How to Save on Baltimore Audi A3 Insurance

I can’t think of anyone who rejoices having to buy car insurance, in particular when they are paying too much.

A recent study showed that the vast majority of car insurance customers in Maryland have purchased from the same company for at least the last four years, and 38% of customers have never shopped around. Many drivers in America could save about $850 a year just by comparing rates, but they just don’t understand how easy it is to find cheap car insurance rates.

Steps to finding affordable Audi A3 insurance in Baltimore

The best way we recommend to get low-cost car insurance rates in Baltimore is to compare quotes once a year from providers that sell auto insurance in Maryland. This can be done by following these steps.

• First, gain an understanding of how auto insurance works and the things you can change to keep rates in check. Many things that increase rates like careless driving and poor credit history can be improved by being financially responsible and driving safely.
• Second, request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like Progressive or Farmers Insurance, while independent agencies can provide price quotes from many different companies.
• Third, compare the quotes to your existing coverage to determine if you can save on A3 insurance in Baltimore. If you find a lower rate quote and make a switch, ensure coverage does not lapse between policies.

The most important part of this process is to compare identical limits and deductibles on each price quote and and to get rate quotes from as many carriers as you can. Doing this guarantees a fair rate comparison and a better comparison of the market.

Many auto insurance companies compete for your hard-earned dollar, so it’s not easy to compare every insurance company to discover the definitive lowest rate possible on Audi A3 insurance in Baltimore.

You need to compare rates before your next renewal because car insurance prices change quite often. Just because you found the best rate on Audi A3 insurance in Baltimore a few years ago there is a good chance you can find better premium rates now. Forget anything you know (or think you know) about car insurance because you’re going to learn the things you must know in order to remove unneeded coverages and save money.

If you have insurance now, you will be able to cut your premiums using the ideas covered in this article. Locating the most cost-effective insurance policy in Baltimore can really be easy if you know what you’re doing. Nevertheless, Maryland drivers do need to understand how the larger insurance companies determine prices because rates fluctuate considerably.

Compare Audi A3 insurance rates

When comparison shopping, quoting more will enable you to find the best rates.

The companies shown below can provide free quotes in Baltimore, MD. To get cheaper auto insurance in Maryland, it’s a good idea that you compare several of them to get the cheapest price.

Rates and statistics

The coverage information shown below covers estimates of insurance premium costs for Audi A3 models. Having knowledge of how auto insurance policy rates are figured is important to be able to make decisions when choosing a new policy provider.

Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Premium amounts do not factor in specific zip code location which can impact coverage prices substantially.

An analysis of deductible level

The hardest decision when buying coverage is how high or low should comp and collision deductibles be. The rates below highlight the costs and benefits when you choose different coverage deductibles. The first price estimate table uses a $250 deductible for physical damage and the second price table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price estimates do not factor in Baltimore location which can revise coverage prices noticeably.

We can derive from the above data that using a $250 deductible costs an average of $31 more each month or $372 for a full year across all Audi A3 models than quoting the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 24 months between claims, you would probably come out ahead going with the higher deductible.

The example below illustrates how your choice of deductibles and can affect Audi A3 insurance rates for different age groups. The premium estimates are based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.

Rate difference between full and liability-only coverage

The chart below compares Audi A3 annual premium costs with full coverage compared to only the Maryland minimum liability coverage. The rate quotes are based on no claims or violations, $500 deductibles, marital status is single, and no discounts are factored in.

Guidelines for dropping full coverage

There is no exact rule of when to drop comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let’s assume your Audi A3 book value is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $4,000 after the deductible is paid. If premium cost is more than $400 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some circumstances where dropping physical damage coverage is not advised. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Why Smart Consumers Pay Less for Audi A3 Insurance

An important part of buying insurance is that you know the different types of things that go into determining your insurance rates. If you have some idea of what determines base rates, this enables you to make decisions that may reward you with lower premium levels.

The items below are a few of the things used by insurance companies to determine your rates.

• Cheaper premiums for prior coverage – Having a gap between insurance policy dates will be a quick way to trigger a rate increase. Not only will you pay higher rates, not being able to provide proof of insurance could earn you a license revocation or jail time.
• Liability is cheap – The liability section of your policy will provide protection when a jury decides you are liable for an accident. It will provide legal defense to attempt to prove you were not liable. Liability insurance is quite affordable compared to insuring for physical damage coverage, so buy as much as you can afford.
• Don’t buy add-on coverages you don’t need – Insurance policies have a lot of optional add-on coverages that can add up but may not be useful. Coverages like rental car coverage, better glass coverage, and membership fees may not be needed and are just wasting money. These coverages may sound good initially, but if you don’t need them eliminate the coverages to reduce your premium.

• Gals tend to take less risk – The statistics show that men are more aggressive behind the wheel. It does not mean females are better drivers. Both sexes have fender benders at a similar rate, but the men tend to have more serious accidents. In addition to higher claims, males also receive more costly citations such as driving while intoxicated (DWI) or driving recklessly.

  The information below shows the comparison of Audi A3 insurance costs for male and female drivers. The costs are based on no driving violations, no at-fault accidents, full physical damage coverage, $500 deductibles, marital status is single, and no discounts are factored in.

• Your stress level may be raising your prices – Did you know your insurance rates can be affected by your occupation? Jobs like military personnel, executives, and emergency personnel generally have higher rates than the rest of us in part from intense work situations and extremely grueling work hours. On the flip side, careers such as professors, engineers and the unemployed receive lower rates.
• Where do you drive? – The more you drive annually the more it will cost to insure it. The majority of insurers charge to insure your cars partially by how you use the vehicle. Cars not used for work or commuting receive lower rates than vehicles that have high annual mileage. Improper usage on your A3 is throwing money out the window. Make sure your insurance policy reflects the correct usage, because it can save money.

• Audi A3 insurance loss statistics – Insurers analyze claim trends for every vehicle when they set coverage costs for each model. Vehicles that statistically have a trend towards higher claims will cost more for coverage.

  The table below shows the insurance loss data for Audi A3 vehicles. For each policy coverage type, the loss probability for all vehicles, as an average, is a value of 100. Percentages below 100 imply a favorable loss record, while values that are above 100 indicate more frequent claims or statistically larger claims.

  
  

  Audi A3 Insurance Claim Statistics

  Specific Audi 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

Three main reasons to buy insurance

Despite the high insurance cost for a Audi A3 in Baltimore, insurance may be required for several reasons.

• Most states have minimum liability requirements which means it is punishable by state law to not carry a specific level of liability insurance in order to drive the car. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If you took out a loan on your A3, almost every bank will make it a condition of the loan that you have full coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the bank may insure your Audi at a more expensive rate and force you to pay for the much more expensive policy.
• Insurance preserves your Audi and your assets. It will also cover all forms of medical expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.

The benefits of carrying enough insurance definitely exceed the cost, particularly if you ever have a claim. But the average American driver overpays as much as $830 a year so compare quotes from several companies at every policy renewal to save money.