Best Ways to Save on Greensboro Audi A6 Insurance

Are you confused by the wide range of auto insurance choices available to you? Lot’s of other people are too. Drivers have so many options that it can really be more work than you anticipated to find lower premium rates on Audi A6 insurance. If you’ve ever been there, you know that Greensboro is a great city to live in, but finding the money to pay for auto insurance can make it impossible to make ends meet.

Astonishing but true, a large majority of drivers in North Carolina kept their policy with the same company for more than four years, and virtually 40% of consumers have never compared auto insurance rates at all. With the average premium in the U.S. being $1,847, drivers can save as much as $860 each year by just shopping around, but they mistakenly think it’s difficult to find affordable auto insurance rates.

If you’re already insured, you will definitely be able to buy cheaper car insurance using this information. Obtaining price quotes for the lowest cost car insurance coverage in Greensboro is easy if you know what you’re doing. Although North Carolina vehicle owners benefit from understanding the way companies compete online.

When comparison shopping, there are several ways to compare prices from lots of North Carolina auto insurance companies. The quickest method to find affordable Audi A6 insurance rates consists of shopping online.

Just remember that obtaining a wide range of quotes increases the chance that you will find a lower rate than you’re paying now.

The companies shown below provide price comparisons in North Carolina. If you want to find cheaper car insurance in North Carolina, we recommend you compare several of them to get the best price comparison.

Rates and detailed analysis

The coverage table below highlights different prices for Audi A6 models. Learning more about how policy rates are formulated is important to be able to make decisions when shopping around.

Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Information does not factor in zip code location which can modify premium rates considerably.

Comparison of policy deductibles

One frequently asked question is how high should the physical damage deductibles be. The following tables may help to illustrate the premium difference when you choose different coverage deductibles. The first pricing table uses a $250 deductible and the second price chart uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Table data does not factor in vehicle location which can lower or raise insurance rates considerably.

We can derive from the above data that using a $250 deductible will cost in the ballpark of $14 more each month or $168 a year than choosing the higher $500 deductible. Because you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 18 months between claim filings, you would save more money if you opt for a higher deductible.

One thing to be aware of is that increasing deductibles to lower your rates means you will have to cover more of the damage yourself when you have to file a claim. That will force you to have enough money put aside in the event you need to pay more for the deductible.

The information below demonstrates how choosing different deductibles and can change Audi A6 insurance rates for different age groups. The prices are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

Responsible drivers pay cheaper Greensboro insurance rates

The information below demonstrates how citations and at-fault fender-benders increase Audi A6 insurance rates for different ages of insureds. The data is based on a single female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.

Should you buy full coverage?

The illustration below illustrates the difference between Audi A6 premium costs with liability coverage only compared to full coverage. The price estimates are based on no accidents or driving violations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

When to buy liability coverage only

There is no exact rule of when to drop physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s pretend your Audi A6 settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,000 after the policy deductible has been paid. If you are paying more than $800 annually for physical damage coverage, then you might consider buying liability only.

There are some conditions where dropping full coverage is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not buy liability only.

Why do I need car insurance?

Even though it can be expensive, auto insurance may be mandatory for several reasons.

• Almost all states have minimum liability requirements which means it is punishable by state law to not carry a specific level of liability insurance if you don’t want to risk a ticket. 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.
• If you bought your Audi A6 with a loan, it’s guaranteed your bank will stipulate that you carry insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank may insure your Audi at a significantly higher premium and make you pay a much higher amount than you were paying before.
• Insurance safeguards both your Audi A6 and your assets. It also can pay for many types of medical costs incurred in an accident. Liability insurance will also pay for a defense attorney if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of buying enough insurance greatly outweigh the cost, especially with large liability claims. On average, a vehicle owner in Greensboro overpays as much as $810 a year so it’s very important to do a rate comparison every year to help ensure money is not being wasted.

Information about specific coverages

Having a good grasp of a car insurance policy aids in choosing appropriate coverage for your vehicles. Car insurance terms can be confusing and even agents have difficulty translating policy wording.

Collision protection

This coverage pays for damage to your A6 caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision can pay for things like driving through your garage door, colliding with a tree and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. You can also bump up the deductible on your A6 to get cheaper collision coverage.

Comprehensive insurance

Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like fire damage, rock chips in glass, damage from flooding, hitting a bird and vandalism. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for bills such as funeral costs, doctor visits, ambulance fees and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Liability insurance

Liability insurance will cover damage that occurs to a person or their property by causing an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 30/60/25 that translate to $30,000 in coverage for each person’s injuries, $60,000 for the entire accident, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like attorney fees, funeral expenses, loss of income and pain and suffering. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford. North Carolina state minimum liability requirements are 30/60/25 but you should think about purchasing higher limits.

The illustration below demonstrates why the minimum limit may not provide adequate coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your Audi A6.

Because many people only purchase the least amount of liability that is required (which is 30/60/25), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these coverages are set the same as your liability limits.

What is the best auto insurance company in North Carolina?

Selecting a highly-rated car insurance provider can be challenging considering how many companies provide coverage in Greensboro. The ranking information in the next section can help you analyze which insurers to look at comparing prices from.

Top 10 Greensboro Car Insurance Companies Overall

1. Travelers
2. USAA
3. AAA Insurance
4. Nationwide
5. Allstate
6. State Farm
7. The Hartford
8. Safeco Insurance
9. Progressive
10. American Family