Cheap Volkswagen Touareg Insurance in Columbus

It’s an obvious statement that car insurance companies want to prevent you from shopping around. People who shop rates annually are very likely to switch auto insurance companies because there is a significant possibility of finding coverage at a cheaper rate. A survey found that drivers who made a habit of comparing rate quotes saved about $72 a month compared to people who never shopped for cheaper rates.

If finding the lowest price for auto insurance in Columbus is your goal, then learning a little about how to quote and compare coverages can help you succeed in finding affordable rates.

Insurance for Volkswagen TouaregThe easiest way to get cheaper Volkswagen Touareg insurance is to begin comparing prices regularly from providers that insure vehicles in Columbus.

An important bit of advice to remember is to compare identical limits and deductibles on each quote and and to get rates from every company you can. This enables an accurate price comparison and a complete price analysis.

Cutting your Columbus insurance rates can be surprisingly simple. Consumers just need to spend a little time to get quotes from some recommended companies.

It’s so simple to compare insurance rates online makes it obsolete to drive around to different Columbus agent offices. Quoting Volkswagen Touareg insurance online makes this unnecessary unless you want the trained advice of a local Columbus agent. You can, however, get the lowest quotes online but have your policy serviced through an agent.

The car insurance companies shown below can provide price comparisons in Columbus, OH. If multiple providers are shown, we recommend you visit several of them to find the most affordable car insurance rates.

Insurance statistics for a Volkswagen Touareg

The rate table shown below covers different insurance costs for Volkswagen Touareg models. Having a better idea how insurance policy rates are determined can help customers make smart choices when selecting a policy.

Volkswagen Touareg Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Touareg 3 Turbo Diesel AWD 4-Dr $190 $398 $214 $12 $64 $878 $73
Touareg 3.6 AWD 4-Dr $190 $398 $214 $12 $64 $878 $73
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in specific Columbus garaging location which can affect prices considerably.

Rate comparison for different deductibles

One of the more difficult decisions when buying insurance is how high should the physical damage coverage deductibles be. The following tables determine the rate difference when you buy lower versus higher insurance deductibles. The first rate table uses a $250 physical damage deductible and the second set of prices uses a $500 deductible.

Volkswagen Touareg insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Touareg 3 Turbo Diesel AWD 4-Dr $220 $400 $226 $14 $68 $953 $79
Touareg 3.6 AWD 4-Dr $220 $400 $226 $14 $68 $953 $79
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Volkswagen Touareg insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Touareg 3 Turbo Diesel AWD 4-Dr $180 $324 $226 $14 $68 $812 $68
Touareg 3.6 AWD 4-Dr $180 $324 $226 $14 $68 $812 $68
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Information does not factor in specific location which can affect insurance rates considerably.

Based on this data, using a $250 deductible costs approximately $11 more each month or $132 for a full year than requesting the higher $500 deductible. Since you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 23 months between claim filings, you would probably save some money by going with a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $79
Average monthly premium for $500 deductibles (subtract): – $68
Monthly savings from raising deductible: $11
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One important note is that increasing deductibles to save money means you pay more out-of-pocket when you have to file a claim. You need enough money stashed away in the event you have to pay the deductible for vehicle repair.

The illustration below highlights how deductible selection and can affect Volkswagen Touareg annual premium costs for each different age group. The premium estimates are based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.

Insurance cost for men versus women

The illustration below shows the comparison of Volkswagen Touareg yearly insurance costs for male and female drivers. The rates are based on no violations or accidents, full coverage, $1,000 deductibles, single marital status, and no policy discounts are applied.

How do Insurance Companies Determine Volkswagen Touareg Insurance Rates?

A large part of saving on insurance is knowing the different types of things that play a part in calculating the price you pay for insurance. If you have a feel for what determines premiums, this enables you to make decisions that could result in cheaper rates. Many factors are used in the calculation when premium rates are determined. Most are fairly basic such as your driving record, but other criteria are less obvious like your continuous coverage or your vehicle rating.

The factors shown below are some of the items used by your company to calculate your rates.

Proper usage rating affects premiums – The higher the miles on your Volkswagen in a year the more you will pay for insurance. The majority of insurers rate vehicles based upon how you use the vehicle. Autos that sit idle most of the time can get a lower rate than those that get driven frequently. It’s a good idea to make sure your policy is showing the right rating data. A policy that improperly rates your Touareg may be costing you.

Insurance rates and age – More experienced drivers are more cautious drivers, tend to file fewer claims, and are generally more financially stable. Beginning drivers have a tendency to be more careless when at the wheel of a vehicle so insurance rates are higher.

The following data uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Discounts for GPS tracking and theft deterrents – Purchasing a vehicle with anti-theft technology or alarm system can help lower your premiums. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent car theft.

A policy lapse can increase insurance rates – Letting your insurance expire will be a sure-fire way to drive up your policy premiums. Not only will you pay higher rates, failure to provide proof of insurance could result in fines and jail time.

What are your deductibles? – Comprehensive and collision coverage deductibles are how much the insured will be required to pay in the event of a claim. Protection for physical damage, also called ‘full coverage’, covers damage that occurs to your car. A few examples of covered claims would be colliding with a stationary object, fire damage, and damage caused by road hazards. The higher the amount you pay before a claim is paid (deductible), the lower your rates will be.

Credit rating impacts prices – A driver’s credit rating will be a significant factor in determining your rates. Drivers who have excellent credit scores tend to be better risks to insure than drivers who have lower credit scores. So if your credit history is low, you could potentially save money when insuring your Volkswagen Touareg by taking the time to improve your credit score.

Volkswagen Touareg historical loss data – Insurers use claims history to help determine prices. Models that statistically have higher frequency or amount of claims will have higher premium rates. The next table illustrates the insurance loss data for Volkswagen Touareg vehicles.

For each coverage category, the statistical loss for all vehicles averaged together is represented as 100. Numbers shown that are under 100 indicate better than average losses, while numbers above 100 point to more claims or an increased probability of a larger loss.

Volkswagen Touareg Insurance Claim Statistics
Specific Volkswagen Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volkswagen Touareg 4dr 4WD 131 115 133 56 65 87

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Best reasons to buy insurance in Ohio

Despite the high insurance cost for a Volkswagen Touareg in Columbus, insurance serves a purpose in several ways.

The benefits of having insurance are definitely more than the cost, especially when you need to use it. The average driver in Ohio is overpaying more than $820 a year so it’s important to compare rates at least once a year to help ensure money is not being wasted.