Volkswagen Eos Insurance Quotes in Memphis

Discount Volkswagen Eos insuranceWould 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.

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.

Volkswagen Eos Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
EOS Komfort Turbo 2-Dr Convertible $176 $350 $304 $18 $90 $938 $78
EOS Luxury Turbo 2-Dr Convertible $176 $350 $304 $18 $90 $938 $78
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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.

Volkswagen Eos insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
EOS Komfort Turbo 2-Dr Convertible $252 $444 $288 $18 $86 $1,113 $93
EOS Luxury Turbo 2-Dr Convertible $252 $444 $288 $18 $86 $1,113 $93
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Volkswagen Eos insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
EOS Komfort Turbo 2-Dr Convertible $156 $278 $288 $18 $86 $826 $69
EOS Luxury Turbo 2-Dr Convertible $156 $278 $288 $18 $86 $826 $69
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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.

Average monthly premium for $250 deductibles: $93
Average monthly premium for $1,000 deductibles (subtract): – $69
Monthly savings from raising deductible: $24
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 31 months

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.Discount auto insurance

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.

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.

Best Auto Insurance Companies in Memphis
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Erie Insurance 87 84 85 85% A+ 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

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.

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: