How Much Does 2014 Audi SQ5 Car Insurance Cost?

Trying to find better insurance rates for your Audi SQ5? Overpriced insurance can empty your monthly budget and force you to make sacrifices. Comparing rates annually is a great way to lower your bills every month.

Many auto insurance companies compete to insure your vehicles, so it’s not easy to compare every provider to get the best rates possible.

It’s a great practice to compare rates yearly because prices are adjusted regularly by insurance companies. Just because you found the lowest rate on SQ5 insurance two years ago other companies may now be cheaper. Block out anything you think you know about insurance because we’re going to demonstrate how to quote online to properly buy coverages while reducing your premium.

Save a ton by earning discounts

Auto insurance companies don’t always advertise all their discounts very well, so the list below contains some of the more common and also the more inconspicuous insurance coverage savings.

  • Senior Citizen Discount – Drivers that qualify as senior citizens could receive better insurance coverage rates on SQ5 insurance.
  • Professional Organizations – Belonging to qualifying employment or professional organizations could earn you a nice discount on your policy.
  • Accident Forgiveness – This isn’t a discount exactly, but some companies like State Farm and Allstate will allow you to have one accident before raising your premiums so long as you are claim-free for a particular time prior to the accident.
  • Military Rewards – Having a family member in the military could mean lower rates.
  • Distant College Student Discount – Any of your kids who are enrolled in higher education away from home and do not have access to a covered vehicle may qualify for this discount.
  • Save with More Vehicles Insured – Buying a policy with more than one vehicle with the same company may reduce the rate for each vehicle.
  • Student Discount for Driver Training – Teen drivers should take driver’s ed class as it will make them better drivers and lower rates.
  • New Car Discount – Buying insurance on a new vehicle can cost up to 25% less because new model year vehicles are generally safer.
  • Use Seat Belts – Drivers who always wear seat belts and also require passengers to buckle up can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
  • Smart Student Discounts – Being a good student can be rewarded with saving of up to 25%. Earning this discount can benefit you until age 25.

As a disclaimer on discounts, some of the credits will not apply to all coverage premiums. A few only apply to individual premiums such as comp or med pay. If you do the math and it seems like you can get free auto insurance, you won’t be that lucky.

Companies that may offer policyholders these discounts include:

It’s a good idea to ask each insurance company which discounts can lower your rates. Some discounts might not apply in your area.

Informed consumers know how to buy car insurance at a discount

Many different elements are considered when you get your auto insurance bill. Some of the criteria are obvious such as your driving history, but others are less apparent such as your marital status or your vehicle rating.One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that play a part in calculating car insurance rates. When you understand what positively or negatively impacts your premiums, this helps enable you to make changes that may result in cheaper rates.

Shown below are a partial list of the pieces used by your company to calculate premiums.

  • Raise coverage deductibles and save – Comprehensive and collision coverage deductibles define how much you are required to pay if a claim is determined to be covered. Physical damage insurance, also called ‘full coverage’, covers damage that occurs to your car. A few examples of covered claims are collision with another vehicle, hail damage, and damage caused by road hazards. The more expense you have to pay, the less your company will charge you for insurance on SQ5 insurance.
  • Women tend to be lower risk – Over the last 50 years, statistics have shown that women are safer drivers than men. That doesn’t necessarily mean that females are better drivers. Women and men have auto accidents at about the same rate, but the men tend to have higher claims. In addition to higher claims, males also receive more major tickets such as reckless driving.
  • Annual mileage and car insurance costs – The higher the mileage driven in a year the more you’ll pay to insure your vehicle. A lot of insurance companies rate vehicles based upon how the vehicle is primarily used. Autos that sit idle most of the time cost less to insure than vehicles that have high annual mileage. Having an incorrect usage rating on your SQ5 is throwing money out the window. Make sure your declarations sheet correctly shows the correct driver usage, because it can save money.
  • Big cities mean more claims – Choosing to live in less populated areas of the country is a positive aspect when talking about car insurance. Drivers who live in large cities regularly have more road rage incidents and much longer commute distances. Fewer people means reduced accidents as well as less vandalism and auto theft.
  • How credit rating affects car insurance premiums – Having a good credit history can be an important factor in determining what you pay. Consumers who have very good credit scores tend to file fewer claims than those with lower credit scores. If your credit is not that good, you could pay less to insure your 2014 Audi SQ5 if you improve your credit rating.
  • Traffic violations drive up premiums – Drivers with clean records pay lower auto insurance prices compared to drivers with tickets. Even a single driving citation may increase your cost forty percent or more. Drivers unfortunate enough to have serious tickets like reckless driving, hit and run or driving under the influence may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to continue driving.
  • Combine and save – Most larger car insurance companies provide discounts to customers who have multiple policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s always a smart idea to check prices from other companies to guarantee you are still saving the most.There is a chance you can save even more by buying insurance from more than one company.

Your insurance coverage coverage should be tailored to you

When it comes to choosing adequate coverage for your personal vehicles, there really is no one size fits all plan. Everyone’s needs are different so this has to be addressed. For example, these questions could help you determine whether you may require specific advice.

  • Do I need motorclub coverage?
  • How can I find cheaper teen driver insurance?
  • What is high-risk coverage and where do I buy it?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Am I insured when driving a different vehicle?
  • Where can I get insurance after a DUI in my state?
  • What is no-fault insurance?
  • What exactly is covered by my policy?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Car insurance myths debunked

Respected companies like State Farm, GEICO and Progressive constantly bombard you with television and radio advertisements. They all advertise the message that people will save if you just switch your car insurance policy to them. How is it plausible that every one can cost less than your current company? Just pay attention to how they say it.

Insurance companies require specific criteria for the type of customer that earns them the highest profit. A good example of a preferred risk might have to be over age 30, has had continuous coverage, and chooses high deductibles. Anybody that matches those criteria will get low premium rates and will probably cut their rates if they switch.

Potential customers who don’t measure up to this stringent profile will be quoted higher rates which results in business not being written. The trick is to say “people that switch” not “all people who quote” save that much when switching. This is how insurance companies can confidently lure you into getting a quote.

Because of the profiling, drivers must do a quote comparison often. Because you never know the company that will have the lowest auto insurance rates for your situation.

Auto insurance coverage breakdown

Learning about specific coverages of your auto insurance policy aids in choosing the right coverages for your vehicles. The terms used in a policy can be confusing and reading a policy is terribly boring. Listed below are the usual coverages found on the average auto insurance policy.

Comprehensive coverage

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as rock chips in glass, hitting a bird and hitting a deer. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision insurance

This covers damage to your SQ5 resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things such as colliding with a tree, driving through your garage door, backing into a parked car and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage

This gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Frequently these coverages do not exceed the liability coverage limits.

Liability coverages

Liability insurance will cover damage that occurs to other’s property or people by causing an accident. It protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims like medical expenses, loss of income and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but buy as high a limit as you can afford.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as chiropractic care, pain medications, rehabilitation expenses, doctor visits and surgery. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover you and your occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

A little work can save a LOT of money

Cheaper insurance can be bought from both online companies in addition to local insurance agencies, and you need to comparison shop both to have the best chance of lowering rates. There are still a few companies who may not offer rate quotes online and many times these regional insurance providers prefer to sell through local independent agents.

We just presented a lot of information how to reduce 2014 Audi SQ5 insurance premium rates online. The key thing to remember is the more times you quote, the better likelihood of getting cheaper insurance. Consumers may even find the biggest savings come from the least-expected company. These companies may only write in your state and offer lower prices than their larger competitors like Progressive and GEICO.

For more information, take a look at the resources below: