Audi S5 Insurance Rates in El Paso

Do you want a faster way to compare low-cost Audi S5 insurance in El Paso? If you are a novice to online car insurance shopping, by this point your are probably bewildered thanks to the incredible selection of companies all claiming to save you money.

Unbelievable but true, a large majority of drivers have remained with the same car insurance company for more than four years, and nearly half have never taken the time to shop around. El Paso drivers could pocket about 70% a year by just shopping around, but they just assume it takes a lot of time to shop around.

If you already have coverage, you will definitely be able to cut your premiums using the ideas presented in this article. The intent of this article is to teach you how to get online quotes and how you can save the most money. Although Texas vehicle owners do need to understand the methods companies use to charge you for coverage because rates are impacted by many factors.

Auto insurance providers offering affordable rate quotes in Texas

The companies shown below offer price comparisons in Texas. If several companies are displayed, it’s highly recommended you compare several of them to get a more complete price comparison.

Data for Audi S5 insurance

The data table displayed next highlights detailed analysis of insurance policy prices for Audi S5 models. Understanding more about how rates are determined can be of help when making smart choices when buying a car insurance policy.

Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Information does not factor in specific location information which can revise premiums substantially.

Raise deductibles and save

When comparing insurance rates, the most common question is the level to set your comp and collision deductibles. The premium rates below may aid in understanding the rate difference when you buy lower versus higher deductibles. The first price estimate table uses a $250 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rates do not factor in your specific El Paso location which can decrease or increase coverage rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs roughly $42 more each month or $504 a year than buying the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to have at least 18 months between claim filings, you would more than likely save some money going with the higher deductible.

Driving violations and accidents

The example below demonstrates how speeding tickets and at-fault fender-benders can impact Audi S5 auto insurance rates for different categories of driver ages. The prices are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.

Do you need full coverage?

The example below shows the difference between Audi S5 insurance costs when comparing full coverage to state minimum liability only. The costs are based on no claims or driving violations, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

When to drop comprehensive and collision

There is no exact rule that is best for determining when to drop physical damage coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Audi S5 settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $4,000 after paying your policy deductible. If you are currently paying more than $400 annually for physical damage coverage, then you might want to consider buying only liability coverage.

There are some scenarios where only buying liability is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Affordable Audi S5 insurance rates in El Paso

Insurance is not an enjoyable expense, but discounts can save money and there are some available that you may not even know about. Certain discounts will be triggered automatically when you quote, but a few need to be asked about before you get the savings.

• Savings for New Vehicles – Buying a new car instead of a used S5 can get you a discount because new model year vehicles are generally safer.
• Early Signing – A few companies offer discounts for switching policies early. The savings is around 10%.
• Multiple Policy Discount – If you can combine your auto and home policy and insure them with the same company you could get a discount of approximately 10% to 15%.
• No Accidents – Insureds who avoid accidents and claims get the best insurance rates in comparison to policyholders that have many claims.
• Accident Forgiveness – This one isn’t a discount, but companies like GEICO, State Farm, and Progressive allow you one accident without the usual rate increase with the catch being you have to be claim-free prior to the accident.
• Paper-free Discount – A few larger online companies will give a small break get El Paso car insurance online.
• Membership in Organizations – Belonging to specific professional or occupational memberships or organizations could earn you a nice discount when shopping for insurance.

A little disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. Some only apply to specific coverage prices like liability and collision coverage. Just because it seems like all those discounts means the company will pay you, it just doesn’t work that way.

The information below illustrates the comparison of Audi S5 yearly insurance costs with and without discounts applied to the policy rates. The premiums assume a male driver, a clean driving record, no claims, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, marriage, safe-driver, and multi-policy discounts applied.

Popular insurance companies and a summarized list of policyholder discounts can be found below.

• GEICO policyholders can earn discounts including anti-lock brakes, membership and employees, seat belt use, anti-theft, good student, and five-year accident-free.
• Auto-Owners Insurance offers discounts including paperless, paid in full, teen driver, student away at school, and mature driver.
• American Family discounts include good driver, early bird, accident-free, good student, multi-vehicle, air bags, and mySafetyValet.
• Esurance has savings for good student, paid-in-full, claim free, good driver, Switch & Save, DriveSense, and anti-theft.
• Progressive has discounts for continuous coverage, homeowner, multi-policy, good student, online quote discount, and multi-vehicle.
• State Farm offers premium reductions for defensive driving training, student away at school, safe vehicle, Drive Safe & Save, Steer Clear safe driver discount, passive restraint, and accident-free.
• AAA may have discounts that include multi-policy, pay-in-full, good student, education and occupation, and anti-theft.

