Audi Q5 Insurance Rates in Tampa

Want to learn how to find lower-priced Audi Q5 insurance in Tampa? Being forced to pay for expensive insurance premiums can take a big chunk out of your personal savings and make it impossible to make ends meet. Shopping your coverage around is an excellent way to slash your bill and have more diposable income.

It’s easy to assume that car insurance companies don’t want you to look for a cheaper policy. Insureds who do rate comparisons will, in all likelihood, buy a new policy because they stand a good chance of finding a lower rate. A recent insurance study revealed that consumers who shopped around saved approximately $72 a month as compared to drivers who never compared prices.

If finding budget-friendly rates on Audi Q5 insurance in Tampa is the reason you’re here, then learning about the best ways to find and compare cheaper coverage can save time and money.

Insurance companies such as State Farm, GEICO and Farmers Insurance persitently shower you with ad campaigns and it is challenging if not impossible to ignore the propaganda and take the time to shop coverage around.

Rates and detailed analysis

The information shown next highlights detailed analysis of coverage costs for Audi Q5 models. Learning how rate quotes are calculated can be valuable when making informed purchases.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Price information does not factor in zip code location which can increase or decrease premium rates substantially.

Analysis of deductible levels

One of the most common car insurance questions is at what level do you set your deductibles. The comparisons below help summarize the differences in premium rates between high and low coverage deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Price estimates do not factor in garaging location in Tampa which can alter price quotes considerably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs an average of $54 more each month or $648 for a full year across all Audi Q5 models than opting for the higher $1,000 deductible. Since you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you average more than 17 months between claim filings, you would probably come out ahead going with the higher deductible.

The information below shows how different deductible levels and can impact Audi Q5 insurance prices for different ages of insureds. The premium estimates are based on a single female driver, full physical damage coverage, and no policy discounts are applied.

Should you buy full coverage?

The diagram below compares Audi Q5 annual premium costs with full physical damage coverage and with liability coverage only. The data assumes no claims or driving violations, $100 deductibles, drivers are single, and no policy discounts are applied.

Guidelines for dropping full coverage

There is no written rule that is best for determining when to drop comp and collision coverage, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s assume your Audi Q5 claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $3,000 after the deductible is paid. If you are paying in excess of $300 annually for physical damage coverage, then it might be time to consider dropping full coverage.

There are some circumstances where buying only liability insurance is not financially feasible. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Informed Drivers Save on Insurance

When buying auto insurance it’s important to understand some of the factors that play a part in calculating the level of your policy premiums. If you have a feel for what determines premiums, this enables informed choices that may result in lower rates.

• Liability protection is critical – The liability section of your policy will afford coverage in the event that a court rules you are at fault for damages from an accident. This coverage provides legal defense coverage which can be incredibly expensive. It is affordable coverage compared to physical damage coverage, so do not skimp.

• Women tend to cost less – Over the last 50 years, statistics have shown women are more cautious behind the wheel. It does not mean females are better at driving than males. Females and males cause fender benders at about the same rate, but the males get into accidents with more damage. In addition to higher claims, males also get cited for more serious violations like DUI and reckless driving. Males from age 16 to 21 tend to get in the most accidents so it costs more to insure them.

  The chart below illustrates the difference between Audi Q5 yearly insurance costs for male and female drivers. The data assumes no claims, a clean driving record, full coverage, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

• Do you know you’re credit history? – Having a bad credit history is likely to be a major factor in calculating your auto insurance rates. So if your credit score can use some improvement, you could be paying less to insure your Audi Q5 by improving your rating. Insureds that have good credit tend to be more responsible than drivers who have bad credit.
• Discounts for GPS tracking and theft deterrents – Buying a car with a theft deterrent system can earn a premium discount. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent car theft.
• Save money by eliminating extra coverages – There are quite a few add-on coverages that can waste your money on your auto insurance policy. Insurance for things like rental car reimbursement, accident forgiveness, and motor club memberships could be just wasting money. You may think they are a good idea when you first buy your policy, but if you’ve never needed them in the past consider taking them off your policy.
• Never let your auto insurance policy lapse – Going without insurance is a guaranteed way to trigger a rate increase. Not only will you pay more, failure to provide proof of insurance could earn you a license revocation or jail time. Then you may be required to prove you have insurance by filing a SR-22 with the Florida motor vehicle department to get your license reinstated.

• Audi Q5 claim statistics – Auto insurance companies analyze past claim statistics to calculate a rate that offsets possible losses. Vehicles that the data determines to have higher loss trends will have a higher premium rate. The next table shows the insurance loss data for Audi Q5 vehicles.

  For each type of coverage, the loss probability for all vehicles, regardless of manufacturer or model, is a value of 100. Numbers that are below 100 suggest a better than average loss history, while values over 100 indicate higher probability of having a loss or larger claims.

  
  

  Audi Q5 Insurance Loss 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 from IIHS.org for 2013-2015 Model Years

Be persistent to save money

We’ve covered a lot of information how to lower your Audi Q5 insurance rates in Tampa. It’s most important to understand that the more quotes you get, the better likelihood of getting inexpensive Tampa car insurance quotes. Consumers may even find the lowest rates are with a company that doesn’t do a lot of advertising. Some small companies may often insure only within specific states and give better rates than the large multi-state companies such as Progressive and GEICO.

Some insurance providers may not have the ability to get quotes online and these smaller companies provide coverage only through local independent agents. Budget-conscious Audi Q5 insurance is attainable from both online companies in addition to local insurance agencies, so you should compare both to have the best selection.

When searching for the cheapest Audi Q5 rate quotes, make sure you don’t buy less coverage just to save a little money. There are many occasions where someone dropped full coverage and discovered at claim time that it was a big error on their part. Your objective should be to buy enough coverage for the lowest cost, not the least amount of coverage.

How to buy lower priced Audi Q5 insurance in Tampa

The preferred way to find low-cost Audi Q5 insurance in Tampa is to do a yearly price comparison from companies who provide auto insurance in Florida. Prices can be compared by following these steps.

Step 1: Try to understand how your policy works and the steps you can take to prevent expensive coverage. Many rating criteria that result in higher prices such as at-fault accidents, speeding tickets, and an imperfect credit rating can be amended by making small lifestyle or driving habit changes.

Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO or State Farm, while independent agencies can quote rates for many different companies.

Step 3: Compare the quotes to the premium of your current policy to determine if switching companies saves money. If you find a lower rate quote and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.

One thing to point out is to use identical limits and deductibles on each quote request and and to compare as many different companies as possible. Doing this ensures a fair price comparison and the best price selection.

Additional detailed information can be read in the articles below:

• Five Tips to Save on Auto Insurance (Insurance Information Institute)
• Who Has Affordable Auto Insurance for a Chevrolet Equinox in Tampa? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for a Chevrolet Silverado in Tampa? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Honda CR-V in Tampa? (FAQ)
• A Tree Fell on Your Car: Now What? (Allstate)
• Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
• Teen Driving Statistics (iihs.org)
• Five Mistakes to Avoid (Insurance Information Institute)