Save Money on Audi A4 Insurance in Louisville

It takes a few minutes, but the best way to get affordable Audi A4 insurance is to compare quotes annually from companies that insure vehicles in Louisville.

• Step 1: Take a few minutes and learn about what is in your policy and the things you can control to prevent rate increases. Many policy risk factors that are responsible for high rates such as speeding and an imperfect credit score can be remedied by making lifestyle changes or driving safer.
• Step 2: Request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO or Farmers Insurance, while independent agents can provide prices for a wide range of companies. Start a quote
• Step 3: Compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you find better rates and switch companies, make sure there is no coverage gap between policies.
• Step 4: Give notification to your agent or company to cancel your current auto insurance policy. Submit payment and a signed application for the new coverage. Once coverage is bound, place your new proof of insurance certificate above your visor, in the console, or in the glove compartment.

One thing to remember is to use the same coverage limits and deductibles on every quote request and and to look at as many companies as possible. This ensures a level playing field and maximum price selection.

It’s well known that insurance companies want to keep you from comparing rates. People who compare other prices are inclined to switch companies because they have a good chance of finding lower prices. A recent auto insurance study revealed that drivers who did price comparisons regularly saved $850 each year as compared to drivers who never shopped around for cheaper prices.

If finding the best rates on insurance in Louisville is your ultimate objective, then having some knowledge of the best way to compare coverage rates can make it easier to find better rates.

The quickest method we recommend to compare insurance rates in your area is to know the fact most insurance companies have advanced systems to compare rate quotes. To get started, all you need to do is give them some information such as your credit rating estimate, if you have an active license, the type of vehicles you drive, and how much you drive. Those rating factors is instantly submitted to multiple different insurance companies and they return rate quotes within a short period of time.

If you would like to start a quote now, click here and enter your zip code.

The companies shown below have been selected to offer price comparisons in Louisville, KY. If you want to find cheap auto insurance in Kentucky, it’s a good idea that you visit several of them in order to find the lowest rates.

Insurance is an important decision

Even though Louisville A4 insurance rates can get expensive, buying insurance may be required for several reasons.

• Almost all states have minimum mandated liability insurance limits which means the state requires specific limits of liability insurance coverage in order to license the vehicle. 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 your Audi has a loan, most lenders will make it mandatory that you have insurance to guarantee payment of the loan. If you default on your policy, the bank will be required to insure your Audi at a much higher premium rate and make you pay for the much more expensive policy.
• Insurance protects not only your car but also your assets. It will also cover medical transport and hospital expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, will also pay attorney fees if you are sued as the result of your driving. If mother nature or an accident damages your car, your insurance policy will pay all costs to repair after the deductible has been paid.

The benefits of carrying enough insurance more than cancel out the cost, particularly when you have a large claim. Today the average American driver is wasting up to $700 annually so you should quote your policy with other companies every year to save money.

Rates and statistics

The premium information below outlines a range of rate quotes for Audi A4 models. Learning a little about how insurance quotes are figured can assist in making decisions on the best policy coverages.

Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Rate information does not factor in specific zip code location which can revise premium rates greatly.

How high should deductibles be?

A question often asked by Louisville drivers is at what level do you set your deductibles. The following insurance rates can help you understand the differences in premium rates when you choose different coverage deductibles. The first set of prices uses a $100 deductible and the second data table uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Estimates do not factor in specific garaging location which can raise or lower premiums considerably.

Based on these figures, using a $100 deductible costs an average of $28 more each month or $336 every year across all Audi A4 models than requesting the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you have at a minimum 14 months between claim filings, you would come out ahead if you opt for a higher deductible.

An important sidenote is that a higher deductible level means you will have to pay more out-of-pocket when you have to file a claim. That will require a higher level of savings in order to pay more to get your vehicle repaired.

Impact of violations and accidents on rates in Louisville

The example below shows how speeding tickets and at-fault accidents can raise Audi A4 insurance premiums for each different age group. The premiums are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.

Rate comparison of full coverage and liability-only

The diagram below visualizes the comparison of Audi A4 car insurance costs with full physical damage coverage and with liability coverage only. The premium estimates are based on no accidents or driving violations, $500 deductibles, drivers are single, and no additional discounts are factored in.

When to switch to liability coverage only

There is no exact rule to stop buying comp and collision coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s say your Audi A4 claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $7,000 after paying your policy deductible. If it’s costing you more than $700 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where dropping physical damage coverage is not advised. If you still have a loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

These discounts can lower your car insurance rates

Not many people think insurance is cheap, but you may be missing some discounts to help bring down the price. Some discounts will apply when you quote, but once in a while a discount must be specifically requested prior to getting the savings.

• Organization Discounts – Being a member of qualifying clubs or civic groups could earn you a nice discount on your bill.
• No Accidents – Drivers with accident-free driving histories pay much less in comparison to drivers who are more careless.
• Paper-free Discount – Certain insurance companies will provide an incentive for buying your policy on the web.
• Driver’s Education for Students – It’s a good idea to have your young drivers complete a driver education course in high school.
• Accident Forgiveness – This isn’t a discount exactly, but some insurance companies may permit one accident before raising your premiums with the catch being you have to be claim-free for a certain period of time.
• Pay Upfront and Save – If paying your policy premium upfront rather than paying in monthly installments you can actually save on your bill.
• Savings for New Vehicles – Buying car insurance coverage on a new vehicle can save you some money because newer vehicles have to meet stringent safety requirements.
• Life Insurance – Some car insurance companies give a break if you buy a life policy as well.
• Resident Student – College-age children who live away from home at college without a vehicle on campus can be insured at a reduced rate.

You should keep in mind that most of the big mark downs will not be given to the whole policy. Most only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates adding up those discounts means a free policy, car insurance companies aren’t that generous.

The illustration below illustrates the comparison of Audi A4 insurance premiums with and without discounts. The costs are based on a male driver, no claims or driving violations, Kentucky 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, homeowner, marriage, safe-driver, claim-free, and multi-policy discounts applied.

A list of car insurance companies and their possible discounts are shown below.

• State Farm may offer discounts for safe vehicle, Steer Clear safe driver discount, good driver, good student, Drive Safe & Save, defensive driving training, and anti-theft.
• GEICO offers premium reductions for membership and employees, anti-theft, good student, emergency military deployment, and anti-lock brakes.
• Progressive has discounts for online signing, multi-policy, continuous coverage, multi-vehicle, homeowner, online quote discount, and good student.
• 21st Century offers discounts for defensive driver, 55 and older, theft prevention, good student, air bags, and student driver.
• American Family offers discounts including accident-free, bundled insurance, defensive driver, early bird, good student, mySafetyValet, and TimeAway discount.
• The Hartford policyholders can earn discounts including driver training, vehicle fuel type, air bag, anti-theft, good student, bundle, and defensive driver.
• AAA may have discounts that include pay-in-full, anti-theft, AAA membership discount, multi-car, multi-policy, education and occupation, and good student.

If you want low cost Louisville auto insurance quotes, ask each company or agent the best way to save money. Some of the discounts discussed earlier might not be offered on policies in your state.