Best Ways to Save on Philadelphia Audi S5 Insurance

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Insurance rates Audi S5 in PhiladelphiaDo you get exhausted from being strong-armed to pay auto insurance each month? You are in the same boat as most other consumers in Pennsylvania.

It's shocking but most auto insurance buyers renewed their policy with the same company for well over three years, and nearly half have never shopped around. Pennsylvania drivers could save themselves roughly 55% a year just by shopping around, but they feel it's too difficult to compare rates.

Lots of insurance companies contend for your hard-earned dollar, and it can be difficult to compare rates and get the best coverage at the best rate on Audi S5 insurance in Philadelphia.

If you're already insured, you will most likely be able to reduce premiums using the concepts covered in this article. Locating the best rates in Philadelphia is not that difficult as long as you know where to start. But Pennsylvania drivers benefit from understanding the way companies price insurance differently because rates are impacted by many factors.

Just remember that comparing all the rates in your area increases your odds of finding more affordable insurance. Some regional insurers cannot provide price estimates online, so it's recommended that you also compare price quotes from them as well.

The companies shown below provide quotes in Pennsylvania. If multiple companies are listed, we recommend you compare several of them in order to get a fair rate comparison.

Save money by taking advantage of discounts

Some companies don't list their entire list of discounts very clearly, so the following list contains some of the best known as well as the least known discounts that you can inquire about if you buy Philadelphia auto insurance online.Save money with discounts

  • Discount for Good Grades - Excelling in school can save 20 to 25%. This discount can apply until age 25.
  • Sign Early and Save - Some car insurance companies reward drivers for switching companies prior to your current S5 insurance policy expiring. It's a savings of about 10%.
  • Waiver for an Accident - This one isn't a discount, but a handful of insurance companies will turn a blind eye to one accident without getting socked with a rate hike so long as you are claim-free for a set time period.
  • Federal Employees - Active or retired federal employment can earn a discount up to 10% but check with your company.
  • Fewer Miles Equal More Savings - Maintaining low annual mileage may enable drivers to earn discounted prices on garaged vehicles.
  • Save over 55 - If you're over the age of 55, you can possibly qualify for lower premium rates.
  • E-sign - A few car insurance companies will give you a small discount get Philadelphia auto insurance digitally online.

Discounts lower rates, but many deductions do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So even though you would think having all the discounts means you get insurance for free, insurance companies wouldn't stay in business. But all discounts will definitely reduce the cost of your policy.

The chart below illustrates the difference between Audi S5 premium costs with and without discounts applied to the policy rates. The costs are based on a male driver, no tickets, no at-fault accidents, Pennsylvania 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 marriage, homeowner, multi-car, multi-policy, claim-free, and safe-driver discounts applied.

A partial list of companies that possibly offer some of the above discounts include:

Before buying, ask every insurance company how many discounts you can get. Some of the discounts discussed earlier might not be offered on policies in Philadelphia. To see providers offering car insurance discounts in Pennsylvania, follow this link.

Insurance coverage details

The coverage information shown below highlights detailed analysis of coverage costs for Audi S5 models. Learning how car insurance premiums are figured can help customers make smart choices when choosing a car insurance company.

Audi S5 Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $218 $462 $330 $20 $98 $1,128 $94
S5 4.2 Quattro 2-Dr Coupe $218 $462 $330 $20 $98 $1,128 $94
S5 3.0 Quattro 2-Dr Convertible $218 $414 $330 $20 $98 $1,080 $90
S5 4.2 Quattro 2-Dr Coupe $218 $510 $330 $20 $98 $1,176 $98
S5 4.2 Quattro 2-Dr Coupe $218 $510 $330 $20 $98 $1,176 $98
S5 3.0 Quattro 2-Dr Convertible $238 $462 $330 $20 $98 $1,148 $96
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rates do not factor in vehicle garaging location which can revise premium rates greatly.

Physical damage deductibles: Should you raise them?

When comparing insurance rates, the most common question is which comprehensive and collision deductibles to buy. The rates shown below determine the rate differences between high and low insurance deductibles. The first rate table uses a $250 physical damage deductible and the second set of rates uses a $1,000 deductible.

Audi S5 insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $352 $734 $330 $20 $98 $1,559 $130
S5 4.2 Quattro 2-Dr Coupe $352 $734 $330 $20 $98 $1,559 $130
S5 3.0 Quattro 2-Dr Convertible $352 $658 $330 $20 $98 $1,483 $124
S5 4.2 Quattro 2-Dr Coupe $352 $810 $330 $20 $98 $1,635 $136
S5 4.2 Quattro 2-Dr Coupe $352 $810 $330 $20 $98 $1,635 $136
S5 3.0 Quattro 2-Dr Convertible $386 $734 $330 $20 $98 $1,593 $133
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Audi S5 insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $218 $462 $330 $20 $98 $1,128 $94
S5 4.2 Quattro 2-Dr Coupe $218 $462 $330 $20 $98 $1,128 $94
S5 3.0 Quattro 2-Dr Convertible $218 $414 $330 $20 $98 $1,080 $90
S5 4.2 Quattro 2-Dr Coupe $218 $510 $330 $20 $98 $1,176 $98
S5 4.2 Quattro 2-Dr Coupe $218 $510 $330 $20 $98 $1,176 $98
S5 3.0 Quattro 2-Dr Convertible $238 $462 $330 $20 $98 $1,148 $96
Get Your Own Customized Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Prices do not factor in your specific Philadelphia location which can modify premiums significantly.

Based on the above data, using a $250 deductible will cost in the ballpark of $37 more each month or $444 each year across all Audi S5 models than buying the higher $1,000 deductible. Because you would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 20 months between claim filings, you would probably save some money if you decide on a higher deductible.

The information below demonstrates how deductibles and can impact Audi S5 insurance prices for different categories of driver ages. The costs are based on a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Does full coverage make sense?

The example below compares Audi S5 annual premium costs when comparing full coverage to liability only. The rates are based on no violations or accidents, $1,000 deductibles, drivers are single, and no discounts are applied.

When to stop paying for full coverage

There isn't a written rule to eliminate physical damage insurance, but there is a general school of thought. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let's assume your Audi S5 book value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after you pay the deductible. If premiums are more than $300 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some cases where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Independent versus exclusive insurance agents

Certain consumers still prefer to visit with an insurance agent and that can be a smart move The biggest benefit of comparing rates online is the fact that you can find lower rates and still choose a local agent. And buying from local agents is still important in Philadelphia.

After completing this simple form, your information is immediately sent to insurance agents in Philadelphia who will give you quotes for your insurance coverage. There is no need to find an agent due to the fact that quote results will go immediately to your email address. You can find better rates and a licensed agent to talk to. If for some reason you want to get a comparison quote from a particular provider, feel free to visit that company's website and submit a quote form there.

Finding the right insurance company should depend on more than just the premium amount. Here are some questions you should ask.

  • Are they primarily personal or commercial lines agents in Philadelphia?
  • If you have an accident, will your rates go up?
  • Will a damage claim use OEM or aftermarket replacement parts?
  • Do they reduce claim amounts on high mileage vehicles?
  • What is the agency's Better Business Bureau rating?

Everyone needs different auto insurance coverages

When quoting and choosing proper insurance coverage for your personal vehicles, there really is no best way to insure your cars. Everyone's needs are different.Auto insurance savings

For instance, these questions might point out whether or not you could use an agent's help.

  • Do I need special coverage while pulling a rented trailer?
  • Are there companies who specialize in insuring high-risk drivers?
  • Do I have coverage if I rent a car in Mexico?
  • Why am I required to buy liability insurance?
  • Am I covered if I hit a deer?
  • At what point should I drop full coverage?
  • Does rental coverage apply when I am renting a car?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • How much liability coverage do I need in Pennsylvania?

If you don't know the answers to these questions but one or more may apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form.

Why Smart Buyers Pay Less for Audi S5 Insurance

Lots of things are part of the equation when quoting car insurance. Most are fairly basic such as your driving record, but others are not quite as obvious like where you live and annual miles driven. One of the most helpful ways to save on insurance is to to have a grasp of some of the things that play a part in calculating your policy premiums. When consumers understand what positively or negatively impacts your premiums, this allows you to make good choices that may reward you with lower insurance prices.

Listed below are some of the factors used by companies to determine prices.

Gender matters - Over the last 50 years, statistics have shown that females take fewer risks when driving. Now that doesn't mean males are worse at driving than females. They both have auto accidents in similar percentages, but the males get into accidents with more damage. Not only that, but men also get ticketed for serious violations like DUI and reckless driving. Youthful male drivers generally have the highest accident percentage and thus pay the highest rates.

The diagram below shows the difference between Audi S5 insurance costs for male and female drivers. Data assumes no claims or violations, comprehensive and collision coverage, $250 deductibles, single marital status, and no policy discounts are applied.

Combine policies with the same company - Most larger insurers allow better rates to insureds who buy several policies from them such as combining an auto and homeowners policy. If you currently are using one company, you still need to get quotes from other companies to help guarantee you have the best rates. It's possible to still find a better deal even if you insure with multiple companies

Higher deductibles are cheaper - Coverage for physical damage, also called 'full coverage', protects your Audi from damage. Some examples of claims that would be covered could be running into the backend of another car, damage caused by hail, and damage caused by flying debris. Deductibles for physical damage define the amount you are required to spend if you file a covered claim. The higher the amount you choose to pay out-of-pocket, the less money you will pay for insurance.

Insurance policy lapses raise premiums - Driving any period of time without insurance is illegal and you may have a hard time finding new coverage because you let your insurance coverage expire. In addition to paying higher premiums, getting caught without coverage may earn you a hefty fine and possibly a revoked license. Then you may be required to submit proof of financial responsibility or a SR-22 with the Pennsylvania motor vehicle department to get your license reinstated.

Younger drivers pay higher premiums - Inexperience drivers have a tendency to be more careless when at the wheel of a vehicle so they pay higher insurance rates. More experienced drivers tend to be more responsible, are lower risk to insure, and tend to be get fewer driving tickets.

The following data uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Fast cars cost more to insure - The performance of the car, truck or SUV you are buying insurance for makes a substantial difference in your car insurance bill. Smaller low performance passenger models normally have pretty low rates, but the cost you end up paying is determined by many additional factors.

The following data is based on a married female driver age 40, full coverage with $500 deductibles, and no discounts or violations. It compares Audi S5 insurance premiums compared to other models of vehicles that have different performance rating factors.

Put fewer miles on your vehicle - The more miles you rack up on your Audi annually the higher the price you pay to insure it. Almost all companies calculate rates based on how the vehicle is used. Cars that have low annual miles get more affordable rates as compared to vehicles used primarily for driving to work. Verify your insurance declarations sheet is rated on the correct usage. A policy that improperly rates your S5 can cost quite a bit.

Insurance loss data for an Audi S5 - Companies include the past claim history for a vehicle in order to profitably underwrite each model. Vehicles that the statistics show to have a higher amount or frequency of claims will have higher rates for specific coverages.

The table below outlines the historical loss data for Audi S5 vehicles. For each coverage category, the statistical loss for all vehicles compiled together is a value of 100. Numbers below 100 suggest a positive loss record, while values over 100 point to more claims or a tendency for claims to be larger.

Auto Insurance Loss Data for Audi S5 Models
Vehicle Make and 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
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

It may be expensive, but it's not optional

Despite the high cost of buying insurance for a Audi S5 in Philadelphia, car insurance may be mandatory for several reasons.

First, the majority of states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability protection in order to get the vehicle licensed. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if you have a loan on your car, almost all lenders will force you to have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank may buy a policy for your Audi at a much higher rate and require you to pay for the much more expensive policy.

Third, car insurance protects not only your vehicle but also your financial assets. It also can pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability insurance also covers legal expenses if you cause an accident and are sued. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of carrying enough insurance outweigh the cost, especially if you ever need it. The average driver in America is wasting up to $750 every year so we recommend shopping around at least once a year to make sure the price is not too high.

A little work can save a LOT of money

Cost effective Audi S5 insurance can be purchased on the web in addition to local insurance agencies, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance providers don't offer the ability to get a quote online and most of the time these small, regional companies prefer to sell through independent insurance agencies.

When trying to cut insurance costs, it's a bad idea to skimp on coverage in order to save money. In many cases, an insured cut comprehensive coverage or liability limits only to regret that it was a big error on their part. The goal is to purchase plenty of coverage at a price you can afford while still protecting your assets.

We just presented some good ideas how you can compare Audi S5 insurance car insurance rates in Philadelphia. The most important thing to understand is the more quotes you get, the better your comparison will be. Drivers may even discover the lowest priced insurance comes from a small mutual company.

Additional detailed information can be found by following these links: