A recent insurance study discovered that most Texas insurance customers have stayed with the same insurance company for four years or more, and practically 40% of insurance customers have never compared rates with other companies. Most drivers in the U.S. could save almost 47% every year by just comparing quotes, but they assume it’s a waste of time to shop around.
The best way to get the cheapest Volkswagen Eos insurance in El Paso is to start comparing prices regularly from insurers in Texas.
- Step 1: Try to learn about auto insurance and the measures you can control to lower rates. Many policy risk factors that result in higher prices such as inattentive driving and an imperfect credit score can be remedied by being financially responsible and driving safely.
- Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like GEICO or Allstate, while independent agents can quote rates for a wide range of insurance providers. View rates
- Step 3: Compare the new quotes to your existing policy to determine if switching companies saves money. If you can save some money and decide to switch, verify that coverage does not lapse between policies.
- Step 4: Provide notification to your current agent or company of your intent to cancel your current coverage. Submit a down payment along with a completed application for your new policy. When you receive it, keep your new certificate verifying coverage with your registration paperwork.
The key thing to know about shopping around is that you’ll want to make sure you compare the same liability limits and deductibles on each quote request and and to compare as many carriers as you can. This helps ensure an accurate price comparison and the best price selection.
Rates and detailed analysis
The rate table displayed next outlines detailed analysis of insurance costs for Volkswagen Eos models. Learning how insurance rates are determined can be useful when making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $356 | $788 | $496 | $30 | $148 | $1,818 | $152 |
| EOS Luxury Turbo 2-Dr Convertible | $356 | $788 | $496 | $30 | $148 | $1,818 | $152 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rate quotes do not factor in garaging location in El Paso which can affect auto insurance rates greatly.
The illustration below shows how choosing a deductible and can raise or lower Volkswagen Eos insurance prices for different ages of insureds. The rates are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.
Difference between liability only and full coverage rates
The example below illustrates the difference between Volkswagen Eos insurance costs when comparing full coverage to liability only. The information is based on no claims or driving citations, $100 deductibles, drivers are not married, and no other discounts are factored in.
When to switch to liability coverage only
There is no definitive rule that works best for making the decision to drop physical damage insurance, but there is a broad guideline. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
For example, let’s say your Volkswagen Eos settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $4,000 after you pay the deductible. If you are paying over $400 a year for comprehensive and collision coverage, then you might consider buying liability only.
There are some cases where dropping full coverage is not advised. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage.
Slash rates with these eight discounts
Properly insuring your vehicles can get expensive, but companies offer discounts that may help make it more affordable. Some trigger automatically at the time of purchase, but some discounts are required to be specifically requested before they will apply.
- Drive Less and Save – Fewer annual miles on your Volkswagen could qualify for lower premium rates on the low mileage vehicles.
- Lower Rates for Military – Having an actively deployed family member could be rewarded with lower premium rates.
- ABS Braking Discount – Cars with ABS braking systems or traction control can stop better under adverse conditions and will save you 10% or more on Eos insurance in El Paso.
- El Paso Homeowners Pay Less – Being a homeowner can save you money because it shows financial diligence.
- Accident Forgiveness – This one isn’t a discount, but certain companies allow you one accident before your rates go up so long as you haven’t had any claims prior to being involved in the accident.
- Clubs and Organizations – Being a member of qualifying clubs or civic groups can get you a small discount on your bill.
- Safety Course Discount – Taking part in a course in safe driver could cut 5% off your bill if you qualify.
- More Vehicles More Savings – Buying insurance for primary and secondary vehicles on one policy can get a discount for every vehicle.
As a sidenote, many deductions do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as liability and collision coverage. Despite the fact that it seems like you could get a free auto insurance policy, nobody gets a free ride.
The information below visualizes the comparison of Volkswagen Eos premium costs with and without discounts. The rate quotes are based on a male driver, no violations or claims, Texas 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 multi-policy, homeowner, safe-driver, multi-car, claim-free, and marriage discounts applied.
Car insurance companies that may have some of the above discounts include:
If you are trying to find affordable Volkswagen Eos insurance quotes, ask all the companies how you can save money. Some of the earlier mentioned discounts may not be offered in El Paso. To choose insurance companies with the best discounts in Texas, click here.
Specific coverage details
Knowing the specifics of insurance helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by insurance companies.
Medical payments and PIP coverage – Med pay and PIP coverage provide coverage for bills like surgery, funeral costs and hospital visits. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage
Comprehensive auto coverage – Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as fire damage, vandalism, a tree branch falling on your vehicle, damage from getting keyed and hitting a deer. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Volkswagen Eos.
Due to the fact that many Texas drivers have only the minimum liability required by law (which is 30/60/25), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these limits do not exceed the liability coverage limits.
Collision coverage – Collision insurance covers damage to your Eos caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for things like sideswiping another vehicle, colliding with a tree and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to increase the deductible on your Eos to get cheaper collision coverage.
Auto liability insurance – This will cover injuries or damage you cause to other people or property that is your fault. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 30/60/25 that translate to $30,000 bodily injury coverage, a total of $60,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage protects against things like legal defense fees, court costs, structural damage and emergency aid. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible. Texas state minimum liability requirements are 30/60/25 but you should consider buying more coverage.
The next chart demonstrates why low liability limits may not be enough coverage.
The best rates come from being thorough
When you buy El Paso car insurance online, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many situations where someone dropped collision coverage and found out when filing a claim that the small savings ended up costing them much more. Your strategy should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.
We covered some good ideas how you can save on Volkswagen Eos insurance in El Paso. The most important thing to understand is the more you quote El Paso car insurance, the more likely it is that you will get a better rate. You may even find the best prices are with some of the smallest insurance companies. They may only write in your state and offer lower rates as compared to the big name companies such as GEICO and State Farm.
To read more, link through to these articles:
- Things to Know Before you Cancel Insurance (Allstate)
- Senior Drivers (Insurance Information Institute)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- What if I Can’t Find Coverage? (Insurance Information Institute)
- Comprehensive Coverage (Liberty Mutual)