Nobody anticipates paying for insurance, especially knowing they are paying too much.
Shockingly, about 70% of customers have bought insurance from the same company for well over three years, and 38% of drivers have never compared insurance rates at all. With the average insurance premium being $2,009, Jersey City drivers could pocket nearly 40% a year by just comparing quotes, but most tend to underestimate the actual amount they would save if they changed companies.
With so many companies to choose from that have cheaper insurance for an Audi A5 in Jersey City, it is very difficult to find the best insurance company.
You need to do rate comparisons occasionally since rates fluctuate regularly. Despite the fact that you may have had the best deal on Audi A5 insurance in Jersey City last year the chances are good that you can find a lower price today. Ignore everything you know about insurance because we're going to demonstrate the only way to eliminate unnecessary coverages and save money on Audi A5 insurance in Jersey City.
The easiest way to compare car insurance rates for Audi A5 insurance in Jersey City is to take advantage of the fact auto insurance companies allow for online access to provide you with a free rate quote. To get started, all you need to do is give the companies some data such as your general credit rating, whether you drive to work or school, if you have a valid license, and if a SR-22 is required. Your information is instantly provided to many of the top insurers and they return cost estimate quickly.
To check rates for your Audi A5 now, click here then complete the form.
The car insurance companies shown below are our best choices to provide comparison quotes in Jersey City, NJ. If your goal is to find the best auto insurance in New Jersey, we recommend you compare several of them to get a more complete price comparison.
Insurance is not optional but you don't have to overpay
Even though Jersey City A5 insurance rates can get expensive, buying insurance is not optional due to several reasons.
- Almost all states have mandatory insurance requirements which means the state requires specific limits of liability in order to get the vehicle licensed. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you took out a loan on your A5, it's most likely the lender will force you to have physical damage coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the lender may insure your Audi at a significantly higher premium and require you to pay the higher price.
- Insurance preserves your vehicle and your assets. It will also cover hospital and medical expenses for not only you but also any passengers injured in an accident. Liability insurance will also pay attorney fees if you are sued as the result of your driving. If your car is damaged in a storm or accident, your insurance policy will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance greatly outweigh the cost, especially if you ever need it. As of last year, the average driver in New Jersey is wasting up to $869 every year so you should quote rates each time the policy renews to make sure the price is not too high.
Auto insurance analysis for an Audi A5
The information shown next outlines a range of insurance policy prices for Audi A5 models. Understanding more about how insurance rates are determined is important for making informed decisions when comparing rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|A5 2.0T Quattro Premium 2-Dr Coupe||$320||$656||$552||$32||$166||$1,726||$144|
|A5 2.0T Quattro Premium Plus 2-Dr Coupe||$320||$656||$552||$32||$166||$1,726||$144|
|A5 3.2 Quattro Prestige 2-Dr Coupe||$320||$744||$552||$32||$166||$1,814||$151|
|A5 3.2 Quattro Premium Plus 2-Dr Coupe||$320||$744||$552||$32||$166||$1,814||$151|
|A5 2.0T Quattro Prestige 2-Dr Coupe||$320||$744||$552||$32||$166||$1,814||$151|
|A5 2.0T Premium 2-Dr Convertible||$320||$744||$648||$38||$194||$1,944||$162|
|A5 2.0T Premium Plus 2-Dr Convertible||$320||$744||$648||$38||$194||$1,944||$162|
|A5 2.0T Quattro Prestige S-Line 2-Dr Coupe||$354||$744||$552||$32||$166||$1,848||$154|
|A5 2.0T Prestige S-Line 2-Dr Convertible||$354||$744||$648||$38||$194||$1,978||$165|
|A5 2.0T Prestige 2-Dr Convertible||$354||$744||$648||$38||$194||$1,978||$165|
|A5 3.2 Quattro Prestige S-Line 2-Dr Coupe||$354||$830||$552||$32||$166||$1,934||$161|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Rate quotes do not factor in your specific Jersey City location which can decrease or increase premiums noticeably.
Audi A5 liability-only versus full coverage
The illustration below visualizes the comparison of Audi A5 insurance prices with and without physical damage coverage. The rate quotes are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no other discounts are factored in.
