Cheapest Audi S4 Insurance in Durham

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Discount Audi S4 insuranceIf you want to save money, the best way to find better pricing on car insurance rates in Durham is to compare prices annually from companies who provide auto insurance in North Carolina. Price quotes can be compared by following these guidelines.

  1. Read and learn about the coverage provided by your policy and the factors you can control to prevent expensive coverage. Many policy risk factors that drive up the price such as speeding tickets, accidents and an unacceptable credit history can be controlled by making lifestyle changes or driving safer.
  2. Obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from one company like Progressive and State Farm, while independent agents can quote prices from multiple companies.
  3. Compare the price quotes to your current policy premium and determine if cheaper S4 coverage is available in Durham. If you find better rates and decide to switch, ensure there is no coverage lapse between policies.
  4. Provide notification to your current company of your intent to cancel your existing policy and submit a completed application and payment to your new agent or company. When you receive it, place your new proof of insurance certificate along with the vehicle's registration papers.

The key aspect of shopping around is that you use the same coverage limits and deductibles on every quote and and to get quotes from as many carriers as you can. This guarantees an accurate price comparison and a better comparison of the market.

Smart shoppers know that auto insurance companies want to keep you from shopping around. Insureds who shop around once a year will, in all likelihood, move their business because they stand a good chance of finding good coverage at a lower price. A study discovered that drivers who regularly compared rates saved an average of $70 a month compared to other drivers who never compared prices.

If finding the cheapest price for auto insurance in Durham is your ultimate target, then having an understanding of how to get price quotes and compare insurance rates can make it easier to shop your coverage around.

All major auto insurance companies such as State Farm and Allstate allow you to get coverage price quotes from their websites. Getting quotes for Audi S4 insurance in Durham doesn't take much effort as you simply enter your required coverages into the form. Once entered, their rating system obtains information on your driving record and credit history and provides a quote based on these factors.

Quoting online for Audi S4 insurance in Durham makes it a lot easier to compare rates and it is important to compare as many rates as possible in order to get the best rate possible.

To save time and compare rates using this form now, consider comparing rates from the companies shown below. If you have your current policy handy, we recommend that you enter coverages and limits exactly as shown on your declarations page. Doing this assures you will have rate comparison quotes for similar insurance coverage.

The auto insurance companies shown below have been selected to offer free rate quotes in North Carolina. To find the best auto insurance in North Carolina, it's highly recommended you click on several of them to find the most affordable auto insurance rates.

Facts and figures for Audi S4 insurance

The information shown next covers detailed analysis of insurance rates for Audi S4 models. Understanding how auto insurance policy rates are established helps drivers make smart choices when comparing insurance quotes.

Audi S4 Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S4 Quattro 4-Dr Sedan $170 $314 $278 $16 $84 $862 $72
S4 Quattro 4-Dr Sedan $170 $314 $278 $16 $84 $862 $72
S4 Quattro 4-Dr Sedan $188 $314 $278 $16 $84 $880 $73
S4 Quattro 4-Dr Sedan $188 $314 $278 $16 $84 $880 $73
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Estimates do not factor in specific garaging location which can alter premiums considerably.

Can higher deductibles save money?

When buying insurance, a common question is how high should your deductibles be. The rates shown below may help to conceptualize the rate fluctuation when you select higher and lower deductibles. The first rate estimation uses a $250 deductible and the second data table uses a $500 deductible.

Audi S4 insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S4 Quattro 4-Dr Sedan $242 $498 $212 $12 $64 $1,053 $88
S4 Quattro 4-Dr Sedan $242 $498 $212 $12 $64 $1,053 $88
S4 Quattro 4-Dr Sedan $266 $498 $212 $12 $64 $1,077 $90
S4 Quattro 4-Dr Sedan $266 $498 $212 $12 $64 $1,077 $90
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Audi S4 insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S4 Quattro 4-Dr Sedan $196 $402 $212 $12 $64 $886 $74
S4 Quattro 4-Dr Sedan $196 $402 $212 $12 $64 $886 $74
S4 Quattro 4-Dr Sedan $216 $402 $212 $12 $64 $906 $76
S4 Quattro 4-Dr Sedan $216 $402 $212 $12 $64 $906 $76
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Rate information does not factor in specific garaging location which can decrease or increase premiums noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs about $14 more each month or $168 each year averaged for all S4 models than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you go at a minimum 18 months between claims, you would save more money by going with a higher deductible. The illustration below shows a better example of how this decision is made.

Average monthly premium for $250 deductibles: $89
Average monthly premium for $500 deductibles (subtract): - $75
Monthly savings from raising deductible: $14
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

One important issue to know is that raising deductibles means you will have to pay more when you file a claim. You should have enough disposable income in the event you have to pay the deductible to have repairs made.

Safe drivers pay less for insurance

The illustration below shows how speeding tickets and fender-benders can influence Audi S4 car insurance costs for different categories of driver ages. The prices are based on a single female driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

How much more does full coverage cost?

The information below compares Audi S4 insurance rates with and without full coverage. The costs are based on no claims or violations, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

When to stop buying physical damage coverage

There is no definitive formula to stop buying comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let's assume your Audi S4 replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $2,000 after the policy deductible has been paid. If it's costing in excess of $200 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some circumstances where buying only liability insurance is not advised. If you haven't satisfied your loan, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should maintain full coverage.

Buying the right Audi vehicle insurance in North Carolina is an important decision

Even though Durham S4 insurance rates can get expensive, paying for auto insurance is not optional due to several reasons.

  • Just about all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability in order to be legal. In North Carolina 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.
  • If you bought your Audi S4 with a loan, almost every bank will stipulate that you carry insurance to ensure the loan is repaid in case of a total loss. If you default on your policy, the lender may insure your Audi at a significantly higher premium and make you pay for the expensive policy.
  • Auto insurance protects both your vehicle and your personal assets. It will also cover medical bills for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance will also pay for a defense attorney if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, your auto insurance policy will pay to repair the damage minus the deductible amount.

The benefits of having auto insurance greatly outweigh the cost, especially when you need to use it. In a recent study of 1,000 drivers, the average customer is currently overpaying as much as $810 a year so you should quote your policy with other companies every year to help ensure money is not being wasted.

Smart Consumers Know How to Buy Auto Insurance at a Discount

A large part of saving on auto insurance is knowing some of the factors that are used to determine the rates you pay for auto insurance. If you have some idea of what determines base rates, this helps enable you to make changes that may result in much lower annual insurance costs.

The following are a few of the "ingredients" used by companies to determine your rates.

The higher your credit score the lower your rates - Having a good credit rating can be a huge factor in determining your rates. Consumers who have excellent credit scores tend to be better risks to insure than those with bad credit. So if your credit score leaves room for improvement, you could potentially save money when insuring your Audi S4 by spending a little time repairing your credit.

You might want pay the minor policy claims yourself - Car insurance companies in North Carolina provide discounts to insureds who are claim-free. If you file claims often, you can look forward to either higher rates or even cancellation. Insurance coverage is intended to be relied upon for claims that you cannot pay yourself.

Never have coverage lapses - Driving without insurance coverage in place is not a good idea and as a result your rates will increase for letting your insurance coverage expire. And not only will insurance be more expensive, getting caught without coverage could earn you fines or a revoked license. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the North Carolina DMV.

Optional features that lower prices - Buying a car that has a built-in theft deterrent system can save you some money. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system help track and prevent auto theft.

Having a spouse pays dividends - Your spouse may earn you lower rates on auto insurance. Having a spouse demonstrates that you tend to be more mature and insurance companies like that being married results in fewer claims.

Employer stress can make you pay more - Do you have a high-stress occupation? Jobs like real estate brokers, police officers, and dentists tend to have higher premiums than the average policyholder due to stressful work requirements and long work days. Other occupations like actors, engineers and homemakers generally pay rates lower than average.

Performance influences premiums - The performance level of the car, truck or SUV you own makes a huge difference in your rates. Smaller low performance passenger vehicles usually are quite affordable to insure, but many other things help determine your insurance rates.

The data below is based on a single female driver age 40, full coverage with $250 deductibles, and no discounts or violations. The data compares Audi S4 car insurance rates compared to other models of vehicles that have a range of performance rating factors.

Your gender affects rates - Over the last 30 years, statistics show that men are more aggressive behind the wheel. That doesn't necessarily mean that women are BETTER drivers than men. Women and men tend to get into fender benders at a similar rate, but the males tend to have higher claims. In addition to higher claims, males also get more serious tickets such as reckless driving.

The chart below shows the comparison of Audi S4 car insurance costs for male and female drivers. The data is based on no violations or claims, full coverage, $500 deductibles, marital status is single, and no discounts are applied to the premium.

Insurance loss statistics an Audi S4 - Car insurance companies use statistical claims data to determine a price that will be profitable for them. Models that historically have higher claim frequency or loss amount will have increased rates.

The next table shows the actual insurance loss data for Audi S4 vehicles. For each coverage category, the loss probability for all vehicles, regardless of make or model, is represented as 100. Numbers below 100 mean the vehicle has better than average losses, while values over 100 indicate a higher chance of having a claim or tendency to have higher losses.

Insurance Loss Ratings for Audi S4 Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Audi S4 4dr 4WD 206 78 182 51 57 75
BETTER
AVERAGE
WORSE

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Do I need special coverages?

When it comes to buying proper insurance coverage, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs and your policy should reflect that.Drive safe and save For instance, these questions might point out if your situation might need an agent's assistance.

  • Are my friends covered when driving my car?
  • Am I better off with higher deductibles on my Audi S4?
  • Does my Audi S4 qualify for pleasure use?
  • Who is covered by my policy?
  • Which companies will insure high-risk drivers?
  • What is high-risk coverage and where do I buy it?
  • Can good grades get a discount?
  • Am I covered if I break a side mirror?
  • Do I have newly-acquired coverage?
  • What is PIP insurance?

If you can't answer these questions but you know they apply to you, then you may want to think about talking to an agent. If you don't have a local agent, fill out this quick form or click here for a list of auto insurance companies in your area.

Best car insurance company in North Carolina

Picking the right car insurance company can be challenging considering how many choices you have in North Carolina. The company ratings below can help you choose which car insurance companies to look at when shopping your coverage around.

Top 10 Durham Car Insurance Companies by A.M. Best Rank

  1. Travelers - A++
  2. USAA - A++
  3. GEICO - A++
  4. State Farm - A++
  5. Titan Insurance - A+
  6. Esurance - A+
  7. Progressive - A+
  8. Nationwide - A+
  9. The Hartford - A+
  10. Allstate - A+

Get the best coverage at the lowest price

We just showed you a lot of tips how to lower your Audi S4 insurance auto insurance rates in Durham. It's most important to understand that the more companies you get premium rates for, the better your chances of lowering your premium rates. You may even be surprised to find that the lowest priced car insurance comes from a small local company. Some small companies may cover specific market segments cheaper compared to the large companies like State Farm and Allstate.

As you shop your coverage around, it's very important that you do not skimp on coverage in order to save money. There have been many situations where an accident victim reduced collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your objective should be to buy a smart amount of coverage for the lowest price while still protecting your assets.

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