The best way we recommend to get budget Volkswagen Beetle insurance is to start comparing prices regularly from insurance carriers that insure vehicles in Fort Worth. Prices can be compared by completing these steps.
Step 1: Read about individual coverages and the steps you can take to prevent expensive coverage. Many factors that result in higher rates such as traffic citations, accidents, and an unacceptable credit score can be amended by making minor changes in your lifestyle.
Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from a single company like GEICO and Allstate, while independent agencies can provide prices from multiple insurance companies.
Step 3: Compare the price quotes to your existing coverage to determine if switching companies saves money. If you can save some money, make sure 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 the application along with any required down payment to your new company or agent. Don’t forget to place your new certificate verifying coverage in your glove compartment.
The key thing to remember is to try to use identical limits and deductibles on each price quote and and to get rate quotes from as many car insurance companies as possible. This ensures an accurate price comparison and maximum price selection.
It’s an obvious assumption that car insurance companies don’t want you comparing rates. Insureds who shop around for cheaper prices are very likely to move their business because of the good chance of finding a policy with more affordable rates. A recent survey discovered that drivers who shopped around annually saved $3,400 over four years compared to other drivers who never compared prices.
If saving money on insurance is your objective, learning how to get price quotes and compare insurance can help make the process easier.
When price shopping your coverage, getting more free quotes provides better odds of finding the best rates.
The following companies have been selected to offer free rate quotes in Texas. If several companies are displayed, we suggest you get rate quotes from several of them in order to find the most competitive rates.
Car insurance analysis for a Volkswagen Beetle
The premium information below highlights estimates of coverage prices for Volkswagen Beetle models. Being able to understand how policy premiums are established is important for you to make smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $246 | $610 | $366 | $22 | $110 | $1,354 | $113 |
| Beetle 2-Dr Convertible | $318 | $718 | $284 | $16 | $86 | $1,422 | $119 |
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Information does not factor in vehicle garaging location which can modify rates substantially.
Analysis of deductible levels
One of the most common car insurance questions is where should you set your physical damage deductibles. The rates shown below can help you understand the rate fluctuation when you choose different insurance deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $256 | $496 | $324 | $20 | $96 | $1,217 | $101 |
| Beetle 2-Dr Convertible | $332 | $584 | $252 | $14 | $76 | $1,283 | $107 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $158 | $312 | $324 | $20 | $96 | $910 | $76 |
| Beetle 2-Dr Convertible | $206 | $368 | $252 | $14 | $76 | $916 | $76 |
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in specific zip code location which can decrease or increase auto insurance rates greatly.
Based on the data above, we can derive that using a $250 deductible will cost you approximately $28 more each month or $336 every year than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 27 months between claims, you would probably come out ahead if you choose a higher deductible.
The information below highlights how deductible choice and can influence Volkswagen Beetle insurance prices for different age groups of insureds. The prices are based on a single female driver, comp and collision included, and no additional discounts are factored in.
Rate comparison of full coverage and liability-only
The illustration below visualizes the comparison of Volkswagen Beetle yearly insurance costs with and without full coverage. The data assumes a clean driving record, no claims, $1,000 deductibles, single status, and no other discounts are factored in.
Guidelines for eliminating full coverage
There is no written rule to stop paying for physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let’s assume your Volkswagen Beetle settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $4,000 after paying your deductible. If it’s costing you more than $400 annually for full coverage, then it might be time to consider dropping full coverage.
There are some conditions where eliminating full coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.
Car insurance is not optional but you don’t have to overpay
Despite the fact that car insurance is not cheap in Fort Worth, car insurance is required in Texas but it also protects you in many ways.
- Almost all states have minimum liability requirements which means you are required to buy a minimum amount of liability coverage in order to drive the car legally. In Texas 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.
- If you have a lien on your vehicle, most lenders will require you to buy insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the lender may have to buy a policy to insure your Volkswagen at a more expensive rate and require you to reimburse them much more than you were paying before.
- Car insurance preserves both your Volkswagen Beetle and your assets. It will also reimburse you for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney in the event you are sued. If your Volkswagen gets damaged, your policy will pay all costs to repair after the deductible has been paid.
The benefits of having car insurance more than cancel out the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer overpays as much as $869 every year so you should quote your policy with other companies each time the policy renews to save money.
Why You Might Pay Increased Rates in Fort Worth
Lots of factors are part of the equation when you quote your car insurance policy. Some factors are common sense such as traffic violations, although others are more obscure such as your marital status or your commute time.
The following are some of the most common factors used by your company to calculate rates.
Better drivers pay lower prices – Whether or not you get tickets has a lot to do with how much you pay for insurance. Just one driving citation can increase rates substantially. Attentive drivers pay lower auto insurance prices than their less careful counterparts. Drivers who get dangerous citations such as DWI, reckless driving or hit and run convictions may be required to file a proof of financial responsibility form (SR-22) with their state in order to prevent their license from being revoked.
The chart below illustrates how speeding tickets and at-fault collisions drive up Volkswagen Beetle auto insurance rates for each age group. The information is based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
Alarms and GPS tracking lowers insurance rates – Driving a car with an alarm system can help lower your rates. Theft prevention devices such as OnStar, LoJack tracking, and tamper alarms all aid in stopping auto theft.
Defend yourself with liability insurance – Liability coverage kicks in in the event that a jury decides you are liable for damages from an accident. Your policy’s liability insurance provides for a legal defense starting from day one. This coverage is relatively inexpensive compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
Premiums are affected by your credit rating – Your credit rating is a big factor in calculating your premium rate. If your credit rating is not that good, you could potentially save money when insuring your Volkswagen Beetle if you clean up your credit. Consumers who have high credit ratings tend to be better drivers and file fewer claims than drivers with poor credit.
Drive a fast car, truck or SUV and pay more – The type of car you drive makes a significant difference in your premium level. Low performance passenger models usually have the lowest rates, but other factors influence the final cost greatly.
The data below uses these variables: single female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It shows Volkswagen Beetle insurance premiums compared to other vehicles that have different risk factors.
Multiple policies with one company can save – The majority of companies apply discounts to insureds that purchase more than one policy in the form of a multi-policy discount. This can amount to ten or even fifteen percent. If you currently are using one company, it’s always a smart idea to compare other company rates to ensure the best deal.There is a good possibility that you can find lower rates even if you have your coverage with different companies
Insurance losses for a Volkswagen Beetle – Insurers analyze the history of losses when they file their rates in each state. Models that historically have higher losses will have increased rates.
The table below outlines the actual insurance loss data for Volkswagen Beetle vehicles. For each policy coverage type, the claim probability for all vehicles compiled together is a value of 100. Numbers under 100 are indicative of better than average losses, while percentages above 100 point to more claims or a tendency for losses to be larger than average.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Volkswagen Beetle | 101 | 93 | 101 | 85 | 95 | 101 |
| Volkswagen Beetle Convertible | 85 | 78 | 95 | 76 | 89 | 79 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Find affordable auto insurance prices by comparing often
As you restructure your insurance plan, make sure you don’t buy poor coverage just to save money. Too many times, an insured dropped collision coverage and learned later that it was a big error on their part. Your focus should be to buy a smart amount of coverage at the lowest possible cost, but do not sacrifice coverage to save money.
Affordable Volkswagen Beetle insurance in Fort Worth is attainable from both online companies and from local insurance agents, and you should be comparing both so you have a total pricing picture. Some insurance providers may not offer rate quotes online and usually these smaller companies sell through independent insurance agencies.
More tips and info about auto insurance is located at these sites:
- Drunk Driving Statistics (Insurance Information Institute)
- How Much is Car Insurance for a 20 Year Old Female in Fort Worth? (FAQ)
- Who Has Affordable Car Insurance for First-time Drivers in Fort Worth? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for College Graduates in Fort Worth? (FAQ)
- Who Has the Cheapest Auto Insurance for a Subaru Outback in Fort Worth? (FAQ)
- What Car Insurance is Cheapest for Welfare Recipients in Fort Worth? (FAQ)
- What Auto Insurance is Cheapest for a Learners Permit in Fort Worth? (FAQ)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- All About Airbag Safety (State Farm)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)