Deciding between full coverage and liability only
There is no exact rule to eliminate physical damage coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let's assume your Audi A5 settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying your policy deductible. If it's costing you more than $400 a year for full coverage, then it may be the right time to buy liability only.
There are some circumstances where removing full coverage is not financially feasible. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don't have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Don't neglect these eight money saving discounts
Companies that sell car insurance don't always advertise every discount they offer very well, so we took the time to find some of the more common and also the more inconspicuous discounts that may be available.
- Multiple Cars - Insuring multiple cars or trucks with the same company could earn a price break for each car.
- Student in College - Any of your kids living away from Jersey City attending college and do not take a car to college could qualify for this discount.
- Sign Early and Save - Some insurance companies reward drivers for switching companies before your current coverage expires. Ten percent is about the average savings.
- First Accident Forgiveness - This isn't a discount exactly, but certain companies will turn a blind eye to one accident before hitting you with a surcharge if your claims history is clear prior to the accident.
- Low Mileage Discounts - Maintaining low annual mileage may allow you to get slightly better prices than normal.
- Life Insurance - If the company offers life insurance, you could get better car insurance rates if you take out some life insurance in addition to your auto policy.
- No Claims - Jersey City drivers who stay claim-free can save substantially in comparison to bad drivers.
- Discounts for Government Workers - Employees or retirees of the government could qualify for a slight premium decrease depending on your company.
You should keep in mind that most discount credits are not given to the overall cost of the policy. Most only apply to individual premiums such as comp or med pay. So when it seems like all those discounts means the company will pay you, that's just not realistic.
The illustration below illustrates the comparison of Audi A5 insurance premiums with and without discounts. The premiums assume a female driver, no accidents or driving violations, New Jersey state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, homeowner, marriage, safe-driver, and claim-free discounts applied.
The best car insurance companies and some of the premium reductions they offer can be found below.
- Farm Bureau may have discounts that include safe driver, renewal discount, good student, 55 and retired, and multi-vehicle.
- State Farm may offer discounts for student away at school, passive restraint, multiple policy, Drive Safe & Save, and good student.
- Progressive discounts include multi-vehicle, online quote discount, good student, homeowner, continuous coverage, online signing, and multi-policy.
- Allstate offers discounts including good student, auto/life discount, good payer, senior citizen, passive restraint, 55 and retired, and anti-theft.
- Nationwide has discounts for defensive driving, business or organization, anti-theft, Farm Bureau membership, and easy pay.
- MetLife policyholders can earn discounts including good driver, accident-free, good student, defensive driver, and multi-policy.
When comparing rates, check with all the companies what discounts are available to you. Some of the discounts discussed earlier might not apply in Jersey City.
Insurance agents can help
Many people still prefer to get advice from a local agent and doing so can bring peace of mind A good thing about getting online price quotes is you may find cheaper prices and still choose a local agent. Buying from and supporting local insurance agencies is important particularly in Jersey City.
After completing this simple form, the quote information is sent to local insurance agents in Jersey City that provide free Jersey City auto insurance quotes for your business. There is no reason to contact an agency as quotes are delivered to your email. You can most likely find cheaper rates and a licensed agent to work with. If you have a need to quote rates from a specific insurance provider, don't hesitate to go to their quote page and submit a quote form there.
If you need to find a reliable insurance agency, you need to know there are two types of insurance agents to choose from. Insurance agents in Jersey City can be categorized as either independent or exclusive.
Independent Agents (or Brokers)
Agents of this type can quote rates with many companies and that allows them to write policies with multiple insurance companies and get you the best rates possible. If your agent finds better pricing, your policy is moved internally and the insured can keep the same agent.
When searching for an agent, you definitely need to get insurance quotes from at a minimum one independent agency to have the best price comparison.
Shown below are Jersey City independent agents who may provide pricing information.
