Would you like to stop overpaying and find the cheapest Volkswagen Beetle insurance in Tulsa? Finding better insurance prices for a Volkswagen Beetle in Oklahoma could be an all-consuming task, but you can follow our auto insurance buying tips to save time. There is a right way and a wrong way to buy auto insurance and we’ll show you the proper way to get price quotes for your Volkswagen and get the lowest price.
It is always a good idea to take a look at other company’s rates before your next renewal because auto insurance prices are usually higher with each renewal. Just because you had the lowest rates on Volkswagen Beetle insurance in Tulsa two years ago the chances are good that you can find a lower rate quote today. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate the best way to find better coverage on Volkswagen Beetle insurance in Tulsa at a better price.
Finding the cheapest insurance coverage in Tulsa is easy if you know what you’re doing. If you are insured now or want to find a cheaper company, you can use this information to buy cheaper insurance without reducing protection. Smart buyers just have to understand the fastest way to compare price quotes from many companies at once.
Getting a more affordable price on insurance is an easy way to save money. All you need to do is take the time comparing rates provided by online insurance companies.
The companies shown below offer free rate quotes in Tulsa, OK. If multiple companies are listed, it’s a good idea that you visit two to three different companies to get the most affordable price.
Rates and detailed analysis
The data table below outlines a range of insurance policy prices for Volkswagen Beetle models. Being more informed about how rate quotes are determined is important for you to make decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $274 | $538 | $392 | $24 | $118 | $1,346 | $112 |
| Beetle 2-Dr Convertible | $356 | $634 | $304 | $18 | $92 | $1,404 | $117 |
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Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Premium costs do not factor in garaging location in Tulsa which can change rates substantially.
An analysis of deductible level
When shopping for car insurance, a common question is which comprehensive and collision deductibles to buy. The rates shown below summarize the cost difference between high and low policy deductibles. The first price estimate table uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $302 | $584 | $382 | $22 | $114 | $1,429 | $119 |
| Beetle 2-Dr Convertible | $392 | $688 | $296 | $18 | $88 | $1,507 | $126 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $186 | $368 | $382 | $22 | $114 | $1,072 | $89 |
| Beetle 2-Dr Convertible | $242 | $432 | $296 | $18 | $88 | $1,076 | $90 |
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Estimates do not factor in specific garaging location which can decrease or increase price quotes significantly.
We can estimate from the data above that using a $250 deductible costs roughly $33 more each month or $396 each year than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 23 months between claim filings, you would come out ahead if you choose a higher deductible.
How to calculate if a higher deductible is a good decision
| Average monthly premium for $250 deductibles: | $123 |
| Average monthly premium for $1,000 deductibles (subtract): | – $90 |
| Monthly savings from raising deductible: | $33 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $33 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 23 months |
An important thing to remember is that a higher deductible means you will have to cover more of the damage yourself when you have to file a claim. That will force you to have some available funds in order to pay the deductible for vehicle repair.
Should you buy full coverage?
The diagram below illustrates the difference between Volkswagen Beetle auto insurance costs with and without full coverage. The rate quotes are based on no violations or claims, $500 deductibles, drivers are not married, and no additional discounts are factored in.
When to drop comprehensive and collision
There is no specific rule for dropping physical damage insurance, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s assume your Volkswagen Beetle claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $5,000 after the deductible is paid. If it’s costing in excess of $500 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.
There are some situations where removing full coverage is not advised. If you have an outstanding loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.
Insurance is not optional but you don’t have to overpay
Even though it can be expensive, buying insurance is a good idea for several reasons.
- 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 Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your Volkswagen Beetle, it’s guaranteed your bank will make it a condition of the loan that you have insurance to guarantee loan repayment. If you let the policy lapse, the lender will be forced to insure your Volkswagen for a much higher rate and force you to pay for the expensive policy.
- Insurance protects not only your Volkswagen Beetle but also your financial assets. It will also reimburse you for all forms of medical expenses that are the result of an accident. One policy coverage, liability insurance, will also pay attorney fees if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, your insurance policy will pay to repair the damage minus the deductible amount.
The benefits of buying enough insurance more than cancel out the cost, especially when you need to use it. According to a recent study, the average American driver is overpaying over $850 per year so you should quote rates each time the policy renews to make sure the price is not too high.
Tulsa Insurance Costs are Influenced by These Factors
An important part of buying insurance is that you know a few of the rating criteria that are used to determine the level of your policy premiums. If you know what influences your rates, this allows you to make good choices that can earn you cheaper rates.
Save by staying claim free – Companies in Oklahoma provide the best rates to people who file claims infrequently. If you frequently file small claims, you can look forward to higher premiums or even policy non-renewal. Your insurance policy is intended for larger claims.
Gender and car insurance – Over the last 30 years, statistics show that women are safer drivers than men. Now that doesn’t mean women are better drivers. Men and women cause accidents in similar percentages, but men have costlier accidents. Not only that, but men also receive more major tickets like DWI (DUI) or reckless driving. Young men ages 16 to 20 are several times more likely to be in an accident and thus pay the highest rates.
The information below shows the comparison of Volkswagen Beetle insurance prices for male and female drivers. The data is based on a clean driving record, no claims, full coverage, $250 deductibles, drivers are not married, and no additional discounts are factored in.
How do annual miles impact premiums? – The higher the mileage driven every year the higher your rates will be. Most companies apply a rate partially by how you use the vehicle. Vehicles that have low annual miles cost less to insure compared to those used for work or business. It’s always a good idea to double check that your policy states how each vehicle is driven, because improper ratings can cost you money. Having an incorrect usage rating on your Beetle may be costing you higher rates.
Bad driving means higher prices – Just one speeding ticket or other violation can increase rates by as much as thirty percent. Drivers with clean records get better rates than people who have multiple driving citations. Drivers unfortunate enough to have multiple violations such as DUI or willful reckless driving may need to complete a SR-22 with their state in order to keep their license.
The example below shows how traffic citations and at-fault collisions can influence Volkswagen Beetle auto insurance costs for different insured age categories. The rate quotes are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
Drivers with high credit save – An insured’s credit score can be a huge factor in determining premium rates. People with good credit tend to be better risks to insure than those with lower ratings. If your credit could use some work, you could be paying less to insure your Volkswagen Beetle by improving your credit score.
Multi-policy discounts can save money – Most larger companies provide lower prices to people who carry more than one policy. It’s known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even if you already get this discount, consumers should still compare other company rates to guarantee you are still saving the most. You may still be able to find better rates by buying insurance from more than one company.
Volkswagen Beetle insurance loss probability – Insurance companies analyze claim trends for every vehicle to calculate a rate that will offset losses. Vehicles that tend to have a trend towards higher claim severity or frequency will have a higher cost to insure. The next table shows the collected loss data for Volkswagen Beetle vehicles.
For each coverage type, the loss probability for all vehicles, as an average, is represented as 100. Percentages below 100 mean the vehicle has better than average losses, while values that are above 100 indicate a higher chance of having a claim or tendency to have higher losses.
| 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 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Compare car insurance prices regularly to save
Cost effective Volkswagen Beetle insurance is possible online as well as from independent agents in Tulsa, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance companies don’t offer online rate quotes and many times these small, regional companies only sell coverage through independent insurance agents.
We just presented a lot of ways to lower your Volkswagen Beetle insurance rates in Tulsa. It’s most important to understand that the more companies you get auto insurance rates for, the better your comparison will be. Drivers may even discover the most savings is with a smaller regional carrier.
As you restructure your insurance plan, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed liability coverage limits only to find out that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to get the best coverage possible for the lowest cost, but do not skimp to save money.
How to find cheaper Volkswagen Beetle insurance in Tulsa
The best way to get discount Volkswagen Beetle insurance in Tulsa is to start comparing prices yearly from different companies in Oklahoma.
First, try to learn a little about the different coverages in a policy and the things you can control to prevent expensive coverage. Many rating criteria that result in higher prices like your driving record and bad credit can be rectified by being financially responsible and driving safely.
Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like GEICO or State Farm, while agents who are independent can quote prices from multiple insurance companies.
Third, compare the new rates to the price on your current policy and see if there is a cheaper rate in Tulsa. If you find better rates and switch companies, verify that coverage does not lapse between policies.
Fourth, provide adequate notice to your current company to cancel the current policy. Submit a signed application and payment to your new carrier. Be sure to safely store the certificate verifying proof of insurance with the vehicle registration.
A good tip to remember is to try to use the same deductibles and limits on each quote and and to get price quotes from as many carriers as you can. Doing this helps ensure a level playing field and a complete price analysis.
To learn more, take a look at the resources below:
- Smart Auto Insurance Tips (Insurance Information Institute)
- Who Has Affordable Tulsa Car Insurance for a Toyota Tacoma? (FAQ)
- Who Has Cheap Tulsa Auto Insurance for a Toyota Camry? (FAQ)
- Who Has Cheap Auto Insurance Rates for Young Drivers in Tulsa? (FAQ)
- What Insurance is Cheapest for a Honda Civic in Tulsa? (FAQ)
- What Insurance is Cheapest for Low Mileage Drivers in Tulsa? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a Toyota Tundra in Tulsa? (FAQ)
- Who Has Affordable Car Insurance for 4×4 Vehicles in Tulsa? (FAQ)
- Prom Night Tips for Teen Drivers (State Farm)
- Rental Reimbursement Coverage (Allstate)