Compare 2016 Audi Q5 Insurance Quotes

Looking for better insurance rates for your Audi Q5? Having to pay for expensive Audi Q5 insurance can diminish your monthly budget and put a big crunch on your finances. Comparing cost estimates can lower your rates and help to lower your monthly bill.

Due to the fact that there are so many options when it comes to insurance, it’s nearly impossible to choose the right company.

Components of your Audi Q5 insurance premiums

It’s important that you understand some of the factors that come into play when calculating the price you pay for insurance. If you have some idea of what controls the rates you pay, this enables you to make decisions that may result in much lower annual insurance costs. Lots of things are used in the calculation when premium rates are determined. Most are fairly basic like your driving record, although some other factors are not quite as obvious such as your marital status or your commute time.

  • Gender is a factor – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Males and females are responsible for auto accidents in similar numbers, but guys cause more damage and cost insurance companies more money. Not only are claims higher, but men receive more major tickets such as reckless driving. Young males are the most expensive to insure and are penalized with high insurance rates.
  • High comp and collision deductibles cost less – Comprehensive and collision coverage deductibles represent how much money the insured will be required to pay in the event of a claim. Physical damage coverage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Examples of some claims that would be covered could be colliding with a stationary object, collision with a deer, and having a roll-over accident. The more expense you pay before a claim is paid (deductible), the less your insurance will be on Q5 coverage.
  • Vehicle features can affect rates – Buying a car that has an advanced theft prevention system can save you a little every year. Advanced theft deterrents such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent auto theft and help lower rates.
  • Always have insurance – Letting your insurance expire is a quick way to increase your rates. In addition to paying higher rates, the inability to provide proof of insurance could result in a fine, jail time, or a revoked license. Then you may be required to prove you have insurance by filing a SR-22 with your state department of motor vehicles.

How to buy insurance

There are a variety of methods to compare insurance prices but there is one way that is less labor-intensive and much quicker. You can waste hours talking about coverages with insurance agencies in your area, or you can stay home and use online quotes to achieve your goal.

Many insurance companies belong to an insurance system where prospective buyers send in one quote, and at least one company can provide price quotes for coverage. This system prevents you from having to do quote requests for every insurance company.

To find out how much you can save on insurance click here (opens in new window).

The one disadvantage to pricing coverage this way is you don’t know exactly which carriers you want pricing from. So if you prefer to choose individual companies to compare prices, we have a listing of companies who write insurance in your area. Click to view list.

However you get your quotes, do your best to enter apples-to-apples deductibles and coverage limits with each company. If your comparisons have different deductibles it’s impossible to determine which rate is truly the best. Having just a slight variation in insurance coverages may result in a large different in cost. It’s important to know that comparing more quotes helps increase your odds of locating a lower rate.

But the ad said I’d save 15% in 15 minutes!

Car insurance companies such as State Farm, Allstate and Geico continually stream television and radio advertisements. All the ads tend to make the same promise that you can save if you get a free insurance quote and switch your policy. How do they all say the same thing? Here is how they do it.

Many companies have a certain “appetite” for the driver that is profitable for them. For instance, a desirable risk might be described as between the ages of 40 and 55, has a clear driving record, and drives less than 10,000 miles a year. A propective insured who matches that profile will get low premium rates and will also save when they switch companies.

Insureds who fall outside these standards will probably be forced to pay a higher premium which results in business not being written. The ads say “people that switch” not “everybody who quotes” save that kind of money. That is how insurance companies can advertise the way they do.

This really drives home the point why you should do a price quote comparison at every renewal. You cannot predict which car insurance company will provide you with the cheapest rates.

Auto Insurance Discounts

Insuring your fleet can be pricey, but discounts can save money and there are some available that could help you make your next renewal payment. Some discounts apply automatically when you complete an application, but some discounts are required to be inquired about before you will receive the discount. If you do not double check each discount possible, it’s possible you qualify for a lower rate.

