Car Insurance Quotes for an Audi A5 in Portland

It’s safe to assume that auto insurance companies don’t want you to look at other companies. Insureds who shop around for cheaper rates are highly likely to buy a new policy because of the high probability of finding discount prices. A study showed that people who make a habit of shopping around saved about $865 a year compared to other drivers who don’t make a habit of comparing rates.

If finding the best price on Audi A5 insurance is your objective, then learning about how to find companies and compare cheaper coverage can make shopping around easier.

If you want to save money, the best way to find cheaper Audi A5 insurance in Portland is to compare prices once a year from different companies that sell auto insurance in Oregon.

• Step 1: It will benefit you to learn about how insurance works and the modifications you can make to drop your rates. Many policy risk factors that cause high rates like high-risk driving behaviors and poor credit can be eliminated by making minor changes to your lifestyle. Later in this article we will cover additional ideas to get cheaper rates and find discounts that you may qualify for.
• Step 2: Request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and State Farm, while agents who are independent can provide prices for many different companies. Select a company
• Step 3: Compare the price quotes to your existing policy and see if there is a cheaper rate. If you find better rates and switch companies, make sure coverage is continuous and does not lapse.
• Step 4: Provide written notification to your current company of your intent to cancel your existing policy and submit the signed application along with the required initial payment for your new policy. As soon as you receive it, keep your new certificate verifying proof of insurance in a readily accessible location in your vehicle.

A tip to remember is that you’ll want to make sure you compare identical limits and deductibles on every price quote and and to get price estimates from as many carriers as you can. This guarantees an apples-to-apples comparison and a complete price analysis.

Cheapest car insurance in Portland, OR

The car insurance companies shown below are our best choices to provide comparison quotes in Oregon. To get cheap car insurance in Oregon, it’s a good idea that you visit as many as you can in order to get a fair rate comparison.

Rate information and statistics

The information shown next highlights different insurance prices for Audi A5 models. Being aware of how insurance prices are figured can be of help when making smart choices when selecting a coverage provider.

Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Estimates do not factor in vehicle garaging location which can impact premiums noticeably.

How high should deductibles be?

One of the hardest decisions when shopping for insurance is how high or low should comp and collision deductibles be. The tables below may help you to understand the price difference between low and high physical damage coverage deductibles. The first data table uses a $100 physical damage coverage deductible and the second data table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Price information does not factor in garaging location in Portland which can affect premium rates significantly.

Based on the above data, using a $100 deductible costs roughly $45 more each month or $540 each year than quoting the higher $1,000 deductible. Because you would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average more than 20 months between claims, you would come out ahead if you elect the higher deductible. Here is a better example of how this calculation is made.

One thing to be aware of is that raising deductibles results in a higher out-of-pocket expense when you have a comprehensive or collision claim. You must have access to more funds in the event you have to pay more for the deductible.

The chart below shows how choosing a deductible and can raise or lower Audi A5 insurance prices for each age group. The prices are based on a married female driver, full coverage, and no other discounts are factored in.

Rate increases following a ticket or accident

The illustration below illustrates how traffic citations and at-fault accidents can increase Audi A5 auto insurance rates for each different age group. The rates are based on a single female driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.

Insurance prices based on gender

The information below visualizes the comparison of Audi A5 yearly insurance costs for male and female drivers. The data assumes no accidents or driving violations, full physical damage coverage, $100 deductibles, drivers are single, and no discounts are factored in.

Cost of full coverage

The example below shows the difference between Audi A5 annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no claims or driving citations, $100 deductibles, single marital status, and no discounts are applied to the premium.

When to stop buying comprehensive and collision coverage

There is no clear-cut formula to delete physical damage coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% 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 A5 claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,000 after paying the physical damage deductible. If you are paying in excess of $500 a year to have full coverage, then it might be time to buy liability only.

There are some situations where eliminating full coverage is not a good idea. If you still have a loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

Smart Buyers Can Lower Their Insurance Costs

The best way to find cheaper insurance is to take a look at the rating factors that help determine your premiums. When you know what positively or negatively impacts premium levels, this empowers consumers to make smart changes that can earn you lower insurance prices. Many things are used when you get a price on insurance. Some factors are common sense such as traffic violations, but some are more obscure such as your credit history or your financial responsibility.

The itemized list below are some of the things insurance companies consider when setting your premiums.

Rural areas have lower prices – Being located in areas with lower population is a good thing when insuring your vehicles. Less people living in that area means fewer accidents in addition to lower liability claims. People who live in big cities regularly have more traffic problems and longer commutes to work. The longer drive time means more chance of being in an accident.

Better credit means lower prices – Having a bad credit score is a large factor in determining what you pay. Drivers with very high credit ratings tend to be more responsible than drivers who have worse credit. If your credit is lower than you’d like, you could potentially save money when insuring your Audi A5 by improving your credit score.

Higher rates for policy lapses – Having an insurance coverage lapse can be a quick way to trigger a rate increase. In addition to paying higher premiums, not being able to provide proof of insurance will get you a fine, jail time, or a revoked license.

Eliminate unneeded incidental coverages – There are quite a few extra bells and whistles that can add up if you don’t pay attention. Add-on coverages like rental car coverage, towing coverage, and extra equipment coverage could be just wasting money. These may sound like a good investment at first, but if they’re wasting money get rid of them and save.

Discounts for multiple policies – Most larger insurance companies afford lower prices to policyholders that buy multiple policies such as combining an auto and homeowners policy. Even if you’re getting this discount it’s still a good idea to comparison shop to ensure the best deal.

More performance means more cost – The type of car or truck you drive makes a substantial difference in the rate you pay. The most favorable rates are usually found on small economy passenger cars, but the final cost of insurance is determined by many other factors.

The chart below is based on a married male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Audi A5 rates compared to other makes and models that have a range of performance rating factors.

Cheap rates for being claim-free – If you tend to file frequent claims, you can pretty much guarantee either policy cancellation or increased premiums. Auto insurance companies in Oregon provide the best rates to drivers who only file infrequent claims. Insurance coverage is intended to be relied upon for more catastrophic claims.

Loss probability for an Audi A5 – Insurance companies factor in historical loss data to determine a price that will be profitable for them. Vehicles that are shown to have higher loss trends will cost more for specific coverages. The table below illustrates the insurance loss data for Audi A5 vehicles.

For each type of coverage, the claim amount for all vehicles compiled together is considered to be 100. Numbers shown that are under 100 suggest losses that are better than average, while numbers above 100 point to more losses or tendency to have higher losses.

Do you qualify for discounts?

Companies that sell car insurance don’t list all available discounts very well, so the list below gives a summary of both well-publicized as well as some of the hidden discounts you could be receiving when you buy Portland auto insurance online. If you check and find you aren’t receiving every discount possible, you may be paying too high a price.

• Good Drivers – Drivers without accidents can save up to 40% or more on their Portland auto insurance quote as compared to drivers with claims.
• Discount for Home Ownership – Just being a homeowner may earn you a small savings because it requires personal responsibility.
• Accident Waiver – Not necessarily a discount, but companies like GEICO and Liberty Mutual will turn a blind eye to one accident without raising rates as long as you don’t have any claims prior to the accident.
• Discount for New Cars – Adding a new car to your policy can save you some money since newer models have better safety ratings.
• Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school.
• Defensive Driver Discounts – Participating in a course teaching driver safety skills could cut 5% off your bill and easily pay for the cost of the class.
• Senior Citizen Rates – Mature drivers can possibly qualify for a small discount on rates.
• Good Student – A discount for being a good student can earn a discount of 20% or more. Many companies even apply the discount to college students up to age 25.
• Passenger Safety Discount – Cars that have air bags may qualify for discounts of 20% or more.
• Driving Data Discount – Drivers who elect to allow data collection to study when and where they use their vehicle by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates as long as they are good drivers.

Discounts save money, but please remember that most discounts do not apply to the whole policy. A few only apply to specific coverage prices like physical damage coverage or medical payments. If you do the math and it seems like having all the discounts means you get insurance for free, you’re out of luck.

The information below illustrates the comparison of Audi A5 premium costs with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no accidents or driving violations, Oregon state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, homeowner, safe-driver, claim-free, and marriage discounts applied.

