Do you want to stop overpaying and find the cheapest Volkswagen Eos insurance in Chicago? If you are new to getting Chicago car insurance quotes online, it’s easy to get baffled due to the large number of companies selling insurance in Chicago.
It’s shocking but the majority of drivers have been with the same company for at least four years, and nearly half have never even compared rates from other companies. With the average auto insurance premium being $1,500, Chicago drivers can save hundreds of dollars each year by just comparing rate quotes, but they just don’t understand the benefits if they switch to a new company.
Consumers should take time to get comparison quotes on a regular basis because auto insurance prices change regularly. Even if you got the lowest rates on Volkswagen Eos insurance in Chicago last year there is a good chance you can find better rate quotes now. Forget anything you know (or think you know) about auto insurance because you’re going to get a crash course in the right way to find better rates and still maintain coverage.
Companies offering competitive Volkswagen Eos rate quotes in Chicago, IL
The auto insurance companies shown below are ready to provide price comparisons in Illinois. If more than one company is shown, we recommend you visit two to three different companies to get the lowest price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|EOS Komfort Turbo 2-Dr Convertible||$206||$398||$352||$20||$106||$1,082||$90|
|EOS Luxury Turbo 2-Dr Convertible||$178||$340||$250||$14||$76||$858||$72|
|Get Your Own Custom Quote Go|
Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Estimates do not factor in vehicle garaging location which can increase or decrease premium rates considerably.
Higher deductibles save money
The diagram below illustrates how your deductible choice and can affect Volkswagen Eos insurance prices for each age group. The data assumes a married male driver, full coverage, and no discounts are applied to the premium.
Insurance discounts help lower rates for Volkswagen Eos insurance in Chicago
Some insurers do not list all available discounts very clearly, so we took the time to find some of the more common and also the more inconspicuous discounts you could be receiving when you buy Chicago car insurance online.
- Anti-lock Brake System – Vehicles with ABS and/or traction control have fewer accidents and qualify for as much as a 10% discount.
- Savings for New Vehicles – Insuring a vehicle that is new may earn a small discount since newer models have better safety ratings.
- Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems can receive discounts as much as 30%.
- Claim-Free Discount – Insureds who avoid accidents and claims can earn big discounts when compared with drivers who are more careless.
- Discounts for Government Workers – Being employed by or retired from a federal job could cut as much as 10% off with select insurance companies.
A little note about advertised discounts, some of the credits will not apply to the overall cost of the policy. Some only reduce specific coverage prices like comprehensive or collision. Even though it may seem like adding up those discounts means a free policy, you’re out of luck.
Companies and some of their more popular discounts are outlined below.
- Mercury Insurance has savings for good student, ease of repair, location of vehicle, good driver, multi-car, and professional/association.
- Farmers Insurance may include discounts for early shopping, teen driver, multi-car, good student, youthful driver, homeowner, and switch companies.
- Farm Bureau may have discounts that include multi-vehicle, youthful driver, driver training, multi-policy, renewal discount, and 55 and retired.
- State Farm discounts include defensive driving training, passive restraint, good driver, driver’s education, and Steer Clear safe driver discount.
- Allstate policyholders can earn discounts including eSmart discount, good payer, teenSMART discount, FullPay discount, EZ pay plan discount, senior citizen, and premier discount.
- GEICO offers discounts for defensive driver, good student, anti-theft, emergency military deployment, anti-lock brakes, and seat belt use.
When getting free Chicago car insurance quotes, it’s a good idea to each company to apply every possible discount. Depending on the company, some discounts might not be offered on policies in every state. If you would like to choose from a list of insurance companies that can offer you the previously mentioned discounts in Chicago, click here to view.
Seven Things That Determine Your Insurance Prices
Many things are part of the equation when you get a price on insurance. Some of the criteria are obvious such as your driving record, although others are less apparent like your continuous coverage or how financially stable you are. One of the most helpful ways to save on insurance is to to have a grasp of the factors that are used to determine the rates you pay for insurance. When consumers understand what impacts premium levels, this empowers consumers to make smart changes that can earn you cheaper rates.
Pleasure use or commuting – The more you drive your Volkswagen each year the more you’ll pay to insure your vehicle. Almost all companies charge to insure your cars based on how the vehicle is used. Cars that sit idle most of the time receive better premium rates than vehicles that are driven to work every day. Having an incorrect usage rating on your Eos can cost quite a bit. It’s a good idea to make sure your vehicle rating shows the right rating data.
Add-on coverages push up costs – There are quite a few add-on coverages you can purchase on your insurance policy. Coverages for personal injury protection, accident forgiveness, and term life insurance may not be needed and are just wasting money. The coverages may be enticing initially, but if you don’t need them remove them and pocket the money.
Deter vehicle theft – Driving a car that has an advanced theft prevention system can help lower your rates. Theft prevention devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can thwart car theft.
Better credit means lower costs – An insured’s credit history can be an important factor in determining your rates. People with excellent credit scores tend to be better risks to insure than drivers who have poor credit scores. If your credit rating could use some work, you could be paying less to insure your Volkswagen Eos by improving your rating.
Buy as much liability as you can afford – The liability section of your policy is the coverage that protects you when you are responsible for damages caused by your negligence. This coverage provides you with a defense in court to attempt to prove you were not liable. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so do not cut corners here.
Accidents hurt – Drivers with clean records have lower premiums as compared to those with violations. Having just one speeding ticket can bump up the cost forty percent or more. Drivers who have severe violations like reckless driving, hit and run or driving under the influence may need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to prevent their license from being revoked.
More policies can equal more savings – Most major insurance companies provide discounts to clients that purchase more than one policy such as combining an auto and homeowners policy. The discount can be five, ten or even twenty percent. Even with this discount applied, you may still want to compare other company rates to confirm you are receiving the best rates possible.
Loss probability for a Volkswagen Eos – Companies use historical loss data to calculate a price that will offset losses. Models that the data determines to have increased losses will cost more to insure. The information below illustrates the collected loss data for Volkswagen Eos vehicles.
For each policy coverage type, the statistical loss for all vehicles, regardless of make or model, is represented as 100. Numbers shown that are under 100 represent a good loss history, while values that are 100 or greater indicate more frequent losses or a tendency for claims to be larger.
Volkswagen Eos Insurance Loss Statistics
|Make and 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 IIHS.org for 2013-2015 Model Years
Independent or exclusive car insurance agents
Some consumers still like to buy from a licensed agent and that is a personal choice. One of the best bonuses of price shopping on the web is you may find the lowest rates and still buy from a local agent.
To find an agent, once you fill out this short form, your insurance data is sent to insurance agents in Chicago that can give you free Chicago car insurance quotes for your business. It simplifies rate comparisons since you won’t have to contact any agents since rate quotes are delivered immediately to your email address. You can find the lowest rates AND a local agent. If you have a need to get a rate quote from a specific insurance company, you just need to jump over to their website and submit a quote form there.
Choosing an provider requires you to look at more than just the premium amount. Ask your prospective agent these questions:
- Is insurance their full-time profession?
- Do the companies they represent have a solid financial rating?
- Is the coverage adequate for your vehicle?
- Who are their largest clients?
- Does the agent help file claims?
- Do they have a Better Business Bureau rating in Chicago?
If you want an insurance agent, you need to know there are two different types of agents from which to choose. Insurance agencies in Chicago can be classified as either exclusive or independent (non-exclusive).
Exclusive agents can only write with one company like AAA, State Farm, Farmers Insurance, and Allstate. They usually cannot place coverage with different providers so they are skilled at selling on more than just price. Exclusive agents are well schooled in insurance sales and that enables them to sell even at higher rates. Some people will only buy insurance from these agents primarily because of the brand name and solid financial strength.
Shown below are exclusive agencies in Chicago who can help you get price quotes.
- Angela Roudez – State Farm Insurance Agent
1505 S State St – Chicago, IL 60605 – (312) 663-1820 – View Map
- Neal Gallo – State Farm Insurance Agent
6666 N Western Ave – Chicago, IL 60645 – (773) 743-6565 – View Map
- Sylvia Torres Underhill – State Farm Insurance Agent
2422 S Oakley Ave – Chicago, IL 60608 – (773) 376-1166 – View Map
Independent Insurance Agents
Agents in the independent channel are normally appointed by many insurers so they have the ability to put coverage through many companies and get you the best rates possible. If your premiums go up, your policy is moved internally and you don’t have to switch agencies. If you are comparing rate quotes, it’s a good idea to include a couple of independent agencies to have the best price comparison. They also have the ability to place coverage with additional companies that you may not be familiar with who may have lower rates.
The following is a short list of independent agents in Chicago who can help you get comparison quotes.
- Riehn Insurance
4541 N Lincoln Ave – Chicago, IL 60625 – (773) 561-4200 – View Map
- Eagle Insurance Agency
3517 N Spaulding Ave – Chicago, IL 60618 – (773) 463-7576 – View Map
- Public Insurance Agency
3656 N Cicero Ave – Chicago, IL 60641 – (773) 725-9333 – View Map
After you get answers to your satisfaction for all questions you ask as well as an affordable premium quote, you have narrowed it down to an auto insurance agent that will properly service your auto insurance policy. Just be aware that consumers can cancel a policy whenever you choose to so never assume that you are permanently stuck with a specific agent for any length of time.
Auto insurance advertising gotchas
Big name companies like State Farm and Allstate continually stream television and radio advertisements. They all convey the message of big savings if you move to their company. Is it even possible that every company can charge less that you’re paying now? Just pay attention to how they say it.
Most companies offer their best rates for the type of customer that will generate a profit. For instance, a profitable risk profile might have to be between the ages of 30 and 50, has no driving citations, and has excellent credit. Any new insured who matches those parameters will probably get cheap car insurance rates and will also save if they switch.
Drivers who fall short of the requirements may be forced to pay higher premium rates which usually ends up with the prospect going elsewhere. If you listen closely, the ads state “customers that switch” not “all people who quote” save that much when switching. That is how insurance companies can confidently make the claims of big savings. Because each company has a different risk profile, drivers should compare quotes as often as possible. Because you cannot predict which insurance companies will have the best car insurance rates at this point in time.
Smart consumers save more
We just showed you a lot of ways to find cheaper Volkswagen Eos insurance in Chicago. The key concept to understand is the more companies you get rates for, the better your comparison will be. Consumers could even find that the best prices are with a lesser-known regional company.
Budget-conscious Volkswagen Eos insurance is possible on the web as well as from insurance agents, so you should compare both in order to have the best price selection to choose from. A few companies may not offer the ability to get a quote online and most of the time these regional carriers provide coverage only through independent agents.
When searching for affordable Volkswagen Eos insurance quotes, you should never skimp on coverage in order to save money. In too many instances, an insured cut comprehensive coverage or liability limits only to regret they didn’t purchase enough coverage. Your aim should be to get the best coverage possible at the best possible price while not skimping on critical coverages.
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