Shockingly, almost 70% of insureds in California have been with the same company for a minimum of four years, and nearly 40% of drivers have never compared rates to find lower-cost insurance. U.S. drivers could pocket roughly $850 a year just by comparing rates, but they don’t believe how much they could save if they moved their coverage to a different company.
The best way we recommend to find low-cost prices for car insurance rates is to start comparing prices regularly from insurance carriers who provide car insurance in Sacramento.
- Try to learn a little about how your policy works and the factors you can control to prevent rate increases. Many rating criteria that are responsible for high rates such as accidents, traffic violations, and a not-so-good credit history can be rectified by making small lifestyle or driving habit changes. Keep reading for instructions to help reduce prices and earn a bigger discount.
- Request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agents can provide price quotes from many different companies.
- Compare the new quotes to the premium of your current policy and see if you can save money. If you find better rates and make a switch, ensure there is no coverage lapse between policies.
- Notify your current company of your intent to cancel the current policy. Submit the required down payment along with the signed application to your new agent or company. Immediately place the new certificate of insurance along with the vehicle’s registration papers.
A key point to remember is to compare the same coverage limits and deductibles on every quote request and to quote with every insurance company. Doing this guarantees a fair rate comparison and the best rate selection.
All major auto insurance companies like Allstate and Progressive make it easy to get coverage prices from their websites. Getting Volkswagen Eos insurance prices online is fairly simple because you just enter your coverage information into the quote form. After the form is submitted, their rating system orders information on your driving record and credit history and returns a price quote based on these factors. Being able to quote online for Volkswagen Eos insurance in Sacramento streamlines rate comparisons, and it’s necessary to get many rate quotes if you want to get cheaper prices.
If you want to use this form to compare rates, visit the companies below or click here to submit a quote request to multiple companies at once. If you currently have coverage, we recommend you duplicate coverages and limits just like they are on your policy. This makes sure you will have an apples-to-apples comparison using the exact same coverages.
The auto insurance companies shown below have been selected to offer quotes in California. If your goal is to find cheap car insurance in Sacramento, we recommend you compare several of them in order to find the most affordable rates.
Premium rates and analysis
The coverage information shown next showcases a range of prices for Volkswagen Eos models. Having insight into how insurance prices are calculated helps drivers make smart choices when buying a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|EOS Komfort Turbo 2-Dr Convertible||$300||$576||$424||$26||$126||$1,452||$121|
|EOS Luxury Turbo 2-Dr Convertible||$300||$576||$424||$26||$126||$1,452||$121|
|Get Your Own Custom Quote Go|
Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Prices do not factor in vehicle location which can lower or raise premiums greatly.
The example below demonstrates how deductibles and can impact Volkswagen Eos yearly insurance costs for different categories of driver ages. The price estimates are based on a married female driver, comp and collision included, and no discounts are taken into consideration.
Full coverage rates compared to liability-only
The diagram below visualizes the comparison of Volkswagen Eos premium costs with full physical damage coverage compared to only buying liability only. Data assumes no claims or driving citations, $100 deductibles, drivers are single, and no discounts are applied.
When to stop buying physical damage coverage
There is no set guideline to exclude full coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s pretend your Volkswagen Eos book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If it’s costing in excess of $400 a year to have full coverage, then it may be the right time to buy liability only.
There are a few cases where buying only liability insurance is not financially feasible. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not buy liability only.
Informed Consumers Save on Insurance
Multiple criteria are considered when premium rates are determined. Some of the criteria are obvious such as your driving history, but other factors are less apparent such as your marital status or your vehicle rating. An important part of buying insurance is that you know some of the factors that play a part in calculating your insurance rates. If you have some idea of what controls the rates you pay, this enables informed choices that could result in lower premium levels.
Traffic violations increase rates – Drivers with clean records tend to pay less for car insurance as compared to those with violations. Even a single ticket can bump up the cost to the point where it’s not affordable. Drivers who have received severe violations such as DUI or willful reckless driving might be required by their state to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to drive a vehicle legally.
The chart below illustrates how speeding tickets and accident claims drive up Volkswagen Eos insurance costs for different age groups. The information is based on a single male driver, full coverage, $250 deductibles, and no other discounts are factored in.
Only buy add-on coverages you need – There are many add-on coverages that you can get tricked into buying but may not be useful. Insurance for replacement cost coverage, better glass coverage, and additional equipment coverage may not be needed and are just wasting money. These coverages may sound good when talking to your agent, but if you have no use for them get rid of them and save.
What type of vehicle do you drive? – The make and model of the car or truck you need insurance for makes a huge difference in your rates. Small economy passenger cars generally receive the lowest base rates, but other factors influence the final cost greatly.
The following data assumes a single female driver age 50, full coverage with $500 deductibles, and no discounts or violations. It illustrates Volkswagen Eos policy rates compared to other models that have a range of performance risks.
Gender as a rate factor – Over the last 50 years, statistics have shown that females take fewer risks when driving. The data does not necessarily mean that women are better drivers. Men and women tend to get into accidents at about the same rate, but the men get into accidents with more damage. In addition to higher claims, males also receive more major tickets like driving under the influence (DUI). Males from age 16 to 21 generally have the highest accident percentage and therefore have the most expensive insurance rates.
The diagram below illustrates the difference between Volkswagen Eos insurance costs for male and female drivers. The premium estimates are based on no violations or claims, comprehensive and collision coverage, $100 deductibles, single status, and no additional discounts are factored in.
Always keep your insurance policy in force – Not maintaining insurance is against the law and your next policy will cost more because you let your insurance lapse for non-payment. In addition to paying higher rates, failure to provide proof of insurance will get you a steep fine or even jail time. You will then be forced to provide proof of insurance in the form of an SR-22 filing with the California DMV.
Adjust physical damage deductibles and save – Deductibles for physical damage are how much you are required to spend out-of-pocket if the claim is covered. Physical damage coverage, also called comprehensive and collision insurance, is used to repair damage to your car. Some coverage claims would be rear-ending another vehicle, collision with a deer, and damage from wind. The more money the insured has to pay upfront, the less your insurance will be.
Where you reside is a factor – Residing in a small town has definite advantages when it comes to insurance. Residents of big cities tend to have more aggressive driving styles and more time behind the wheel. Fewer drivers and short commutes translates into fewer accidents in addition to fewer liability claims.
Save by staying claim free – If you tend to file frequent claims, you can look forward to either a policy non-renewal or much higher rates. Companies in California give cheaper rates to drivers that do not abuse their auto insurance. Insurance coverage is designed for the bigger claims that can’t be paid out-of-pocket.
Volkswagen Eos insurance claim data – Insurance companies factor in insurance loss information when they calculate premium rates for each model. Models that tend to have a trend towards higher claim severity or frequency will cost more for specific coverages. The data below shows the insurance loss data for Volkswagen Eos vehicles.
For each insurance policy coverage type, the claim amount for all vehicles compiled together equals 100. Percentages below 100 imply a favorable loss record, while percentage numbers above 100 indicate frequent claims or larger claims.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Volkswagen Eos Convertible||88||77||78||76|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Three reasons to not skimp on car insurance
Despite the high cost of buying insurance for a Volkswagen Eos in Sacramento, maintaining insurance is most likely required but also gives you several important benefits.
- Almost all states have minimum liability requirements which means you are required to buy specific limits of liability in order to license the vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your vehicle, it’s most likely the lender will require that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender may insure your Volkswagen at an extremely high rate and make you pay for the expensive policy.
- Car insurance protects both your vehicle and your assets. Insurance will also pay for medical bills for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also covers legal expenses if you cause an accident and are sued. If mother nature or an accident damages your car, your car insurance policy will cover the repair costs.
The benefits of buying enough insurance greatly outweigh the cost, particularly when you have a large claim. On average, a vehicle owner in Sacramento is overpaying more than $820 a year so it’s recommended you shop around once a year at a minimum to be sure current rates are still competitive.