Cheaper 2008 Audi S5 Insurance Cost

Want cheaper insurance coverage rates for your Audi S5? If you are new to online price comparisons, it’s easy to get overwhelmed by the large number of online insurance coverage companies and websites all claiming to have the lowest rates.

Smart consumers take time to compare prices before your next renewal since insurance prices fluctuate regularly. Even if you think you had the lowest quotes for S5 coverage a couple years back you can probably find a better rate now. Block out anything you think you know about insurance coverage because I’m going to teach you the quickest way to lower your annual insurance bill.

How to buy car insurance online

When shopping for car insurance there are multiple ways to compare rate quotes from all the different companies. The recommended way to find cheaper Audi S5 rates is to get quotes online. This is very easy and can be done in a couple of different ways.

  1. The most efficient method to find the lowest comparison rates is an all-inclusive rate comparison like this one (opens in new window). This quick form eliminates the need for boring form submissions for each price estimate. Taking the time to complete one form will return quotes from several companies. Just one form and you’re done.
  2. A different way to compare rate quotes requires you to visit the website for each individual company to request a price quote. For instance, we’ll pretend you want rates from Geico, Safeco and Liberty Mutual. To do that, you would have to go to every website and repeatedly enter your information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
  3. The most difficult way to price shop rates is making phone calls or going to different agent offices. Doing it all online makes this process obsolete unless you require the trained guidance of a licensed agent. Although you can price shop your coverage online but have a local agent actually write the policy.

Whichever way you choose to compare rates, ensure you’re using identical coverages for every company. If you use different data it will be impossible to get a fair rate comparison. Just a small difference in coverage limits may result in large price differences. It’s important to know that obtaining a wide range of quotes helps you find a lower rate than you’re paying now. Not every company provides prices over the internet, so it’s important to also get quotes on coverage from those companies, too.

Car insurance policy discounts

Properly insuring your vehicles can get expensive, but you can get discounts to help bring down the price. Certain discounts will be applied when you purchase, but lesser-known reductions have to be requested specifically prior to receiving the credit. If you aren’t receiving every discount you deserve, you may be paying too high a price.

  • Low Miles Discount – Maintaining low annual mileage could qualify for lower premium rates on the low mileage vehicles.
  • Smart Student Discounts – This discount may save you up to 25%. The good student discount can last well after school through age 25.
  • Passive Restraints – Factory options such as air bags can receive discounts of 25 to 30%.
  • Payment Discounts – If you pay your entire premium ahead of time instead of paying each month you could save up to 5%.
  • Safety Restraint Discount – Using a seat belt and requiring all passengers to buckle up before driving could save 15% on medical payment and PIP coverage.
  • Telematics Data Discounts – Insureds that choose to allow companies to track when and where they use their vehicle through the use of a telematics system such as State Farm’s In-Drive could possibly reduce rates if they show good driving skills.
  • Military Rewards – Being deployed in the military can result in better car insurance rates.

One thing to note about discounts is that most of the big mark downs will not be given to the entire cost. Most only reduce the cost of specific coverages such as collision or personal injury protection. Just because you may think adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

To see car insurance companies who offer discounts, click this link.

How do I know if I need professional advice?

When it comes to buying the best insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Every insured’s situation is different.

For example, these questions may help you determine whether your personal situation might need an agent’s assistance.

  • Am I covered if I wreck a rental car?
  • Should I buy additional glass protection?
  • How high should my uninsured/underinsured coverage be in my state?
  • Why am I required to buy liability insurance?
  • What is high-risk coverage and where do I buy it?
  • Do I need an umbrella policy?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form.

Why your insurance prices might be higher

It’s important that you understand a few of the rating criteria that go into determining the rates you pay for car insurance. When consumers understand what determines premiums, this enables informed choices that could result in lower rates.

  • Your liability protection limits – Your policy’s liability coverage is the protection if you are found liable for damages caused by your negligence. Your policy’s liability insurance provides for a legal defense to attempt to prove you were not liable. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
  • Your occupation is a factor – Occupational choices like military generals, architects and dentists are shown to have the highest rates because of stressful work requirements and lots of time spent at work. On the other hand, careers like farmers, engineers and retirees have the lowest average rates for S5 coverage.
  • Accidents increase premiums – Having a clean driving record impacts your car insurance rates tremendously. Having a single driving citation can increase rates to the point where it’s not affordable. Attentive drivers pay less for auto insurance compared to drivers with tickets. Drivers who have received severe citations like reckless driving or DUI may need to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to legally drive.
  • Cars with good safety ratings save money – Cars with high safety ratings can get you lower premiums. These vehicles reduce occupant injuries and fewer serious injuries translates into savings for insurance companies which can mean better rates for you. If your Audi has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Big city or small town – Residing in a rural area has definite advantages when insuring your vehicles. Residents of big cities regularly have more road rage incidents and longer commute times. Fewer drivers means reduced accidents and a lower car theft rate.
  • Save money with high credit – An insured’s credit rating is a large factor in determining premium rates. If your credit rating is lower than you’d like, you could be paying less to insure your 2008 Audi S5 by repairing your credit. Consumers who have high credit scores tend to file fewer claims and have better driving records as compared to drivers with worse credit.

Coverage specifics

Understanding the coverages of your auto insurance policy can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP kick in for bills like chiropractic care, surgery, X-ray expenses, rehabilitation expenses and pain medications. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

Liability auto insurance – This protects you from damages or injuries you inflict on other’s property or people in an accident. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims such as repair bills for other people’s vehicles, emergency aid and funeral expenses. How much coverage you buy is a personal decision, but buy as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as damage to your Audi S5.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Frequently these coverages are set the same as your liablity limits.

Collision coverage – This coverage pays for damage to your S5 resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like sideswiping another vehicle, scraping a guard rail, driving through your garage door, colliding with another moving vehicle and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Comprehensive insurance – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as rock chips in glass, damage from a tornado or hurricane, theft, damage from flooding and hail damage. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Save for a rainy day

When getting insurance quotes online, it’s not a good idea to buy poor coverage just to save money. In many cases, someone dropped liability coverage limits only to discover later that it was a big mistake. Your focus should be to find the BEST coverage at a price you can afford, but do not sacrifice coverage to save money.

Insureds leave their current company for any number of reasons including policy cancellation, an unsatisfactory settlement offer, delays in paying claims and even questionable increases in premium. It doesn’t matter what your reason, finding a great new company is not as difficult as it may seem.

Lower-priced car insurance can be purchased from both online companies in addition to local insurance agencies, so you need to quote insurance with both to have the best chance of lowering rates. Some car insurance companies do not provide the ability to get quotes online and these regional carriers prefer to sell through local independent agencies.

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