2008 Audi S5 Car Insurance Cost – 10 Ideas for Cheaper Prices

Finding lower premiums on auto insurance is always challenging for consumers new to buying insurance online. Drivers have so many options available that it can quickly become a real hassle to compare prices.

Consumers need to compare prices at least once a year because insurance rates change quite often. If you had the best price on S5 coverage on your last policy there is a good chance you can find better rates now. There is a lot of bad advice regarding auto insurance online but I’m going to show you some solid techniques on how to stop overpaying for insurance.

Cut your insurance rates with these ten discounts

Companies offering auto insurance do not advertise every discount in an easy-to-find place, so we researched some of the more common and the more hidden savings tricks you should be using.

  • Multiple Vehicles – Buying coverage for multiple vehicles on one policy qualifies for this discount.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Memberships – Belonging to a civic or occupational organization could trigger savings on your policy on S5 coverage.
  • Life Insurance Discount – Companies who offer life insurance give a break if you buy auto and life insurance together.
  • Homeowners Pay Less – Owning a house may trigger a insurance policy discount because maintaining a house shows financial diligence.
  • Pay Upfront and Save – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
  • No Accidents – Drivers with accident-free driving histories pay much less when compared with accident-prone drivers.
  • Defensive Driving Course – Taking part in a driver safety course could cut 5% off your bill if you qualify.
  • Drive Less and Save – Fewer annual miles on your Audi can qualify you for better rates on cars that stay parked.
  • Good Student Discount – This discount can earn a discount of 20% or more. This discount can apply up to age 25.

Consumers should know that most of the big mark downs will not be given to all coverage premiums. A few only apply to the price of certain insurance coverages like medical payments or collision. So when it seems like having all the discounts means you get insurance for free, you’re out of luck.

Car insurance companies that possibly offer these money-saving discounts include:

It’s a good idea to ask each insurance company which discounts they offer. All car insurance discounts may not be available in your state.

You are unique and your insurance should be too

When it comes to choosing the right insurance coverage for your personal vehicles, there isn’t really a perfect coverage plan. Every insured’s situation is different.

For example, these questions can aid in determining whether you would benefit from professional advice.

  • Is business property covered if stolen from my car?
  • Is other people’s property covered if stolen from my vehicle?
  • Do I really need UM/UIM coverage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • When do I need to add a new car to my policy?
  • Is pleasure use cheaper than using my 2008 Audi S5 to commute?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, simply complete this short form.

Car insurance policy coverages for an Audi S5

Knowing the specifics of your policy can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Collision insurance

This pays for damage to your S5 resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things such as damaging your car on a curb, crashing into a ditch, backing into a parked car and crashing into a building. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Medical expense coverage

Med pay and PIP coverage provide coverage for expenses for things like hospital visits, prosthetic devices, doctor visits, rehabilitation expenses and funeral costs. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2008 Audi S5.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Comprehensive protection

This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as fire damage, hitting a deer and hail damage. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverages

Liability insurance will cover damage or injury you incur to people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability can pay for claims like funeral expenses, bail bonds, court costs, repair costs for stationary objects and structural damage. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

Be a smart shopper

You just learned a lot of ways to reduce 2008 Audi S5 insurance prices online. The key thing to remember is the more rate quotes you have, the higher your chance of finding lower rates. You may even discover the best price on insurance is with a small mutual company.

Low-cost insurance can be bought online as well as from independent agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some companies don’t offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

As you prepare to switch companies, don’t be tempted to sacrifice coverage to reduce premiums. There are too many instances where drivers have reduced liability coverage limits and discovered at claim time that the small savings ended up costing them much more. Your strategy should be to get the best coverage possible for the lowest price, not the least amount of coverage.

Additional insurance information can be read at these links: