Having to pay for pricey auto insurance in Charlotte can drain your personal savings and put the squeeze on your family’s finances. Getting a rate comparison is free and is an excellent way to make ends meet.
It’s easy to assume that auto insurance companies don’t want policyholders to shop around. Drivers who shop for lower rates are very likely to buy a new policy because there is a high probability of finding a lower-cost company. Remarkably, a study showed that people who regularly compared price quotes saved an average of $850 each year compared to people who didn’t regularly shop around.
If saving the most money on insurance in Charlotte is your objective, then having some insight into the best way to shop and compare car insurance can save time and money. Due to the increasing number of online and local companies to choose from, it can be challenging to locate the most cost effective auto insurance company.
You should take the time to shop coverage around periodically since rates are constantly changing. If you had the best rate on Audi S4 insurance in Charlotte a couple years back you can probably find a better price now. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to the easiest way to find better coverage on Audi S4 insurance in Charlotte at a better price.
Buying the cheapest insurance in Charlotte is quite easy. If you have insurance now or are looking for a new policy, you can use these techniques to get lower rates without having to cut coverage. Shoppers just need to use the most efficient way to buy insurance over the internet.
Companies offering Audi S4 insurance in North Carolina
The following companies provide quotes in North Carolina. In order to find cheap car insurance in Charlotte, we suggest you visit two to three different companies to get the most competitive price.
Audi S4 insurance rate analysis
The information displayed next showcases estimates of prices for Audi S4 models. Learning how insurance policy rates are figured can aid in making informed purchases.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|S4 Quattro 4-Dr Sedan||$208||$492||$198||$12||$60||$970||$81|
|S4 Quattro 4-Dr Sedan||$208||$492||$198||$12||$60||$970||$81|
|S4 Quattro 4-Dr Sedan||$228||$492||$198||$12||$60||$990||$83|
|S4 Quattro 4-Dr Sedan||$228||$492||$198||$12||$60||$990||$83|
|Get Your Own Custom Quote Go|
Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price information does not factor in vehicle location which can affect insurance rates considerably.
The information below demonstrates how choosing different deductibles and can increase or decrease Audi S4 annual premium costs for each different age group. The costs are based on a married male driver, comp and collision included, and no discounts are applied to the premium.
Full coverage rates vs. liability-only in Charlotte
The illustration below illustrates the comparison of Audi S4 car insurance rates with full physical damage coverage and with liability coverage only. The data is based on a clean driving record, no claims, $250 deductibles, drivers are not married, and no additional discounts are factored in.
Should you buy full coverage or liability only?
There is no exact formula for phasing out comp and collision coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let’s say your Audi S4 replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $4,000 after paying the physical damage deductible. If it’s costing in excess of $400 a year to have full coverage, then it may be the right time to buy liability only.
There are some scenarios where dropping full coverage is not advised. If you still owe money on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not drop full coverage.
Don’t neglect these discounts on Audi S4 insurance in Charlotte
Some insurance providers don’t list every available discount very clearly, so the below list has both the well known as well as some of the hidden savings tricks you should be using when you buy Charlotte auto insurance online.
- Defensive Driving Course – Taking time to complete a course in defensive driver can save you 5% or more if your company offers it.
- Discounts for Government Workers – Active or retired federal employment can save as much as 8% but check with your company.
- Discounts for New Vehicles – Buying a new car model can be considerably cheaper compared to insuring an older model.
- Early Switch Discount – Some larger companies give discounts for switching policies prior to your current S4 insurance policy expiring. It’s a savings of about 10%.
- Resident Student – College-age children who are attending college without a vehicle on campus can receive lower rates.
- Own a Home and Save – Just owning your own home may earn you a small savings since home ownership requires a higher level of personal finance.
As is typical with insurance, some credits don’t apply to the overall cost of the policy. The majority will only reduce specific coverage prices like collision or personal injury protection. Even though it may seem like you can get free auto insurance, nobody gets a free ride.
The example below illustrates the comparison of Audi S4 auto insurance rates with and without some available policy discounts. The rate quotes are based on a male driver, no violations or accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, multi-policy, safe-driver, and homeowner discounts applied.
To find car insurance companies that offer many of these discounts in North Carolina, click here to view.
Why Informed Consumers Pay Less for Audi S4 Insurance
An important part of buying insurance is that you know the factors that come into play when calculating your policy premiums. If you know what influences your rates, this empowers consumers to make smart changes that can earn you better insurance rates.
Gals tend to take less risk – The statistics show that females take fewer risks when driving. The data does not necessarily mean that men are worse drivers. They both have at-fault accidents in similar percentages, but men get into accidents with more damage. Men also tend to get higher numbers of serious violations like driving under the influence (DUI).
The diagram below shows the comparison of Audi S4 annual premium costs for male and female drivers. The premiums assume no claims or driving violations, comprehensive and collision coverage, $100 deductibles, drivers are single, and no other discounts are factored in.
Put fewer miles on your vehicle – The more miles you rack up on your Audi in a year the higher your rate. Most companies calculate rates based upon how you use the vehicle. Cars not used for work or commuting receive lower rates compared to those used for work or business. Having the wrong rating on your S4 is throwing money out the window. Double check that your insurance policy properly reflects the proper vehicle usage.
Protect yourself with liability coverage – Liability insurance will protect you in the event that you are found to be at fault for causing damage or personal injury in an accident. It will provide legal defense coverage which can cost a lot. Liability is cheap when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
High premiums for teenage drivers – Drivers with little experience are statistically proven to be more careless behind the wheel so insurance rates are higher. More experienced drivers are shown to be more cautious, file fewer claims, and get fewer tickets.
