It goes without saying that insurance companies don’t want you comparing rates. Consumers who shop for lower prices are highly likely to switch to a new company because of the good chance of finding a lower-cost company. Surprisingly, a recent survey revealed that people who routinely shopped for cheaper coverage saved approximately $865 annually as compared to drivers who never compared prices.
If finding the cheapest price for Audi A5 insurance in Albuquerque is why you’re here, then having some knowledge of how to find and compare coverages can help simplify the process.
The preferred way to find low-cost prices for auto insurance rates in Albuquerque is to regularly compare quotes from insurers who provide car insurance in New Mexico. You can compare rates by following these guidelines.
First, get a basic knowledge of how insurance companies determine prices and the measures you can take to keep rates low. Many things that cause rate increases such as at-fault accidents, careless driving, and a bad credit score can be amended by improving your driving habits or financial responsibility. Later in this article we will cover information to help keep prices low and find discounts that may have been missed.
Second, request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from one company like GEICO or State Farm, while independent agencies can quote rates from many different companies.
Third, compare the new rate quotes to your current policy to see if you can save by switching companies. If you find a lower rate, verify that coverage does not lapse between policies.
A crucial key to this process is to use the same liability limits and deductibles on every price quote and to quote with as many different insurance providers as possible. Doing this ensures an accurate price comparison and the best price quote selection.
If you are paying for car insurance now, you will be able to lower your rates using this strategy. The purpose of this article is to help you learn the best way to quote coverages and some tips to save money. But New Mexico car owners should learn how the larger insurance companies market insurance on the web because it varies considerably.
Many insurance companies such as State Farm, GEICO and Progressive provide prices for coverage from their websites. Getting Audi A5 insurance prices online can be done by anyone as all you need to do is type in your coverage information into the quote form. Once you submit the form, their quoting system automatically retrieves your credit score and driving record and returns a price quote based on the data you entered.
Using the web to get price quotes for Audi A5 insurance in Albuquerque makes it easy to compare insurance prices and it’s necessary to compare as many rates as possible if you are searching for a better rate.
If you want to compare rates now, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you duplicate coverages and limits identical to your current policy. This guarantees you will receive rate comparison quotes for the exact same coverage.
The companies in the list below are our best choices to provide comparison quotes in Albuquerque, NM. If you want to find the best auto insurance in New Mexico, we suggest you visit several of them in order to find the most affordable rates.
Insurance does more than just repair your car
Despite the potentially high cost of Audi A5 insurance, buying insurance is required in New Mexico but it also protects you in many ways.
- The majority of states have compulsory liability insurance requirements which means state laws require a specific level of liability insurance coverage in order to be legal. In New Mexico these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Audi, most banks will require you to have full coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the bank or lender will purchase a policy for your Audi for a lot more money and require you to fork over the higher premium.
- Insurance protects not only your vehicle but also your financial assets. It will also reimburse you for medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance also pays for attorney fees and expenses if you are sued as the result of your driving. If damage is caused by hail or an accident, your insurance policy will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance definitely exceed the cost, especially if you ever need it. Despite what companies tell you, the average driver is currently overpaying as much as $830 a year so compare quotes from several companies once a year at a minimum to save money.
Rates and statistics
The rate table displayed below highlights detailed analysis of rate quotes for Audi A5 models. Knowing how auto insurance premiums are figured is important for you to make smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A5 2.0T Quattro Premium 2-Dr Coupe | $150 | $304 | $262 | $16 | $78 | $810 | $68 |
| A5 2.0T Quattro Premium Plus 2-Dr Coupe | $150 | $304 | $262 | $16 | $78 | $810 | $68 |
| A5 3.2 Quattro Prestige 2-Dr Coupe | $150 | $344 | $262 | $16 | $78 | $850 | $71 |
| A5 3.2 Quattro Premium Plus 2-Dr Coupe | $150 | $344 | $262 | $16 | $78 | $850 | $71 |
| A5 2.0T Quattro Prestige 2-Dr Coupe | $150 | $344 | $262 | $16 | $78 | $850 | $71 |
| A5 2.0T Premium 2-Dr Convertible | $150 | $344 | $310 | $18 | $92 | $914 | $76 |
| A5 2.0T Premium Plus 2-Dr Convertible | $150 | $344 | $310 | $18 | $92 | $914 | $76 |
| A5 2.0T Quattro Prestige S-Line 2-Dr Coupe | $166 | $344 | $262 | $16 | $78 | $866 | $72 |
| A5 2.0T Prestige S-Line 2-Dr Convertible | $166 | $344 | $310 | $18 | $92 | $930 | $78 |
| A5 2.0T Prestige 2-Dr Convertible | $166 | $344 | $310 | $18 | $92 | $930 | $78 |
| A5 3.2 Quattro Prestige S-Line 2-Dr Coupe | $166 | $384 | $262 | $16 | $78 | $906 | $76 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rates do not factor in zip code location which can raise or lower rates substantially.
