Audi S4 Insurance Quotes in Lexington

Trying to come up with a payment for overpriced car insurance can deplete your bank account and force you to tighten up your finances. Shopping your coverage around is free, only takes a few minutes, and is a good way to reduce premiums and put more money in your pocket.

We don’t have to tell you that car insurance companies don’t want you shop around. People who shop around for the cheapest rate are likely to move their business because there is a good chance of finding more affordable rates. Surprisingly, a recent survey revealed that drivers who regularly compared rates saved over $865 a year compared to drivers who never shopped around for lower prices.

If finding the cheapest price for car insurance in Lexington is your intention, knowing the best ways to find and compare insurance coverage can help make the process easier and more efficient. Numerous insurers battle for your insurance dollar, so it can be very hard to choose a provider and uncover the absolute best rate on Audi S4 insurance in Lexington.

If you already have coverage or just want cheaper rates, use these tips to get lower rates without reducing coverage. Locating the best insurance company for you in Lexington is not rocket science. Shoppers just have to understand the tricks to shop for auto insurance instantly.

The providers in the list below are ready to provide comparison quotes in Lexington, KY. If you want to find cheap auto insurance in Lexington, it’s highly recommended you visit as many as you can to find the lowest car insurance rates.

Three reasons to insure your Audi S4

Despite the fact that car insurance is not cheap in Lexington, car insurance is mandatory in Kentucky but it also protects more than you think.

• Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific limits of liability in order to license the vehicle. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you have a loan on your Audi, more than likely the lender will make it mandatory that you have physical damage coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank may insure your Audi at an extremely high rate and force you to pay for the expensive policy.
• Car insurance protects both your Audi S4 and your assets. It will also reimburse you for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay attorney fees if you are sued as the result of your driving. If mother nature or an accident damages your car, your policy will pay to repair the damage minus the deductible amount.

The benefits of having insurance more than cancel out the cost, particularly when you have a large claim. But the average American driver is overpaying over $800 each year so shop around once a year at a minimum to be sure current rates are still competitive.

Rate information and statistics

The table shown next highlights a range of coverage costs for Audi S4 models. Understanding more about how insurance quotes are calculated is important for you to make smart choices when choosing a car insurance company.

Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rates do not factor in zip code location which can lower or raise premium rates substantially.

Deductible comparison

When comparing car insurance rates, the most common question is how low should you set your deductibles. The following tables outline the differences in price when you select higher and lower physical damage coverage deductibles. The first price estimate table uses a $100 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Price estimates do not factor in specific location which can change auto insurance rates considerably.

We can estimate from the data above that using a $100 deductible would cost the average driver about $47 more each month or $564 a year across all Audi S4 models than quoting the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have more than 19 months between claim filings, you would probably be better off by going with a higher deductible. The table below shows the way you can do this calculation yourself.

Drive responsibly or pay higher rates

The chart below illustrates how traffic citations and at-fault collisions can increase Audi S4 insurance costs for each different age category. The premium estimates are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

Full coverage rates compared to liability-only

The diagram below illustrates the comparison of Audi S4 auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes a clean driving record, no claims, $250 deductibles, single status, and no policy discounts are applied.

When to buy liability coverage only

There is no clear-cut rule of when to eliminate full coverage, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s say your Audi S4 replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $8,000 after you pay the deductible. If you are paying more than $800 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some cases where dropping physical damage coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should maintain full coverage.

Affordable Lexington insurance rates with discounts

Companies offering auto insurance don’t necessarily list the complete list of policy discounts in a way that’s easy to find, so here is a list a few of the more common and also the more inconspicuous credits available to bring down your rates.

• Low Mileage – Keeping the miles down on your Audi may enable drivers to earn lower rates due to less chance of an accident.
• Driver’s Ed – Teen drivers should successfully complete driver’s ed class if offered at their school.
• Paperwork-free – Certain larger companies give back up to $50 for buying a policy and signing up online.
• Employee of Federal Government – Simply working for the federal government could provide a small rate reduction with certain companies.
• Driver Training Discounts – Completing a safe driver course could cut 5% off your bill and easily recoup the cost of the course.
• Military Deployment Discount – Being deployed with a military unit could trigger a small discount.
• Policy Bundle Discount – When you have multiple policies and insure them with the same company you could earn a discount of over 10 percent off each policy depending on the company.
• Smart Student Discounts – Being a good student may save you up to 25%. You can use this discount normally up to age 25.
• Senior Discount – Older drivers may be able to get a slight reduction on a Lexington car insurance quote.

Don’t be surprised that most discounts do not apply to your bottom line cost. Most only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like it’s possible to get free car insurance, you aren’t that lucky.

The illustration below illustrates the comparison of Audi S4 insurance rates with and without discounts. The data assumes a female driver, a clean driving record, no claims, Kentucky state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, marriage, homeowner, multi-policy, and safe-driver discounts applied.

Larger insurance companies and some of the discounts are:

• State Farm offers discounts including Drive Safe & Save, Steer Clear safe driver discount, good driver, student away at school, multiple autos, and passive restraint.
• GEICO offers premium reductions for emergency military deployment, multi-policy, air bags, driver training, and anti-theft.
• Progressive offers discounts for good student, online quote discount, multi-vehicle, continuous coverage, homeowner, and multi-policy.
• 21st Century policyholders can earn discounts including teen driver, defensive driver, student driver, homeowners, good student, and early bird.
• American Family includes discounts for multi-vehicle, early bird, air bags, mySafetyValet, and accident-free.
• The Hartford has savings for driver training, good student, defensive driver, bundle, and air bag.
• AAA may include discounts for good student, education and occupation, multi-policy, multi-car, anti-theft, AAA membership discount, and good driver.

Before buying, ask each insurance company how many discounts you can get. A few discounts might not apply in Lexington. If you would like to view providers who offer discounts in Lexington, follow this link.

What is the best auto insurance company in Lexington?

Ending up with the right auto insurance company can be rather challenging considering how many different insurance companies sell coverage in Kentucky. The company ratings displayed below may help you analyze which companies to look at when comparing rates.

Top 10 Lexington Car Insurance Companies Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. Erie Insurance
8. The General
9. Esurance
10. 21st Century