High-priced car insurance in Greensboro can sap your checking account and make it hard to pay other bills.
It’s an obvious conclusion that insurance companies don’t want policyholders to compare prices from other companies. Drivers who shop around once a year are highly likely to switch to a new company because there is a high probability of finding a cheaper policy. A study discovered that people who routinely shopped for cheaper coverage saved an average of $3,500 over four years as compared to drivers who never shopped around for lower prices.
If finding discount rates on auto insurance is your goal, then learning about how to find companies and compare insurance can make shopping around easier.
How to find the cheapest rates for Audi A4 insurance in Greensboro
Truthfully, the best way to get affordable auto insurance rates in Greensboro is to compare prices regularly from providers in North Carolina.
- Step 1: Try to learn about how companies set rates and the modifications you can make to prevent expensive coverage. Many rating factors that drive up the price like inattentive driving and your credit history can be controlled by improving your driving habits or financial responsibility. Keep reading for additional ideas to help prevent expensive coverage and find more discounts that you may not know about.
- Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while agents who are independent can provide prices from multiple insurance companies. Compare rates now
- Step 3: Compare the new quotes to your existing coverage to see if cheaper A4 coverage is available in Greensboro. If you find a better price and switch companies, make sure there is no lapse in coverage.
- Step 4: Tell your current company of your intention to cancel your current policy and submit a down payment and signed policy application to your new insurance company. Be sure to put the new proof of insurance certificate above your visor, in the console, or in the glove compartment.
One important bit of advice is that you use similar coverage information on each quote and and to get rate quotes from as many different insurance providers as possible. Doing this enables a fair rate comparison and many rates to choose from.
Due to the increasing number of different company options, it’s difficult to locate the most affordable insurer.
It’s important to get comparison quotes periodically because prices are constantly changing. Even if you think you had the lowest rates on Audi A4 insurance in Greensboro two years ago you may be paying too much now. You’ll find quite a bit of inaccurate information about A4 insurance out there, but in a few minutes you can learn some guaranteed methods to reduce your car insurance bill.
Most companies like State Farm and Allstate allow you to get prices from their websites. The process is fairly simple because it’s just a matter of typing in your required coverages as requested by the quote form. After the form is submitted, the system will order your credit score and driving record and generates pricing information based on many factors. This helps simplify price comparisons, and it’s absolutely necessary to get many rate quotes if you want to find cheap insurance pricing.
To find out what other companies charge, visit the companies below or click here to submit a quote request to multiple companies at once. If you currently have coverage, we recommend you copy the coverage information as shown on your current policy. This way, you will have a fair comparison for similar coverage.
The car insurance companies shown below have been selected to offer price comparisons in North Carolina. If you wish to find cheap auto insurance in North Carolina, it’s highly recommended you click on several of them to find the cheapest car insurance rates.
Rates and information analytics
The price information displayed below showcases estimates of prices for Audi A4 models. Having a good grasp of how rates are determined can be valuable when making decisions on which insurance to purchase.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|A4 2.0T Quattro Premium Turbo Station Wagon||$210||$432||$254||$16||$76||$988||$82|
|A4 2.0T Premium Turbo 4-Dr Sedan||$210||$374||$254||$16||$76||$930||$78|
|A4 2.0T Quattro Premium Turbo 4-Dr Sedan||$210||$374||$254||$16||$76||$930||$78|
|A4 2.0T Quattro Premium Plus Turbo Station Wagon||$210||$432||$254||$16||$76||$988||$82|
|A4 2.0T Premium Plus Turbo 4-Dr Sedan||$234||$432||$254||$16||$76||$1,012||$84|
|A4 2.0T Quattro Premium Plus Turbo 4-Dr Sedan||$234||$432||$254||$16||$76||$1,012||$84|
|A4 2.0T Quattro Premium Plus 4-Dr Sedan||$234||$432||$254||$16||$76||$1,012||$84|
|A4 2.0T Quattro Prestige Turbo Station Wagon||$234||$432||$254||$16||$76||$1,012||$84|
|A4 2.0T Quattro Prestige 4-Dr Sedan||$234||$432||$254||$16||$76||$1,012||$84|
|A4 2.0T Quattro Prestige Turbo 4-Dr Sedan||$234||$432||$254||$16||$76||$1,012||$84|
|Get Your Own Custom Quote Go|
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Information does not factor in specific location which can raise or lower price quotes greatly.
Careless drivers pay higher rates
The chart below shows how violations and accidents can drive up Audi A4 insurance rates for each different age category. The costs are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.
Liability only or full coverage
The diagram below shows the comparison of Audi A4 insurance costs with full physical damage coverage and with liability coverage only. The price estimates are based on no claims or driving violations, $500 deductibles, drivers are single, and no discounts are applied.
When to eliminate full coverage
There is no set rule that works best for making the decision to drop comp and collision coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let’s say your Audi A4 settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $5,000 after the policy deductible has been paid. If you are currently paying more than $500 a year for physical damage coverage, then it may be the right time to buy liability only.
There are a few situations where dropping full coverage is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not remove full coverage.
Car insurance is not optional but you don’t have to overpay
Despite the high cost of buying insurance for a Audi A4 in Greensboro, car insurance is mandatory in North Carolina but it also protects more than you think.
First, the majority of states have minimum mandated liability insurance limits which means the state requires specific limits of liability if you want to drive legally. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if your A4 has a loan, almost every bank will require that you buy insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the lender may have to buy a policy to insure your Audi at an extremely high rate and force you to reimburse them for the expensive policy.
Third, insurance protects both your vehicle and your personal assets. It will also cover most medical and hospital costs for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage.
The benefits of carrying enough insurance outweigh the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver is currently overpaying as much as $865 each year so it’s recommended you shop around each time the policy renews to help ensure money is not being wasted.
Insurance Premium Influencing Factors
Consumers need to have an understanding of some of the elements that are used to determine the level of your policy premiums. If you understand what determines base rates, this allows you to make good choices that could help you find big savings. Lots of factors are part of the calculation when pricing auto insurance. Some of the criteria are obvious like your driving record, although others are less obvious such as whether you are married and annual miles driven.
Your liability protection limits – Your policy’s liability coverage will afford coverage if you are ruled to be at fault for damages from an accident. This coverage provides legal defense to defend your case. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so do not cut corners here.
Keep claims to a minimum – Car insurance companies in North Carolina generally give better rates to people who are not frequent claim filers. If you are a frequent claim filer, you can definitely plan on much higher rates or policy non-renewal. Auto insurance is designed for the large, substantial claims.
Raise your coverage deductibles for better prices – Deductibles for physical damage tell how much you are willing to pay out-of-pocket if the claim is covered. Physical damage insurance, also called ‘full coverage’, is used to repair damage to your car. Some examples of covered claims are a windshield broken by a bird, hail damage, and damage from wind. The higher the amount you pay before a claim is paid (deductible), the lower your rates will be.
See if your company offers a multi-policy discount – Many insurers will give lower prices to customers who carry more than one policy such as combining an auto and homeowners policy. Even though this discount sounds good, you still need to check prices from other companies to help ensure you have the lowest rates. Consumers may save more without the discount by buying auto insurance from a different company.
Poor credit decisions can cost you – Your credit rating will be a significant factor in calculating your premium rate. Drivers who have high credit scores tend to file fewer claims and have better driving records than drivers with lower ratings. Therefore, if your credit history is lower than you’d like, you may save money insuring your Audi A4 if you clean up your credit.
Extra policy coverages you don’t need – There are many extra add-on coverages that you can buy but may not be useful. Coverages like coverage for rental cars, towing, and membership fees are probably not needed. The coverages may be enticing when talking to your agent, but if you don’t need them consider taking them off your policy.
Better prices on vehicles with better crash test results – Vehicles that have high safety ratings are cheaper to insure. These vehicles help reduce the chance of injuries in an accident and lower injury rates means less money paid by your insurance company passed on to you as lower rates. If your Audi A4 has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
Loss probability for an Audi A4 – Insurers take into consideration insurance loss statistics for every vehicle to help set a rate to offset losses. Vehicles that have higher claim frequency or loss amount will cost more for coverage. The table below illustrates the historical insurance loss data for Audi A4 vehicles.
For each type of coverage, the claim amount for all vehicles averaged together is considered to be 100. Percentage numbers below 100 indicate a favorable loss history, while numbers shown that are more than 100 indicate higher probability of having a loss or statistically larger claims.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Audi A4 4dr 2WD||179||107||103||80||112||100|
|Audi A4 4dr 4WD||160||94||118||66||68||77|
|Audi A4 Allroad Station Wagon 4WD||145||84||110||47||47||70|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Keep this in mind when shopping around
As you shop your coverage around, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where someone dropped uninsured motorist or liability limits and discovered at claim time they didn’t purchase enough coverage. Your aim should be to purchase plenty of coverage at a price you can afford, but do not sacrifice coverage to save money.
Budget-friendly car insurance in Greensboro is attainable on the web in addition to many Greensboro insurance agents, so you need to quote Greensboro car insurance with both to have the best selection. Some companies may not provide online rate quotes and many times these small, regional companies provide coverage only through local independent agencies.
We just presented a lot of information how to shop for Audi A4 insurance online. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest prices come from the smaller companies. These smaller insurers can often provide lower rates in certain areas than the large multi-state companies such as State Farm or Progressive.
Steps to finding low-cost rates for Audi A4 insurance in Greensboro
If you want to save the most money, the best way to find cheaper prices for Audi A4 insurance is to start doing an annual price comparison from companies that sell auto insurance in Greensboro.
- First, it will benefit you to learn about how companies set rates and the factors you can control to prevent expensive coverage. Many policy risk factors that are responsible for high rates like tickets, at-fault accidents, and poor credit can be eliminated by making small lifestyle or driving habit changes.
- Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from a single company like Progressive and State Farm, while independent agents can quote prices from many different companies.
- Third, compare the new rates to your existing policy to see if a cheaper price is available. If you find a better price, make sure there is no lapse in coverage.
- Fourth, notify your company or agent of your decision to cancel your current auto insurance policy and submit a down payment along with a completed application to the newly selected company. Be sure to put the certificate verifying proof of insurance in your vehicle’s glove compartment or console.
One piece of advice is to make sure you enter similar deductibles and liability limits on every quote and and to get price quotes from every company you can. Doing this provides the most accurate price comparison and a complete selection of prices.
Additional information can be read at the links below
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Who Has Affordable Auto Insurance for a Toyota Tacoma in Greensboro? (FAQ)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Auto Theft Statistics (Insurance Information Institute)
- Smart Auto Insurance Tips (Insurance Information Institute)
- State Car Insurance Guides (GEICO)