Save on 2018 Audi S5 Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 11, 2024

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No one in their right mind anticipates paying for auto insurance, particularly when the price is too high. Due to the abundance of auto insurance companies to choose from, it’s difficult to pick the best insurer.

Consumers need to take a look at other company’s rates quite often because prices change quite often. If you had the best deal on S5 insurance on your last policy you will most likely find a better rate quote today. You can search a lot of auto insurance out there, but I’m going to show you a lot of great tips on how to slash your auto insurance rates.

Get cheap rates by taking advantage of discounts

The price of auto insurance can be rather high, but you may find discounts to help bring down the price. Most are applied at the time of quoting, but some need to be asked about before you will receive the discount. If you do not double check each discount you deserve, you are throwing money away.

  • Discount for Good Grades – Maintaining excellent grades can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
  • Low Mileage Discounts – Fewer annual miles on your Audi may allow you to get lower rates due to less chance of an accident.
  • Passive Restraints and Air Bags – Factory options such as air bags and/or automatic seat belt systems can receive discounts of more than 20%.
  • Mature Driver Discount – Drivers that qualify as senior citizens may qualify for reduced rates on S5 insurance.
  • Military Discounts – Having an actively deployed family member could be rewarded with lower rates.
  • Homeowners Savings – Simply owning a home can help you save on auto insurance because it is proof that your finances are in order.
  • Student Driver Training – Require your teen driver to enroll and complete driver’s education in school or through a local driver safety program.
  • E-sign Discounts – A few larger online companies will provide an incentive get auto insurance digitally online.

Policy discounts save money, but some of the credits will not apply to the entire cost. Most only reduce individual premiums such as comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, nobody gets a free ride.

A few companies that may offer quotes with these discounts may include but are not limited to:

  • Progressive
  • AAA
  • Farmers Insurance
  • Esurance
  • State Farm

If you are trying to find inexpensive auto insurance quotes, ask each insurance company how many discounts you can get. Depending on the company, some discounts might not be offered in your state. If you would like to choose from a list of auto insurance companies that offer the discounts shown above, enter your zip code here.

Cheap car insurance rate quotes

Performing a rate comparison can be challenging if you aren’t aware of the fastest way to get free quotes. You could waste a few hours driving to insurance companies in your area, or you could save time and use the web to get rate comparisons in just a few minutes.

Most of the best insurance companies participate in a marketplace that allows shoppers to only type in their quote data once, and every company returns a competitive quote for coverage. This saves time by eliminating repetitive form submissions for each company you want a rate for.

To use this form to compare rates enter your zip code here.

The one disadvantage to using this type of form is that you can’t choose the companies you will receive quotes from. If you would rather choose individual companies to compare prices, we put together a list of low cost car insurance companies in your area. Click to enter zip code.

Take whichever approach you prefer, but double check that you are using the exact same coverage limits and deductibles on every quote you get. If the quotes have different limits and deductibles on each one it will be next to impossible to find the best deal for your Audi S5.

Eight factors that impact insurance prices

Consumers need to have an understanding of the rating factors that go into determining your premiums. If you have a feel for what determines premiums, this enables you to make decisions that may reward you with cheaper rates.

Shown below are most of the major factors used by your company to calculate your premiums.

  • Cars with good safety ratings lower prices – Safer cars get lower rates. Highly rated vehicles result in less severe injuries and fewer injuries translates directly to fewer claims and lower rates for you.
  • Teenagers vs. mature drivers – Mature drivers have been proven to be more responsible, are lower risk to insure and get fewer tickets. Beginning drivers are statistically proven to get distracted easily in a vehicle therefore car insurance rates are much higher.
  • Higher car insurance rates for policy lapses – Not having insurance can get your license suspended and car insurance companies will penalize you for letting your coverage lapse. In addition to paying higher rates, not being able to provide proof of insurance could result in fines and jail time.
  • You might pay higher rates if you are single – Having a wife or husband can get you a discount on your car insurance bill. It translates into being less irresponsible and it’s proven that drivers who are married are more cautious.
  • Liability protection limits on your policy – Your car insurance policy’s liability coverage will afford coverage if ever you are ruled to be at fault for causing damage or personal injury in an accident. Liability insurance provides you with a defense in court starting from day one. Liability insurance is pretty cheap compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.
  • Do thieves like your car? – Owning a car with advanced anti-theft systems can save you some money. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop your car from being stolen.
  • Low mileage costs less – The higher the mileage driven in a year’s time the higher the price you pay to insure it. Most companies charge to insure your cars based on their usage. Vehicles that sit idle most of the time get more affordable rates than vehicles that are driven to work every day. Verify your vehicle rating properly reflects the proper vehicle usage, because improper ratings can cost you money. An improperly rated S5 can result in significantly higher rates.
  • Prices can be impacted by your occupation – Occupational choices like real estate brokers, executives and miners tend to pay the highest average rates attributed to high stress levels and lengthy work days. On the flip side, professions such as professors, students and the unemployed pay lower than average rates on S5 insurance.

How much insurance coverage do I need?

When buying the right insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Every situation is different and your policy should reflect that. For example, these questions may help highlight if your insurance needs could use an agent’s help.

  • How can I get high-risk coverage after a DUI?
  • Do I have coverage when using my vehicle for my home business?
  • Is a blown tire covered by insurance?
  • Do I pay less if my vehicle is kept in my garage?
  • Am I covered if I drive in a foreign country?
  • Do I need medical payments coverage since I have good health insurance?

If you’re not sure about those questions then you might want to talk to a licensed agent. To find an agent in your area, take a second and enter your zip code. It’s fast, free and can provide invaluable advice.

Smaller companies may have the best rates

Consumers can’t escape the ads that claim the best premium rates by companies like State Farm and Allstate. All the companies have a common claim that drivers will save a bundle if you change your car insurance coverage to their company.

How is it plausible that every one can charge you a lower premium? This is the way they can do it.

All companies quote their cheapest rates for the type of customer that will generate a profit. An example of a profitable risk profile may be a married male, has a low-risk occupation, and drives a safe vehicle. Anyone who meets those qualifications will qualify for the lowest rates and will cut their rates substantially.

Potential customers who don’t meet these criteria may be required to pay higher premiums and ends up with the driver buying from a lower-cost company. The ad wording is “customers that switch” not “everyone that quotes” save that much when switching. That is how insurance companies can advertise the savings.

This illustrates why drivers should compare price quotes frequently. It is impossible to predict which insurance companies will give you the biggest savings.

Insurance coverage basics

Having a good grasp of your policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. These are the usual coverages offered by insurance companies.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as chiropractic care, pain medications, ambulance fees, surgery and doctor visits. They can be used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Auto liability – Liability insurance protects you from damage that occurs to people or other property. This coverage protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for things like structural damage, legal defense fees, funeral expenses and loss of income. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Collision coverage – This covers damage to your S5 from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like backing into a parked car, sustaining damage from a pot hole, scraping a guard rail and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage – This provides protection from other drivers when they either have no liability insurance or not enough. Covered losses 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 carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these coverages are similar to your liability insurance amounts.

Comprehensive coverages – This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like hitting a deer, a broken windshield, damage from getting keyed and a tree branch falling on your vehicle. The maximum amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Shop around and save

A few companies do not provide rates over the internet and usually these small, regional companies provide coverage only through local independent agencies. Low-cost 2018 Audi S5 insurance is attainable on the web and also from your neighborhood agents, and you should be comparing both to get a complete price analysis.

As you restructure your insurance plan, do not buy poor coverage just to save money. There are a lot of situations where an insured dropped comprehensive coverage or liability limits only to regret at claim time that the savings was not a smart move. Your objective should be to buy enough coverage at the lowest possible cost but still have enough coverage for asset protection.

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