It’s a fact that insurance companies don’t want their policyholders to compare prices. Drivers who compare rates once a year will presumably buy a different policy because there is a high probability of finding coverage at a more affordable price. A recent auto insurance study revealed that drivers who regularly compared price quotes saved $3,500 over four years as compared to drivers who don’t make a habit of comparing rates.
If finding the lowest rates on auto insurance is your goal, knowing how to quote prices and compare coverages can help make the process easier and more efficient.
If you want to find the absolute lowest rates, then the best way to find discount auto insurance rates in Raleigh is to annually compare prices from providers that insure vehicles in North Carolina.
- Read and learn about how insurance companies determine prices and the things you can change to lower rates. Many rating factors that result in higher prices such as inattentive driving and a poor credit rating can be remedied by paying attention to minor details.
- Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from one company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes for many different companies.
- Compare the quotes to the price on your current policy to see if switching to a new carrier will save money. If you can save money and decide to switch, make sure coverage does not lapse between policies.
- Give notification to your agent or company of your decision to cancel your existing policy. Submit the signed application along with the required initial payment for the new coverage. Immediately upon receiving it, put the certificate of insurance along with the vehicle’s registration papers.
The key thing to know about shopping around is to try to compare similar limits and deductibles on each quote request and and to compare as many car insurance companies as possible. Doing this enables a fair price comparison and a thorough price selection.
Audi Q5 Insurance Rate Factors
Multiple criteria are part of the calculation when premium rates are determined. Some are pretty understandable like a motor vehicle report, but some are not quite as obvious such as whether you are married or your vehicle rating.
The factors shown below are some of the things companies use to determine your premiums.
- Deter theft and pay less – Choosing a vehicle that has an advanced theft prevention system can earn a premium discount. Systems that thwart thieves like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping auto theft.
- Buy as much liability protection as you can afford – The liability section of your policy will protect you in the event that you are found liable for personal injury or accident damage. It provides legal defense which can cost thousands of dollars. Liability insurance is pretty cheap as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.
- Never allow your coverage to lapse – Allowing your auto insurance policy to lapse is a guaranteed way to drive up your policy premiums. Not only will you pay higher rates, failure to provide proof of insurance can result in a revoked license or a big fine. You could then be forced to provide proof of insurance in the form of an SR-22 filing with the North Carolina department of motor vehicles.
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Type of car determines base costs – The performance level of the car you need to insure makes a big difference in your rates. Smaller low performance passenger cars usually have the lowest rates, but your final cost has many other factors.
The chart below uses these assumptions: married male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It shows Audi Q5 rates compared to other vehicles that have a range of risk factors.
- Rates and employer – Occupations like fire fighters, police officers, and medical professionals generally have the highest rates attributed to intense work situations and lots of time spent away from family. Conversely, jobs such as professors, engineers and homemakers have the lowest average rates.
- More people means more accidents – Living in smaller towns and rural areas of the country is a good thing when shopping for auto insurance. Lower population means less chance of accidents and also fewer theft and vandalism claims. Drivers who live in large North Carolina cities tend to have more road rage incidents and higher rates of accident claims. More time commuting translates into higher accident risk.
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Older drivers are lower risk – More mature drivers are more responsible, tend to file fewer claims, and are safer drivers. Teen drivers are statistically shown to be careless and easily distracted when at the wheel of a vehicle and because of this, their auto insurance rates are much higher.
The data below is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
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Traffic violations can increase prices – Your driving citation history impacts your car insurance rates tremendously. Drivers with clean records get better prices compared to drivers with tickets. Even one speeding ticket or other violation could increase your next policy renewal by as much as twenty percent. People who have multiple violations like reckless driving, hit and run or driving under the influence may find they need to maintain a SR-22 with their state’s department of motor vehicles in order to continue driving.
The information below illustrates how violations and at-fault collisions influence Audi Q5 yearly insurance costs for different age groups of insureds. The premium estimates are based on a married female driver, comp and collision included, $250 deductibles, and no other discounts are factored in.
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Insurance loss data for Audi Q5 vehicles – Companies take into consideration insurance loss statistics for every vehicle to calculate a price that will offset losses. Models that historically have high amounts or severity of claims will have higher rates for specific coverages. The table below illustrates the historical loss data for Audi Q5 vehicles.
For each policy coverage type, the claim amount for all vehicles, regardless of make or model, is equal to 100. Values that are below 100 represent a good loss history, while values that are above 100 show a trend for more claims or a tendency for losses to be larger than average.
Insurance Loss Ratings for Audi Q5 Vehicles Specific Audi Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Audi Q5 4dr 4WD 143 96 110 61 55 78 Audi Q5 Hybrid 4dr 4WD 156 165 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
How to find the cheapest Audi Q5 insurance in Raleigh, NC
All major car insurance companies give prices for coverage directly from their websites. Obtaining pricing for Audi Q5 insurance in Raleigh can be done by anyone as all you need to do is type in your coverage preferences into the form. When complete, their rating system orders your driving and credit reports and generates pricing information.
Using the web to get rate quotes for Audi Q5 insurance in Raleigh makes it a lot easier to compare rates and it is imperative to perform this step in order to find the most affordable premium.
To find out how much you’re overpaying now, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you type in the insurance coverages identical to your current policy. Doing this guarantees you will be getting a price comparison based on the exact same insurance coverage.
The auto insurance companies shown below are our best choices to provide free quotes in Raleigh, NC. If multiple companies are listed, we suggest you visit several of them to find the cheapest auto insurance rates.
Rates and information analytics
The data table shown next outlines estimates of insurance rates for Audi Q5 models. Learning how auto insurance premiums are formulated can be of help when making decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Q5 3.2 Premium AWD | $176 | $354 | $250 | $14 | $74 | $868 | $72 |
| Q5 3.2 Premium Plus AWD | $196 | $354 | $250 | $14 | $74 | $888 | $74 |
| Q5 3.2 Premium Plus S-Line AWD | $196 | $354 | $250 | $14 | $74 | $888 | $74 |
| Q5 3.2 Prestige AWD | $196 | $402 | $250 | $14 | $74 | $936 | $78 |
| Q5 3.2 Prestige S-Line AWD | $196 | $402 | $250 | $14 | $74 | $936 | $78 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Table data does not factor in zip code location which can impact premium rates substantially.
Policy deductible comparison
One of the hardest decisions when shopping for car insurance is which deductibles should you choose. The tables below outline the rate differences when you select higher and lower deductibles. The first rate quote example uses a $250 physical damage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Q5 3.2 Premium AWD | $218 | $440 | $250 | $14 | $74 | $1,021 | $85 |
| Q5 3.2 Premium Plus AWD | $242 | $440 | $250 | $14 | $74 | $1,045 | $87 |
| Q5 3.2 Premium Plus S-Line AWD | $242 | $440 | $250 | $14 | $74 | $1,045 | $87 |
| Q5 3.2 Prestige AWD | $242 | $498 | $250 | $14 | $74 | $1,103 | $92 |
| Q5 3.2 Prestige S-Line AWD | $242 | $498 | $250 | $14 | $74 | $1,103 | $92 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Q5 3.2 Premium AWD | $176 | $354 | $250 | $14 | $74 | $868 | $72 |
| Q5 3.2 Premium Plus AWD | $196 | $354 | $250 | $14 | $74 | $888 | $74 |
| Q5 3.2 Premium Plus S-Line AWD | $196 | $354 | $250 | $14 | $74 | $888 | $74 |
| Q5 3.2 Prestige AWD | $196 | $402 | $250 | $14 | $74 | $936 | $78 |
| Q5 3.2 Prestige S-Line AWD | $196 | $402 | $250 | $14 | $74 | $936 | $78 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location information which can decrease or increase auto insurance rates considerably.
Using the data above, we can ascertain that using a $250 deductible costs about $14 more each month or $168 every year than choosing the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to have more than 18 months between claim filings, you would come out ahead if you decide on a higher deductible.
The illustration below illustrates how your deductible choice and can change Audi Q5 annual premium costs for different ages of insureds. The information is based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.
Do you need full coverage?
The chart below shows the difference between Audi Q5 insurance prices with full physical damage coverage and with liability coverage only. The rates are based on no tickets, no at-fault accidents, $1,000 deductibles, marital status is single, and no other discounts are factored in.
When to drop comp and collision
There is no clear-cut formula to stop paying for comp and collision coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s say your Audi Q5 settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after paying your deductible. If premium cost is more than $200 a year for full coverage, then it could be time to drop full coverage.
There are some circumstances where only buying liability is not a good plan. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Three reasons auto insurance is important
Even though it’s not necessarily cheap to insure an Audi in Raleigh, buying auto insurance may not be optional for several reasons.
- The majority of states have mandatory insurance requirements which means state laws require specific limits of liability coverage 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 your Audi Q5 has a loan, most lenders will require that you carry insurance to guarantee loan repayment. If you let the policy lapse, the bank may buy a policy for your Audi at a more expensive rate and force you to pay a much higher amount than you were paying before.
- Insurance protects not only your car but also your financial assets. Insurance will also pay for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay to defend you if anyone sues you for causing an accident. If you have damage to your Audi as the result of the weather or an accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of buying enough insurance are without a doubt worth the cost, particularly for liability claims. According to a survey of 1,000 drivers, the average driver overpays more than $869 every year so it’s important to compare rates once a year at a minimum to ensure rates are inline.
Auto insurance discounts are available for cheaper rates
Companies do not advertise every policy discount in a way that’s easy to find, so here is a list a few of the more common and the more hidden discounts that you may qualify for.
- One Accident Forgiven – Not necessarily a discount, but a few companies such as State Farm and Progressive will let one accident slide before raising your premiums if you have no claims for a particular time prior to the accident.
- Mature Driver Discount – Drivers that qualify as senior citizens may receive a small decrease in premiums.
- Accident Free – Drivers who don’t have accidents are rewarded with significantly better rates on Raleigh auto insurance quote when compared to accident-prone drivers.
- Home Ownership Discount – Owning a home in Raleigh can get you a discount because it demonstrates responsibility.
- Payment Method – By paying your entire bill at once instead of monthly or quarterly installments you may reduce your total bill.
- Good Drivers – Drivers without accidents can save as much as half off their rates as compared to drivers with claims.
- Discounts for Federal Employees – Federal government employees could provide a small rate reduction depending on your company.
- Online Discount – A few auto insurance companies give back up to $50 for completing your application on your computer.
- Air Bag Discount – Factory air bags and/or automatic seat belt systems can receive discounts of 20% or more.
Drivers should understand that some credits don’t apply to your bottom line cost. Most only cut the cost of specific coverages such as collision or personal injury protection. So when it seems like all those discounts means the company will pay you, you’re out of luck. Any amount of discount should help lower the cost of your policy.
The illustration below shows the comparison of Audi Q5 auto insurance rates with and without discounts. The costs are based on a male driver, no claims, a clean driving record, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, safe-driver, claim-free, multi-policy, and marriage discounts applied.
A few of the larger companies and a summarized list of policyholder discounts can be read below.
- State Farm policyholders can earn discounts including defensive driving training, passive restraint, good student, driver’s education, and accident-free.
- Esurance offers discounts for paid-in-full, good driver, claim free, safety device, emergency road assistance, defensive driver, and DriveSense.
- Progressive includes discounts for online quote discount, multi-policy, good student, online signing, and multi-vehicle.
- Liberty Mutual may include discounts for new move discount, good student, newly married, new vehicle discount, exclusive group savings, and newly retired.
- Auto-Owners Insurance may offer discounts for group or association, paperless, air bags, paid in full, and teen driver.
- GEICO offers discounts including seat belt use, anti-theft, five-year accident-free, multi-vehicle, multi-policy, military active duty, and good student.
When getting a coverage quote, ask all companies you are considering to give you their best rates. Some discounts listed above might not be offered in Raleigh.
Local insurance agents
Some people would rather sit down and talk to an agent and doing that can be a smart decision Professional insurance agents can help you build your policy and help file insurance claims. An additional benefit of comparing rates online is the fact that you can find cheap car insurance quotes and still have an agent to talk to. Putting coverage with small agencies is definitely important in Raleigh.
For easy comparison, once you complete this simple form, your coverage information is submitted to insurance agents in Raleigh who want to provide quotes for your coverage. You won’t even need to contact any insurance agencies since price quotes are sent to you instantly. In the event you want to quote rates from a particular provider, don’t hesitate to search and find their rate quote page and fill out the quote form the provide.
Pick the best auto insurance agent in Raleigh for you
If you want a local Raleigh insurance agency, you must know there are a couple types of insurance agents to choose from. Insurance agencies in Raleigh can be described as either independent or exclusive depending on the company they work for. Either one can provide car insurance policies, but it’s important to point out how they are different because it can impact buying decisions.
Independent Agencies or Brokers
These agents can quote rates with many companies and that gives them the ability to insure through many companies and possibly get better coverage at lower prices. If your agent finds better pricing, they simply move your policy to a different company and you won’t have to switch agencies.
When shopping rates, it’s a good idea to compare quotes from several independent agencies to have the most options to choose from. A lot of them also have access to mutual insurance companies which may have better rates.
Shown below are Raleigh independent agencies that may be able to give you rate quotes.
- Bagwell and Bagwell Insurance
2626 Glenwood Ave #300 – Raleigh, NC 27608 – (919) 832-6667 – View Map - Young Insurance Associates, Inc
2609 Atlantic Ave #107 – Raleigh, NC 27604 – (919) 322-4186 – View Map - Green and Wooten Insurance
800 Salem Woods Dr – Raleigh, NC 27615 – (919) 870-0021 – View Map
Exclusive Insurance Agents
These agents normally can only provide a single company’s rates such as Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot provide prices from multiple companies so it’s a take it or leave it situation. Exclusive agencies are trained well on their company’s products which helps them compete with independent agents. Consumers often purchase coverage from exclusives primarily because of the prominent brand name rather than having the cheapest rates.
Below are Raleigh exclusive insurance agents that can give you price quotes.
- State Farm: Jerome Murray
8410 Louisburg Rd #100 – Raleigh, NC 27616 – (919) 266-9371 – View Map - Vincent Boone – State Farm Insurance Agent
7850 Alexander Promenade PI #105 – Raleigh, NC 27617 – (919) 957-9009 – View Map - Allstate Insurance: Jay Adkins
1033 Oberlin Rd Ste 200 – Raleigh, NC 27605 – (919) 755-1133 – View Map
Finding a good insurance agency should include more criteria than just the price. Some important questions to ask are:
- Will the agent help in case of a claim?
- Who is covered by the car insurance policy?
- Does the company use OEM repair parts?
- What insurance company do they write the most business with?
- Can they give you a list of client referrals?
- Does the agency provide any after hours assistance?
- Do you qualify for any additional discounts?
- Where are claims handled?
When do I need an agent’s advice?
When quoting and comparing the best auto insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Your needs are unique to you so your insurance needs to address that.
These are some specific questions may help you determine whether you would benefit from an agent’s advice.
- Can I use my car for my catering business?
- What does medical payments coverage do?
- Do I have coverage when using my vehicle for my home business?
- Am I covered if my car is in a flood?
- I don’t drive much so do I pay less?
- Am I covered when driving a rental car?
- Where can I find DUI or SR-22 insurance?
- Is a blown tire covered by insurance?
If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area. It is quick, free and you can get the answers you need.
The best insurance company isn’t always the cheapest
In this article, we presented some good ideas how you can save on Audi Q5 insurance in Raleigh. The key concept to understand is the more providers you compare, the better chance you’ll have of finding affordable Audi Q5 insurance quotes. You may even be surprised to find that the biggest savings come from a small mutual company. Regional companies may often insure only within specific states and give better rates as compared to the big name companies such as GEICO and State Farm.
As you shop your coverage around, do not buy poor coverage just to save money. Too many times, an insured dropped liability limits or collision coverage and found out when filing a claim that it was a big mistake. The proper strategy is to buy a smart amount of coverage at a price you can afford, but do not skimp to save money.
Much more information about insurance in North Carolina is available at the links below
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Who Has Cheap Raleigh Auto Insurance Quotes for Used Cars? (FAQ)
- Who Has Cheap Auto Insurance Rates for Handicapped Drivers in Raleigh? (FAQ)
- Airbag FAQ (iihs.org)
- Red Light Cameras (State Farm)