Auto Insurance Rate Quotes for a Volkswagen Beetle in Portland

Comparing and finding cheaper premium rates for Volkswagen Beetle insurance in Portland is a challenge for people new to comparison shopping online. With such a big selection of agents and insurance companies available, it can quickly become a lot of work to compare premium rates on Volkswagen Beetle insurance.

Discount Volkswagen Beetle insuranceA recent insurance study revealed that 70% of consumers renewed their policy with the same company for over three years, and just short of a majority have never quoted rates to find lower-cost coverage. Oregon drivers could save about $967 every year just by shopping around, but they don’t invest the time required to find lower-cost rates by getting comparison quotes.

Premium rates and analysis

The table shown below outlines different insurance rates for Volkswagen Beetle models. Learning as much as possible about how prices are calculated can help guide drivers when making decisions on the best policy to buy.

Volkswagen Beetle Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Beetle S 2-Dr Hatchback $128 $296 $354 $20 $106 $904 $75
Beetle 2-Dr Convertible $166 $348 $274 $16 $82 $886 $74
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Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Rate information does not factor in vehicle location which can increase or decrease prices considerably.

Policy deductibles

One of the most common insurance questions is how low should you set your deductibles. The comparison tables below may help to illustrate the rate differences between high and low deductibles. The first set of rates uses a $250 physical damage deductible and the second price chart uses a $500 deductible.

Volkswagen Beetle insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Beetle S 2-Dr Hatchback $216 $416 $272 $16 $82 $1,027 $86
Beetle 2-Dr Convertible $278 $490 $210 $12 $64 $1,079 $90
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Volkswagen Beetle insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Beetle S 2-Dr Hatchback $174 $336 $272 $16 $82 $880 $73
Beetle 2-Dr Convertible $226 $396 $210 $12 $64 $908 $76
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in specific garaging location which can increase or decrease coverage rates substantially.

Based on this data, using a $250 deductible will cost you approximately $13 more each month or $156 a year averaged for all Beetle models than choosing the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at least 19 months between claim filings, you would come out ahead if you elect the higher deductible.

How much more does full coverage cost in Portland?

The diagram below illustrates the comparison of Volkswagen Beetle auto insurance costs with and without full coverage. The costs are based on no claims or driving violations, $500 deductibles, single marital status, and no policy discounts are applied.

Guidelines for eliminating full coverage

There is no set guideline of when to exclude physical damage insurance, but there is a general convention. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Volkswagen Beetle settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $5,000 after the deductible is paid. If premiums are more than $500 a year for physical damage coverage, then it might be time to buy liability only.

There are some cases where removing full coverage is not advised. If you haven’t paid off your loan, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

How Insurance Companies Calculate Volkswagen Beetle Insurance Costs

Lots of things are part of the equation when pricing auto insurance. A few of the factors are predictable like your driving record, but other criteria are less apparent like your continuous coverage or how financially stable you are. Part of the car insurance buying process is learning some of the elements that play a part in calculating your policy premiums. If you have some idea of what controls the rates you pay, this allows you to make good choices that can help you get much lower annual insurance costs.

The list below includes just a few of the factors companies use to determine your rate level.

Protect yourself with liability protection – Liability coverage will protect you if you are responsible for personal injury or accident damage. Liability insurance provides legal defense starting from day one. It is affordable coverage when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.

Safer vehicles cost less to insure – Cars with five star safety ratings get lower rates. These vehicles reduce occupant injuries and any reduction in injury severity translates into fewer and smaller insurance claims passed on to you as lower rates. If your Volkswagen is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.

Higher physical damage deductibles lower prices – Insurance for physical damage, aka comp and collision, covers damage that occurs to your Volkswagen. Some instances where coverage would apply would be colliding with a building, hail damage, and burglary. The deductibles you choose tell how much the insured will be required to pay before your car insurance pays a claim. The more damage repair cost you’re willing to pay, the better rate you will receive.

Is your vehicle built for speed? – The type of car you own makes a big difference in the rate you pay. The lowest rates are for the lowest performance passenger cars, but your final cost has many other factors.

The following data is based on a married female driver age 50, full coverage with $250 deductibles, and no discounts or violations. It compares Volkswagen Beetle rates compared to other vehicles that have different risk factors.

Your car’s features help determine rates – Selecting a car model that has an advanced theft prevention system can help bring down rates. Systems that thwart thieves like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart your vehicle from being stolen.

Do you really need to file those car insurance claims? – Auto insurance companies in Oregon give most affordable rates to drivers who do not file claims often. If you file a lot of 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 larger claims.

Insurance losses for a Volkswagen Beetle – Companies study historical loss data when they set coverage costs for each model. Models that tend to have high amounts or severity of claims will cost more to insure. The information below illustrates the collected loss data for Volkswagen Beetle vehicles.

For each coverage type, the claim probability for all vehicles combined as an average is equal to 100. Percentage values below 100 are indicative of better than average losses, while numbers above 100 point to more frequent losses or statistically larger claims.

Insurance Loss Ratings for Volkswagen Beetle Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volkswagen Beetle 101 93 101 85 95 101
Volkswagen Beetle Convertible 85 78 95 76 89 79

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Cheaper car insurance premiums are possible

Some insurance companies do not provide the ability to get a quote online and many times these smaller providers prefer to sell through independent insurance agencies. Cheaper car insurance in Portland is possible both online and with local Portland insurance agents, so you need to compare both to have the best selection.

As you shop your coverage around, it’s not a good idea to buy less coverage just to save a little money. There are a lot of situations where someone dropped full coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy the best coverage you can find at an affordable rate, but do not sacrifice coverage to save money.

We just showed you many ideas to find affordable Volkswagen Beetle insurance in Portland. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. You may even find the best premium rates are with a small local company.

How to find affordable quotes for Volkswagen Beetle insurance in Portland

Really, the only way to get budget Volkswagen Beetle insurance is to start doing an annual price comparison from insurance carriers in Portland. You can shop around by following these guidelines.

Step 1: Gain an understanding of how companies price auto insurance and the things you can change to prevent expensive coverage. Many policy risk factors that cause rate increases like high-risk driving behaviors and a low credit score can be rectified by making minor changes to your lifestyle.

Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agencies can quote rates for many different companies.

Step 3: Compare the new quotes to your existing policy and see if you can save money. If you can save some money, make sure coverage does not lapse between policies.

Step 4: Give proper notification to your current agent or company of your decision to cancel your current coverage. Submit payment and a completed application to your new company or agent. Immediately place the new certificate of insurance with your vehicle’s registration.

An important bit of advice to remember is to compare similar coverage information on each quote request and and to analyze as many carriers as you can. This ensures a fair price comparison and a complete price analysis.

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