How Much Does 2012 Audi S5 Insurance Cost?

Trying to find better insurance coverage rates? Buyers have many options when searching for affordable Audi S5 insurance. You can either waste hours calling around getting price quotes or utilize the internet to make rate comparisons.

There are both good and bad ways to buy insurance coverage so we’re going to tell you the proper way to get price quotes for a new or used Audi and obtain the cheapest rates either online or from local insurance agents.

It’s a great practice to shop coverage around at least once a year due to the fact that insurance prices are rarely the same from one policy term to another. Even if you think you had the lowest rate for S5 coverage six months ago you may be paying too much now. Ignore everything you know about insurance coverage because you’re about to find out the best way to find better coverage at a better price.

Get cheaper auto insurance rates with discounts

Auto insurance is not inexpensive, but there’s a good chance there are discounts that can dramatically reduce your bill. Many of these discounts will be applied automatically at the time of purchase, but some discounts are required to be inquired about in order for you to get them.

• Accident Forgiveness Coverage – Not a discount per se, but certain companies permit an accident before raising your premiums if you are claim-free before the accident.
• Discount for Multiple Policies – If you combine your home and auto policies with the same insurance company they may give you a discount of over 10 percent off each policy depending on the company.
• Discount for Swiching Early – Some auto insurance companies reward drivers for switching companies prior to your current policy expiring. This discount can save up to 10%.
• Accident Free – Drivers with accident-free driving histories are rewarded with significantly better rates on insurance coverage quote as compared to accident-prone drivers.
• Own a Home and Save – Just being a homeowner can save a few bucks because of the fact that having a home is proof of financial responsibility.
• Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of 20% or more.
• Multi-line Discount – If the company offers life insurance, you could get better rates if you take out auto and life insurance together.
• Government Employee Discount – Federal government employees may qualify for a discount when you quote insurance coverage for S5 coverage with a few auto insurance companies.
• Distant Student – Youth drivers who are enrolled in a college that is more than 100 miles from home and don’t have a car could qualify for this discount.

A little disclaimer on discounts, most credits do not apply to the overall cost of the policy. Some only reduce individual premiums such as collision or personal injury protection. Just because you may think having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

A list of companies and a partial list of their discounts are detailed below.

• AAA offers premium reductions for AAA membership discount, pay-in-full, multi-car, good student, good driver, education and occupation, and multi-policy.
• Progressive may include discounts for homeowner, multi-vehicle, online quote discount, online signing, and multi-policy.
• State Farm has savings for good driver, Steer Clear safe driver discount, passive restraint, accident-free, good student, and Drive Safe & Save.
• Esurance has discounts for renters, emergency road assistance, paid-in-full, multi-policy, claim free, good student, and online quote.
• Nationwide may offer discounts for good student, business or organization, defensive driving, accident-free, anti-theft, and family plan.

Before buying, ask each company how you can save money. Some discounts may not apply to policyholders in your state. For a list of companies who offer discounts, click here.

Tailor your insurance coverage to you

When choosing coverage, there really is no cookie cutter policy. Every situation is different.

For instance, these questions may help you determine if you might need professional guidance.

• I don’t drive much so do I pay less?
• What are the best liability limits?
• When should my teen driver be added to my policy?
• What is PIP insurance?
• Is other people’s property covered if stolen from my vehicle?
• Is my ex-spouse still covered by my policy?
• Are rock chip repairs covered?
• Is my cargo covered for damage or theft?

If you can’t answer these questions but you know they apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, free and you can get the answers you need.

Educate yourself about insurance coverages

Knowing the specifics of your policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for things like chiropractic care, rehabilitation expenses, dental work, EMT expenses and pain medications. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Usually the UM/UIM limits do not exceed the liability coverage limits.

Liability insurance – Liability insurance protects you from damage or injury you incur to a person or their property. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three 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 that means you have a $50,000 limit per person for 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 limit which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against things like funeral expenses, repair costs for stationary objects and medical services. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.

Comprehensive insurance – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, damage from flooding, rock chips in glass, damage from getting keyed and hitting a bird. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision coverages – Collision coverage covers damage to your S5 resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a ditch, hitting a parking meter, hitting a mailbox, driving through your garage door and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from older vehicles. Another option is to increase the deductible to bring the cost down.

Smart consumers save more

When getting insurance coverage quotes online, you should never buy less coverage just to save a little money. In too many instances, an accident victim reduced collision coverage only to discover later they didn’t have enough coverage. The goal is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

Drivers change insurance companies for a number of reasons such as being labeled a high risk driver, extreme rates for teen drivers, high rates after DUI convictions and even policy cancellation. It doesn’t matter what your reason, finding the right car insurance provider is pretty easy and you might even save some money in the process.

Cheaper car insurance can be purchased both online as well as from insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance providers don’t offer price quotes online and many times these small, regional companies work with independent agents.

Helpful learning opportunities

• What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)
• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• Child Safety FAQ (iihs.org)
• Five Mistakes to Avoid (Insurance Information Insitute)