Volkswagen Eos Insurance Quotes in Memphis

Would you like to stop overpaying and find more affordable Volkswagen Eos insurance in Memphis? Having to pay for expensive insurance in Memphis can take a big chunk out of your funds and possibly require you to analyze your spending habits.

It’s safe to conclude that auto insurance companies don’t want their customers to go rate shopping. Insureds who compare price quotes are likely to buy a different policy because there is a significant possibility of finding a policy with more affordable rates. A survey found that people who shopped around every year saved approximately $70 a month as compared to drivers who never shopped around for better prices.

If finding the lowest price for Volkswagen Eos insurance in Memphis is the reason you’re reading this, knowing how to quote prices and compare cheaper coverage can make it easier to shop your coverage around.

With people having so many insurance companies to choose from, it can be challenging to locate the lowest price insurer.

You should take the time to compare prices yearly because prices tend to go up over time. Even if you got the best quotes on Volkswagen Eos insurance in Memphis at your last renewal you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because you’re going to learn one of the quickest ways to lower your annual insurance bill.

Our objective in writing this article is to tell you how to compare rates easily and how you can save the most money. If you currently have insurance, you should be able to get lower rates using these tips. But Tennessee drivers do need to know how insurance companies compete online.

Why Your Insurance Prices might be higher

Smart consumers have a good feel for a few of the rating criteria that are used to determine your auto insurance rates. When you understand what influences your rates, this helps enable you to make changes that may result in big savings. Multiple criteria are used in the calculation when quoting car insurance. Some factors are common sense such as traffic violations, but other factors are more obscure such as whether you are married and annual miles driven.

Shown below are some of the most rate-impacting factors utilized by car insurance companies to help set premiums.

• Only buy what you need – There are a lot of extra add-on coverages that you can buy but may not be useful. Coverage for things like personal injury protection, accident forgiveness, and membership fees are examples of these. These coverages may sound good when talking to your agent, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.

• How’s your driving record? – Having a clean driving record influences premium rates substantially. Even one speeding ticket or other violation may cause rates to rise substantially. Good drivers pay lower auto insurance prices as compared to careless drivers. Drivers with severe citations such as reckless driving, hit and run or driving under the influence may find they need to file a SR-22 with their state in order to legally drive a vehicle.

  The information below illustrates how violations and at-fault claims increase Volkswagen Eos car insurance rates for different age groups of insureds. The prices are based on a single male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.

• Save money by having high credit – Your credit score is likely to be a major factor in determining premium rates. If your credit history can be improved, you could potentially save money when insuring your Volkswagen Eos by spending a little time repairing your credit. Insureds with very good credit scores tend to be less risk to insure than drivers who have poor credit.
• Drive less and pay lower prices – Driving a lot of miles each year the higher your rates will be. Many insurance companies calculate rates determined by how the vehicle is used. Autos that do not get driven very much can get a lower rate compared to those used for work or business. A policy that improperly rates your Eos may be wasting your money. It’s always a good idea to double check that your policy is showing how each vehicle is driven, because it can save money.

• Gender as a rate factor – Over time, data shows women tend to be less risk to insure than men. The data does not necessarily mean that men are WORSE drivers than women. They both are in at-fault accidents in similar numbers, but men have costlier accidents. Men also get more serious tickets such as DWI and reckless driving. Male teenagers have the highest risk to insure and are penalized with high auto insurance rates.

  The illustration below visualizes the comparison of Volkswagen Eos auto insurance rates for male and female drivers. The rates are based on no claims or violations, comp and collision included, $500 deductibles, single status, and no discounts are factored in.

• Expect high rates for teens – Drivers with little experience are statistically shown to be less responsible when driving so auto insurance rates are higher. More mature drivers have been proven to be more responsible, are lower risk to insure, and get fewer tickets.

  The following data uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

• Never allow your coverage to lapse – Having a gap between insurance policy dates can be a fast way to pay more for auto insurance. In addition to paying higher premiums, failure to provide proof of insurance may earn you a fine, jail time, or a revoked license.

• Performance makes a difference – The type of vehicle you are buying insurance for makes a big difference in your auto insurance rates. The lowest base rates will normally be found when insuring lower performance four cylinder passenger models, but there are many factors that impact the final cost.

  The following data assumes a single female driver age 40, full coverage with $100 deductibles, and no discounts or violations. The data compares Volkswagen Eos insurance rates compared to other makes and models that have different performances.

• Volkswagen Eos insurance loss statistics – Companies use historical loss data to calculate a rate that offsets possible losses. Vehicles that the data determines to have higher losses will cost more to insure.

  The next table illustrates the compiled insurance loss statistics for Volkswagen Eos vehicles. For each coverage type, the claim probability for all vehicles compiled together is equal to 100. Percentages below 100 are indicative of better than average losses, while values that are above 100 point to more claims or statistically larger losses.

  
  

  Auto Insurance Loss Data for Volkswagen Eos Models

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Volkswagen Eos Convertible	88	77	78	76

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Volkswagen Eos insurance coverage information

The coverage information shown next outlines different insurance rates for Volkswagen Eos models. Knowing how auto insurance prices are formulated is important for you to make informed decisions.

Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Estimates do not factor in specific Memphis garaging location which can affect rates considerably.

Policy deductibles

When buying car insurance, a common question is which deductibles should you choose. The comparison tables below lay out the price difference when you buy lower versus higher comp and collision deductibles. The first data table uses a $250 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Information does not factor in specific location which can lower or raise prices greatly.

Based on these figures, using a $250 deductible will cost in the ballpark of $24 more each month or $288 every year averaged for all Eos models than choosing the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 31 months between claims, you would come out ahead if you decide on a higher deductible. The illustration below shows how we made this calculation.

One important issue to know is that raising deductibles results in having to pay to pay more out-of-pocket when you have to file a claim. You will want to have enough extra savings in the event you have to pay the deductible for vehicle repair.

The diagram below highlights how deductible selection and can influence Volkswagen Eos annual premium costs for different age groups. The data assumes a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

Cost comparison with and without full coverage

The illustration below compares Volkswagen Eos yearly insurance costs when comparing full coverage to liability only. The information is based on no violations or accidents, $250 deductibles, single marital status, and no other discounts are factored in.

Should you be buying full coverage?

There is no definitive formula to stop paying for full coverage, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s assume your Volkswagen Eos book value is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $8,000 after you pay the deductible. If you are paying in excess of $800 annually for full coverage, then it’s probably a good time to buy liability coverage only.

There are some circumstances where only buying liability is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Lower-cost Volkswagen Eos insurance rates in Memphis

Properly insuring your vehicles can get expensive, but there’s a good chance there are discounts that many people don’t even know exist. Certain discounts will be applied when you purchase, but once in a while a discount must be specially asked for prior to getting the savings.

• Telematics Discount – Insureds who allow data collection to analyze driving manner by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive may see discounts if they exhibit good driving behavior.
• Accident Waiver – This one is not really a discount per se, but some companies like Allstate and Progressive will forgive one accident before hitting you with a surcharge with the catch being you have to be claim-free for a set time period.
• Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class as it can save substantially.
• Braking Control Discount – Cars and trucks with anti-lock braking systems have fewer accidents and will save you 10% or more on Eos insurance in Memphis.
• Discounts for Good Drivers – Drivers who avoid accidents can pay as much as 50% less than drivers with accidents.
• Seat Belt Usage – Drivers who require all occupants to use a seat belt may be able to save a few bucks on medical payment and PIP coverage.

Consumers should know that most credits do not apply to the entire cost. Most only apply to individual premiums such as physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, you won’t be that lucky.

The diagram below illustrates the difference between Volkswagen Eos insurance costs with and without discounts applied to the rates. The data is based on a female driver, a clean driving record, no claims, Tennessee state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, homeowner, multi-policy, and multi-car discounts applied.

Popular auto insurance companies and their possible discounts are included below.

• American Family discounts include good driver, air bags, good student, TimeAway discount, Steer into Savings, and mySafetyValet.
• Nationwide offers premium reductions for business or organization, Farm Bureau membership, multi-policy, defensive driving, accident-free, anti-theft, and easy pay.
• MetLife may include discounts for good driver, good student, multi-policy, defensive driver, accident-free, claim-free
• 21st Century includes discounts for automatic seat belts, theft prevention, early bird, teen driver, and defensive driver.
• Farmers Insurance offers discounts including multi-car, mature driver, electronic funds transfer, good student, switch companies, pay in full, and bundle discounts.
• Allstate policyholders can earn discounts including good payer, auto/life discount, resident student, anti-lock brakes, safe driver, and FullPay discount.

When getting a coverage quote, ask all companies you are considering which discounts you qualify for. All car insurance discounts may not be offered in your area. To view auto insurance companies that can offer you the previously mentioned discounts in Tennessee, follow this link.

Tennessee auto insurance companies

Picking the highest-rated company is difficult considering how many companies are available to choose from in Tennessee. The rank data displayed below could help you decide which providers to look at comparing prices from.

One last note

In this article, we presented some good ideas how you can compare Volkswagen Eos insurance prices in Memphis. It’s most important to understand that the more rate quotes you have, the better chance you’ll have of finding inexpensive Memphis auto insurance quotes. Drivers may even discover the most savings is with an unexpected company. Some small companies may often insure only within specific states and give better rates than their larger competitors like Progressive or GEICO.

When getting Memphis auto insurance quotes online, it’s a bad idea to buy poor coverage just to save money. There have been many cases where consumers will sacrifice physical damage coverage and learned later that saving that couple of dollars actually costed them tens of thousands. The goal is to get the best coverage possible at the best price while not skimping on critical coverages.

How to save on Volkswagen Eos insurance in Memphis

The easiest way to get budget Volkswagen Eos insurance in Memphis is to compare prices regularly from insurance carriers who provide auto insurance in Tennessee. Rate comparisons can be done by completing these steps.

• Step 1: Try to comprehend how insurance companies determine prices and the changes you can make to keep rates low. Many things that result in higher prices such as accidents, careless driving, and an imperfect credit score can be amended by making minor changes in your lifestyle.
• Step 2: Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from one company like GEICO or Farmers Insurance, while independent agents can quote prices from many different companies. View insurance agents
• Step 3: Compare the new rates to the price on your current policy and see if there is a cheaper rate. If you find better rates and buy the policy, ensure coverage does not lapse between policies.

An essential thing to point out is that you use similar limits and deductibles on each quote and and to analyze as many car insurance companies as possible. Doing this ensures a fair price comparison and many rates to choose from.

More tips and info about insurance can be found by following these links:

• What are my Rights when Filing a Claim? (Insurance Information Institute)
• Who Has the Cheapest Auto Insurance Rates for Good Drivers in Memphis? (FAQ)
• Who Has Affordable Auto Insurance Rates for 17 Year Olds in Memphis? (FAQ)
• Who Has the Cheapest Memphis Auto Insurance for a Honda CR-V? (FAQ)
• Who Has Cheap Auto Insurance Quotes for a Dodge Ram in Memphis? (FAQ)
• How Much is Memphis Car Insurance for Hybrid Vehicles? (FAQ)
• Electronic Stability Control FAQ (iihs.org)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
• Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)