Cheap Insurance for an Audi A5 in Anchorage

Shockingly, over 70% of drivers kept buying from the same company for more than four years, and nearly half have never shopped around. Anchorage consumers can save approximately $368 each year, but most tend to underestimate the rate savings if they switched to a more affordable policy.

Insurance rates Audi A5 in AnchorageIf you want to save the most money, the best way to find low-cost Audi A5 insurance is to make a habit of comparing prices annually from companies who sell auto insurance in Anchorage.

Step 1: Try to comprehend the different coverages in a policy and the things you can control to prevent rate increases. Many rating factors that cause rate increases such as speeding tickets, careless driving and an unacceptable credit score can be amended by improving your driving habits or financial responsibility. Keep reading for tips to keep prices down and earn larger discounts.

Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like GEICO or Allstate, while independent agents can quote prices for many different companies.

Step 3: Compare the new rates to your existing policy to determine if switching companies saves money. If you find better rates, make sure there is no lapse in coverage.

Step 4: Give proper notification to your current agent or company to cancel your existing policy and submit a completed application and payment to the newly selected company. As soon as coverage is bound, store the certificate verifying proof of insurance with your vehicle’s registration.

One key aspect of rate comparisons is to use the same coverage limits and deductibles on every quote request and and to compare all possible companies. This guarantees a level playing field and and a good selection of different prices.

The purpose of this post is to tell you the best methods to compare rates and how you can save the most money. If you are insured now, you will be able to reduce the price you pay using this strategy. Drivers just need to use the fastest way to shop from many companies at once.

The companies in the list below have been selected to offer price comparisons in Anchorage, AK. In order to find the cheapest auto insurance in Alaska, we recommend you visit as many as you can to find the most affordable auto insurance rates.

Choosing A5 insurance is an important decision

Even though Anchorage A5 insurance rates can get expensive, buying auto insurance may be required for several reasons.

The benefits of carrying adequate insurance definitely exceed the price paid, particularly if you ever have a claim. Unknowingly, the average driver is overpaying over $810 a year so compare quotes from several companies every year to ensure rates are inline.

Audi A5 insurance statistics and information

The table shown below covers estimates of insurance premium costs for Audi A5 models. Having a good grasp of how insurance rates are figured can assist in making decisions when choosing a new policy provider.

Audi A5 Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A5 2.0T Quattro Premium 2-Dr Coupe $244 $388 $302 $18 $90 $1,042 $87
A5 2.0T Quattro Premium Plus 2-Dr Coupe $244 $388 $302 $18 $90 $1,042 $87
A5 3.2 Quattro Prestige 2-Dr Coupe $244 $438 $302 $18 $90 $1,092 $91
A5 3.2 Quattro Premium Plus 2-Dr Coupe $244 $438 $302 $18 $90 $1,092 $91
A5 2.0T Quattro Prestige 2-Dr Coupe $244 $438 $302 $18 $90 $1,092 $91
A5 2.0T Premium 2-Dr Convertible $244 $438 $356 $22 $106 $1,166 $97
A5 2.0T Premium Plus 2-Dr Convertible $244 $438 $356 $22 $106 $1,166 $97
A5 2.0T Quattro Prestige S-Line 2-Dr Coupe $270 $438 $302 $18 $90 $1,118 $93
A5 2.0T Prestige S-Line 2-Dr Convertible $270 $438 $356 $22 $106 $1,192 $99
A5 2.0T Prestige 2-Dr Convertible $270 $438 $356 $22 $106 $1,192 $99
A5 3.2 Quattro Prestige S-Line 2-Dr Coupe $270 $490 $302 $18 $90 $1,170 $98
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Prices do not factor in vehicle garaging location which can affect insurance rates substantially.

Insurance premiums for males and females

The chart below illustrates the difference between Audi A5 premium costs for male and female drivers. The data assumes no accidents or driving violations, full physical damage coverage, $100 deductibles, single marital status, and no policy discounts are applied.

Audi A5 liability-only versus full coverage

The illustration below shows the comparison of Audi A5 annual premium costs with full physical damage coverage compared to only buying liability only. The data assumes a clean driving record, no claims, $500 deductibles, marital status is single, and no discounts are applied to the premium.

When to stop paying for full coverage

There is no exact rule of when to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

For example, let’s pretend your Audi A5 replacement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,000 after the policy deductible has been paid. If you are paying in excess of $800 a year for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some circumstances where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not remove full coverage.

Audi A5 insurance discounts in Anchorage

Properly insuring your vehicles can get expensive, but you may qualify for discounts that could help you make your next renewal payment. Certain reductions will be credited at the time of purchase, but less common discounts must be specially asked for before you get the savings.Cheaper auto insurance with discounts

You should keep in mind that some credits don’t apply to your bottom line cost. Most only apply to the cost of specific coverages such as medical payments or collision. Even though it may seem like adding up those discounts means a free policy, it doesn’t quite work that way.

The illustration below visualizes the comparison of Audi A5 yearly insurance costs with and without discounts applied to the policy premium. The premiums assume a female driver, no violations or accidents, Alaska state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, homeowner, multi-policy, multi-car, and claim-free discounts applied.

If you would like to choose from a list of insurers with the best discounts in Anchorage, click here to view.