Having to pay for pricey insurance coverage can eat up your funds and force you to cut corners elsewhere. Comparing cost estimates is recommended to slash your bill and have more diposable income.
Popular companies such as Geico, Farmers Insurance and State Farm promote their brand names with catchy ads and it is difficult to ignore the propoganda and effectively compare rates to find the best deal.
If you have insurance now or need new coverage, you can use these techniques to shop for the lowest rates while maximizing coverage. Choosing the best insurance company for you is easy if you know what you’re doing. Drivers only need to know the best way to shop for insurance over the internet.
Consumers need to have an understanding of a few of the rating criteria that help determine the price you pay for auto insurance. When you understand what determines base rates, this allows you to make educated decisions that can help you get better auto insurance rates. Lots of factors are part of the calculation when you get your auto insurance bill. Some are obvious like an MVR report, although some other factors are more obscure such as your marital status or your vehicle rating.
The items below are just a few of the factors used by companies to determine your rates.
Cutting your car insurance rates is a fairly straight forward process. Consumers just need to invest a little time comparing rates online with multiple companies. This can be accomplished using a couple different methods.
It’s your choice how you get your quotes, but try to use nearly identical coverage limits and deductibles on every quote. If the quotes have higher or lower deductibles you can’t possibly get a fair rate comparison.
Auto insurance is easily one of your largest bills, but you might already qualify for some discounts that you may not even be aware of. Certain reductions will be credited when you get a quote, but less common discounts must be asked about in order for you to get them.
Just know that many deductions do not apply to the entire cost. Most only cut individual premiums such as liability, collision or medical payments. Just because it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.
A list of companies and a summarized list of policyholder discounts are:
If you want the cheapest insurance quotes, ask every prospective company which discounts you may be entitled to. Some of the earlier mentioned discounts might not apply in every state. If you would like to choose from a list of insurers who offer online auto insurance quotes, follow this link.
When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Every insured’s situation is different so this has to be addressed. For example, these questions can aid in determining whether you might need an agent’s assistance.
If it’s difficult to answer those questions, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.
Knowing the specifics of auto insurance can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types found on most auto insurance policies.
Auto liability – Liability insurance can cover damages or injuries you inflict on people or other property. This coverage protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 which means a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit without having the split limit caps.
Liability insurance covers claims such as medical services, court costs, repair bills for other people’s vehicles, structural damage and bail bonds. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford.
Uninsured Motorist or Underinsured Motorist insurance – This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as damage to your Audi A4.
Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Most of the time the UM/UIM limits are similar to your liability insurance amounts.
Collision coverage – Collision insurance pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims like crashing into a ditch, hitting a mailbox, colliding with a tree and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to save money on collision insurance.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things such as vandalism, a tree branch falling on your vehicle, damage from getting keyed and hitting a bird. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Insurance for medical payments – Med pay and PIP coverage pay for short-term medical expenses like rehabilitation expenses, nursing services and dental work. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay
We just showed you some good ideas how you can get a better price on 2003 Audi A4 insurance. The key concept to understand is the more times you quote, the higher the chance of saving money. Drivers may discover the most savings is with the smaller companies. Smaller companies can often insure niche markets at a lower cost as compared to the big name companies such as Progressive and Geico.
Some insurance providers may not offer online rate quotes and these smaller providers work with local independent agencies. Budget-conscious 2003 Audi A4 insurance can be sourced from both online companies and with local insurance agents, so compare prices from both to have the best rate selection.
Much more information about auto insurance is available on the following sites:
Good detail in your article. I live in Shreveport, LA. Got prices from AIG Insurance, MetLife, and Western Auto Insurance for my Audi and saved around $60 a year. Did it all online. Next renewal I’ll just do liability.
In Nampa, Idaho, American Family had the best rates for my 2003 Audi A4. I get lower rates because of my clean driving record. Not worth enough to pay for comprehensive and collision.
I live west of Baltimore, MD. I quoted with Progressive, Encompass, and The General for my 2003 Audi A4 and I’m now saving $21 a month. Online quotes are the way to go. I don’t insure for physical damage though.
Anyone like their agent?
In Anchorage, AK, AAA had the best rates for my 2003 Audi A4. It’s easy to compare rates online now. Not worth enough to pay for comprehensive and collision.
I think I’m paying too much. I live in a small town just outside of Greensboro, NC. Don’t remember every company but I ended up saving about $20 each month. My new agent seems to be really good. Liability only on my Audi.
I live east of Knoxville, Tennessee. Quoted rates from USAA, AAA, Hartford, and MetLife for my 2003 Audi A4 and I think I cut my rates about $30 each month. Insured with Progressive before. Thankfully I’m not a high risk driver. I recommend comparing lots of rates. Just liability coverage since it’s getting old.
From a town just southwest of Columbia, SC. Quoted with Auto-Owners, Esurance, and Mercury for my Audi and I’m now saving $13 a month. I used their website to get prices.
Live in the eastern part of Henderson, NV. Compared quite a few companies. Saved darn near $20 a month. GEICO was the cheapest option for me. Moved home policy as well. I’m thinking about dropping full coverage though.
If you have a clean record and live around Worcester, Massachusetts, check out Progressive. You might get cheaper rates. They have free quotes online.
Here’s what I found out. Proud to be from Houston, TX. Received quotes from Allstate, American Family, and Esurance for my 2003 Audi A4 and saved $82 a year. Left GMAC to switch. Even increased my liability limits.
Live in Nampa, ID. Quoted rates from Progressive, Hanover, and Esurance for my Audi and I’m now saving $23 a month. Was with American Family. BTW speeding tickets are not good. I got a quote from their website. Book value doesn’t justify full coverage anymore.
Located in Las Vegas, Nevada. I quoted with Amica, Nationwide, and some smaller one I can’t remember the name of for my A4 and I think I saved around $30 each month. Left Eastwood to switch. Thankfully I’m not a high risk driver. Are quotes cheaper online?