Would you like to save money by finding more affordable Volkswagen CC insurance in Anchorage? Do you think you bought high-priced Volkswagen CC insurance in Anchorage? Believe me, there are a lot of people in Anchorage just like you who feel imprisoned by their car insurance policy.
A recent study showed that a large majority of car insurance policyholders in Alaska have stayed with the same insurance company for at least four years, and roughly 40% of drivers have never compared car insurance rates at all. The average driver in the United States could pocket about $859 a year by just comparing quotes, but they just assume it’s a time-consuming process to shop around.
Steps to saving money on Volkswagen CC insurance in Anchorage
If saving money is your primary concern, then the best way to get discount Volkswagen CC insurance is to make a habit of comparing prices annually from insurance carriers who provide auto insurance in Anchorage. You can shop around by following these guidelines.
First, try to learn a little about how car insurance works and the changes you can make to prevent rate increases. Many things that are responsible for high rates like getting speeding tickets and a less-than-favorable credit score can be remedied by paying attention to minor details.
Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from a single company like GEICO and Allstate, while agents who are independent can provide rate quotes from multiple sources.
Third, compare the new rate quotes to the price on your current policy to determine if switching companies saves money. If you find a lower rate and change companies, ensure there is no coverage lapse between policies.
Fourth, notify your agent or company of your intention to cancel the current policy. Submit the application along with any required down payment to your new agent or company. Once coverage is bound, store the proof of insurance paperwork with your vehicle’s registration.
One tip to remember is to try to use similar coverage information on every quote and and to get rate quotes from every insurance company. This guarantees a fair rate comparison and the best rate selection.
Multiple insurers compete for your business, and it can be difficult to compare rates to find the best rate on Volkswagen CC insurance in Anchorage.
You should take the time to get comparison quotes yearly because insurance prices change frequently. If you had the best price on Volkswagen CC insurance in Anchorage a year ago the chances are good that you can find a lower rate quote today. Forget anything you know (or think you know) about car insurance because you’re going to get a crash course in the best methods to properly buy coverages and cut your premium.
When comparing insurance rates, know that more quotes helps improve the odds of finding a lower rate.
The companies in the list below can provide free rate quotes in Anchorage, AK. In order to find the cheapest car insurance in Alaska, we suggest you get rate quotes from several of them to get the most affordable price.
Cheap Anchorage insurance rates with discounts
Some providers don’t always publicize every discount they offer very well, so the following list contains a few of the more well known in addition to some of the lesser obvious credits that you can use to lower your rates.
- Seat Belts Save more than Lives – Requiring all passengers to fasten their seat belts can save 10% or more on medical payment and PIP coverage.
- Discounts for New Vehicles – Adding a new car to your policy may earn a small discount because newer models are generally safer.
- Low Mileage Discounts – Keeping the miles down on your Volkswagen could be rewarded with cheaper insurance rates.
- Distant Student – Youth drivers who are enrolled in higher education away from home and do not have a car may qualify for this discount.
- Discount for Life Insurance – Insurance carriers who offer life insurance give a discount if you purchase a life insurance policy as well.
- ABS Brakes – Vehicles that have steering control and anti-lock brakes can stop better under adverse conditions and the ABS can save up to 10%.
One thing to note about discounts is that many deductions do not apply to the entire cost. A few only apply to the price of certain insurance coverages like comprehensive or collision. Just because it seems like you could get a free insurance policy, insurance companies wouldn’t stay in business.
The chart below illustrates the comparison of Volkswagen CC premium costs with and without some available policy discounts. The costs are based on a male driver, no claims or violations, Alaska state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-policy, claim-free, multi-car, and marriage discounts applied.
Some companies who might offer these benefits include:
When comparing rates, check with each company or agent what discounts are available to you. Savings might not be available to policyholders in Anchorage. To see insurers with discount rates in Alaska, click this link.
Premium rates and analysis
The table shown next showcases estimates of insurance premium costs for Volkswagen CC models. Learning more about how insurance prices are formulated can be of help when making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CC Sport 4-Dr Coupe | $168 | $262 | $356 | $22 | $106 | $914 | $76 |
| CC Luxury 4-Dr Coupe | $168 | $262 | $356 | $22 | $106 | $914 | $76 |
| CC VR6 Sport 4-Dr Coupe | $186 | $302 | $356 | $22 | $106 | $972 | $81 |
| CC VR6 Motion 4-Dr Coupe | $186 | $302 | $356 | $22 | $106 | $972 | $81 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Premium costs do not factor in specific garaging location which can influence prices noticeably.
Physical damage deductibles: Should you raise them?
One of the most common insurance questions is the level to set your comp and collision deductibles. The comparison tables below may help to illustrate the rate fluctuation when you buy lower versus higher comp and collision deductibles. The first rate comparisons uses a $100 physical damage deductible and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CC Sport 4-Dr Coupe | $264 | $498 | $272 | $16 | $82 | $1,157 | $96 |
| CC Luxury 4-Dr Coupe | $264 | $498 | $272 | $16 | $82 | $1,157 | $96 |
| CC VR6 Sport 4-Dr Coupe | $294 | $574 | $272 | $16 | $82 | $1,263 | $105 |
| CC VR6 Motion 4-Dr Coupe | $294 | $574 | $272 | $16 | $82 | $1,263 | $105 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CC Sport 4-Dr Coupe | $146 | $262 | $272 | $16 | $82 | $778 | $65 |
| CC Luxury 4-Dr Coupe | $146 | $262 | $272 | $16 | $82 | $778 | $65 |
| CC VR6 Sport 4-Dr Coupe | $164 | $302 | $272 | $16 | $82 | $836 | $70 |
| CC VR6 Motion 4-Dr Coupe | $164 | $302 | $272 | $16 | $82 | $836 | $70 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Information does not factor in your specific Anchorage location which can modify coverage rates considerably.
Using the data above, we can ascertain that using a $100 deductible costs roughly $33 more each month or $396 for a full year averaged for all CC models than opting for the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you have more than 27 months between claim filings, you would probably come out ahead going with the higher deductible.
Calculate deductible break even point
| Average monthly premium for $100 deductibles: | $101 |
| Average monthly premium for $1,000 deductibles (subtract): | – $68 |
| Monthly savings from raising deductible: | $33 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $33 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 27 months |
One big caveat is that raising deductibles to get cheaper rates results in having to pay to pay more out-of-pocket if you have a claim. That will necessitate enough disposable savings in the event you need to pay more to get your vehicle repaired.
The information below illustrates how choosing a deductible and can influence Volkswagen CC premium costs for different age categories. The premiums assume a married female driver, full coverage, and no additional discounts are factored in.
Impact of careless driving on Anchorage insurance rates
The chart below highlights how traffic violations and accidents can drive up Volkswagen CC car insurance costs for different age categories. The rate quotes are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.
Rate comparison of males versus females in Anchorage
The diagram below visualizes the comparison of Volkswagen CC premium costs for male and female drivers. The premiums are based on no claims or violations, full coverage, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
Difference between full coverage and liability only rates
The chart below shows the comparison of Volkswagen CC insurance rates with and without full coverage. The premiums assume no accidents, no driving violations, $1,000 deductibles, marital status is single, and no policy discounts are applied.
Guidelines for dropping full coverage
There isn’t a written rule for excluding full coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s say your Volkswagen CC book value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $8,000 after paying your policy deductible. If you are currently paying more than $800 annually to have full coverage, then you might want to consider buying only liability coverage.
There are some circumstances where eliminating full coverage is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Local Anchorage car insurance agents and car insurance
Many people just prefer to buy from a licensed agent and that can be a great decision One of the great benefits of getting free rate quotes online is you may find lower rates and still choose a local agent. Buying insurance from local insurance agencies is definitely important in Anchorage.
For easy comparison, once you complete this quick form, your insurance data is submitted to companies in Anchorage who can give free rate quotes for your business. You won’t need to find an agent since rate quotes are delivered to you instantly. It’s the lowest rates without the usual hassles of price shopping. In the event you want to compare prices for a specific company, you can always jump over to their website and fill out the quote form the provide.
Picking the best insurer needs to be determined by more than just a cheap price. These are some questions you should get answers to.
- Do they offer rental car reimbursement?
- How many years have they been established?
- Can you get a list of referrals?
- Are they properly licensed to sell insurance in Alaska?
- Do you need full coverage on every vehicle?
- Does the company allow you to choose your own collision repair facility?
After you get good responses as well as an affordable premium quote, you may have just found a company that is reputable and can provide car insurance coverage.
Learn How to Lower Your Insurance Rates
Lots of factors are used in the calculation when you get your auto insurance bill. Some are pretty understandable like your driving record, although some other factors are more transparent like your continuous coverage or your commute time. It’s important that you understand the factors that play a part in calculating the rates you pay for car insurance. If you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could result in cheaper rates.
Shown below are just a few of the factors used by companies to determine your premiums.
- Buy a safe car and pay less – Cars with high safety ratings cost less to insure. The safest vehicles result in less severe injuries and better occupant protection means your insurance company pays less which can mean better rates for you. If the Volkswagen CC scored at minimum four stars on Safercar.gov you may be receiving a better rate.
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Prices go up with performance – The performance of the vehicle you drive makes a significant difference in the rate you pay. The cheapest rates are generally reserved for the lowest performance passenger models, but there are many factors that impact the final cost.
