Cheaper 2014 Audi S5 Car Insurance Rates

Saving money on car insurance is challenging for beginners to comparison shopping online. There are so many options available that it can quickly become a real challenge to locate the lowest price.

You need to check car insurance prices yearly because rates fluctuate regularly. Even if you got the best price on S5 insurance a year ago you can probably find a lower rate today. Block out anything you think you know about car insurance because you’re about to find out the fastest way to lower your rates without sacrificing coverage.

If you currently have a car insurance policy, you stand a good chance to be able to save some money using these tips. The purpose of this post is to instruct you on how to effectively get price quotes and some tricks to saving. But drivers do need to understand how companies determine prices and use this information to your advantage.

Comparison of Auto Insurance

There are several ways of comparing rates from auto insurance companies in your area. The easiest way by far to find competitive 2014 Audi S5 insurance rates is to perform an online rate comparison. This can be accomplished using a couple different methods.

The fastest way consumers can make multiple comparisons is a comparison rater form (click to open form in new window). This easy form saves time by eliminating separate quote forms for each company you want a rate for. One simple form gets you coverage quotes from multiple companies. Just one form and you’re done.

A different way to obtain and compare quotes online requires a visit to each company website to complete a price quote. For example, we’ll pretend you want to compare Auto-Owners, Progressive and Allstate. You would have to visit each site to enter your coverage information, which is why the first method is quicker. For a handy list of car insurance company links in your area, click here.

The most time-consuming way to get comparison rates is to spend time driving to insurance agents’ offices. Buying insurance online has reduced the need for local agents unless you prefer the professional guidance of a local agent. You can, however, price shop online and still use a local agent and you’ll learn how to do that later.

Which method you use is up to you, but compare apples-to-apples coverage limits and deductibles for every quote you compare. If you compare different liability limits you can’t possibly make an equal comparison. Quoting even small variations in coverage limits may cause a big price difference. It’s important to know that obtaining a wide range of quotes will increase your chances of finding the best price.

Discounts can save BIG

Car insurance is not cheap, but there are discounts available that you may not know about. Some trigger automatically when you purchase, but some must be specifically requested before they will apply.

  • Low Mileage – Fewer annual miles on your Audi can earn better rates on cars that stay parked.
  • Senior Citizens – If you’re over the age of 55, you may qualify for better insurance rates on S5 insurance.
  • Anti-theft Discount – Vehicles with anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Claim Free – Claim-free drivers pay less compared to frequent claim filers.
  • Organization Discounts – Participating in a qualifying organization is a good way to get lower rates on your policy on S5 insurance.
  • Driver Safety – Taking a driver safety course can save you 5% or more depending on where you live.
  • Good Student Discount – Getting good grades can earn a discount of 20% or more. The discount lasts well after school through age 25.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
  • Student Driver Training – Require your teen driver to take driver’s ed class if offered at their school.
  • Multiple Vehicles – Insuring multiple vehicles on one policy can get a discount on all vehicles.

A little note about advertised discounts, most discount credits are not given to your bottom line cost. A few only apply to the cost of specific coverages such as medical payments or collision. So even though they make it sound like it’s possible to get free car insurance, it doesn’t quite work that way. But all discounts will help reduce the amount you have to pay.

To see a list of providers with the best insurance discounts, follow this link.

Audi S5 rates influenced by many factors

Smart consumers have a good feel for some of the elements that play a part in calculating insurance rates. When you know what positively or negatively impacts premium levels helps enable you to make changes that could result in better insurance rates.

Shown below are a partial list of the pieces that factor into premiums.

  • Where you reside plays a part – Living in less populated areas has it’s advantages when insuring your vehicles. Fewer people means a lower chance of having an accident. Urban drivers regularly have congested traffic and longer commutes to work. Higher commute times means higher likelihood of an accident.
  • Your job and insurance rates – Did you know your job can affect your rates? Occupations like judges, executives and financial analysts are shown to have higher average rates due to high stress levels and long work hours. Conversely, jobs such as scientists, engineers and homemakers pay the least on S5 insurance.
  • Higher deductibles cost less – Your deductibles define the amount you are willing to pay out-of-pocket before a claim is paid by your company. Insurance for physical damage to your car, also known as collision and other-than-collision, is used to repair damage to your car. Examples of covered claims are running into the backend of another car, damage from fire, and windstorm damage. The more expense you’re willing to pay, the lower your rates will be on S5 insurance.
  • Traffic violations increase rates – Your driving citation history impacts your car insurance rates tremendously. Careful drivers have lower premiums than bad drivers. Only having one moving violation can boost insurance rates forty percent or more. Drivers who have serious citations such as reckless driving, hit and run or driving under the influence may need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to continue driving.
  • Pleasure use saves money – The more you drive in a year the higher your rate. Most companies apply a rate based upon how you use the vehicle. Cars not used for work or commuting qualify for better rates than those used for commuting. Ask your agent if your insurance policy properly reflects the correct driver usage. If your policy improperly rates your S5 can cost quite a bit.

Will just any policy work for me?

When buying the right insurance coverage for your vehicles, there really is not a cookie cutter policy. Each situation is unique.

These are some specific questions may help you determine if your situation would benefit from an agent’s advice.

  • Why do I need rental car insurance?
  • Is a blown tire covered by insurance?
  • At what point should I drop full coverage?
  • Should I bundle my homeowners policy with my auto?
  • Does coverage extend to Mexico or Canada?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Is pleasure use cheaper than using my 2014 Audi S5 to commute?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

Auto insurance ads bend the truth

Companies like GEICO, State Farm and Progressive consistently run ads in print and on television. All the ads say the same thing of big savings if you change your policy. How do they all make the same claim? It’s all in the numbers.

Different companies can use profiling for the right customer they prefer to insure. A good example of a profitable customer might be profiled as over the age of 40, owns a home, and drives less than 10,000 miles a year. Any driver who fits that profile will get very good rates and is almost guaranteed to save when they switch companies.

Drivers who don’t measure up to this ideal profile must pay more money which usually ends up with business not being written. The ads state “drivers who switch” not “everybody who quotes” save that kind of money. That’s the way companies can truthfully advertise the savings.

This illustrates why you need to compare as many rates as you can. It’s not possible to predict the company that will provide you with the cheapest Audi S5 insurance rates.

Coverages available on your policy

Learning about specific coverages of a auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Comprehensive coverage – This coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as hail damage, vandalism, rock chips in glass, falling objects and a broken windshield. The maximum payout your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage – Collision coverage pays for damage to your S5 from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as crashing into a ditch, colliding with a tree and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP pay for short-term medical expenses such as chiropractic care, hospital visits, rehabilitation expenses and doctor visits. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability – Liability coverage protects you from damage or injury you incur to a person or their property that is your fault. This insurance protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like court costs, emergency aid and bail bonds. How much coverage you buy is a personal decision, but consider buying higher limits if possible.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Feed the piggy bank

Lower-priced 2014 Audi S5 insurance is possible from both online companies in addition to many insurance agents, so you should compare both to have the best chance of lowering rates. Some insurance coverage companies do not provide the ability to get a quote online and these small insurance companies work with independent agents.

You just read some good ideas how you can lower your insurance rates. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding lower rates. Consumers could even find that the most savings is with a company that doesn’t do a lot of advertising.

People change insurance companies for many reasons like extreme rates for teen drivers, high rates after DUI convictions, unfair underwriting practices and even policy non-renewal. Regardless of your reason for switching companies, finding a great new company is less work than it seems.

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