Save Money on Audi S5 Insurance in Long Beach

Insurance quote for Audi S5 in Long BeachThe best way to find lower priced Audi S5 insurance is to annually compare prices from companies that sell auto insurance in Long Beach.

  1. Try to understand what is in your policy and the steps you can take to lower rates. Many things that are responsible for high rates like traffic tickets, fender benders, and a lousy credit rating can be amended by being financially responsible and driving safely. This article gives more details to help prevent high rates and find additional discounts you may qualify for.
  2. Request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like GEICO and Allstate, while independent agents can provide prices for many different companies.
  3. Compare the price quotes to the price on your current policy to see if switching to a new carrier will save money. If you can save money and switch companies, make sure coverage does not lapse between policies.
  4. Provide written notification to your current company of your decision to cancel the current policy. Submit a down payment along with a completed application to the new insurer. When you receive it, safely store the proof of insurance paperwork somewhere easily accessible.

The key aspect of shopping around is to compare the same amount of coverage on every price quote and to quote with as many carriers as you can. Doing this enables a fair rate comparison and a better comparison of the market.

We don’t have to tell you that insurance companies want to keep you from comparing rates. Consumers who shop around for cheaper price quotes are very likely to switch to a new company because there is a significant possibility of finding a lower-priced company. Remarkably, a study showed that drivers who compared rates once a year saved approximately $3,400 over four years as compared to drivers who never shopped around.

If saving the most money on car insurance in Long Beach is why you’re here, then having a grasp of the best way to compare insurance premiums can make the process more efficient.

This article’s intent is to familiarize you with the best methods to compare rates and some money-saving tips. If you’re already insured, you will definitely be able to get lower rates using the ideas covered in this article. You just have to use the most time-saving way to shop for car insurance using one simple form.

Audi S5 insurance rate analysis

The table displayed below highlights detailed analysis of insurance prices for Audi S5 models. Having a good grasp of how rates are formulated can assist in making informed purchases.

Audi S5 Insurance Rates in Long Beach, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $516 $1352 $534 $32 $160 $2,594 $216
S5 4.2 Quattro 2-Dr Coupe $516 $1352 $534 $32 $160 $2,594 $216
S5 3.0 Quattro 2-Dr Convertible $516 $1212 $534 $32 $160 $2,454 $205
S5 4.2 Quattro 2-Dr Coupe $516 $1494 $534 $32 $160 $2,736 $228
S5 4.2 Quattro 2-Dr Coupe $516 $1494 $534 $32 $160 $2,736 $228
S5 3.0 Quattro 2-Dr Convertible $564 $1352 $534 $32 $160 $2,642 $220
Get Your Own Custom Quote Go

Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Price information does not factor in specific Long Beach garaging location which can lower or raise rates substantially.

Policy deductibles

A question often asked by Long Beach drivers is how high should the physical damage deductibles be. The figures shown below sum up the rate difference when you select higher and lower deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $1,000 deductible.

Audi S5 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $528 $1176 $442 $26 $132 $2,329 $194
S5 4.2 Quattro 2-Dr Coupe $528 $1176 $442 $26 $132 $2,329 $194
S5 3.0 Quattro 2-Dr Convertible $528 $1054 $442 $26 $132 $2,207 $184
S5 4.2 Quattro 2-Dr Coupe $528 $1298 $442 $26 $132 $2,451 $204
S5 4.2 Quattro 2-Dr Coupe $528 $1298 $442 $26 $132 $2,451 $204
S5 3.0 Quattro 2-Dr Convertible $576 $1176 $442 $26 $132 $2,377 $198
Get Your Own Custom Quote Go

Audi S5 insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $292 $620 $442 $26 $132 $1,512 $126
S5 4.2 Quattro 2-Dr Coupe $292 $620 $442 $26 $132 $1,512 $126
S5 3.0 Quattro 2-Dr Convertible $292 $556 $442 $26 $132 $1,448 $121
S5 4.2 Quattro 2-Dr Coupe $292 $684 $442 $26 $132 $1,576 $131
S5 4.2 Quattro 2-Dr Coupe $292 $684 $442 $26 $132 $1,576 $131
S5 3.0 Quattro 2-Dr Convertible $320 $620 $442 $26 $132 $1,540 $128
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate quotes do not factor in zip code location which can revise coverage rates noticeably.

Based on the figures above, using a $100 deductible will cost you about $69 more each month or $828 every year than requesting the higher $1,000 deductible. Because you would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 13 months between claim filings, you would save money if you elect the higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $100 deductibles: $196
Average monthly premium for $1,000 deductibles (subtract): – $127
Monthly savings from raising deductible: $69
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $69
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One important issue to know is that raising deductibles to get cheaper rates results in a higher out-of-pocket expense when you file a claim. You will want to have access to more funds in the event you have to pay more for the deductible.

Full coverage versus liability-only in Long Beach

The chart below shows the difference between Audi S5 car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in California. The costs are based on a clean driving record, no claims, $250 deductibles, single status, and no discounts are taken into consideration.

When to drop comprehensive and collision

There is no specific rule to drop physical damage coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s say your Audi S5 replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $6,000 after paying the physical damage deductible. If it’s costing you more than $600 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where dropping physical damage coverage is not advised. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Best car insurance in Long Beach

Selecting a highly-rated auto insurance company is difficult considering how many companies there are to choose from in California. The ranking data in the lists below could help you decide which car insurance companies you want to consider when comparing rate quotes.

Top 10 Long Beach Car Insurance Companies Overall

  1. USAA
  2. American Family
  3. AAA of Southern California
  4. State Farm
  5. The Hartford
  6. AAA Insurance
  7. GEICO
  8. The General
  9. Titan Insurance
  10. Progressive

Top 10 Long Beach Car Insurance Companies Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. AAA of Southern California
  5. Titan Insurance
  6. The General
  7. AAA Insurance
  8. State Farm
  9. Mercury Insurance
  10. Nationwide

Specific coverages for an Audi S5

Learning about specific coverages of insurance aids in choosing appropriate coverage at the best deductibles and correct limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are the normal coverages found on the average insurance policy.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Audi S5.

Because many people carry very low liability coverage limits (15/30/5 in California), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Collision protection

Collision insurance pays for damage to your S5 resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like colliding with another moving vehicle, sideswiping another vehicle, sustaining damage from a pot hole and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible on your S5 to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for bills for things like chiropractic care, EMT expenses and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Auto liability insurance

Liability coverage will cover damages or injuries you inflict on people or other property in an accident. It protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 15/30/5 that translate to $15,000 bodily injury coverage, $30,000 for the entire accident, and a limit of $5,000 paid for damaged property. Alternatively, you may have a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers things such as repair bills for other people’s vehicles, loss of income, attorney fees and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible. California requires minimum liability limits of 15/30/5 but you should think about purchasing better liability coverage.

The illustration below demonstrates why buying low liability limits may not be adequate coverage.

Comprehensive insurance

Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things like a tree branch falling on your vehicle, damage from flooding and theft. The most your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Smart shoppers get results

Affordable Audi S5 insurance in Long Beach can be found both online and from local agencies, and you should compare rates from both to have the best selection. Some auto insurance companies don’t offer online rate quotes and most of the time these small insurance companies only sell through local independent agents.

When buying insurance coverage, it’s very important that you do not sacrifice coverage to reduce premiums. There are a lot of situations where consumers will sacrifice uninsured motorist or liability limits only to find out that their decision to reduce coverage ended up costing them more. The aim is to find the BEST coverage for the lowest cost while still protecting your assets.

You just read many ways to find cheaper Audi S5 insurance in Long Beach. The key thing to remember is the more times you quote, the better your comparison will be. Consumers could even find that the best price on auto insurance is with some of the lesser-known companies. Regional companies often have lower rates on specific markets than the large multi-state companies such as Allstate and Progressive.

Even more information is available in the articles below: