Best Rates for Audi Q5 Insurance in Lexington

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Insurance rates Audi Q5 in LexingtonAre you searching for cheaper insurance rates in Lexington, KY? Lexington drivers have lots of choices when trying to find the lowest priced Audi Q5 insurance. They can either spend hours contacting agents to get rate comparisons or save time using the internet to compare rates. There is a better way to shop for insurance and you need to know the quickest way to compare rates on a Audi and locate the lowest price from Lexington insurance agents and online providers.

If you are insured now or need new coverage, use these cost-cutting techniques to get lower rates and still get good coverage. This information will familiarize you with how to get online quotes and also pocket some savings Drivers just need to use the quickest method to quote multiple rates from many companies at once.

The best way to compare car insurance company rates for Audi Q5 insurance in Lexington is to realize almost all companies participate in online systems to give rate comparisons. All you need to do is provide a little information including which vehicles you own, marital status, whether the vehicles are used for commuting, and how many miles driven. Your details is instantly sent to many different companies and they return rate quotes instantly to find the best rate.

To start a rate quote now, click here and find out if you can get cheaper insurance in Lexington.

The providers in the list below are our best choices to provide free quotes in Lexington, KY. If you want to find cheaper auto insurance in Kentucky, we suggest you compare several of them in order to get a fair rate comparison.

Lower rates by qualifying for discounts

Companies that sell car insurance don't list their entire list of discounts in a way that's easy to find, so here is a list a few of the more well known and the harder-to-find credits available to you. If you do not check that you are getting every discount you deserve, you could be saving more on your auto insurance.Discount auto insurance

  • Claim-Free Discount - Good drivers with no accidents can save substantially when compared with accident-prone drivers.
  • Good Student Discount - A discount for being a good student can earn a discount of 20% or more. The discount lasts until age 25.
  • Professional Organizations - Joining specific professional or occupational memberships or organizations can get you a small discount when getting a Lexington car insurance quote.
  • Air Bags and Passive Restraints - Options like air bags or automatic seat belts may earn rate discounts of 25 to 30%.
  • Paperwork-free - A few larger online companies provide a small discount for completing your application on your computer.
  • Accident Forgiveness Coverage - Not necessarily a discount, but some insurance companies will let one accident slide before raising your premiums as long as you don't have any claims for a set time period.
  • Own a Home and Save - Owning a home in Lexington can get you a discount because it demonstrates responsibility.

While discounts sound great, it's important to understand that most discounts do not apply to the whole policy. Most only apply to specific coverage prices like medical payments or collision. Just because you may think all the discounts add up to a free policy, you aren't that lucky.

The information below shows the difference between Audi Q5 car insurance rates with and without discounts. The premiums are based on a male driver, no violations or accidents, Kentucky 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 homeowner, claim-free, marriage, multi-car, multi-policy, and safe-driver discounts applied.

Companies and the discounts they provide are:

  • American Family has savings for air bags, good student, TimeAway discount, accident-free, bundled insurance, and multi-vehicle.
  • Nationwide has discounts for business or organization, accident-free, anti-theft, easy pay, defensive driving, good student, and multi-policy.
  • MetLife discounts include good student, accident-free, good driver, claim-free, and multi-policy.
  • 21st Century includes discounts for good student, automatic seat belts, student driver, defensive driver, theft prevention, driver training, and teen driver.
  • Farmers Insurance may include discounts for bundle discounts, teen driver, switch companies, homeowner, electronic funds transfer, and pay in full.
  • Allstate offers premium reductions for 55 and retired, anti-theft, defensive driver, EZ pay plan discount, passive restraint, and FullPay discount.

If you need the cheapest Audi Q5 rate quotes, ask all the companies how many discounts you can get. All car insurance discounts may not apply everywhere. If you would like to view companies offering auto insurance discounts in Kentucky, click here to view.

Facts and figures for Audi Q5 insurance

The coverage table shown below showcases a range of coverage prices for Audi Q5 models. Learning how policy premiums are figured can assist in making smart choices when selecting a policy.

Audi Q5 Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Q5 3.2 Premium AWD $210 $428 $336 $20 $100 $1,094 $91
Q5 3.2 Premium Plus AWD $234 $428 $336 $20 $100 $1,118 $93
Q5 3.2 Premium Plus S-Line AWD $234 $428 $336 $20 $100 $1,118 $93
Q5 3.2 Prestige AWD $234 $484 $336 $20 $100 $1,174 $98
Q5 3.2 Prestige S-Line AWD $234 $484 $336 $20 $100 $1,174 $98
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Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Table data does not factor in specific zip code location which can influence coverage rates considerably.

Choosing deductibles

When comparing insurance rates, the most common question is at what level do you set your deductibles. The tables below determine the rate differences between high and low physical damage deductibles. The first rate quote example uses a $250 deductible for comp and collision and the second rate chart uses a $500 deductible.

Audi Q5 insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Q5 3.2 Premium AWD $284 $576 $326 $20 $98 $1,329 $111
Q5 3.2 Premium Plus AWD $318 $576 $326 $20 $98 $1,363 $114
Q5 3.2 Premium Plus S-Line AWD $318 $576 $326 $20 $98 $1,363 $114
Q5 3.2 Prestige AWD $318 $652 $326 $20 $98 $1,439 $120
Q5 3.2 Prestige S-Line AWD $318 $652 $326 $20 $98 $1,439 $120
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Audi Q5 insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Q5 3.2 Premium AWD $232 $466 $326 $20 $98 $1,142 $95
Q5 3.2 Premium Plus AWD $258 $466 $326 $20 $98 $1,168 $97
Q5 3.2 Premium Plus S-Line AWD $258 $466 $326 $20 $98 $1,168 $97
Q5 3.2 Prestige AWD $258 $526 $326 $20 $98 $1,228 $102
Q5 3.2 Prestige S-Line AWD $258 $526 $326 $20 $98 $1,228 $102
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Information does not factor in specific Lexington garaging location which can affect price quotes noticeably.

Based on the above data, using a $250 deductible will cost you approximately $17 more each month or $204 a year across all Audi Q5 models than buying the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go at a minimum 15 months between claims, you would probably save some money by going with a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $250 deductibles: $116
Average monthly premium for $500 deductibles (subtract): - $99
Monthly savings from raising deductible: $17
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One big caveat is that increasing deductibles to lower your rates results in having to pay to pay more out-of-pocket when you have a physical damage claim. You should have some money saved in the event you need to pay the deductible to have repairs made.

Insurance prices based on gender

The example below visualizes the comparison of Audi Q5 auto insurance rates for male and female drivers. The data assumes no driving violations, no at-fault accidents, full coverage, $250 deductibles, drivers are single, and no discounts are factored in.

Difference between full coverage and liability only rates

The example below compares Audi Q5 auto insurance costs with liability coverage only compared to full coverage. The rate quotes are based on a clean driving record, no at-fault accidents, $500 deductibles, single status, and no policy discounts are applied.

Should you pay for full coverage or liability only?

There is no clear-cut rule to drop physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let's assume your Audi Q5 replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after the policy deductible has been paid. If premiums are more than $500 a year for comprehensive and collision coverage, then it could be time to drop full coverage.

There are some cases where only buying liability is not a good idea. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should not eliminate full coverage.

What Determines Audi Q5 Insurance Rates?

The best way to find cheaper insurance is to take a look at the factors that help determine the price you pay for insurance. When you know what positively or negatively determines base rates, this enables you to make decisions that can earn you lower insurance prices. Many factors are used when you get a price on insurance. Some of the criteria are obvious such as traffic violations, but others are not quite as obvious such as whether you are married and annual miles driven.

  • Never let your coverage lapse - Driving your car without having proper coverage is illegal and you may have a hard time finding new coverage because you let your insurance lapse. In addition to paying higher rates, the inability to provide proof of insurance will get you fines or a revoked license.
  • Consolidate policies with the same company - The majority of companies apply lower prices to buyers that purchase more than one policy. It's known as a multi-policy discount. Even with this discount applied, you still need to get quotes from other companies to verify if the discount is saving money.There is a good possibility that you can find a better deal even if you insure with multiple companies
  • Liability coverage is important - Your insurance policy's liability coverage will protect you when you are found liable for physical damage or personal injury to other. Your policy's liability insurance provides you with a defense in court starting from day one. Liability insurance is pretty cheap as compared to coverage for physical damage, so do not skimp.
  • High deductibles save money - Comp and collision deductibles define how much you are willing to pay if the claim is covered. Physical damage protection, also called comprehensive and collision insurance, insures against damage to your car. Some examples of covered claims are a windshield broken by a bird, damage caused by hail, and having a roll-over accident. The higher the amount you pay before a claim is paid (deductible), the lower your rates will be.
  • Loss probability for an Audi Q5 - Car insurance companies use statistical claims data to determine a rate that will be profitable for them. Vehicles that statistically have higher claim amounts or frequency will have a higher premium rate. The information below illustrates the compiled insurance loss statistics for Audi Q5 vehicles.

    For each policy coverage type, the loss probability for all vehicles averaged together is represented as 100. Percentages below 100 are indicative of better than average losses, while values that are 100 or greater indicate more frequent losses or a tendency for claims to be larger.

    Audi Q5 Insurance Loss Statistics
    Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Audi Q5 4dr 4WD 143 96 110 61 55 78
    Audi Q5 Hybrid 4dr 4WD 156 165
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Statistics from IIHS.org for 2013-2015 Model Years