It’s shocking but almost 70% of drivers have remained with the same auto insurance company for well over three years, and nearly 40% of drivers have never taken the time to shop around. The average driver in Kentucky could save an average of almost $600 each year by just comparing rate quotes, but they don’t believe the large savings they would see if they replace their high priced policy.
It takes a little time, but the best way to get affordable Audi TTS insurance in Louisville is to regularly compare price quotes from insurers that sell auto insurance in Kentucky. You can compare prices by following these guidelines.
Step 1: Try to comprehend policy coverages and the measures you can control to keep rates down. Many things that result in higher prices such as at-fault accidents and bad credit can be remedied by making small lifestyle or driving habit changes.
Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from one company like GEICO and Allstate, while independent agencies can provide price quotes from multiple companies.
Step 3: Compare the new rate quotes to your current policy premium to see if switching to a new carrier will save money. If you find better rates, make sure coverage does not lapse between policies.
Step 4: Give notification to your current company of your intent to cancel the current policy and submit a down payment and signed policy application to the new insurer. When you receive it, put the proof of insurance paperwork along with your vehicle registration.
One bit of advice is that you’ll want to compare similar coverage information on each quote request and and to look at as many different companies as possible. Doing this ensures a fair rate comparison and the most accurate and complete price analysis.
Finding the cheapest insurance coverage in Louisville is actually quite easy if you know where to start. Virtually every driver who wants cheaper insurance will be able to find better rates. But Kentucky consumers benefit from understanding how big insurance companies calculate their prices because rates are impacted by many factors.
To find cheaper Louisville car insurance quotes, there are several ways to compare prices from different companies. The fastest way to find competitive Audi TTS insurance rates consists of obtaining rate quotes online. Just keep in mind that comparing a large number of companies helps increase your odds of locating more affordable rates.
The following companies are ready to provide price comparisons in Kentucky. To find the best auto insurance in Kentucky, it’s highly recommended you visit several of them in order to get a fair rate comparison.
Why insurance is not optional
Despite the high cost of buying insurance for a Audi TTS in Louisville, insurance is not optional due to several reasons.
- The majority of states have minimum liability requirements which means you are required to buy a specific minimum amount of liability coverage in order to get the vehicle licensed. 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.
- If you took out a loan on your TTS, almost all lenders will require you to have insurance to ensure the loan is repaid in case of a total loss. If you default on your policy, the lender may insure your Audi at a much higher premium rate and require you to pay for the expensive policy.
- Insurance safeguards both your Audi TTS and your assets. Insurance will also pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also covers legal expenses in the event you are sued. If mother nature or an accident damages your car, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.
The benefits of having insurance definitely exceed the cost, particularly for liability claims. According to a survey of 1,000 drivers, the average driver is overpaying over $800 each year so it’s recommended you shop around each time the policy renews to ensure rates are competitive.
Insurance coverage considerations
Learning about specific coverages of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Due to the fact that many Kentucky drivers only purchase the least amount of liability that is required (25/50/10 in Kentucky), their limits can quickly be used up. So UM/UIM coverage should not be overlooked.
Coverage for liability
Liability coverage provides protection from damage or injury you incur to a person or their property that is your fault. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/10 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $10,000.
Liability coverage pays for claims such as court costs, repair costs for stationary objects, structural damage, repair bills for other people’s vehicles and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but buy as much as you can afford. Kentucky state minimum liability requirements are 25/50/10 but drivers should carry more liability than the minimum.
The next chart demonstrates why buying the state minimum limits may not provide adequate coverage.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as funeral costs, ambulance fees, chiropractic care, surgery and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Auto collision coverage
This pays for damage to your TTS resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims such as driving through your garage door, sustaining damage from a pot hole and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to increase the deductible on your TTS to get cheaper collision coverage.
Comprehensive auto coverage
Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like vandalism, hitting a deer, a broken windshield, theft and rock chips in glass. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.