Policy deductible comparison
When comparing insurance rates, the most common question is how high should the physical damage coverage deductibles be. The rates shown below can help illustrate how much more rates are between low and high comp and collision deductibles. The first data table uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A5 2.0T Quattro Premium 2-Dr Coupe | $314 | $570 | $274 | $16 | $82 | $1,281 | $107 |
| A5 2.0T Quattro Premium Plus 2-Dr Coupe | $314 | $570 | $274 | $16 | $82 | $1,281 | $107 |
| A5 3.2 Quattro Prestige 2-Dr Coupe | $314 | $644 | $274 | $16 | $82 | $1,355 | $113 |
| A5 3.2 Quattro Premium Plus 2-Dr Coupe | $314 | $644 | $274 | $16 | $82 | $1,355 | $113 |
| A5 2.0T Quattro Prestige 2-Dr Coupe | $314 | $644 | $274 | $16 | $82 | $1,355 | $113 |
| A5 2.0T Premium 2-Dr Convertible | $314 | $644 | $322 | $20 | $96 | $1,421 | $118 |
| A5 2.0T Premium Plus 2-Dr Convertible | $314 | $644 | $322 | $20 | $96 | $1,421 | $118 |
| A5 2.0T Quattro Prestige S-Line 2-Dr Coupe | $346 | $644 | $274 | $16 | $82 | $1,387 | $116 |
| A5 2.0T Prestige S-Line 2-Dr Convertible | $346 | $644 | $322 | $20 | $96 | $1,453 | $121 |
| A5 2.0T Prestige 2-Dr Convertible | $346 | $644 | $322 | $20 | $96 | $1,453 | $121 |
| A5 3.2 Quattro Prestige S-Line 2-Dr Coupe | $346 | $718 | $274 | $16 | $82 | $1,461 | $122 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A5 2.0T Quattro Premium 2-Dr Coupe | $194 | $358 | $274 | $16 | $82 | $924 | $77 |
| A5 2.0T Quattro Premium Plus 2-Dr Coupe | $194 | $358 | $274 | $16 | $82 | $924 | $77 |
| A5 3.2 Quattro Prestige 2-Dr Coupe | $194 | $406 | $274 | $16 | $82 | $972 | $81 |
| A5 3.2 Quattro Premium Plus 2-Dr Coupe | $194 | $406 | $274 | $16 | $82 | $972 | $81 |
| A5 2.0T Quattro Prestige 2-Dr Coupe | $194 | $406 | $274 | $16 | $82 | $972 | $81 |
| A5 2.0T Premium 2-Dr Convertible | $194 | $406 | $322 | $20 | $96 | $1,038 | $87 |
| A5 2.0T Premium Plus 2-Dr Convertible | $194 | $406 | $322 | $20 | $96 | $1,038 | $87 |
| A5 2.0T Quattro Prestige S-Line 2-Dr Coupe | $214 | $406 | $274 | $16 | $82 | $992 | $83 |
| A5 2.0T Prestige S-Line 2-Dr Convertible | $214 | $406 | $322 | $20 | $96 | $1,058 | $88 |
| A5 2.0T Prestige 2-Dr Convertible | $214 | $406 | $322 | $20 | $96 | $1,058 | $88 |
| A5 3.2 Quattro Prestige S-Line 2-Dr Coupe | $214 | $452 | $274 | $16 | $82 | $1,038 | $87 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Price information does not factor in Albuquerque location which can change price quotes considerably.
Using the data above, we can ascertain that using a $250 deductible costs roughly $32 more each month or $384 for a full year than opting for the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 23 months between claim filings, you would more than likely save some money going with the higher deductible.
The information below shows how choosing a deductible and can affect Audi A5 insurance prices for different categories of driver ages. The rates are based on a married female driver, comp and collision included, and no additional discounts are factored in.
Careless Albuquerque drivers pay higher rates
The illustration below highlights how traffic violations and at-fault claims drive up Audi A5 insurance premiums for different categories of driver ages. The rate quotes are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.
Liability only or full coverage
The chart below illustrates the difference between Audi A5 insurance costs when comparing full coverage to liability only. The premiums assume no claims or driving violations, $500 deductibles, single marital status, and no discounts are taken into consideration.
When to stop buying full coverage
There isn’t a written rule for dropping full coverage on your policy, but there is a broad guideline. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your Audi A5 replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after the deductible is paid. If it’s costing in excess of $200 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where removing full coverage is not a good plan. If you haven’t paid off your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Audi A5 insurance discounts in Albuquerque
Properly insuring your vehicles can get expensive, but you might be missing out on some discounts that many people don’t even know exist. A few discounts will automatically apply when you quote, but less common discounts must be asked for before they will apply.
- Memberships – Belonging to qualifying employment or professional organizations may earn a discount when getting a Albuquerque auto insurance quote.
- Driver’s Ed – Have your child successfully take a driver’s education course in school.
- Discounts for Federal Employees – Being employed by or retired from a federal job may qualify for a discount when you quote Albuquerque auto insurance with certain companies.
- Buy New and Save – Buying a new car model can get you a discount because new vehicles have to meet stringent safety requirements.
- Homeowners Savings – Just owning your own home can help you save on insurance since owning and maintaining a home is proof that your finances are in order.
- Senior Citizen Discount – If you qualify as a senior citizen, you can possibly qualify for a small discount on rates.
- E-sign Discounts – Some of the larger companies may give you up to $50 simply for signing over the internet.
Consumers should know that most discount credits are not given to the entire policy premium. A few only apply to specific coverage prices like liability and collision coverage. So even though they make it sound like you can get free auto insurance, companies don’t profit that way.
The diagram below illustrates the difference between Audi A5 auto insurance costs with and without discounts. Data assumes a male driver, a clean driving record, no claims, New Mexico 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, claim-free, multi-policy, homeowner, multi-car, and safe-driver discounts applied.
To view companies that offer discounts in Albuquerque, click here to view.
Car insurance is available from local agents
Certain consumers would prefer to visit with an insurance agent and that is a personal choice. One of the great benefits of comparing insurance prices online is the fact that you can find lower auto insurance rates and still have an agent to talk to.
Once you complete this simple form, your insurance data is sent to local insurance agents who can give free rate quotes and help you find cheaper coverage. You won’t even need to do any legwork because prices are sent immediately to your email address. It’s the lowest rates and a licensed agent to work with. If you have a need to get a rate quote from a specific company, you just need to visit that company’s website and fill out the quote form the provide.
Finding the right insurer needs to be determined by more than just a cheap quote. Here are some questions to ask:
- Do they regularly work with personal auto policies in Albuquerque?
- How long has the business existed?
- Will they give you a referral list?
- Are they able to influence company decisions when a claim is filed?
- Which companies do they recommend if they are an independent agency?
- Do they offer accident forgiveness?
If you would like to find a local Albuquerque insurance agency, you need to know there are two different agency structures and how they operate. Car insurance agencies can either be independent agents or exclusive agents depending on their employer.
Exclusive Agencies
Exclusive agencies can only quote rates from one company and examples are Farmers Insurance, American Family, State Farm and Allstate. They usually cannot shop your coverage around so keep that in mind. They are usually quite knowledgeable on sales techniques which helps overcome the inability to quote other rates. A lot of people use the same agent partially due to the brand name rather than low rates.
The following are exclusive insurance agents in Albuquerque that are able to give price quote information.
- Francis Harding – State Farm Insurance Agent
4420 4th St NW – Albuquerque, NM 87107 – (505) 242-6231 – View Map - John Marcelli – State Farm Insurance Agent
12611 Montgomery, Ste A3 – Albuquerque, NM 87111 – (505) 293-0100 – View Map - Michele Romero – State Farm Insurance Agent
3904 Carlisle Blvd NE c – Albuquerque, NM 87107 – (505) 881-7000 – View Map
Independent Agents (or Brokers)
Independent agents do not have single company limitations so they have the ability to put coverage amongst many companies and find you the best rates. To move your coverage to a new company, an independent agent can move your coverage which requires no work on your part.
If you are comparing rate quotes, we recommend you compare quotes from several independent agencies to maximize your price options. Most can insure with smaller regional carriers which may have better rates.
Shown below is a list of independent agents in Albuquerque willing to provide rate quotes.
- Webster Insurance Agency Inc
1201 Eubank Blvd Suite 3 – Albuquerque, NM 87112 – (505) 294-1497 – View Map - Associated Insurance Professionals, Inc
1429 Carlisle Blvd NE – Albuquerque, NM 87110 – (505) 265-3704 – View Map - Lorraine Y Chavez Insurance Agency, Inc.
8224 Louisiana Blvd NE – Albuquerque, NM 87113 – (505) 821-7123 – View Map
Once you have good responses for all questions you ask as well as a price you’re happy with, chances are good that you have found an insurance agent that meets your needs to adequately provide car insurance.
Insurance can be complex
Always keep in mind that when comparing insurance from an agent or online, there really is no one size fits all plan. Everyone’s needs are different and your insurance should unique, too.
Here are some questions about coverages that can aid in determining if your insurance needs may require specific advice.
- Where can I find high-risk insurance?
- Will my rates increase for filing one claim?
- What should my uninsured motorist coverage limits be in New Mexico?
- Do I get a pro-rated refund if I cancel my policy early?
- Why are teen drivers so expensive to add on to my policy?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Can I still get insurance after a DUI?
- What is high-risk coverage and where do I buy it?
- Can I make deliveries for my home business?
- If I drive on a suspended license am I covered?
If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier
How much can you save?
Discount Audi A5 insurance in Albuquerque is available both online and with local Albuquerque insurance agents, and you should be comparing both to have the best rate selection. A few companies do not offer the ability to get a quote online and most of the time these regional carriers only sell through independent insurance agencies.
When searching for cheaper Albuquerque auto insurance quotes, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are too many instances where someone dropped collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. The goal is to buy a smart amount of coverage for the lowest cost, but do not sacrifice coverage to save money.
Additional information can be read on the following sites:
- How do I File a Claim? (Insurance Information Institute)
- Who Has the Cheapest Car Insurance Rates for Young Drivers in Albuquerque? (FAQ)
- Vehicle Insurance (Wikipedia)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Uninsured Motorist Statistics (Insurance Information Institute)