Lower Your 2016 Audi SQ5 Insurance Cost

Cutting costs on insurance can seem to be a challenge for people new to online rate comparisons. Since there are so many companies in the marketplace, it can quickly become more work than you anticipated to find the perfect company for you.

How to find cheap insurance coverage

Most companies provide coverage price quotes on their websites. Comparing rates online is quite easy as you just type in your required coverages into a form. When complete, the quote system obtains your driving record and credit report and generates pricing information based on the data you entered.

Online price estimates streamlines rate comparisons, but having to visit multiple sites and fill out multiple forms is monotonous and tiresome. But it’s necessary to perform this step in order to find the lowest price.

There is an easier way!

The quickest way to lower your rates utilizes a single form that gets prices from more than one company. This type of form saves time, reduces the work, and makes online shopping much more efficient. As soon as the form is sent, your coverage is rated with multiple companies and you can pick any or none of the resulting price quotes. If one or more price quotes are lower than your current rates, you can simply submit the application and buy the new coverage. The entire process takes just a few minutes to complete and may save quite a bit of money.

To quickly compare pricing, simply click here to open in new window and submit the form. If you have a policy now, it’s recommended you enter the coverages exactly as shown on your declarations page. Doing this assures you are getting rate comparison quotes for similar insurance coverage.

Use discounts on insurance

Properly insuring your vehicles can get expensive, but there could be available discounts that can dramatically reduce your bill. Some discounts will apply when you purchase, but a few must be requested specifically prior to getting the savings. If you don’t get every credit you deserve, you are just wasting money.

  • Anti-lock Brake System – Cars and trucks that have anti-lock braking systems are much safer to drive so companies give up to a 10% discount.
  • Mature Driver Discount – If you’re over the age of 55, you can get a slight reduction on a insurance coverage quote on SQ5 insurance.
  • Save with More Vehicles Insured – Buying insurance for primary and secondary vehicles on the same insurance policy can reduce the rates for all insured vehicles.
  • Club Memberships – Participating in a civic or occupational organization can get you a small discount on your next renewal.
  • Student in College – Youth drivers living away from home attending college and do not have access to a covered vehicle may qualify for this discount.
  • Paperwork-free – Some insurance companies will give a small break just for signing your application over the internet.
  • Early Switch Discount – A few companies allow discounts for buying a policy prior to the expiration date on your current policy. You can save around 10% with this discount.
  • Include Life Insurance and Save – Not all insurance companies offer life insurance, but some may give you a discount if you purchase auto and life insurance together.
  • Bundled Policy Discount – If you can bundle your home and auto insurance with the same company you could earn a discount of up to 20% off your total premium.
  • Discounts for New Vehicles – Putting coverage on a new car can cost up to 25% less since new vehicles are generally safer.

As a disclaimer on discounts, many deductions do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

Some of the larger companies that may offer policyholders most of these discounts may include but are not limited to:

Before you buy a policy, ask each company or agent to apply every possible discount. Savings might not be offered on policies in your area. To view insurance companies with the best discounts, click here.

How your SQ5 insurance rates are determined

Lots of things are taken into consideration when you get your auto insurance bill. Some of the criteria are obvious like a motor vehicle report, but other criteria are not quite as obvious such as your marital status or your financial responsibility.

