Audi Insurance Rates | Finding the Best Coverage For Your Audi
Shopping for Audi car insurance can be overwhelming and confusing. Today, there is an information overload, forcing you to weed through mounds of auto insurance articles and insurance providers, hoping to find exactly what you need.
Throw in luxury car auto insurance in the mix and comparison shopping shows insurance premium prices all over the price spectrum. Insurance follows the same general principle “the cheapest may not always be the best.”
It’s important to research various companies, making the company pays out claims reliably and offers adequate coverage for your needs. You can start by looking at more well-known companies such as Allstate or Geico, but be sure to grab car insurance quotes from smaller, independent providers.
The best car insurance companies make a point of providing their customers with a convenient claims process, a wide range of coverage options, and friendly customer service.
Let’s look at what auto insurance companies use to assign your Audi insurance premium rates.
How Much Does Audi Insurance Cost?
If you are looking into purchasing an Audi, you may be wondering, is an Audi more expensive to insure?
Several factors determine your car insurance premium–personal information such as your age, gender, and driving record.
Other areas of importance are your vehicle’s make and model (particularly its safety ratings), overall value, the likelihood of theft, and the cost of repairs all affect what you pay for car insurance.
Your geographical location directly impacts your premium insurance rates. For example, it may be more expensive for Audi owners to drive in New York versus Georgia.
Lastly, check out the ratings and reviews from past and current policyholders for the company you’re considering.
I know it’s tempting to snag the cheapest auto insurance policy, but truly research and thoroughly analyze what’s included in the estimated price.
What Factors Affect Audi Insurance Rates?
As mentioned above, several factors related to your vehicle are evaluated when your insurance company calculates the price you’ll pay for your policy.
Here’s a breakdown of what those include:
- Safety Ratings
- Damage Liability
- Make and Model
- Probability of Theft
Let’s look at how Audi vehicles measure safety.
The U.S. Department of Transportation reported there were over 36,560 traffic fatalities in 2018. Auto accidents are the number one cause of death for humans 25 and under. Insurance companies take all safety measures into account including the IIHS and the National Highway Traffic Safety Administration car ratings.
The IIHS Rates Cars Based on Four Ratings:
- G (good)
- A (Acceptable)
- M (Marginal)
- P (Poor)
In Four Categories
- Crash Avoidance and Mitigation
- Child Seat Anchors
- Other Safety Features
Audi Safety Ratings On Three Popular Audi Cars:
- The Sporty Audi A5 Coupe
- Midsize 4 door Sedan Audi A8 Quattro
- Luxury 4 door SUV Audi Q7
Each car listed above received G across each category, earning a superior rating in crash avoidance and child seat anchors. Audi owners have peace of mind no matter which Audi model they drive.
Because safety is so important, many insurance companies offer discounted rates to drivers who follow safe driving practices, great driving history, have safety features such as roadside assistance in their vehicles, bundle with home insurance policies, or set up automatic payments.
There are two types of liability auto insurance: collision and comprehensive. Collision insurance covers exactly as it sounds, collisions involving another car or object. It is usually the cheaper option but can leave you open to other types of property damage.
Comprehensive or Full Coverage covers collision damage as well as any repairs needed due to hail, fire, or vandalism.
Audi is considered a luxury vehicle just like other German brands BMW, Mercedes, and Volkswagen. Repairs can be costly, driving up your premiums. Due to their German origin, Audi parts aren’t readily available. We’ve made a list of repair and replacement costs to help give you a better idea of what vehicle repairs may cost in the event of any damage.
Make and Model
The make and model of your car determine the MSRP or the sticker price. Auto insurance carriers examine the price of your car to determine the monthly premiums. Because of this, the more standard the car, the lower the rates.
The trim package you choose directly impacts the price of your car. For example, the Audi a5 offers three different models–base Premium, mid-level Premium Plus, or luxurious Prestige. Each package offers different engine size, interior cargo space, or luxury add ons such as wheels and heated seats raising or reducing the MSRP.
Kelley Blue Book (KBB) is an up-to-date database of auto values. For the examples in this article, we’ve used KBB values based on vehicles in good condition, with standard features, and located in the Los Angeles area, within the 90005 zip code.
- According to KBB, the value of a 2018 Audi A4 Ultra Premium Sedan 4D is between $28,416 and $34,266.
- The Audi Q7 3.0T Premium Sport Utility 4D has a fair market value between $49,433 and $53,660.
This variation in pricing can result in an equally varied price range for Audi insurance.
- Audi R8 Insurance: Rates, Reviews, Quotes from Top Companies
- How Much Is Car Insurance For An Audi TT?
Probability of Theft
Because insurance companies are taking on measured risks to cover any possible damages of your car, the probability of theft is important.
The most targeted cars in 2020 are Honda’s, Toyota’s, and Jeeps. Audi’s aren’t usually targeted by thieves due to their unique parts. The market is saturated with Honda’s and Toyota’s, making them easy targets for thieves to boost.
What Makes The Audi Brand Unique?
The Audi brand has a rich history. Beginning in Germany in 1932, Audi combined four auto manufacturing companies, Audi, Horch, Wanderer, and DKW symbolizing this merger with the four rings, minting its unique emblem.
In 1899, Albert Horch created his first automobile in Cologne, Germany with his then company Horch & Cie. Because of differences of opinions and ideas, Horch later left his company and started another car company using the Latin version of his last name “Horch” or “hark” eventually became known as “Audi”.