It goes without saying that insurance companies don’t want policyholders to compare prices from other companies. Drivers who shop around for cheaper rates are likely to buy a different policy because there is a good chance of finding good coverage at a lower price. A recent survey discovered that people who routinely shopped around saved an average of $3,400 over four years compared to those who never shopped around for better prices.
If saving the most money on insurance in Las Vegas is why you’re reading this, then having an understanding of how to find companies and compare coverage rates can help you succeed in finding affordable rates.
The recommended way to get cheaper Volkswagen Passat insurance is to start comparing rates regularly from companies who provide car insurance in Las Vegas.
Step 1: Take a few minutes and learn about how insurance companies determine prices and the things you can control to prevent expensive coverage. Many risk factors that result in higher rates such as traffic violations and a not-so-good credit score can be controlled by being financially responsible and driving safely. Continue reading for tips to get cheaper coverage and find more discounts that you may not know about.
Step 2: Compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive and State Farm, while agents who are independent can provide price quotes for a wide range of insurance providers. View companies
Step 3: Compare the new rates to your existing policy and determine if there is any savings. If you can save some money and decide to switch, ensure coverage does not lapse between policies.
An important part of this process is to try to use similar limits and deductibles on each quote and and to get price quotes from every company you can. Doing this enables an accurate price comparison and many rates to choose from.
Locating the best rates in Las Vegas is actually not that difficult if you follow our advice. If you currently have car insurance, you will definitely be able to cut your premiums using the ideas covered in this article. Nevertheless, Nevada consumers can benefit from knowing how insurance companies determine premium rates because it varies considerably.
Cheaper Las Vegas car insurance rates with discounts
Some insurers don’t necessarily list every possible discount very clearly, so the list below details a few of the more common and also the lesser-known discounts that you may qualify for.
- Lower Rates for Military – Being on active duty in the military may lower your rates slightly.
- Early Payment Discounts – If you pay your bill all at once instead of making monthly payments you may have a lower total premium amount.
- Early Renewal Discounts – Some insurance companies reward drivers for switching to them prior to your current Passat insurance policy expiring. The savings is around 10%.
- Safety Course Discount – Passing a course teaching defensive driver skills can save you 5% or more depending on where you live.
- Life Insurance – Not all insurance companies offer life insurance, but some may give you a discount if you purchase auto and life insurance together.
- Senior Citizens – If you’re over the age of 55, you can possibly qualify for lower premium rates.
- Organization Discounts – Being in a civic or occupational organization in Las Vegas may earn a discount on your next car insurance statement.
- Use Seat Belts – Buckling up and requiring all passengers to fasten their seat belts can save up to 15% off the medical payments premium.
A little disclaimer on discounts, some credits don’t apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as comprehensive or collision. So even though you would think you would end up receiving a 100% discount, it’s just not the way it works.
The diagram below shows the difference between Volkswagen Passat premium costs with and without policy discounts. The data assumes a female driver, no claims or driving citations, Nevada 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 safe-driver, marriage, homeowner, multi-policy, multi-car, and claim-free discounts applied.
Larger car insurance companies and their possible discounts are outlined below.
- State Farm has discounts for multiple autos, good driver, anti-theft, passive restraint, defensive driving training, and Steer Clear safe driver discount.
- Nationwide may offer discounts for defensive driving, anti-theft, easy pay, Farm Bureau membership, accident-free, and business or organization.
- GEICO has savings for anti-lock brakes, multi-vehicle, emergency military deployment, seat belt use, membership and employees, and anti-theft.
- AAA offers discounts for multi-car, multi-policy, pay-in-full, good driver, good student, anti-theft, and education and occupation.
- 21st Century may have discounts that include anti-lock brakes, good student, early bird, air bags, theft prevention, and student driver.
- The Hartford may include discounts for air bag, anti-theft, bundle, driver training, and defensive driver.
If you need inexpensive Las Vegas car insurance quotes, ask every company which discounts can lower your rates. Depending on the company, some discounts may not be offered in Las Vegas.
When looking for low cost Las Vegas car insurance quotes, there are a couple ways to obtain and compare prices from insurance companies in your area. The best method to find affordable insurance rates is to get quotes online.
It’s so simple to compare insurance rates online makes it a waste of time to drive to and from local Las Vegas insurance agencies. The ability to quote Volkswagen Passat insurance online eliminates the middleman unless you’re the type of person who wants the peace of mind that only a licensed agent can provide. You can, however, comparison shop your insurance online but still have the advice of a local agent. Just remember that comparing more quotes increases the chance that you will find a lower rate than you’re paying now.
The companies shown below provide free quotes in Las Vegas, NV. To find the best auto insurance in NV, it’s a good idea that you compare several of them in order to get a fair rate comparison.
Facts and figures for Volkswagen Passat insurance
The premium information displayed below covers a range of policy rates for Volkswagen Passat models. Being more informed about how auto insurance prices are determined can help you make smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Passat Komfort Station Wagon | $142 | $292 | $276 | $16 | $82 | $808 | $67 |
| Passat Komfort 4-Dr Sedan | $142 | $292 | $324 | $20 | $96 | $874 | $73 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Prices do not factor in specific location information which can alter prices noticeably.
Policy deductibles
When buying car insurance, a common question is the level to set your comp and collision deductibles. The following insurance rates can help show how much more rates are of buying low and high physical damage deductibles. The first table uses a $100 deductible and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Passat Komfort Station Wagon | $300 | $564 | $262 | $16 | $78 | $1,245 | $104 |
| Passat Komfort 4-Dr Sedan | $300 | $564 | $308 | $18 | $92 | $1,307 | $109 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Passat Komfort Station Wagon | $166 | $298 | $262 | $16 | $78 | $820 | $68 |
| Passat Komfort 4-Dr Sedan | $166 | $298 | $308 | $18 | $92 | $882 | $74 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Information does not factor in specific zip code location which can increase or decrease coverage prices greatly.
Based on the figures above, using a $100 deductible costs about $36 more each month or $432 each year than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 25 months between claims, you would come out ahead if you elect the higher deductible.
Calculate deductible break even point
| Average monthly premium for $100 deductibles: | $107 |
| Average monthly premium for $1,000 deductibles (subtract): | – $71 |
| Monthly savings from raising deductible: | $36 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $36 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 25 months |
An important sidenote is that raising deductibles to get cheaper rates results in a higher out-of-pocket expense when you have a comprehensive or collision claim. You will want to have enough savings in order to pay more for the deductible.
Car insurance rates are higher with tickets and accidents
The diagram below illustrates how violations and at-fault fender-benders impact Volkswagen Passat annual premium costs for different categories of driver ages. The rate quotes are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
Full coverage or liability only
The illustration below shows the difference between Volkswagen Passat car insurance rates with and without full coverage. Data assumes no violations or accidents, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
Should you pay for full coverage?
There is no set guideline to delete physical damage coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Volkswagen Passat replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after the deductible is paid. If it’s costing you more than $300 a year for your policy with full coverage, then you may want to consider only buying liability coverage.
There are a few situations where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.
Insurance Rate Influencing Factors
Lots of things are part of the calculation when premium rates are determined. Most are fairly basic like an MVR report, but others are not as apparent like where you live or how safe your car is. Consumers need to have an understanding of some of the factors that help calculate your policy premiums. When you know what positively or negatively positively or negatively impacts your premiums, this empowers consumers to make smart changes that may reward you with better insurance rates.
The factors shown below are a partial list of the pieces that factor into your prices.
- Liability protection claims can be big – The liability coverage on your policy is the coverage that protects you if you are determined to be liable for damages from an accident. It will provide legal defense coverage which can be incredibly expensive. Liability is cheap as compared to coverage for physical damage, so do not skimp.
- Get cheaper rates if you’re married – Having a significant other may save some money compared to being single. Having a spouse generally demonstrates drivers are more responsible and statistics show married drivers tend to file fewer claims.
- Your career may increase prices – Occupational choices like judges, police officers, and accountants have higher rates than the rest of us in part from intense work-related stress and lengthy work days. Conversely, professions such as professors, athletes and the unemployed generally pay rates lower than average.
- Prevent theft and reduce prices – Buying a car with anti-theft technology or alarm system can get you a discount on your insurance. Advanced theft deterrents such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder auto theft.
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Performance makes a difference – The performance level of the vehicle you are insuring makes a significant difference in your car insurance bill. The lowest base rates will generally be found on lower performance four cylinder passenger cars, but there are many factors that impact the final cost.
The following chart uses these assumptions: single female driver age 40, full coverage with $500 deductibles, and no discounts or violations. It illustrates Volkswagen Passat insurance rates compared to other makes and models that have different risk factors.
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Cheaper to insure gals? – Statistics have proven females are less aggressive when driving. It does not mean women are better drivers. Both sexes get in accidents in similar percentages, but guys have costlier accidents. Not only that, but men also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly.
The information below shows the comparison of Volkswagen Passat premium costs for male and female drivers. The premium estimates are based on no claims or driving violations, full physical damage coverage, $100 deductibles, drivers are not married, and no discounts are applied.
- Where you live can affect rates – Being located in less populated areas may provide you with better prices when insuring your vehicles. People in densely populated areas regularly have more aggressive driving styles and much longer commute distances. Fewer people means a lower chance of having an accident in addition to lower liability claims.
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Volkswagen Passat historical loss data – Companies take into consideration historical loss data for every vehicle as a way to help calculate a profitable premium rate. Models that the data determines to have higher frequency or amount of claims will have increased rates. The data below shows the loss history for Volkswagen Passat vehicles.
