No normal person gets a kick out of paying for auto insurance, particularly when they are paying too much.
It’s hard to believe, but a large majority of auto insurance policyholders have been with the same company for well over three years, and almost half have never taken the time to shop around. Consumers in Texas could pocket almost $1,800 a year, but they just don’t want to compare rates. Big companies like GEICO, Farmers Insurance and State Farm continually bombard you with ads and consumers find it hard to separate fact from fiction and do the work needed to find the best deal.
You should make it a habit to get comparison quotes yearly because prices are adjusted regularly by insurance companies. Just because you found the best deal on Audi A3 insurance in Lubbock two years ago you may be paying too much now. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to the easiest way to eliminate unnecessary coverages and save money on Audi A3 insurance in Lubbock.
If you have coverage now or just want a better rate, use these cost-cutting techniques to lower your rates while maintaining coverages. Choosing the best rates in Lubbock can initially seem challenging. Smart shoppers just have to understand the proper methods to compare rate quotes online.
Data for Audi A3 insurance
The premium table below outlines detailed analysis of insurance costs for Audi A3 models. Having a better idea how policy rates are established can help you make informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|A3 2.0T Premium Package||$184||$392||$358||$22||$108||$1,064||$89|
|A3 2.0T Premium Plus Package||$184||$392||$358||$22||$108||$1,064||$89|
|A3 2.0T Quattro||$208||$392||$358||$22||$108||$1,088||$91|
|Get Your Own Custom Quote Go|
Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rate information does not factor in specific garaging location which can revise premiums significantly.
Annual premiums comparing men and women
The example below shows the comparison of Audi A3 car insurance costs for male and female drivers. Data assumes a clean driving record, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, single marital status, and no additional discounts are factored in.
Do you need full coverage?
The information below visualizes the comparison of Audi A3 auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The premium estimates are based on no claims or violations, $500 deductibles, drivers are single, and no discounts are factored in.
When to stop buying full coverage
There isn’t a steadfast formula that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s say your Audi A3 replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $8,000 after paying the physical damage deductible. If you are currently paying more than $800 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some cases where only buying liability is not advised. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage in place.
What car insurance coverages do you need?
Learning about specific coverages of your car insurance policy can be of help when determining which coverages you need and proper limits and deductibles. Car insurance terms can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages found on most car insurance policies.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as pain medications, prosthetic devices and ambulance fees. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage
Coverage for collisions
This will pay to fix damage to your A3 caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims like crashing into a building, hitting a parking meter and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible on your A3 to save money on collision insurance.
Liability auto insurance
This can cover damages or injuries you inflict on a person or their property by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 30/60/25 that means you have $30,000 bodily injury coverage, a total of $60,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.
Liability can pay for claims like bail bonds, loss of income and emergency aid. The amount of liability coverage you purchase is up to you, but you should buy as large an amount as possible. Texas state law requires minimum liability limits of 30/60/25 but it’s recommended drivers buy better liability coverage.
The next chart demonstrates why low liability limits may not be enough coverage.
This pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things such as damage from a tornado or hurricane, hitting a deer, a broken windshield, a tree branch falling on your vehicle and damage from flooding. The highest amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Uninsured/Underinsured Motorist (UM/UIM)
This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.
Since many Texas drivers have only the minimum liability required by law (30/60/25 in Texas), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually these coverages are set the same as your liability limits.
Cheap coverage is out there
You just read some good ideas how to get a better price on Audi A3 insurance in Lubbock. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding affordable Audi A3 insurance quotes. You may even discover the biggest savings come from a small local company. These companies can often provide lower rates in certain areas than the large multi-state companies such as Allstate and Progressive.
When shopping online for auto insurance, never buy less coverage just to save a little money. In many instances, someone dropped collision coverage only to find out that the small savings ended up costing them much more. Your objective should be to purchase plenty of coverage at an affordable rate while still protecting your assets.
Steps to buying affordable Audi A3 insurance in Lubbock
If you want to find the absolute lowest rates, then the best way to get cheaper car insurance rates is to compare quotes once a year from insurance carriers that insure vehicles in Lubbock.
First, read about what coverages are included in your policy and the things you can change to keep rates down. Many things that increase rates like tickets, at-fault accidents, and a less-than-favorable credit rating can be controlled by improving your driving habits or financial responsibility.
Second, quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO and State Farm, while agents who are independent can quote prices for a wide range of insurance providers.
Third, compare the new quotes to the premium of your current policy to see if a cheaper price is available. If you can save money and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide written notification to your current company to cancel the current policy. Submit the signed application along with the required initial payment to the new company. Immediately upon receiving it, keep the new certificate verifying coverage with the vehicle registration.
The most important part of this process is to try to compare identical deductibles and limits on every quote request and and to get price estimates from as many car insurance companies as possible. Doing this provides the most accurate price comparison and a complete price analysis.
Additional information is available below:
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Who Has the Cheapest Lubbock Auto Insurance Quotes for a Toyota RAV4? (FAQ)
- Who Has Cheap Car Insurance Rates for Business Use in Lubbock? (FAQ)
- Who Has Affordable Car Insurance Quotes for High Mileage Drivers in Lubbock? (FAQ)
- How Much is Car Insurance for Low Income Drivers in Lubbock? (FAQ)
- How Much is Lubbock Car Insurance for First-time Drivers? (FAQ)
- Car Insurance: When not to Skimp (BankRate.com)
- State Laws for Cellphones and Texting (iihs.org)
- Alcohol Impaired Driving FAQ (iihs.org)
- Vehicle Safety Ratings (iihs.org)