Best Rates for Audi A3 Insurance in Lexington

Have you had enough of being strong-armed to pay your insurance bill each month? You are in the same boat as millions of other people.

We don’t have to tell you that insurance companies don’t want you to look for a cheaper policy. People who get comparison quotes at least once a year are very likely to move their business because of the good chance of finding a cheaper policy. A study discovered that drivers who compared rate quotes regularly saved about $70 a month compared to people who never shopped around for cheaper prices.

If finding the cheapest price on Audi A3 insurance is your objective, knowing how to find and compare auto insurance can make it easier to find better rates.

Multiple insurance companies compete for your business, so it can be very hard to choose a provider to find the absolute best rates possible on Audi A3 insurance in Lexington.

Earn discounts to get lower-cost Lexington car insurance quotes

Auto insurance companies don’t necessarily list every available discount in a way that’s easy to find, so we researched some of the best known as well as some of the hidden discounts that you may qualify for. If you don’t get every credit you deserve, you could be getting lower rates.

• Defensive Driving Course – Taking time to complete a course teaching driver safety skills could possibly earn you a 5% discount depending on where you live.
• E-sign Discounts – Some car insurance companies give back up to $50 simply for signing on your computer.
• Student Discounts – Performing well in school may save as much as 25% on a Lexington auto insurance quote. The good student discount can last up to age 25.
• More Vehicles More Savings – Insuring multiple vehicles with the same company can get a discount on all vehicles.
• Theft Deterrent System – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and will qualify for a discount on a Lexington auto insurance quote.
• Data Collection Discounts – Lexington drivers who agree to allow companies to study driving manner by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm may see discounts if their driving habits are good.
• Senior Discount – If you qualify as a senior citizen, you may receive a small decrease in premiums.
• Memberships – Participating in a qualifying organization is a good way to get lower rates on your next car insurance statement.
• Policy Bundle Discount – When you have multiple policies with the same insurance company you could save as much as 10 to 15 percent.

You should keep in mind that most credits do not apply to the entire cost. Some only reduce individual premiums such as liability, collision or medical payments. So even though it sounds like you could get a free car insurance policy, companies wouldn’t make money that way.

The example below shows the difference between Audi A3 insurance premiums with and without some available policy discounts. The information is based on a female driver, no claims, a clean driving record, Kentucky state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, safe-driver, multi-policy, claim-free, and multi-car discounts applied.

A list of companies and their possible discounts are shown below.

• State Farm may offer discounts for multiple autos, multiple policy, student away at school, anti-theft, good student, and defensive driving training.
• Progressive discounts include good student, online signing, multi-vehicle, online quote discount, and multi-policy.
• Travelers may include discounts for early quote, hybrid/electric vehicle, student away at school, multi-policy, and continuous insurance.
• American Family has discounts for air bags, mySafetyValet, accident-free, good driver, and good student.
• Liberty Mutual offers discounts including new move discount, safety features, newly married, exclusive group savings, and new graduate.

When getting free Lexington auto insurance quotes, it’s a good idea to every company which discounts you may be entitled to. Some of the earlier mentioned discounts may not be available everywhere. To see insurance companies that offer multiple discounts in Kentucky, click this link.

There are several ways of comparing rates from different Lexington insurance companies. The easiest way by far to find competitive Audi A3 insurance rates involves getting comparison quotes online.

Getting price quotes online is very simple and it replaces the need to spend your day driving to local Lexington insurance agencies. Quoting and buying Audi A3 insurance online makes this process obsolete unless you prefer the professional abilities that only a licensed agent can provide. You can, however, compare the best prices online but have a local agent actually write the policy.

When price shopping your coverage, making a lot of price comparisons will enable you to find the best offered rates.

The companies in the list below have been selected to offer price quotes in Kentucky. If multiple companies are listed, it’s highly recommended you click on several of them to find the most affordable auto insurance rates.

Car insurance data for an Audi A3

The premium table displayed next outlines detailed analysis of prices for Audi A3 models. Being aware of how insurance prices are figured can aid in making smart policy decisions.

Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price information does not factor in specific location which can affect rates noticeably.

Where to set your deductibles

When comparing car insurance rates, the most common question is which comprehensive and collision deductibles to buy. The following insurance rates can help show the cost difference when you buy lower versus higher comp and collision deductibles. The first rate estimation uses a $250 physical damage deductible and the second set of rates uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in the specific area where the vehicle is garaged which can decrease or increase coverage rates significantly.

We can derive from the above data that using a $250 deductible will cost in the ballpark of $14 more each month or $168 each year than requesting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you go more than 18 months between claims, you would probably be better off by selecting a higher deductible.

How accidents and violations affect rates in Lexington

The chart below illustrates how violations and at-fault fender-benders increase Audi A3 premium costs for different categories of driver ages. The prices are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

Audi A3 insurance rates by age and gender

The illustration below shows the comparison of Audi A3 insurance costs for male and female drivers. The prices are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, single marital status, and no discounts are applied.

Should you buy full coverage?

The example below shows the comparison of Audi A3 car insurance costs with and without physical damage coverage. The information is based on no claims or driving violations, $500 deductibles, marital status is single, and no discounts are applied to the premium.

When to drop comprehensive and collision coverage

There is no definitive rule for dropping comp and collision coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let’s say your Audi A3 settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $4,000 after paying the physical damage deductible. If you are paying more than $400 annually for physical damage coverage, then it might be time to buy liability only.