For each policy coverage type, the claim amount for all vehicles averaged together is equal to 100. Values that are 100 or less imply a favorable loss record, while percentages above 100 indicate more frequent claims or tendency to have higher losses.
Auto Insurance Loss Data for Volkswagen Passat Models Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Volkswagen Passat 101 99 99 111 113 102 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Do I need an insurance agency?
Certain consumers still prefer to buy from a local agent and that is a smart decision A nice benefit of price shopping on the web is the fact that you can find the best rates but still work with a licensed agent.
For easy comparison, once you complete this form (opens in new window), the quote information is immediately sent to agents in your area that provide free Las Vegas car insurance quotes for your insurance coverage. There is no reason to find an agent because prices are sent immediately to your email address. Get lower rates AND an agent nearby. If you want to get a price quote from a particular provider, you would need to visit that company’s website and submit a quote form there.
Finding the right provider requires more thought than just the bottom line cost. Get answers to these questions too.
- Do they prorate repair cost based on vehicle mileage?
- Do they offer rental car reimbursement?
- What companies can they write with?
- How is replacement cost determined on your vehicle?
- Are they properly licensed to sell insurance in Nevada?
- If they are an independent agency in Las Vegas, which companies do they recommend?
Las Vegas car insurance agents are either independent or exclusive
If you want to buy insurance from local Las Vegas agents, it can be helpful to understand the different types of agents and how they are distinctly different. Insurance agents in Las Vegas can be classified as either exclusive or independent (non-exclusive).
Exclusive Insurance Agents
Agents in the exclusive channel generally can only insure with one company such as Allstate, State Farm and Farm Bureau. Exclusive agents are unable to provide prices from multiple companies so they really need to provide good service. Exclusive agents are trained well on their company’s products and that enables them to sell even at higher rates.
Listed below is a short list of exclusive insurance agencies in Las Vegas who may provide you with price quotes.
State Farm: Eric James
1350 E Flamingo Rd #14 – Las Vegas, NV 89119 – (702) 836-0953 – View Map
LaDonna Koeller – State Farm Insurance Agent
4275 N Rancho Dr #155 – Las Vegas, NV 89130 – (702) 636-9447 – View Map
Allstate Insurance: Sergio A Chavez
4676 W Charleston Blvd – Las Vegas, NV 89102 – (702) 462-9100 – View Map
Independent Agents
Independent agencies often have many company appointments and that allows them to write policies with many different companies depending on which coverage is best. If your premiums go up, they can switch companies in-house and you stay with the same agent.
When comparing rate quotes, you definitely need to get several quotes from multiple independent agents so that you can do a thorough price comparison.
Below are independent agents in Las Vegas who can help you get comparison quotes.
A Dependable Insurance Agency
7150 N Durango Dr #130 – Las Vegas, NV 89149 – (702) 880-9000 – View Map
Invest America Insurance LLC
6190 W Charleston Blvd – Las Vegas, NV 89146 – (702) 685-3888 – View Map
All Nevada Insurance
9440 W Sahara Ave #210 – Las Vegas, NV 89117 – (702) 873-4889 – View Map
If you get acceptable answers to all your questions and locked in a price quote, you may have found an insurance agency that is professional and can insure your vehicles.
Auto insurance protects more than just your car
Even though Las Vegas Passat insurance rates can get expensive, buying auto insurance may not be optional for several reasons.
- Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific minimum amount of liability coverage in order to be legal. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Volkswagen Passat, most lenders will force you to have physical damage coverage to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Volkswagen for a much higher rate and require you to pay a much higher amount than you were paying before.
- Insurance safeguards not only your car but also your financial assets. Insurance will pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also covers legal expenses if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of having auto insurance greatly outweigh the cost, especially if you ever need it. According to a recent study, the average American driver is overpaying over $700 annually so shop around once a year at a minimum to ensure rates are competitive.
Find affordable rates by being thorough
Throughout this article, we presented quite a bit of information on how to reduce Volkswagen Passat insurance prices online in Las Vegas. The key concept to understand is the more times you quote, the better likelihood of getting the cheapest Volkswagen Passat rate quotes. Drivers may even discover the best prices are with the least-expected company. Smaller companies can often provide lower rates in certain areas than their larger competitors like Allstate and Progressive.
When you buy Las Vegas car insurance online, never skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to find the BEST coverage at an affordable rate.
More resources
- Safety Tips for Teen Drivers (Insurance Information Institute)
- What Auto Insurance is Cheapest for Teenagers in Las Vegas? (FAQ)
- What is the Cheapest Car Insurance in Las Vegas, Nevada? (FAQ)
- Who Has the Cheapest Auto Insurance for a Ford Escape in Las Vegas? (FAQ)
- Who Has the Cheapest Car Insurance for 17 Year Olds in Las Vegas? (FAQ)
- Things to Know Before you Cancel Insurance (Allstate)
- Information for Teen Drivers (GEICO)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Auto Insurance 101 (About.com)