Save Money on Audi A5 Insurance in Jacksonville

Unbelievable but true according to a study about 70% of customers have bought auto insurance from the same company for over three years, and 38% of drivers have never compared rates to find cheap insurance. With the average auto insurance premium being $2,200, Jacksonville drivers can save approximately $1,130 each year by just comparing rate quotes, but they underestimate the amount of savings they would get if they switch to a new company.

Truthfully, the best way to get affordable auto insurance rates in Jacksonville is to regularly compare prices from insurers in Florida.

• First, get a basic knowledge of how insurance works and the modifications you can make to keep rates in check. Many risk factors that result in higher prices such as accidents, traffic tickets, and an unacceptable credit history can be amended by making lifestyle changes or driving safer.
• Second, compare prices from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from a single company like GEICO and Allstate, while independent agencies can provide price quotes from multiple sources. Select a company
• Third, compare the quotes to the price on your current policy and determine if cheaper A5 coverage is available. If you find better rates and change companies, make sure there is no coverage gap between policies.
• Fourth, give notification to your current company of your decision to cancel your current policy. Submit the application along with any required down payment for your new coverage. Immediately upon receiving it, safely store the certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.

One important bit of advice is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on each quote request and to quote with as many different companies as possible. This helps ensure a level playing field and maximum price selection.

The purpose of this article is to help you learn the best way to quote coverages and how to save the most money. If you have insurance now, you will surely be able to cut your premiums using this information. Nevertheless, Florida consumers must comprehend how big insurance companies calculate your car insurance rates and use it to find better rates.

When comparison shopping, comparing more prices helps you find the best offered rates.

The auto insurance companies shown below have been selected to offer price quotes in Jacksonville, FL. If the list has multiple companies, we recommend you get rate quotes from several of them to get a more complete price comparison.

Detailed insurance information

The table below highlights different insurance prices for Audi A5 models. Understanding how auto insurance prices are figured can assist in making smart choices when selecting a coverage provider.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Price estimates do not factor in specific garaging location which can raise or lower auto insurance rates substantially.

Physical damage deductibles

One of the most common auto insurance questions is how high should the deductibles for physical damage be. The comparison tables below may help to illustrate the cost difference of buying low and high physical damage coverage deductibles. The first rate estimation uses a $250 deductible for comp and collision and the second price table uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Information does not factor in vehicle location which can change prices greatly.

Based on these figures, using a $250 deductible costs approximately $40 more each month or $480 each year than quoting the higher $1,000 deductible. Since you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 19 months between claim filings, you would save money if you choose the higher deductible.

An important sidenote is that a higher deductible results in having to pay to pay more out-of-pocket if you have a claim. You need to have access to more funds in the event you need to pay the deductible.

The illustration below demonstrates how deductible levels and can raise or lower Audi A5 insurance costs for different insured age categories. The data assumes a married female driver, full coverage, and no discounts are applied to the premium.

Impact of speeding/accidents on auto insurance rates

The chart below illustrates how traffic citations and at-fault collisions can influence Audi A5 auto insurance rates for different insured age categories. The rates are based on a married female driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.

Audi A5 full coverage rates compared to liability only

The chart below visualizes the comparison of Audi A5 insurance costs with full physical damage coverage compared to only buying liability only. The premium estimates are based on no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are factored in.

When to switch to liability coverage only

There is no definitive formula to drop physical damage coverage on your policy, but there is a general convention. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s say your Audi A5 book value is $9,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $8,000 after the deductible is paid. If you are currently paying more than $800 a year for physical damage coverage, then it might be time to buy liability only.

There are a few cases where eliminating full coverage is not a good plan. If you still owe money on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not buy liability only.

Why you need quality insurance for your vehicle

Even though it’s not necessarily cheap to insure an Audi in Jacksonville, insuring your vehicle may be mandatory for several reasons.

• Just about all states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability insurance coverage in order to be legal. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your A5 has a loan, almost every bank will make it a condition of the loan that you buy full coverage to guarantee payment of the loan. If you do not keep the policy in force, the lender may have to buy a policy to insure your Audi for a lot more money and force you to pay a much higher amount than you were paying before.
• Insurance safeguards both your vehicle and your assets. It also can pay for all forms of medical expenses that are the result of an accident. Liability insurance also covers all legal expenses up to the policy limit if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of having insurance are definitely more than the cost, especially if you ever need it. Unknowingly, the average driver overpays as much as $700 annually so shop around every year to help ensure money is not being wasted.

How do Insurance Companies Determine Audi A5 Insurance Premiums?

The best way to find cheaper auto insurance is to take a look at the rating factors that aid in calculating the price you pay for auto insurance. If you understand what impacts premium levels, this helps enable you to make changes that may result in cheaper rates. Many things are used in the calculation when you quote your car insurance policy. Some are pretty understandable like a motor vehicle report, but other factors are more obscure like where you live and annual miles driven.

• Where you reside plays a part – Choosing to live in small towns and rural areas can be a good thing if you are looking for the lowest rates. Urban drivers regularly have more traffic problems and more time behind the wheel. Less people living in that area corresponds to lower accident rates and also fewer theft and vandalism claims.
• Discounts for auto and home policies – Most larger insurance companies give discounts to people who carry more than one policy, otherwise known as a multi-policy discount. Even with this discount, it’s in your best interest to shop around to help guarantee you have the best rates. It’s possible to still find better rates by insuring with multiple companies.

• Men pay higher premiums – Over the last 50 years, statistics have shown that females take fewer risks when driving. That doesn’t necessarily mean that women are better drivers. They both tend to get into accidents in similar percentages, but the men cause more damage. Men also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 are the most expensive to insure and thus pay the highest rates.

  The chart below shows the comparison of Audi A5 insurance costs for male and female drivers. The data assumes no tickets, no at-fault accidents, full physical damage coverage, $250 deductibles, single status, and no other discounts are factored in.

• Too many claims drive up rates – If you’re an insured who likes to file claims you can expect either a policy non-renewal or much higher rates. Auto insurance companies in Florida generally give most affordable rates to insureds who do not file claims often. Auto insurance is intended to be relied upon for larger claims.
• Drive a safer car and pay less – Safer cars tend to have better insurance rates. These vehicles reduce occupant injuries and any reduction in injury severity means your insurance company pays less and more competitive rates for policyholders.

• Loss probability for an Audi A5 – Car insurance companies factor in insurance loss information as a tool for profitable underwriting. Vehicles that statistically have increased claim numbers or amounts will have higher premium rates. The data below shows the insurance loss data used by companies for Audi A5 vehicles.

  For each coverage type, the loss probability for all vehicles compiled together is equal to 100. Values below 100 indicate better than average losses, while values that are 100 or greater point to more claims or tendency to have larger claims.

  
  

  Insurance Loss Ratings for Audi A5 Vehicles

  Vehicle 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

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Your insurance coverage should be tailored to you

When buying coverage for your vehicles, there really is no one-size-fits-all type of policy. Everyone’s situation is unique and your policy should reflect that.
For example, these questions might help in determining whether you might need professional guidance.

• What is the minimum liability in Florida?
• What is PIP insurance?
• Do I need added coverage for expensive stereo equipment?
• What is covered by UM/UIM coverage?
• Am I covered when driving someone else’s vehicle?
• Which companies are cheaper for teen drivers?
• Why do I need rental car insurance?

If you’re not sure about those questions, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area.

Do the work, save more money

Lower-priced auto insurance in Jacksonville is possible both online as well as from independent agents in Jacksonville, so get free Jacksonville auto insurance quotes from both of them to have the best chance of lowering rates. Some auto insurance companies may not offer the ability to get a quote online and these smaller providers provide coverage only through local independent agents.

As you go through the steps to switch your coverage, you should never skimp on coverage in order to save money. There are too many instances where consumers will sacrifice liability coverage limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to find the BEST coverage at an affordable rate, but do not skimp to save money.

More information can be found at the links below

• Should I Buy a New or Used Car? (Allstate)
• What is the Best Cheap Auto Insurance in Jacksonville, Florida? (FAQ)
• Who Has Affordable Jacksonville Car Insurance for Police Officers? (FAQ)
• Who Has Affordable Jacksonville Car Insurance for Drivers Over Age 50? (FAQ)
• How Much are Auto Insurance Rates for Retired Military in Jacksonville? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for Drivers with Bad Credit in Jacksonville? (FAQ)
• Who Has Cheap Jacksonville Auto Insurance for Lyft Drivers? (FAQ)
• Eight Auto Insurance Myths (Insurance Information Institute)
• Side Impact Crash Tests (iihs.org)