Volkswagen Beetle Insurance Rate Quotes in Cincinnati

Discount Volkswagen Beetle insuranceTrying to find lower-priced Volkswagen Beetle insurance in Cincinnati? Pretty sure you bought an expensive auto insurance policy? Trust us, many Cincinnati drivers have buyer’s remorse.

Sad but true, a large majority of auto insurance policyholders have remained with the same auto insurance company for a minimum of four years, and roughly 40% of drivers have never compared rate quotes at all. The average driver in Ohio can save roughly $729 each year just by getting comparison quotes, but most just don’t grasp the benefits if they bought a different policy. There is such a variety of insurance companies to buy insurance from, and even though it’s nice to have a selection, too many choices makes it more difficult to find the best rates for your vehicles.

Smart consumers take time to quote other rates on a regular basis because auto insurance prices fluctuate regularly. Even if you think you had the best rate on Volkswagen Beetle insurance in Cincinnati two years ago you can probably find a lower rate today. There is lot of inaccurate information about Beetle insurance on the web, but I’m going to show you some guaranteed methods to save money.

Locating the most cost-effective insurance policy in Cincinnati can be made easier if you know where to look. If you already have coverage or just want cheaper rates, use these cost-cutting techniques to reduce premiums without reducing coverage. Comparison shoppers just need to use the proper way to shop over the internet.

Informed Consumers Know How to Find Auto Insurance More Affordably

Part of the auto insurance buying process is learning the different types of things that are used to determine the price you pay for auto insurance. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that may reward you with better auto insurance rates. Multiple criteria are part of the calculation when you get your auto insurance bill. Most are fairly basic such as your driving record, but other factors are not as apparent like your vehicle usage or how safe your car is.

Shown below are most of the major factors companies use to determine premiums.

Gender and car insurance – Statistics show that men are more aggressive behind the wheel. However, don’t assume that women are BETTER drivers than men. Both genders get in auto accidents at a similar rate, but the males cause more damage. Men also tend to receive more costly citations like reckless driving and DUI. Male teenagers cause the most accidents and therefore pay the highest rates.

The example below illustrates the difference between Volkswagen Beetle auto insurance rates for male and female drivers. The data is based on no claims or driving violations, comp and collision included, $500 deductibles, marital status is single, and no discounts are applied to the premium.

Bundle policies to earn discounts – Most insurance companies allow lower prices to people who have multiple policies with them. It’s known as a multi-policy discount. The discount can be anywhere from five to ten percent in most cases. Even if you qualify for this discount already, it’s always a smart idea to compare other company rates to guarantee you are still saving the most.

Teen drivers cost more – Beginning drivers in Ohio have a tendency to be inattentive when driving with friends and because of this, their auto insurance rates are much higher. Adding a teenage driver onto your auto insurance can be very expensive. Mature drivers are viewed as being more responsible, cause fewer claims and accidents, and usually have better credit.

The next chart uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

Safer vehicles means cheaper prices – Safe vehicles cost less to insure. Safer cars have better occupant injury protection and lower injury rates translates into fewer and smaller insurance claims which can result in lower premiums.

Where you reside plays a part – Living in a small town may provide you with better prices when talking about auto insurance. Fewer drivers on the road means a lower chance of having an accident in addition to fewer liability claims. Urban drivers have to deal with more traffic problems and a longer drive to work. More time on the road translates into higher accident risk.

Vocation reflects on premiums – Jobs such as military personnel, airline pilots, and medical professionals tend to pay the highest rates attributed to job stress and incredibly demanding work hours. On the other hand, occupations like scientists, historians and retirees pay the least.

Higher physical damage deductibles are cheaper – The deductibles you choose represent how much money you are willing to pay out-of-pocket before your auto insurance pays a claim. Physical damage protection, termed comprehensive and collision coverage on your policy, insures against damage to your car. Some examples of claims that would be covered are a windshield broken by a bird, damage from fire, or theft of your vehicle. The larger the amount the insured is willing to pay, the bigger discount you will receive.

Volkswagen Beetle insurance loss statistics – Auto insurance companies use statistical claims data to help calculate premium prices. Vehicles that have increased losses will cost more to insure.

The information below illustrates the insurance loss data used by companies for Volkswagen Beetle vehicles. For each coverage category, the claim probability for all vehicles, regardless of manufacturer or model, is a value of 100. Values below 100 imply a favorable loss record, while numbers above 100 indicate higher probability of having a loss or an increased likelihood of larger losses.

Auto Insurance Loss Data for Volkswagen Beetle Models
Specific Volkswagen Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volkswagen Beetle 101 93 101 85 95 101
Volkswagen Beetle Convertible 85 78 95 76 89 79

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Volkswagen Beetle insurance rate analysis

The premium table displayed below highlights different insurance coverage prices for Volkswagen Beetle models. Having insight into how rate quotes are figured helps drivers make decisions when shopping around.

Volkswagen Beetle Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Beetle S 2-Dr Hatchback $120 $234 $196 $12 $58 $620 $52
Beetle 2-Dr Convertible $156 $276 $152 $10 $46 $640 $53
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Price estimates do not factor in the specific area where the vehicle is garaged which can affect price quotes considerably.

Physical damage deductible comparison

One common question asked by Cincinnati drivers is at what level do you set your deductibles. The figures shown below can help you understand the premium difference when you select higher and lower comp and collision deductibles. The first rate estimation uses a $250 physical damage deductible and the second rate table uses a $1,000 deductible.

Volkswagen Beetle insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Beetle S 2-Dr Hatchback $152 $296 $192 $12 $58 $735 $61
Beetle 2-Dr Convertible $198 $348 $150 $10 $44 $775 $65
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Volkswagen Beetle insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Beetle S 2-Dr Hatchback $94 $186 $192 $12 $58 $542 $45
Beetle 2-Dr Convertible $122 $220 $150 $10 $44 $546 $46
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in vehicle location which can revise price quotes greatly.

We can derive from the above data that using a $250 deductible will cost you approximately $17 more each month or $204 each year averaged for all Beetle models than buying the higher $1,000 deductible. Because you would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 44 months between claims, you would probably be better off if you opt for a higher deductible.

How much more does full coverage cost in Cincinnati?

The diagram below illustrates the difference between Volkswagen Beetle insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are not married, and no other discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no definitive guideline of when to stop paying for physical damage insurance, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Volkswagen Beetle replacement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $5,000 after the policy deductible has been paid. If it’s costing in excess of $500 a year for your policy with full coverage, then it could be time to drop full coverage.

There are some circumstances where removing full coverage is not a good plan. If you still have a loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

Cincinnati insurance discounts

Companies don’t necessarily list all possible discounts very clearly, so we break down some of the best known in addition to some of the lesser obvious credits available to you.Insurance discounts

Please keep in mind that many deductions do not apply to your bottom line cost. Most only apply to individual premiums such as comp or med pay. Despite the fact that it seems like adding up those discounts means a free policy, nobody gets a free ride.

The information below compares Volkswagen Beetle annual premium costs with and without discounts applied. The prices are based on a male driver, no claims or driving violations, Ohio 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-policy, homeowner, marriage, safe-driver, and multi-car discounts applied.

If you would like to view insurance companies offering insurance discounts in Cincinnati, follow this link.

What is YOUR best insurance company?

When you buy Cincinnati auto insurance online, do not skimp on critical coverages to save a buck or two. There have been many situations where someone dropped liability limits or collision coverage and found out when filing a claim they didn’t purchase enough coverage. Your objective should be to buy enough coverage at the best price, not the least amount of coverage.

You just read quite a bit of information on how to compare Volkswagen Beetle insurance premium rates in Cincinnati. The key concept to understand is the more times you quote, the higher your chance of finding affordable Cincinnati auto insurance quotes. Drivers may even discover the biggest savings come from some of the smallest insurance companies. Some small companies may have significantly lower prices on certain market segments as compared to the big name companies such as Progressive and GEICO.

How to buy affordable Volkswagen Beetle insurance in Cincinnati

Really, the only way to get discount Volkswagen Beetle insurance is to compare prices once a year from companies in Cincinnati. You can shop around by following these guidelines.

First, spend some time learning about how companies price auto insurance and the things you can control to prevent expensive coverage. Many rating factors that result in higher prices such as speeding tickets, careless driving and an unacceptable credit history can be remedied by making minor changes to your lifestyle.

Second, quote rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like Progressive or State Farm, while independent agencies can provide price quotes for a wide range of insurance providers.

Third, compare the new rates to the price on your current policy and see if you can save money. If you can save money, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, notify your agent or company of your intent to cancel the current policy and submit payment and a completed application to your new company or agent. As soon as you can, put the new proof of insurance certificate in an easily accessible location in your vehicle.

A valuable tip to remember is to try to compare similar coverage information on every price quote and and to get rates from as many car insurance companies as possible. This ensures the most accurate price comparison and a complete price analysis.

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