It’s an obvious conclusion that auto insurance companies don’t want you to look for a cheaper policy. Consumers who compare rates at least once a year will, in all likelihood, switch companies because they have a good chance of finding a lower-priced policy. Remarkably, a study showed that drivers who compared prices regularly saved $70 a month compared to other drivers who never shopped around for cheaper prices.
If finding the lowest price on insurance is the reason for your visit, then having a grasp of how to shop and compare auto insurance can save time and make the process easier.
If your goal is the lowest price, then the best way to get more affordable car insurance rates is to start comparing prices yearly from different companies in New Orleans.
- First, take a little time to learn about the coverage provided by your policy and the changes you can make to lower rates. Many rating factors that result in higher prices like traffic citations and an unacceptable credit score can be eliminated by being financially responsible and driving safely. Read the full article for additional ideas to get affordable coverage and find overlooked discounts.
- Second, get rate quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from a single company like GEICO or Farmers Insurance, while independent agencies can provide price quotes for a wide range of companies.
- Third, compare the new quotes to your existing policy to see if cheaper Eos coverage is available. If you can save money, make sure there is no coverage gap between policies.
- Fourth, notify your company or agent to cancel your current auto insurance policy. Submit a signed application and payment for your new coverage. Immediately put the new proof of insurance certificate in an easily accessible location.
The key thing to know about shopping around is that you use the same level of coverage on each quote request and to quote with every insurance company. This helps ensure a level playing field and the best rate selection.
When quoting auto insurance, remember that making a lot of price comparisons will increase your chances of finding a lower rate. Some companies don’t provide rate quotes online, so it’s necessary to compare rates on coverage from those companies, too.
The car insurance companies shown below provide free rate quotes in New Orleans, LA. To locate the best car insurance in New Orleans, LA, we recommend you click on several of them to get the most competitive price.
Discount New Orleans car insurance quotes
Some insurers don’t always publicize every policy discount very well, so we break down a few of the more common and the more hidden discounts that may be available. If you do not double check each discount you deserve, you could be paying more than you need to.
- Senior Citizen Discount – Mature drivers may be able to get a discount up to 10%.
- Military Rewards – Having a deployed family member may lower your car insurance rates slightly.
- Waiver for an Accident – Not a discount per se, but companies like GEICO, State Farm, and Progressive will allow you to have one accident without raising rates if you have no claims for a certain period of time.
- Paperless Signup – A few larger online companies will discount your bill up to fifty bucks for signing up on their website.
- Discount for Life Insurance – Select insurance carriers reward you with a discount if you purchase a life policy as well.
As a sidenote, many deductions do not apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think having all the discounts means you get insurance for free, companies wouldn’t make money that way.
The information below illustrates the comparison of Volkswagen Eos insurance premiums with and without discounts being applied to the rates. The costs are based on a male driver, no claims or driving violations, Louisiana state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, marriage, multi-policy, multi-car, and homeowner discounts applied.
Some of the insurance companies who might offer some of the above discounts include:
Before you buy a policy, ask every company the best way to save money. Savings may not apply to policies in every state. To view insurance companies with significant discounts in New Orleans, follow this link.
Volkswagen Eos insurance rates and statistics
The premium table shown next showcases different insurance rates for Volkswagen Eos models. Learning a little about how insurance quotes are calculated is important for drivers to make informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $284 | $564 | $488 | $28 | $146 | $1,510 | $126 |
| EOS Luxury Turbo 2-Dr Convertible | $284 | $564 | $488 | $28 | $146 | $1,510 | $126 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Table data does not factor in specific zip code location which can affect price quotes greatly.
Raise deductibles and save
One of the more difficult decisions when buying car insurance is where to set your physical damage deductibles. The premium rates below show how much more you’ll pay between high and low physical damage coverage deductibles. The first rate quote example uses a $250 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $406 | $712 | $464 | $28 | $140 | $1,775 | $148 |
| EOS Luxury Turbo 2-Dr Convertible | $406 | $712 | $464 | $28 | $140 | $1,775 | $148 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $250 | $448 | $464 | $28 | $140 | $1,330 | $111 |
| EOS Luxury Turbo 2-Dr Convertible | $250 | $448 | $464 | $28 | $140 | $1,330 | $111 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Rate quotes do not factor in specific zip code location which can modify insurance rates substantially.
Using the data above, we can ascertain that using a $250 deductible will cost you approximately $37 more each month or $444 each year across all Volkswagen Eos models than requesting 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 more than 20 months between claim filings, you would come out ahead going with the higher deductible. Here’s a better example of how you can perform this determination yourself.
| Average monthly premium for $250 deductibles: | $148 |
| Average monthly premium for $1,000 deductibles (subtract): | – $111 |
| Monthly savings from raising deductible: | $37 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $37 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 20 months |
Gender-based car insurance premiums
The chart below compares Volkswagen Eos car insurance rates for male and female drivers. The premiums are based on no violations or claims, full coverage, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.
Volkswagen Eos Insurance Cost Factors
Smart consumers have a good feel for a few of the rating criteria that go into determining your auto insurance rates. When consumers understand what determines premiums, this allows you to make good choices that could result in lower premium levels.
- Good credit saves on auto insurance – Having a bad credit history will be a significant factor in determining premium rates. Consumers who have very high credit ratings tend to be more responsible than those with lower credit ratings. If your credit score can be improved, you could pay less to insure your Volkswagen Eos by taking the time to improve your credit score.
- Job reflects on premiums – Did you know that where you work can have an impact on rates? Careers such as judges, social workers, and medical professionals generally pay higher premium rates due to high stress and long work days. On the other hand, careers like professors, historians and retirees pay lower than average rates.
- Your location is important – Residing in less populated areas of the country has it’s advantages when it comes to auto insurance. People in densely populated areas have more aggressive driving styles and higher rates of accident claims. Fewer people means less chance of accidents and a lower car theft rate.
- Lower premiums with continuous coverage – Driving your car without having proper coverage can get you a ticket and as a result your rates will increase for letting your insurance lapse. Not only will you pay more, failure to provide proof of insurance could result in fines or a revoked license. You will then be forced to submit proof of financial responsibility or a SR-22 with the Louisiana DMV.
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Volkswagen Eos insurance loss data – Insurance companies use past loss statistics for each vehicle to help calculate premium costs. Vehicles that are shown to have a higher amount or frequency of claims will have a higher cost to insure.
The next table shows the loss history for Volkswagen Eos vehicles. For each policy coverage type, the statistical loss for all vehicles averaged together is set at 100. Numbers below 100 imply a favorable loss record, while values that are above 100 point to more frequent losses or statistically larger losses.
Car Insurance Loss Data for Volkswagen Eos Models Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Volkswagen Eos Convertible 88 77 78 76 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Don’t I need to have guidance from an agent?
Many drivers still prefer to get professional advice from a licensed agent and that is not a bad decision An additional benefit of comparing auto insurance online is the fact that drivers can get cheap auto insurance rates and still have an agent to talk to. And providing support for local agents is especially important in New Orleans.
After filling out this short form, the coverage information is sent to local insurance agents in New Orleans who will give you quotes for your auto insurance coverage. It’s much easier because you don’t need to contact any agents as quotes are delivered to your email. You can find lower rates and a licensed agent to talk to. If you wish to quote rates for a specific company, you would need to visit that company’s website to submit a rate quote request.
Finding the right insurance company should include more criteria than just a cheap price quote. These are some valid questions you should ask.
- How much training do they have in personal risk management?
- Will high miles depreciate repair valuations?
- Is working in the agency their full-time job?
- If they are an independent agency in New Orleans, which companies do they recommend?
- Which companies can they place coverage with?
- If your car is in the repair shop, do you have coverage for a rental car?
- Do they receive special compensation for putting your coverage with one company over another?
If you receive positive responses for all questions you ask as well as a price you’re happy with, it’s a good possibility that you have found an insurer that can service your policy.
How much insurance do I need?
When choosing insurance from an agent or online for your personal vehicles, there really is not a best way to insure your cars. Your situation is unique.
These are some specific questions can help discover if you might need professional guidance.
- Should I rate my Volkswagen Eos as pleasure use or commute?
- Am I missing any policy discounts?
- Am I covered if I break a side mirror?
- Am I covered if hit by an uninsured driver?
- Is my camper covered for physical damage?
- Is business property covered if stolen from my car?
- Is my business laptop covered if it gets stolen from my vehicle?
If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form.
Car insurance company ratings
Picking the best insurance company can be challenging considering how many companies sell insurance in Louisiana. The ranking information in the next section could help you pick which auto insurance companies you want to consider when comparing rate quotes.
Top 10 New Orleans Car Insurance Companies Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
You can lower your insurance rates
As you shop your coverage around, it’s very important that you do not buy less coverage just to save a little money. There have been many cases where consumers will sacrifice physical damage coverage only to discover later that the savings was not a smart move. Your strategy should be to find the BEST coverage for the lowest cost, not the least amount of coverage.
Budget-friendly insurance in New Orleans can be found online and also from your neighborhood New Orleans agents, so you need to quote New Orleans car insurance with both to have the best rate selection. A few companies don’t offer online rate quotes and these regional insurance providers only sell through local independent agencies.
Drivers leave their current company for a number of reasons such as delays in paying claims, lack of trust in their agent, questionable increases in premium and high rates after DUI convictions. Regardless of your reason, finding a new insurance company can be less work than you think.
Additional articles
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- Who Has the Cheapest New Orleans Car Insurance Rates for a Dodge Ram? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Drivers Requiring a SR22 in New Orleans? (FAQ)
- Who Has Affordable Car Insurance for Drivers Over Age 50 in New Orleans? (FAQ)
- What Auto Insurance is Cheapest for a Nissan Rogue in New Orleans? (FAQ)
- How Much is New Orleans Car Insurance for Low Mileage Drivers? (FAQ)
- State Laws for Cellphones and Texting (iihs.org)
- Safe Vehicles for Teens (iihs.org)
- Your Car has been Stolen: Now What? (Allstate)