Volkswagen Tiguan Insurance Rates in Lexington

Do you need a fast way to compare lower-priced car insurance rates in Lexington, KY? Lexington shoppers have many options when shopping for affordable Volkswagen Tiguan insurance. They can either spend hours contacting agents getting price quotes or utilize the internet to make rate comparisons. There is a better way to compare car insurance rates and we’ll show you the quickest way to compare rates for a new or used Volkswagen and obtain the lowest price from Lexington insurance agents and online providers.

Consumers need to compare prices before your next renewal because insurance prices go up and down regularly. Even if you think you had the lowest price on Volkswagen Tiguan insurance in Lexington six months ago the chances are good that you can find a lower rate quote today. You’ll find a ton of advice on Tiguan insurance online but in this article, you’re going to get some tested techniques to find cheap car insurance in Lexington.

Coverage analysis

The data table shown below showcases estimates of insurance rates for Volkswagen Tiguan models. Being more informed about how car insurance prices are figured is important for you to make informed purchases.

Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Rate quotes do not factor in specific garaging location which can decrease or increase auto insurance rates greatly.

Can higher deductibles save money?

When shopping for car insurance, a common question is how high should the physical damage deductibles be. The rates shown below outline the rate difference between high and low coverage deductibles. The first price estimate table uses a $250 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Table data does not factor in vehicle garaging location which can affect price quotes significantly.

Based on these figures, using a $250 deductible will cost you about $14 more each month or $168 every year than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to average more than 18 months between claim filings, you would probably come out ahead if you opt for a higher deductible.

Drive safe and save

The information below shows how speeding tickets and at-fault accidents raise Volkswagen Tiguan insurance prices for different age groups. The data is based on a single female driver, comp and collision included, $500 deductibles, and no discounts are applied.

Liability only or full coverage

The example below shows the difference between Volkswagen Tiguan insurance prices with liability coverage only compared to full coverage. Data assumes no violations or claims, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Guidelines for eliminating full coverage

There isn’t a steadfast formula to eliminate comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s assume your Volkswagen Tiguan replacement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $3,000 after paying your deductible. If you are paying in excess of $300 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are some cases where only buying liability is not recommended. If you haven’t paid off your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not eliminate full coverage.

Why Your Insurance Prices might be higher

A large part of saving on auto insurance is knowing some of the elements that go into determining your auto insurance rates. If you understand what impacts premium levels, this allows you to make good choices that may reward you with better auto insurance rates. Many things are used in the calculation when you quote your car insurance policy. Some are pretty understandable like an MVR report, although some other factors are more transparent like where you live or your vehicle rating.

• Policy add-ons could be costing you – Policies have extra add-on coverages that may not really be needed if you aren’t diligent. Insurance for things like personal injury protection, towing coverage, and motor club memberships are probably not needed. You may think they are a good idea when buying your policy, but now you might not need them so consider taking them off your policy.
• Pay less if you’re married – Walking down the aisle helps lower the price on your auto insurance policy. It generally demonstrates drivers are more stable financially and it’s statistically proven that married drivers tend to file fewer claims.
• Your address can impact price – Having an address in less populated areas is a good thing when shopping for auto insurance. Fewer people translates into fewer accident claims as well as less vandalism and auto theft. Residents of big cities regularly have traffic congestion and much longer commute distances. The longer drive time means a statistically higher chance of an accident.
• Lower auto insurance rates with continuous coverage – Driving your car without having proper coverage is illegal and companies may charge more for letting your coverage lapse. Not only will rates go up, failure to provide proof of insurance can result in a steep fine or even jail time.
• Vehicles with better crash test results mean better rates – Safer cars can get you lower premiums. Safer cars reduce occupant injuries and fewer injuries translates directly to fewer claims which can result in lower premiums.

• Lower performance equals lower insurance costs – The performance of the vehicle you need insurance for makes a huge difference in your car insurance bill. Smaller low performance passenger cars usually are quite affordable to insure, but your final cost has many other factors.

  The following data is based on a single male driver age 40, full coverage with $250 deductibles, and no discounts or violations. The data compares Volkswagen Tiguan car insurance rates compared to other models of vehicles that have a range of performance rating factors.

• Vocation stress can affect premiums – Jobs such as judges, business owners, and financial analysts usually pay the highest rates because of job stress and extremely grueling work hours. Conversely, careers like professors, athletes and performers generally pay rates lower than average.

• Volkswagen Tiguan statistical loss data – Companies use data from past claims in order to profitably underwrite each model. Vehicles that the data shows to have increased losses will cost more to insure. The data below shows the collected loss data for Volkswagen Tiguan vehicles.

  For each insurance policy coverage type, the statistical loss for all vehicles averaged together is set at 100. Percentage numbers below 100 suggest a positive loss record, while numbers above 100 indicate a higher chance of having a claim or statistically larger claims.

  
  

  Volkswagen Tiguan Insurance Loss Statistics

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Volkswagen Tiguan 4dr 2WD	84	98	67	75	91	89
  Volkswagen Tiguan 4dr 4WD	93	101	85	82	80	90

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Auto insurance savings summarized

We’ve covered quite a bit of information on how to save on Volkswagen Tiguan insurance in Lexington. It’s most important to understand that the more companies you get car insurance rates for, the better likelihood of getting affordable Lexington car insurance quotes. You may even find the lowest priced auto insurance comes from an unexpected company.

Some companies do not offer the ability to get a quote online and many times these small, regional companies work with local independent agencies. Discount Volkswagen Tiguan insurance is definitely available online and from local agencies, so compare prices from both to get a complete price analysis.

As you shop your coverage around, you should never reduce coverage to reduce premium. There are many occasions where an insured cut liability limits or collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy enough coverage for the lowest cost, not the least amount of coverage.

How to find affordable quotes for Volkswagen Tiguan insurance in Lexington

It takes a little time, but the best way to get affordable Volkswagen Tiguan insurance is to begin comparing prices regularly from insurers who provide auto insurance in Lexington. You can compare prices by following these guidelines.

1. Take a little time to learn about individual coverages and the things you can change to prevent rate increases. Many policy risk factors that cause rate increases like inattentive driving and a substandard credit score can be rectified by being financially responsible and driving safely.
2. Request rate estimates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive and State Farm, while agents who are independent can provide prices from multiple companies. Click to view companies
3. Compare the new quotes to the price on your current policy and determine if cheaper Tiguan coverage is available in Lexington. If you find a better price and buy the policy, make sure there is no lapse in coverage.
4. Notify your current company to cancel your current car insurance policy. Submit the completed application along with a down payment to your new company or agent. When you receive it, put the new proof of insurance paperwork in your vehicle’s glove compartment or console.

A good tip to remember is to make sure you enter similar limits and deductibles on every quote request and and to get price quotes from as many companies as feasibly possible. This helps ensure an apples-to-apples comparison and the best rate selection.

More learning opportunities

• Protecting Teens from Drunk Driving (Insurance Information Institute)
• Who Has the Cheapest Lexington Car Insurance Rates for Drivers Over Age 50? (FAQ)
• Understanding Car Crashes Video (iihs.org)
• Teen Driving and Texting (State Farm)