Cheap Quotes for Audi A5 Insurance in Durham

Finding the cheapest insurance for an Audi A5 in North Carolina could be a painful process, but you can use a few tricks to make it easier. There is a better way to buy insurance and we’ll show you the absolute fastest way to price shop coverage for a new or used Audi and obtain the best price possible from Durham insurance agents and online providers.

It’s an obvious assumption that auto insurance companies don’t want you quoting rates from other companies. People who compare rates once a year are likely to switch companies because they have a good chance of finding a lower rate. A study discovered that people who did price comparisons regularly saved as much as $860 a year compared to those who never shopped around for cheaper prices.

If finding the cheapest price on insurance in Durham is why you’re here, then having a good understanding the best way to compare auto insurance can help you be more efficient.

You should take the time to take a look at other company’s rates yearly because insurance rates tend to go up over time. Just because you had the lowest premium rates on Audi A5 insurance in Durham a couple years back you may be paying too much now. Forget all the misinformation about insurance because we’re going to demonstrate the right way to find the best coverage while lowering your premiums.

Choosing the most cost-effective auto insurance policy in Durham is easy if you know what you’re doing. If you have insurance now or just want cheaper rates, use these money-saving tips to reduce the price you pay without reducing protection. Drivers only need to know the best way to find the lowest price using one simple form.

The most recommended method to compare insurance rates from multiple companies is to take advantage of the fact most of the bigger providers have advanced systems to provide you with a free rate quote. The only thing you need to do is provide details like your job, how much you drive, if you require a SR-22, and whether your vehicle is owned or leased. The data is automatically sent to many different companies and they return cost estimate quickly.

To compare rates for your Audi A5 now, click here and find out if you can get cheaper insurance in Durham.

The following companies are ready to provide free rate quotes in Durham, NC. In order to find the best car insurance in North Carolina, it’s highly recommended you visit two to three different companies to get the cheapest price.

Insurance rates and discounts

The cost of insuring your cars can be expensive, but you may find discounts to help bring down the price. Some discounts apply automatically at the time you complete a quote, but once in a while a discount must be asked about before you will receive the discount.

• Multiple Vehicles – Buying insurance for primary and secondary vehicles on one policy can get a discount on all vehicles.
• Paper-free Discount – Some companies will discount your bill up to fifty bucks just for signing your application on the internet.
• Safety Restraint Discount – Drivers who require all occupants to use a seat belt can save a little on the medical payments or PIP coverage costs.
• Mature Driver Discount – Drivers over the age of 55 may receive reduced rates.
• Good Drivers – Drivers who don’t get into accidents can save as much as half off their rates compared to accident prone drivers.
• Early Switch Discount – A few companies allow discounts for switching policies before your current expiration date. You may see this discount when you get Durham auto insurance quotes online.
• Good Students Pay Less – Maintaining excellent grades could provide a savings of up to 20% or more. You can use this discount normally well after school through age 25.

One last thing about discounts, most discounts do not apply to your bottom line cost. Most only apply to individual premiums such as comprehensive or collision. So when the math indicates adding up those discounts means a free policy, insurance companies aren’t that generous. Any qualifying discounts will reduce your insurance premiums.

The diagram below visualizes the comparison of Audi A5 auto insurance rates with and without discounts applied to the premium. The data assumes a male driver, a clean driving record, no claims, North Carolina 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, multi-policy, homeowner, safe-driver, marriage, and claim-free discounts applied.

If you would like to see a list of insurance companies that offer the discounts shown above in North Carolina, follow this link.

Rates and detailed analysis

The coverage table shown next showcases different prices for Audi A5 models. Learning as much as possible about how insurance policy premiums are established can be valuable when making informed decisions when comparing rates.

Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in specific Durham garaging location which can influence insurance rates greatly.

Higher deductibles lower rates

One of the most common car insurance questions is what deductibles to buy. The rates below lay out the rate fluctuation when you choose different comp and collision deductibles. The first rate comparisons uses a $100 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Premium costs do not factor in specific garaging location which can increase or decrease insurance rates noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs approximately $35 more each month or $420 every year than quoting the higher $1,000 deductible. Since you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 26 months between claim filings, you would probably save some money going with the higher deductible.

The diagram below demonstrates how deductible levels and can raise or lower Audi A5 insurance costs for each age group. The prices are based on a single female driver, full coverage, and no discounts are taken into consideration.

