Discount Volkswagen Jetta insuranceDid a good deal turn into an underperforming, overpriced car insurance policy? Trust us when we tell you many Memphis drivers feel the same as you.

Amazingly, the vast majority of car insurance customers kept their policy with the same company for well over three years, and just short of a majority have never compared rates from other carriers. With the average premium in Tennessee being $1,400, drivers could save $475 each year just by comparing rates, but most undervalue the benefits if they swap their current policy for a cheaper one. Because there are so many companies to choose from that have cheap insurance for a Volkswagen Jetta in Memphis, it can be diffult for people to pick the most cost effective insurance company.

Car insurance discounts help lower rates for Volkswagen Jetta insurance in Memphis

Car insurance companies do not list all their discounts very well, so the list below details some of the more common and the harder-to-find discounts that may be available.

As is typical with insurance, some of the credits will not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like it's possible to get free car insurance, companies don't profit that way. Any qualifying discounts should help lower your overall premium however.

Popular car insurance companies and a summarized list of policyholder discounts can be read below.

If you are trying to find affordable Memphis car insurance quotes, ask each company which discounts can lower your rates. Some of the discounts discussed earlier may not be offered in Memphis.

The companies shown below have been selected to offer price comparisons in Memphis, TN. If multiple providers are shown, we recommend you compare several of them in order to get a fair rate comparison.

Volkswagen Jetta Insurance Rate Estimates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Jetta S 4-Dr Sedan $192 $388 $326 $20 $98 $1,024 $85
Jetta S 2.5 Station Wagon $226 $412 $252 $14 $76 $980 $82
Jetta LE 4-Dr Sedan $192 $368 $304 $18 $90 $972 $81
Jetta SE 4-Dr Sedan $242 $500 $376 $22 $112 $1,252 $104
Jetta SE 2.5 Station Wagon $216 $438 $230 $14 $70 $968 $81
Jetta 2.0T 4-Dr Sedan $312 $650 $390 $24 $116 $1,492 $124
Jetta SEL 4-Dr Sedan $134 $288 $326 $20 $98 $866 $72
Jetta 2.0T Station Wagon $320 $528 $322 $20 $96 $1,286 $107
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Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in specific garaging location which can alter coverage rates significantly.

Physical damage deductibles

The hardest decision when buying coverage is how high should the deductibles for physical damage be. The following tables can help you visualize the costs and benefits when you select higher and lower deductibles. The first data set uses a $250 comprehensive and collision deductible and the second data table uses a $1,000 deductible.

Volkswagen Jetta insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Jetta S 4-Dr Sedan $224 $376 $288 $18 $86 $1,017 $85
Jetta S 2.5 Station Wagon $224 $376 $246 $14 $74 $959 $80
Jetta LE 4-Dr Sedan $224 $376 $288 $18 $86 $1,017 $85
Jetta SE 4-Dr Sedan $252 $444 $288 $18 $86 $1,113 $93
Jetta SE 2.5 Station Wagon $252 $444 $246 $14 $74 $1,055 $88
Jetta 2.0T 4-Dr Sedan $252 $444 $288 $18 $86 $1,113 $93
Jetta SEL 4-Dr Sedan $252 $444 $288 $18 $86 $1,113 $93
Jetta 2.0T Station Wagon $252 $444 $246 $14 $74 $1,055 $88
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Volkswagen Jetta insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Jetta S 4-Dr Sedan $138 $236 $288 $18 $86 $766 $64
Jetta S 2.5 Station Wagon $138 $236 $246 $14 $74 $708 $59
Jetta LE 4-Dr Sedan $138 $236 $288 $18 $86 $766 $64
Jetta SE 4-Dr Sedan $156 $278 $288 $18 $86 $826 $69
Jetta SE 2.5 Station Wagon $156 $278 $246 $14 $74 $768 $64
Jetta 2.0T 4-Dr Sedan $156 $278 $288 $18 $86 $826 $69
Jetta SEL 4-Dr Sedan $156 $278 $288 $18 $86 $826 $69
Jetta 2.0T Station Wagon $156 $278 $246 $14 $74 $768 $64
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Prices do not factor in specific location which can alter coverage rates considerably.

Using the premium rates above, we can conclude that using a $250 deductible will cost you about $23 more each month or $276 for a full year than selecting the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you have more than 33 months between claim filings, you would more than likely save some money by going with a higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $88
Average monthly premium for $1,000 deductibles (subtract): - $65
Monthly savings from raising deductible: $23
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

Should you buy full coverage?

The chart below illustrates the difference between Volkswagen Jetta insurance costs with and without physical damage coverage. Data assumes no accidents or driving violations, $500 deductibles, single male driver, and no discounts are applied.

When to stop buying physical damage coverage

There is no written rule for eliminating full coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let's assume your Volkswagen Jetta settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $3,000 after the deductible is paid. If it's costing you more than $300 a year to have full coverage, then it might be time to consider dropping full coverage.

There are some scenarios where dropping full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.

Policy deductibles

The illustration below illustrates how your choice of deductibles and can influence Volkswagen Jetta insurance premiums for different categories of driver ages. The premiums assume a married male driver, full physical damage coverage, and no policy discounts are applied.

When should I discuss my situation with an agent?

When buying insurance from an agent or online, there really is no perfect coverage plan. Your situation is unique.

Here are some questions about coverages that may help you determine if your situation would benefit from professional advice.

If you're not sure about those questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form. It's fast, free and can help protect your family.

Can't I compare rates from local Memphis insurance agencies?

A small number of people still prefer to get advice from a local agent and doing that can be a smart decision Agents are very good at helping people manage risk and give you someone to call. One of the best bonuses of comparing rates online is you may find cheaper rates and still choose a local agent.

Find insurance agent in MemphisTo help locate an agent, after submitting this simple form, your information gets sent to companies in Memphis who will return price quotes to get your business. It simplifies rate comparisons since you won't have to contact an agency since price quotes are sent to you. If you have a need to get a rate quote from a particular provider, just search and find their rate quote page and submit a quote form there.

Picking the best provider requires more thought than just the price. These questions are important to ask:

Do you need an independent or exclusive car insurance agent?

When looking for a reliable agent, there are two types of insurance agents and how they function. Auto insurance agents in Memphis are either exclusive or independent (non-exclusive). Either type can provide auto insurance policies, but it's a good idea to understand the difference in how they write coverage since it may influence which agent you choose.

Exclusive Agents

Agents in the exclusive channel write business for a single company and some examples include AAA, Allstate, and State Farm. They are unable to give you multiple price quotes so keep that in mind. Exclusive agencies are very knowledgeable on their company's products which aids in selling service over price.

Listed below are Memphis exclusive insurance agencies willing to provide comparison quotes.

Barry Sanders - State Farm Insurance Agent
6060 Quince Rd - Memphis, TN 38119 - (901) 767-2001 - View Map

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

3315 Kirby Pkwy - Memphis, TN 38115 - (901) 365-2008 - View Map

More Memphis agents

Independent Insurance Agents

Agents that elect to be independent do not write with just one company so as a result can place your coverage with multiple insurance companies and get you the best rates possible. If your agent finds better pricing, the business is moved internally which makes it simple for you.

When comparing rates, you should always get some free quotes from at a minimum one independent agency so that you can do a thorough price comparison.

Listed below is a short list of independent insurance agents in Memphis willing to provide price quote information.

5724 Mt Moriah Rd - Memphis, TN 38115 - (901) 432-5551 - View Map

866 Ridgeway Loop Rd #200 - Memphis, TN 38120 - (901) 767-3600 - View Map

5900 Poplar Ave - Memphis, TN 38119 - (901) 766-0200 - View Map

More Memphis agents

It may be expensive, but it's not optional

Despite the high cost, paying for car insurance is required by state law in Tennessee and it also provides benefits you may not be aware of.

The benefits of insuring your Jetta more than offset the price you pay, particularly for liability claims. Unknowingly, the average driver overpays as much as $850 per year so we recommend shopping around each time the policy renews to save money.

The coverage is in the details

Understanding the coverages of car insurance aids in choosing the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Collision coverages - This coverage will pay to fix damage to your Jetta from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a parking meter, driving through your garage door and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible on your Jetta to get cheaper collision coverage.

Comprehensive coverages - Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like fire damage, a tree branch falling on your vehicle and theft. The highest amount you'll receive from a claim is the actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Liability - Liability insurance provides protection from damage that occurs to people or other property in an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/15 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $15,000 paid for damaged property.

Liability coverage pays for claims such as pain and suffering, structural damage and repair bills for other people's vehicles. How much liability coverage do you need? That is up to you, but buy higher limits if possible. Tennessee requires minimum liability limits of 25/50/15 but drivers should carry better liability coverage.

Uninsured and underinsured coverage - This gives you protection when the "other guys" are uninsured or don't have enough coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Volkswagen Jetta.

Because many people only purchase the least amount of liability that is required (25/50/15 in Tennessee), it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Coverage for medical payments - Med pay and PIP coverage pay for expenses like funeral costs, pain medications, hospital visits and nursing services. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

One last thing to lower rates

Budget-conscious Volkswagen Jetta insurance can be purchased online and from local agencies, so get free Memphis car insurance quotes from both of them to have the best selection. Some insurance companies may not offer online price quotes and many times these smaller providers only sell through local independent agencies.

Consumers change insurance companies for any number of reasons including unfair underwriting practices, policy cancellation, high prices and high rates after DUI convictions. Whatever your reason, switching car insurance companies is pretty simple and you could end up saving a buck or two.

When shopping online for car insurance, it's very important that you do not sacrifice coverage to reduce premiums. There have been many situations where someone sacrificed uninsured motorist or liability limits to discover at claim time that the few dollars in savings costed them thousands. Your strategy should be to buy enough coverage at the best possible price, but don't skip important coverages to save money.

Even more information can be read at these sites: