Feel like you're a prisoner to overpriced Audi TT insurance in Milwaukee? Don't feel bad because there are lots of Milwaukee residents who feel the same.
A recent study showed that a large majority of drivers kept buying from the same company for at least the last four years, and just under half have never even shopped around for cheap coverage. Wisconsin insurance shoppers can save hundreds of dollars each year just by comparing rates, but they don't believe the actual amount they would save if they switched. Drivers have multiple insurance companies to buy insurance from, and even though it's nice to have multiple companies, it can be more difficult to compare rates and find the lowest cost auto insurance.
Finding affordable auto insurance coverage in Milwaukee can be easy if you know a few tricks. If you have insurance now or need new coverage, you will benefit by learning to reduce premiums without reducing coverage. Drivers just need to understand the proper way to get comparison quotes from many different companies online.
Why You Might Pay Higher Rates in Milwaukee
An important part of buying insurance is that you know the different types of things that come into play when calculating your auto insurance rates. When you understand what influences your rates, this allows you to make educated decisions that may result in lower auto insurance prices. Many different elements are part of the calculation when pricing auto insurance. Most are fairly basic such as your driving record, although others are not quite as obvious such as your marital status or your vehicle rating.
Rates impacted by vehicle usage - The more miles you rack up on your Audi every year the more you'll pay to insure it. The majority of insurers price each vehicle's coverage based upon how much you drive. Cars and trucks that are left in the garage cost less to insure than cars that get driven a lot. Improper usage on your TT can cost quite a bit. Double check that your auto insurance policy states annual mileage.
Lower rates come with age - More experienced drivers have been proven to be more responsible, tend to file fewer claims, and get fewer tickets.Beginning drivers are proven to be less responsible when behind the wheel and because of this, their auto insurance rates are much higher.
Gaps in coverage mean higher prices - Not maintaining insurance is not a good idea and any future policy may cost more because you let your insurance coverage expire. And not only will insurance be more expensive, being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license.
Don't skimp on liability coverage - Liability insurance will provide protection in the event that you are ruled to be at fault for damages caused by your negligence. It provides you with a defense in court up to the limits shown on your policy. Liability is cheap when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
Poor credit decisions can cost you - Having a bad credit rating is a big factor in determining premium rates. If your credit can be improved, you could be paying less to insure your Audi TT by improving your rating. Drivers who have very good credit scores tend to be better drivers and file fewer claims than those with poor credit scores.
High coverage deductibles cost less - The deductibles you choose represent how much money you are required to pay in the event of a claim. Insurance for physical damage to your car, also known as collision and other-than-collision, insures against damage to your car. Examples of some claims that would be covered are collision with another vehicle, vandalism, and damage from wind. The more damage repair cost you have to pay, the lower your rates will be.
Loss statistics for an Audi TT - Insurance companies factor in historical loss data to help calculate premium prices. Vehicles that the statistics show to have a trend towards higher claim severity or frequency will have increased rates.
The data below shows the compiled insurance loss statistics for Audi TT vehicles. For each coverage category, the claim amount for all vehicles, as a total average, is represented as 100. Values that are below 100 suggest a positive loss record, while numbers that are greater than 100 indicate a higher chance of having a claim or an increased chance of larger losses than average.
Auto Insurance Loss Data for Audi TT Models
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Audi TT 2dr 4WD||168||111|
|Audi TTS 2dr 4WD||141|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
The providers in the list below provide price comparisons in Wisconsin. If several companies are displayed, we recommend you visit several of them to find the most competitive car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|TT 2.0T Quattro 2-Dr Coupe||$156||$338||$260||$16||$78||$848||$71|
|TT 2.0T Quattro 2-Dr Coupe||$214||$458||$298||$18||$90||$1,078||$90|
|TT 2.0T Quattro 2-Dr Coupe||$140||$272||$216||$12||$64||$704||$59|
|TT S 2.0T Quattro 2-Dr Coupe||$194||$364||$234||$14||$70||$876||$73|
|TT 2.0T Quattro 2-Dr Roadster||$168||$356||$310||$18||$92||$944||$79|
|TT 2.0T Quattro 2-Dr Roadster||$156||$314||$220||$14||$66||$770||$64|
|TT S 2.0T Quattro 2-Dr Coupe||$194||$364||$234||$14||$70||$876||$73|
|TT S 2.0T Quattro 2-Dr Roadster||$196||$426||$278||$16||$84||$1,000||$83|
|TT 2.0T Quattro 2-Dr Roadster||$174||$290||$302||$18||$90||$874||$73|
|TT S 2.0T Quattro 2-Dr Roadster||$210||$436||$220||$14||$66||$946||$79|
|Get Your Own Custom Quote Go|
Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Price estimates do not factor in vehicle location which can change auto insurance rates significantly.
How violations and accidents impact rates
The chart below highlights how traffic violations and at-fault collisions influence Audi TT yearly insurance costs for different age categories. The prices are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
Does full coverage make sense?
The example below shows the comparison of Audi TT auto insurance rates when comparing full coverage to liability only. The premium estimates are based on no accidents or driving violations, $500 deductibles, married female driver, and no discounts are taken into consideration.
When to switch to liability coverage only
There is no clear-cut rule for eliminating physical damage insurance, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let's assume your Audi TT book value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after the deductible is paid. If premium cost is more than $500 annually to have full coverage, then you might want to think about dropping full coverage.
There are some cases where dropping physical damage coverage is not advised. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Audi TT annual premiums for males versus females
The chart below shows the comparison of Audi TT car insurance rates for male and female drivers. The data assumes no driving violations, no at-fault accidents, full coverage, $250 deductibles, single marital status, and no discounts are factored in.