Audi A5 liability-only versus full coverage

The example below illustrates the difference between Audi A5 yearly insurance costs with and without full coverage. The data assumes a clean driving record, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are applied to the premium.

When to stop paying for full coverage

There is no set guideline of when to stop paying for full coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s assume your Audi A5 claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after the policy deductible has been paid. If you are currently paying more than $700 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where eliminating full coverage is not recommended. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Durham car insurance companies

Picking the highest-rated car insurance provider can be rather challenging considering how many choices you have in Durham. The company rank data in the next section can help you analyze which auto insurance companies to look at purchasing a policy from.

Top 10 Durham Car Insurance Companies Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. The General
8. 21st Century
9. Esurance
10. Titan Insurance

Top 10 Durham Car Insurance Companies Ranked by Customer Service

1. USAA
2. Travelers
3. AAA Insurance
4. Nationwide
5. Safeco Insurance
6. Progressive
7. State Farm
8. The Hartford
9. The General
10. Esurance

Components of Your Audi A5 Insurance Rates

Many different elements are considered when you get your auto insurance bill. A few of the factors are predictable like a motor vehicle report, although others are less obvious like your continuous coverage or your commute time. An important part of buying insurance is that you know the rating factors that help determine your premiums. If you have some idea of what positively or negatively impacts your premiums, this helps enable you to make changes that will entitle you to cheaper rates.

Extra coverages are wasting money – There are many add-on coverages you can purchase on your A5 policy. Insurance for rental car reimbursement, better glass coverage, and additional equipment coverage are probably not needed. The coverages may be enticing when talking to your agent, but if you’ve never needed them in the past consider taking them off your policy.

Getting married can lower prices – Walking down the aisle can get you a discount on your policy. Marriage demonstrates that you tend to be more responsible it has been statistically shown that married drivers tend to file fewer claims.

Bump up comp and collision deductibles to lower rates – Physical damage protection, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. Some instances where coverage would apply are a windshield shattered by a rock, damage from fire, and damage from a fallen tree branch. Comprehensive and collision coverage deductibles define how much you are willing to pay if the claim is covered. The higher the amount you have to pay, the less money you will pay for car insurance.

Five star IIHS safety rating saves money – Safer cars cost less to insure. Highly rated vehicles protect occupants better and any reduction in injury severity means your insurance company pays less passed on to you as lower rates. If the Audi A5 is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.

Males tend to take more risk – Over the last 50 years, statistics have shown women are more cautious behind the wheel. Now that doesn’t mean men are worse drivers. Females and males are in fender benders at a similar rate, but the males have accidents that have higher claims. Men also statistically get ticketed for serious violations like reckless driving and DUI.

The illustration below shows the difference between Audi A5 insurance prices for male and female drivers. The costs are based on no violations or claims, full coverage, $250 deductibles, drivers are single, and no policy discounts are applied.

Vocation impacts prices – Did you know your job can affect your rates? Careers such as military generals, air traffic controllers, and medical professionals usually pay higher average rates attributed to intense work situations and incredibly demanding work hours. Other professions such as farmers, engineers and performers generally pay rates lower than average.

Your car’s features help determine premiums – Driving a car with an alarm system can help bring down rates. Theft prevention features such as OnStar, LoJack tracking, and tamper alarms all aid in stopping auto theft and help lower rates.

Obey driving laws and save – Your driving citation history has a big impact on rates. Having a single speeding ticket can increase the cost of insurance by as much as thirty percent. Attentive drivers tend to pay less for car insurance as compared to those with violations. Drivers with license-revoking citations such as reckless driving or DUI may find they need to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to prevent their license from being revoked.

The chart below illustrates how speeding tickets and at-fault claims can impact Audi A5 insurance premiums for different ages of insureds. The data is based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.

Audi A5 statistical loss data – Companies use statistical claims data to calculate a rate that will offset losses. Vehicles that the data determines to have higher claim frequency or loss amount will cost more for coverage. The table shown below demonstrates the collected loss data for Audi A5 vehicles.

For each coverage type, the loss probability for all vehicles as a whole is represented as 100. Percentages below 100 mean the vehicle has better than average losses, while numbers above 100 indicate a higher chance of having a claim or statistically larger losses.