Affordable Audi A3 Insurance in El Paso

How long has it been since you compared lower-priced Audi A3 insurance in El Paso? If you’re searching for more affordable insurance online, do you get confused by the number of auto insurance companies in El Paso? Drivers have so many choices that it can really be a ton of work to locate the lowest premium rates for Audi A3 insurance in El Paso. El Paso has lots to offer, but getting gouged by high auto insurance rates can make it hard for many residents to buy full coverage.

It’s safe to conclude that car insurance companies want to prevent you from shopping around. Insureds who shop around for better prices are highly likely to buy a different policy because they stand a good chance of finding better rates. Surprisingly, a recent survey revealed that people who compared rate quotes regularly saved as much as $860 a year compared to those who never shopped around for better prices.

If finding the best rates on insurance is your ultimate objective, then learning a little about the best way to quote and compare insurance premiums can make it easier to find better rates.

Consumers should take time to quote other rates every six months because auto insurance prices fluctuate regularly. Just because you had the lowest price on Audi A3 insurance in El Paso a few years ago there may be better deals available now. You can find a lot of wrong information about A3 insurance online but I’m going to show you some of the best ways to find affordable auto insurance in El Paso.

Buy El Paso Audi A3 insurance online

Just remember that comparing more quotes increases the chance that you will find the best price. Some companies don’t provide price estimates online, so you also need to get prices on coverage from those companies, too.

The following companies offer price quotes in El Paso, TX. If multiple providers are shown, we suggest you compare several of them in order to get a fair rate comparison.

Audi A3 coverage statistics

The coverage information shown next outlines estimates of coverage prices for Audi A3 models. Learning as much as possible about how insurance policy premiums are formulated can benefit drivers when making smart choices when comparing insurance rates.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Information does not factor in El Paso location which can revise price quotes significantly.

Higher deductibles lower rates

One of the most common auto insurance questions is how low should you set your deductibles. The comparison tables below can help you understand the costs and benefits when you select higher and lower coverage deductibles. The first rate quote example uses a $100 deductible and the second set of prices uses a $500 deductible.

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

We can estimate from the data above that using a $100 deductible costs an average of $28 more each month or $336 for a full year than quoting the higher $500 deductible. Since you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally go at a minimum 14 months between claims, you would most likely save money going with the higher deductible.

The information below illustrates how choosing a deductible and can change Audi A3 annual premium costs for different ages of insureds. The rates are based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.

Should you buy full coverage?

The information below shows the comparison of Audi A3 insurance costs with full physical damage coverage compared to only buying liability only. The premiums assume no claims or violations, $250 deductibles, single status, and no policy discounts are applied.

When to drop comprehensive and collision coverage

There is no definitive rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Audi A3 replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $6,000 after you pay the deductible. If premium cost is more than $600 annually for full coverage, then it’s probably a good time to buy liability coverage only.

There are some circumstances where eliminating full coverage is not in your best interest. If you still owe money on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.

Six Things That Impact Your Insurance Premiums

Part of the car insurance buying process is learning a few of the rating criteria that help determine your premiums. If you have some idea of what positively or negatively impacts your premiums, this enables you to make decisions that could result in lower car insurance prices.

The list below includes some of the factors used by your company to calculate your rates.

• Avoid unnecessary extra policy coverages – There are a ton of extra bells and whistles that may not really be needed if you aren’t careful. Add-on coverages like rental car reimbursement, towing, and motor club memberships may be wasting your money. They may seem good at first, but your money might be better spent on other coverage so eliminate them to save money.
• Safer occupants lowers premiums – Cars with high safety ratings get lower rates. Highly rated vehicles reduce the chance of injuries and any reduction in injury severity means less money paid by your insurance company and cheaper rates on your policy.

• Are you male or female? – The statistics show women tend to be less risk to insure than men. Now that doesn’t mean females are better drivers. They both are responsible for at-fault accidents in similar percentages, but the men have costlier accidents. Not only that, but men also get ticketed for serious violations like reckless driving and DUI.

  The example below shows the difference between Audi A3 insurance rates for male and female drivers. The premiums assume no claims, a clean driving record, comp and collision included, $100 deductibles, single status, and no other discounts are factored in.

• Vehicle risk influences premiums – The type of car you are buying insurance for makes a huge difference in determining your rates. Lower performance four cylinder passenger cars usually are quite affordable to insure, but your final cost has many other factors.

  The next chart uses these variables: married male driver age 20, full coverage with $100 deductibles, and no discounts or violations. It shows Audi A3 rates compared to other vehicles that have a range of performances.

• Low coverage deductibles can be expensive – Deductibles for physical damage are the amount of money you are required to pay if the claim is covered. Physical damage protection, termed comprehensive and collision coverage on your policy, protects your car from damage. A few examples of covered claims would be a windshield broken by a bird, collision with a deer, and damage from wind. The more expense the insured has to pay upfront, the bigger discount you will receive.
• Your car’s features help determine rates – Choosing a vehicle with an alarm system can help bring down rates. Systems that thwart thieves like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping car theft.

• Loss statistics for an Audi A3 – Insurers analyze historical claim data to determine a price that will be profitable for them. Vehicles that the statistics show to have a higher amount or frequency of claims will have higher rates.

  The next table illustrates the compiled insurance loss statistics for Audi A3 vehicles. For each policy coverage type, the statistical loss for all vehicles, without regard to make or model, is represented as 100. Percentages below 100 suggest a better than average loss history, while values that are above 100 point to more losses or an increased likelihood of larger losses.

  
  

  Audi A3 Insurance Claim Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Audi A3 4dr 2WD	152	90	109	85
  Audi A3 4dr 4WD	147	73	111	80

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Here’s why insurance is not optional

Even though El Paso A3 insurance rates can get expensive, insurance serves a purpose in several ways.

• Most states have mandatory insurance requirements which means you are required to carry a specific level of liability if you don’t want to risk a ticket. In Texas 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 took out a loan on your Audi, most banks will require you to buy insurance to guarantee payment of the loan. If you let the policy lapse, the bank will be required to insure your Audi at a much higher premium rate and require you to pay for it.
• Insurance preserves your Audi and your assets. It also can pay for medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.

The benefits of having insurance definitely exceed the cost, especially for larger claims. An average driver in America overpays as much as $750 every year so you should quote rates every year to make sure the price is not too high.