2014 Audi S5 Insurance Cost

Paying for expensive Audi S5 insurance can bleed your personal savings and require stricter spending habits. Getting a rate comparison is recommended to lower your bills every month.

Because there are so many different company options, it can be diffult for drivers to find the right insurer.

The purpose of this article is to instruct you on how to effectively get price quotes and some money-saving tips. If you currently have car insurance, you should be able to lower your premiums substantially using these tips. Vehicle owners just need to understand the best way to get comparison quotes over the internet.

Ways to get auto insurance quotes

Lowering your 2014 Audi S5 auto insurance rates is a great way to save money. You just have to spend a few minutes getting comparison quotes from online providers. You can get a good selection of rate quotes in just a few minutes using one of these methods.

  1. The most efficient way to find low rates is to use a rate comparison form click to view form in new window. This type of form prevents you from having to do separate forms for every company. Just one form will return price quotes instantly.
  2. Another way to get quotes online requires a visit to the website for each individual company and repeat the quote process again and again. For example, we’ll pretend you want to view quotes from Auto-Owners, State Farm and GEICO. You would be required to go to each individual site to input your insurance information, which is not fast way to get rate quotes. For a list of companies in your area, click here.

It’s your choice how you get your quotes, but be sure you’re using equivalent coverages and limits for every company. If you compare differing limits it will be very difficult to determine which rate is truly the best.

Take advantage of with these discounts

Car insurance is not cheap, but there are discounts available that may help make it more affordable. A few discounts will be applied when you get a quote, but lesser-known reductions have to be manually applied prior to receiving the credit. If they aren’t giving you every credit available, you may be paying too high a price.

  • Anti-theft System – Cars and trucks optioned with advanced anti-theft systems help deter theft and qualify for as much as a 10% discount.
  • New Car Discount – Insuring a vehicle that is new can cost up to 25% less compared to insuring an older model.
  • Payment Discounts – If paying your policy premium upfront instead of paying each month you may have a lower total premium amount.
  • Accident Waiver – Not really a discount, but companies like Libery Mutual, GEICO and Allstate will allow you to have one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.
  • Driver’s Ed – Require your teen driver to enroll in driver’s education if offered at their school.
  • ABS and Traction Control Discounts – Vehicles that have steering control and anti-lock brakes are safer to drive and qualify for as much as a 10% discount.

While discounts sound great, it’s important to understand that some of the credits will not apply to all coverage premiums. Most only apply to specific coverage prices like physical damage coverage or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, it doesn’t quite work that way.

Companies and some of the discounts are:

  • State Farm includes discounts for Drive Safe & Save, safe vehicle, good student, passive restraint, and defensive driving training.
  • Progressive offers discounts including multi-vehicle, multi-policy, homeowner, good student, and online quote discount.
  • Progressive may include discounts for homeowner, multi-vehicle, continuous coverage, good student, online signing, and online quote discount.
  • MetLife has discounts for multi-policy, good driver, good student, defensive driver, and accident-free.
  • Farm Bureau discounts include renewal discount, good student, 55 and retired, safe driver, and multi-vehicle.
  • GEICO offers premium reductions for good student, air bags, seat belt use, driver training, and military active duty.
  • SAFECO has savings for multi-car, accident prevention training, drive less, teen safe driver, and homeowner.

When getting a coverage quote, ask every insurance company what discounts are available to you. Depending on the company, some discounts might not be offered on policies in every state. For a list of insurers with discount rates, click here.

Your situation helps dictate your coverage

When it comes to buying adequate coverage, there really is not a single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover whether you will benefit from professional help.

  • Will I lose any money if I cancel my policy before it expires?
  • Is my trailer covered?
  • Does my insurance cover a custom paint job?
  • Does car insurance cover theft of personal property?
  • Can I afford to buy a different vehicle if my 2014 Audi S5 is totaled?
  • I don’t drive much so do I pay less?
  • Do I have coverage for damage caused while driving under the influence?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and can help protect your family.

Why your insurance premiums might be higher

The best way to find cheaper car insurance is to take a look at the factors that help calculate the level of your policy premiums. When you understand what impacts premium levels, this enables you to make decisions that can help you get lower rates. Many things are used in the calculation when you get a price on insurance. Some are obvious such as traffic violations, although others are more transparent like where you live or your vehicle rating.

The itemized list below are some of the most common factors companies use to determine rates.

  • Annual mileage impacts rates – The higher the mileage driven annually the higher your rate. Almost all companies calculate prices based on how the vehicle is used. Cars and trucks that have low annual miles can get a lower rate than vehicles that are driven to work every day. It’s a good idea to make sure your declarations sheet is showing the right rating data. An incorrectly rated S5 can result in significantly higher rates.
  • Do you know your coverage deductibles? – Physical damage insurance, also known as collision and other-than-collision, helps pay for damage to your vehicle. Some instances where coverage would apply are a windshield shattered by a rock, damage caused by hail, or theft. Comp and collision deductibles state the amount of money you are required to spend before your car insurance pays a claim. The more money you choose to pay out-of-pocket, the better rate you will receive for S5 coverage.
  • Poor credit can mean higher premiums – A driver’s credit history factor in calculating your car insurance rates. People that have very good credit scores tend to file fewer claims and have better driving records than drivers with bad credit. If your credit history could use some work, you could potentially save money when insuring your 2014 Audi S5 by taking the time to improve your credit score.
  • Does insurance cost more for men? – Over time, data shows women tend to be less risk to insure than men. This data doesn’t prove that women are better drivers. Both genders have accidents in similar numbers, but the male of the species tend to have higher claims. Men also tend to get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly.
  • Vehicle theft costs us all – Driving a car with an alarm system can get you a discount on your car insurance. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your car from being stolen.

Are you falling for claims of savings?

Drivers can’t escape the ads that promise big savings by State Farm, GEICO and Progressive. They all advertise claims about saving some big amount if you move your car insurance policy to them.

How is it possible that every company can charge you a lower premium? This is the trick they use.

Companies quote their best rates for the type of driver that will add to their bottom line. A good example of a profitable customer might have to be a female over age 40, has few claims, and drives a lower-performance vehicle. Any customer that meets those criteria will qualify for the lowest auto insurance rates and most likely will pay quite a bit less when switching companies.

People who fall short of these criteria will probably have to pay higher rates and this can result in the customer not purchasing. If you pay close attention to the ads, they say “customers who switch” but not “everyone who gets a quote” save that much money. That’s the way insurance companies can make those claims.

Because of these techniques, you absolutely need to compare as many free insurance coverage quotes as you can. It’s just too difficult to predict which company will have the lowest rate quotes.

Car insurance policy coverages for an Audi S5

Knowing the specifics of your policy can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverage types offered by car insurance companies.

Auto liability insurance

This protects you from damage or injury you incur to people or other property by causing an accident. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability can pay for things such as loss of income, attorney fees and structural damage. The amount of liability coverage you purchase is your choice, but you should buy as large an amount as possible.

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as hail damage, falling objects, damage from flooding, hitting a deer and a broken windshield. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for dental work, X-ray expenses and pain medications. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and damage to your Audi S5.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these limits do not exceed the liability coverage limits.

Collision coverage

This coverage will pay to fix damage to your S5 caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a parking meter, scraping a guard rail, crashing into a ditch and backing into a parked car. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

A penny saved is a penny earned

Budget-conscious 2014 Audi S5 insurance can be found both online as well as from insurance agents, so get free insurance coverage quotes from both of them in order to have the best price selection to choose from. Some insurance companies may not have online quoting and many times these smaller companies only sell through local independent agents.

When searching for cheaper insurance coverage quotes, make sure you don’t skimp on critical coverages to save a buck or two. There have been many situations where an insured cut uninsured motorist or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy the best coverage you can find for the lowest price while still protecting your assets.

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