Everyone knows that car insurance companies don’t want their customers to go rate shopping. Insureds who shop for lower prices are inclined to move their business because they have a good chance of finding coverage at a more affordable price. A recent survey found that drivers who routinely compared rates saved over $3,500 over four years compared to other drivers who never compared other company’s rates.
If finding the cheapest price on auto insurance in Durham is the reason you’re here, then learning a little about how to compare auto insurance can help you succeed in finding affordable rates.
If your goal is the lowest price, then the best way to get low-cost Volkswagen Golf insurance in Durham is to regularly compare quotes from providers who provide auto insurance in North Carolina. This can be done by following these steps.
- Try to understand what is in your policy and the measures you can control to keep rates down. Many policy risk factors that cause high rates like speeding and a not-so-good credit score can be rectified by being financially responsible and driving safely. Continue reading for ideas to get cheaper coverage and find missing discounts.
- Compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like Progressive or Allstate, while independent agents can give you price quotes for a wide range of companies. View rates
- Compare the price quotes to your current policy premium to see if cheaper Golf coverage is available in Durham. If you find better rates and decide to switch, ensure there is no coverage lapse between policies.
- Provide adequate notice to your current company to cancel your current car insurance policy. Submit a down payment along with a signed application to your new company or agent. Once received, keep your new certificate of insurance in a readily accessible location in your vehicle.
One thing to point out is that you’ll want to make sure you compare similar deductibles and liability limits on each price quote and and to analyze as many auto insurance providers as possible. This enables a level playing field and a complete rate analysis.
The most recommended method to compare car insurance company rates for Volkswagen Golf insurance in Durham is to know the fact most insurance companies have advanced systems to give free rates quotes. To get started, all you need to do is provide a little information such as if a SR-22 is needed, your education level, how your vehicles are used, and coverage limits. Your details is then sent to multiple different insurance companies and you get price estimates instantly.
To check rates for your Volkswagen Golf now, click here and enter the information requested.
The following companies are ready to provide comparison quotes in North Carolina. To find cheap car insurance in Durham, NC, we suggest you compare several of them to get a more complete price comparison.
You may qualify for discounts for Volkswagen Golf insurance in Durham
Auto insurance companies don’t always list their entire list of discounts in a way that’s easy to find, so the below list has both the well known and the more hidden credits that may apply to you.
- Durham Homeowners Discount – Just being a homeowner can save you money due to the fact that maintaining a home demonstrates responsibility.
- Accident Forgiveness Coverage – Not necessarily a discount, but companies like State Farm and Allstate permit an accident before hitting you with a surcharge if your claims history is clear for a certain period of time.
- New Vehicle Savings – Adding a new car to your policy can save you some money because new model year vehicles keep occupants safer.
- Discount for Swiching Early – Some companies provide a discount for buying a policy before your current coverage expires. This can save 10% or more.
- Multiple Policy Discount – If you insure your home and vehicles and insure them both with the same insurance company you could get a discount of up to 20% and get you low cost Volkswagen Golf insurance.
- No Claim Discounts – Durham drivers who stay claim-free can earn big discounts when compared with drivers who are more careless.
- Paper-free Discount – Many companies will give you a small discount for buying a policy and signing up online.
- Professional Organizations – Being a member of qualifying clubs or civic groups is a good way to get lower rates when getting a Durham car insurance quote.
- Senior Citizen Discount – Mature drivers could receive lower premium rates.
- Smart Student Discounts – This discount can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
Policy discounts save money, but most discount credits are not given to the whole policy. A few only apply to the price of certain insurance coverages like liability and collision coverage. So even though it sounds like having all the discounts means you get insurance for free, companies don’t profit that way.
The illustration below shows the comparison of Volkswagen Golf insurance rates with and without policy discounts. The premiums are based on a female driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-car, safe-driver, claim-free, and multi-policy discounts applied.
A list of companies and the discounts they provide can be read below.
- State Farm may offer discounts for anti-theft, student away at school, good driver, defensive driving training, and multiple policy.
- American Family has discounts for Steer into Savings, good driver, early bird, mySafetyValet, accident-free, and defensive driver.
- AAA offers premium reductions for education and occupation, multi-car, pay-in-full, good student, and good driver.
- GEICO discounts include membership and employees, federal employee, daytime running lights, defensive driver, and anti-lock brakes.
- Mercury Insurance policyholders can earn discounts including low natural disaster claims, location of vehicle, professional/association, accident-free, and good student.
- Farmers Insurance includes discounts for distant student, business and professional, mature driver, alternative fuel, and homeowner.
- Progressive may have discounts that include online quote discount, multi-policy, homeowner, multi-vehicle, continuous coverage, and online signing.
When comparing rates, check with every prospective company how many discounts you can get. A few discounts may not apply to policies in your state. To find car insurance companies with significant discounts in Durham, click here to view.
Rate information and statistics
The information displayed next highlights detailed analysis of insurance coverage prices for Volkswagen Golf models. Learning more about how rate quotes are determined can be useful when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Golf 2.5 2-Dr Hatchback | $188 | $440 | $302 | $18 | $90 | $1,038 | $87 |
| Golf 2.5 4-Dr Hatchback | $212 | $440 | $302 | $18 | $90 | $1,062 | $89 |
| Golf 2.0T Turbo Diesel 2-Dr Hatchback | $212 | $506 | $302 | $18 | $90 | $1,128 | $94 |
| Golf 2.0T Turbo Diesel 4-Dr Hatchback | $212 | $440 | $302 | $18 | $90 | $1,062 | $89 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Prices do not factor in specific location information which can lower or raise prices noticeably.
Choosing deductibles
A question often asked by Durham drivers is at what level do you set your deductibles. The rates below can help illustrate the price difference between high and low insurance deductibles. The first data table uses a $250 physical damage coverage deductible and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Golf 2.5 2-Dr Hatchback | $192 | $382 | $250 | $14 | $74 | $937 | $78 |
| Golf 2.5 4-Dr Hatchback | $218 | $382 | $250 | $14 | $74 | $963 | $80 |
| Golf 2.0T Turbo Diesel 2-Dr Hatchback | $218 | $440 | $250 | $14 | $74 | $1,021 | $85 |
| Golf 2.0T Turbo Diesel 4-Dr Hatchback | $218 | $382 | $250 | $14 | $74 | $963 | $80 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Golf 2.5 2-Dr Hatchback | $118 | $240 | $250 | $14 | $74 | $696 | $58 |
| Golf 2.5 4-Dr Hatchback | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Golf 2.0T Turbo Diesel 2-Dr Hatchback | $134 | $276 | $250 | $14 | $74 | $748 | $62 |
| Golf 2.0T Turbo Diesel 4-Dr Hatchback | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in specific zip code location which can affect prices noticeably.
Based on the above data, using a $250 deductible costs about $21 more each month or $252 each year than requesting the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 36 months between claims, you would more than likely save some money by selecting a higher deductible.
The illustration below highlights how deductible choice and can increase or decrease Volkswagen Golf insurance rates for different categories of driver ages. The price estimates are based on a married female driver, full physical damage coverage, and no other discounts are factored in.
Cautious drivers save money
The illustration below highlights how speeding tickets and at-fault fender-benders influence Volkswagen Golf insurance premiums for each age group. Data assumes a married female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
Males versus Females
The illustration below shows the comparison of Volkswagen Golf insurance prices for male and female drivers. The premiums are based on no tickets, no at-fault accidents, full physical damage coverage, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
How much more does full coverage cost?
The illustration below shows the difference between Volkswagen Golf car insurance rates with and without physical damage coverage. The price estimates are based on no violations or accidents, $500 deductibles, drivers are not married, and no other discounts are factored in.
Guidelines for eliminating full coverage
There is no specific rule for eliminating physical damage insurance, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let’s assume your Volkswagen Golf book value is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after the policy deductible has been paid. If it’s costing you more than $500 annually for full coverage, then it might be time to buy liability only.
There are a few cases where removing full coverage is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.