JFK Insurance Agency
746 Bergen Ave - Jersey City, NJ 07306 - (908) 425-1544 - View Map
582 West Side Ave - Jersey City, NJ 07304 - (201) 209-1306 - View Map
GIM Agency Services Inc
263 Central Ave - Jersey City, NJ 07307 - (201) 792-4188 - View Map
Exclusive Insurance Agencies
Agents that elect to be exclusive can only provide pricing for a single company such as State Farm, Allstate and AAA. Exclusive agents are unable to provide other company's prices so they have no alternatives for high prices. Exclusive agents are highly trained on their products and sales techniques and that allows them to sell at a higher price point.
Below are exclusive insurance agents in Jersey City that can give you price quotes.
Deciding on an insurance agent needs to be determined by more than just the price. These are some valid questions you should ask.
- Where would your vehicle be repaired?
- Does the agent have professional designations like CIC, CPCU or AIC?
- Are they giving you every discount you deserve?
- Will high miles depreciate repair valuations?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
Insurance policy coverages for an Audi A5
Understanding the coverages of insurance aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverage types available from insurance companies.
Insurance for medical payments
Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like surgery, nursing services, doctor visits, hospital visits and funeral costs. They are often used in conjunction with a health insurance policy or if you do not have health coverage. They cover you and your occupants in addition to being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible
Auto collision coverage
This will pay to fix damage to your A5 caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for things like hitting a mailbox, backing into a parked car, scraping a guard rail and colliding with a tree. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also choose a higher deductible on your A5 to save money on collision insurance.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage protects you and your vehicle when the "other guys" either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle's damage.
Since many New Jersey drivers only purchase the least amount of liability that is required (15/30/5), their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims like damage from getting keyed, damage from a tornado or hurricane, vandalism and rock chips in glass. The highest amount you'll receive from a claim is the actual cash value, so if it's not worth much more than your deductible consider removing comprehensive coverage.
This coverage will cover damage or injury you incur to other people or property by causing an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 15/30/5 which stand for a limit of $15,000 per injured person, a total of $30,000 of bodily injury coverage per accident, and a total limit of $5,000 for damage to vehicles and property. Occasionally you may see a combined limit which limits claims to one amount without having the split limit caps.
Liability can pay for claims such as medical expenses, funeral expenses, emergency aid and attorney fees. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford. New Jersey requires drivers to carry at least 15/30/5 but drivers should carry more liability than the minimum.
The next chart shows why the minimum limit may not provide adequate coverage.
Find cheaper rates by being thorough
We just covered a lot of tips how to reduce Audi A5 insurance prices online in Jersey City. It's most important to understand that the more rate comparisons you have, the better your comparison will be. You may even discover the lowest prices come from a smaller regional carrier. Regional companies may often insure only within specific states and give better rates as compared to the big name companies such as State Farm and Allstate.
When searching for cheaper Jersey City auto insurance quotes, don't be tempted to sacrifice coverage to reduce premiums. There have been many cases where an accident victim reduced liability limits or collision coverage only to regret at claim time that it was a big error on their part. Your objective should be to buy the best coverage you can find at a price you can afford while still protecting your assets.
Steps to saving on Audi A5 insurance in Jersey City
If you want to find the absolute lowest rates, then the best way to find cheaper car insurance rates is to make a habit of regularly comparing prices from providers who provide car insurance in Jersey City.
- Try to learn about how insurance companies determine prices and the steps you can take to keep rates low. Many policy risk factors that result in higher rates like speeding and a negative credit rating can be eliminated by being financially responsible and driving safely.
- Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO and State Farm, while independent agents can give you price quotes for a wide range of insurance providers.
- Compare the new rate quotes to your existing coverage and see if there is a cheaper rate in Jersey City. If you find better rates, verify that coverage does not lapse between policies.
A key point to remember is to use the same liability limits and deductibles on every quote and and to get price quotes from all possible companies. Doing this guarantees the most accurate price comparison and a complete price analysis.
Additional detailed information is located in the articles below:
- Where can I buy Insurance? (Insurance Information Institute)
- Who Has Affordable Jersey City Auto Insurance for 16 Year Olds? (FAQ)
- What Car Insurance is Cheapest for a Hyundai Sonata in Jersey City? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Drivers Requiring a SR22 in Jersey City? (FAQ)
- Who Has Cheap Jersey City Car Insurance Rates for Single Moms? (FAQ)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- Winter Driving (Insurance Information Institute)