Compare Volkswagen CC Insurance Quotes in Charlotte

Saving money on Volkswagen CC insurance in Charlotte is always slightly frustrating for beginners to comparison shopping online. With a ridiculous number of insurers to choose from, it can be a difficult challenge to find more affordable coverage rates on Volkswagen CC insurance.

Shocking but true, 70% of consumers renewed their policy with the same company for more than four years, and almost half have never even compared rates from other companies. The average driver in North Carolina could save an average of as much as $94 each year just by shopping around, but they just assume it takes a lot of time to go online and compare rates.

Volkswagen CC insurance coverage information

The premium information displayed below highlights different insurance prices for Volkswagen CC models. Being able to understand how insurance rates are determined can assist in making decisions on the best policy to buy.

Data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rate information does not factor in zip code location which can lower or raise auto insurance rates considerably.

Car insurance deductibles

One of the hardest decisions when shopping for car insurance is how high should the deductibles for physical damage be. The premium rates below show how much more you’ll pay when you select higher and lower comp and collision deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Prices based on 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-policy, multi-vehicle, and claim-free. Rates do not factor in specific location information which can alter coverage prices significantly.

We can estimate from the data above that using a $100 deductible could cost the average driver approximately $20 more each month or $240 every year than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at least 20 months between claims, you would probably save some money if you choose the higher deductible.

One thing to be aware of is that higher deductibles results in having to pay to pay more out-of-pocket when you do file a claim. You need to make sure you have enough money stashed away in order to pay the deductible.

The information below illustrates how choosing a deductible and can change Volkswagen CC insurance prices for each age group. The data assumes a married female driver, full physical damage coverage, and no discounts are taken into consideration.

Full coverage versus liability-only in Charlotte

The example below visualizes the comparison of Volkswagen CC auto insurance rates when comparing full coverage to liability only. The rate quotes are based on no claims, a clean driving record, $500 deductibles, drivers are not married, and no discounts are factored in.

Guidelines for dropping full coverage

There is no definitive guideline to eliminate physical damage coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s say your Volkswagen CC settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $8,000 after paying the physical damage deductible. If you are paying over $800 a year for full coverage, then it might be time to consider dropping full coverage.

There are some conditions where removing full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.

What Affects Volkswagen CC Insurance Costs?

Lots of factors are taken into consideration when you get your auto insurance bill. Some are pretty understandable like an MVR report, but other criteria are more obscure such as whether you are married or your commute time. Part of the insurance buying process is learning the factors that come into play when calculating the price you pay for insurance. If you understand what controls the rates you pay, this enables you to make decisions that can earn you lower insurance prices.

The items below are a few of the things used by insurance companies to determine rates.

• Premiums drop with age – Older insureds are more cautious drivers, are lower risk to insure, and tend to be get fewer driving tickets. Teenage drivers are statistically proven to be inattentive and easily distracted when driving with friends and because of this, their insurance rates are much higher.

  The data below is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

• Vocation impacts rates – Did you know your insurance rates can be affected by your occupation? Careers such as doctors, social workers, and medical professionals usually pay higher premium rates in part from high stress levels and lengthy work days. On the flip side, careers such as actors, athletes and the unemployed get better rates.
• Avoid unnecessary extra coverages – Policies have additional coverages that you can get tricked into buying if you don’t pay attention. Add-on coverages like coverage for rental cars, accident forgiveness, and additional equipment coverage are probably not needed. These coverages may sound good when discussing your needs, but if you’ve never needed them in the past eliminate them to save money.

• Gender and insurance coverage – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. The data does not necessarily mean that women are better drivers. Females and males cause accidents in similar percentages, but the men cause more damage and cost insurance companies more money. Men also get ticketed for serious violations like DUI and reckless driving.

  The information below illustrates the comparison of Volkswagen CC insurance costs for male and female drivers. The premiums are based on no claims or driving violations, comp and collision included, $100 deductibles, drivers are single, and no other discounts are factored in.

• Save money with responsible credit – A driver’s credit score can be a huge factor in your rate calculation. People that have excellent credit tend to be less risk to insure as compared to drivers with lower credit ratings. Therefore, if your credit rating is not that good, you could be paying less to insure your Volkswagen CC by spending a little time repairing your credit.

• Volkswagen CC insurance claim data – Auto insurance companies study historical loss data to determine a price that will be profitable for them. Vehicles that the data determines to have higher number or severity of losses will cost more for specific coverages. The next table illustrates the insurance loss data used by companies for Volkswagen CC vehicles.

  For each type of coverage, the statistical loss for all vehicles, without regard to make or model, is equal to 100. Numbers below 100 indicate a favorable loss history, while numbers shown that are more than 100 show a trend for more claims or statistically larger losses.

  
  

  Volkswagen CC Insurance Claim Statistics

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Volkswagen CC 2WD	132	99	119	99	108	103
  Volkswagen CC 4WD	162		134

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Don’t give up on cheaper rates

As you restructure your insurance plan, do not buy less coverage just to save a little money. There are a lot of situations where an insured dropped physical damage coverage only to find out they didn’t have enough coverage. Your goal should be to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

A few companies may not offer online price quotes and most of the time these small, regional companies sell through independent insurance agencies. Discount Volkswagen CC insurance is definitely available from both online companies and also from your neighborhood Charlotte agents, so you need to compare both in order to have the best chance of saving money.

We just covered quite a bit of information on how to save on Volkswagen CC insurance in Charlotte. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. You may even find the most savings is with the smaller companies.

How to find the cheapest rates for Volkswagen CC insurance in Charlotte

If your goal is the lowest price, then the best way to get more affordable Volkswagen CC insurance is to make a habit of comparing prices annually from insurance carriers who provide car insurance in Charlotte. You can compare rates by completing these steps.

First, get an understanding of auto insurance and the factors you can control to drop your rates. Many risk factors that drive up the price like tickets, at-fault accidents, and a substandard credit history can be controlled by improving your driving habits or financial responsibility.

Second, get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO or Farmers Insurance, while agents who are independent can provide rate quotes for many different companies.

Third, compare the quotes to your current policy to see if switching to a new carrier will save money. If you can save money, verify that coverage does not lapse between policies.

Fourth, notify your company or agent to cancel your current auto insurance policy and submit a down payment along with a completed application to your new company or agent. Immediately place your new proof of insurance paperwork with your vehicle’s registration.

An essential thing to point out is that you’ll want to make sure you compare similar deductibles and liability limits on each quote and and to get rate quotes from as many auto insurance providers as possible. Doing this guarantees an apples-to-apples comparison and the best price selection.

Additional auto insurance information is located at these links:

• Vehicle Insurance (Wikipedia)
• Who Has the Cheapest Charlotte Car Insurance Rates for a Subaru Outback? (FAQ)
• What Car Insurance is Cheapest for a Honda CR-V in Charlotte? (FAQ)
• How Much are Charlotte Auto Insurance Rates for First-time Drivers? (FAQ)
• What Auto Insurance is Cheapest for Electric Cars in Charlotte? (FAQ)
• What Insurance is Cheapest for Police Officers in Charlotte? (FAQ)
• Uninsured Motorists: Threats on the Road (Insurance Information Institute)
• Auto Insurance FAQ (Farmers Insurance)
• Side Impact Crash Tests (iihs.org)
• New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)