A list of companies and some of the discounts can be found below.

• State Farm policyholders can earn discounts including Drive Safe & Save, safe vehicle, defensive driving training, good driver, and multiple autos.
• GEICO offers discounts including multi-vehicle, seat belt use, federal employee, anti-theft, and defensive driver.
• Allstate includes discounts for farm vehicle, anti-theft, auto/life discount, passive restraint, teenSMART discount, anti-lock brakes, and premier plus.
• SAFECO discounts include anti-lock brakes, homeowner, teen safe driver, safe driver, and accident prevention training.
• Farm Bureau offers discounts for 55 and retired, youthful driver, renewal discount, safe driver, good student, multi-policy, and driver training.
• Progressive has savings for continuous coverage, multi-vehicle, online quote discount, homeowner, multi-policy, and good student.
• AAA offers premium reductions for multi-policy, AAA membership discount, good student, pay-in-full, good driver, anti-theft, and education and occupation.

When quoting, ask each insurance company what discounts are available to you. Some discounts may not apply to policyholders in your state. To find providers with significant discounts in Portland, click here to view.

Are insurance agencies a thing of the past?

A lot of people would prefer to go talk to an agent and we recommend doing that Most agents will help you protect your assets and help file insurance claims. An additional benefit of comparing insurance prices online is the fact that you can find better rates and still have a local agent. And supporting neighborhood insurance agencies is important particularly in Portland.

To help locate an agent, after submitting this simple form, your insurance coverage information is instantly submitted to participating agents in Portland that give free quotes to get your business. You never need to even leave your home as quotes are delivered directly to you. If you want to compare prices from a particular provider, feel free to visit that company’s website and fill out the quote form the provide.

Choosing a provider shouldn’t rely on just the price. Below are some questions you should ask.

• Do they make recommendations based only on price?
• Do they offer rental car reimbursement?
• Does the agent have professional designations like CIC, CPCU or AIC?
• How much experience to they have in personal lines coverages?
• Who is covered by the car insurance policy?
• Is the agency covered by Errors and Omissions coverage?

Which auto insurance company is best in Portland?

Ending up with a good quality insurer is hard considering how many companies there are in Portland. The rank data in the next section can help you decide which auto insurers to look at when comparing rates.

Top 10 Portland Car Insurance Companies Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. Titan Insurance
5. The General
6. AAA Insurance
7. State Farm
8. Mercury Insurance
9. Nationwide
10. Safeco

Top 10 Portland Car Insurance Companies by A.M. Best Rank

1. USAA – A++
2. Travelers – A++
3. GEICO – A++
4. State Farm – A++
5. The Hartford – A+
6. Esurance – A+
7. Nationwide – A+
8. Allstate – A+
9. Mercury Insurance – A+
10. Titan Insurance – A+

Affordable car insurance rates are out there

When getting Portland auto insurance quotes online, don’t be tempted to skimp on coverage in order to save money. In many instances, someone sacrificed uninsured motorist or liability limits and learned later that it was a big mistake. The aim is to buy a smart amount of coverage at the best possible price while not skimping on critical coverages.

Lower-priced Audi A5 insurance in Portland is available both online and with local Portland insurance agents, and you should compare rates from both to get a complete price analysis. Some insurance companies don’t offer the ability to get quotes online and most of the time these small, regional companies only sell through local independent agents.

You just read some good ideas how you can get a better price on Audi A5 insurance in Portland. It’s most important to understand that the more you quote Portland auto insurance, the better likelihood of getting cheaper Portland auto insurance quotes. You may even discover the lowest auto insurance rates are with a smaller regional carrier. Smaller companies often have lower premium rates on specific markets as compared to the big name companies such as GEICO and State Farm.

Helpful articles

• Vehicle Safety Ratings (iihs.org)
• How Much are Car Insurance Quotes for Seniors in Portland? (FAQ)
• Who Has Cheap Portland Auto Insurance Quotes for College Graduates? (FAQ)
• All About Airbag Safety (State Farm)
• State Laws for Cellphones and Texting (iihs.org)
• Tools for Teen Driving Safety (State Farm)