Volkswagen Eos Insurance Quotes in Baltimore

Insurance for Volkswagen EosIf you want to save money, the best way to quote cheaper auto insurance rates in Baltimore is to regularly compare quotes from providers that insure vehicles in Maryland.

First, it will benefit you to learn about individual coverages and the measures you can take to drop your rates. Many rating factors that cause rate increases such as speeding and a low credit rating can be amended by paying attention to minor details.

Second, compare prices from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from a single company like GEICO and State Farm, while independent agencies can provide rate quotes for many different companies.

Third, compare the quotes to your current policy premium to see if a cheaper price is available. If you find a better price and change companies, make sure there is no lapse between the expiration of your current policy and the new one.

One thing to remember is to try to use identical coverage information on every quote and and to get price estimates from all possible companies. Doing this enables a fair price comparison and maximum price selection.

It’s an obvious statement that insurance companies don’t want policyholders to compare prices from other companies. Drivers who shop around once a year will presumably switch companies because there is a high probability of finding lower rate quotes. Surprisingly, a recent survey revealed that drivers who compared rates regularly saved approximately $850 each year as compared to drivers who never shopped around for better prices.

If saving the most money on Volkswagen Eos insurance is your ultimate target, then having some insight into how to choose a company and compare auto insurance can help you succeed in saving money.

Low cost Volkswagen Eos insurance prices in Baltimore, Maryland

When comparing insurance rates, know that comparing more prices gives you a better chance of getting lower pricing.

The companies shown below have been selected to offer comparison quotes in Baltimore, MD. In order to find cheap auto insurance in Baltimore, we suggest you visit two to three different companies to get the best price comparison.

Discounts for affordable auto insurance quotes

Auto insurance is expensive, but you might already qualify for some discounts that can dramatically reduce your bill. Many discounts should be triggered when you get a quote, but some need to be specifically requested before they will apply.Cheaper auto insurance with discounts

As a sidenote, most of the big mark downs will not be given to the entire policy premium. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like it’s possible to get free car insurance, auto insurance companies aren’t that generous.

The example below illustrates the comparison of Volkswagen Eos insurance premiums with and without discounts applied to the policy premium. The premium estimates are based on a male driver, no violations or accidents, Maryland state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, marriage, multi-policy, and homeowner discounts applied.

Popular auto insurance companies and some of their more popular discounts can be found below.

Check with all companies you are considering to apply every possible discount. Some discounts listed above may not be offered in Baltimore. For a list of insurers who offer cheap Volkswagen Eos insurance quotes in Baltimore, click here.

Car insurance analysis for a Volkswagen Eos

The premium table shown below outlines detailed analysis of insurance coverage prices for Volkswagen Eos models. Learning a little about how car insurance prices are formulated can be valuable when making smart choices when purchasing an auto insurance policy.

Volkswagen Eos Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
EOS Komfort Turbo 2-Dr Convertible $224 $428 $390 $24 $116 $1,182 $99
EOS Luxury Turbo 2-Dr Convertible $224 $428 $390 $24 $116 $1,182 $99
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Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in specific garaging location which can decrease or increase prices considerably.

Raise deductibles and save

One frequently asked question is how low should you set your deductibles. The premium rates below lay out the rate differences when you buy lower versus higher insurance deductibles. The first data set uses a $100 deductible and the second price chart uses a $500 deductible.

Volkswagen Eos insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
EOS Komfort Turbo 2-Dr Convertible $394 $744 $406 $24 $122 $1,715 $143
EOS Luxury Turbo 2-Dr Convertible $394 $744 $406 $24 $122 $1,715 $143
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Volkswagen Eos insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
EOS Komfort Turbo 2-Dr Convertible $288 $502 $406 $24 $122 $1,342 $112
EOS Luxury Turbo 2-Dr Convertible $288 $502 $406 $24 $122 $1,342 $112
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Prices do not factor in specific location which can revise premiums greatly.

Using the premium rates above, we can conclude that using a $100 deductible costs roughly $31 more each month or $372 annually than quoting the higher $500 deductible. Since you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 13 months between claim filings, you would save more money by going with a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $100 deductibles: $143
Average monthly premium for $500 deductibles (subtract): – $112
Monthly savings from raising deductible: $31
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $31
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

Rate difference between full and liability-only coverage

The chart below shows the difference between Volkswagen Eos insurance costs when comparing full coverage to liability only. The rate quotes are based on no driving violations, no at-fault accidents, $500 deductibles, single marital status, and no other discounts are factored in.

When to drop comprehensive and collision coverage

There is no exact formula for phasing out physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s pretend your Volkswagen Eos replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying the physical damage deductible. If premium cost is more than $800 a year for full coverage, then it could be time to drop full coverage.

There are some scenarios where only buying liability is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

How do Insurance Providers Determine Volkswagen Eos Insurance Rates?

It’s important that you understand some of the factors that help determine the level of your policy premiums. When you know what positively or negatively determines base rates, this enables you to make decisions that may reward you with better insurance rates.

Your liability limits – Your policy’s liability coverage will provide protection if you are responsible for damages from an accident. Liability provides you with a defense in court starting from day one. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so drivers should carry high limits.

Extra policy coverages that may not be needed – Insurance policies have a lot of extra add-on coverages that may not really be needed when buying insurance. Add-on coverages like coverage for rental cars, accidental death, and Farm Bureau memberships may be wasting your money. These may sound like a good investment when you first buy your policy, but if you have no use for them eliminate them to save money.

Discounts for multiple policies – Most major insurance companies allow lower prices to insureds that purchase more than one policy, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s still a good idea to comparison shop to ensure the best deal. You may still save even more than the discount by insuring with multiple companies.

Tickets are costly – Drivers with clean records get better rates compared to bad drivers. Even a single chargeable violation can boost insurance rates by twenty percent. Drivers who have severe violations like reckless driving or DUI might be required by their state to submit a SR-22 or proof of financial responsibility with their state’s licensing department in order to legally drive a vehicle.

The illustration below illustrates how violations and at-fault collisions can raise Volkswagen Eos auto insurance rates for different categories of driver ages. Data assumes a single female driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.

Save miles driven and save money – The more miles you rack up on your Volkswagen each year the more you’ll pay to insure your vehicle. The majority of insurers rate vehicles based upon how you use the vehicle. Autos that are left in the garage receive lower rates than vehicles that are driven to work every day. Verify your vehicle rating is rated on the proper vehicle usage, because improper ratings can cost you money. An incorrectly rated Eos may be costing you.

Insurance loss data for a Volkswagen Eos – Companies take into consideration historical loss data for every vehicle when setting premium rates. Vehicles that the data determines to have a higher amount or frequency of claims will have increased rates.

The table below outlines the historical insurance loss data for Volkswagen Eos vehicles. For each coverage type, the claim amount for all vehicles, as a total average, is a value of 100. Numbers that are below 100 imply a favorable loss record, while values that are 100 or greater indicate more frequent losses or an increased probability of a larger loss.

Volkswagen Eos Insurance Loss Statistics
Specific Volkswagen Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volkswagen Eos Convertible 88 77 78 76

Empty fields indicate not enough data collected
Statistics from for 2013-2015 Model Years