2014 Audi S5 Insurance Quotes – 10 Policy Discounts

Looking for the cheapest car insurance rates for your Audi S5? Are you tired of paying out the nose each month for car insurance? Your situation is no different than many other consumers. Many car insurance companies compete for your insurance dollar, so it’s not easy to compare every insurer to find the absolute cheapest price

You should take the time to compare rates on a regular basis due to the fact that insurance rates trend upward over time. If you had the lowest price for S5 insurance two years ago you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about car insurance on the web, but by reading this article, you’re going to learn some of the best ways to reduce your car insurance bill.

The most recommended method to compare insurance rates in your area is to know the trick car insurance companies have advanced systems to give free rates quotes. All consumers are required to do is provide the companies a bit of rating information including daily mileage, what you do for a living, if you are currently licensed, and an estimate of your credit level. That rating data is then sent to many of the top insurers and they return cost estimate almost instantly.

Car insurance ads bend the truth

Drivers get pounded daily by advertisements that promise big savings by 21st Century, Allstate and State Farm. They all seem to make an identical promise of big savings if you change to their company.

How do they all say the same thing? It’s all in the numbers.

Insurance companies have a preferred profile for the type of driver that is profitable for them. For example, a driver they prefer could possibly be over the age of 40, has no driving citations, and drives less than 10,000 miles a year. A driver who matches those parameters gets the lowest rates and as a result will probably save when switching.

Drivers who fall outside the requirements must pay a higher premium which leads to business going elsewhere. Company advertisements say “people who switch” not “everybody who quotes” save that kind of money. That’s the way companies can truthfully state the savings.

This illustrates why it is so important to compare as many rates as you can. It’s impossible to know the company that will fit your personal profile best.

These ten discounts can slash insurance coverage rates

Insurance can cost an arm and a leg, buy you may qualify for discounts that you may not even be aware of. Larger premium reductions will be automatically applied at the time you complete a quote, but some must be requested specifically before you get the savings. If they aren’t giving you every credit possible, you are paying more than you should be.

  • Theft Prevention Discount – Cars that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
  • Safe Driver Discount – Safe drivers can get discounts for up to 45% lower rates for S5 insurance than their less cautious counterparts.
  • Resident Student – Youth drivers who live away from home and don’t have a car can be insured at a reduced rate.
  • Low Mileage – Low mileage vehicles can qualify you for better rates on cars that stay parked.
  • Discount for Swiching Early – Select companies give a discount for signing up prior to your current policy expiration. The savings is around 10%.
  • Student Driver Training – Require your teen driver to enroll in driver’s education if it’s offered in school.
  • Homeowners Pay Less – Owning a home may earn you a small savings because of the fact that having a home is proof that your finances are in order.
  • Seat Belts Save – Buckling up and requiring all passengers to use their safety belts could cut 10% or more off your PIP or medical payments premium.
  • No Accidents – Claim-free drivers pay less when compared with drivers who are more careless.
  • Good Student Discount – This discount can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.

As a disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Most only apply to the cost of specific coverages such as collision or personal injury protection. Even though it may seem like you could get a free insurance coverage policy, it doesn’t quite work that way. But any discount will cut the cost of coverage.

A partial list of companies that may have these benefits may include but are not limited to:

Double check with each insurance company how you can save money. Savings may not apply in your area.

When might I need the advice of an agent?

When it comes to choosing coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that could help you determine whether your personal situation would benefit from an agent’s advice.

  • What is covered by UM/UIM coverage?
  • Can my babysitter drive my car?
  • Does having multiple vehicles earn me a discount?
  • Does car insurance cover theft of personal property?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Is my 2014 Audi S5 covered for flood damage?
  • What happens if I owe more than my 2014 Audi S5 is worth?
  • Why am I required to get a high-risk car insurance policy?
  • Do I need roadside assistance coverage?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Auto insurance 101

Knowing the specifics of a car insurance policy helps when choosing which coverages you need for your vehicles. Car insurance terms can be difficult to understand and coverage can change by endorsement. These are typical coverages available from car insurance companies.

Liability insurance – Liability coverage provides protection from damages or injuries you inflict on a person or their property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as medical expenses, pain and suffering and legal defense fees. How much coverage you buy is a personal decision, but you should buy higher limits if possible.

Medical payments and PIP coverage – Med pay and PIP coverage pay for short-term medical expenses for doctor visits, pain medications, rehabilitation expenses, hospital visits and chiropractic care. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive auto coverage – 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 can pay for things like damage from a tornado or hurricane, damage from getting keyed and hitting a deer. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Audi S5.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally these coverages are similar to your liability insurance amounts.

Collision – This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like rolling your car, damaging your car on a curb and colliding with another moving vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Power to the consumer

As you shop your coverage around, you should never reduce coverage to reduce premium. Too many times, someone dropped full coverage and discovered at claim time that they should have had better coverage. Your focus should be to buy the best coverage you can find at the best price, not the least amount of coverage.

We covered a lot of techniques to compare 2014 Audi S5 insurance prices online. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even discover the best price on car insurance is with the least-expected company. They often have lower prices on specific markets than their larger competitors like Allstate and Progressive.

Additional detailed information is available at these sites: