Are you at wits end from not being able to scrape enough together to keep your car insured? You’re in the same situation as many other consumers. Companies like GEICO and Progressive all promote huge savings with TV and radio ads and it is challenging if not impossible to not get sucked in by the cute commercials and effectively compare rates to find the best deal.
It’s important to price shop coverage before your policy renews because insurance coverage rates fluctuate regularly. Just because you found the best deal for Q5 insurance on your last policy you can probably find a better price now. Block out anything you think you know about insurance coverage because it’s time to teach you how to use the internet to save money, get proper coverage and the best rates.
Some insurers do not advertise all available discounts in an easy-to-find place, so we took the time to find some of the more common and the harder-to-find ways to save on insurance.
Just know that most discounts do not apply to all coverage premiums. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.
To see companies that have a full spectrum of discounts, click here.
There are multiple methods you can shop for car insurance but there is one way that is less time-consuming than others. You can waste hours discussing policy coverages with local insurance agents in your area, or you could save time and use online quotes to achieve your goal.
Most major companies participate in a marketplace that allows shoppers to enter their policy data once, and each participating company provides a quote based on the submitted data. This prevents consumers from doing quote forms for each company.
To find out what other companies charge click to open in new window.
The single downside to doing it this way is you don’t know exactly which companies you want to price. If you prefer to choose specific insurance companies to request quotes from, we put together a list of low cost car insurance companies in your area. Click here for list of insurance companies.
It’s up to you how you get prices quotes, just make sure you compare the exact same information on every price quote you get. If your comparisons have mixed coverages you can’t possibly determine which company has the best rates.
When choosing the right insurance coverage, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For instance, these questions might point out whether you might need an agent’s assistance.
If it’s difficult to answer those questions, you may need to chat with an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.
Understanding the coverages of your car insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and reading a policy is terribly boring. These are the usual coverages available from car insurance companies.
Comprehensive coverages – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive insurance covers claims such as a tree branch falling on your vehicle, hail damage, vandalism and falling objects. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Coverage for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for expenses such as prosthetic devices, rehabilitation expenses and pain medications. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
Uninsured and underinsured coverage – This coverage gives you protection when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and damage to your Audi Q5.
Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Usually these limits are similar to your liability insurance amounts.
Collision coverage – This coverage pays for damage to your Q5 from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for claims like rolling your car, backing into a parked car, hitting a mailbox and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.
Liability coverage – This protects you from damage or injury you incur to other people or property by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.
Liability insurance covers things such as medical services, legal defense fees, medical expenses, bail bonds and structural damage. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.
Cost effective 2010 Audi Q5 insurance is possible online and with local insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance providers may not have the ability to get a quote online and these small, regional companies sell through independent agencies.
As you prepare to switch companies, it’s not a good idea to skimp on coverage in order to save money. Too many times, an accident victim reduced comprehensive coverage or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible for the lowest price but still have enough coverage for asset protection.
More detailed insurance coverage information can be read at these sites: