It’s easy to assume that auto insurance companies don’t want you shop around. Insureds who compare other prices are highly likely to buy a new policy because they have good chances of finding coverage at a more affordable price. A study discovered that people who compared prices regularly saved an average of $3,500 over four years as compared to drivers who never shopped around for cheaper prices.
If saving money on Volkswagen Golf insurance in Greensboro is why you’re reading this, learning the best way to compare coverage rates can make shopping around easier.
To save the most money, the best way to get low-cost auto insurance rates in Greensboro is to compare prices at least once a year from providers in North Carolina.
- First, try to understand how auto insurance works and the changes you can make to keep rates down. Many risk factors that result in higher rates such as accidents, traffic tickets, and a low credit score can be controlled by making lifestyle changes or driving safer.
- Second, quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like GEICO and State Farm, while independent agencies can quote prices from multiple insurance companies.
- Third, compare the quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find a lower rate quote and decide to switch, verify that coverage does not lapse between policies.
- Fourth, notify your company or agent to cancel your current auto insurance policy and submit payment along with a signed and completed policy application to your new agent or company. Immediately put the new proof of insurance paperwork in your vehicle’s glove compartment or console.
The most important part of shopping around is to make sure you’re comparing the same coverage limits and deductibles on each quote request and and to get price estimates from as many carriers as you can. This provides a fair rate comparison and a thorough selection of prices.
How to get affordable Volkswagen Golf insurance in Greensboro
Finding more affordable Greensboro car insurance rates can be surprisingly simple. Consumers just need to spend a few minutes on the computer to compare rates from online providers.
The providers in the list below are ready to provide price comparisons in Greensboro, NC. To buy the cheapest auto insurance in Greensboro, NC, we recommend you click on several of them to get a more complete price comparison.
Volkswagen Golf insurance statistics and information
The information shown next highlights different policy rates for Volkswagen Golf models. Having a better idea how policy premiums are established can help guide drivers when making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Golf 2.5 2-Dr Hatchback | $118 | $240 | $250 | $14 | $74 | $696 | $58 |
| Golf 2.5 4-Dr Hatchback | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Golf 2.0T Turbo Diesel 2-Dr Hatchback | $134 | $276 | $250 | $14 | $74 | $748 | $62 |
| Golf 2.0T Turbo Diesel 4-Dr Hatchback | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rate quotes do not factor in specific location information which can increase or decrease coverage rates significantly.
Yearly insurance costs for men versus women
The illustration below compares Volkswagen Golf insurance costs for male and female drivers. The data assumes no claims or violations, comp and collision included, $1,000 deductibles, marital status is single, and no other discounts are factored in.
Best reasons to buy insurance in North Carolina
Despite the potentially high cost of Volkswagen Golf insurance, insurance may be mandatory for several reasons.
First, most states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific level of liability in order to be legal. 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 bought your vehicle with a loan, more than likely the lender will make it a condition of the loan that you buy insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the lender will be forced to insure your Volkswagen at a significantly higher premium and make you pay for the much more expensive policy.
Third, insurance protects not only your Volkswagen Golf but also your assets. It will also reimburse you for most medical and hospital costs for not only you but also any passengers injured in an accident. As part of your policy, liability insurance will also pay to defend you in the event you are sued. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of insuring your car are definitely more than the cost, especially for larger claims. Today the average American driver is overpaying more than $820 a year so smart consumers compare quotes at every renewal to help ensure money is not being wasted.
Insurance coverages and their meanings
Understanding the coverages of your policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.
Uninsured/Underinsured Motorist coverage
This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and also any damage incurred to your Volkswagen Golf.
Due to the fact that many North Carolina drivers carry very low liability coverage limits (North Carolina limits are 30/60/25), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.
Collision protection
Collision insurance pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision can pay for claims like hitting a parking meter, sideswiping another vehicle, scraping a guard rail, crashing into a building and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also raise the deductible on your Golf to get cheaper collision coverage.
Comprehensive coverage
Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, damage from flooding, damage from getting keyed, hail damage and vandalism. The most your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Auto liability
Liability coverage will cover injuries or damage you cause to other’s property or people that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 30/60/25 which stand for a limit of $30,000 per injured person, a limit of $60,000 in injury protection per accident, and $25,000 of coverage for damaged property.
Liability coverage pays for things such as repair costs for stationary objects, bail bonds and court costs. The amount of liability coverage you purchase is up to you, but buy higher limits if possible. North Carolina state minimum liability requirements are 30/60/25 but drivers should carry higher limits.
The illustration below shows why the minimum limit may not be enough.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as funeral costs, prosthetic devices, surgery, pain medications and X-ray expenses. They can be used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay