The recommended way to find cheaper quotes for Volkswagen Jetta insurance is to do an annual price comparison from insurers in Albuquerque. This can be done by completing these steps.
Step 1: It will benefit you to learn about auto insurance and the factors you can control to keep rates low. Many things that are responsible for high rates like tickets, at-fault accidents, and a low credit score can be remedied by making lifestyle changes or driving safer. Keep reading for ideas to prevent rate hikes and find possible discounts that are available.
Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes for a wide range of companies.
Step 3: Compare the new rate quotes to the price on your current policy to see if you can save by switching companies. If you find a lower rate quote, make sure coverage does not lapse between policies.
Step 4: Tell your current agent or company of your intention to cancel your existing policy. Submit payment along with a signed and completed policy application for your new coverage. As soon as coverage is bound, put the proof of insurance certificate in your vehicle.
One key aspect when comparing rates is to make sure you enter the same amount of coverage on each price quote and to quote with every insurance company. This enables an apples-to-apples comparison and the most accurate and complete price analysis.
It’s a fact that auto insurance companies want to keep you from shopping around. Insureds who get comparison quotes once a year will presumably move their business because of the good chance of finding discount prices. A recent auto insurance study discovered that people who routinely shopped around saved as much as $3,500 over four years compared to drivers who don’t regularly compare prices.
If saving the most money on Volkswagen Jetta insurance is your target objective, then having a grasp of how to get price quotes and compare auto insurance can make it simple to find affordable coverage.
If you have a policy now or just want a better rate, use these cost-cutting techniques to get lower rates while maximizing coverage. Finding affordable insurance coverage in Albuquerque is much easier if you know where to start. Drivers just need to learn the proper methods to quote multiple rates over the internet.
Verify you’re getting every discount
Some insurers don’t always list their entire list of discounts in a way that’s easy to find, so the list below gives a summary of some of the more common and the harder-to-find credits available to lower your premiums when you buy Albuquerque car insurance online.
- Albuquerque Homeowners Pay Less – Simply owning a home can save you money since home ownership shows financial diligence.
- Buy New and Save – Buying a new car instead of a used Jetta can get you a discount due to better safety requirements for newer models.
- Pay Now and Pay Less – By making one initial payment rather than paying in monthly installments you can actually save on your bill.
- Multi-policy Discount – If you can combine your auto and homeowners policy with one insurance company they may give you a discount of at least 10% off all policies.
- Distant Student – Any of your kids who are attending college and do not take a car to college can be insured at a reduced rate.
- No Claim Discounts – Insureds who avoid accidents and claims can earn big discounts when compared to drivers with a long claim history.
- Seat Belt Usage – Requiring all passengers to wear their seat belts can save up to 10 percent (depending on the company) off the personal injury premium cost.
- Passive Restraints – Vehicles equipped with air bags or automatic seat belts can receive discounts of up to 25% or more.
Consumers should know that many deductions do not apply to the whole policy. Most only cut specific coverage prices like comprehensive or collision. Despite the fact that it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.
The diagram below shows the difference between Volkswagen Jetta car insurance costs with and without policy discounts. The rates are based on a female driver, no claims, a clean driving record, New Mexico state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, safe-driver, homeowner, marriage, and multi-policy discounts applied.
Large insurance companies and some of the discounts are outlined below.
- Farm Bureau may offer discounts for 55 and retired, driver training, renewal discount, multi-vehicle, and safe driver.
- MetLife offers premium reductions for good driver, good student, claim-free, accident-free, defensive driver, and multi-policy.
- Progressive policyholders can earn discounts including good student, multi-policy, multi-vehicle, online signing, and continuous coverage.
- AAA may have discounts that include education and occupation, AAA membership discount, good driver, multi-car, pay-in-full, multi-policy, and good student.
- American Family offers discounts for bundled insurance, Steer into Savings, accident-free, early bird, multi-vehicle, good driver, and good student.
- GEICO has savings for defensive driver, driver training, federal employee, good student, emergency military deployment, air bags, and multi-vehicle.
- State Farm has discounts for Steer Clear safe driver discount, driver’s education, anti-theft, passive restraint, and safe vehicle.
When getting free Albuquerque car insurance quotes, it’s a good idea to all companies you are considering to give you their best rates. All car insurance discounts may not be offered in your state. To see companies that offer some of these discounts in Albuquerque, click here to view.
The companies shown below can provide free quotes in New Mexico. To get cheap car insurance in Albuquerque, it’s a good idea that you compare several of them to get the best price comparison.
