How to Compare Durham Audi S5 Insurance

Insurance for Audi S5The preferred way to get low-cost Audi S5 insurance is to compare prices regularly from companies that insure vehicles in Durham. You can shop around by following these steps.

One tip to remember is that you’ll want to compare the same coverage limits and deductibles on each price quote and and to get prices from as many auto insurance providers as possible. This enables a fair rate comparison and a complete price analysis.

Amazingly, nearly 70% of customers have bought auto insurance from the same company for at least four years, and approximately 40% of consumers have never taken the time to shop around. With the average premium in North Carolina being $980, drivers could save about $90 every year, but most undervalue how much they could save if they replace their high priced policy.

Buying the cheapest car insurance in Durham can be easy if you know a few tricks. If you have car insurance now, you will surely be able to reduce premiums using the techniques covered below. Nevertheless, North Carolina drivers do need to understand how companies compete online.

The majority of larger companies such as Progressive, Allstate and GEICO provide prices for coverage directly from their websites. Getting online quotes for Audi S5 insurance in Durham is fairly simple as you simply enter your coverage preferences into the form. Once entered, their rating system orders your driving and credit reports and quotes a price. This helps simplify price comparisons, and it’s absolutely necessary to perform this step if you want to find the most affordable insurance rates.

If you want to compare rates using this form now, compare rates now from the companies shown below. If you currently have coverage, we recommend you replicate the limits and deductibles exactly as they are listed on your policy. Doing this guarantees you will get rate quotes for similar insurance coverage.

The companies shown below provide price comparisons in Durham, NC. To get cheap car insurance in North Carolina, we suggest you visit several of them in order to find the most affordable rates.

Cheaper Durham insurance quotes with discounts

Some insurers don’t always list all possible discounts very well, so the below list has some of the best known and the more hidden credits that may apply to you.Cheaper insurance with discounts

A quick disclaimer, most discount credits are not given to your bottom line cost. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because you may think adding up those discounts means a free policy, it’s just not the way it works.

The example below illustrates the comparison of Audi S5 car insurance costs with and without discounts applied to the premium. The premiums are based on a male driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, multi-car, marriage, safe-driver, and homeowner discounts applied.

A list of insurance companies and a partial list of their discounts are detailed below.

Check with every prospective company which discounts you qualify for. A few discounts may not apply to policies in every state. To see a list of companies who offer insurance discounts in North Carolina, click here to view.

Premium rates and analysis

The rate information below outlines estimates of insurance coverage prices for Audi S5 models. Learning more about how premiums are established can assist in making smart choices when comparing insurance quotes.

Audi S5 Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $230 $544 $262 $16 $78 $1,130 $94
S5 4.2 Quattro 2-Dr Coupe $230 $544 $262 $16 $78 $1,130 $94
S5 3.0 Quattro 2-Dr Convertible $230 $488 $262 $16 $78 $1,074 $90
S5 4.2 Quattro 2-Dr Coupe $230 $600 $262 $16 $78 $1,186 $99
S5 4.2 Quattro 2-Dr Coupe $230 $600 $262 $16 $78 $1,186 $99
S5 3.0 Quattro 2-Dr Convertible $250 $544 $262 $16 $78 $1,150 $96
Get Your Own Custom Quote Go

Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Premium amounts do not factor in your specific Durham location which can impact coverage rates considerably.

The illustration below shows how choosing a deductible and can raise or lower Audi S5 insurance rates for each different age category. The data is based on a married male driver, full coverage, and no policy discounts are applied.

Impact of careless driving on Durham auto insurance rates

The example below demonstrates how citations and accidents can increase Audi S5 insurance costs for different age groups of insureds. The premium estimates are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.

Full coverage rates compared to liability-only

The information below shows the comparison of Audi S5 insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in North Carolina. Data assumes a clean driving record, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are factored in.

Should you pay for full coverage?

There is no definitive guideline of when to phase out full coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.

For example, let’s pretend your Audi S5 claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying your policy deductible. If it’s costing you more than $400 a year for full coverage, then it could be time to drop full coverage.

There are some situations where dropping physical damage coverage is not a good idea. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.

Local Durham insurance agencies and insurance

Many drivers prefer to visit with an insurance agent and that can be a smart move A nice benefit of getting free rate quotes online is that you can find cheaper premium rates but also keep your business local.

Insurance agents in DurhamBy using this simple form, your information gets sent to participating agents in Durham who will return price quotes for your business. You won’t need to search for any insurance agencies since price quotes are sent to you instantly. You can most likely find cheaper rates and a licensed agent to talk to. If you have a need to compare rates for a specific company, feel free to jump over to their website and give them your coverage information.

Finding the right insurer requires you to look at more than just the quoted price. These questions are important to ask:

Two types of Durham auto insurance agents

If you are searching for an insurance agent, there are two types of insurance agents that you can choose from. Durham agents may be either exclusive or independent.

Exclusive Agencies

Agents of this type have only one company to place business with and some examples include AAA, State Farm, Farmers Insurance, and Allstate. These agents are not able to give you multiple price quotes so it’s a take it or leave it situation. Exclusive insurance agents are usually quite knowledgeable on sales techniques which helps them compete with independent agents.

The following is a short list of exclusive agencies in Durham that are able to give rate quotes.

1107 W Main St #201Durham, NC 27701(919) 598-7900View Map

3702 Hillsborough Rd #2bDurham, NC 27705(919) 383-3887View Map

121 Sherron Rd #106Durham, NC 27703(919) 596-2700View Map

View more agents

Independent Agencies or Brokers

Independent agents are not employed by one company so they can insure your vehicles through lots of different companies and help determine which has the cheapest rates. If your agent finds better pricing, they can switch companies in-house and that require little work on your part.

When comparing rate quotes, you will want to get some free quotes from a few independent agents so that you can do a thorough price comparison.

Below is a short list of independent insurance agencies in Durham willing to provide price quote information.

1320 Hill StDurham, NC 27707(919) 403-3611View Map

200 Meredith Dr Suite 104Durham, NC 27713(919) 313-6411View Map

2530 Meridian Pkwy #300Durham, NC 27713(919) 322-3640View Map

View more agents

Upon receiving good feedback to all your questions and an affordable coverage quote, chances are good that you have found an auto insurance agent that will properly service your insurance policy.

Learn How to Buy Auto Insurance Cheaper

Many factors are part of the calculation when premium rates are determined. Some factors are common sense such as traffic violations, but others are less apparent such as your marital status or your financial responsibility. When buying auto insurance it’s important to understand some of the elements that come into play when calculating your policy premiums. If you know what positively or negatively impacts your premiums, this enables informed choices that may result in much lower annual insurance costs.

Three reasons to not skimp on car insurance

Despite the high cost, car insurance is most likely required but also gives you several important benefits.

First, almost all states have minimum liability requirements which means the state requires a specific level of liability coverage in order to get the vehicle licensed. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a lien on your S5, more than likely the lender will force you to carry insurance to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Audi at a more expensive rate and make you pay for it.

Third, car insurance preserves your Audi and your assets. It will also pay for medical bills for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also covers legal expenses if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of carrying adequate insurance definitely exceed the cost, especially for larger claims. Unknowingly, the average driver is overpaying more than $869 every year so compare rate quotes each time the policy renews to ensure rates are competitive.

Compare but don’t skimp

We just covered a lot of ways to shop for Audi S5 insurance online. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding low cost Durham auto insurance quotes. Consumers could even find that the lowest priced car insurance comes from the smaller companies. Some small companies may often insure only within specific states and give better rates than their larger competitors like State Farm or Progressive.

When trying to cut insurance costs, don’t be tempted to skimp on critical coverages to save a buck or two. There are too many instances where someone sacrificed collision coverage and discovered at claim time that it was a big mistake. The aim is to buy enough coverage at the lowest possible cost, but do not skimp to save money.

Additional detailed information can be read at these sites: