Compare Audi Q5 Insurance Quotes in Aurora

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

It's hard to fathom, but over 70% of drivers have bought auto insurance from the same company for at least four years, and 38% of drivers have never compared rates from other carriers. Many drivers in Aurora can cut their rates by $600 a year by just shopping around, but they don't want to take the time to shop around.

Insurance for Audi Q5If saving money is your primary concern, then the best way to find affordable car insurance rates is to compare prices regularly from providers who provide car insurance in Aurora.

First, take a little time to learn about how companies set rates and the factors you can control to prevent expensive coverage. Many things that result in higher rates like multiple speeding tickets and a low credit rating can be rectified by making lifestyle changes or driving safer. Continue reading for more information to help prevent costly coverage and find discounts that you may qualify for.

Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or State Farm, while independent agencies can quote rates for a wide range of insurance providers.

Third, compare the new quotes to your current policy and determine if cheaper Q5 coverage is available in Aurora. If you find better rates and decide to switch, verify that coverage does not lapse between policies.

Fourth, give notification to your agent or company of your intention to cancel your existing policy. Submit a completed policy application and payment to your new agent or company. As soon as you can, put the new certificate of insurance along with the vehicle's registration papers.

The most important part of shopping around is to try to compare the same physical damage deductibles and liability limits on each price quote and and to get price quotes from every company you can. This enables an accurate price comparison and a complete selection of prices.

Audi Q5 detailed coverage information

The rate table shown below highlights estimates of rate quotes for Audi Q5 models. Learning a little about how car insurance prices are figured can be useful when making decisions on which insurance to purchase.

Audi Q5 Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Q5 3.2 Premium AWD $216 $390 $460 $28 $138 $1,232 $103
Q5 3.2 Premium Plus AWD $240 $390 $460 $28 $138 $1,256 $105
Q5 3.2 Premium Plus S-Line AWD $240 $390 $460 $28 $138 $1,256 $105
Q5 3.2 Prestige AWD $240 $442 $460 $28 $138 $1,308 $109
Q5 3.2 Prestige S-Line AWD $240 $442 $460 $28 $138 $1,308 $109
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Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Prices do not factor in Aurora location which can decrease or increase insurance rates substantially.

Raise deductibles and save

One frequently asked question is where to set your physical damage deductibles. The figures shown below help summarize how much more you'll pay when you buy lower versus higher insurance deductibles. The first rate table uses a $100 physical damage deductible and the second pricing table uses a $500 deductible.

Audi Q5 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Q5 3.2 Premium AWD $342 $740 $352 $20 $106 $1,585 $132
Q5 3.2 Premium Plus AWD $380 $740 $352 $20 $106 $1,623 $135
Q5 3.2 Premium Plus S-Line AWD $380 $740 $352 $20 $106 $1,623 $135
Q5 3.2 Prestige AWD $380 $838 $352 $20 $106 $1,721 $143
Q5 3.2 Prestige S-Line AWD $380 $838 $352 $20 $106 $1,721 $143
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Audi Q5 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Q5 3.2 Premium AWD $250 $500 $352 $20 $106 $1,228 $102
Q5 3.2 Premium Plus AWD $278 $500 $352 $20 $106 $1,256 $105
Q5 3.2 Premium Plus S-Line AWD $278 $500 $352 $20 $106 $1,256 $105
Q5 3.2 Prestige AWD $278 $566 $352 $20 $106 $1,322 $110
Q5 3.2 Prestige S-Line AWD $278 $566 $352 $20 $106 $1,322 $110
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Premium amounts do not factor in vehicle garaging location which can decrease or increase auto insurance rates substantially.

We can estimate from the data above that using a $100 deductible costs approximately $32 more each month or $384 annually across all Audi Q5 models than quoting the higher $500 deductible. Because you would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to go more than 13 months between claims, you would save more money if you opt for a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $100 deductibles: $138
Average monthly premium for $500 deductibles (subtract): - $106
Monthly savings from raising deductible: $32
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One important caveat is that increasing deductibles to lower your rates results in a higher out-of-pocket expense when you file a claim. You must have enough savings in order to pay more for the deductible.

Get Audi Q5 Insurance More Affordably

Lots of factors are used in the calculation when you get your auto insurance bill. Some are pretty understandable such as your driving history, although some other factors are more obscure like your vehicle usage or how safe your car is.

The itemized list below are some of the items companies use to determine your prices.

Compare rates if you bundle your policies - Most insurance companies will award lower prices to customers who consolidate policies with them such as combining an auto and homeowners policy. Even if you qualify for this discount already, it's in your best interest to comparison shop to guarantee you are still saving the most. It's possible to still save even more than the discount by buying from different companies

Gaps in coverage mean higher prices - Driving without insurance coverage in place is against the law and any future policy may cost more because you let your coverage cancel without a new policy in place. Not only will rates go up, getting caught without coverage may result in a fine, jail time, or a revoked license. You may then be required to provide proof of insurance in the form of an SR-22 filing with the Colorado motor vehicle department.

Credit rating impacts rates - An insured's credit history can be a huge factor in your rate calculation. People with very good credit scores tend to be better drivers and file fewer claims as compared to drivers with lower ratings. So if your credit history is not that good, you may save money insuring your Audi Q5 if you clean up your credit.

Premiums drop with age - Inexperience drivers tend to get distracted easily when at the wheel of a vehicle so car insurance rates are higher. More experienced drivers have been proven to be more responsible, cost insurance companies less in claims, and are generally more financially stable.

The chart below is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

Insurance loss data for an Audi Q5 - Insurers analyze claim trends for every vehicle when setting premium rates. Models that tend to have higher loss trends will have higher premium rates.

The table below shows the historical loss data for Audi Q5 vehicles. For each type of coverage, the claim probability for all vehicles averaged together is represented as 100. Numbers under 100 mean the vehicle has better than average losses, while numbers that are greater than 100 point to more losses or statistically larger losses.

Insurance Loss Ratings for Audi Q5 Vehicles
Specific Audi 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
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Best auto insurance in Colorado

Insuring your vehicle with the best insurance company can be difficult considering how many different insurance companies sell coverage in Aurora. The ranking data listed below could help you choose which auto insurance companies to look at comparing price quotes from.

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

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

Top 10 Aurora Car Insurance Companies Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. Liberty Mutual
  6. GEICO
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. The General

The best insurance company isn't always the cheapest

As you quote Aurora auto insurance, it's a bad idea to sacrifice coverage to reduce premiums. In many cases, consumers will sacrifice liability limits or collision coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage for the lowest price while still protecting your assets.

Lower-priced Audi Q5 insurance in Aurora can be found on the web and also from your neighborhood Aurora agents, and you should be comparing both to have the best rate selection. A few companies may not have rates over the internet and most of the time these regional insurance providers work with local independent agents.

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