How to Save on Chicago Audi A3 Insurance

Finding the best price on Chicago car insurance may appear to be difficult at first if you have never taken advantage of rate quotes online. But don’t be dismayed because we’re going to show you how to find lower-cost Audi A3 in Chicago.

It’s hard to fathom, but over 70% of Illinois drivers have purchased from the same company for more than four years, and nearly half have never taken the time to shop around. U.S. consumers could pocket approximately $859 a year, but they don’t believe the amount of savings they would get if they replace their high priced policy.

Comparing rates for the most affordable protection in Chicago is simple if you know the tricks. Practically every vehicle owner who buys auto insurance will most likely be able to cut their insurance bill. Nevertheless, Illinois consumers do need to learn how insurance companies determine how much to charge and use this information to your advantage.

Most larger insurance companies like Progressive, Allstate and GEICO provide coverage price quotes on their websites. Obtaining pricing for Audi A3 insurance in Chicago is very simple as you simply enter the coverage amounts you desire into the quote form. Once entered, their rating system collects information on your driving record and credit history and generates a price based on the data you entered.

Using the web to get quotes for Audi A3 insurance in Chicago makes it simple to compare prices and it’s necessary to have as many quotes as possible if you are searching for affordable rates.

If you want to compare rates now, compare rate quotes from the providers shown below. If you have your current policy handy, we recommend you copy your coverages identical to your current policy. This ensures you will get a price comparison using the same coverage and limits.

The companies shown below are ready to provide price comparisons in Illinois. If the list has multiple companies, we recommend you get rate quotes from several of them to get the cheapest price.

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Illinois minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in garaging location in Chicago which can raise or lower premiums greatly.

Higher deductibles save money

The diagram below illustrates how your deductible choice and can impact Audi A3 insurance costs for each age group. Data assumes a married male driver, full physical damage coverage, and no discounts are taken into consideration.

Can higher deductibles save money?

One of the hardest decisions when shopping for auto insurance is how low should you set your deductibles. The following insurance rates may help to illustrate how much more you’ll pay when you choose different insurance deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Premium amounts do not factor in specific location which can affect auto insurance rates considerably.

Using the data above, we can ascertain that using a $100 deductible could cost the average driver approximately $30 more each month or $360 a year than buying the higher $1,000 deductible. Since you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 30 months between claims, you would most likely save money going with the higher deductible. The table below shows an example of how you can come to your own conclusion.

One important issue to know is that raising deductibles to save money results in a higher out-of-pocket expense when you have to file a claim. You need to have some extra savings in the event you have to pay the higher deductible.

Annual premiums for males versus females in Chicago

The example below visualizes the comparison of Audi A3 car insurance costs for male and female drivers. The prices are based on a clean driving record, no claims, full physical damage coverage, $100 deductibles, single marital status, and no other discounts are factored in.

Here’s why insurance is not optional

Even though Chicago A3 insurance rates can get expensive, maintaining insurance serves a purpose in several ways.

• Almost all states have minimum liability requirements which means state laws require a specific level of liability coverage in order to license the vehicle. In Illinois these limits are 20/40/15 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If your Audi has a lien holder, most banks will have a requirement that you buy insurance to guarantee payment of the loan. If you default on your policy, the bank may insure your Audi for a much higher rate and force you to pay for the expensive policy.
• Insurance preserves not only your vehicle but also your assets. It will also pay for all forms of medical expenses for yourself as well as anyone injured by you. Liability coverage also pays for attorney fees and expenses if you cause an accident and are sued. If your Audi gets damaged, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.

The benefits of insuring your A3 definitely exceed the cost, particularly when you have a large claim. An average driver in America is wasting up to $865 each year so it’s recommended you shop around once a year at a minimum to help ensure money is not being wasted.

Save $439 a year! What?

Insurance companies such as Progressive, Allstate and GEICO endlessly run ads on TV and radio. They all make the point that drivers can save some big amount after switching to their company. But how can every company charge less that you’re paying now?

Different companies quote the lowest rates for the right customer that will most likely be profitable. For example, this type of insured may need to be between 25 and 40, owns their home, and has excellent credit. Someone who matches that profile will qualify for the lowest rates in Chicago and as a result will probably save some money.

Potential insureds who don’t meet the ideal profile may be forced to pay a higher premium which leads to the customer buying from a different company. The ads state “drivers who switch” not “everybody who quotes” will save that much if they switch. That’s the way insurance companies can make those claims.

Different companies use different criteria so you should get a wide range of price quotes. You cannot predict which company will have better prices than you’re paying now.

Companies offer money-saving discounts on Audi A3 insurance in Chicago

Companies that sell car insurance don’t list all their discounts in a way that’s easy to find, so the list below details both well-publicized and the more hidden credits that may apply to you. If you check and find you aren’t receiving every discount possible, you could be paying more than you need to.

• Bundle and Save – If you can combine your auto and home policy and place coverage with the same company you may save nearly 15% which can help you find the cheapest Audi A3 insurance in Chicago.
• Own a Home and Save – Owning a home in Chicago can save you money due to the fact that maintaining a home means you have a higher level of financial diligence.
• Sign Early and Save – A few auto insurance companies allow discounts for switching to them early. You may see this discount when you get Chicago car insurance quotes online.
• Sign Online – Some of the larger companies provide a small discount for buying a policy and signing up on the internet.
• First Accident Forgiveness – Not really a discount, but certain companies may permit one accident before raising your premiums if you are claim-free prior to the accident.
• Air Bags and Passive Restraints – Vehicles equipped with air bags could see savings of 20 to 30 percent.
• Defensive Driver Discounts – Taking part in a course in safe driver could cut 5% off your bill if your company offers it.
• Responsible Driver Discount – Drivers without accidents may receive a discount up to 45% than their less cautious counterparts.
• Theft Deterrent System – Cars and trucks with anti-theft systems help deter theft so companies will give you a small discount.

A little disclaimer on discounts, most discount credits are not given to your bottom line cost. Some only reduce specific coverage prices like comp or med pay. So when the math indicates it’s possible to get free car insurance, companies don’t profit that way.

For a list of providers with discount rates in Chicago, click here.

Insurance quotes from local Chicago insurance agents

Some consumers prefer to get professional advice from a licensed agent and we recommend doing that One of the great benefits of comparing rates online is the fact that drivers can get cheap insurance rates and still have a local agent. Buying insurance from small agencies is definitely important in Chicago.

Upon completion of this form (opens in new window), your coverage information is sent to insurance agents in Chicago who want to provide quotes for your coverage. It’s much easier because you don’t need to contact any insurance agencies because prices are sent to you directly. You can find lower rates without requiring a lot of work. In the event you want to get a rate quote from one company in particular, feel free to find their quoting web page and fill out the quote form the provide.

The type of auto insurance agent you choose is important

If you are wanting to find a good insurance agency, it’s important to understand the different agency structures and how they can write your policy. Agents can be categorized as either exclusive or independent agents depending on their company appointments.

Independent Agencies or Brokers

Agents that elect to be independent can quote rates with many companies so they have the ability to put coverage with multiple insurance companies and find you cheaper rates. If your agent finds better pricing, your agent can just switch to a different company which makes it simple for you. When comparing insurance prices, we highly recommend that you check rates from at least one independent agent to ensure the widest selection of prices. They also have the ability to place coverage with small mutual carriers that can offer cheaper rates than bigger companies.

Listed below is a small list of independent agents in Chicago who may be able to give you rate quotes.

• American Auto Insurance
  3201 N Harlem Ave #1 – Chicago, IL 60634 – (773) 286-3500 – View Map
• Illinois Vehicle Auto Insurance (Xpert)
  1858 W 18th St – Chicago, IL 60608 – (312) 226-1033 – View Map
• Serpe Insurance Agency
  2538 N Lincoln Ave – Chicago, IL 60614 – (773) 871-0808 – View Map

More insurance agents

Exclusive Insurance Agents

Exclusive insurance agents can only write with one company and examples are AAA, Allstate, and State Farm. Exclusive agents are unable to provide prices from multiple companies so you need to shop around if the rates are high. Exclusive insurance agents are usually well trained on their company’s products and that enables them to sell even at higher rates. Some people will only use the same agent mostly because of loyalty to the company rather than low rates.

Below are exclusive insurance agencies in Chicago willing to provide price quote information.

• Bill Dillard – State Farm Insurance Agent
  516 W Diversey Pkwy – Chicago, IL 60614 – (773) 549-2605 – View Map
• Mike Matkowskyj – State Farm Insurance Agent
  2452 W Chicago Ave – Chicago, IL 60622 – (773) 486-4444 – View Map
• Liane Williams – State Farm Insurance Agent
  3143 W 71st St – Chicago, IL 60629 – (773) 436-7500 – View Map

More insurance agents

Picking an car insurance agent should depend on more than just a cheap price quote. Here are some questions you should ask.

• How would your car be valued if totalled?
• Where are claims handled?
• Which insurance company do they prefer to write with?
• Is coverage determined by price?
• Do they specialize in personal lines coverage in Chicago?
• Is the agency covered by Errors and Omissions coverage?
• Will the quote change when the policy is issued?

Don’t assume everyone needs the same car insurance coverage

Keep in mind that when it comes to choosing insurance from an agent or online for your personal vehicles, there really is not a one-size-fits-all type of policy. Your needs are not the same as everyone else’s and your car insurance should be unique as well.
For instance, these questions could help you determine if you would benefit from an agent’s advice.

• Is a blown tire covered by insurance?
• Should I pay a claim out-of-pocket?
• Why are teen drivers so expensive to add on to my policy?
• Can I get a multi-policy discount?
• Should I waive the damage coverage when renting a car?
• What is roadside assistance coverage?
• When should I remove comp and collision on my Audi A3?
• Does my personal policy cover me when driving out-of-state?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of car insurance companies in your area.

One last thing to lower rates

Budget-friendly insurance in Chicago is possible from both online companies and with local Chicago insurance agents, so you need to quote Chicago car insurance with both to have the best selection. There are still a few companies who may not have online price quotes and most of the time these smaller companies only sell through independent agents.

In this article, we covered some good ideas how you can get a better price on Audi A3 insurance in Chicago. It’s most important to understand that the more price quotes you have, the better your chances of lowering your car insurance rates. Consumers could even find that the best rates are with some of the lesser-known companies. Regional companies may often insure only within specific states and give better rates than the large multi-state companies such as State Farm or Progressive.

Additional articles

• Auto Insurance for Teen Drivers (Insurance Information Institute)
• Who Has the Cheapest Auto Insurance Rates for a Ford Explorer in Chicago? (FAQ)
• What Insurance is Cheapest for a Toyota Tacoma in Chicago? (FAQ)
• Who Has Affordable Chicago Car Insurance Quotes for Drivers Over Age 60? (FAQ)
• Who Has the Cheapest Auto Insurance for College Graduates in Chicago? (FAQ)
• Vehicle Safety Ratings (iihs.org)
• How to Avoid Buying a Flooded Car (Insurance Information Institute)