The following data is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
Marriage is a factor – Having a wife or husband may save some money on your insurance policy. Having a significant other may mean you are more stable financially it has been statistically shown that being married results in fewer claims.
Save money by having high credit – An insured’s credit history factor in determining what you pay. Drivers who have high credit scores tend to be better drivers and file fewer claims than those with lower ratings. So if your credit rating can use some improvement, you could potentially save money when insuring your Audi S4 if you clean up your credit.
Audi S4 insurance loss data – Insurance companies take into consideration insurance loss statistics for every vehicle when they calculate premium rates for each model. Vehicles that tend to have higher losses will have a higher premium rate.
The table below illustrates the compiled insurance loss statistics for Audi S4 vehicles. For each type of coverage, the claim probability for all vehicles compiled together equals 100. Numbers below 100 mean the vehicle has better than average losses, while values that are 100 or greater point to more frequent losses or a tendency for losses to be larger than average.
|Specific Audi Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Audi S4 4dr 4WD||206||78||182||51||57||75|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
What insurance coverages do I need?
Always keep in mind that when comparing proper insurance coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different.
For instance, these questions may help you determine if your insurance needs might need an agent’s assistance.
- Should I rate my Audi S4 as pleasure use or commute?
- Are rock-chip repairs free?
- Who is covered when they drive my Audi S4?
- Is my teen driver covered when they drive my company car?
- Am I covered when driving someone else’s vehicle?
- When should I remove my kid from my policy?
- Do I have coverage when making deliveries for my home business?
If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, complete this form. It’s fast, doesn’t cost anything and may give you better protection.
Local Charlotte insurance agents and auto insurance
Many drivers would rather buy from a local agent and there is nothing wrong with that. Most agents can help you choose the best coverages and give you someone to call. An additional benefit of comparing rates online is that you can find cheap rate quotes and still buy from a local agent.
By using this form (opens in new window), the quote information gets sent to participating agents in Charlotte who will gladly provide quotes for your business. It simplifies rate comparisons since you won’t have to contact any insurance agencies because prices are sent to you directly. If you have a need to get a price quote from a particular provider, you would need to go to their quote page and give them your coverage information.
Deciding on an insurance company is decision based upon more than just the bottom line cost. Some important questions to ask are:
- Can you contact them at any time?
- When do they do a full risk review?
- Will you work with the agent or an assistant?
- Do they reduce claim amounts on high mileage vehicles?
- Are all drivers listed on the coverage quote?
What type of Charlotte car insurance agent is right for you?
If you are wanting to find a good Charlotte insurance agent, you must know there are a couple different types of agencies and how they work. Auto insurance agencies may be either exclusive or independent (non-exclusive). Either type can sell and service auto insurance coverage, but it is a good idea to know the difference between them because it may have an impact on which agent you choose.
Exclusive Auto Insurance Agents
Agents that choose to be exclusive write business for a single company and examples are State Farm, Allstate, and Farm Bureau. These agents are not able to give you multiple price quotes so it’s a take it or leave it situation. They are well trained in insurance sales and that allows them to sell at a higher price point.
The following is a short list of exclusive insurance agencies in Charlotte who can help you get price quote information.
Independent Agencies or Brokers
These agents are not employed by any specific company and that gives them the ability to insure amongst many companies and get you the best rates possible. If your premiums go up, they simply move your policy to a different company and you won’t have to switch agencies.
If you are comparing rate quotes, you absolutely need to get several quotes from independent agents to get the best comparison.
Listed below is a list of independent insurance agencies in Charlotte that can give you price quotes.
Nationwide Insurance: Ed Cantey Insurance Agency Inc
5534 Albemarle Rd Ste 105 – Charlotte, NC 28212 – (704) 563-7777 – View Map
Compare. Compare. Compare.
You just learned some good ideas how to lower your Audi S4 insurance prices in Charlotte. The key thing to remember is the more price quotes you have, the higher the chance of saving money. You may even be surprised to find that the best price on insurance is with a small local company.
More affordable insurance in Charlotte can be purchased from both online companies and from local insurance agents, so you should compare both in order to have the best price selection to choose from. There are still a few companies who may not offer the ability to get a quote online and most of the time these regional carriers only sell coverage through independent agents.
As you prepare to switch companies, it’s a bad idea to buy lower coverage limits just to save a few bucks. In too many instances, drivers have reduced collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your objective should be to buy the best coverage you can find at an affordable rate, not the least amount of coverage.
How to find affordable quotes for Audi S4 insurance in Charlotte
The best way to get cheaper car insurance rates is to compare prices regularly from insurers who provide auto insurance in Charlotte.
- Try to learn a little about auto insurance and the things you can control to prevent expensive coverage. Many rating factors that cause rate increases like accidents, traffic tickets, and an imperfect credit rating can be controlled by making minor changes to your lifestyle.
- Obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive or State Farm, while independent agents can provide price quotes from multiple companies.
- Compare the new rate quotes to your existing policy and see if you can save money. If you find a lower rate, ensure coverage does not lapse between policies.
- Notify your current company to cancel your current car insurance policy and submit a down payment along with a completed application for your new policy. When you receive it, place your new certificate verifying coverage above your visor, in the console, or in the glove compartment.
A tip to remember is to compare the same deductibles and limits on each price quote and and to look at all possible companies. This ensures an accurate price comparison and the best rate selection.
To learn more, link through to the articles below:
- Driving in Bad Weather (Insurance Information Institute)
- Who Has the Cheapest Car Insurance for High Mileage Drivers in Charlotte? (FAQ)
- Senior Drivers (Insurance Information Institute)
- How to Avoid Staged Accidents (State Farm)
- Crash Avoidance Technologies FAQ (iihs.org)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)