Everyone knows that insurance companies don’t want customers comparing rates. Consumers who shop around for cheaper rates are very likely to move their business because of the high probability of getting low-cost coverage. A recent survey discovered that people who made a habit of comparing rates saved on average $70 a month as compared to drivers who didn’t regularly shop around.
If finding the lowest price on Audi A5 insurance is why you’re here, learning how to find and compare coverage rates can help make the process easier and more efficient.
The easiest way to find the cheapest price for Audi A5 insurance is to start doing an annual price comparison from different companies in Memphis. This can be done by following these guidelines.
- First, it will benefit you to learn about the coverage provided by your policy and the measures you can control to drop your rates. Many policy risk factors that result in higher prices such as speeding and a negative credit rating can be eliminated by being financially responsible and driving safely.
- Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like GEICO and State Farm, while independent agents can give you price quotes from multiple sources.
- Third, compare the new rate quotes to the price on your current policy to determine if you can save on A5 insurance in Memphis. If you find a lower rate quote, verify that coverage does not lapse between policies.
The most important part of shopping around is to try to compare the same coverage limits and deductibles on every quote request and and to get quotes from as many companies as feasibly possible. Doing this helps ensure an accurate price comparison and the best price selection.
Audi A5 insurance discounts in Memphis
Car insurance can be pricey, but there may be some discounts that could drop your premiums quite a bit. Many of these discounts will be applied automatically when you quote, but occasionally some discounts must be manually applied in order for you to get them.
- Club Memberships – Being in specific professional or occupational memberships or organizations is a simple method to lower premiums on your policy.
- Waiver for an Accident – Not necessarily a discount, but some insurance companies will let one accident slide before your rates go up as long as you don’t have any claims for a specific time period.
- Resident Student – Children who live away from home at college and don’t have a car can be insured at a reduced rate.
- Active Military Service – Being on active duty in the military could mean lower car insurance rates.
- Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education as it can save substantially.
- Payment Discounts – If you can afford to pay the entire bill instead of monthly or quarterly installments you may have a lower total premium amount.
You should keep in mind that many deductions do not apply to the entire cost. Most cut individual premiums such as comp or med pay. So when the math indicates you can get free auto insurance, it doesn’t quite work that way. But any discount will positively reduce your premiums.
The chart below illustrates the comparison of Audi A5 premium costs with and without discounts applied to the rates. The costs are based on a male driver, no claims or driving violations, Tennessee state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, homeowner, safe-driver, marriage, and multi-car discounts applied.
To choose insurers offering car insurance discounts in Memphis, click here to view.
How much is Audi A5 insurance in Memphis?
The are a couple different ways to compare prices from companies that offer insurance in Tennessee. The best method to comparison shop consists of shopping online.
When comparing insurance rates, know that making a lot of price comparisons will enable you to find the best rates. Not every company provides online Memphis A5 insurance quotes, so it’s recommended that you also compare price quotes from the smaller companies as well.
The car insurance companies shown below are ready to provide free rate quotes in Memphis, TN. If multiple companies are listed, we suggest you compare several of them to find the most affordable car insurance rates.
Detailed insurance information
The data table below showcases different coverage costs for Audi A5 models. Being aware of how car insurance prices are figured can help guide drivers when making smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A5 2.0T Quattro Premium 2-Dr Coupe | $346 | $748 | $332 | $20 | $100 | $1,546 | $129 |
| A5 2.0T Quattro Premium Plus 2-Dr Coupe | $346 | $748 | $332 | $20 | $100 | $1,546 | $129 |
| A5 3.2 Quattro Prestige 2-Dr Coupe | $346 | $848 | $332 | $20 | $100 | $1,646 | $137 |
| A5 3.2 Quattro Premium Plus 2-Dr Coupe | $346 | $848 | $332 | $20 | $100 | $1,646 | $137 |
| A5 2.0T Quattro Prestige 2-Dr Coupe | $346 | $848 | $332 | $20 | $100 | $1,646 | $137 |
| A5 2.0T Premium 2-Dr Convertible | $346 | $848 | $390 | $24 | $116 | $1,724 | $144 |
| A5 2.0T Premium Plus 2-Dr Convertible | $346 | $848 | $390 | $24 | $116 | $1,724 | $144 |
| A5 2.0T Quattro Prestige S-Line 2-Dr Coupe | $382 | $848 | $332 | $20 | $100 | $1,682 | $140 |
| A5 2.0T Prestige S-Line 2-Dr Convertible | $382 | $848 | $390 | $24 | $116 | $1,760 | $147 |
| A5 2.0T Prestige 2-Dr Convertible | $382 | $848 | $390 | $24 | $116 | $1,760 | $147 |
| A5 3.2 Quattro Prestige S-Line 2-Dr Coupe | $382 | $946 | $332 | $20 | $100 | $1,780 | $148 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Price information does not factor in the specific area where the vehicle is garaged which can impact premium rates significantly.
Rate difference between full and liability-only coverage
The chart below shows the difference between Audi A5 yearly insurance costs with full coverage and liability only. The rates are based on no claims or driving violations, $500 deductibles, drivers are single, and no discounts are applied.
When to drop full coverage
There is no exact formula for dropping physical damage coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Audi A5 book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $2,000 after paying the physical damage deductible. If it’s costing in excess of $200 a year to have full coverage, then it’s probably a good time to buy liability coverage only.
There are a few cases where eliminating full coverage is not financially feasible. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should maintain full coverage.
How to know if you need help
When it comes to coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is unique and your car insurance should unique, too.
For example, these questions might help in determining whether or not you may require specific advice.
- Should I carry comprehensive and collision coverage?
- What is medical payments coverage?
- Can I pay claims out-of-pocket if I buy high deductibles?
- Does my policy cover my teen driver if they drive my company car?
- Does my insurance cover my expensive audio equipment?
- Do I have coverage when making deliveries for my home business?
- How can I force my company to pay a claim?
- What is high-risk coverage and where do I buy it?
- Am I covered by my spouse’s policy after a separation?
- Is other people’s property covered if stolen from my vehicle?
If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.
Do I need an insurance agent?
Some people still like to go talk to an agent and there is nothing wrong with that. The best thing about comparing rates online is that drivers can save money and get cheap insurance quotes and still buy from a local agent.
Once you complete this simple form, your insurance data is submitted to participating agents in Memphis who can give free rate quotes for your business. It’s much easier because you don’t need to contact any agents since price quotes are sent immediately to you. You can find better rates and a licensed agent to work with. In the event you want to get a price quote from a specific company, you just need to navigate to their website and submit a quote form there.
Picking the best provider needs to be determined by more than just the price. The questions below may impact your decision as well.
- Can they give you a list of client referrals?
- Is there a local claims center in Memphis?
- Do you work with a CSR or direct with the agent?
- Do they have cheaper tiers of coverage?
- Can you contact them at any time?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Do they get extra compensation for selling add-on coverages?
Car insurance company ratings
Ending up with the right insurance company can be a challenge considering how many different companies insure vehicles in Memphis. The company rank data below could help you analyze which auto insurers you want to consider purchasing coverage from.
Top 10 Memphis Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Top 10 Memphis Car Insurance Companies Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- Erie Insurance
- Esurance
- The General
Cheap auto insurance premiums are out there
When shopping online for auto insurance, do not buy poor coverage just to save money. There are many occasions where an insured cut liability coverage limits only to regret that their decision to reduce coverage ended up costing them more. Your aim should be to buy the best coverage you can find at a price you can afford.
In this article, we presented a lot of techniques to save on Audi A5 insurance in Memphis. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. You may even find the best prices are with some of the smallest insurance companies. They may often insure only within specific states and give better rates compared to the large companies like State Farm and Allstate.
Even more information is located by following these links:
- Teen Driving Statistics (GEICO)
- Who Has the Cheapest Memphis Auto Insurance Quotes for a Toyota Camry? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Hyundai Santa Fe in Memphis? (FAQ)
- Tools for Teen Driving Safety (State Farm)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Auto Insurance Facts and Statistics (Insurance Information Institute)