Buying cheaper Anchorage Volkswagen Beetle insurance quotes can be somewhat intimidating for drivers who are beginners to quoting and comparing and buying insurance on the internet. With so many companies competing online, how can Anchorage drivers even start to compare every insurance company to find better prices?
How to find affordable Volkswagen Beetle insurance in Anchorage
The preferred way to find more affordable Volkswagen Beetle insurance is to regularly compare quotes from insurance carriers in Anchorage. Rate comparisons can be done by following these guidelines.
First, it will benefit you to learn about how auto insurance works and the measures you can take to prevent high rates. Many rating factors that drive up the price like distracted driving and a negative credit history can be controlled by making minor changes to your lifestyle.
Second, quote rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from one company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes from multiple companies.
Third, compare the price quotes to your existing policy to determine if switching companies saves money. If you find a lower rate quote and switch companies, ensure there is no coverage lapse between policies.
An essential thing to point out is to use the same coverage limits and deductibles on every quote and and to compare as many car insurance companies as possible. This guarantees the most accurate price comparison and a thorough selection of prices.
Unbelievable but true according to a study most insurance customers have stayed with the same insurance company for more than four years, and about 40% of consumers have never even compared quotes to find cheap rates. The average driver in Alaska could pocket up to $368 a year, but they just don’t understand the large savings they would see if they moved their coverage to a different company.
There are several ways of comparing price quotes from different Anchorage insurance companies. The easiest way by far to find affordable Volkswagen Beetle insurance rates consists of obtaining rate quotes online. When comparing auto insurance rates, know that obtaining a wide range of quotes helps locate the best price. Some insurance companies are not set up to provide online rate quotes, so you should also compare prices from them as well.
The companies shown below are ready to provide comparison quotes in Alaska. If you want cheap auto insurance in AK, it’s a good idea that you get prices from several of them to find the lowest car insurance rates.
Detailed insurance information
The coverage information shown below showcases estimates of rate quotes for Volkswagen Beetle models. Having a good grasp of how prices are established is important for you to make informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Beetle S 2-Dr Hatchback||$142||$322||$300||$18||$90||$872||$73|
|Beetle 2-Dr Convertible||$186||$380||$234||$14||$70||$884||$74|
|Get Your Own Custom Quote Go|
Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium costs do not factor in specific garaging location which can affect auto insurance rates considerably.
The information below shows how different deductible levels and can affect Volkswagen Beetle annual premium costs for different age groups of insureds. The premiums are based on a married male driver, full coverage, and no discounts are taken into consideration.
Volkswagen Beetle full coverage rates compared to liability only
The chart below compares Volkswagen Beetle premium costs when comparing full coverage to state minimum liability only. The premium estimates are based on no violations or claims, $500 deductibles, marital status is single, and no discounts are factored in.
Should you pay for full coverage or liability only?
There isn’t a steadfast formula of when to exclude full coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s assume your Volkswagen Beetle claim settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $3,000 after you pay the deductible. If you are paying more than $300 annually for your policy with full coverage, then you might consider buying liability only.
There are some conditions where dropping full coverage is not in your best interest. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not opt for liability only.
You Can Change Your Insurance Costs
Part of the insurance buying process is learning some of the things that aid in calculating your premiums. If you have a feel for what determines premiums, this enables you to make decisions that could result in lower premium levels. Lots of factors are taken into consideration when pricing auto insurance. Some of the criteria are obvious like your driving record, but other factors are more transparent like your continuous coverage or your vehicle rating.
The items below are some of the major factors companies use to determine rates.
With age comes lower premiums – Teen drivers in Alaska tend to be easily distracted when at the wheel of a vehicle so insurance rates are higher. More mature drivers have been proven to be more responsible, statistically cause fewer accidents, and get fewer tickets.
The chart below assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.
Accidents mean higher costs – Having a clean driving record has a huge affect on how much you pay. Drivers with clean records pay lower auto insurance prices as compared to careless drivers. Just one chargeable violation can bump up the cost by twenty percent. People who have dangerous violations like reckless driving or DUI may be required to submit a SR-22 form with their state motor vehicle department in order to drive a vehicle legally.
The chart below highlights how speeding tickets and at-fault fender-benders can impact Volkswagen Beetle insurance costs for each different age group. The premiums are based on a married male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
Single drivers may have higher rates – Walking down the aisle may earn you lower rates on your insurance bill. Having a spouse usually means you are more mature and responsible and it’s proven that married drivers tend to have fewer serious accidents.
Save money by raising coverage deductibles – Insurance for physical damage, also called comprehensive and collision insurance, is used to repair damage to your Volkswagen. A few examples of covered claims are a windshield shattered by a rock, hitting a deer, or theft. The deductibles you choose represent how much money you are willing to pay out-of-pocket in the event of a claim. The more expense the insured has to pay upfront, the bigger discount you will receive.
Reserve claims for larger damages – Insurance companies in Alaska provide lower rates to people who are not frequent claim filers. If you frequently file small claims, you can definitely plan on increased rates or even have your policy non-renewed. Your insurance policy is meant to be used in the event of claims that pose a financial burden.
Better prices on cars with good safety ratings – Vehicles that have high safety ratings tend to have better insurance rates. Vehicles built for safety have better occupant injury protection and better occupant protection means less money paid by your insurance company and lower rates for you. If your Volkswagen Beetle scored at minimum four stars on Safercar.gov you may pay a lower rate.
Do you really need roadside assistance? – Policies have extra coverages that may not really be needed when buying insurance. Things like roadside assistance, better glass coverage, and membership fees are examples of these. They may sound like good ideas when you first buy your policy, but if you don’t need them consider taking them off your policy.
Insurance losses for a Volkswagen Beetle – Insurance companies factor in historical loss data as a tool for profitable underwriting. Vehicles that tend to have higher number or severity of losses will have increased rates.
The data below shows the insurance loss data for Volkswagen Beetle vehicles. For each type of coverage, the statistical loss for all vehicles, regardless of make, model or trim level, is considered to be 100. Values below 100 suggest a better than average loss history, while numbers that are greater than 100 point to more claims or larger claims.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Volkswagen Beetle Convertible||85||78||95||76||89||79|
Statistics from IIHS.org for 2013-2015 Model Years
Three main reasons to buy car insurance
Despite the high cost of buying insurance for a Volkswagen Beetle in Anchorage, insuring your vehicle is required in Alaska but it also protects you in many ways.
- Just about all states have minimum liability requirements which means the state requires specific minimum amounts of liability insurance in order to get the vehicle licensed. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your vehicle, more than likely the lender will force you to buy full coverage to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Volkswagen at a significantly higher premium and force you to pay for it.
- Car insurance protects both your assets and your Volkswagen Beetle. 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, also pays for attorney fees and expenses if you are sued as the result of an accident. If mother nature or an accident damages your car, your car insurance policy will pay to repair the damage.
The benefits of having insurance more than offset the price you pay, especially if you ever need it. As of last year, the average driver in Alaska is wasting up to $820 a year so compare quotes from several companies at every policy renewal to make sure the price is not too high.