Save Money on Audi A5 Insurance in Lubbock

It’s shocking but about 70% of customers renewed their policy with the same company for well over three years, and nearly the majority have never shopped around. Many consumers in Texas could cut their rates by as much as 70% a year just by comparing rates, but they don’t believe the big savings they would realize if they switched.

If saving the most money is your goal, then the best way to get cheaper Audi A5 insurance is to start comparing prices regularly from providers who provide auto insurance in Lubbock.

1. Get a basic knowledge of how insurance companies determine prices and the modifications you can make to prevent high rates. Many policy risk factors that cause high rates like at-fault accidents and poor credit history can be rectified by making lifestyle changes or driving safer.
2. Quote rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from a single company like Progressive or State Farm, while agents who are independent can quote rates for a wide range of insurance providers.
3. Compare the new rates to your existing rates and see if you can save money. If you find a lower rate, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Tell your current company to cancel your current auto insurance policy. Submit a down payment and signed policy application to the new insurer. As soon as you receive it, keep your new certificate verifying coverage along with the vehicle’s registration papers.

One thing to point out is to use the same coverage limits and deductibles on every price quote and to quote with as many companies as feasibly possible. Doing this ensures a level playing field and the best rate selection.

The best way we recommend to compare insurance rates in your area is to take advantage of the fact almost all companies pay for the opportunity to compare rate quotes. To get started, all you need to do is spend a couple of minutes providing details like whether you drive to work or school, how much you drive, whether you are married, and how old drivers are. The rating information is instantly provided to multiple car insurance providers and they return quotes immediately.

To find the cheapest Audi A5 insurance rates, click here and see if a lower rate is available in Lubbock.

The car insurance companies shown below provide comparison quotes in Texas. If your goal is to find cheap car insurance in Texas, we recommend you compare several of them to find the most competitive car insurance rates.

Detailed insurance information

The premium information shown next showcases detailed analysis of insurance premium costs for Audi A5 models. Understanding more about how car insurance premiums are formulated is important to be able to make smart choices when buying a car insurance policy.

Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Prices do not factor in your specific Lubbock location which can increase or decrease coverage rates noticeably.

Where to set your deductibles

When comparing car insurance rates, the most common question is how high or low should comp and collision deductibles be. The tables below may help to conceptualize the difference in cost when you choose different physical damage coverage deductibles. The first rate quote example uses a $250 deductible for physical damage and the second rate table uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in specific garaging location which can decrease or increase coverage prices considerably.

Based on the figures above, using a $250 deductible costs approximately $20 more each month or $240 every year than choosing the higher $500 deductible. Because you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you go at least 13 months between claim filings, you would probably be better off if you choose a higher deductible.

Insurance rate increases from tickets or accidents

The illustration below shows how speeding tickets and accident claims impact Audi A5 annual premium costs for each different age category. The price estimates are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are applied.

Annual premiums comparing men and women in Lubbock

The diagram below shows the comparison of Audi A5 insurance costs for male and female drivers. The premiums are based on a clean driving record, no at-fault accidents, full physical damage coverage, $1,000 deductibles, single marital status, and no other discounts are factored in.

Does full coverage make sense?

The example below shows the comparison of Audi A5 insurance prices with liability coverage only compared to full coverage. The rates are based on no accidents or driving violations, $100 deductibles, drivers are not married, and no policy discounts are applied.

When to eliminate full coverage

There isn’t a steadfast formula of when to stop paying for full coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Audi A5 replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after the deductible is paid. If it’s costing you more than $300 annually for full coverage, then it could be time to drop full coverage.

There are some situations where removing full coverage is not advised. If you haven’t satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.

Auto insurance quotes and discounts

Auto insurance is easily one of your largest bills, but there may be some discounts that you may not know about. Some of these discounts will be visible at the time of quoting, but a few must be asked for prior to getting the savings.

