It’s astonishing, but nearly 70% of consumers have stayed with the same insurance company for four years or more, and roughly 40% of drivers have never quoted insurance rates at all. With the average premium in North Carolina being $1,000, drivers could pocket nearly 10% a year just by shopping around, but they just don’t understand the benefits if they switched to a more affordable policy.
If you want to save the most money, the best way to find cheaper prices for Volkswagen Eos insurance is to regularly compare prices from insurers in Durham. This can be done by following these steps.
- Get an understanding of what is in your policy and the things you can control to keep rates in check. Many rating factors that result in higher prices such as at-fault accidents, speeding tickets, and a less-than-favorable credit score can be rectified by improving your driving habits or financial responsibility. Continue reading for more ideas to lower rates and find available discounts that you may qualify for.
- Compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from a single company like Progressive or State Farm, while agents who are independent can provide price quotes for a wide range of companies.
- Compare the new rate quotes to your current policy premium and see if you can save money. If you can save money and switch companies, make sure there is no lapse in coverage.
- Notify your company or agent to cancel your current policy. Submit a down payment and signed policy application for your new coverage. Don’t forget to safely store the proof of insurance paperwork in a readily accessible location in your vehicle.
One tip to remember is that you’ll want to compare the same liability limits and deductibles on each price quote and and to get rates from as many carriers as you can. This helps ensure an accurate price comparison and a complete price analysis.
Our goal in writing this article teach you how auto insurance companies operate and some tips to save money. If you currently have a car insurance policy, you stand a good chance to be able to reduce premiums using the tips covered below. But North Carolina drivers must learn how companies determine premium rates and use it to your advantage.
Best Volkswagen Eos insurance price quotes in North Carolina
The following companies provide price quotes in North Carolina. If multiple companies are listed, we suggest you visit two to three different companies in order to get a fair rate comparison.
Facts and figures for Volkswagen Eos insurance
The coverage table displayed next highlights different insurance premium costs for Volkswagen Eos models. Learning a little about how auto insurance premiums are formulated can be valuable when making smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $148 | $296 | $336 | $20 | $100 | $900 | $75 |
| EOS Luxury Turbo 2-Dr Convertible | $148 | $296 | $336 | $20 | $100 | $900 | $75 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Premium amounts do not factor in Durham location which can impact prices noticeably.
Physical damage deductibles
One of the hardest decisions when shopping for auto insurance is what deductibles to buy. The following tables may help you to understand the rate fluctuation when you buy lower versus higher policy deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| EOS Luxury Turbo 2-Dr Convertible | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| EOS Luxury Turbo 2-Dr Convertible | $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 safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rates do not factor in vehicle garaging location which can modify price quotes substantially.
Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $29 more each month or $348 a year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you have more than 31 months between claim filings, you would save money if you opt for a higher deductible.
How to calculate when to raise deductibles
| Average monthly premium for $100 deductibles: | $88 |
| Average monthly premium for $1,000 deductibles (subtract): | – $59 |
| Monthly savings from raising deductible: | $29 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $29 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 31 months |
One important note is that a higher deductible results in more money out-of-pocket when you have a claim. That will require a higher level of savings in order to pay the deductible to have repairs made.
Careless driving habits raise auto insurance rates
The information below highlights how speeding tickets and accidents influence Volkswagen Eos insurance costs for different categories of driver ages. Data assumes a single female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.
Five factors that influence insurance prices
A large part of saving on auto insurance is knowing some of the elements that play a part in calculating auto insurance rates. If you have a feel for what influences your rates, this enables informed choices that may reward you with lower rates.
- Annual miles is a factor – The higher the mileage driven in a year the more you will pay for auto insurance. A lot of companies charge rates determined by how the vehicle is used. Autos that have low annual miles can be on a lower rate level than vehicles that are driven to work every day. An improperly rated Eos can result in significantly higher rates. Ask your agent if your auto insurance policy properly reflects the right rating data.
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Men drivers tend to cost more – The statistics show that females tend to be a little less risky than males. It does not mean men are WORSE drivers than women. Men and women get in at-fault accidents in similar numbers, but men get into accidents with more damage. They also receive more major tickets like driving under the influence (DUI).
The chart below shows the difference between Volkswagen Eos insurance rates for male and female drivers. The price estimates are based on a clean driving record, no claims, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are taken into consideration.
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Teenage drivers pay high costs – Older insureds are proven to be safer behind the wheel, file fewer claims, and get fewer tickets. Youthful drivers are statistically shown to be inattentive when driving with friends so they pay higher auto insurance rates.
The data below uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.
- Save money by having multiple policies – Lots of insurers will award lower prices to insureds who consolidate policies with them in the form of a multi-policy discount. Even with this discount, it’s always a smart idea to get quotes from other companies to make sure you are getting the best deal.
- Limits of liability coverage – Liability coverage is the coverage that protects you if ever you are found to be at fault for causing personal injury or damage in an accident. It will provide legal defense coverage which can be incredibly expensive. This coverage is relatively inexpensive compared to other policy coverages, so insureds should have plenty of protection for their assets.
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Volkswagen Eos historical loss data – Companies factor in insurance loss information in order to profitably underwrite each model. Vehicles that the data shows to have higher claim frequency or loss amount will have a higher cost to insure. The next table shows the actual insurance loss data for Volkswagen Eos vehicles.
For each insurance policy coverage type, the loss probability for all vehicles averaged together is set at 100. Values that are below 100 suggest a positive loss record, while percentages above 100 indicate more frequent claims or an increased probability of a larger loss.
Volkswagen Eos Insurance Loss Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Volkswagen Eos Convertible 88 77 78 76 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Lower rates by qualifying for discounts
Some providers do not list their entire list of discounts in a way that’s easy to find, so the following is a list of some of the more common and the more hidden credits available to lower your premiums when you buy Durham auto insurance online.
- Waiver for an Accident – This one isn’t a discount, but companies like Allstate, State Farm and GEICO will let one accident slide without the usual rate increase if you are claim-free for a particular time prior to the accident.
- Telematics Discount – Durham drivers who agree to allow driving data submission to study driving patterns through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive may see discounts if they show good driving skills.
- Discounts for Seat Belt Usage – Requiring all passengers to buckle up can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
- Government Employee Discount – Being employed by or retired from a federal job could cut as much as 10% off but check with your company.
- E-sign Discounts – Certain larger companies will provide an incentive for buying a policy and signing up on their website.
- Discounts for Cautious Drivers – Drivers who don’t get into accidents may save up to 50% more than less cautious drivers.
- ABS Brakes – Vehicles with anti-lock braking systems are safer to drive and qualify for as much as a 10% discount.
- Savings for New Vehicles – Buying a new car model can save you some money compared to insuring an older model.
- Multiple Cars – Buying coverage for multiple vehicles on one policy can reduce the rates for all insured vehicles.
- Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a break if you buy some life insurance too.
Policy discounts save money, but most discounts do not apply to the whole policy. Some only apply to the price of certain insurance coverages like liability and collision coverage. Even though it appears you can get free auto insurance, insurance companies wouldn’t stay in business.
The chart below shows the comparison of Volkswagen Eos insurance costs with and without discounts being applied to the rates. The premiums are based on a male driver, no accidents or driving violations, North Carolina state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, marriage, homeowner, safe-driver, and multi-policy discounts applied.
For a list of providers who offer discounts in Durham, click here.
Compare prices but buy from a local Durham insurance agency
A small number of people just want to visit with an insurance agent and doing that can be a smart decision A good thing about getting online price quotes is that you can find cheaper auto insurance rates and still have a local agent. Supporting local insurance agents is important especially in Durham.
Upon completion of this simple form, your insurance coverage information is sent to local insurance agents that can provide free Durham auto insurance quotes to get your business. It’s much easier because you don’t need to do any legwork because quoted prices will be sent to you. You can get cheaper car insurance rates AND an agent nearby. If you have a need to get a price quote from a specific insurance company, you can always go to their quote page and complete a quote there.
Types of car insurance agents
If you need to find a local insurance agency, you should know the different types of agencies and how they are distinctly different. Agencies in Durham can be described as either independent or exclusive.
Independent Car Insurance Agencies or Brokers
Agents that elect to be independent do not have single company limitations so as a result can place your coverage through many different car insurance companies and get you the best rates possible. If they find a lower price, they can switch companies in-house and you don’t have to find a new agent. If you are comparing car insurance prices, you need to get some free quotes from a few independent agents so that you can do a thorough price comparison. Many independent agencies also insure through different regional companies which can be an advantage.
Featured below are independent insurance agents in Durham that may be able to give comparison quotes.
- Superior Insurance Durham North
3808 Guess Rd Suite J – Durham, NC 27705 – (919) 973-1507 – View Map - Protective Agency
4215 University Dr #1 – Durham, NC 27707 – (919) 416-4900 – View Map - Triangle Insurance Alliance
2530 Meridian Pkwy #300 – Durham, NC 27713 – (919) 322-3640 – View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive are contracted to one company and examples are Allstate and State Farm. They usually cannot place coverage with different providers so they are skilled at selling on more than just price. Exclusive insurance agents are highly trained on their company’s products which helps overcome the inability to quote other rates. Consumers frequently buy from the same agent for years mostly because of the prominent brand name rather than low price.
The following is a list of exclusive agencies in Durham willing to provide rate quotes.
- James Zewe – State Farm Insurance Agent
3500 Westgate Dr Ste 901 – Durham, NC 27707 – (919) 489-0804 – View Map - Nationwide Insurance: Andrew F Jones
5242 Roxboro Rd Ste C – Durham, NC 27712 – (919) 477-7666 – View Map - NC Farm Bureau Insurance
2902 S Miami Blvd Ste A – Durham, NC 27703 – (919) 544-4953 – View Map
Choosing the best car insurance agent should include more criteria than just a cheap quote. Any good agent in Durham should know the answers to these questions.
- Do they specialize in personal lines auto insurance in Durham?
- Are they full-time agents?
- How many years have they been established?
- Can you use your own choice of collision repair facility?
- Do the agents have professional certifications like CPCU or CIC?
- Has the agent ever had any license suspensions?
- When do they do a full risk review?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
Durham auto insurance companies
Picking the top insurance company is hard considering how many companies provide coverage in Durham. The information shown below can help you select which car insurance companies to look at purchasing from.
Top 10 Durham Car Insurance Companies Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Persistence will pay off
A few companies do not offer rate quotes online and these small insurance companies only sell coverage through local independent agencies. Low-cost Volkswagen Eos insurance in Durham can be found both online and with local Durham insurance agents, so you should compare both to get a complete price analysis.
When getting Durham auto insurance quotes online, do not buy poor coverage just to save money. In many cases, drivers have reduced comprehensive coverage or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal should be to get the best coverage possible at an affordable rate, but do not skimp to save money.
We’ve covered a lot of ways to reduce Volkswagen Eos insurance prices online in Durham. The key thing to remember is the more quotes you get, the higher the chance of saving money. Consumers may even find the biggest savings come from the smaller companies.
To learn more, take a look at these articles:
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Who Has Cheap Auto Insurance for Uber Drivers in Durham? (FAQ)
- How Much are Auto Insurance Rates for 19 Year Olds in Durham? (FAQ)
- Who Has Affordable Car Insurance for First-time Drivers in Durham? (FAQ)
- Who Has Affordable Auto Insurance Rates for a Hyundai Sonata in Durham? (FAQ)
- Who Has the Cheapest Durham Auto Insurance for Hybrid Vehicles? (FAQ)
- Who Has Cheap Durham Auto Insurance Quotes for Drivers Over Age 50? (FAQ)
- Child Safety Seats (Insurance Information Institute)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Choosing a Car for Your Teen (State Farm)
- Distracted Driving (Insurance Information Institute)