Compare Volkswagen Touareg Insurance Rate Quotes in Honolulu

Discount Volkswagen Touareg insuranceHaving to pay for expensive Volkswagen Touareg insurance in Honolulu can overdraw your bank account and put a big crunch on your finances. Price shopping at each renewal can save money and help to ensure you are getting the best deal.

Amazingly, a recent study showed that nearly 70% of Hawaii drivers have bought insurance from the same company for at least four years, and just short of a majority have never compared rate quotes at all. Most drivers in America could save themselves up to $860 a year just by getting comparison quotes, but they just don’t understand the actual amount they would save if they swap their current policy for a cheaper one. Because you have many companies to choose from that have cheap insurance for a Volkswagen Touareg in Honolulu, it’s nearly impossible to find a more affordable insurance company.

Coverage statistics and figures

The coverage table shown next highlights a range of insurance coverage prices for Volkswagen Touareg models. Knowing how insurance prices are calculated can help guide drivers when making smart policy decisions.

Volkswagen Touareg Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Touareg 3 Turbo Diesel AWD 4-Dr $222 $458 $278 $16 $84 $1,058 $88
Touareg 3.6 AWD 4-Dr $222 $458 $278 $16 $84 $1,058 $88
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Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Estimates do not factor in vehicle garaging location which can decrease or increase premium rates substantially.

Higher deductibles save money

One frequently asked question is which deductibles should you choose. The rates shown below can help you visualize the rate differences when you select higher and lower comp and collision deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Volkswagen Touareg insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Touareg 3 Turbo Diesel AWD 4-Dr $258 $468 $264 $16 $80 $1,111 $93
Touareg 3.6 AWD 4-Dr $258 $468 $264 $16 $80 $1,111 $93
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Volkswagen Touareg insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Touareg 3 Turbo Diesel AWD 4-Dr $210 $378 $264 $16 $80 $948 $79
Touareg 3.6 AWD 4-Dr $210 $378 $264 $16 $80 $948 $79
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Table data does not factor in specific zip code location which can modify coverage rates considerably.

Based on the figures above, using a $250 deductible will cost in the ballpark of $14 more each month or $168 a year than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 18 months between claim filings, you would probably come out ahead by selecting a higher deductible.

Rate comparison of full coverage and liability-only

The illustration below visualizes the comparison of Volkswagen Touareg insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Hawaii. Data assumes no claims or driving citations, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Guidelines for eliminating full coverage

There is no clear-cut formula of when to drop physical damage coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s assume your Volkswagen Touareg book value is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $8,000 after paying your deductible. If you are paying more than $800 annually for full coverage, then it might be time to buy liability only.

There are a few cases where dropping physical damage coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage on your policy.

Volkswagen Touareg Insurance Rates Can Be Reduced

A large part of saving on auto insurance is knowing some of the things that help determine your policy premiums. If you have some idea of what determines premiums, this enables you to make decisions that can earn you lower auto insurance prices. Many things are used in the calculation when you get your auto insurance bill. Some are obvious such as traffic violations, but other criteria are more transparent such as whether you are married or how financially stable you are.

The itemized list below are some of the factors used by insurance companies to determine rates.

What is the best auto insurance company in Hawaii?

Ending up with a high-quality insurance company can be challenging considering how many companies are available to choose from in Hawaii. The company ratings in the next section may help you select which companies to look at when comparing rate quotes.

Top Auto Insurance Companies in Hawaii
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Best Car Insurance Companies

Don’t give up on cheaper premiums

When you buy Honolulu auto insurance online, make sure you don’t buy lower coverage limits just to save a few bucks. There are a lot of situations where an accident victim reduced physical damage coverage only to find out they didn’t purchase enough coverage. The goal is to buy enough coverage at the best possible price, not the least amount of coverage.

Lower-priced Volkswagen Touareg insurance in Honolulu is attainable from both online companies and with local Honolulu insurance agents, and you need to comparison shop both so you have a total pricing picture. Some insurance companies may not offer the ability to get quotes online and these small insurance companies sell through independent agencies.

Steps to finding cheaper rates for Volkswagen Touareg insurance in Honolulu

The best way to save on auto insurance rates in Honolulu is to regularly compare prices from insurance carriers in Hawaii. Price quotes can be compared by following these guidelines.

First, try to learn about auto insurance and the things you can control to drop your rates. Many policy risk factors that result in higher rates like accidents, careless driving, and an imperfect credit rating can be amended by making minor changes to your lifestyle.

Second, compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive and State Farm, while independent agencies can provide prices from many different companies. Select a company

Third, compare the quotes to your existing coverage to see if cheaper Touareg coverage is available. If you find a better price and decide to switch, ensure coverage does not lapse between policies.

The most important part of shopping around is to make sure you enter similar limits and deductibles on each quote and and to get price quotes from as many carriers as you can. This helps ensure a fair price comparison and many rates to choose from.

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