  • Prevent your car from being stolen – Owning a car with an alarm system can save you a little every year. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent car theft.
  • Do you qualify for a multi-policy discount? – Lots of insurers will award lower prices to insureds that buy multiple policies. It’s known as a multi-policy discount. Discounts can amount to five, ten or even twenty percent. If you currently are using one company, you may still want to shop around to confirm you are receiving the best rates possible. It’s possible to still find a better deal by buying car insurance from a different company.
  • Gender and car insurance prices – Statistics show women tend to be less risk to insure than men. However, this does not mean females are better at driving than males. Both sexes have auto accidents at about the same rate, but men tend to have higher claims. Men also get ticketed for serious violations like DWI (DUI) or reckless driving. Young males have the highest risk to insure so they pay the highest premiums.
  • Liability insurance limits are a factor – Liability insurance is the protection if ever you are responsible for causing personal injury or damage in an accident. This coverage provides legal defense which can be incredibly expensive. It is affordable coverage compared to comp and collision, so do not cut corners here.
  • Tickets and citations cost more than a fine – Being a careful driver impacts your car insurance rates tremendously. Careful drivers tend to pay less for car insurance than people who have multiple driving citations. Just one moving violation may increase your cost forty percent or more. Drivers who get multiple violations such as DWI, reckless driving or hit and run convictions may need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to legally drive.
  • Keep prices low by being claim-free – If you frequently file small claims, you shouldn’t be surprised to get either higher rates or even cancellation. Insurance companies award cheaper rates to people who do not rely on their insurance for small claims. Your car insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Don’t let your coverage lapse – Allowing your car insurance policy to lapse is a quick way to pay more for car insurance. Not only will rates go up, failure to provide proof of insurance could earn you fines and jail time.

Tailor your insurance coverage coverage to you

When it comes to choosing coverage, there really is not a one size fits all plan. Every insured’s situation is different.

Here are some questions about coverages that might point out whether your personal situation would benefit from professional advice.

  • Are my friends covered when driving my 2016 Audi SQ5?
  • Does medical payments coverage apply to all occupants?
  • Is there coverage for injuries to my pets?
  • Is other people’s property covered if stolen from my vehicle?
  • When do I need to add a new car to my policy?
  • What can I do if my company won’t pay a claim?
  • At what point should I drop full coverage?
  • How can I get my company to pay me more for my totalled car?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form.

Auto insurance ads are enticing

Big name companies like 21st Century, Allstate and State Farm continually stream ads in print and on television. All the companies have a common claim that drivers can save some big amount if you move to them. How can each company charge lower premium rates?

Different companies give the best rates for the type of insured they prefer to insure. An example of a desirable risk should be a married male, insures multiple vehicles, and the vehicle is rated for pleasure use. A driver who matches those parameters may get the lowest rates and most likely will cut their rates if they switch.

People who don’t measure up to this ideal profile will see more expensive rates and ends up with the prospect going elsewhere. If you pay close attention to the ads, they say “drivers that switch” not “everybody who quotes” save that much when switching. This is how companies can truthfully make those statements. Because each company has a different risk profile, drivers should quote coverage with many companies. It is impossible to predict the company that will fit your personal profile best.

Insurance coverage options for a 2016 Audi SQ5

Understanding the coverages of your insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Insurance terms can be difficult to understand and nobody wants to actually read their policy.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like damage from a tornado or hurricane, a broken windshield and theft. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for liability

Liability insurance will cover injuries or damage you cause to other people or property by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability can pay for claims such as legal defense fees, pain and suffering and structural damage. How much liability should you purchase? That is your choice, but you should buy higher limits if possible.

Auto collision coverage

This coverage covers damage to your SQ5 caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like damaging your car on a curb, hitting a mailbox, driving through your garage door, hitting a parking meter and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Medical expense coverage

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for chiropractic care, doctor visits and funeral costs. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Never pay more for less

You just read quite a bit of information on how to save on 2016 Audi SQ5 insurance. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. Consumers could even find that the best price on car insurance is with the least-expected company.

When you buy insurance coverage online, never buy lower coverage limits just to save a few bucks. Too many times, an insured dropped full coverage only to find out that the few dollars in savings costed them thousands. Your focus should be to buy the best coverage you can find at a price you can afford but still have enough coverage for asset protection.

Insureds leave their current company for many reasons like being labeled a high risk driver, policy cancellation, delays in paying claims or denial of a claim. Regardless of your reason for switching companies, finding a great new company is less work than it seems.

Additional car insurance information can be found at these links: