Unbelievably, nearly 70% of consumers have been with the same company for at least the last four years, and nearly 40% of drivers have never shopped around. American consumers could pocket almost 46.5% a year by just comparing quotes, but most tend to underestimate how much money they would save if they swap their current policy for a cheaper one.
The recommended way to get the cheapest Audi S5 insurance in Chandler is to regularly compare price quotes from companies in Arizona. Drivers can shop around by following these steps.
- Step 1: Try to learn a little about the different coverages in a policy and the factors you can control to keep rates down. Many rating criteria that cause high rates such as multiple speeding tickets and poor credit history can be improved by making minor driving habit or lifestyle changes.
- Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO and State Farm, while agents who are independent can provide price quotes from multiple insurance companies.
- Step 3: Compare the new quotes to your existing coverage and determine if there is any savings. If you find a lower rate and change companies, make sure coverage is continuous and does not lapse.
The key aspect of shopping around is that you’ll want to make sure you compare the same deductibles and limits on each quote request and and to get price quotes from as many different companies as possible. This enables a fair rate comparison and many rates to choose from.
Our objective in writing this article is to tell you how to compare rates easily and also save some money in the process If you currently have a car insurance policy, you will be able to find better prices using the ideas covered in this article. But Arizona vehicle owners benefit from understanding how big insurance companies calculate your car insurance rates because rates are impacted by many factors.
The are a couple different ways to obtain and compare prices from different companies. The easiest way by far to find competitive Audi S5 insurance rates is to get quotes online.
Comparison shopping quotes online is easy and it makes it obsolete to drive around to each insurance agency near you. Comparing Audi S5 insurance rates online reduces the need to sit down with an agent unless your situation requires the professional guidance only provided by licensed Chandler agents. Some companies do allow you to obtain prices from the web but buy from a local insurance agent.
When quoting car insurance, remember that having more price comparisons will increase your chances of finding a lower rate. Some companies don’t provide Chandler S5 insurance quotes online, so it’s important to compare quotes from them as well.
The companies shown below offer quotes in Chandler, AZ. To find cheap auto insurance in Chandler, we suggest you compare several of them to get the best price comparison.
Why you need car insurance
Despite the high insurance cost for a Audi S5 in Chandler, insurance serves a purpose in several ways.
- Most states have compulsory liability insurance requirements which means state laws require specific minimum amounts of liability coverage if you want to drive 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.
- If your vehicle has a lienholder, almost every bank will have a requirement that you have insurance to ensure they get paid if you total the vehicle. If you let the policy lapse, the bank will be required to insure your Audi at a much higher rate and force you to reimburse them for the expensive policy.
- Insurance protects both your assets and your Audi S5. It will also pay for medical bills that are the result of an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you are sued as the result of an accident. If mother nature or an accident damages your car, your car insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance more than offset the price you pay, especially if you ever need it. According to a 2015 survey, the average American driver overpays more than $830 a year so you should quote and compare rates at every policy renewal to be sure current rates are still competitive.
Data for Audi S5 insurance
The coverage table displayed next covers a range of insurance premium costs for Audi S5 models. Understanding more about how rate quotes are formulated can help customers make decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $278 | $678 | $288 | $18 | $86 | $1,348 | $112 |
| S5 4.2 Quattro 2-Dr Coupe | $278 | $678 | $288 | $18 | $86 | $1,348 | $112 |
| S5 3.0 Quattro 2-Dr Convertible | $278 | $608 | $288 | $18 | $86 | $1,278 | $107 |
| S5 4.2 Quattro 2-Dr Coupe | $278 | $748 | $288 | $18 | $86 | $1,418 | $118 |
| S5 4.2 Quattro 2-Dr Coupe | $278 | $748 | $288 | $18 | $86 | $1,418 | $118 |
| S5 3.0 Quattro 2-Dr Convertible | $304 | $678 | $288 | $18 | $86 | $1,374 | $115 |
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Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Estimates do not factor in your specific Chandler location which can lower or raise coverage prices significantly.
Gender differences in car insurance premiums
The illustration below compares Audi S5 auto insurance costs for male and female drivers. Data assumes no driving violations, no at-fault accidents, comp and collision included, $100 deductibles, drivers are not married, and no additional discounts are factored in.
Full coverage versus liability-only
The example below visualizes the comparison of Audi S5 premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Arizona. Data assumes no violations or accidents, $1,000 deductibles, marital status is single, and no discounts are applied.
When to drop comprehensive and collision coverage
There is no clear-cut formula for dropping full coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let’s say your Audi S5 claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after the deductible is paid. If you are paying over $700 a year to have full coverage, then you may want to consider only buying liability coverage.
There are some circumstances where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Cut your auto insurance rates with discounts
Some insurers do not advertise every available discount in a way that’s easy to find, so the following list contains both well-publicized and also the lesser-known credits available to you.
- Low Mileage Discounts – Driving less could be rewarded with substantially lower rates.
- Anti-theft System – Cars equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10% off your Chandler auto insurance quote.
- Resident Student – Children who are attending college and don’t have a car could get you a discount.
- Senior Discount – Drivers that qualify as senior citizens can get a discount up to 10%.
- Active Military Service – Being on active deployment in the military can result in better auto insurance rates.
- One Accident Forgiven – Not a discount per se, but companies like Liberty Mutual, Allstate and State Farm may permit one accident without getting socked with a rate hike with the catch being you have to be claim-free prior to the accident.
- Club Memberships – Affiliation with specific professional or occupational memberships or organizations is a good way to get lower rates on auto insurance.
- Telematics Data Discounts – People who choose to allow data collection to scrutinize their driving habits by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates if their driving habits are good.
Please keep in mind that most discounts do not apply to the overall cost of the policy. Some only apply to individual premiums such as collision or personal injury protection. If you do the math and it seems like you can get free auto insurance, it doesn’t quite work that way.
The illustration below illustrates the comparison of Audi S5 yearly insurance costs with and without discounts applied to the policy rates. The price estimates are based on a male driver, no claims or driving violations, Arizona state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, marriage, multi-policy, and homeowner discounts applied.
Companies and some of the premium reductions they offer are included below.
- State Farm policyholders can earn discounts including Drive Safe & Save, good driver, Steer Clear safe driver discount, anti-theft, and accident-free.
- Progressive includes discounts for continuous coverage, online signing, multi-vehicle, good student, and homeowner.
- Progressive offers discounts including continuous coverage, multi-policy, homeowner, multi-vehicle, and online signing.
- MetLife has discounts for defensive driver, good student, accident-free, good driver, and multi-policy.
- Farm Bureau may offer discounts for multi-vehicle, youthful driver, good student, safe driver, driver training, and 55 and retired.
- GEICO discounts include daytime running lights, federal employee, anti-lock brakes, good student, multi-policy, driver training, and five-year accident-free.
- SAFECO may have discounts that include homeowner, drive less, bundle discounts, teen safe driver, and anti-lock brakes.
Before you buy a policy, ask every company what discounts are available to you. All car insurance discounts may not be available in Chandler. To locate companies that offer multiple discounts in Chandler, follow this link.
Local neighborhood agents and car insurance
A lot of people would rather buy from a local agent and that is a personal choice. One of the benefits of comparing car insurance online is you can get cheaper rates and still have an agent to talk to. And buying from local insurance agencies is especially important in Chandler.
To help locate an agent, after submitting this simple form, the quote information is transmitted to local insurance agents in Chandler who will give you quotes for your coverage. There is no need to even leave your home since price quotes are sent to you directly. You can get cheaper car insurance rates without a big time investment. In the event you want to compare rates from a specific company, you would need to search and find their rate quote page and fill out their quote form.
Finding a good company requires more thought than just the premium amount. Some important questions to ask are:
- If your car is totaled, how to they determine the replacement cost?
- Will high miles depreciate repair valuations?
- Are they full-time agents?
- What are the financial ratings for the companies they represent?
- Are they involved in claim handling?
- What is the agency’s Better Business Bureau rating?
If you receive positive feedback to these questions as well as low cost Audi S5 insurance quotes, you may have just found a company that can insure your vehicles.
More effort can pay off
Affordable Audi S5 insurance in Chandler is available from both online companies and from local insurance agents, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who do not offer price quotes online and many times these smaller providers only sell through independent agencies.
When shopping online for auto insurance, never sacrifice coverage to reduce premiums. Too many times, an accident victim reduced physical damage coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your strategy should be to purchase a proper amount of coverage at the best cost, but don’t skip important coverages to save money.
Additional information can be read below:
- Auto Insurance Basics (Insurance Information Institute)
- What Car Insurance is Cheapest for a 20 Year Old Male in Chandler? (FAQ)
- How Much are Chandler Car Insurance Quotes for Inexperienced Drivers? (FAQ)
- How Much are Chandler Car Insurance Rates for Drivers with Bad Credit? (FAQ)
- How Much is Car Insurance for Welfare Recipients in Chandler? (FAQ)
- Teen Driver Licensing Information (iihs.org)
- Rental Reimbursement Coverage (Allstate)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)