Truthfully, the best way to get cheaper Audi S5 insurance is to compare quotes annually from companies in Scottsdale. Rates can be compared by completing these steps.
- Take a few minutes and learn about what coverages are included in your policy and the changes you can make to keep rates low. Many risk factors that result in higher prices such as accidents, careless driving, and poor credit history can be amended by making minor changes to your lifestyle.
- Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like GEICO or Farmers Insurance, while independent agents can give you price quotes from multiple sources. Start a quote
- Compare the new rates to your current policy premium and determine if cheaper S5 coverage is available. If you find a lower rate quote and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
One key aspect when comparing rates is to try to compare the same liability limits and deductibles on each quote request and and to analyze every company you can. This helps ensure an apples-to-apples comparison and a complete selection of prices.
Unbelievable but true according to a study nearly 70% of customers have purchased from the same company for well over three years, and nearly half have never even compared rates from other companies. American consumers could cut their rates by about 46.5% a year, but they underestimate the benefits if they changed companies.
Comparing rates for the most affordable protection in Scottsdale is not as hard as you may think. If you have a current car insurance policy or are looking for a new policy, use these tips to reduce the price you pay while maintaining coverages. Comparison shoppers just have to use the least time-consuming way to compare insurance rates on the web.
The following companies provide price comparisons in Scottsdale, AZ. If your goal is to find cheaper car insurance in Arizona, we suggest you click on several of them to find the lowest auto insurance rates.
Why you need quality insurance for your vehicle
Even though Scottsdale S5 insurance rates can get expensive, auto insurance is required for several reasons.
First, the majority of states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability coverage in order to drive the car legally. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a loan on your car, most lenders will make it a condition of the loan that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the lender may insure your Audi at a more expensive rate and force you to reimburse them for the expensive policy.
Third, auto insurance protects both your Audi S5 and your personal assets. It will also cover medical bills for yourself as well as anyone injured by you. Liability insurance also covers legal expenses if you cause an accident and are sued. If your Audi gets damaged, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of insuring your car are without a doubt worth the cost, particularly if you ever have a claim. Today the average American driver is overpaying more than $830 a year so you should quote rates at least once a year to make sure the price is not too high.
Analysis of coverages
The price information shown below highlights a range of insurance coverage prices for Audi S5 models. Having a better idea how rates are established is important for making informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $290 | $664 | $404 | $24 | $122 | $1,504 | $125 |
| S5 4.2 Quattro 2-Dr Coupe | $290 | $664 | $404 | $24 | $122 | $1,504 | $125 |
| S5 3.0 Quattro 2-Dr Convertible | $290 | $594 | $404 | $24 | $122 | $1,434 | $120 |
| S5 4.2 Quattro 2-Dr Coupe | $290 | $732 | $404 | $24 | $122 | $1,572 | $131 |
| S5 4.2 Quattro 2-Dr Coupe | $290 | $732 | $404 | $24 | $122 | $1,572 | $131 |
| S5 3.0 Quattro 2-Dr Convertible | $316 | $664 | $404 | $24 | $122 | $1,530 | $128 |
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Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Prices do not factor in vehicle garaging location which can increase or decrease rates significantly.
Policy deductibles
When buying car insurance, a common question is how high should the deductibles for physical damage be. The following insurance rates determine the price difference when you choose different physical damage deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $358 | $798 | $300 | $18 | $90 | $1,589 | $132 |
| S5 4.2 Quattro 2-Dr Coupe | $358 | $798 | $300 | $18 | $90 | $1,589 | $132 |
| S5 3.0 Quattro 2-Dr Convertible | $358 | $716 | $300 | $18 | $90 | $1,507 | $126 |
| S5 4.2 Quattro 2-Dr Coupe | $358 | $882 | $300 | $18 | $90 | $1,673 | $139 |
| S5 4.2 Quattro 2-Dr Coupe | $358 | $882 | $300 | $18 | $90 | $1,673 | $139 |
| S5 3.0 Quattro 2-Dr Convertible | $390 | $798 | $300 | $18 | $90 | $1,621 | $135 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $198 | $420 | $300 | $18 | $90 | $1,026 | $86 |
| S5 4.2 Quattro 2-Dr Coupe | $198 | $420 | $300 | $18 | $90 | $1,026 | $86 |
| S5 3.0 Quattro 2-Dr Convertible | $198 | $376 | $300 | $18 | $90 | $982 | $82 |
| S5 4.2 Quattro 2-Dr Coupe | $198 | $464 | $300 | $18 | $90 | $1,070 | $89 |
| S5 4.2 Quattro 2-Dr Coupe | $198 | $464 | $300 | $18 | $90 | $1,070 | $89 |
| S5 3.0 Quattro 2-Dr Convertible | $216 | $420 | $300 | $18 | $90 | $1,044 | $87 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rate information does not factor in specific Scottsdale garaging location which can change premiums significantly.
Based on the data above, we can derive that using a $100 deductible will cost you approximately $47 more each month or $564 annually than choosing the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at least 19 months between claims, you would more than likely save some money by going with a higher deductible.
Audi S5 liability rates compared to full coverage
The illustration below shows the comparison of Audi S5 auto insurance costs with full physical damage coverage and with liability coverage only. Data assumes no tickets, no at-fault accidents, $250 deductibles, single status, and no other discounts are factored in.
Are you wasting money on full coverage?
There is no definitive guideline of when to phase out physical damage insurance, but there is a general convention. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Audi S5 settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after paying your policy deductible. If you are currently paying more than $500 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some scenarios where dropping physical damage coverage is not advised. If you still owe money on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.
Insurance policy discounts you can’t miss
Some insurers do not list every available discount very clearly, so here is a list some of the more common in addition to some of the lesser obvious discounts that you may qualify for. If you’re not getting every credit you qualify for, you could be paying more than you need to.
- Good Student – A discount for being a good student can earn a discount of 20% or more. You can use this discount normally up to age 25.
- Professional Memberships – Being in specific professional or occupational memberships or organizations is a good way to get lower rates on your policy.
- Student Driver Training – Require your teen driver to enroll in driver’s education in school.
- Payment Method – If paying your policy premium upfront instead of making monthly payments you can avoid the installment charge.
- Passive Restraint Discount – Options like air bags or motorized seat belts may qualify for discounts of 20 to 30 percent.
Discounts lower rates, but many deductions do not apply to all coverage premiums. Most only cut individual premiums such as liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, it’s just not the way it works.
The chart below shows the comparison of Audi S5 premium costs with and without some available policy discounts. The data is based on a male driver, no claims or driving citations, Arizona state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, safe-driver, multi-car, claim-free, and marriage discounts applied.
To choose companies with discount insurance rates in Arizona, follow this link.
Do I just need basic coverages?
When selecting a policy for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different so your insurance needs to address that.
These are some specific questions may help you determine whether your personal situation might need an agent’s assistance.
- Should I buy only the required Arizona minimum liability coverage?
- How much can I save by bundling my policies?
- Should I file a claim if it’s only slightly more than my deductible?
- How can I get high-risk coverage after a DUI?
- What should my uninsured motorist coverage limits be in Arizona?
- Does insurance cover damages from a DUI accident?
- Am I covered if I have no license?
- When can I cancel my policy?
- Am I covered while delivering pizza?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.