If your goal is the lowest price, then the best way to get affordable auto insurance rates is to regularly compare price quotes from different companies in Madison.
Step 1: Try to comprehend how your policy works and the measures you can control to prevent expensive coverage. Many factors that cause rate increases like inattentive driving and an imperfect credit score can be controlled by making lifestyle changes or driving safer. Keep reading for more ideas to prevent high rates and get bigger discounts.
Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Allstate, while independent agencies can quote prices from many different companies. Start a quote
Step 3: Compare the new rates to the premium of your current policy and determine if cheaper A3 coverage is available in Madison. If you find a lower rate quote and switch companies, verify that coverage does not lapse between policies.
The most important part of shopping around is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on every quote and and to get price estimates from as many companies as feasibly possible. Doing this ensures an apples-to-apples comparison and many rates to choose from.
Amazingly, almost 70% of insureds have purchased from the same company for at least the last four years, and approximately 40% of consumers have never shopped around. Consumers in Wisconsin can cut their rates by as much as $373 a year, but they think it’s difficult to compare rate quotes online.
If you have a policy now, you should be able to reduce premiums using the tips covered below. Buying the cheapest insurance in Madison is much easier if you know where to start. Although Wisconsin vehicle owners must learn how the larger insurance companies determine what you pay because it can help you find the best coverage.
Analysis of Audi A3 rates
The information displayed below showcases estimates of coverage costs for Audi A3 models. Learning how policy premiums are figured is important to be able to make decisions when shopping around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|A3 2.0T Premium Package||$138||$300||$220||$14||$66||$738||$62|
|A3 2.0T Premium Plus Package||$138||$300||$220||$14||$66||$738||$62|
|A3 2.0T Quattro||$156||$300||$220||$14||$66||$756||$63|
|Get Your Own Custom Quote Go|
Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rate information does not factor in the specific area where the vehicle is garaged which can modify coverage prices noticeably.
Safe drivers pay cheaper rates
The illustration below demonstrates how citations and accidents increase Audi A3 auto insurance costs for different insured age categories. The prices are based on a single female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
Age-based car insurance rates by gender
The chart below visualizes the comparison of Audi A3 car insurance costs for male and female drivers. The prices are based on no claims or driving violations, full coverage, $250 deductibles, single status, and no other discounts are factored in.
Difference between full coverage and liability only rates
The diagram below illustrates the comparison of Audi A3 insurance costs with and without physical damage coverage. The rates are based on no tickets, no at-fault accidents, $250 deductibles, single status, and no discounts are factored in.
When to stop buying full coverage
There is no set guideline to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is about 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your Audi A3 book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after paying your deductible. If premiums are more than $700 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are a few situations where eliminating full coverage is not advised. If you haven’t paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not opt for liability only.
Madison insurance discounts for an Audi A3
Companies that sell car insurance do not list all possible discounts very well, so we break down some of the best known in addition to some of the lesser obvious credits available to you.
- Driving Data Discount – Drivers that enable their car insurance company to look at where and when they drive by using a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts if they exhibit good driving behavior.
- Driver’s Ed – Cut your cost by having your teen driver successfully take a driver’s education course if offered at their school.
- No Accidents – Drivers who don’t have accidents have much lower rates as opposed to drivers with a long claim history.
- Pay Upfront and Save – If you pay your bill all at once as opposed to paying monthly you could save up to 5%.
- One Accident Forgiven – Not a discount per se, but companies like Liberty Mutual and GEICO permit an accident without getting socked with a rate hike if you are claim-free prior to the accident.
- Driver Training Discounts – Taking a course in defensive driving could cut 5% off your bill if you qualify.
- Federal Employees – Having worked for a branch of the government can save as much as 8% with a few car insurance companies.
- Seat Belt Discounts – Requiring all passengers to buckle up before driving may be able to save a few bucks off the PIP or medical payment premium.
- Life Insurance Discount – Some car insurance companies give a small discount if you purchase a life insurance policy as well.
- Good Student Discount – Performing well in school may save as much as 25% on a Madison car insurance quote. The discount lasts up until you turn 25.
As a sidenote, some of the credits will not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comp or med pay. Even though it appears it’s possible to get free car insurance, it just doesn’t work that way.
The information below illustrates the comparison of Audi A3 insurance rates with and without discounts. Data assumes a female driver, no claims or driving violations, Wisconsin state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-car, homeowner, multi-policy, and safe-driver discounts applied.
A few popular companies and their offered discounts can be read below.
- AAA discounts include pay-in-full, good student, education and occupation, multi-policy, multi-car, AAA membership discount, and good driver.
- Progressive offers discounts including multi-vehicle, good student, online signing, online quote discount, homeowner, multi-policy, and continuous coverage.
- State Farm has discounts for anti-theft, Steer Clear safe driver discount, good driver, defensive driving training, passive restraint, good student, and driver’s education.
- Esurance policyholders can earn discounts including good student, defensive driver, DriveSense, claim free, Switch & Save, emergency road assistance, and safety device.
- Nationwide may include discounts for defensive driving, multi-policy, anti-theft, family plan, easy pay, and business or organization.
When comparing rates, check with each company what discounts are available to you. Discounts may not apply to policyholders in Madison.
Information about specific coverages
Learning about specific coverages of a insurance policy can help you determine the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are the normal coverages offered by insurance companies.
Coverage for uninsured or underinsured drivers
This coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Audi A3.
Due to the fact that many Wisconsin drivers only carry the minimum required liability limits (which is 25/50/10), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally the UM/UIM limits do not exceed the liability coverage limits.
Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like hitting a deer, fire damage and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
Liability coverage will cover damage or injury you incur to people or other property by causing an accident. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/10 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.
Liability insurance covers things such as attorney fees, emergency aid and funeral expenses. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible. Wisconsin state minimum liability requirements are 25/50/10 but it’s recommended drivers buy better liability coverage.
The illustration below demonstrates why the minimum limit may not provide you with enough coverage.
Coverage for medical expenses
Personal Injury Protection (PIP) and medical payments coverage pay for bills for nursing services, hospital visits, ambulance fees and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. PIP is not available in all states and may carry a deductible
This pays for damage to your A3 resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for things such as crashing into a ditch, scraping a guard rail, colliding with another moving vehicle, damaging your car on a curb and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Another option is to choose a higher deductible on your A3 in order to get cheaper collision rates.
You can lower your insurance rates
Lower-priced insurance in Madison can be found both online as well as from independent agents in Madison, so you should be comparing quotes from both to have the best selection. There are still a few companies who may not offer price quotes online and most of the time these smaller companies only sell through independent insurance agents.
In this article, we covered quite a bit of information on how to lower your Audi A3 insurance rates in Madison. It’s most important to understand that the more companies you get car insurance rates for, the better your comparison will be. You may even find the most savings is with some of the smallest insurance companies. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Progressive or GEICO.
When you buy Madison car insurance online, never skimp on critical coverages to save a buck or two. There are a lot of situations where someone dropped full coverage only to find out that the small savings ended up costing them much more. Your aim should be to buy a smart amount of coverage at the best cost while not skimping on critical coverages.