Save on 2008 Audi S5 Insurance Quotes

Looking for the cheapest insurance coverage rates for your Audi S5? Sick and tired of being strong-armed to buy car insurance? You are in the same boat as many other drivers. Many insurance companies vie for your business, so it’s not easy to compare every insurer to find the absolute lowest rate possible.

Consumers need to do rate comparisons every six months because prices change frequently. Just because you had the lowest price on S5 insurance six months ago you will most likely find a better rate today. Ignore everything you know about insurance coverage because we’re going to demonstrate the best way to get good coverage at a lower rate.

If you are insured now or are shopping for new coverage, you can use these techniques to get lower rates and still get good coverage. Buying car insurance is not that difficult. Vehicle owners just need to know the most effective way to find the lowest price over the internet.

How to Compare Insurance

There are multiple methods to shop for 2008 Audi S5 insurance, but there is one way that is less time-consuming than others. You could spend the better part of a day discussing policy coverages with insurance companies in your area, or you could save time and use online quotes to quickly compare rates.

Many popular insurance companies participate in a marketplace where prospective buyers enter their coverage request one time, and at least one company returns a rated price based on the submitted data. This system prevents you from having to do repetitive form submissions to each company. To get comparison pricing now click here (opens in new window).

The only drawback to comparing rates this way is you don’t know exactly which providers to get quotes from. If you wish to select specific insurance companies to request quotes from, we have a listing of insurance companies in your area. Click here to view list.

It’s up to you which method you use, but double check that you are using exactly the same coverage limits and deductibles for every company. If you have unequal deductibles or liability limits it’s impossible to decipher which rate is best.

Take discounts and save

Companies that sell car insurance don’t necessarily list every discount very clearly, so the following is a list of both the well known and also the lesser-known discounts you could be receiving. If you’re not getting every credit you deserve, you’re paying more than you need to.

  • No Claims – Drivers with accident-free driving histories pay much less compared to accident-prone drivers.
  • Save with a New Car – Putting insurance coverage on a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Accident Waiver – A handful of insurance companies permit an accident without raising rates if you are claim-free for a set time period.
  • Multiple Policy Discount – When you have multiple policies with the same company you will save at least 10% off all policies.
  • Employee of Federal Government – Active or retired federal employment could cut as much as 10% off on S5 insurance depending on your company.

Drivers should understand that some credits don’t apply the the whole policy. Most only reduce the cost of specific coverages such as comprehensive or collision. So when the math indicates adding up those discounts means a free policy, it doesn’t quite work that way.

Companies who might offer these benefits include:

Before buying, ask every prospective company which discounts you may be entitled to. Savings may not apply in every state.

Audi S5 insurance rates have many determining factors

Consumers need to have an understanding of the rating factors that play a part in calculating the rates you pay for car insurance. Having a good understanding of what influences your rates empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

Shown below are some of the factors used by your company to calculate rates.

  • Better credit means lower rates – A driver’s credit history is a big factor in calculating your car insurance rates. So if your credit score is not that good, you could be paying less to insure your 2008 Audi S5 by repairing your credit. Drivers who have good credit tend to be better drivers and file fewer claims as compared to drivers with lower credit scores.
  • With age comes lower rates – Young drivers are known to be less responsible when driving so they pay higher car insurance rates. Having to add a young driver to your policy can really hurt. More mature drivers tend to be more responsible, tend to cause fewer accidents and tend to be better behind the wheel.
  • Men are more aggressive – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean women are better drivers. Men and women cause accidents in similar percentages, but the males tend to have more serious accidents. They also get more serious tickets such as reckless driving.
  • Your occupation can affect rates – Did you know your car insurance rates can be affected by your occupation? Occupations like judges, executives and dentists have the highest average rates because of high stress levels and lengthy work days. Other occupations like farmers, historians and homemakers get better rates on S5 insurance.
  • Cautious drivers pay less – Even one moving violation may increase your cost twenty percent or more. Drivers with clean records have lower premiums than people who have multiple driving citations. If you have severe violations like hit and run, DWI or reckless driving convictions may find they need to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to drive a vehicle legally.
  • Lower rates with optional equipment – Choosing a vehicle with anti-theft technology or alarm system can get you a discount on your car insurance. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your car from being stolen.
  • More than one policy can earn a discount – Some insurers give discounts to insureds who buy several policies from them. It’s known as a multi-policy discount. Discounts can add up to five, ten or even twenty percent. Even though this discount sounds good, you still need to compare rates to verify if the discount is saving money.
  • Little extras can really add up – There are quite a few add-on coverages you can purchase if you aren’t careful. Insurance for personal injury protection, better glass coverage and additional equipment coverage may be costing you every month. These coverages may sound good at first, but now you might not need them so eliminate the coverages to reduce your premium.

Which policy gives me the best coverage?

When it comes to choosing proper insurance coverage for your vehicles, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions may help you determine whether you might need professional guidance.

  • Why does it cost so much to insure a teen driver?
  • When should I drop full coverage on my 2008 Audi S5?
  • Who is covered when they drive my 2008 Audi S5?
  • Are split liability limits better than a combined single limit?
  • How can I get high-risk coverage after a DUI?
  • Can my teen drive my company car?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Is my trailer covered?
  • Do I have newly-aquired coverage?
  • Does liability extend to a camper or trailer?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Learn about insurance coverages for a 2008 Audi S5

Learning about specific coverages of your insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are the usual coverages found on most insurance policies.

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Audi S5.

Since a lot of 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 is a good idea.

Auto liability

This coverage protects you from damage or injury you incur to people or other property that is your fault. It protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against claims like legal defense fees, bail bonds, structural damage and pain and suffering. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for bills for prosthetic devices, surgery, nursing services and ambulance fees. They are utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision coverage covers damage to your S5 resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things such as hitting a mailbox, hitting a parking meter, colliding with another moving vehicle, crashing into a building and driving through your garage door. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Comprehensive (Other than Collision)

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as rock chips in glass, vandalism and fire damage. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Don’t break the bank

The cheapest 2008 Audi S5 insurance can be found from both online companies as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies don’t offer you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

In this article, we covered some good ideas how to get a better price on insurance. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. Consumers may even find the lowest premiums are with some of the lesser-known companies. They may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.

For more information, feel free to browse the resources below: