Several factors affect the cost of insuring an Audi A3, including the car's safety rating and how much it is driven in a single year, as explained by State Farm. Driving history, state of residence and coverage options also influence automobile insurance rates.
Insurance companies collect a vast amount of data regarding the safety of cars, according to State Farm. For the Audi A3, companies analyze accident claims from customers, as well as safety reports from industry professionals. This information is used to set insurance premiums and provide customers with discounts when applicable. Edmunds.com gives the Audi A3 a high safety rating, which may translate into lower insurance payments for its drivers.
Insurance companies also consider extensive data about the driver of the car when setting rates. Driving histories are viewed, according to State Farm. Drivers without traffic tickets or car accidents benefit from lower payments and deductibles. Credit histories serve as a predictor of future claims. Drivers with high credit scores are rewarded with discounted rates.
Age and gender information also give insurance companies indication about the probability of future claims. Drivers under the age of 25 years old, along with unmarried males, tend to make more automobile insurance claims, as reported by Allstate. These drivers generally pay more for their automobile insurance.