Best Audi A5 Insurance in Minneapolis

No car owner rejoices having to buy auto insurance, especially when they are aware that their premiums are too high.

A recent study showed that the vast majority of consumers have bought auto insurance from the same company for a minimum of four years, and roughly 40% of drivers have never compared rates with other companies. Many drivers in Minnesota could cut their rates by roughly $1,040 a year, but they just assume it takes a lot of time to compare rate quotes.

How to buy lower priced Audi A5 insurance in Minneapolis

Really, the only way to get cheaper auto insurance rates in Minneapolis is to annually compare prices from insurers who can sell car insurance in Minnesota.

Step 1: Gain an understanding of coverages and the measures you can take to prevent expensive coverage. Many factors that are responsible for high rates such as at-fault accidents, speeding tickets, and a negative credit rating can be rectified by being financially responsible and driving safely. Continue reading for more information to help keep prices low and find available discounts that you may qualify for.

Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from a single company like Progressive or Farmers Insurance, while independent agencies can provide price quotes from multiple sources. Find a Minneapolis insurance agent

Step 3: Compare the quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find a lower rate and switch companies, verify that coverage does not lapse between policies.

A crucial key to this process is to compare the same level of coverage on every quote and and to analyze all possible companies. This enables a level playing field and a complete rate analysis.

Insurance companies such as State Farm and GEICO persitently shower you with advertising and it is difficult to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

Best Audi A5 insurance price quotes in Minnesota

The companies shown below are our best choices to provide free quotes in Minnesota. If multiple companies are listed, it’s a good idea that you visit as many as you can in order to get a fair rate comparison.

Rates and statistics

The table shown below outlines different coverage costs for Audi A5 models. Having insight into how rate quotes are determined can help guide drivers when making informed decisions when comparing rate quotes.

Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Table data does not factor in specific Minneapolis garaging location which can decrease or increase rates greatly.

Higher deductibles lower rates

When comparing car insurance rates, the most common question is how high should the physical damage deductibles be. The rates shown below can help you understand the difference in cost between high and low physical damage coverage deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second rate chart uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium costs do not factor in vehicle location which can modify premium rates significantly.

Based on the figures above, using a $250 deductible costs an average of $17 more each month or $204 every year than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you go more than 15 months between claims, you would most likely save money by selecting a higher deductible.

Cost difference between full coverage and liability

The chart below illustrates the comparison of Audi A5 insurance prices with full physical damage coverage compared to only buying liability only. The premiums are based on no violations or claims, $100 deductibles, drivers are single, and no discounts are factored in.

When to drop comprehensive and collision coverage

There is no set rule that is best for determining when to drop full coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s assume your Audi A5 claim settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $6,000 after paying your deductible. If you are paying in excess of $600 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some cases where eliminating full coverage is not advised. If you still owe a portion of the original loan, you must maintain physical damage 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 in an accident, you should not buy liability only.

The Audi A5 Insurance Premium Equation

Lots of factors are part of the calculation when quoting car insurance. Some factors are common sense like an MVR report, but some are more transparent such as your credit history or your financial responsibility. Part of the auto insurance buying process is learning the factors that aid in calculating the price you pay for auto insurance. When you understand what controls the rates you pay, this allows you to make educated decisions that could help you find big savings.

The following are a partial list of the pieces that factor into your prices.

Commute or pleasure use – The more you drive in a year the more you will pay for auto insurance. The majority of insurers calculate rates based upon how the vehicle is primarily used. Cars and trucks that are left in the garage cost less to insure than those that get driven frequently. An improperly rated A5 may be costing you. Verify your vehicle rating states the correct usage, because it can save money.

No insurance claims equals lower auto insurance rates – If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Insurance companies in Minnesota generally give discounts to drivers who do not rely on their insurance for small claims. Auto insurance is designed for larger claims.

Little extras can really add up – There are many optional add-on coverages that can waste your money when buying auto insurance. Insurance for things like coverage for rental cars, accident forgiveness, and membership fees may be costing you every month. They may seem good when buying your policy, but if you have no use for them consider taking them off your policy.

Does auto insurance cost less for women? – Statistics demonstrate women tend to be less risk to insure than men. It does not mean females are better at driving than males. Women and men are responsible for accidents in similar percentages, but males have accidents that have higher claims. Not only are claims higher, but men receive more major tickets like reckless driving and DUI.

The illustration below shows the comparison of Audi A5 auto insurance costs for male and female drivers. The premiums are based on a clean driving record, no at-fault accidents, full physical damage coverage, $100 deductibles, marital status is single, and no discounts are taken into consideration.

Tickets and citations cost more than a fine – Attentive drivers have lower premiums than people who have multiple driving citations. Just one speeding ticket may increase your cost by as much as thirty percent. Drivers unfortunate enough to have dangerous tickets like DUI or reckless driving may find that they have to to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to prevent their license from being revoked.

The diagram below shows how traffic citations and at-fault fender-benders can influence Audi A5 annual premium costs for different age groups of insureds. The price estimates are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are factored in.

Claims statistics for an Audi A5 – Insurers study historical loss data as a way to help calculate a profitable premium rate. Vehicles that tend to have increased claim numbers or amounts will have higher premium rates.

The next table illustrates the historical insurance loss data for Audi A5 vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, regardless of make or model, is equal to 100. Values that are under 100 represent a good loss history, while numbers that are greater than 100 indicate frequent claims or tendency to have higher losses.

Check for these discounts

The cost of insuring your cars can be expensive, but you might be missing out on some discounts that can help lower your rates. A few discounts will be applied at the time of purchase, but occasionally some discounts must be specially asked for before you will receive the discount.

• Low Mileage – Maintaining low annual mileage can qualify you for substantially lower prices.
• Good Driver Discount – Drivers who avoid accidents can pay as much as 50% less than their less cautious counterparts.
• Student Discounts – A discount for being a good student can get you a discount of up to 25%. You can use this discount normally until age 25.
• Driver’s Education for Students – Require your teen driver to enroll and complete driver’s education if offered at their school.
• Military Rewards – Having a deployed family member could qualify you for better premium rates.
• Data Collection Discounts – Insureds who allow their insurance company to spy on driving manner by using a telematic data system like In-Drive from State Farm and Progressive’s Snapshot may get a rate reduction if they are good drivers.

Discounts lower rates, but most credits do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as liability and collision coverage. So even though it sounds like you can get free auto insurance, it’s just not the way it works.

The chart below illustrates the difference between Audi A5 car insurance costs with and without policy discounts. The rates are based on a female driver, no accidents or driving violations, Minnesota state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, claim-free, multi-policy, and marriage discounts applied.

To choose insurers that offer the discounts shown above in Minnesota, click here to view.

Insurance agencies are trained to help

A small number of people would prefer to sit down with an agent and that is OK! A nice benefit of comparing rates online is you can get cheap rate quotes and still have an agent to talk to. Buying insurance from local agencies is still important in Minneapolis.

To make it easy to find an agent, after completing this form (opens in new window), the quote information is submitted to companies in Minneapolis that give free quotes for your insurance coverage. There is no need to contact any agents because quoted prices will be sent to you instantly. You can find the lowest rates AND an agent nearby. If for some reason you want to compare rates from a particular provider, you just need to jump over to their website to submit a rate quote request.

Pick the best auto insurance agent in Minneapolis for you

When searching for a local Minneapolis insurance agency, you should know the types of insurance agents that you can select. Auto insurance agents in Minneapolis can be classified as either independent (non-exclusive) or exclusive.

Independent Auto Insurance Agencies

Agents of this type are not restricted to one company so as a result can place your coverage through many different auto insurance companies and find you the best rates. If your premiums go up, they can switch companies in-house which makes it simple for you.

When comparing rates, it’s recommended you get several quotes from a few independent agents to get the best comparison.

Shown below are Minneapolis independent agents that may be able to give pricing information.

View more Minneapolis agents

Exclusive Auto Insurance Agents

These type of agents write business for a single company like State Farm, Allstate and AAA. These agents are unable to provide prices from multiple companies so it’s a take it or leave it situation. Exclusive agents are very knowledgeable on sales techniques which helps overcome the inability to quote other rates.

The following is a list of exclusive insurance agencies in Minneapolis that are able to give rate quotes.

View more Minneapolis agents

Selecting an insurance agency should include more criteria than just the price. Here are some questions you might want to ask.

• Does the agent have a valid license to sell insurance in Minnesota?
• How would your car be valued if totaled?
• Do they review policy coverages at every renewal?
• Which companies can they place coverage with?
• Do the agents have professional certifications like CPCU or CIC?
• What is their Better Business Bureau rating?
• Are they involved in claim handling?

Which auto insurance company is best in Minneapolis?

Choosing a good quality company is difficult considering how many companies are available to choose from in Minnesota. The ranking data in the lists below can help you pick which car insurance providers to look at shopping prices with.

Top 10 Minneapolis Car Insurance Companies Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. State Farm
5. Liberty Mutual
6. Allstate
7. Safeco Insurance
8. 21st Century
9. Travelers
10. Titan Insurance

Top 10 Minneapolis Car Insurance Companies Ranked by Customer Service

1. Mercury Insurance
2. Nationwide
3. State Farm
4. Safeco Insurance
5. American Family
6. Titan Insurance
7. Travelers
8. Liberty Mutual
9. GEICO
10. Allstate

You can lower your insurance rates

As you shop your coverage around, it’s not a good idea to buy poor coverage just to save money. There are a lot of situations where an insured cut collision coverage only to find out that the few dollars in savings costed them thousands. Your goal should be to buy a smart amount of coverage at the best price but still have enough coverage for asset protection.

A few companies may not have the ability to get quotes online and these small insurance companies only sell through independent agents. Lower-priced insurance in Minneapolis can be sourced both online and also from your neighborhood Minneapolis agents, and you should compare price quotes from both to get a complete price analysis.

How to quote cheaper Audi A5 insurance in Minneapolis

If your goal is the lowest price, then the best way to find lower priced Audi A5 insurance in Minneapolis is to start doing an annual price comparison from providers that insure vehicles in Minnesota. You can shop around by following these guidelines.

First, try to learn a little about policy coverages and the steps you can take to keep rates low. Many risk factors that cause high rates such as traffic violations and a not-so-good credit score can be remedied by making minor changes to your lifestyle.

Second, compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO or Allstate, while independent agencies can provide rate quotes from many different companies. Click to view companies

Third, compare the new quotes to your existing policy to see if cheaper A5 coverage is available. If you can save money and change companies, ensure there is no coverage lapse between policies.

The key aspect of shopping around is that you use the same physical damage deductibles and liability limits on every quote request and to quote with as many auto insurance providers as possible. This ensures a fair price comparison and the best price quote selection.

Additional insurance information is located at the links below

• Insuring a Leased Car (Insurance Information Institute)
• What Car Insurance is Cheapest for a Nissan Altima in Minneapolis? (FAQ)
• What Car Insurance is Cheapest for a Honda Accord in Minneapolis? (FAQ)
• How Much is Minneapolis Car Insurance for a 20 Year Old Male? (FAQ)
• Who Has Cheap Auto Insurance Rates for Seniors in Minneapolis? (FAQ)
• Choosing an Insurance Company (Insurance Information Institute)
• What if I Can’t Find Coverage? (Insurance Information Institute)