Compare 2011 Audi S5 Insurance Rates

Searching for lower car insurance rates for your Audi S5? Are you regretting buying an overpriced car insurance policy? You’re in good company because many consumers are feeling buyer’s remorse and feel like there’s no way out. Because there are so many car insurance companies to choose from, it can be hard to find the cheapest car insurance provider.

Which auto insurance is cheapest?

Effectively comparing auto insurance prices can be a lot of work if you don’t understand the most efficient way. You can waste hours talking to insurance agencies in your area, or you can stay home and use the web to quickly compare rates.

The majority of car insurance companies belong to an insurance system that enables customers to submit their information once, and every company provides a quote. This system prevents you from having to do repetitive form submissions to every company.

To compare rates now click here to open in new window.

The one disadvantage to pricing coverage this way is you don’t know exactly the companies you want to price. So if you prefer to choose individual companies to receive pricing from, we put together a list of companies who write auto insurance in your area. Click to view list.

How you compare quotes is your choice, just try to use equivalent information on every price quote you get. If you are comparing different data it’s impossible to determine which rate is truly the best.

Insurance coverage policy discounts

Companies that sell car insurance don’t always list all their discounts in an easy-to-find place, so below is a list both the well known and also the lesser-known discounts that you may qualify for. If you are not receiving all the discounts you deserve, you may be paying too high a price.

• Accident Free – Drivers with accident-free driving histories have much lower rates as opposed to bad drivers.
• New Vehicle Savings – Buying a new car instead of a used car can save you some money since new model year vehicles have better safety ratings.
• Policy Bundle Discount – If you can combine your auto and home policy and insure them with the same company you may earn at least 10% off all policies.
• One Accident Forgiven – This one isn’t a discount, but some companies like Geico and Allstate will let one accident slide without raising rates if you are claim-free before the accident.
• Multi-car Discount – Drivers who insure multiple cars on one policy could earn a price break for each car.
• Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% on S5 coverage with some insurance coverage companies.
• Memberships – Affiliation with certain professional organizations is a simple method to lower premiums on your next insurance coverage statement.
• E-sign – A handful of insurance coverage companies will discount your bill up to fifty bucks for buying your policy on the internet.

Remember that most discounts do not apply the the whole policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though the math looks like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

Popular insurance coverage companies and some of the discounts are included below.

• 21st Century includes discounts for student driver, good student, automatic seat belts, theft prevention, defensive driver, and 55 and older.
• State Farm has savings for driver’s education, defensive driving training, multiple policy, passive restraint, and Steer Clear safe driver discount.
• AAA may have discounts that include good student, multi-car, good driver, multi-policy, AAA membership discount, anti-theft, and pay-in-full.
• Liberty Mutual offers discounts including multi-car, hybrid vehicle, new graduate, exclusive group savings, newly married, and safety features.
• Progressive may include discounts for multi-policy, good student, online quote discount, multi-vehicle, and homeowner.

Before buying, ask every company how you can save money. Some discounts might not be offered in your area. To see a list of insurers who offer discounts, click here.

How do I know if I need professional advice?

When it comes to buying adequate coverage for your personal vehicles, there really is no “best” method to buy coverage. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For example, these questions may help highlight whether your personal situation might need an agent’s assistance.

• Are split liability limits better than a combined single limit?
• Am I covered when driving a rental car?
• Can I make deliveries for my home business?
• What are the best liability limits?
• Is my state a no-fault state?
• Is pleasure use cheaper than using my 2011 Audi S5 to commute?
• Is a fancy paint job covered?
• Can my babysitter drive my car?
• Do I need special endorsements for business use of my vehicle?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area. It’s fast, free and you can get the answers you need.

Why you might pay lower rates

Multiple criteria are part of the calculation when pricing auto insurance. Some are pretty understandable like an MVR report, but others are more transparent such as whether you are married or your financial responsibility.The best way to find cheaper insurance is to take a look at some of the elements that go into determining the price you pay for insurance. If you have a feel for what determines premiums, this helps enable you to make changes that could result in lower rates.

Listed below are most of the major factors insurance companies consider when setting premiums.

• Premiums also based on gender – Over time, data shows that men are more aggressive behind the wheel. It does not mean men are worse drivers. Both genders are responsible for accidents at about the same rate, but the men have costlier accidents. Not only are claims higher, but men receive more costly citations such as reckless driving. Youthful male drivers cause the most accidents and are penalized with high insurance rates.
• Cut premiums and deter theft – Choosing to buy a car that has a built-in theft deterrent system can get you a discount on your insurance. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent car theft.
• Your job and insurance rates – Did you know that where you work can have an impact on rates? Careers like military personnel, social workers and dentists have the highest rates attributed to intense work situations and lots of time spent at work. On the flip side, careers such as actors, athletes and the unemployed have lower than average premiums on S5 coverage.
• Rate your vehicle for proper use – Driving more miles annually the higher your rates will be. Most insurance companies calculate rates partially by how you use the vehicle. Cars that do not get driven very much can get a lower rate than vehicles that have high annual mileage. Make sure your insurance policy is rated on the correct usage. Improper usage on your S5 may be wasting your money.
• Youthful drivers cost more – Older people are more cautious drivers, cause fewer claims and accidents and get fewer tickets.Teenage drivers are proven to get distracted easily when behind the wheel and because of this, their insurance rates are much higher.

Insurance coverages explained

Learning about specific coverages of your policy can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverage types found on the average insurance policy.

Comprehensive coverages

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hail damage, vandalism, hitting a bird, damage from flooding and theft. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision coverage protection

This pays for damage to your S5 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as damaging your car on a curb, crashing into a building, crashing into a ditch, colliding with another moving vehicle and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Uninsured and underinsured coverage

This provides protection when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your 2011 Audi S5.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently these limits are set the same as your liablity limits.

Coverage for liability

Liability insurance protects you from injuries or damage you cause to people or other property that is your fault. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like pain and suffering, structural damage, funeral expenses, medical expenses and bail bonds. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for bills like prosthetic devices, pain medications, doctor visits and dental work. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Compare but don’t skimp

Cheap 2011 Audi S5 insurance can be found from both online companies in addition to many insurance agents, so get free auto insurance quotes from both of them to have the best rate selection. A few companies don’t offer the ability to get quotes online and most of the time these smaller providers provide coverage only through independent agents.

As you restructure your insurance plan, don’t be tempted to reduce needed coverages to save money. There are too many instances where an insured dropped collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your objective should be to find the BEST coverage at the lowest possible cost, but do not sacrifice coverage to save money.

We just covered a lot of ways to shop for 2011 Audi S5 insurance online. The key concept to understand is the more times you quote, the better likelihood of getting inexpensive auto insurance. Consumers could even find that the most savings is with the least-expected company. Regional companies may only write in your state and offer lower rates compared to the large companies like Allstate, Geico and Progressive.

More detailed auto insurance information can be read in the articles below:

• Child Safety FAQ (iihs.org)
• What is Covered by GAP Insurance? (Allstate)
• Parking Tips to Reduce Door Dings (State Farm)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Understanding Car Crashes Video (iihs.org)
• Prepare your Teens for Safe Driving (InsureUonline.org)