Best Quotes for Audi A3 Insurance in Anchorage

Searching for lower-priced Audi A3 insurance in Anchorage? Are you a victim of an expensive insurance policy? Say no more because there are many people just like you.

Everyone knows that car insurance companies don’t want you comparing rates. Insureds who compare rates annually are highly likely to buy a different policy because they stand a good chance of finding coverage at a cheaper rate. A recent insurance study discovered that consumers who made a habit of comparing rates saved on average $865 a year compared to those who don’t regularly compare prices.

If finding the best rates on Audi A3 insurance is your ultimate target, then learning a little about the best ways to shop for insurance coverage can help simplify the process.

Big-name insurance companies like GEICO, Farmers Insurance and State Farm constantly blast consumers with catchy ads and it is challenging if not impossible to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

Audi A3 insurance coverage information

The price information below outlines a range of prices for Audi A3 models. Having a good grasp of how insurance rates are determined can help drivers make smart choices when choosing a car insurance company.

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Estimates do not factor in your specific Anchorage location which can influence premium rates greatly.

Comparison of policy deductibles

A question often asked by Anchorage drivers is where should you set your physical damage deductibles. The rates below lay out how much more rates are when you buy lower versus higher insurance deductibles. The first pricing table uses a $100 comprehensive and collision deductible and the second price grid uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Estimates do not factor in specific garaging location which can affect coverage rates considerably.

Based on the above data, using a $100 deductible costs roughly $31 more each month or $372 each year than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 29 months between claims, you would save money if you decide on a higher deductible.

Full coverage or liability only

The example below visualizes the comparison of Audi A3 premium costs with full coverage and liability only. The rates are based on no claims, a clean driving record, $500 deductibles, drivers are single, and no discounts are applied.

Should you be buying full coverage?

There is no exact formula for eliminating comp and collision coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Audi A3 replacement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $3,000 after the policy deductible has been paid. If premium cost is more than $300 a year for your policy with full coverage, then it could be time to drop full coverage.

There are some circumstances where only buying liability is not advised. If you still owe a portion of the original loan, you have to carry full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should keep full coverage.

Informed Drivers Can Cut Their Insurance Prices

A large part of saving on car insurance is knowing some of the elements that go into determining your policy premiums. If you know what determines premiums, this enables informed choices that can earn you cheaper rates.

The following are some of the items utilized by car insurance companies to help set prices.

• Drive a fast car, truck or SUV and pay more – The performance of the vehicle you need to insure makes a significant difference in determining your rates. The cheapest insurance rates are usually found on economy passenger cars, but that’s not the only thing that factors into the final price.

  The following chart assumes a married male driver age 40, full coverage with $100 deductibles, and no discounts or violations. The chart compares Audi A3 car insurance rates compared to other makes and models that have different performance rating factors.

• Bad drivers pay high costs – Good drivers have lower premiums than their less careful counterparts. Just one citation may increase your cost to the point where it’s not affordable. Drivers who have received license-revoking violations like hit and run, DWI or reckless driving convictions may face state-mandated requirements to submit a SR-22 form to the state department of motor vehicles in order to continue driving.

  The information below highlights how speeding tickets and fender-benders can influence Audi A3 car insurance rates for each different age group. The information is based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are factored in.

• Don’t skimp on liability coverage – Liability insurance will provide protection in the event that you are found to be at fault for an accident. Liability provides legal defense to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.

• Gender impacts costs – The statistics show women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. Women and men get in at-fault accidents in similar numbers, but the male of the species have accidents that have higher claims. Not only are claims higher, but men get cited for more serious violations like DWI (DUI) or reckless driving. Young men ages 16 to 20 have the highest risk to insure and therefore are the most expensive to insure.

  The illustration below visualizes the comparison of Audi A3 auto insurance costs for male and female drivers. The information is based on no tickets, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, marital status is single, and no discounts are taken into consideration.

• Keep policy claims to a minimum – If you file a lot of claims you can expect either higher rates or even cancellation. Auto insurance companies in Alaska award better rates to people who are claim-free. Auto insurance is intended for claims that pose a financial burden.
• Additional coverages that may be costing you – Insurance companies have many add-on coverages that you can get tricked into buying when buying car insurance. Coverage for things like coverage for rental cars, towing, and membership fees may be wasting your money. The coverages may be enticing when talking to your agent, but if they’re wasting money get rid of them and save.
• Cheaper rates by bundling – Most larger car insurance companies afford discounts to clients who consolidate policies with them such as combining an auto and homeowners policy. Even with this discount, it’s always a smart idea to get quotes from other companies to help ensure you have the lowest rates.There is a good possibility that you can save more without the discount by insuring with multiple companies.

• Insurance loss probability for an Audi A3 – Insurance companies analyze the history of losses when they set coverage costs for each model. Vehicles that are shown to have increased claim numbers or amounts will cost more for specific coverages.

  The next table shows the historical loss data for Audi A3 vehicles. For each coverage type, the loss probability for all vehicles, regardless of make, model or trim level, equals 100. Numbers under 100 suggest a better than average loss history, while values over 100 indicate frequent claims or tendency to have higher losses.

  
  

  Audi A3 Insurance Claim Statistics

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Audi A3 4dr 2WD	152	90	109	85
  Audi A3 4dr 4WD	147	73	111	80

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

More effort can pay off

As you quote Anchorage car insurance, never buy less coverage just to save a little money. There have been many situations where someone dropped physical damage coverage to discover at claim time they didn’t purchase enough coverage. Your focus should be to get the best coverage possible at an affordable rate while still protecting your assets.

Some car insurance companies do not provide the ability to get quotes online and usually these small, regional companies only sell through independent insurance agencies. Affordable Audi A3 insurance in Anchorage can be sourced both online and also from your neighborhood Anchorage agents, and you should be comparing both to get a complete price analysis.

Steps to finding affordable quotes for Audi A3 insurance in Anchorage

If saving money is your primary concern, then the best way to get more affordable auto insurance rates is to start comparing prices regularly from companies that sell auto insurance in Anchorage. Drivers can shop around by following these guidelines.

• Step 1: Get an understanding of how companies price auto insurance and the things you can change to prevent expensive coverage. Many policy risk factors that are responsible for high rates such as high-risk driving behaviors and a less-than-favorable credit rating can be controlled by making minor changes to your lifestyle.
• Step 2: Request price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from one company like GEICO and Allstate, while independent agents can provide price quotes from multiple sources.
• Step 3: Compare the new rate quotes to your current policy to see if you can save by switching companies. If you find a lower rate quote, make sure coverage does not lapse between policies.

A valuable tip to remember is to use identical coverages on each quote request and to quote with every company you can. This ensures an accurate price comparison and the most accurate and complete price analysis.

More information is available below:

• Think You’re a Safe Driver? (State Farm)
• How Much is Anchorage Auto Insurance for a Hyundai Elantra? (FAQ)
• Determining Auto Insurance Rates (GEICO)
• How Much Auto Coverage do I Need? (Insurance Information Institute)
• Event Data Recorders FAQ (iihs.org)
• Vehicle Insurance in the U.S. (Wikipedia)