Would you like to save money by finding more affordable Volkswagen Beetle insurance in Charlotte? Finding more affordable premium rates on Volkswagen Beetle insurance in Charlotte may be difficult for people who are beginners to comparison shopping online. Consumers have so many options that it can easily turn into a difficult mission to find the best premium rates.
How to find cheaper Volkswagen Beetle insurance in Charlotte
If you want to find the absolute lowest rates, then the best way to get low-cost Volkswagen Beetle insurance in Charlotte is to compare quotes once a year from companies in North Carolina.
First, take a few minutes and learn about how your policy works and the measures you can control to prevent high rates. Many policy risk factors that cause high rates like your driving record and a low credit rating can be rectified by improving your driving habits or financial responsibility. Keep reading for additional tips to get affordable coverage and get bigger discounts that may have been overlooked.
Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can give quotes from a single company like GEICO and State Farm, while independent agents can give you price quotes from multiple sources.
Third, compare the quotes to your current policy and determine if there is any savings. If you can save some money, ensure coverage does not lapse between policies.
One piece of advice is to try to use similar coverage information on each quote request and and to get rate quotes from as many different insurance providers as possible. Doing this helps ensure a level playing field and the best rate selection.
Shockingly, 70% of consumers have been with the same company for well over three years, and 38% of customers have never even shopped around for cheaper coverage. Most drivers in the U.S. can save up to 47% each year just by comparing rates, but they feel it’s too difficult to compare rates.
If you are paying for car insurance now, you will most likely be able to get lower rates using these methods. This article’s goal is to let you in on how to compare rates easily and how to save the most money. But North Carolina consumers must learn how big insurance companies compete online and use it to find better rates.
Keep in mind that comparing all the rates in your area will increase your chances of finding a lower rate. Not every company does online Charlotte Beetle insurance quotes, so it’s important to compare price estimates on coverage from those companies, too.
The car insurance companies shown below offer comparison quotes in North Carolina. In order to find the best auto insurance in North Carolina, it’s a good idea that you click on several of them to get the best price comparison.
Facts and figures for Volkswagen Beetle insurance
The rate table displayed below covers different insurance premium costs for Volkswagen Beetle models. Having a better idea how policy premiums are calculated can be valuable when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $146 | $328 | $204 | $12 | $60 | $750 | $63 |
| Beetle 2-Dr Convertible | $188 | $388 | $158 | $10 | $48 | $792 | $66 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Table data does not factor in specific garaging location which can impact rates greatly.
Should you raise deductibles?
One of the hardest decisions when shopping for car insurance is how high should the physical damage coverage deductibles be. The data tables below can help show the premium difference when you select higher and lower policy deductibles. The first table uses a $250 physical damage deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $168 | $324 | $212 | $12 | $64 | $805 | $67 |
| Beetle 2-Dr Convertible | $218 | $382 | $164 | $10 | $50 | $849 | $71 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $104 | $204 | $212 | $12 | $64 | $596 | $50 |
| Beetle 2-Dr Convertible | $134 | $240 | $164 | $10 | $50 | $598 | $50 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Premium amounts do not factor in Charlotte location which can modify premium rates noticeably.
Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $19 more each month or $228 annually across all Volkswagen Beetle models than buying the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 39 months between claims, you would come out ahead if you choose a higher deductible. The illustration below shows how you can do this calculation yourself.
| Average monthly premium for $250 deductibles: | $69 |
| Average monthly premium for $1,000 deductibles (subtract): | – $50 |
| Monthly savings from raising deductible: | $19 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $19 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 39 months |
One important caveat is that raising deductibles to save money results in more money out-of-pocket when you file a claim. That will force you to have some non-essential savings in the event you have to pay more to get your vehicle repaired.
The diagram below illustrates how your choice of deductibles and can affect Volkswagen Beetle insurance costs for different insured age categories. The data is based on a single female driver, comp and collision included, and no additional discounts are factored in.
Male drivers versus female drivers
The diagram below shows the comparison of Volkswagen Beetle yearly insurance costs for male and female drivers. The premiums assume no accidents, no driving violations, comp and collision included, $250 deductibles, marital status is single, and no discounts are factored in.
Protect your Volkswagen Beetle and other assets
Despite the high cost of buying insurance for a Volkswagen Beetle in Charlotte, insurance may not be optional for several reasons.
First, most states have mandatory liability insurance requirements which means you are required to carry specific minimum amounts of liability if you want to drive legally. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your Volkswagen Beetle, almost all lenders will make it a condition of the loan that you have comprehensive coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Volkswagen for a much higher rate and require you to reimburse them the higher premium.
Third, auto insurance preserves not only your vehicle but also your assets. It will also reimburse you for medical bills for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, will also pay to defend you if you are sued as the result of your driving. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.
The benefits of carrying adequate insurance outweigh the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver is wasting up to $825 a year so compare rates at least once a year to be sure current rates are still competitive.
Specific coverage details
Having a good grasp of your policy helps when choosing the best coverages and proper limits and deductibles. Insurance terms can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages offered by insurance companies.
Uninsured and underinsured coverage
This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and also any damage incurred to your Volkswagen Beetle.
Because many people only carry the minimum required liability limits (North Carolina limits are 30/60/25), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.
Auto collision coverage
Collision insurance pays for damage to your Beetle resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers claims like crashing into a building, sideswiping another vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible on your Beetle to bring the cost down.
Liability insurance
This will cover damages or injuries you inflict on a person or their property. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 30/60/25 that means you have a limit of $30,000 per injured person, a total of $60,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage protects against claims such as loss of income, repair bills for other people’s vehicles, attorney fees and medical expenses. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford. North Carolina requires minimum liability limits of 30/60/25 but you should think about purchasing more liability than the minimum.
The next chart demonstrates why the minimum limit may not provide you with enough coverage.
Coverage for medical payments
Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like dental work, ambulance fees and EMT expenses. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not universally available and may carry a deductible
Comprehensive coverages
This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things like hail damage, damage from flooding, falling objects, damage from a tornado or hurricane and vandalism. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.