The next chart uses these assumptions: single male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Volkswagen CC insurance premiums compared to other models that have a range of performance rating factors.
- Long commutes cost more – Driving more miles in a year’s time the higher the price you pay to insure it. The majority of insurers charge rates based upon how the vehicle is primarily used. Autos that are left in the garage receive better premium rates compared to those used for work or business. Improper usage on your CC may be costing you higher rates. Make sure your car insurance policy reflects the correct usage for each vehicle.
- Use but don’t abuse your insurance – If you are the type of insured that files lots of claims don’t be surprised to see higher rates. Auto insurance companies in Alaska award the best rates to policyholders who do not file claims often. Your car insurance is intended to be relied upon for the large, substantial claims.
- Continuous car insurance coverage saves money – Allowing your car insurance policy to lapse is a guaranteed way to trigger a rate increase. In addition to paying higher premiums, not being able to provide proof of insurance could earn you a fine, jail time, or a revoked license.
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How old are your drivers? – Young drivers in Alaska tend to be easily distracted when driving with friends so car insurance rates are higher. Having to add a young driver onto a policy can break the bank. More mature drivers are more responsible, cost insurance companies less in claims, and tend to be get fewer driving tickets.
The data below uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.
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Insurance losses for a Volkswagen CC – Insurance companies use past insurance losses to help set a rate to offset losses. Vehicles that the statistics show to have higher claim frequency or loss amount will cost more for specific coverages. The next table illustrates the insurance loss data for Volkswagen CC vehicles.
For each type of coverage, the loss probability for all vehicles, regardless of manufacturer or model, equals 100. Percentage values below 100 mean the vehicle has better than average losses, while values that are above 100 indicate higher probability of having a loss or tendency to have larger claims.
Insurance Loss Ratings for Volkswagen CC Vehicles Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Volkswagen CC 2WD 132 99 119 99 108 103 Volkswagen CC 4WD 162 134 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Three reasons to not skimp on insurance
Despite the fact that insurance is not cheap in Anchorage, insurance serves an important purpose.
- Almost all states have mandatory insurance requirements which means you are required to buy specific limits of liability protection 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 took out a loan on your CC, it’s most likely the lender will stipulate that you buy insurance to guarantee their interest in the vehicle. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Volkswagen for a lot more money and require you to fork over the higher premium.
- Insurance preserves not only your vehicle but also your financial assets. It will also cover most medical and hospital costs for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of insuring your CC definitely exceed the cost, especially if you ever need it. Despite what companies tell you, the average driver is wasting up to $820 a year so it’s important to compare rates at every policy renewal to help ensure money is not being wasted.
Quote more to save more
You just read a lot of ways to reduce Volkswagen CC insurance rates online in Anchorage. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding affordable Anchorage car insurance quotes. You may even be surprised to find that the lowest priced insurance comes from a lesser-known regional company. These smaller insurers can often provide lower car insurance rates in certain areas than the large multi-state companies such as Progressive and GEICO.
The cheapest Volkswagen CC insurance in Anchorage is definitely available from both online companies as well as from independent agents in Anchorage, so you need to quote Anchorage car insurance with both to have the best selection. Some insurance companies may not offer price quotes online and most of the time these smaller companies prefer to sell through independent insurance agents.
How to buy lower priced Volkswagen CC insurance in Anchorage
If saving money is your primary concern, then the best way to find cheaper quotes for Volkswagen CC insurance is to start doing an annual price comparison from providers who provide car insurance in Anchorage. Price quotes can be compared by following these guidelines.
- Read and learn about what is in your policy and the factors you can control to lower rates. Many rating factors that increase rates such as high-risk driving behaviors and a bad credit rating can be improved by making minor driving habit or lifestyle changes.
- Compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Allstate, while agents who are independent can quote rates for many different companies.
- Compare the new quotes to your current policy premium to see if you can save by switching companies. If you find a better price and change companies, make sure coverage is continuous and does not lapse.
The key thing to know about shopping around is to make sure you’re comparing identical coverage information on every price quote and and to get price estimates from as many auto insurance providers as possible. Doing this helps ensure a fair rate comparison and the most accurate and complete price analysis.
More tips and info about insurance can be read in the articles below:
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance for Drivers with a DUI in Anchorage? (FAQ)
- Who Has Cheap Anchorage Auto Insurance for Uber Drivers? (FAQ)
- How Much is Auto Insurance for Teachers in Anchorage? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Seniors in Anchorage? (FAQ)
- Who Has the Cheapest Car Insurance Rates for 19 Year Olds in Anchorage? (FAQ)
- Determining Auto Insurance Rates (GEICO)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Think You’re a Safe Driver? (State Farm)
- How to shop for a safer car (Insurance Institute for Highway Safety)