Audi Q5 Insurance Quotes in Durham

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Audi Q5 insurance policy
Audi Q5 insurance policy image courtesy of QuoteInspector.com

Insurance rates Audi Q5 in DurhamIt goes without saying that insurance companies don't want you comparing rates. People who shop around are inclined to switch companies because there is a good chance of finding a policy with better rates. A recent survey discovered that people who compared rate quotes regularly saved on average $70 a month compared to other drivers who never compared other company's rates.

If saving money on Audi Q5 insurance in Durham is your ultimate objective, then learning a little about the best ways to shop for insurance can make the process more efficient.

If you want to save money, the best way to get discount Audi Q5 insurance in Durham is to start doing an annual price comparison from different companies who can sell car insurance in North Carolina.

  • First, get a basic knowledge of the different coverages in a policy and the changes you can make to drop your rates. Many risk factors that cause high rates like careless driving and bad credit can be controlled by making minor changes to your lifestyle.
  • Second, request price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from a single company like GEICO or Allstate, while independent agencies can quote prices from many different companies.
  • Third, compare the new rates to the price on your current policy to see if a cheaper price is available. If you find better rates, make sure the effective date of the new policy is the same as the expiration date of the old one.
  • Fourth, give notification to your current company to cancel your current coverage. Submit a down payment and signed policy application to your new insurance company. Once the paperwork is finalized, place your new certificate verifying proof of insurance in an easily accessible location.

A good piece of advice is that you use similar limits and deductibles on every quote request and and to get price quotes from as many car insurance companies as possible. This helps ensure an accurate price comparison and plenty of rates choose from.

Locating the best rates in Durham can be much easier if you know how to start. If you have car insurance now, you will most likely be able to lower your rates using the ideas presented in this article. Nevertheless, North Carolina car owners should learn how companies market insurance on the web and use this information to your advantage.

When comparison shopping, there are several ways of comparing rates from companies that offer auto insurance in North Carolina. One of the best ways to compare rates is to get quotes online.

When comparing auto insurance rates, know that more quotes will increase your chances of finding more affordable insurance.

The providers in the list below can provide price quotes in Durham, NC. To get cheaper auto insurance in North Carolina, we recommend you click on several of them to get a more complete price comparison.

Verify you're receiving every discount

Some insurance providers don't always advertise the complete list of policy discounts in an easy-to-find place, so here is a list some of the best known in addition to some of the lesser obvious discounts that you can inquire about if you buy Durham car insurance online.Save money with discounts

  • Passive Restraints and Air Bags - Factory air bags or automatic seat belts can receive discounts of up to 25% or more.
  • Early Switch Discount - Some auto insurance companies give discounts for switching companies before your current expiration date. This can save 10% or more.
  • No Claims - Good drivers with no accidents get the best auto insurance rates in comparison to frequent claim filers.
  • Multi-line Discount - If the company offers life insurance, you could get lower prices if you buy a life policy as well.
  • E-sign - Many companies will give a small break simply for signing on their website.
  • Discounts for Seat Belt Usage - Drivers who require all vehicle occupants to buckle up can save a little off the medical payments premium.
  • Driving Data Discount - Insureds that choose to allow data collection to spy on vehicle usage by using a telematic data system such as Progressive's Snapshot and State Farm's In-Drive could save a few bucks as long as they are good drivers.
  • Auto/Home Discount - If you have multiple policies with the same insurance company you will save at least 10 to 15 percent or more.
  • Drive Safe and Save - Insureds without accidents can save up to 40% or more on their Durham car insurance quote than less cautious drivers.

Don't be shocked that most discounts do not apply to the whole policy. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like adding up those discounts means a free policy, that's just not realistic. But all discounts will help reduce your premiums.

The chart below shows the comparison of Audi Q5 insurance rates with and without discounts applied to the rates. The costs are based on a female driver, no claims, a clean driving record, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, marriage, multi-car, and safe-driver discounts applied.

Companies and a selection of discounts are outlined below.

  • State Farm offers discounts including accident-free, anti-theft, Drive Safe & Save, driver's education, and good student.
  • Farmers Insurance discounts include pay in full, electronic funds transfer, switch companies, early shopping, and mature driver.
  • GEICO may offer discounts for federal employee, anti-lock brakes, multi-policy, membership and employees, and driver training.
  • American Family offers premium reductions for Steer into Savings, mySafetyValet, bundled insurance, good driver, and air bags.
  • Nationwide may include discounts for family plan, accident-free, easy pay, Farm Bureau membership, multi-policy, defensive driving, and anti-theft.
  • Progressive has savings for online quote discount, multi-policy, good student, online signing, multi-vehicle, and homeowner.

Double check with every company what discounts are available to you. Some credits may not apply to policyholders in your area. To see companies who offer discounts in Durham, follow this link.

Analysis of Audi Q5 rates

The table below showcases different coverage prices for Audi Q5 models. Having a better understanding of how policy rates are established can help guide drivers when making smart choices when purchasing an auto insurance policy.

Audi Q5 Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Q5 3.2 Premium AWD $116 $284 $282 $16 $84 $782 $65
Q5 3.2 Premium Plus AWD $128 $284 $282 $16 $84 $794 $66
Q5 3.2 Premium Plus S-Line AWD $128 $284 $282 $16 $84 $794 $66
Q5 3.2 Prestige AWD $128 $322 $282 $16 $84 $832 $69
Q5 3.2 Prestige S-Line AWD $128 $322 $282 $16 $84 $832 $69
Get Your Own Custom Quote Go

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can change coverage rates considerably.

Where to set your deductibles

One frequently asked question is at what level do you set your deductibles. The tables below may help to conceptualize the rate differences when you buy lower versus higher deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.

Audi Q5 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Q5 3.2 Premium AWD $242 $524 $250 $14 $74 $1,129 $94
Q5 3.2 Premium Plus AWD $270 $524 $250 $14 $74 $1,157 $96
Q5 3.2 Premium Plus S-Line AWD $270 $524 $250 $14 $74 $1,157 $96
Q5 3.2 Prestige AWD $270 $594 $250 $14 $74 $1,227 $102
Q5 3.2 Prestige S-Line AWD $270 $594 $250 $14 $74 $1,227 $102
Get Your Own Custom Quote Go
Audi Q5 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Q5 3.2 Premium AWD $134 $276 $250 $14 $74 $748 $62
Q5 3.2 Premium Plus AWD $150 $276 $250 $14 $74 $764 $64
Q5 3.2 Premium Plus S-Line AWD $150 $276 $250 $14 $74 $764 $64
Q5 3.2 Prestige AWD $150 $314 $250 $14 $74 $802 $67
Q5 3.2 Prestige S-Line AWD $150 $314 $250 $14 $74 $802 $67
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Price estimates do not factor in vehicle location which can decrease or increase insurance rates substantially.

Based on these figures, using a $100 deductible could cost the average driver approximately $33 more each month or $396 for a full year than quoting the higher $1,000 deductible. Since you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 27 months between claims, you would most likely save money if you choose the higher deductible. The numbers below show how this determination is made.

Average monthly premium for $100 deductibles: $98
Average monthly premium for $1,000 deductibles (subtract): - $65
Monthly savings from raising deductible: $33
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $33
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 27 months

An important thing to remember is that raising deductibles to save money results in having to pay to pay more out-of-pocket when you have a claim. You need some extra savings in the event you need to pay more to get your vehicle repaired.

The diagram below illustrates how your choice of deductibles and can impact Audi Q5 insurance costs for different categories of driver ages. The information is based on a married male driver, full physical damage coverage, and no discounts are applied.

Do you need full coverage?

The chart below visualizes the comparison of Audi Q5 annual premium costs with full physical damage coverage and with liability coverage only. The premium estimates are based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no other discounts are factored in.

When to switch to liability coverage only

There is no specific rule of when to eliminate physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let's pretend your Audi Q5 replacement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,000 after the deductible is paid. If you are paying in excess of $500 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are a few cases where removing full coverage is not in your best interest. If you haven't paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.

Eight factors that determine insurance prices

Lots of factors are considered when you get your auto insurance bill. Some factors are common sense like your driving record, but others are more obscure such as your marital status and annual miles driven. One of the most helpful ways to save on auto insurance is to to have a grasp of some of the factors that help calculate the rates you pay for auto insurance. If you understand what determines premiums, this allows you to make good choices that can earn you much lower annual insurance costs.

  • Vehicles with better crash test results cost less to insure - Vehicles with high crash test scores are cheaper to insure. Safe vehicles help reduce the chance of injuries in an accident and fewer serious injuries translates directly to fewer claims and more competitive rates for policyholders.
  • More performance means higher costs - The make and model of the vehicle you are trying to find cheaper insurance for makes a substantial difference in your premium level. The cheapest insurance rates will generally be found on the lowest performance passenger cars, but the final cost of insurance is determined by many other factors.

    The next chart uses these variables: married male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Audi Q5 policy rates compared to other makes and models that have a range of performances.

  • How old are your drivers? - Teenage drivers in North Carolina are proven to be more careless behind the wheel so auto insurance rates are higher. Older drivers are viewed as being more responsible, cost insurance companies less in claims, and usually have better credit.

    The data below assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

  • The higher your credit rating the lower your rates - Having a good credit score can be a huge factor in determining premium rates. So if your credit rating could use some work, you could potentially save money when insuring your Audi Q5 if you improve your credit rating. Insureds with high credit ratings tend to be more responsible than drivers who have worse credit.
  • Where you reside - Having an address in small towns and rural areas is a positive aspect when shopping for auto insurance. Drivers in populated areas have to deal with congested traffic and higher rates of accident claims. Fewer drivers and short commutes corresponds to lower accident rates in addition to fewer liability claims.
  • Don't buy extra coverages that may not be needed - There are a lot of extra bells and whistles that sound like a good idea at the time when buying auto insurance. Add-on coverages like coverage for rental cars, accident forgiveness, and Farm Bureau memberships may not be needed and are just wasting money. These coverages may sound good initially, but your needs may have changed so consider taking them off your policy.
  • Infrequent drivers can save - The more you drive each year the more it will cost to insure it. The majority of insurers price each vehicle's coverage based upon how the vehicle is primarily used. Cars used primarily for pleasure use can be on a lower rate level compared to those used for work or business. Having an incorrect usage rating on your Q5 may be wasting your money. Ask your agent if your auto insurance declarations sheet properly reflects the correct usage.
  • Pay more of a claim out-of-pocket - Your deductibles are how much you are required to pay if a covered claim is submitted. Coverage for physical damage, also known as collision and other-than-collision, protects your car from damage. Examples of some claims that would be covered would be colliding with a stationary object, damage caused by hail, or theft of your vehicle. The more of the claim the insured is willing to pay, the lower your rates will be.
  • Audi Q5 historical loss data - Car insurance companies analyze past claim statistics as a tool for profitable underwriting. Vehicles that statistically have higher losses will cost more for coverage. The table below outlines the insurance loss data used by companies for Audi Q5 vehicles.

    For each type of coverage, the loss probability for all vehicles, regardless of make, model or trim level, is equal to 100. Percentage values below 100 represent a good loss history, while numbers that are greater than 100 point to more losses or a tendency for claims to be larger.

    Audi Q5 Insurance Claim Statistics
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Audi Q5 4dr 4WD 143 96 110 61 55 78
    Audi Q5 Hybrid 4dr 4WD 156 165
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years