Compare 2008 Audi S5 Insurance Rates

Locating budget insurance online is impossible for buying their insurance on the internet. With such a big selection of agents and online companies, how are we expected to have a chance to compare every company to locate the cheapest rates?

Verify you’re getting every discount

Some insurance providers do not list the entire discount list very clearly, so the next list breaks down some of the best known and the harder-to-find discounts you could be receiving when you buy auto insurance online. If you aren’t receiving every discount available, you are just wasting money.

  • Defensive Driver – Passing a course that instructs on driving safety may get you a small discount and easily pay for the cost of the class.
  • Discount for Multiple Policies – If you have multiple policies and place coverage with the same company you could save at least 10% off all policies.
  • Claim-Free Discount – Drivers who stay claim-free can save substantially as compared to frequent claim filers.
  • Senior Discount – Drivers over the age of 55 can possibly qualify for a slight reduction on a auto insurance quote for S5 insurance.
  • Drive Safe and Save – Accident-free drivers can get discounts for up to 45% lower rates for S5 insurance than drivers with accident claims.
  • Braking Control Discount – Anti-lock brake equipped vehicles can avoid accidents so companies give up to a 10% discount.

Keep in mind that most discount credits are not given to the overall cost of the policy. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

Some of the insurance companies that may include these benefits possibly include:

Before you buy a policy, ask every company which credits you are entitled to. A few discounts may not apply to policies in your area. To see a list of insurance companies with significant discounts, click here.

Why your insurance premiums might be higher

A large part of saving on insurance coverage is knowing some of the things that help calculate insurance coverage rates. When consumers understand what influences your rates, this allows you to make good choices that could help you find big savings. Lots of factors are used in the calculation when quoting car insurance. Some are obvious such as your driving history, but other factors are not quite as obvious such as your marital status or how safe your car is.

The list below includes most of the major factors companies use to determine premiums.

  • High credit equals lower premiums – A driver’s credit score is a big factor in determining your rates. If your credit leaves room for improvement, you could save money insuring your 2008 Audi S5 by improving your rating. Insureds that have good credit tend to be less risk to insure than drivers with bad credit.
  • Save miles and save money – Driving a lot of miles in a year’s time the higher the price you pay to insure it. Almost all companies apply a rate based on how the vehicle is used. Cars used primarily for pleasure use cost less to insure as compared to vehicles used primarily for driving to work. Ask your agent if your insurance coverage policy shows the proper vehicle usage. An incorrectly rated S5 is just wasting money.
  • Single drivers take more risk – Having a wife or husband actually saves money on your policy. Having a spouse generally demonstrates drivers are more stable financially it has been statistically shown that drivers who are married are more cautious.
  • Better prices on safer vehicles – Safe vehicles cost less to insure. Safer cars result in less severe injuries and lower injury rates translates into savings for insurance companies and more competitive rates for policyholders. If your Audi has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • Bad driving means higher costs – Being a careful driver has a huge affect on how much you pay. Attentive drivers get better prices compared to bad drivers. Even a single chargable violation can increase the cost of insurance by twenty percent. Drivers unfortunate enough to have careless violations like DUI, reckless driving or excessive speeding may find they need to submit a SR-22 form with their state motor vehicle department in order to legally drive.

When should I discuss my situation with an agent?

When buying coverage, there is no best way to insure your cars. Every insured’s situation is different.

For instance, these questions can help discover if you will benefit from professional help.

  • Should I waive the damage coverage when renting a car?
  • Can my teen driver be rated on a liability-only vehicle?
  • How do I buy GAP insurance?
  • Where can I get insurance after a DUI in my state?
  • What is roadside assistance coverage?
  • Does my 2008 Audi S5 qualify for pleasure use?
  • When should I not file a claim?
  • Can I rent a car in Mexico?
  • Can I drive in Mexico and have coverage?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form.

Insurance coverages and their meanings

Having a good grasp of insurance aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Liability insurance – This can cover damages or injuries you inflict on people or other property by causing an accident. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers things like court costs, legal defense fees, bail bonds and medical expenses. How much liability should you purchase? That is your choice, but buy higher limits if possible.

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

Collision coverage pays for claims like backing into a parked car, rolling your car, damaging your car on a curb, hitting a parking meter and crashing into a ditch. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to raise the deductible to save money on collision insurance.

Comprehensive coverage – This covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like hail damage, a tree branch falling on your vehicle, damage from getting keyed and falling objects. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like nursing services, X-ray expenses, chiropractic care and doctor visits. They are often used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and also any damage incurred to your Audi S5.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

What is YOUR best insurance company?

We just presented a lot of information how to lower your 2008 Audi S5 insurance premium rates. The key thing to remember is the more rate comparisons you have, the better likelihood of getting the cheapest auto insurance. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising.

When getting auto insurance quotes online, it’s not a good idea to buy less coverage just to save a little money. In many cases, an insured dropped liability coverage limits only to discover later that the small savings ended up costing them much more. The proper strategy is to find the BEST coverage at an affordable rate but still have enough coverage for asset protection.

People switch companies for any number of reasons including being labeled a high risk driver, policy non-renewal, poor customer service and even delays in responding to claim requests. No matter why you want to switch, finding a new company can be pretty painless.

More tips and info about insurance is available in these articles: