Audi auto insurance: what you need to know.
The make and model of the car you purchase will affect your car insurance rates. If you’re considering buying an Audi, there are many things to keep in mind: the car’s age, model, value and its safety features. Keep reading to learn more about how these factors affect insurance rates for Audis.
Already know which Audi model you want? Compare insurance quotes from 50+ Canadian insurance providers on LowestRates.ca. We’ll show you multiple quotes from the leading car insurance companies in Canada.
How much is insurance for an Audi?
A number of variables determine how much you pay for car insurance. The make and model of your Audi are important factors in the equation. Insurance companies closely monitor the repair and replacement costs of all Audi models, in addition to all the different types of cars on the road. Another thing that will greatly influence an Audi’s insurance cost is your driving and insurance history. Canadian drivers over the age of 30 tend to get cheaper rates than their younger counterparts. Here are some sample car insurance quotes for Audis from real LowestRates.ca customers.
Your questions about Audi auto insurance in Canada, answered.
What are the most common insurance claims made on Audis?
It’s hard to say what the most common claims are for specific Audi models since that information isn’t publicly available. What is known about Audis is that they cost a lot to repair.
In any case, your personal driving history is a more reliable indicator about the types of claims you are going to make and your insurance company is going to weigh that heavily when determining your premium.
Used vs. new Audis: which is cheaper to insure?
It costs more to insure a new car, especially if it is leased. Dealers will require you to purchase extra insurance coverage as part of the condition of agreeing to lease contract.
Used cars are cheaper to insure than new ones. A used Audi may seem like a good deal because they are substantially marked down. But the cost of parts and labour to maintain or repair a luxury car like an Audi will cost more than a Ford or Honda.
If you do buy a used Audi, you should talk to your broker about forgoing comprehensive and collision coverages, which will raise your insurance price. If your car used Audi is damaged in a collision, it may end up being cheaper to pay out of pocket to repair or replace it.
However, Canadian insurance data shows that repairs to Audis—even models more than 10 years old, which is practically ancient for a car—cost more than the average to repair. Because Audi cars cost more than average to repair, it also means they cost more than your average vehicle to insure.
What is the best car insurance for an Audi?
In all provinces and territories, it’s mandatory for drivers to purchase third party liability insurance and accident benefits. Beyond that, whether you fork out more for insurance coverage depends on the age of your car and how you’re financing it.
For a new Audi, collision and comprehensive can help pay for the cost of repairing or replacing your car. These coverages are recommended, unless you’re prepared to pay out of pocket. For leased Audis, the dealer will likely make having both of these coverages mandatory.
For a used Audi that’s older than five years, collision and comprehensive are optional, and maybe even unnecessary, as it could be more cost-effective to forgo insurance and pay for repairs yourself.
Other factors that influence the cost of your Audi insurance policy
Beyond the risks that insurers have identified for your car’s particular make and model, there are a number of factors that influence how much you pay for your auto insurance.
If you have been found to be at fault in any auto collisions in the last six years, you will pay higher premiums.
The cost of car insurance is dependent on the type of insurance you purchase and how high your limits are. The more insurance coverage you buy for your Audi, the higher your premium is going to be.
If you live in a densely populated area, you’re more likely to pay higher rates. There is a greater chance of getting into an automobile accident or having your car stolen or broken into if you live in an urban area. Because the risk to insure your vehicle is higher, the cost of your premiums will be too.
Is it safe to buy Audi insurance online?
Shopping for Audi insurance online is safe and fast.
If you’re in the market to buy or your current Audi insurance is close to renewal, our secure online tool will provide multiple quotes for Audi insurance from Canada’s leading insurance companies. It takes most of our users three minutes or less and LowestRates.ca's online marketplace features 50+ of Canada's top insurance companies.
After you receive your quotes, we’ll connect you with the agent or broker with your best Audi insurance rate.
We’ve helped Canadians save millions on their insurance costs. Review your Audi insurance quotes today and start saving.
About the Author
Alexandra Bosanac is the Core Content Manager for LowestRates.ca. Her reporting has appeared in Canadian Business, the Toronto Star, the National Post, and the CBC.