Insurance does more than just repair your car
Even though it's not necessarily cheap to insure an Audi in Milwaukee, insurance serves a purpose in several ways.
- The majority of states have compulsory liability insurance requirements which means you are required to carry specific limits of liability insurance coverage if you want to drive legally. In Wisconsin 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 your Audi has a lien holder, most banks will require that you buy full coverage to protect their interest in the vehicle. If the policy lapses, the bank may insure your Audi at an extremely high rate and make you pay for it.
- Insurance preserves both your assets and your vehicle. It also can pay for most medical and hospital costs for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay to defend you if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.
The benefits of having insurance more than cancel out the cost, specifically if you ever have a liability claim. As of last year, the average driver in Wisconsin is overpaying over $865 each year so you should quote and compare rates at every policy renewal to save money.
Verify you're earning every discount
Insurance is expensive, but there may be some discounts that many consumers don't even know exist. Many of these discounts will be applied automatically when you complete an application, but a few must be specifically requested before you will receive the discount.
- Full Payment Discount - If you pay your bill all at once rather than paying monthly you could save up to 5%.
- Discount for Passive Restraints - Vehicles equipped with air bags or automatic seat belts can receive discounts of 20 to 30 percent.
- Multi-line Discount - Not all insurance companies offer life insurance, but some may give you a small discount if you purchase auto and life insurance together.
- Home Ownership Discount - Being a homeowner can save you money since home ownership demonstrates responsibility.
- Telematics Data - Insureds that choose to allow driving data collection to scrutinize their driving habits by using a telematics device such as Allstate's Drivewise and State Farm's In-Drive system might see lower rates as long as the data is positive.
- Bundled Policy Discount - If you combine your auto and homeowners policies and insure them both with the same insurance company you could earn a discount of at least 10% off all policies.
- Club Memberships - Being a member of a civic or occupational organization in Milwaukee is a simple method to lower premiums when getting a Milwaukee car insurance quote.
- Drivers Education - Have your child enroll in driver's education as it will make them better drivers and lower rates.
- Government Employee Discount - Simply working for the federal government could provide a small rate reduction but check with your company.
As a footnote on discounts, most discount credits are not given to your bottom line cost. A few only apply to specific coverage prices like collision or personal injury protection. Even though it appears all those discounts means the company will pay you, nobody gets a free ride.
Insurance companies that may offer some of the above discounts possibly include:
When getting a coverage quote, ask each insurance company which discounts can lower your rates. Some credits may not be available in Milwaukee.
Insurance agencies are trained to help
A lot of people just want to get professional advice from a licensed agent and that is recommended in a lot of cases Insurance agents are trained risk managers and help you file claims. One of the best bonuses of comparing rate quotes online is you can get cheaper premium rates and still have an agent to talk to.
To make it easy to find an agent, after completing this simple form, your insurance data gets sent to agents in your area that give free quotes for your insurance coverage. It makes it easy because there is no need to contact any agents because prices are sent directly to your email. If you want to get a comparison quote from a specific company, just search and find their rate quote page and complete a quote there.
Finding the right insurance company shouldn't rely on just a cheap price quote. The following questions are important to ask.
- What are the financial ratings for the companies they represent?
- Can you contact them at any time?
- Does the agent have a valid license to sell insurance in Wisconsin?
- Does the agency provide any after hours assistance?
- What companies can they write with?
- Are claims handled at the agent's location?
- Will the quote change when the policy is issued?
- Will one accident increase rates?
Listed below are agents in Milwaukee who can help you get comparison quotes for Audi TT insurance in Milwaukee.
Which is the best car insurance?
Keep in mind that when it comes to choosing adequate coverage for your vehicles, there really isn't a one-size-fits-all type of policy. You are unique and a cookie cutter policy won't apply. Here are some questions about coverages that may help you determine if your situation might need professional guidance.
- Can I drive in Mexico and have coverage?
- Is my teenager covered with friends in the car?
- Is my state a no-fault state?
- Am I covered if I hit someone who is not insured?
- Do I have coverage when using my vehicle for my home business?
- What can I do if my company denied a claim?
If you're not sure about those questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, complete this form or click here for a list of car insurance companies in your area. It is quick, free and may give you better protection.
More effort can pay off
Low-cost Audi TT insurance in Milwaukee can be bought online in addition to local insurance agencies, so you should be comparing quotes from both to have the best selection. Some insurance providers do not offer online price quotes and many times these smaller companies work with local independent agencies.
We just showed you some good ideas how you can reduce Audi TT insurance auto insurance rates online in Milwaukee. The key thing to remember is the more rate comparisons you have, the higher your chance of finding affordable Milwaukee car insurance quotes. You may even be surprised to find that the best auto insurance rates are with a smaller regional carrier. These smaller insurers can often provide lower premium rates in certain areas than their larger competitors like State Farm, GEICO and Nationwide.
Additional information is located at the links below
- Eight Auto Insurance Myths (Insurance Information Institute)
- Who Has Cheap Milwaukee Car Insurance Quotes for Business Use? (FAQ)
- Who Has Cheap Auto Insurance Rates for Drivers Over Age 60 in Milwaukee? (FAQ)
- Who Has Cheap Milwaukee Car Insurance Rates for Welfare Recipients? (FAQ)
- How Much are Auto Insurance Quotes for Teachers in Milwaukee? (FAQ)
- Auto Theft Statistics (Insurance Information Institute)
- Anti-Lock Brake FAQ (iihs.org)