Statistics show that the vast majority of consumers have stayed with the same insurance company for more than four years, and just short of a majority have never compared rates with other companies. Many consumers in New Orleans could save 35% a year by just shopping around, but most undervalue the amount of savings they would get if they bought a different policy.
The recommended way to get low-cost auto insurance rates in New Orleans is to compare quotes annually from insurers who sell auto insurance in Louisiana. Drivers can shop around by following these steps.
Step 1: Take a few minutes and learn about policy coverages and the measures you can take to lower rates. Many rating factors that result in higher rates such as traffic violations, accidents, and a negative credit score can be rectified by paying attention to minor details. Read the full article for more details to help prevent expensive coverage and get bigger discounts.
Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO and Allstate, while agents who are independent can provide rate quotes for a wide range of insurance providers. Click to view companies
Step 3: Compare the quotes to your existing coverage to determine if switching companies saves money. If you find a lower rate and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
The critical component of shopping around is that you’ll want to make sure you compare the same liability limits and deductibles on every price quote and and to get price quotes from every company you can. This provides a fair price comparison and a complete price analysis.
Comparison shopping for cheaper coverage in New Orleans is easy to do. If you already have coverage or are shopping for new coverage, you can use this information to cut your premiums and possibly find even better coverage. Consumers just have to learn the fastest way to compare price quotes from many companies at once.
How do Insurers Determine Audi S6 Insurance Premiums?
Lots of factors are part of the calculation when pricing auto insurance. Some factors are common sense such as your driving record, although others are more obscure like your vehicle usage and annual miles driven. Part of the auto insurance buying process is learning the factors that go into determining the rates you pay for auto insurance. If you have a feel for what determines premiums, this enables you to make decisions that could result in cheaper rates.
Men are more aggressive – Over time, data shows that females take fewer risks when driving. The data does not necessarily mean that females are better at driving than males. Females and males get in accidents at a similar rate, but the men cause more damage. Men also statistically have more aggressive citations such as DWI and reckless driving. Males from age 16 to 21 tend to get in the most accidents and therefore pay the highest rates.
The illustration below shows the comparison of Audi S6 auto insurance rates for male and female drivers. The data assumes a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, drivers are single, and no discounts are applied.
Infrequent drivers can save – The higher the mileage driven in a year’s time the more it will cost to insure it. Most companies price each vehicle’s coverage based upon how the vehicle is primarily used. Cars and trucks that have low annual miles cost less to insure than cars that get driven a lot. Incorrect rating for your S6 can cost quite a bit. It’s a good idea to make sure your vehicle rating shows the right rating data, because it can save money.
Single drivers may get higher premiums – Having a spouse can actually save you money compared to being single. Marriage is viewed as being more mature and responsible it has been statistically shown that drivers who are married file infrequent claims.
Credit rating impacts premium costs – Having a bad credit score is likely to be a major factor in your rate calculation. Insureds with excellent credit tend to be better drivers and file fewer claims than drivers with lower credit ratings. So if your credit rating can use some improvement, you could be paying less to insure your Audi S6 by improving your rating.
Reserve insurance claims for larger damages – If you are the type of insured that files lots of claims you can look forward to either policy cancellation or increased premiums. Car insurance companies in Louisiana give most affordable rates to people who are not frequent claim filers. Your car insurance is meant to be used in the event of larger claims.
How much liability coverage do you need? – Liability coverage will protect you if a jury decides you are liable for causing damage or personal injury in an accident. Liability insurance provides legal defense coverage up to the limits shown on your policy. This coverage is very inexpensive compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
If you don’t need it don’t buy it – There are many add-on coverages that sound like a good idea at the time but may not be useful. Add-on coverages like roadside assistance, better glass coverage, and term life insurance may not be needed and are just wasting money. They may sound like good ideas when you first buy your policy, but if you have no use for them remove them from your policy.
Optional features that cut premiums – Owning a car with anti-theft technology or alarm system can save you some money. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart auto theft and help lower rates.
Audi S6 insurance loss statistics – Insurers use data from past claims when they calculate premium prices for each model. Vehicles that have a trend towards higher claim severity or frequency will be charged more to insure.
The table below demonstrates the collected loss data for Audi S6 vehicles. For each insurance policy coverage type, the statistical loss for all vehicles combined as an average equals 100. Values that are 100 or less imply a favorable loss record, while numbers shown that are more than 100 indicate more frequent losses or tendency to have higher losses.
|Specific Audi Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Audi S6 4dr 4WD||228||52||294|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Detailed insurance information
The premium information displayed next highlights different prices for Audi S6 models. Having a better understanding of how insurance prices are determined can be useful when making decisions on which insurance to purchase.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|S6 Quattro 4-Dr Sedan||$436||$848||$478||$28||$144||$1,934||$161|
|Get Your Own Custom Quote Go|
Data rating is based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in specific location which can alter rates greatly.
Rate increases following a ticket or accident
The diagram below highlights how traffic violations and accident claims can increase Audi S6 annual premium costs for each different age group. The costs are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.
Should you buy full coverage?
The diagram below illustrates the difference between Audi S6 car insurance rates with and without full coverage. The rates are based on no claims or driving violations, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
When to stop buying comprehensive and collision coverage
There is no set guideline that works best for making the decision to drop physical damage insurance, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s say your Audi S6 replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after paying the physical damage deductible. If premiums are more than $800 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are some conditions where dropping full coverage is not financially feasible. If you still have a loan on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.
Car insurance quotes and discounts
Car insurance can be pricey, but there could be available discounts that may help make it more affordable. Some discounts apply automatically when you purchase, but a few must be manually applied before they will apply.
- Air Bag Discount – Vehicles equipped with air bags may get savings of 25 to 30%.
- Senior Discount – Older drivers can possibly qualify for a small discount on rates.
- Pay Early and Save – If you pay your bill all at once rather than spreading payments over time you may reduce your total bill.
- ABS and Traction Control Discounts – Vehicles with ABS braking systems or traction control are safer to drive so you can save 10 percent or more.
- Save with a New Car – Buying a new car model can be considerably cheaper because newer vehicles keep occupants safer.
As a sidenote, some credits don’t apply to all coverage premiums. A few only apply to specific coverage prices like liability and collision coverage. Even though it may seem like you would end up receiving a 100% discount, you’re out of luck.
The illustration below shows the comparison of Audi S6 insurance costs with and without discounts applied. The premiums are based on a female driver, no violations or accidents, Louisiana state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, multi-policy, safe-driver, and marriage discounts applied.
To see a list of car insurance companies that offer some of these discounts in Louisiana, click here to view.
Louisiana car insurance company ratings
Insuring your vehicle with the top auto insurance company can be difficult considering how many companies sell insurance in Louisiana. The information below may help you pick which auto insurers to look at comparing rates with.
Top 10 New Orleans Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Top 10 New Orleans Car Insurance Companies Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
You can find affordable coverage
Consumers change insurance companies for any number of reasons including high rates after DUI convictions, high prices, not issuing a premium refund or policy cancellation. No matter why you want to switch, finding a new company is easier than you think.
Cost effective Audi S6 insurance can be bought online and from local insurance agents, and you need to price shop both to have the best rate selection. Some companies may not have online rate quotes and most of the time these regional carriers sell through independent insurance agencies.
In this article, we covered a lot of tips how to get a better price on Audi S6 insurance in New Orleans. It’s most important to understand that the more price quotes you have, the better likelihood of getting affordable New Orleans car insurance quotes. Drivers may even discover the lowest priced auto insurance comes from a small local company.
To read more, feel free to browse the resources below:
- Car Insurance: When not to Skimp (BankRate.com)
- Who Has Cheap Car Insurance for Uber Drivers in New Orleans? (FAQ)
- Who Has Cheap Auto Insurance for Nurses in New Orleans? (FAQ)
- How Much is Car Insurance for a Toyota Camry in New Orleans? (FAQ)
- Who Has the Cheapest New Orleans Auto Insurance for Postal Workers? (FAQ)
- How Much are New Orleans Car Insurance Rates for Handicapped Drivers? (FAQ)
- Who Has Cheap New Orleans Car Insurance Rates for Electric Cars? (FAQ)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Help Your Teen Be a Better Driver (State Farm)
- What to do at the Scene of an Accident (Insurance Information Institute)