There are some circumstances where only buying liability is not advised. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Local Lexington auto insurance agents and car insurance

Certain consumers prefer to visit with an insurance agent and that is a personal choice. The biggest benefit of getting free rate quotes online is you may find cheap car insurance quotes but still work with a licensed agent. Buying from neighborhood agents is definitely important in Lexington.

After completing this short form, your insurance coverage information is immediately sent to companies in Lexington who can give free rate quotes for your business. It makes it easy because there is no need to drive around since rate quotes are delivered directly to you. You can find better rates and an insurance agent to talk to. If for some reason you want to get a price quote from a particular provider, just jump over to their website to submit a rate quote request.

If you prefer to buy car insurance from a local insurance agency, you must know there are a couple types of agencies that differ in how they can insure your vehicles. Insurance agencies in Lexington can either be exclusive agents or independent agents.

Independent Agencies or Brokers

Independent agencies are not locked into one company and that is an advantage because they can write policies with any number of different companies and find the cheapest car insurance rates. If prices rise, your agent can just switch to a different company and you won’t have to switch agencies.

When shopping rates, it’s recommended you check rates from at least one independent agent for maximum quote selection.

Featured below is a list of independent insurance agents in Lexington that may be able to provide free price quotes.

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Exclusive Car Insurance Agencies

Exclusive insurance agents can only write with one company such as AAA, Allstate, and State Farm. They usually cannot compare rates from other companies so always compare other rates. Exclusive insurance agents receive a lot of sales training on their company’s products which helps them sell insurance even at higher premiums.

The following are exclusive insurance agents in Lexington that can give you comparison quotes.

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Finding a good auto insurance agent needs to be determined by more than just a cheap quote. These are some questions you should get answers to.

• How long has the business existed?
• Does the company have a solid financial rating?
• How many years of experience in personal auto insurance do they have?
• Who is covered by the car insurance policy?
• Do they reduce claim amounts on high mileage vehicles?
• What will you get paid if your car is a total loss? How is that amount determined?
• Can glass repairs be made at your home?
• Which insurance company do they prefer to write with?

Detailed coverages of your insurance policy

Having a good grasp of insurance helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Below you’ll find typical coverages found on most insurance policies.

Coverage for liability

This coverage protects you from damage that occurs to other people or property. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/10 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $10,000. Some companies may use one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things like repair bills for other people’s vehicles, pain and suffering, loss of income, repair costs for stationary objects and attorney fees. How much coverage you buy is up to you, but you should buy as much as you can afford. Kentucky requires drivers to carry at least 25/50/10 but it’s recommended drivers buy higher limits.

The illustration below shows why minimum state limits may not provide adequate coverage.

Auto collision coverage

Collision coverage will pay to fix damage to your A3 from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as hitting a mailbox, sideswiping another vehicle, sustaining damage from a pot hole, crashing into a ditch and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Another option is to raise the deductible on your A3 in order to get cheaper collision rates.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and damage to your Audi A3.

Because many people only purchase the least amount of liability that is required (which is 25/50/10), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like doctor visits, prosthetic devices, surgery, rehabilitation expenses and hospital visits. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Comprehensive coverage (or Other than Collision)

This coverage covers damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like hitting a bird, fire damage and theft. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

The best insurance company isn’t always the cheapest

When shopping online for auto insurance, you should never buy lower coverage limits just to save a few bucks. There have been many cases where someone dropped physical damage coverage only to regret at claim time that it was a big mistake. The ultimate goal is to buy enough coverage for the lowest price but still have enough coverage for asset protection.

The cheapest Audi A3 insurance in Lexington can be purchased on the web as well as from independent agents in Lexington, so you need to quote Lexington auto insurance with both in order to have the best price selection to choose from. Some companies do not provide internet price quotes and these small insurance companies sell through independent agents.

Steps to buying lower priced Audi A3 insurance in Lexington

The preferred way to get affordable auto insurance rates in Lexington is to compare prices regularly from companies who can sell car insurance in Kentucky.

1. Learn about the different coverages in a policy and the things you can change to keep rates low. Many policy risk factors that cause rate increases such as traffic citations and a less-than-favorable credit rating can be controlled by improving your driving habits or financial responsibility.
2. Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like GEICO and Allstate, while agents who are independent can provide prices from multiple insurance companies.
3. Compare the price quotes to the price on your current policy and determine if there is any savings. If you find a lower rate quote and switch companies, make sure coverage does not lapse between policies.

One tip to remember is to use the same coverage limits and deductibles on every quote request and and to get price quotes from as many car insurance companies as possible. Doing this enables a level playing field and the most accurate and complete price analysis.

Additional detailed information can be read in the articles below:

• Booster Seat Ratings (iihs.org)
• Who Has Cheap Car Insurance for Welfare Recipients in Lexington? (FAQ)
• How Much are Auto Insurance Quotes for a Subaru Outback in Lexington? (FAQ)
• Who Has Affordable Lexington Auto Insurance Rates for Real Estate Agents? (FAQ)
• How Much are Car Insurance Quotes for a Toyota Corolla in Lexington? (FAQ)
• Teen Driving Statistics (iihs.org)
• Protecting Teens from Drunk Driving (Insurance Information Institute)
• Automakers compete to add autobraking (Insurance Institute for Highway Safety)
• Child Safety FAQ (iihs.org)