2012 Audi S5 Insurance Cost – 5 Ways to Save

Looking for the cheapest auto insurance rates for your Audi S5? Cutting costs on auto insurance may be nearly impossible for drivers who have little experience quoting and comparing prices online. With such a large number of agents and companies competing online, it can quickly become a lot of work to find more affordable auto insurance rates.

If you currently have a car insurance policy, you will be able to lower your premiums substantially using these techniques. The purpose of this post is to introduce you to how car insurance quotes work and some tips to save money. But vehicle owners must know how the larger insurance companies price insurance differently because it can help you find the best coverage.

Buy insurance online

There are a variety of methods you can shop for insurance but some are less labor-intensive and much quicker. You could spend your day driving to local insurance agents in your area, or you can stay home and use the internet to accomplish the same thing much quicker.

Many insurance companies participate in a marketplace where prospective buyers only type in their quote data once, and each participating company can give them a price. This system prevents you from having to do quote forms to each individual insurance company.

To participate in this free quote system, click here (opens in new window).

The one disadvantage to getting quotes like this is you are unable to specify the insurers you will receive quotes from. If you would rather choose from a list of companies to receive pricing from, we have a listing of companies who write insurance in your area. View list of insurance companies.

You can use whichever method you prefer to find lower rates, just ensure you are comparing apples-to-apples coverages and limits for every quote you compare. If you enter differing limits it will be next to impossible to determine the lowest rate for your Audi S5. Quoting even small variations in coverages can result in a big premium difference. And when comparing insurance rates, know that getting more free quotes will enable you to find lower pricing.

Lower rate quotes by taking advantage of these five discounts

Insurance is not inexpensive, but discounts can save money and there are some available that many people don’t even know exist. A few discounts will automatically apply when you purchase, but less common discounts must be requested specifically prior to getting the savings.

  • Distant Student – who live away from home to go to college without a vehicle on campus could qualify for this discount.
  • Multiple Cars – Having multiple vehicles on the same insurance policy can reduce rates for all insured vehicles.
  • Air Bag Discount – Vehicles equipped with air bags or automatic seat belts may get savings of up to 25% or more.
  • Bundled Policy Discount – When you combine your auto and homeowners insurance with the same company you may earn over 10 percent off each policy depending on the company.
  • Service Members Pay Less – Being on active deployment in the military can result in better insurance rates.

A little note about advertised discounts, many deductions do not apply to the entire cost. Some only reduce the cost of specific coverages such as liability and collision coverage. So when it seems like it’s possible to get free car insurance, companies don’t profit that way.

A few popular companies and a summarized list of policyholder discounts can be found below.

  • Farm Bureau may have discounts that include multi-vehicle, good student, multi-policy, 55 and retired, driver training, safe driver, and renewal discount.
  • MetLife has savings for good driver, multi-policy, good student, claim-free, accident-free, defensive driver
  • Progressive may offer discounts for continuous coverage, online signing, multi-policy, multi-vehicle, good student, and online quote discount.
  • AAA includes discounts for pay-in-full, anti-theft, education and occupation, AAA membership discount, and good driver.
  • American Family may include discounts for TimeAway discount, defensive driver, Steer into Savings, mySafetyValet, and early bird.
  • GEICO has discounts for driver training, emergency military deployment, air bags, multi-policy, military active duty, and membership and employees.
  • State Farm discounts include safe vehicle, multiple autos, good driver, good student, Drive Safe & Save, and accident-free.

If you need affordable car insurance quotes, ask each company to apply every possible discount. Savings may not apply to policies in your state. To find providers with significant discounts, click here.

How much insurance do I need?

When it comes to buying the best insurance coverage, there really is no one size fits all plan. Everyone’s situation is unique.

For instance, these questions can aid in determining if your situation might need an agent’s assistance.

  • Why am I be forced to buy a membership to get insurance from some companies?
  • Are rental cars covered under my policy?
  • Am I insured when driving a different vehicle?
  • Do I need special endorsements for business use of my vehicle?
  • Is my ex-spouse still covered by my policy?
  • Should I buy more coverage than the required minimum liability coverage?
  • Does my 2012 Audi S5 qualify for pleasure use?
  • Should I buy full coverage?
  • Do I need added coverage for expensive stereo equipment?
  • Do I have coverage for damage caused while driving under the influence?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.

Learn about insurance coverages for an Audi S5

Having a good grasp of insurance can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Liability auto insurance – This coverage protects you from damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

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

Liability coverage protects against claims such as attorney fees, loss of income, bail bonds, legal defense fees and medical expenses. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as damage to your 2012 Audi S5.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive insurance – This coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as hitting a bird, damage from getting keyed, damage from flooding, vandalism and hitting a deer. The highest amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as prosthetic devices, funeral costs, doctor visits, X-ray expenses and chiropractic care. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and may carry a deductible

Collision coverage – This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like damaging your car on a curb, colliding with another moving vehicle, colliding with a tree and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.