  • Anti-lock Brake System – Vehicles with anti-lock braking systems are safer to drive and therefore earn up to a 10% discount.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to buckle up can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
  • Paperless Signup – Some of the larger companies may give you up to $50 for buying your policy on their website.
  • Anti-theft System – Vehicles that have factory alarm systems and tracking devices can help prevent theft and can earn a small discount on your policy.
  • Discount for Swiching Early – A few larger companies give discounts for buying a policy before your current policy expires. The savings is around 10%.
  • Life Insurance Discount – Companies who offer life insurance give a lower rate if you buy life insurance from them.
  • Telematics Discount – Drivers that enable their insurance company to track driving manner remotely like In-Drive from State Farm and Progressive’s Snapshot may see discounts if they are good drivers.
  • Save with More Vehicles Insured – Buying coverage for multiple cars or trucks with the same company can reduce the rates for all insured vehicles.
  • Membership in Organizations – Having an affiliation with qualifying clubs or civic groups could earn you a nice discount when getting a insurance quote.
  • Driver Training Discounts – Successfully completing a course that instructs on driving safety can save you 5% or more if you qualify.

As a footnote on discounts, most discount credits are not given to your bottom line cost. Most only reduce individual premiums such as medical payments or collision. Despite the appearance that all the discounts add up to a free policy, companies wouldn’t make money that way.

A few of the larger companies and a selection of discounts are shown below.

  • State Farm offers premium reductions for safe vehicle, accident-free, driver’s education, passive restraint, Steer Clear safe driver discount, and good driver.
  • Liberty Mutual has discounts for newly married, new move discount, teen driver discount, multi-car, new vehicle discount, and multi-policy.
  • American Family may offer discounts for Steer into Savings, good student, accident-free, air bags, and early bird.
  • Progressive includes discounts for multi-policy, multi-vehicle, continuous coverage, homeowner, online quote discount, online signing, and good student.
  • Farmers Insurance offers discounts including homeowner, bundle discounts, teen driver, switch companies, alternative fuel, business and professional, and early shopping.
  • Auto-Owners Insurance offers discounts for company car, safe driver, multi-policy, mature driver, and student away at school.
  • SAFECO may have discounts that include teen safe driver, anti-theft, teen safety rewards, bundle discounts, and accident prevention training.

Before you buy a policy, ask each company or agent which credits you are entitled to. Some of the discounts discussed earlier may not be offered in your state. To see a list of insurers with discount auto insurance rates, click this link.

Tailor your insurance coverage coverage to you

When it comes to buying the right insurance coverage for your vehicles, there really is not a one size fits all plan. Every situation is different and your policy should reflect that. These are some specific questions may help you determine whether or not you might need an agent’s assistance.

  • How does medical payments coverage work?
  • Am I covered when driving someone else’s vehicle?
  • What exactly is covered by my policy?
  • Why is insurance for a teen driver so high?
  • What is UM/UIM insurance?
  • Is extra glass coverage worth it?
  • Where can I find high-risk insurance?
  • Should I buy full coverage?
  • Am I covered if I drive in a foreign country?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

Car insurance coverage information

Learning about specific coverages of insurance can help you determine which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Shown next are typical coverage types offered by insurance companies.

Comprehensive insurance

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as a broken windshield, hitting a deer, theft, damage from a tornado or hurricane and a tree branch falling on your vehicle. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as prosthetic devices, doctor visits, pain medications, X-ray expenses and EMT expenses. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Collision coverage

This pays for damage to your Q5 resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as scraping a guard rail, colliding with another moving vehicle and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Coverage for uninsured or underinsured drivers

This provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your 2016 Audi Q5.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these limits are similar to your liability insurance amounts.

Auto liability

Liability coverage protects you from damage or injury you incur to other people or property. It protects YOU from claims by other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers claims like attorney fees, bail bonds, repair costs for stationary objects and emergency aid. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Have the Midas touch

In this article, we covered many ideas to lower your 2016 Audi Q5 insurance prices. The key concept to understand is the more quotes you get, the better chance you’ll have of finding affordable insurance. Consumers could even find that the best prices are with the smaller companies. Smaller companies may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive and Geico.

When you buy insurance online, don’t be tempted to skimp on critical coverages to save a buck or two. In many instances, an accident victim reduced liability limits or collision coverage and found out when filing a claim that it was a big mistake. The proper strategy is to purchase plenty of coverage at an affordable rate and still be able to protect your assets.

Additional insurance coverage information can be read at these links: