Auto Insurance Rate Quotes for an Audi A5 in Honolulu

A study showed that the vast majority of auto insurance customers in Hawaii kept their policy with the same company for at least the last four years, and just short of a majority have never compared auto insurance rates at all. Many drivers in America could save $859 a year just by comparing rates, but most just don’t grasp how much savings they would realize if they switch to a new company.

If your goal is the lowest price, then the best way to get more affordable Audi A5 insurance in Honolulu is to compare prices once a year from companies who sell auto insurance in Hawaii. Price quotes can be compared by following these steps.

1. Spend a few minutes and learn about individual coverages and the steps you can take to drop your rates. Many policy risk factors that increase rates such as at-fault accidents and a not-so-good credit history can be controlled by making minor driving habit or lifestyle changes. Read the full article for instructions to find cheap prices and find additional discounts you may qualify for.
2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from a single company like GEICO or Allstate, while agents who are independent can provide rate quotes for many different companies.
3. Compare the quotes to your existing coverage and see if there is a cheaper rate in Honolulu. If you find a lower rate and switch companies, verify that coverage does not lapse between policies.

A good piece of advice is to make sure you’re comparing the same deductibles and limits on each price quote and and to look at as many companies as feasibly possible. Doing this helps ensure a fair rate comparison and a good representation of prices.

Buying the cheapest auto insurance in Honolulu is quite easy. If you’re already insured or are looking for a new policy, use these tips to reduce the price you pay without reducing coverage. Drivers only have to learn the most effective way to shop over the internet.

How to compare Honolulu Audi A5 insurance quotes

Reducing your insurance rates is not a difficult process. Drivers just need to invest a little time to get quotes from some recommended companies.

Comparing free rate quotes online is easy and it, makes it obsolete to go to each insurance agency near you. Comparing Audi A5 insurance rate quotes online has made agencies unnecessary unless you require the guidance of an agent trained in personal lines coverage. Although, it is possible comparison shop online and still use a local agent.

The companies shown below have been selected to offer free rate quotes in Hawaii. If several companies are displayed, it’s a good idea that you get price quotes from several of them to find the cheapest auto insurance rates.

Save money with discounts

Insurance can cost an arm and a leg, but you might find some hidden discounts to help bring down the price. A few discounts will automatically apply when you quote, but once in a while a discount must be asked about before they will apply.

• Air Bag Discount – Cars that have air bags or motorized seat belts can receive discounts of more than 20%.
• Discounts for Seat Belt Usage – Requiring all passengers to buckle up could save 15% off the personal injury premium cost.
• Student Discounts – Getting good grades could provide a savings of up to 20% or more. The good student discount can last until age 25.
• Waiver for an Accident – This isn’t a discount exactly, but companies like Liberty Mutual, GEICO and Allstate will turn a blind eye to one accident before raising your premiums if your claims history is clear prior to being involved in the accident.
• Early Renewal Discounts – A few insurance companies offer discounts for switching to them prior to your current A5 insurance policy expiring. It’s a savings of about 10%.
• Paperless Signup – Some of the larger companies provide a small discount just for signing your application digitally online.

Discounts lower rates, but many deductions do not apply to your bottom line cost. Some only apply to specific coverage prices like medical payments or collision. Despite the appearance that all those discounts means the company will pay you, car insurance companies aren’t that generous.

The illustration below shows the difference between Audi A5 insurance premiums with and without discounts applied to the premium. Data assumes a male driver, a clean driving record, no claims, Hawaii state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, homeowner, safe-driver, claim-free, and multi-policy discounts applied.

Auto insurance companies who may offer some of the above discounts include:

• American Family
• Nationwide
• MetLife
• 21st Century
• Farmers Insurance
• Allstate

Check with each company which discounts you qualify for. Some of the earlier mentioned discounts may not apply to policies in your area.

Coverage analysis

The rate information displayed next covers estimates of insurance policy prices for Audi A5 models. Understanding more about how insurance policy premiums are formulated can assist in making smart choices when buying a policy.

Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Premium costs do not factor in the specific area where the vehicle is garaged which can change insurance rates considerably.

Choosing deductibles

When shopping for car insurance, a common question is the level to set your comp and collision deductibles. The comparison tables below highlight the rate differences of buying low and high insurance deductibles. The first rate table uses a $250 deductible for comprehensive and collision coverage and the second rate table uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Table data does not factor in specific Honolulu garaging location which can affect premium rates noticeably.

Based on these figures, using a $250 deductible costs an average of $27 more each month or $324 for a full year than opting for the higher $1,000 deductible. Because 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 at a minimum 28 months between claim filings, you would probably save some money if you elect the higher deductible.

An important thing to remember is that raising deductibles results in a higher out-of-pocket expense at claim time. That will require enough money in the bank in order to pay the deductible to have repairs made.

The chart below shows how choosing a deductible and can raise or lower Audi A5 insurance premiums for each age group. The premium estimates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

Impact of violations and accidents on rates

The diagram below demonstrates how speeding tickets and fender-benders drive up Audi A5 yearly insurance costs for each different age group. Data assumes a married male driver, full coverage, $250 deductibles, and no additional discounts are factored in.

Comparison of full coverage and liability-only policies

The information below illustrates the difference between Audi A5 car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no violations or claims, $1,000 deductibles, single status, and no additional discounts are factored in.

When to switch to liability coverage only

There isn’t a steadfast formula that is best for determining when to drop comp and collision coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is 10% or more of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Audi A5 settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after paying your deductible. If it’s costing in excess of $300 a year to have full coverage, then it may be the right time to buy liability only.

There are a few cases where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.

Local insurance agents

Some people still prefer to get professional advice from a licensed agent and that can be a great decision Licensed agents will help you protect your assets and help you file claims. One of the great benefits of getting online price quotes is that drivers can save money and get the lowest rates but also keep your business local.

After filling out this form (opens in new window), the coverage information is sent to insurance agents in Honolulu who will return price quotes for your auto insurance coverage. It simplifies rate comparisons since you won’t have to visit any agencies because prices are sent directly to you. If you want to compare rates from a particular provider, feel free to navigate to their website to submit a rate quote request.

Picking an insurance company needs to be determined by more than just the price. Here are some questions you should ask.

• Do they receive special compensation for putting your coverage with one company over another?
• How will an accident affect your rates?
• Which companies can they place coverage with?
• Is vehicle damage repaired with OEM or aftermarket parts?
• Do they have cheaper tiers of coverage?
• Will the agent or a CSR service your policy?
• Is there a 24/7 contact number?

Best car insurance agent in Honolulu

When narrowing the list to find local Honolulu agents, there are a couple of different agency structures and how they can service your needs differently. Auto insurance agents can be categorized as either independent agents or exclusive agents. Either one can write auto insurance policies, but it is a good idea to know the difference between them since it may influence buying decisions.

Exclusive Auto Insurance Agencies

Exclusive agents generally can only insure with one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. They are unable to place coverage with different providers so they have to upsell other benefits. Exclusive agents are trained well in insurance sales which helps them compete with independent agents.

Listed below are Honolulu exclusive insurance agencies who can help you get price quotes.

More Honolulu agents

Independent Agents

Independent insurance agents are appointed with more than one company so they can quote policies amongst many companies and get you the best rates possible. If they find a cheaper price, an independent agent can move your coverage and the insured can keep the same agent.

If you are trying to find cheaper rates, it’s recommended you get quotes from a couple of independent agencies in order to have the best price comparison.

Shown below are Honolulu independent agents that are able to give price quotes.

More Honolulu agents

Lower Your Honolulu Insurance Costs

Lots of factors are considered when premium rates are determined. Some of the criteria are obvious such as your driving record, although some other factors are not as apparent like your continuous coverage or your vehicle rating.

Deter vehicle theft – Choosing a vehicle with a theft deterrent system can help bring down rates. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop car theft.

Vehicle risk impacts rates – The make and model of the car or truck you own makes a huge difference in your rates. Economy passenger vehicles normally have pretty low rates, but there are many factors that impact the final cost.

The next chart uses these assumptions: married male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Audi A5 insurance rates compared to other models of vehicles that have a range of performance risks.

Lower rates by increasing deductibles – Physical damage deductibles are how much you are willing to pay if a covered claim is submitted. Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some examples of claims that would be covered could be a windshield broken by a bird, collision with a deer, or theft of your vehicle. The larger the amount you are required to pay out-of-pocket, the lower your rates will be.

Use but don’t abuse your insurance – If you tend to file frequent claims, you can definitely plan on either a policy non-renewal or much higher rates. Companies in Hawaii give lower rates to insureds who are not frequent claim filers. Your insurance policy is intended to be relied upon for the large, substantial claims.

Insurance premiums and driver gender – Over the last 50 years, statistics have shown women are more cautious behind the wheel. The data does not necessarily mean that women are better drivers. Both sexes get in at-fault accidents at about the same rate, but men tend to have more serious accidents. Men also statistically get higher numbers of serious violations such as DWI and reckless driving.

The chart below illustrates the comparison of Audi A5 car insurance rates for male and female drivers. The prices are based on no claims, a clean driving record, comp and collision included, $500 deductibles, single status, and no policy discounts are applied.

Insurance loss statistics an Audi A5 – Companies use statistical claims data when they calculate premium rates for each model. Vehicles that are shown to have a trend towards higher claims will have a higher premium rate.

The data below shows the insurance loss data used by companies for Audi A5 vehicles. For each type of coverage, the claim amount for all vehicles averaged together is a value of 100. Values under 100 imply a favorable loss record, while numbers above 100 indicate a higher chance of having a claim or statistically larger claims.

Three reasons insurance is important

Even though it can be expensive, maintaining insurance is not optional due to several reasons.

• Almost all states have mandatory insurance requirements which means you are required to buy a specific level of liability insurance coverage in order to drive the car legally. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you bought your vehicle with a loan, almost every bank will require you to have insurance to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the lender may insure your Audi at a much higher rate and require you to reimburse them the higher premium.
• Insurance protects your Audi A5 and your assets. It will also reimburse you for medical bills for not only you but also any passengers injured in an accident. Liability insurance also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of having insurance more than offset the price you pay, especially with large liability claims. The average driver in Hawaii is wasting up to $869 every year so compare quotes from several companies at least once a year to make sure the price is not too high.

Auto insurance companies ranked

Buying coverage from the best insurance company can be rather challenging considering how many choices you have in Honolulu. The company ratings shown next may help you choose which car insurance companies to look at when comparing rate quotes.

Top 10 Honolulu Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. Progressive
8. Allstate
9. Nationwide
10. Liberty Mutual

Persistence will pay off

Budget-conscious Audi A5 insurance can be sourced on the web in addition to many Honolulu insurance agents, so you need to shop Honolulu auto insurance with both in order to have the best price selection to choose from. Some insurance providers may not have rates over the internet and usually these small, regional companies only sell through independent agents.

In this article, we covered some good ideas how to find affordable Audi A5 insurance in Honolulu. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your rates. You may even find the most savings is with an unexpected company. Regional companies may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.

More articles

• How Can I Save Money on Auto Insurance? (Insurance Information Institute)
• Who Has Affordable Car Insurance for Hybrid Vehicles in Honolulu? (FAQ)
• How Much are Honolulu Car Insurance Rates for Single Moms? (FAQ)
• Who Has Affordable Car Insurance Rates for Drivers Over Age 70 in Honolulu? (FAQ)
• Who Has the Cheapest Honolulu Car Insurance Rates for High Mileage Drivers? (FAQ)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
• Insurance Losses by Make and Model (iihs.org)