Volkswagen Jetta coverage analysis
The rate table shown below highlights estimates of insurance premium costs for Volkswagen Jetta models. Being able to understand how auto insurance policy rates are established can be valuable when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Jetta S 4-Dr Sedan | $238 | $474 | $418 | $24 | $126 | $1,280 | $107 |
| Jetta S 2.5 Station Wagon | $238 | $474 | $356 | $22 | $106 | $1,196 | $100 |
| Jetta LE 4-Dr Sedan | $238 | $474 | $418 | $24 | $126 | $1,280 | $107 |
| Jetta SE 4-Dr Sedan | $270 | $558 | $418 | $24 | $126 | $1,396 | $116 |
| Jetta SE 2.5 Station Wagon | $270 | $558 | $356 | $22 | $106 | $1,312 | $109 |
| Jetta 2.0T 4-Dr Sedan | $270 | $558 | $418 | $24 | $126 | $1,396 | $116 |
| Jetta SEL 4-Dr Sedan | $270 | $558 | $418 | $24 | $126 | $1,396 | $116 |
| Jetta 2.0T Station Wagon | $270 | $558 | $356 | $22 | $106 | $1,312 | $109 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Premium amounts do not factor in Albuquerque location which can modify coverage prices significantly.
Raise deductibles and save
When comparing auto insurance rates, the most common question is where should you set your physical damage deductibles. The following insurance rates may help to conceptualize the rate difference between low and high physical damage coverage deductibles. The first set of rates uses a $100 physical damage deductible and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Jetta S 4-Dr Sedan | $278 | $500 | $322 | $20 | $96 | $1,241 | $103 |
| Jetta S 2.5 Station Wagon | $278 | $500 | $274 | $16 | $82 | $1,175 | $98 |
| Jetta LE 4-Dr Sedan | $278 | $500 | $322 | $20 | $96 | $1,241 | $103 |
| Jetta SE 4-Dr Sedan | $312 | $590 | $322 | $20 | $96 | $1,365 | $114 |
| Jetta SE 2.5 Station Wagon | $312 | $590 | $274 | $16 | $82 | $1,299 | $108 |
| Jetta 2.0T 4-Dr Sedan | $312 | $590 | $322 | $20 | $96 | $1,365 | $114 |
| Jetta SEL 4-Dr Sedan | $312 | $590 | $322 | $20 | $96 | $1,365 | $114 |
| Jetta 2.0T Station Wagon | $312 | $590 | $274 | $16 | $82 | $1,299 | $108 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Jetta S 4-Dr Sedan | $202 | $338 | $322 | $20 | $96 | $978 | $82 |
| Jetta S 2.5 Station Wagon | $202 | $338 | $274 | $16 | $82 | $912 | $76 |
| Jetta LE 4-Dr Sedan | $202 | $338 | $322 | $20 | $96 | $978 | $82 |
| Jetta SE 4-Dr Sedan | $228 | $398 | $322 | $20 | $96 | $1,064 | $89 |
| Jetta SE 2.5 Station Wagon | $228 | $398 | $274 | $16 | $82 | $998 | $83 |
| Jetta 2.0T 4-Dr Sedan | $228 | $398 | $322 | $20 | $96 | $1,064 | $89 |
| Jetta SEL 4-Dr Sedan | $228 | $398 | $322 | $20 | $96 | $1,064 | $89 |
| Jetta 2.0T Station Wagon | $228 | $398 | $274 | $16 | $82 | $998 | $83 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Estimates do not factor in your specific Albuquerque location which can change coverage prices substantially.
Based on these figures, using a $100 deductible will cost you approximately $24 more each month or $288 every year than requesting the higher $500 deductible. Due to the fact that you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you have more than 17 months between claim filings, you would probably come out ahead if you choose a higher deductible.
Difference between liability only and full coverage rates
The example below illustrates the difference between Volkswagen Jetta auto insurance costs with full coverage and liability only. The rate quotes are based on no violations or claims, $100 deductibles, marital status is single, and no additional discounts are factored in.
When to eliminate full coverage
There is no set rule for dropping comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s say your Volkswagen Jetta book 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 annually for full coverage, then it might be time to consider dropping full coverage.
There are some scenarios where dropping full coverage is not a good plan. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should maintain full coverage.
Situations that may require an agent’s advice
When choosing proper insurance coverage, there really is no one-size-fits-all type of policy. Everyone’s situation is a little different and your insurance should be unique as well. For instance, these questions might point out if you might need professional guidance.
- Is coverage enough to protect my assets?
- Am I covered when driving in Canada or Mexico?
- Do I have ACV or replacement cost coverage?
- Is my nanny covered when transporting my kids?
- Why do I have to buy liability insurance?
- Does low annual mileage earn a discount?
If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.
Insurance agent or online?
Some consumers still like to buy from a licensed agent and that is OK! Insurance agents are very good at helping people manage risk and give you someone to call. One of the great benefits of comparing rates online is you may find cheap insurance rates but still work with a licensed agent. And buying from neighborhood insurance agencies is especially important in Albuquerque.
For easy comparison, once you complete this simple form, your insurance data is instantly submitted to participating agents in Albuquerque who will give competitive quotes and help you find cheaper coverage. You won’t need to find an agent on your own because prices are sent immediately to your email address. If for some reason you want to get a comparison quote from a specific company, you just need to go to their quote page and submit a quote form there.
Picking the best insurer is decision based upon more than just a cheap quote. Ask your prospective agent these questions:
- Will they take your side in the event of a claim?
- How many companies do they write for?
- Does the company allow you to choose your own collision repair facility?
- Do they offer rental car reimbursement?
- Is the coverage adequate for your vehicle?
- Are there any discounts that you might be missing?
- How are they compensated?
Best reasons to buy auto insurance in New Mexico
Even though Albuquerque Jetta insurance rates can get expensive, insuring your vehicle may be mandatory for several reasons.
- Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability protection in order to be legal. In New Mexico these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a lien on your vehicle, it’s guaranteed your bank will make it a condition of the loan that you buy insurance to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender will be forced to insure your Volkswagen at an extremely high rate and make you pay for it.
- Insurance protects both your vehicle and your assets. It also can pay 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 for a defense attorney if you are sued as the result of an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of insuring your Jetta are without a doubt worth the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver overpays more than $865 each year so we recommend shopping around at least once a year to help ensure money is not being wasted.
Car insurance coverages and their meanings
Knowing the specifics of car insurance can help you determine which coverages you need at the best deductibles and correct limits. Car insurance terms can be ambiguous and reading a policy is terribly boring. Shown next are the normal coverages offered by car insurance companies.
Collision insurance
Collision coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against things such as backing into a parked car, colliding with a tree, damaging your car on a curb and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible on your Jetta to save money on collision insurance.
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and also any damage incurred to your Volkswagen Jetta.
Due to the fact that many New Mexico drivers have only the minimum liability required by law (25/50/10 in New Mexico), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Liability
This coverage provides protection from damages or injuries you inflict on a person or their property that is your fault. This insurance protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/10 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $10,000. Some companies may use one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage pays for things like emergency aid, attorney fees, legal defense fees, repair costs for stationary objects and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but buy as large an amount as possible. New Mexico state law requires minimum liability limits of 25/50/10 but it’s recommended drivers buy more liability than the minimum.
The next chart shows why minimum state limits may not be enough coverage.
Insurance for medical payments
Med pay and PIP coverage pay for short-term medical expenses such as rehabilitation expenses, doctor visits and pain medications. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage
Comprehensive coverage (or Other than Collision)
This coverage covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things like theft, damage from getting keyed, hitting a deer, a broken windshield and hitting a bird. The maximum amount your car insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
Persistence pays off
As you shop your coverage around, it’s not a good idea to skimp on coverage in order to save money. In too many instances, someone dropped liability coverage limits and discovered at claim time that the savings was not a smart move. Your strategy should be to buy a smart amount of coverage at a price you can afford but still have enough coverage for asset protection.
The cheapest Volkswagen Jetta insurance in Albuquerque can be bought both online in addition to local insurance agencies, so you should be comparing quotes from both in order to have the best price selection to choose from. There are still a few companies who do not provide the ability to get a quote online and many times these smaller companies prefer to sell through local independent agencies.
We just presented many tips how you can compare Volkswagen Jetta insurance premium rates in Albuquerque. It’s most important to understand that the more companies you get prices for, the higher your chance of finding cheaper Albuquerque car insurance quotes. Drivers may even discover the best price on insurance is with a lesser-known regional company. Smaller companies may only write in your state and offer lower prices than their larger competitors like Allstate, GEICO and Progressive.
More articles
- All About Airbag Safety (State Farm)
- Who Has the Cheapest Albuquerque Auto Insurance for Seniors? (FAQ)
- Who Has Cheap Car Insurance for Drivers with Good Credit in Albuquerque? (FAQ)
- Who Has Affordable Auto Insurance Rates for Active Military in Albuquerque? (FAQ)
- Where can I buy Insurance? (Insurance Information Institute)
- What to do at the Scene of an Accident (Insurance Information Institute)