Find Affordable Audi S5 Insurance in Raleigh

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Insurance for Audi S5If you want to save money, the best way to find affordable quotes for auto insurance rates is to compare prices regularly from providers in Raleigh.

First, learn about auto insurance and the measures you can take to prevent expensive coverage. Many factors that result in higher rates like traffic citations, accidents, and a low credit score can be rectified by making lifestyle changes or driving safer.

Second, compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like GEICO or State Farm, while agents who are independent can provide prices for many different companies. View prices

Third, compare the new rates to the price on your current policy and see if you can save money. If you find a lower rate quote, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, notify your agent or company to cancel your current auto insurance policy and submit the required down payment along with the signed application for your new coverage. Make sure you store the proof of insurance paperwork along with your vehicle registration.

A crucial key to this process is that you'll want to make sure you compare similar limits and deductibles on every price quote and and to get rate quotes from as many different insurance providers as possible. Doing this enables an accurate price comparison and the best price quote selection.

It's a fact that car insurance companies don't want you quoting rates from other companies. People who shop around at least once a year will, in all likelihood, move their business because there are good odds of finding a policy with better rates. A recent study showed that consumers who regularly shopped around saved on average $865 annually as compared to drivers who never shopped around for cheaper prices.

If finding the best price on Audi S5 insurance in Raleigh is why you're here, then having some knowledge of how to quote prices and compare coverage rates can make it easier to shop your coverage around.

Most major insurance companies allow you to get coverage prices on their websites. Doing online price comparisons for Audi S5 insurance in Raleigh is fairly simple because it's just a matter of typing in the amount of coverage you want as detailed in the form. When complete, their rating system will order your driving and credit reports and provides a quote based on many factors. Using the web to get rates for Audi S5 insurance in Raleigh simplifies rate comparisons, and it's necessary to compare as many rates as possible if you are searching for the cheapest price.

To save time and find out what other companies charge, compare rates from the companies below. If you have coverage now, it's recommended you duplicate deductibles and limits exactly as they are listed on your policy. This helps ensure you will be getting a rate comparison based on identical coverages.

The companies in the list below can provide price comparisons in Raleigh, NC. To get cheap auto insurance in North Carolina, we suggest you visit several of them to find the most affordable auto insurance rates.

Rates and statistics

The information displayed next highlights estimates of prices for Audi S5 models. Learning more about how car insurance prices are calculated can assist in making decisions on which insurance to purchase.

Audi S5 Insurance Rates in Raleigh, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $208 $506 $324 $20 $96 $1,154 $96
S5 4.2 Quattro 2-Dr Coupe $208 $506 $324 $20 $96 $1,154 $96
S5 3.0 Quattro 2-Dr Convertible $208 $454 $324 $20 $96 $1,102 $92
S5 4.2 Quattro 2-Dr Coupe $208 $558 $324 $20 $96 $1,206 $101
S5 4.2 Quattro 2-Dr Coupe $208 $558 $324 $20 $96 $1,206 $101
S5 3.0 Quattro 2-Dr Convertible $228 $506 $324 $20 $96 $1,174 $98
Get Your Own Custom Quote Go

Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in Raleigh location which can impact prices considerably.

Policy deductibles

One frequently asked question is how low should you set your deductibles. The rates shown below may help you to understand the difference in cost of buying low and high insurance deductibles. The first price estimate table uses a $250 deductible for physical damage and the second rate table uses a $1,000 deductible.

Audi S5 insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $266 $556 $250 $14 $74 $1,185 $99
S5 4.2 Quattro 2-Dr Coupe $266 $556 $250 $14 $74 $1,185 $99
S5 3.0 Quattro 2-Dr Convertible $266 $498 $250 $14 $74 $1,127 $94
S5 4.2 Quattro 2-Dr Coupe $266 $614 $250 $14 $74 $1,243 $104
S5 4.2 Quattro 2-Dr Coupe $266 $614 $250 $14 $74 $1,243 $104
S5 3.0 Quattro 2-Dr Convertible $292 $556 $250 $14 $74 $1,211 $101
Get Your Own Custom Quote Go
Audi S5 insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $164 $350 $250 $14 $74 $852 $71
S5 4.2 Quattro 2-Dr Coupe $164 $350 $250 $14 $74 $852 $71
S5 3.0 Quattro 2-Dr Convertible $164 $314 $250 $14 $74 $816 $68
S5 4.2 Quattro 2-Dr Coupe $164 $386 $250 $14 $74 $888 $74
S5 4.2 Quattro 2-Dr Coupe $164 $386 $250 $14 $74 $888 $74
S5 3.0 Quattro 2-Dr Convertible $180 $350 $250 $14 $74 $868 $72
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rate information does not factor in Raleigh location which can increase or decrease price quotes greatly.

We can estimate from the data above that using a $250 deductible costs an average of $28 more each month or $336 annually averaged for all S5 models than selecting the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 27 months between claim filings, you would come out ahead going with the higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $250 deductibles: $100
Average monthly premium for $1,000 deductibles (subtract): - $72
Monthly savings from raising deductible: $28
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 27 months

Audi S5 full coverage rates compared to liability only

The example below compares Audi S5 insurance premiums with and without physical damage coverage. The prices are based on no accidents or driving violations, $100 deductibles, marital status is single, and no discounts are applied.

Should you pay for full coverage?

There is no clear-cut rule for dropping physical damage coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it's probably a good time to buy liability coverage only.

For example, let's say your Audi S5 book value is $4,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $3,000 after the policy deductible has been paid. If you are paying in excess of $300 annually for physical damage coverage, then you might want to consider buying only liability coverage.

There are some cases where removing full coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not drop full coverage.

Insurance is an important decision

Even though it can be expensive, insuring your vehicle is most likely required but also gives you several important benefits.

  • The majority of states have mandatory insurance requirements which means you are required to carry a specific minimum amount of liability coverage if you want to drive legally. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a lien on your vehicle, most lenders will require you to buy full coverage to protect their interest in the vehicle. If you default on your policy, the lender may insure your Audi at a much higher rate and force you to reimburse them for the much more expensive policy.
  • Insurance safeguards not only your vehicle but also your financial assets. Insurance will also pay for medical expenses incurred in an accident. Liability insurance also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, your policy will cover the repair costs.

The benefits of having insurance more than cancel out the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is overpaying over $700 annually so you should quote your policy with other companies once a year at a minimum to ensure rates are inline.

Lower Your Raleigh Insurance Premiums

Many different elements are considered when you quote your car insurance policy. Some are pretty understandable such as traffic violations, although others are not quite as obvious such as whether you are married or how financially stable you are. When buying car insurance it's important to understand the different types of things that play a part in calculating your car insurance rates. When consumers understand what positively or negatively impacts your premiums, this allows you to make good choices that may reward you with big savings.

More performance means more cost - The performance of the vehicle you drive makes a big difference in the rate you pay. The best insurance prices tend to be for economy passenger models, but there are many factors that impact the final cost.

The chart below uses these assumptions: married male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It shows Audi S5 insurance premiums compared to other vehicles that have different performance rating factors.

Rates may be lower depending on your job - Occupations such as lawyers, executives, and stock brokers generally pay higher rates than average in part from intense work-related stress and extremely grueling work hours. Other jobs such as scientists, engineers and performers have lower than average premiums.

Higher comp and collision deductibles are cheaper - Physical damage coverage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your Audi. Some examples of covered claims could be colliding with a building, damage caused by hail, and rolling your vehicle. The deductibles you choose define how much you are required to spend in the event of a claim. The more the insured has to pay upfront, the lower your rates will be.

Experienced drivers save more - Older insureds are more cautious drivers, cause fewer claims and accidents, and are generally more financially stable. Young drivers are proven to be easily distracted with other occupants in the car so car insurance rates are higher.

The following chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.

Insurance loss probability for an Audi S5 - Auto insurance companies analyze claim trends for every vehicle to calculate a rate that will offset losses. Models that the data shows to have higher number or severity of losses will cost more for coverage.

The data below shows the historical insurance loss data for Audi S5 vehicles. For each type of coverage, the claim amount for all vehicles as a whole is represented as 100. Percentage numbers below 100 suggest losses that are better than average, while values that are above 100 show a trend for more claims or an increased likelihood of larger losses.

Audi S5 Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Audi S5 2dr 4WD 197 85 161 68
Audi S5 Convertible 4WD 162 62 124
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years

Persistent drivers can save

When getting Raleigh auto insurance quotes online, don't be tempted to buy poor coverage just to save money. There have been many situations where someone sacrificed physical damage coverage and discovered at claim time that it was a big mistake. Your objective should be to buy a smart amount of coverage at a price you can afford and still be able to protect your assets.

We've covered a lot of techniques to compare Audi S5 insurance rates in Raleigh. It's most important to understand that the more you quote Raleigh auto insurance, the higher the chance of saving money. Consumers could even find that the biggest savings come from a small local company. Regional companies can often insure niche markets at a lower cost than their larger competitors like Allstate and Progressive.

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