The preferred way to get cheaper Audi A5 insurance is to regularly compare prices from different companies who sell insurance in San Jose. You can shop around by following these guidelines.
Step 1: Get a basic knowledge of how companies set rates and the modifications you can make to prevent rate increases. Many things that cause high rates such as traffic violations and a not-so-good credit history can be rectified by making small lifestyle or driving habit changes. Keep reading for additional ideas to get cheaper coverage and get additional discounts that may be available.
Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Farmers Insurance, while agents who are independent can give you price quotes for a wide range of companies. Find a San Jose insurance agent
Step 3: Compare the new rate quotes to your existing coverage to see if a cheaper rate is available in San Jose. If you can save some money and make a switch, ensure coverage does not lapse between policies.
Step 4: Give notification to your agent or company of your decision to cancel your current car insurance policy. Submit payment and a signed application for your new policy. Once received, keep the new certificate verifying coverage in your vehicle’s glove compartment or console.
An important bit of advice to remember is to make sure you enter the same liability limits and deductibles on each price quote and and to analyze as many companies as possible. This ensures a level playing field and maximum price selection.
Unbelievably, the vast majority of consumers have been with the same company for at least four years, and nearly half have never compared rates to find affordable insurance. Many consumers in San Jose could save themselves up to 35% a year just by comparing rates, but they feel it’s too difficult to go online and compare rates.
All the larger car insurance companies such as GEICO, State Farm and Progressive make it easy to get insurance quotes from their websites. Getting quotes for Audi A5 insurance in San Jose is very simple as you simply enter the coverages you want into the quote form. After you complete the form, their system will order your credit score and driving record and returns pricing information based on the information you submitted. This makes it a lot easier to compare rates and it’s necessary to compare as many rates as possible if you want to get the best rate.
To save time and compare rates using this form now, compare quotes from the companies shown below. If you have a policy now, it’s recommended that you enter the insurance coverages identical to your current policy. Using the same limits helps guarantee you will have rate quotes based on the exact same insurance coverage.
The auto insurance companies shown below provide quotes in California. If several companies are displayed, it’s highly recommended you compare several of them to get the most affordable price.
Facts and figures for Audi A5 insurance
The premium table shown below outlines detailed analysis of insurance premium costs for Audi A5 models. Having insight into how insurance premiums are formulated is important for you to make smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|A5 2.0T Quattro Premium 2-Dr Coupe||$416||$764||$384||$22||$114||$1,700||$142|
|A5 2.0T Quattro Premium Plus 2-Dr Coupe||$416||$764||$384||$22||$114||$1,700||$142|
|A5 3.2 Quattro Prestige 2-Dr Coupe||$416||$866||$384||$22||$114||$1,802||$150|
|A5 3.2 Quattro Premium Plus 2-Dr Coupe||$416||$866||$384||$22||$114||$1,802||$150|
|A5 2.0T Quattro Prestige 2-Dr Coupe||$416||$866||$384||$22||$114||$1,802||$150|
|A5 2.0T Premium 2-Dr Convertible||$416||$866||$450||$26||$134||$1,892||$158|
|A5 2.0T Premium Plus 2-Dr Convertible||$416||$866||$450||$26||$134||$1,892||$158|
|A5 2.0T Quattro Prestige S-Line 2-Dr Coupe||$458||$866||$384||$22||$114||$1,844||$154|
|A5 2.0T Prestige S-Line 2-Dr Convertible||$458||$866||$450||$26||$134||$1,934||$161|
|A5 2.0T Prestige 2-Dr Convertible||$458||$866||$450||$26||$134||$1,934||$161|
|A5 3.2 Quattro Prestige S-Line 2-Dr Coupe||$458||$966||$384||$22||$114||$1,944||$162|
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Information does not factor in zip code location which can influence coverage prices substantially.
Full coverage versus liability-only
The example below compares Audi A5 yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in California. The premiums assume no claims or violations, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no set rule that is best for determining when to drop physical damage insurance, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Audi A5 claim settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,000 after paying your deductible. If you are paying more than $600 annually for full coverage, then it could be time to drop full coverage.
There are some scenarios where eliminating full coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage.
Why You Might Pay Increased Rates in San Jose
It’s important that you understand some of the things that come into play when calculating the price you pay for car insurance. When you understand what influences your rates, this allows you to make good choices that may result in lower rates. Many factors are part of the equation when premium rates are determined. Most are fairly basic such as your driving record, but others are less obvious like your continuous coverage and annual miles driven.
Costs are impacted by vehicle performance – The performance level of the car you need insurance for makes a huge difference in how high your rates are. Smaller low performance passenger vehicles usually are quite affordable to insure, but the cost you end up paying is determined by many additional factors.
The following chart uses these assumptions: married female driver age 30, full coverage with $100 deductibles, and no discounts or violations. The chart compares Audi A5 policy rates compared to other models that have a range of risk factors.
Marriage is a factor – Your spouse can actually save you money on car insurance. It translates into being more mature and responsible and insurance companies like that drivers who are married are more cautious.
Expect high rates for teens – Mature drivers are viewed as being more responsible, tend to file fewer claims, and tend to be get fewer driving tickets. Drivers with little experience are statistically proven to be careless and easily distracted with other occupants in the car so car insurance rates are higher.
The next chart is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.
Safer the car lower the rate – Vehicles with good safety scores tend to have lower insurance rates. Vehicles built for safety reduce injuries and fewer serious injuries means less money paid by your insurance company and lower rates for you. If your Audi A5 has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may be receiving a better rate.
Premiums may be higher where you live – Choosing to live in smaller towns and rural areas of the country can be a good thing when buying car insurance. Fewer people translates into fewer accident claims in addition to fewer liability claims. Drivers who live in large California cities tend to have more traffic problems and longer commutes to work. More time behind the wheel means more chance of being in an accident.
Never let your car insurance policy lapse – Driving without insurance coverage in place is against the law and car insurance companies will penalize you for letting your insurance lapse for non-payment. Not only will you pay more, the inability to provide proof of insurance can result in a steep fine or even jail time.
Lower car insurance rates with GPS tracking and theft deterrents – Choosing to buy a car that has an advanced theft prevention system can help lower your rates. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart car theft and help bring rates down.
Liability insurance limits should be high – A critical coverage on your policy, liability insurance will afford coverage in the event that you are determined to be liable for physical damage or personal injury to other. It provides you with a defense in court starting from day one. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should carry high limits.
Audi A5 claim statistics – Companies factor in historical loss data to help calculate a profitable premium price. Vehicles that the statistics show to have higher claim frequency or loss amount will cost more to insure. The table below illustrates the insurance loss data used by companies for Audi A5 vehicles.
For each coverage type, the statistical loss for all vehicles averaged together is set at 100. Values that are below 100 suggest a positive loss record, while values that are 100 or greater indicate a higher chance of having a claim or an increased chance of larger losses than average.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Audi A5 2dr 4WD||196||92||140||73||83||100|
|Audi A5 Convertible 4WD||147||73||140||56|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Best reasons to buy car insurance in California
Despite the high cost, insuring your vehicle serves a purpose in several ways.
- Almost all states have compulsory liability insurance requirements which means you are required to carry specific limits of liability insurance in order to drive the car. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a lien on your vehicle, it’s guaranteed your bank will have a requirement that you buy insurance to ensure they get paid if you total the vehicle. If the policy lapses, the bank may buy a policy for your Audi at a more expensive rate and force you to pay a much higher amount than you were paying before.
- Insurance safeguards your Audi A5 and your assets. Insurance will pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, will also pay attorney fees if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, your policy will cover the repair costs.
The benefits of insuring your car definitely exceed the price paid, especially if you ever need it. According to a recent study, the average American driver overpays more than $810 a year so compare rates once a year at a minimum to ensure rates are inline.