Best Audi A3 Insurance in Memphis

Unbelievably, a large majority of consumers have been with the same company for well over three years, and approximately 40% of consumers have never compared rates with other companies. American drivers could save themselves roughly $859 a year just by shopping around, but they just assume it takes a lot of time to shop their coverage around.

Insurance rates Audi A3 in MemphisThe easiest way to save money on Audi A3 insurance in Memphis is to regularly compare quotes from insurers who provide car insurance in Tennessee. Rate comparisons can be done by following these guidelines.

One piece of advice is to try to compare the same level of coverage on every quote and and to get price quotes from all possible companies. Doing this guarantees a fair rate comparison and maximum price selection.

Most companies give price estimates online. This process is fairly straightforward because you just enter the amount of coverage you want into the form. Upon sending the form, the quote system sends out for credit information and your driving record and gives you a price quote determined by many factors. Being able to quote online for Audi A3 insurance in Memphis makes it easy to compare insurance prices and it is important to compare as many rates as possible in order to find a lower rate.

To quickly find out if lower rates are available, take a look at the companies shown below. If you have your current policy handy, we recommend you replicate your coverages as shown on your current policy. This guarantees you will get a fair comparison for exact coverage.

The auto insurance companies shown below have been selected to offer quotes in Tennessee. If you want cheap auto insurance in Tennessee, it’s a good idea that you visit two to three different companies in order to get a fair rate comparison.

Get cheaper Audi A3 insurance in Memphis with discounts

Companies offering auto insurance do not list all their discounts in an easy-to-find place, so below is a list a few of the more well known as well as the least known savings tricks you should be using when you buy Memphis car insurance online.Cheaper auto insurance with discounts

You can save money using discounts, but most discounts do not apply to the entire cost. Some only apply to individual premiums such as comp or med pay. So even though it sounds like all those discounts means the company will pay you, it just doesn’t work that way. Any qualifying discounts will reduce your policy premium.

The chart below illustrates the difference between Audi A3 auto insurance costs with and without discounts applied to the rates. The prices are based on a female driver, no accidents, no driving violations, Tennessee state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, claim-free, marriage, safe-driver, and homeowner discounts applied.

A few popular companies and some of the discounts are shown below.

If you are trying to find affordable Audi A3 insurance quotes, ask each company which credits you are entitled to. All car insurance discounts may not apply to policies in Memphis. To find insurance companies that have a full spectrum of discounts in Tennessee, click this link.

Auto insurance analysis for an Audi A3

The data table shown next highlights estimates of insurance rates for Audi A3 models. Learning how insurance premiums are established can help drivers make smart choices when buying a car insurance policy.

Audi A3 Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A3 2.0T Premium Package $178 $410 $350 $20 $104 $1,062 $89
A3 2.0T Premium Plus Package $178 $410 $350 $20 $104 $1,062 $89
A3 2.0T Quattro $200 $410 $350 $20 $104 $1,084 $90
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Rate quotes do not factor in specific zip code location which can increase or decrease insurance rates noticeably.

Auto insurance deductibles

One of the most common auto insurance questions is the level to set your comp and collision deductibles. The comparisons below can help you visualize the differences in price between low and high coverage deductibles. The first data table uses a $250 deductible for physical damage and the second rate table uses a $1,000 deductible.

Audi A3 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A3 2.0T Premium Package $224 $444 $288 $18 $86 $1,085 $90
A3 2.0T Premium Plus Package $224 $444 $288 $18 $86 $1,085 $90
A3 2.0T Quattro $252 $444 $288 $18 $86 $1,113 $93
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Audi A3 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A3 2.0T Premium Package $138 $278 $288 $18 $86 $808 $67
A3 2.0T Premium Plus Package $138 $278 $288 $18 $86 $808 $67
A3 2.0T Quattro $156 $278 $288 $18 $86 $826 $69
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Premium amounts do not factor in vehicle location which can decrease or increase rates considerably.

Based on the above data, using a $250 deductible could cost the average driver approximately $23 more each month or $276 annually than opting for the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 33 months between claim filings, you would come out ahead going with the higher deductible.

The Audi A3 Insurance Price Equation

Many factors are used in the calculation when you get your auto insurance bill. Some factors are common sense like a motor vehicle report, but some are not as apparent such as whether you are married or how safe your car is. Smart consumers have a good feel for some of the factors that help determine the price you pay for auto insurance. If you have some idea of what positively or negatively impacts your premiums, this allows you to make educated decisions that can help you get cheaper rates.

Accidents can increase costs – How you drive impacts premiums far more than you think. Having a single speeding ticket can increase the cost of insurance substantially. Careful drivers pay lower auto insurance prices as compared to careless drivers. People who have license-revoking citations like DUI, reckless driving or excessive speeding may find that they have to to submit a SR-22 form with the DMV in their state in order to keep their license.

The illustration below demonstrates how traffic citations and fender-benders can affect Audi A3 insurance premiums for different ages of insureds. The premiums are based on a single male driver, full coverage, $250 deductibles, and no other discounts are factored in.

Too many auto insurance claims will drive rates up – Companies in Tennessee provide most affordable rates to policyholders who only file infrequent claims. If you are the type of insured that files lots of claims you can definitely plan on much higher rates or policy non-renewal. Insurance coverage is intended for the bigger claims that can’t be paid out-of-pocket.

How many miles do you drive? – Driving more miles in a year the higher your rate. A lot of insurance companies rate vehicles based on their usage. Vehicles that do not get driven very much get more affordable rates than vehicles that are driven to work every day. An incorrectly rated A3 can result in significantly higher rates. Ask your agent if your auto insurance policy is showing the correct usage for each vehicle, because improper ratings can cost you money.

Raise deductibles and save – The deductibles you choose represent how much money you are required to spend out-of-pocket if a covered claim is submitted. Coverage for physical damage, also called ‘full coverage’, insures against damage to your car. Examples of covered claims could be rear-ending another vehicle, animal collisions, or theft of your vehicle. The more damage repair cost the insured has to pay upfront, the better rate you will receive.

Extra policy coverages you don’t need – There are quite a few extra bells and whistles that may not really be needed on your A3 policy. Coverage for things like replacement cost coverage, high-cost glass coverage, and motor club memberships are some examples. They may seem like a good idea when buying your policy, but if you don’t need them think about removing them and cutting costs.

Your job can affect rates – Did you know your auto insurance rates can be affected by your occupation? Jobs like fire fighters, social workers, and miners are shown to have higher rates than average in part from intense work situations and lengthy work days. On the other hand, careers like farmers, engineers and performers have lower than average premiums.

Audi A3 claim statistics – Companies factor in historical loss data to help determine prices. Models that have higher claim amounts or frequency will have higher premium rates. The information below illustrates the insurance loss data for Audi A3 vehicles.

For each insurance policy coverage type, the loss probability for all vehicles, without regard to make or model, equals 100. Numbers below 100 represent a good loss history, while percentage values above 100 show a trend for more claims or an increased chance of a larger loss.

Audi A3 Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Audi A3 4dr 2WD 152 90 109 85
Audi A3 4dr 4WD 147 73 111 80

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Buying from car insurance agents

A lot of people still prefer to buy from a licensed agent and that is recommended in a lot of cases Professional agents are very good at helping people manage risk and give you someone to call. An additional benefit of comparing rates online is the fact that drivers can get cheap car insurance quotes but also keep your business local.

Memphis insurance agentsUpon completion of this simple form, your insurance data is emailed to companies in Memphis who will give you quotes for your car insurance coverage. There is no reason to leave your computer since price quotes are sent instantly to you. If you need to get a price quote from one company in particular, feel free to find their quoting web page and fill out the quote form the provide.

Finding the right insurance company requires you to look at more than just the price. Any agent in Memphis should be forthright in answering these questions:

When looking for an insurance agent, you must know there are a couple types of agencies and how they can write your policy. Memphis agents may be either independent or exclusive depending on the company they work for. Both can provide car insurance policies, but it’s worth mentioning how they differ since it could factor into the selection process.

Exclusive Insurance Agents

Agents in the exclusive channel can only write with one company and examples are AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents cannot compare rates from other companies so they really need to provide good service. Exclusive agents are well schooled on their company’s products and that allows them to sell at a higher price point.

Listed below is a list of exclusive insurance agents in Memphis willing to provide comparison quotes.

848 Cooper StMemphis, TN 38104(901) 725-1919View Map

6060 Primacy Pkwy #221Memphis, TN 38119(901) 794-3691View Map

5812 Winchester RdMemphis, TN 38115(901) 794-3771View Map

View more Memphis agents

Independent Car Insurance Agencies

Independent agents are appointed with more than one company and that allows them to write policies with an assortment of companies and find the cheapest rate. If they find a cheaper price, they can switch companies in-house which is easy for the insured. When comparing rates, it’s a good idea to compare quotes from several independent insurance agents to have the most options to choose from.

Below are independent insurance agencies in Memphis that are able to give rate quotes.

6750 Poplar Ave #410Memphis, TN 38138(901) 562-0151View Map

1850 Poplar Crest Cove Ste 102Memphis, TN 38119(901) 762-8585View Map

3325 KIRBY PKWY STE 102Memphis, TN 38115(901) 507-6873View Map

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Auto insurance companies ranked

Picking a high-quality company can be challenging considering how many companies are available to choose from in Tennessee. The ranking information in the lists below can help you analyze which car insurance companies to look at comparing prices from.

Top 10 Memphis Car Insurance Companies by A.M. Best Rank

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Erie Insurance – A+
  6. Titan Insurance – A+
  7. Esurance – A+
  8. Progressive – A+
  9. Nationwide – A+
  10. The Hartford – A+

A conclusion for your insurance search

Some companies don’t offer rate quotes online and these smaller companies sell through independent agents. Lower-priced Audi A3 insurance in Memphis is attainable both online and from local insurance agents, and you need to comparison shop both to have the best selection.

When searching for low cost Memphis car insurance quotes, make sure you don’t skimp on critical coverages to save a buck or two. In too many instances, drivers have reduced comprehensive coverage or liability limits and learned later they didn’t have enough coverage. Your focus should be to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.

We just presented many tips how you can lower your Audi A3 insurance rates in Memphis. The key thing to remember is the more rate quotes you have, the better your comparison will be. Consumers could even find that the lowest rates come from some of the smallest insurance companies. These smaller insurers may often insure only within specific states and give better rates compared to the large companies like Progressive and GEICO.

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