a year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 27 months between claims, you would probably come out ahead if you opt for a higher deductible.

Calculation for determining deductible levels

Average monthly premium for $100 deductibles: $100
Average monthly premium for $1,000 deductibles (subtract): - $67
Monthly savings from raising deductible: $33
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $33
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 27 months

One thing to note is that raising deductibles to save money means you pay more out-of-pocket when you have to file a claim. You should have some extra savings in the event you have to pay the deductible for vehicle repair.

Auto insurance rates by age and gender

The example below illustrates the difference between Volkswagen Passat auto insurance rates for male and female drivers. The premiums assume a clean driving record, no claims, comprehensive and collision coverage, $500 deductibles, single marital status, and no additional discounts are factored in.

Protect your Volkswagen vehicle and other assets

Even though Memphis Passat insurance rates can get expensive, insuring your vehicle serves several important purposes.

The benefits of carrying enough insurance are definitely more than the cost, particularly for liability claims. According to a survey of 1,000 drivers, the average driver is overpaying more than $865 each year so we recommend shopping around at least once a year to ensure rates are inline.

Find Cheap Insurance with These Tips

Part of the insurance buying process is learning some of the things that aid in calculating the price you pay for insurance. If you understand what influences your rates, this enables you to make decisions that could result in lower insurance prices. Lots of things are used when pricing auto insurance. Some are obvious such as your driving history, but some are not as apparent such as your credit history or your financial responsibility.

The list below includes just a few of the factors utilized by car insurance companies to help set your prices.

Cheaper Memphis auto insurance rates with discounts

Some insurance providers don't list every possible discount very clearly, so the list below details a few of the more well known and also the more inconspicuous credits available to lower your premiums when you buy Memphis auto insurance online.Cheaper auto insurance with discounts

It's important to understand that most discount credits are not given to the overall cost of the policy. Most cut the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears all the discounts add up to a free policy, company stockholders wouldn't be very happy.

For a list of companies who offer auto insurance discounts in Tennessee, follow this link.

Insurance can be complex

When it comes to coverage for your personal vehicles, there really is no perfect coverage plan. Your situation is unique.Insurance savings

These are some specific questions can help discover if your situation might need professional guidance.

If you can't answer these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form.

Car insurance is available from agents near you

Some people still prefer to go talk to an agent and that can be a great decision An additional benefit of getting online price quotes is that drivers can save money and get cheaper auto insurance rates and also buy local.

After completing this simple form, the coverage information gets sent to local insurance agents in Memphis that can provide free Memphis auto insurance quotes for your car insurance coverage. There is no reason to contact any insurance agencies since price quotes are sent directly to you. You can find better rates without a big time investment. If you need to compare prices for a specific company, feel free to search and find their rate quote page and submit a quote form there.

Picking the best insurer requires you to look at more than just a cheap price quote. These are some questions you should get answers to.

When searching for a good insurance agency, there are a couple of different types of agencies and how they can quote your rates. Insurance agencies in Memphis may be either independent (non-exclusive) or exclusive.

Exclusive Insurance Agents

Agents that choose to be exclusive can only provide one company's prices and examples are State Farm or Allstate. Exclusive agents cannot place coverage with different providers so they really need to provide good service. Exclusive insurance agents are well trained on what they offer and that allows them to sell at a higher price point.

Below are Memphis exclusive insurance agents who can help you get price quote information.

5865 Ridgeway Center Pkwy #300 - Memphis, TN 38120 - (901) 761-6083 - View Map

848 Cooper St - Memphis, TN 38104 - (901) 725-1919 - View Map

5384 Knight Arnold Rd - Memphis, TN 38115 - (901) 362-6552 - View Map

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Independent Agencies or Brokers

These agents are not employed by one company and that gives them the ability to insure with multiple insurance companies and get the cheapest rates. If they find a lower price, the business is moved internally and you stay with the same agent. If you need lower rates, we recommend you get several quotes from a few independent agents in order to compare the most rates.

The following are Memphis independent agencies that can give you rate quotes.

5986 Knight Arnold Rd - Memphis, TN 38115 - (901) 362-0545 - View Map

8046 N Brother Blvd #101 - Memphis, TN 38133 - (901) 386-4777 - View Map

3325 KIRBY PKWY STE 102 - Memphis, TN 38115 - (901) 507-6873 - View Map

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More effort can pay off

In this article, we covered some good ideas how to save on Volkswagen Passat insurance in Memphis. It's most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the best price on car insurance is with a small mutual company.

As you quote Memphis auto insurance, never buy poor coverage just to save money. In many cases, an insured dropped liability coverage limits only to discover later they didn't have enough coverage. Your objective should be to buy enough coverage for the lowest price and still be able to protect your assets.

Drivers change insurance companies for a number of reasons such as policy non-renewal, unfair underwriting practices, being labeled a high risk driver and even delays in paying claims. No matter why you want to switch, choosing a new company is pretty simple and you could end up saving a buck or two.

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