It’s easy to assume that car insurance companies don’t want customers comparing rates. Insureds who get price quotes annually are very likely to buy a new policy because there is a good probability of finding lower prices. A survey found that consumers who make a habit of shopping around saved an average of $865 a year compared to those who never shopped around for lower prices.
If finding the lowest rates on car insurance is your ultimate objective, learning how to get price quotes and compare coverage rates can help you be more efficient.
It takes a little time, but the best way to find cheaper quotes for car insurance rates in Louisville is to make a habit of regularly comparing prices from insurers in Kentucky.
- Step 1: Read and learn about how car insurance works and the modifications you can make to prevent rate increases. Many rating criteria that cause high rates such as speeding and a less-than-favorable credit history can be remedied by making minor changes in your lifestyle.
- Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like Progressive or State Farm, while agents who are independent can provide price quotes from multiple sources. Click to view companies
- Step 3: Compare the quotes to your existing policy to see if a cheaper rate is available. If you can save some money and change companies, ensure coverage does not lapse between policies.
- Step 4: Tell your current company of your intent to cancel your existing policy. Submit the application along with any required down payment to your new agent or company. Don’t forget to place the new certificate verifying proof of insurance in your vehicle.
The most important part of shopping around is that you’ll want to make sure you compare the same level of coverage on each price quote and and to get rate quotes from as many companies as possible. This provides an apples-to-apples comparison and a complete selection of prices.
Affordable Louisville auto insurance rates with discounts
Some providers do not advertise every discount they offer very well, so we break down some of the more common and the harder-to-find credits that you can use to lower your rates.
- Braking Control Discount – Cars and trucks that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
- Drive Safe and Save – Insureds who avoid accidents may save up to 50% more than drivers with accidents.
- Full Payment Discount – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can avoid the installment charge.
- Accident Waiver – Not a discount per se, but a few companies such as Allstate and GEICO will let one accident slide before your rates go up if you have no claims for a specific time period.
- Save with More Vehicles Insured – Buying coverage for several vehicles with the same company can reduce rates for all insured vehicles.
- Discount for Swiching Early – A few auto insurance companies offer discounts for switching companies early. It’s a savings of about 10%.
- Discount for Life Insurance – Insurance carriers who offer life insurance give a discounted premium rate on car insurance if you buy auto and life insurance together.
- Paperwork-free – A few larger online companies provide a small discount for signing up on their website.
- Memberships – Having an affiliation with specific professional or occupational memberships or organizations can get you a small discount when getting a Louisville car insurance quote.
- Louisville Homeowners Discount – Owning your own home or condo can earn you a little savings because maintaining a house is proof that your finances are in order.
A little disclaimer on discounts, most credits do not apply to the entire policy premium. A few only apply to individual premiums such as physical damage coverage or medical payments. So when the math indicates all the discounts add up to a free policy, you won’t be that lucky.
The information below compares Volkswagen Eos insurance prices with and without discounts applied to the rates. The costs are based on a female driver, no claims, a clean driving record, Kentucky state minimum liability limits, full 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, safe-driver, homeowner, claim-free, multi-policy, and marriage discounts applied.
A list of companies and a partial list of their discounts are outlined below.
- Progressive policyholders can earn discounts including online quote discount, multi-vehicle, continuous coverage, multi-policy, homeowner, good student, and online signing.
- GEICO includes discounts for multi-vehicle, membership and employees, daytime running lights, five-year accident-free, anti-lock brakes, good student, and anti-theft.
- State Farm has discounts for driver’s education, good driver, safe vehicle, defensive driving training, and Drive Safe & Save.
- Esurance offers discounts for multi-policy, DriveSense, Switch & Save, anti-theft, emergency road assistance, safety device, and anti-lock brakes.
- The Hartford may include discounts for defensive driver, good student, air bag, bundle, and anti-theft.
Check with all the companies which discounts you may be entitled to. Some credits may not apply to policyholders in every state. To choose insurance companies that offer the discounts shown above in Louisville, click this link.
The companies shown below are our best choices to provide comparison quotes in Kentucky. To find the best cheap car insurance in KY, we recommend you get rates from several of them to get a more complete price comparison.
Volkswagen Eos insurance rate analysis
The premium information displayed below outlines estimates of insurance coverage prices for Volkswagen Eos models. Having a good grasp of how insurance policy premiums are established can assist in making decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $244 | $516 | $368 | $22 | $110 | $1,260 | $105 |
| EOS Luxury Turbo 2-Dr Convertible | $244 | $516 | $368 | $22 | $110 | $1,260 | $105 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Prices do not factor in vehicle garaging location which can impact rates substantially.
Deductible analysis
The hardest decision when buying coverage is how high should the deductibles for physical damage be. The data tables below outline how much more rates are when you buy lower versus higher physical damage deductibles. The first pricing table uses a $250 deductible for physical damage and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| EOS Luxury Turbo 2-Dr Convertible | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| EOS Luxury Turbo 2-Dr Convertible | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Price information does not factor in garaging location in Louisville which can change coverage prices significantly.
Based on the figures above, using a $250 deductible costs an average of $26 more each month or $312 for a full year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 29 months between claim filings, you would save money if you elect the higher deductible.
How You Can Control Volkswagen Eos Insurance Costs
The best way to find cheaper insurance is to take a look at the different types of things that help calculate your policy premiums. If you have some idea of what controls the rates you pay, this allows you to make educated decisions that can help you get better insurance rates. Lots of factors are part of the equation when you quote your car insurance policy. Most are fairly basic like an MVR report, although some other factors are less apparent like your continuous coverage or your financial responsibility.
Having a spouse can lower rates – Getting married actually saves money when shopping for insurance. Marriage demonstrates that you tend to be more responsible and it’s proven that married couples file fewer claims.
Cars with good safety ratings means cheaper rates – Safer cars get lower rates. Safer cars have better occupant injury protection and better occupant protection means less money paid by your insurance company which can mean better rates for you.
Prevent your car from being stolen – Choosing a vehicle that has an advanced theft prevention system can save you some money. Theft prevention devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent car theft.
Cheaper to insure gals? – Over time, data shows that men are more aggressive behind the wheel. The data does not necessarily mean that females are better drivers. They both are responsible for at-fault accidents at about the same rate, but males have costlier accidents. Men also statistically get cited for more serious violations like driving under the influence (DUI). Male drivers age 16 to 19 generally have the highest accident percentage and therefore pay the highest rates.
The chart below visualizes the comparison of Volkswagen Eos car insurance rates for male and female drivers. The data is based on no accidents, no driving violations, full physical damage coverage, $100 deductibles, single status, and no discounts are taken into consideration.
Additional coverages that may be costing you – Insurance policies have a lot of additional coverages that you can buy if you aren’t careful. Add-on coverages like replacement cost coverage, high-cost glass coverage, and motor club memberships are probably not needed. They may seem like a good idea when buying your policy, but your money might be better spent on other coverage so remove them from your policy.
Don’t cut corners with liability coverage – The liability coverage on your policy will protect you when you are determined to be liable for causing personal injury or damage in an accident. Liability insurance provides legal defense coverage which can be incredibly expensive. Liability insurance is quite affordable compared to physical damage coverage, so buy as much as you can afford.
Insure your auto and home with one company – Many companies give discounts to people that buy multiple policies. It’s known as a multi-policy discount. The amount of the discounts can be 10 percent or more. Even if you qualify for this discount already, drivers will still want to get quotes from other companies to confirm you are receiving the best rates possible. You may still be able to save more without the discount by splitting coverages up.
Volkswagen Eos insurance claim data – Car insurance companies include the past claim trends for vehicles when setting premium rates. Models that the data shows to have higher loss trends will cost more to insure. The next table shows the loss history for Volkswagen Eos vehicles.
For each policy coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, equals 100. Numbers shown that are under 100 represent a good loss history, while numbers shown that are more than 100 indicate a higher chance of having a claim or statistically larger losses.
| Vehicle 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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance agents can help
Certain consumers would rather get advice from a local agent and often times that is recommended Good agents can help you choose the best coverages and will help you if you have claims. One of the great benefits of comparing insurance online is that you can obtain better rates and still buy from a local agent. And supporting local insurance agencies is especially important in Louisville.
By using this simple form, your insurance coverage information is instantly submitted to local insurance agents that can give you free Louisville car insurance quotes for your insurance coverage. You don’t have to visit any agencies since price quotes are sent straight to your inbox. If you want to get a rate quote for a specific company, don’t hesitate to visit that company’s website and fill out the quote form the provide.
When looking for a local agent, there are a couple of different types of agencies and how they are distinctly different. Agents are classified as either independent or exclusive depending on the company they work for. Either type can sell affordable insurance policies, but it’s important to point out how they are different because it can influence your selection of an agent.
Independent Agents
Agents that elect to be independent are not required to write business for one company so they can quote policies with an assortment of companies and potentially find a lower price. To move your coverage to a new company, your policy is moved internally and you can keep the same agent.
When comparing insurance prices, it’s recommended you include price quotes from multiple independent agents for the best price selection. Many can place coverage with small mutual carriers that may have much lower rates than larger companies.
Below is a short list of independent insurance agents in Louisville that can possibly get you free insurance quotes.
- A Central Insurance Agency
6708 Shepherdsville Rd – Louisville, KY 40228 – (502) 968-1112 – View Map - Nelson Insurance Group
2000 Envoy Cir # 2000 – Louisville, KY 40299 – (502) 736-7000 – View Map - Phil Brown Insurance Agency, Inc.
9300 Shelbyville Rd #1004 – Louisville, KY 40222 – (502) 327-6966 – View Map
Exclusive Insurance Agencies
These type of agents normally can only provide a single company’s rates such as State Farm, AAA, and Liberty Mutual. These agents are unable to compare rates from other companies so if the price isn’t competitive there isn’t much they can do. These agents are trained well on their company’s products which helps them sell on service rather than price. Some people will only buy from the same agent for years primarily because of loyalty to the company instead of buying on price only.
Listed below are Louisville exclusive agencies that can give you rate quotes.
- Clay Robinson – State Farm Insurance Agent
8145 New La Grange Rd – Louisville, KY 40222 – (502) 426-1511 – View Map - Brandon Warren – State Farm Insurance Agent
12342 Shelbyville Rd – Louisville, KY 40243 – (502) 254-9300 – View Map - Richard White – State Farm Insurance Agent
2420 Lime Kiln Ln Ste E – Louisville, KY 40222 – (502) 326-9800 – View Map
Finding a good insurance agency requires more thought than just the price. Some important questions to ask are:
- What will you get paid if your car is a total loss? How is that amount determined?
- Will your rates increase after a single accident?
- Does the agency provide any after hours assistance?
- How experienced are they in personal risk management?
- Do you work with a CSR or direct with the agent?
- Is the coverage adequate for your vehicle?
- Does their agency support local causes in Louisville?
Once you have good responses to these questions as well as offering an affordable quote, you have narrowed it down to an auto insurance agent that can properly service your insurance policy. Just keep in mind you have the power to cancel coverage at any point so never feel that you are obligated to a policy for any length of time.
Why you need insurance for your Volkswagen Eos
Despite the potentially high cost of Volkswagen Eos insurance, insurance may be mandatory for several reasons.
First, most states have minimum liability requirements which means you are required to buy a specific level of liability protection in order to drive the car. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a loan on your vehicle, almost all lenders will force you to have insurance to ensure they get paid if you total the vehicle. If the policy lapses, the bank or lender will purchase a policy for your Volkswagen at a much higher premium rate and make you pay for the expensive policy.
Third, auto insurance preserves both your assets and your car. It will also reimburse you for hospital and medical expenses for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, will also pay to defend you if anyone sues you for causing an accident. If your Volkswagen gets damaged, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of insuring your car outweigh the cost, particularly if you ever have a claim. According to a 2015 survey, the average American driver overpays more than $820 a year so shop around each time the policy renews to be sure current rates are still competitive.
Best car insurance in Louisville
Picking a highly-rated car insurance provider is difficult considering how many companies sell insurance in Kentucky. The company ratings shown below can help you decide which car insurance companies to look at comparing prices from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Erie Insurance | 87 | 84 | 85 | 85% | A+ | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Cheap coverage is out there
Cheap Volkswagen Eos insurance in Louisville is available 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. Some companies do not offer price quotes online and these small, regional companies sell through independent insurance agents.
Insureds switch companies for many reasons like being labeled a high risk driver, delays in paying claims, delays in responding to claim requests and extreme rates for teen drivers. Regardless of your reason for switching companies, switching insurance companies is pretty simple and you could end up saving a buck or two.
When searching for cheaper Louisville car insurance quotes, it’s a bad idea to buy lower coverage limits just to save a few bucks. Too many times, consumers will sacrifice comprehensive coverage or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to get the best coverage possible at a price you can afford, but do not sacrifice coverage to save money.
Additional insurance information can be found at these links:
- Alcohol Impaired Driving FAQ (iihs.org)
- Who Has Affordable Louisville Auto Insurance Quotes for College Students? (FAQ)
- How Much are Louisville Car Insurance Rates for a Ford Escape? (FAQ)
- Who Has Affordable Louisville Auto Insurance Rates for Active Military? (FAQ)
- What Auto Insurance is Cheapest for a GMC Acadia in Louisville? (FAQ)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Insurance Losses by Make and Model (iihs.org)
- Drunk Driving Statistics (Insurance Information Institute)