Save Money on Audi S4 Insurance in Aurora

It’s shocking but almost 70% of insureds in Colorado kept buying from the same company for more than four years, and nearly the majority have never even compared quotes to find lower-cost rates. American consumers could save nearly 46.5% a year just by shopping around, but most just don’t grasp the benefits if they switched to a cheaper policy.

Insurance rates Audi S4 in AuroraIf saving money is your primary concern, then the best way to find affordable auto insurance rates in Aurora is to regularly compare prices from different companies who sell insurance in Colorado. Rates can be compared by following these steps.

An important note is to try to compare identical coverages on every quote request and to quote with as many companies as possible. This helps ensure an apples-to-apples comparison and a better comparison of the market.

Locating the best rates in Aurora is not that difficult. Practically every person who shops for insurance will find a lower-cost policy. But Colorado vehicle owners do need to learn how big insurance companies market insurance on the web and apply this information to your search.

Audi S4 insurance coverage information

The coverage table shown below showcases different rate quotes for Audi S4 models. Being aware of how rates are calculated can help guide drivers when making decisions when shopping your coverage around.

Audi S4 Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S4 Quattro 4-Dr Sedan $326 $862 $338 $20 $102 $1,648 $137
S4 Quattro 4-Dr Sedan $326 $862 $338 $20 $102 $1,648 $137
S4 Quattro 4-Dr Sedan $360 $862 $338 $20 $102 $1,682 $140
S4 Quattro 4-Dr Sedan $360 $862 $338 $20 $102 $1,682 $140
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium costs do not factor in zip code location which can influence coverage prices noticeably.

Deductible comparison

When comparing insurance rates, the most common question is the level to set your comp and collision deductibles. The following tables summarize the difference in cost of buying low and high deductibles. The first data set uses a $100 deductible and the second pricing table uses a $1,000 deductible.

Audi S4 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S4 Quattro 4-Dr Sedan $380 $838 $298 $18 $90 $1,649 $137
S4 Quattro 4-Dr Sedan $380 $838 $298 $18 $90 $1,649 $137
S4 Quattro 4-Dr Sedan $420 $838 $298 $18 $90 $1,689 $141
S4 Quattro 4-Dr Sedan $420 $838 $298 $18 $90 $1,689 $141
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Audi S4 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S4 Quattro 4-Dr Sedan $210 $442 $298 $18 $90 $1,058 $88
S4 Quattro 4-Dr Sedan $210 $442 $298 $18 $90 $1,058 $88
S4 Quattro 4-Dr Sedan $232 $442 $298 $18 $90 $1,080 $90
S4 Quattro 4-Dr Sedan $232 $442 $298 $18 $90 $1,080 $90
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Table data does not factor in specific zip code location which can raise or lower coverage rates greatly.

We can derive from the above data that using a $100 deductible costs about $50 more each month or $600 for a full year than selecting the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 18 months between claims, you would probably come out ahead if you decide on a higher deductible.

Calculation for raising deductibles

Average monthly premium for $100 deductibles: $139
Average monthly premium for $1,000 deductibles (subtract): – $89
Monthly savings from raising deductible: $50
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $50
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

Audi S4 liability rates compared to full coverage

The chart below illustrates the difference between Audi S4 car insurance rates with liability coverage only compared to full coverage. The premiums are based on no claims, a clean driving record, $100 deductibles, marital status is single, and no additional discounts are factored in.

When to drop comprehensive and collision coverage

There is no written rule to eliminate comp and collision coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Audi S4 settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $6,000 after you pay the deductible. If premiums are more than $600 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are some conditions where buying only liability insurance is not recommended. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Good Decisions Result in Lower Insurance Premiums

Lots of factors are considered when you get a price on insurance. A few of the factors are predictable such as your driving history, but other criteria are less apparent like where you live or how safe your car is. It’s important that you understand a few of the rating criteria that play a part in calculating car insurance rates. If you have a feel for what influences your rates, this allows you to make educated decisions that may result in big savings.

The following are most of the major factors car insurance companies consider when setting rates.

Save money with GPS tracking and theft deterrents – Selecting a car model with an alarm system can save you some money. Theft deterrent systems like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your car from being stolen.

Liability insurance is important – Liability coverage will afford coverage if ever a jury decides you are liable for physical damage or personal injury to other. Liability provides legal defense which can cost a lot. This coverage is very inexpensive compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.

Lower stress equals lower prices – Occupational choices like fire fighters, airline pilots, and financial analysts generally have higher rates than average in part from high stress and long work days. On the other hand, jobs like farmers, students and performers get better rates.

Safer cars lower car insurance rates – Vehicles that have high safety ratings tend to have lower insurance rates. Vehicles built for safety have better occupant injury protection and fewer injuries means less claims paid which can result in lower premiums.

Married drivers get cheaper premiums – Having a significant other actually saves money compared to being single. Having a spouse may mean you are more responsible and statistics show being married results in fewer claims.

Lower rates by increasing physical damage deductibles – Protection for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your Audi. Some examples of claims that would be covered are a dented fender, flood damage, and rolling your vehicle. Physical damage deductibles tell how much you are required to spend before your car insurance pays a claim. The more expense you’re willing to pay, the better rate you will receive.

Insurance is expensive for youthful drivers – Older drivers tend to be more responsible, statistically cause fewer accidents, and usually have better credit. Drivers with little experience tend to get distracted easily when driving with friends and because of this, their car insurance rates are much higher.

The chart below is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

Audi S4 insurance loss probability – Insurance companies analyze claim trends for every vehicle when determining insurance costs. Models that historically have higher claim frequency or loss amount will have a higher cost to insure. The table below shows the insurance loss data used by companies for Audi S4 vehicles.

For each coverage category, the claim amount for all vehicles, as a total average, is considered to be 100. Values that are below 100 mean the vehicle has better than average losses, while values over 100 point to more losses or a tendency for claims to be larger.

Audi S4 Insurance Claim Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Audi S4 4dr 4WD 206 78 182 51 57 75

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

Which car insurance company is best in Colorado?

Ending up with the highest-rated auto insurance company is hard considering how many choices you have in Aurora. The company ratings displayed below may help you decide which auto insurers you want to consider purchasing coverage from.

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

Shop smart and save

Some insurance companies may not have the ability to get a quote online and many times these small insurance companies prefer to sell through independent insurance agents. Budget-friendly insurance in Aurora can be sourced both online and with local Aurora insurance agents, and you should compare rates from both so you have a total pricing picture.

As you quote Aurora car insurance, it’s not a good idea to skimp on critical coverages to save a buck or two. There are a lot of situations where someone sacrificed comprehensive coverage or liability limits and found out when filing a claim that they should have had better coverage. Your strategy should be to purchase a proper amount of coverage for the lowest cost and still be able to protect your assets.

People who switch companies do it for a number of reasons such as denial of a claim, delays in responding to claim requests, an unsatisfactory settlement offer or extreme rates for teen drivers. No matter why you want to switch, switching insurance companies can be pretty painless.

Additional insurance information can be read at the links below