Cheapest Quotes for Volkswagen Touareg Insurance in Jacksonville

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Insurance for Volkswagen TouaregHow long has it been since you sat down and looked for cheaper Volkswagen Touareg insurance in Jacksonville? Searching for better insurance prices for a Volkswagen Touareg in Florida can be a painful process, but you can use a few tricks to save time.

There is a better way to shop for car insurance so we're going to tell you the proper way to get price quotes for a new or used Volkswagen and obtain the lowest possible price from Jacksonville insurance agents and online providers.

It's a great practice to do rate comparisons once or twice a year due to the fact that insurance prices are adjusted regularly by insurance companies. Even if you got the lowest quotes on Volkswagen Touareg insurance in Jacksonville a year ago other companies may now be cheaper. There is too much inaccurate information about Touareg insurance on the internet, but in a few minutes you can learn some of the best ways to find cheap car insurance in Jacksonville.

Reducing your Volkswagen Touareg insurance rates can be quick and easy. All that's required is to take the time getting comparison quotes to find out which insurance company has the cheapest Volkswagen Touareg rate quotes.

The companies in the list below are our best choices to provide quotes in Florida. If several companies are displayed, we suggest you visit as many as you can to get the best price comparison.

Volkswagen Touareg insurance analysis

The rate information displayed next showcases different rate quotes for Volkswagen Touareg models. Learning more about how policy rates are formulated can help guide drivers when making smart choices when buying a policy.

Volkswagen Touareg Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Touareg 3 Turbo Diesel AWD 4-Dr $284 $612 $472 $28 $142 $1,538 $128
Touareg 3.6 AWD 4-Dr $284 $612 $472 $28 $142 $1,538 $128
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rate information does not factor in garaging location in Jacksonville which can increase or decrease rates noticeably.

Rate comparison for different deductibles

When comparing car insurance rates, the most common question is which deductible level should you buy. The comparisons below help summarize the costs and benefits between high and low physical damage coverage deductibles. The first pricing table uses a $100 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.

Volkswagen Touareg insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Touareg 3 Turbo Diesel AWD 4-Dr $452 $880 $418 $24 $124 $1,923 $160
Touareg 3.6 AWD 4-Dr $452 $880 $418 $24 $124 $1,923 $160
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Volkswagen Touareg insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Touareg 3 Turbo Diesel AWD 4-Dr $330 $594 $418 $24 $124 $1,490 $124
Touareg 3.6 AWD 4-Dr $330 $594 $418 $24 $124 $1,490 $124
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Information does not factor in specific Jacksonville garaging location which can lower or raise premium rates substantially.

Based on these figures, using a $100 deductible will cost you about $36 more each month or $432 every year than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at least 11 months between claims, you would more than likely save some money if you choose the higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $100 deductibles: $160
Average monthly premium for $500 deductibles (subtract): - $124
Monthly savings from raising deductible: $36
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $36
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

One important caveat is that higher deductibles results in having to pay to pay more out-of-pocket when you have to file a claim. That will force you to have enough extra savings in order to pay the deductible.

Safe drivers pay less for car insurance

The illustration below illustrates how traffic citations and at-fault fender-benders increase Volkswagen Touareg insurance costs for different age categories. Data assumes a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.

How Insurance Companies Determine Volkswagen Touareg Insurance Prices

Many things are used in the calculation when you get a price on insurance. Most are fairly basic such as your driving history, but some are not as apparent such as your credit history or how safe your car is. An important part of buying insurance is that you know some of the things that help determine car insurance rates. When consumers understand what determines base rates, this allows you to make educated decisions that can earn you lower car insurance prices.

The following are some of the major factors companies use to determine your prices.

Bump up comp and collision deductibles to lower rates - Comprehensive and collision coverage deductibles define how much you are willing to pay if a claim is determined to be covered. Physical damage insurance, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some instances where coverage would apply would be a windshield broken by a bird, damage from fire, and damage from wind. The more damage repair cost you're willing to pay, the lower your rates will be.

Don't skimp on liability coverage - Your car insurance policy's liability coverage is the protection when you are responsible for damages from an accident. It will provide legal defense coverage to defend your case. This coverage is very inexpensive as compared to coverage for physical damage, so do not skimp.

Drive less and save - Driving a lot of miles annually the more you'll pay to insure your vehicle. A lot of companies charge rates based upon how you use the vehicle. Cars and trucks left parked in the garage receive lower rates than those that get driven frequently. Having the wrong rating on your Touareg is just wasting money. It's a smart idea to ensure your declarations sheet shows the correct driver usage.

Cut rates and deter theft - Owning a car with a theft deterrent system can save you a little every year. Theft prevention features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder auto theft.

Volkswagen Touareg claim data - Companies use historical loss data to calculate a rate that will offset losses. Vehicles that the statistics show to have higher claim amounts or frequency will cost more for specific coverages. The table below demonstrates the actual insurance loss data for Volkswagen Touareg vehicles.

For each type of coverage, the claim amount for all vehicles as a whole is a value of 100. Values that are 100 or less indicate a favorable loss history, while percentage numbers above 100 indicate more frequent losses or larger claims.

Insurance Loss Ratings for Volkswagen Touareg Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volkswagen Touareg 4dr 4WD 131 115 133 56 65 87
BETTER
AVERAGE
WORSE

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

Why you need auto insurance

Despite the high insurance cost for a Volkswagen Touareg in Jacksonville, auto insurance is required in Florida but it also protects you in many ways.

  • Most states have mandatory liability insurance requirements which means state laws require specific limits of liability insurance coverage in order to drive the car. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you took out a loan on your Volkswagen, most banks will make it mandatory that you have comprehensive coverage to ensure they get paid if you total the vehicle. If you default on your policy, the bank may buy a policy for your Volkswagen at a significantly higher premium and force you to pay much more than you were paying before.
  • Insurance safeguards not only your Volkswagen Touareg but also your assets. It will also provide coverage for medical bills that are the result of an accident. As part of your policy, liability insurance will also pay attorney fees if someone files suit against you as the result of an accident. If you have damage to your Volkswagen as the result of the weather or an accident, your auto insurance policy will pay to repair the damage minus the deductible amount.

The benefits of insuring your Touareg more than offset the price you pay, especially for larger claims. According to a 2015 survey, the average American driver overpays as much as $750 every year so you should quote and compare rates at least once a year to help ensure money is not being wasted.