• Early Payment Discounts – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
• Waiver for an Accident – This one is not really a discount per se, but a handful of insurance companies will allow you to have one accident without raising rates with the catch being you have to be claim-free before the accident.
• Policy Bundle Discount – When you combine your auto and homeowners insurance and insure them both with the same insurance company you may save at least 10% off all policies.
• E-sign – A few larger online companies will give a small break for signing up on the web.
• Military Deployment Discount – Being deployed with a military unit could be rewarded with lower prices.
• Accident Free – Drivers with accident-free driving histories are rewarded with significantly better rates on Lubbock auto insurance quote when compared to drivers with a long claim history.
• Responsible Driver Discounts – Drivers who avoid accidents can save up to 40% or more on their Lubbock auto insurance quote compared to rates paid by drivers with frequent claims.
• Sign Early and Save – A few larger companies allow discounts for switching companies early. You may see this discount when you get Lubbock auto insurance quotes online.
• Save over 55 – If you’re over the age of 55, you may qualify for a slight reduction on a Lubbock auto insurance quote.

While discounts sound great, it’s important to understand that some of the credits will not apply to your bottom line cost. Most cut the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, you’re out of luck.

The example below compares Audi A5 insurance costs with and without some available policy discounts. The costs are based on a female driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, homeowner, marriage, and multi-policy discounts applied.

Companies that may offer policyholders these benefits include:

• GEICO
• Travelers
• Farm Bureau
• Liberty Mutual
• American Family
• Progressive

When getting a coverage quote, ask each company which discounts you qualify for. Some credits might not be available to policyholders in your state.

Here’s why insurance is not optional

Even though it can be expensive, paying for insurance serves several important purposes.

First, almost all states have compulsory liability insurance requirements which means the state requires a specific minimum amount of liability in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your vehicle has a lienholder, almost all lenders will require you to buy full coverage to guarantee their interest in the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Audi at a much higher premium rate and require you to reimburse them much more than you were paying before.

Third, insurance protects both your Audi and your personal assets. It will also reimburse you for most medical and hospital costs for yourself as well as anyone injured by you. Liability coverage will also pay attorney fees in the event you are sued. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of having insurance definitely exceed the price paid, especially for larger claims. On average, a vehicle owner in Lubbock is overpaying over $865 each year so it’s important to compare rates once a year at a minimum to be sure current rates are still competitive.

Texas auto insurance companies

Ending up with a highly-rated company can be challenging considering how many choices you have in Texas. The ranking information in the next section may help you pick which providers you want to consider shopping prices with.

Top 10 Lubbock Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Can’t I compare prices from local Lubbock insurance agencies?

Some consumers just prefer to go talk to an agent and that can be a great decision Professional insurance agents can help you choose the best coverages and help you file claims. A good thing about comparing car insurance online is you can get cheap car insurance rates but still work with a licensed agent. Buying from and supporting local agencies is important particularly in Lubbock.

For easy comparison, once you complete this quick form, the coverage information is sent to insurance agents in Lubbock who will give you bids for your car insurance coverage. There is no need to contact any insurance agencies due to the fact that quote results will go immediately to your email address. If you have a need to compare prices from one company in particular, you can always find their quoting web page and fill out their quote form.

Choosing an insurer requires you to look at more than just a cheap quote. Below are some questions you should ask.

• What is their Better Business Bureau rating?
• Does the company have a local claim office in Lubbock?
• Will you get a loaner vehicle if you car is being repaired?
• What is the financial rating for the quoted company?
• Will the agent help in case of a claim?
• Are they properly licensed to sell insurance in Texas?
• How long has their agency been open in Lubbock?
• Can glass claims be handled at your home?

Upon receiving reasonable responses to these questions as well as offering an affordable quote, you have narrowed it down to a company that is reliable enough to provide car insurance coverage. Just be aware that it’s your coverage and you can terminate your policy any time you want so never feel you’re contractually obligated to any specific company for any length of time.