Compare Audi A3 Insurance Rate Quotes in Portland

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Have you had enough of scraping the payment together to pay high auto insurance rates every month? You are in the same boat as many other vehicle owners in Oregon.

Discount Audi A3 insuranceAstonishing but true, the vast majority of consumers kept buying from the same company for at least four years, and practically 40% of auto insurance customers have never even compared rates from other companies. Oregon insurance shoppers could save up to 60% a year by just comparing rate quotes, but they underestimate the benefits if they switched to a more affordable policy.

You have so many insurers to buy insurance from, and although it's nice to have a selection, too many choices makes it more difficult to compare company pricing for Audi A3 insurance in Portland.

It's a good idea to price shop coverage periodically because insurance prices fluctuate regularly. If you had the best rate on Audi A3 insurance in Portland a few years ago other companies may now be cheaper. There are a lot of ways to save on A3 insurance on the internet, but in a few minutes you can learn some great ideas on how to lower your auto insurance bill.

Locating the most cost-effective auto insurance policy in Portland is actually very simple if you learn how to start. Virtually anyone who compares rates for auto insurance will more than likely get better rates. But Oregon vehicle owners need to have an understanding of the way insurance companies calculate your auto insurance rates and apply this information to your search.

When quoting auto insurance, remember that comparing a wide range of rates will enable you to find better pricing.

The companies shown below are ready to provide comparison quotes in Portland, OR. To get the best cheap auto insurance in Oregon, it's highly recommended you visit several of them to get the best price comparison.

Rates and information analytics

The table shown next outlines different prices for Audi A3 models. Understanding how premiums are determined is important for drivers to make smart choices when comparing insurance quotes.

Audi A3 Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A3 2.0T Premium Package $132 $302 $362 $22 $108 $926 $77
A3 2.0T Premium Plus Package $132 $302 $362 $22 $108 $926 $77
A3 2.0T Quattro $148 $302 $362 $22 $108 $942 $79
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Premium costs do not factor in your specific Portland location which can lower or raise price quotes greatly.

Analysis of deductible levels

One common question asked by Portland drivers is how low should you set your deductibles. The comparisons below approximate the differences in premium rates when you select higher and lower insurance deductibles. The first set of rates uses a $250 deductible and the second data table uses a $500 deductible.

Audi A3 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A3 2.0T Premium Package $246 $490 $320 $18 $96 $1,195 $100
A3 2.0T Premium Plus Package $246 $490 $320 $18 $96 $1,195 $100
A3 2.0T Quattro $278 $490 $320 $18 $96 $1,227 $102
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Audi A3 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A3 2.0T Premium Package $200 $396 $320 $18 $96 $1,030 $86
A3 2.0T Premium Plus Package $200 $396 $320 $18 $96 $1,030 $86
A3 2.0T Quattro $226 $396 $320 $18 $96 $1,056 $88
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in garaging location in Portland which can modify auto insurance rates greatly.

Using the data above, we can ascertain that using a $250 deductible costs an average of $14 more each month or $168 every year than quoting the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you go at a minimum 18 months between claims, you would most likely save money going with the higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $250 deductibles: $101
Average monthly premium for $500 deductibles (subtract): - $87
Monthly savings from raising deductible: $14
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

An important thing to remember is that increasing deductibles to lower your rates means you will have to pay more when you file a claim. That will force you to have some money saved in the event you have to pay the deductible.

Difference between liability only and full coverage rates

The information below illustrates the comparison of Audi A3 auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Oregon. The costs are based on a clean driving record, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

Should you buy full coverage or liability only?

There is no set guideline that works best for making the decision to drop physical damage insurance, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than about 10% of the vehicle's replacement cost less your deductible, then you might consider buying liability only.

For example, let's pretend your Audi A3 settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after paying the physical damage deductible. If it's costing in excess of $700 a year for your policy with full coverage, then you may want to consider only buying liability coverage.

There are some cases where removing full coverage is not financially feasible. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you can't afford to buy a different vehicle if your current one is totaled, you should not buy liability only.

Insurance Price Influencing Factors

Many different elements are part of the calculation when you get your auto insurance bill. Most are fairly basic such as your driving history, but some are less apparent such as your credit history or how safe your car is.

The list below includes some of the items that factor into your prices.

Too many insurance claims drive up rates - If you frequently file small claims, you can pretty much guarantee higher rates. Insurance companies in Oregon award the best rates to drivers who do not file claims often. Your insurance policy is meant to be used in the event of the bigger claims that can't be paid out-of-pocket.

How credit rating affects auto insurance costs - Having a bad credit history is a large factor in determining what you pay for auto insurance. Consumers who have high credit ratings tend to file fewer claims and have better driving records as compared to drivers with poor credit scores. So if your credit history is not that good, you could save money insuring your Audi A3 by spending a little time repairing your credit.

Extra coverages that aren't used - There are many extra bells and whistles that may not really be needed if you aren't diligent. Add-on coverages like rental car reimbursement, better glass coverage, and extra equipment coverage may be costing you every month. These may sound like a good investment when you first buy your policy, but if you have no use for them eliminate the coverages to reduce your premium.

Big city or small town - Residing in less populated areas of the country has it's advantages when trying to find low car insurance rates. People who live in big cities have congested traffic and higher rates of accident claims. Lower population translates into fewer accident claims and also fewer theft and vandalism claims.

Battle of the sexes - Statistics have proven women are more cautious behind the wheel. However, this does not mean men are WORSE drivers than women. Both sexes are in fender benders in similar numbers, but the men cause more damage and cost insurance companies more money. In addition to higher claims, males also get more serious tickets like DUI and reckless driving. Young men ages 16 to 20 cause the most accidents and therefore are the most expensive to insure.

The example below illustrates the comparison of Audi A3 auto insurance costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, comp and collision included, $100 deductibles, drivers are single, and no discounts are applied.

Audi A3 claim statistics - Insurers use statistical claims data when they calculate premium costs for each model. Models that the data determines to have a trend towards higher claims will cost more to insure. The next table illustrates the insurance loss data used by companies 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. Numbers that are below 100 suggest a better than average loss history, while numbers above 100 show a trend for more claims or larger claims.

Audi A3 Insurance Claim Statistics
Vehicle Make and 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

Insuring your A3 just makes sense

Despite the high cost of buying insurance for a Audi A3 in Portland, paying for car insurance serves several important purposes.

  • Most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability coverage in order to be legal. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
  • If you have a lien on your Audi A3, most lenders will have a requirement that you buy full coverage to ensure they get paid if you total the vehicle. If you default on your policy, the lender may insure your Audi at a much higher premium rate and force you to pay for the expensive policy.
  • Insurance safeguards both your car and your assets. It also can pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of insuring your A3 greatly outweigh the cost, especially with large liability claims. On average, a vehicle owner in Portland is currently overpaying as much as $869 every year so it's very important to do a rate comparison at least once a year to ensure rates are competitive.