Save on 2016 Audi SQ5 Insurance Cost

There isn’t anyone who anticipates paying for auto insurance, particularly when the price is too high. Many auto insurance companies vie for your business, and it can be difficult to compare rates to find the absolute lowest cost out there.

It’s important to compare prices every six months because insurance rates are adjusted regularly by insurance companies. Just because you had the best rate on SQ5 insurance on your last policy you can probably find a lower rate today. Ignore everything you know about auto insurance because you’re about to learn the proper way to lower your annual insurance bill.

How to compare insurance price quotes

Finding cheaper insurance quotes is actually easier than you may think. You just have to spend a little time comparing rates to see which company has cheaper auto insurance quotes. This can be done by using one of the methods below.

  1. The first (and easiest) way to compare a lot of rates at once is to use a rate comparison form like this one (opens in new window). This type of form keeps you from doing separate quotation requests for each company you want a rate for. Taking the time to complete one form gets you coverage quotes from many national carriers.
  2. A different way to get quotes online is to manually visit each company’s website and fill out a new quote form. For examples sake, we’ll pretend you want rates from Allstate, Safeco and GEICO. In order to compare rates, you need to go to every website to input your insurance information, which can get old fast. For a list of companies in your area, click here.

Which method you use is up to you, but make sure you use equivalent coverage limits and deductibles on every quote you get. If the quotes have different values for each quote it will be very difficult to determine which rate is truly the best.

What determines Audi SQ5 insurance rates?

One of the most helpful ways to save on car insurance is to to have a grasp of some of the factors that come into play when calculating the price you pay for car insurance. When consumers understand what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you cheaper rates. Lots of factors are part of the calculation when quoting car insurance. A few of the factors are predictable like your driving record, although others are more obscure such as your marital status or how financially stable you are.

The items below are most of the major factors companies use to determine your premiums.

  • Age of drivers impacts premiums – Drivers with little experience have been known to be inattentive when behind the wheel and because of this, their car insurance rates are much higher. If you’ve ever had to add a young driver to your policy can break the bank. More experienced drivers have been proven to be more responsible, cause fewer claims and accidents and are safer drivers.
  • Get better rates if married – Walking down the aisle helps lower the price on your car insurance bill. Marriage usually means you are more mature than a single person and statistics prove drivers who are married file infrequent claims.
  • Safer cars cost less to insure – Vehicles with good safety scores get lower rates. Vehicles engineered for safety reduce injuries and fewer serious injuries means less claims paid which can result in lower premiums.
  • Does auto insurance cost more for men? – The statistics show women are more cautious behind the wheel. The data does not necessarily mean that women are better drivers. Males and females cause auto accidents at about the same rate, but males have costlier accidents. Men also receive more major tickets like driving under the influence (DUI). Male drivers age 16 to 19 are several times more likely to be in an accident and therefore are the most expensive to insure.
  • Tickets and citations cost more than a fine – Your driving record impacts premiums far more than you think. Drivers who don’t get tickets pay less for auto insurance compared to drivers with tickets. Getting just one speeding ticket can increase the cost of insurance substantially. Drivers who have severe violations like DUI or willful reckless driving may find that they have to to file a SR-22 with their state’s licensing department in order to drive a vehicle legally.
  • Cheap car insurance rates for being claim-free – Auto insurance companies give most affordable rates to policyholders who are claim-free. If you are the type of insured that files lots of claims you can look forward to increased rates or even have your policy non-renewed. Insurance coverage is designed for claims that pose a financial burden.

Do you qualify for discount car insurance?

Car insurance companies don’t always advertise their entire list of discounts very well, so we break down a few of the more well known and also the more inconspicuous credits available to bring down your rates. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

  • Air Bag Discount – Cars that have air bags or automatic seat belts can get savings of 25 to 30%.
  • Seat Belts Save – Forcing all vehicle occupants to use their safety belts can save a little on the medical payments or PIP coverage costs.
  • No Claims – Drivers with accident-free driving histories pay less when compared to bad drivers.
  • Auto/Home Discount – If you combine your home and auto policies and insure them both with the same insurance company you may earn 10% to 20% off each policy.
  • ABS and Traction Control Discounts – Cars and trucks with ABS and/or traction control can avoid accidents so you can save 10 percent or more.
  • Good Driver Discount – Safe drivers may receive a discount up to 45% on SQ5 insurance than less cautious drivers.
  • Homeowners Savings – Just owning your own home can earn you a little savings because owning a home demonstrates responsibility.
  • Discount for New Cars – Insuring a vehicle that is new is cheaper because newer models are generally safer.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the entire cost. Some only apply to individual premiums such as medical payments or collision. If you do the math and it seems like you can get free auto insurance, you won’t be that lucky.

The best car insurance companies and some of the premium reductions they offer are detailed below.

  • Farm Bureau has savings for youthful driver, good student, renewal discount, multi-policy, and 55 and retired.
  • Liberty Mutual may include discounts for safety features, new move discount, hybrid vehicle, new vehicle discount, teen driver discount, exclusive group savings, and good student.
  • State Farm discounts include safe vehicle, good student, student away at school, passive restraint, Steer Clear safe driver discount, and multiple autos.
  • Auto-Owners Insurance includes discounts for student away at school, multi-policy, group or association, air bags, teen driver, safe driver, and paid in full.
  • GEICO offers premium reductions for anti-lock brakes, air bags, five-year accident-free, seat belt use, defensive driver, driver training, and good student.
  • SAFECO offers discounts for safe driver, bundle discounts, anti-lock brakes, homeowner, teen safe driver, and anti-theft.

It’s a good idea to ask each company or agent how you can save money. Some of the discounts discussed earlier may not apply to policies in your area. To find providers that provide some of the discounts listed above, follow this link.

What insurance coverages do I need?

When buying coverage, there really is not a cookie cutter policy. Everyone’s situation is a little different so this has to be addressed. Here are some questions about coverages that can aid in determining whether your personal situation might need an agent’s assistance.

  • What exactly is covered by my policy?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Is my 2016 Audi SQ5 covered for smoke damage?
  • What companies insure drivers after a DUI or DWI?
  • Does coverage extend to a rental car in a foreign country?
  • Should I have a commercial auto policy?
  • Do I pay less if my vehicle is kept in my garage?
  • Can my teen drive my company car?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can help protect your family.

Insurance coverage basics

Having a good grasp of a insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. These are typical coverage types available from insurance companies.

Auto collision coverage

This coverage will pay to fix damage to your SQ5 resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things such as crashing into a building, hitting a parking meter, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to increase the deductible to get cheaper collision coverage.

Liability insurance

Liability coverage provides protection from damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for things such as pain and suffering, loss of income, attorney fees, structural damage and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for expenses for things like chiropractic care, surgery, rehabilitation expenses, pain medications and hospital visits. They are used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive insurance

This pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like falling objects, hitting a bird and hitting a deer. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and damage to your Audi SQ5.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Money doesn’t grow on trees

We covered a lot of information how to lower your 2016 Audi SQ5 insurance rates. The key concept to understand is the more times you quote, the better your chances of lowering your auto insurance rates. Consumers may even find the best rates are with a small local company. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm and Allstate.

As you go through the steps to switch your coverage, don’t be tempted to skimp on coverage in order to save money. Too many times, an insured dropped collision coverage and found out when filing a claim they didn’t have enough coverage. Your objective should be to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

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