Save Money on Audi S5 Insurance in Louisville

Finding cheaper Audi S5 insurance in Louisville can be very difficult for beginners to online insurance quotes. People have so many options that it can be a difficult mission to compare prices in Kentucky on Audi S5 insurance.

Steps to buying lower priced Audi S5 insurance in Louisville

If you want to save the most money, the best way to find cheaper Audi S5 insurance in Louisville is to do a yearly price comparison from companies who provide car insurance in Kentucky. Rate comparisons can be done by following these guidelines.

One bit of advice is that you’ll want to make sure you compare the same amount of coverage on each quote request and and to analyze as many different companies as possible. Doing this helps ensure a fair rate comparison and a thorough selection of prices.

Insurance rates Audi S5 in LouisvilleStatistics show that the majority of drivers have been with the same company for more than four years, and about 40% of consumers have never even compared rates from other companies. The average driver in Louisville could save an average of almost 30% each year just by getting comparison quotes, but they mistakenly think it’s difficult to find affordable rates by getting comparison quotes.

Consumers need to shop coverage around occasionally because car insurance prices fluctuate regularly. If you had the best quotes on Audi S5 insurance in Louisville a year ago you may be paying too much now. There are lots of tips to save on S5 insurance on the web, but in this article, you’re going to get some great ideas on how to find cheap car insurance in Louisville.

The best way to get policy rate comparisons for Audi S5 insurance in Louisville is to know the trick most larger insurance companies allow for online access to give you rate quotes. To start a quote, the only thing you need to do is provide details like how much education you have, daily mileage, the make and model of your vehicles, and whether you are single or married. The data gets sent immediately to insurance carriers in your area and you receive quotes immediately.

To check rates for your Audi S5 now, click here and enter the information requested.

The providers in the list below provide free rate quotes in Kentucky. If multiple companies are listed, it’s highly recommended you click on several of them in order to get a fair rate comparison.

Do you qualify for discounts?

Companies offering auto insurance don’t always advertise their entire list of discounts very clearly, so the next list breaks down both the well known as well as the least known discounts you could be receiving when you buy Louisville auto insurance online.Cheaper auto insurance with discounts

While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the whole policy. A few only apply to individual premiums such as medical payments or collision. So despite the fact that it appears you can get free auto insurance, auto insurance companies aren’t that generous.

The chart below shows the difference between Audi S5 insurance costs with and without discounts being applied to the rates. The rates are based on a male driver, a clean driving record, no at-fault accidents, Kentucky state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, marriage, multi-car, claim-free, and homeowner discounts applied.

A few popular companies and a selection of discounts are detailed below.

Before purchasing a policy, check with every company which credits you are entitled to. Some discounts might not be offered in Louisville. To see auto insurance companies offering auto insurance discounts in Louisville, click here to view.

Rates and detailed analysis

The premium table shown below highlights detailed analysis of insurance premium costs for Audi S5 models. Learning a little about how rates are formulated can assist in making smart choices when choosing a car insurance company.

Audi S5 Insurance Rates in Louisville, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $246 $458 $428 $26 $128 $1,286 $107
S5 4.2 Quattro 2-Dr Coupe $246 $458 $428 $26 $128 $1,286 $107
S5 3.0 Quattro 2-Dr Convertible $246 $410 $428 $26 $128 $1,238 $103
S5 4.2 Quattro 2-Dr Coupe $246 $506 $428 $26 $128 $1,334 $111
S5 4.2 Quattro 2-Dr Coupe $246 $506 $428 $26 $128 $1,334 $111
S5 3.0 Quattro 2-Dr Convertible $270 $458 $428 $26 $128 $1,310 $109
Get Your Own Custom Quote Go

Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Estimates do not factor in Louisville location which can change coverage prices greatly.

Rate comparison for different deductibles

When comparing auto insurance rates, the most common question is where should you set your physical damage deductibles. The rates shown below show the rate fluctuation between high and low coverage deductibles. The first set of prices uses a $250 deductible for physical damage and the second rate chart uses a $1,000 deductible.

Audi S5 insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $350 $728 $326 $20 $98 $1,547 $129
S5 4.2 Quattro 2-Dr Coupe $350 $728 $326 $20 $98 $1,547 $129
S5 3.0 Quattro 2-Dr Convertible $350 $652 $326 $20 $98 $1,471 $123
S5 4.2 Quattro 2-Dr Coupe $350 $804 $326 $20 $98 $1,623 $135
S5 4.2 Quattro 2-Dr Coupe $350 $804 $326 $20 $98 $1,623 $135
S5 3.0 Quattro 2-Dr Convertible $382 $728 $326 $20 $98 $1,579 $132
Get Your Own Custom Quote Go

Audi S5 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $216 $458 $326 $20 $98 $1,118 $93
S5 4.2 Quattro 2-Dr Coupe $216 $458 $326 $20 $98 $1,118 $93
S5 3.0 Quattro 2-Dr Convertible $216 $410 $326 $20 $98 $1,070 $89
S5 4.2 Quattro 2-Dr Coupe $216 $506 $326 $20 $98 $1,166 $97
S5 4.2 Quattro 2-Dr Coupe $216 $506 $326 $20 $98 $1,166 $97
S5 3.0 Quattro 2-Dr Convertible $236 $458 $326 $20 $98 $1,138 $95
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rate information does not factor in specific zip code location which can change auto insurance rates significantly.

Based on the above data, using a $250 deductible would cost the average driver about $37 more each month or $444 every year than selecting the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 20 months between claims, you would save money by selecting a higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $250 deductibles: $131
Average monthly premium for $1,000 deductibles (subtract): – $94
Monthly savings from raising deductible: $37
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $37
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

The information below illustrates how your choice of deductibles and can impact Audi S5 insurance costs for each age group. The prices are based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.

Careless Louisville drivers pay higher rates

The diagram below demonstrates how citations and at-fault claims can raise Audi S5 insurance premiums for different categories of driver ages. The premium estimates are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.

Cost of full coverage in Louisville

The example below compares Audi S5 insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no claims or driving violations, $100 deductibles, marital status is single, and no discounts are applied to the premium.

Should you pay for full coverage or liability only?

There isn’t a steadfast formula of when to exclude physical damage insurance, but there is a guideline you can consider. If the yearly cost of full coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s assume your Audi S5 settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $8,000 after the deductible is paid. If you are paying more than $800 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some situations where eliminating full coverage is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not buy liability only.

Get Cheap Insurance Costs by Understanding These Factors

Multiple criteria are used when you get a price on insurance. Some factors are common sense such as traffic violations, although others are less apparent like your vehicle usage or your vehicle rating. When buying insurance it’s important to understand some of the elements that play a part in calculating your policy premiums. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that may result in cheaper rates.

The list below includes some of the major factors utilized by car insurance companies to help set premiums.

Does car insurance cost less for women? – Over time, data shows females are less aggressive when driving. This data doesn’t prove that men are WORSE drivers than women. Both genders are responsible for auto accidents in similar numbers, but men tend to have more serious accidents. Not only are claims higher, but men receive more costly citations like DWI (DUI) or reckless driving. Young males have the highest risk to insure so they pay the highest premiums.

The diagram below shows the comparison of Audi S5 insurance costs for male and female drivers. The costs are based on a clean driving record, no at-fault accidents, comp and collision included, $250 deductibles, drivers are single, and no other discounts are factored in.

Reduce rates by driving safer vehicles – Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles result in less severe injuries and better occupant protection means less money paid by your insurance company which can mean better rates for you. If your Audi is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.

Lower rates with a multi-policy discount – Most companies will award discounts to policyholders who have multiple policies with them in the form of a multi-policy discount. This can amount to ten or even fifteen percent. Even with this discount applied, you may still want to shop around to help ensure you have the lowest rates. You may still be able to save even more than the discount by buying from different companies

Demanding occupation may mean higher premiums – Do you have a high-stress occupation? Jobs like military generals, airline pilots, and miners tend to pay higher rates than average attributed to stressful work requirements and lengthy work days. Other jobs like scientists, athletes and performers have lower than average premiums.

Premiums are lower the older you get – Inexperience drivers are proven to be inattentive and easily distracted with other occupants in the car and because of this, their insurance rates are much higher. Mature drivers are more responsible, cause fewer claims and accidents, and are generally more financially stable.

The next chart uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.

Insurance loss data for Audi S5 vehicles – Auto insurance companies include the past claim history for a vehicle to help set a rate to offset losses. Vehicles that are shown to have higher frequency or amount of claims will have higher premium rates. The next table illustrates the insurance loss data used by companies for Audi S5 vehicles.

For each policy coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is a value of 100. Numbers shown that are under 100 are indicative of better than average losses, while values that are above 100 show a trend for more claims or an increased likelihood of larger losses.

Audi S5 Insurance Claim 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

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years