Nobody I know fancies paying their premiums for insurance, in particular when they could find lower prices if they just compared rates.
Unbelievably, over 70% of consumers kept buying from the same company for four years or more, and just under half have never compared rates to find cheap insurance. Norfolk consumers can cut their rates by up to $500 a year, but they underestimate how much money they would save if they bought a different policy.
Having so many options for buying cheaper insurance for an Audi A7 in Norfolk, it is hard for the average consumer to locate the lowest cost insurance company.
Our goal in writing this article help you learn the best way to quote coverages and also save some money in the process If you currently have auto insurance, you will definitely be able to save money using this strategy. But Virginia car owners can benefit by having an understanding of the way insurance companies calculate your policy premium and use it to find better rates.
Which Audi A7 insurance is cheapest in Norfolk, Virginia?
Keep in mind that comparing a large number of companies will enable you to find better pricing.
The auto insurance companies shown below offer free rate quotes in Virginia. If several companies are displayed, we recommend you get prices from several of them to get the most affordable price.
Three good reasons to insure your vehicle
Even though it can be expensive, car insurance is required by state law in Virginia and it also provides benefits you may not be aware of.
First, the majority of states have minimum mandated liability insurance limits which means you are required to carry a specific level of liability insurance in order to be legal. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
Second, if you have a lien on your vehicle, almost every bank will force you to buy full coverage to protect their interest in the vehicle. If coverage lapses or is cancelled, the bank will be required to insure your Audi for a much higher rate and force you to pay for the expensive policy.
Third, car insurance preserves both your assets and your car. It will also pay for all forms of medical expenses that are the result of an accident. Liability insurance also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of having insurance are definitely more than the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver overpays as much as $700 annually so it's recommended you shop around at every renewal to help ensure money is not being wasted.
Insurance advertising gotchas
Big name companies like Progressive, GEICO, Allstate and State Farm consistently run ads on television and other media. They all advertise the message that people will save just by moving your insurance policy to them. How does each company claim to save you money? You have to listen carefully.
Insurance companies are able to cherry pick for the right customer that will add to their bottom line. For instance, a profitable risk profile might have to be over age 30, has other policies, and has excellent credit. A propective insured who fits that profile may get the lowest rates in Norfolk and have a good chance to save when they switch companies.
Drivers who cannot meet those standards must pay a more expensive rate which leads to business not being written. The ads state "customers that switch" not "everyone who quotes" save that much money. That's the way insurance companies can confidently make the claims of big savings.
This really illustrates why you need to compare price quotes frequently. Because you never know with any certainty which company will provide you with the cheapest Audi A7 insurance in Norfolk.
Auto insurance quotes and discounts
Buying auto insurance is not cheap, but there's a good chance there are discounts that could help you make your next renewal payment. Certain credits will be shown when you get a quote, but a few must be requested specifically before they will apply.
- Good Grades Discount - Being a good student can be rewarded with saving of up to 25%. You can use this discount normally until age 25.
- Discount for Low Mileage - Keeping the miles down on your Audi could qualify for substantially lower premium rates.
- Distant Student - College-age children who attend college more than 100 miles from Norfolk and do not have access to a covered vehicle could get you a discount.
- Anti-lock Brake Discount - Vehicles with anti-lock braking systems can stop better under adverse conditions so companies give up to a 10% discount.
- Organization Discounts - Affiliation with qualifying clubs or civic groups could earn you a nice discount when getting a Norfolk car insurance quote.
Just know that some of the credits will not apply to all coverage premiums. Most only apply to the cost of specific coverages such as comprehensive or collision. So even though it sounds like having all the discounts means you get insurance for free, auto insurance companies aren't that generous.
The best auto insurance companies and their offered discounts include:
- State Farm policyholders can earn discounts including defensive driving training, accident-free, multiple policy, good student, Steer Clear safe driver discount, and passive restraint.
- Progressive has savings for multi-vehicle, continuous coverage, online signing, online quote discount, homeowner, and multi-policy.
- Travelers may offer discounts for payment discounts, multi-car, save driver, new car, IntelliDrive, good student, and home ownership.
- American Family may include discounts for good student, mySafetyValet, multi-vehicle, TimeAway discount, and good driver.
- Liberty Mutual offers discounts for newly retired, teen driver discount, new graduate, hybrid vehicle, multi-car, and multi-policy.
If you need affordable Norfolk car insurance quotes, ask every prospective company how many discounts you can get. Some credits may not apply to policyholders in Norfolk. To view insurance companies with discount auto insurance rates in Norfolk, click here.
Getting quotes from local Norfolk auto insurance agents
Certain consumers still like to have an agent's advice and often times that is recommended One of the best bonuses of comparing rate quotes online is the fact that you can find the best rates and still buy from a local agent. Buying insurance from local agencies is still important in Norfolk.
To find an agent, once you fill out this form (opens in new window), your information is emailed to insurance agents in Norfolk who want to provide quotes for your business. You never need to contact any agents due to the fact that quote results will go immediately to your email address. You can find lower rates without having to waste a lot of time. If you wish to compare prices for a specific company, feel free to find their quoting web page and fill out the quote form the provide.
When researching a good insurance agency, you should know the different types of agents that you can choose from. Agencies in Norfolk are either independent or exclusive.
Independent Insurance Agents
Independent agents are not employed by one company and that allows them to write policies with many different companies and find the cheapest rate. If your agent finds better pricing, they simply move the coverage in-house which makes it simple for you. If you need lower rates, you need to get rate quotes from at a minimum one independent agency for the best price selection.
Below is a small list of independent agents in Norfolk that can possibly get you free insurance quotes.
Pace Insurance Inc
6914 N Military Hwy - Norfolk, VA 23518 - (757) 855-8033 - View Map
Met Life Auto and Home Insurance
Norfolk, VA 23502 - Norfolk, VA 23502 - (757) 747-2381 - View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive have only one company to place business with such as Farmers Insurance, Allstate, or State Farm. They are unable to provide other company's prices so you need to shop around if the rates are high. Exclusive agents receive extensive training on their company's products which helps them compete with independent agents.
Listed below is a short list of exclusive insurance agencies in Norfolk willing to provide price quote information.
Ronnie Vigneault - State Farm Insurance Agent
211 E City Hall Ave #14 - Norfolk, VA 23510 - (757) 625-1019 - View Map
Finding a good insurance agent shouldn't rely on just the bottom line cost. The following questions are important to ask.
- In the event of vehicle damage, can you pick the collision repair facility?
- Are they able to provide referrals?
- Can they help ensure a fair claim settlement?
- If you raise deductibles, how much can you save?
- Will the company cover a rental car if your car is getting fixed?
- Are they giving you every discount you deserve?
Insurance coverage breakdown
Having a good grasp of your policy can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on the average insurance policy.
Comprehensive coverage (or Other than Collision) - This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.
Comprehensive can pay for claims like damage from a tornado or hurricane, falling objects, hail damage, a broken windshield and hitting a deer. The highest amount your insurance company will pay is the cash value of the vehicle, so if it's not worth much more than your deductible consider dropping full coverage.
Coverage for liability - This provides protection from damage or injury you incur to a person or their property that is your fault. It protects you against other people's claims, and doesn't cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/20 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $20,000. Alternatively, you may have a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.
Liability insurance covers things like medical services, legal defense fees, attorney fees and court costs. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible. Virginia state minimum liability requirements are 25/50/20 but you should consider buying more coverage.
Uninsured Motorist or Underinsured Motorist insurance - Your UM/UIM coverage protects you and your vehicle when the "other guys" do not carry enough liability coverage. Covered losses include injuries to you and your family and damage to your Audi A7.
Because many people only carry the minimum required liability limits (Virginia limits are 25/50/20), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these coverages are set the same as your liability limits.
Insurance for medical payments - Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like prosthetic devices, hospital visits, chiropractic care and surgery. They are often utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
Collision coverage - This coverage covers damage to your A7 caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like colliding with another moving vehicle, hitting a mailbox, rolling your car, driving through your garage door and crashing into a building. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. It's also possible to choose a higher deductible on your A7 to get cheaper collision coverage.
Lower rates by being persistent
Some insurance providers may not have price quotes online and many times these smaller companies only sell through independent agencies. Budget-friendly car insurance in Norfolk can be sourced from both online companies as well as from independent agents in Norfolk, so you need to compare both to have the best rate selection.
As you shop your coverage around, it's not a good idea to skimp on coverage in order to save money. There have been many situations where an insured cut physical damage coverage only to regret at claim time that it was a big mistake. The aim is to purchase plenty of coverage at the best price and still be able to protect your assets.
More learning opportunities
- Parking Tips to Reduce Door Dings (State Farm)
- Who Has Cheap Car Insurance in Virginia? (FAQ)
- Who Has Affordable Auto Insurance for Uninsured Drivers in Virginia? (FAQ)
- Who Has Cheap Auto Insurance for a Ford Escape in Virginia? (FAQ)
- Who Has Cheap Auto Insurance Rates for Felons in Virginia? (FAQ)
- What Car Insurance is Cheapest for Teenagers in Virginia? (FAQ)
- How Much are Auto Insurance Rates for Good Students in Virginia? (FAQ)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- Tread Depth and Tire Safety (State Farm)