When getting a coverage quote, ask each insurance company how you can save money. Discounts may not be offered in El Paso.

How You Can Control Audi S5 Insurance Prices

A large part of saving on insurance is knowing a few of the rating criteria that go into determining your premiums. If you have some idea of what determines base rates, this enables informed choices that could result in lower rates.

The itemized list below are most of the major factors used by companies to determine your rate level.

• More traffic means higher claims – Residing in small towns and rural areas has definite advantages when shopping for auto insurance. Less people translates into fewer accident claims in addition to fewer liability claims. People in densely populated areas have to deal with more road rage incidents and longer commute times. The longer drive time means higher likelihood of an accident.
• Single drivers take more risk – Your spouse may cut your premiums on your insurance bill. It demonstrates that you tend to be more stable financially it has been statistically shown that drivers who are married are more cautious.
• Too many insurance claims drive up prices – If you are a frequent claim filer, don’t be surprised to see higher premiums or even policy non-renewal. Auto insurance companies in Texas give lower rates to policyholders who file claims infrequently. Auto insurance is intended for the large, substantial claims.

• Men tend to take more risk – Over the last 50 years, statistics have shown that women are safer drivers than men. That doesn’t necessarily mean that males are worse at driving than females. Both genders tend to get into fender benders in similar percentages, but the men have costlier accidents. Men also get more serious tickets such as reckless driving. Teenage male drivers cause the most accidents and thus pay the highest rates.

  The example below illustrates the comparison of Audi S5 insurance prices for male and female drivers. The prices are based on no accidents, no driving violations, comprehensive and collision coverage, $250 deductibles, drivers are single, and no discounts are applied to the premium.

• Do you know you’re credit history? – An insured’s credit history factor in determining your rates. People that have high credit ratings tend to file fewer claims as compared to drivers with lower credit scores. Therefore, if your credit rating can use some improvement, you could save money insuring your Audi S5 by taking the time to improve your credit score.
• The more you drive the more you pay – The higher the miles on your Audi in a year the more you’ll pay to insure your vehicle. A lot of companies apply a rate based upon how the vehicle is primarily used. Cars that are left in the garage cost less to insure than cars that get driven a lot. It’s always a good idea to double check that your policy shows the correct driver usage. Having an incorrect usage rating on your S5 can cost quite a bit.

• Loss probability for an Audi S5 – Companies use statistical claims data to calculate a rate that will offset any claims. Models that the statistics show to have a trend towards higher claim severity or frequency will be charged more to insure. The table below shows the insurance loss data for Audi S5 vehicles.

  For each insurance policy coverage type, the loss probability for all vehicles averaged together is represented as 100. Percentage values below 100 suggest losses that are better than average, while numbers above 100 point to more frequent losses or a tendency for claims to be larger.

  
  

  Audi S5 Insurance Loss Statistics

  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
  Statistics from IIHS.org for 2013-2015 Model Years

Local El Paso insurance agents

Some consumers just want to sit down with an agent and that is just fine! The biggest benefit of comparing rates online is you can get cheaper prices and still have an agent to talk to. Buying from and supporting small agencies is important particularly in El Paso.

Upon completion of this form (opens in new window), your insurance data is transmitted to local insurance agents that can provide free El Paso car insurance quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to contact an agency because quoted prices will be sent to you. You can find better rates AND an agent nearby. If you need to get a rate quote for a specific company, you would need to go to their quote page and give them your coverage information.

If you want a local El Paso insurance agent, there are a couple of types of insurance agents and how they function. Insurance agents in El Paso are categorized either independent or exclusive depending on the company they work for.

Independent Insurance Agents

Agents of this type are not employed by any specific company and that gives them the ability to insure through many companies and help determine which has the cheapest rates. If you want to switch companies, they simply move your policy to a different company which is easy for the insured.

When shopping rates, it’s a good idea to get some free quotes from multiple independent agents so that you can do a thorough price comparison. Most also have access to smaller mutual companies that may provide cheaper insurance rates.

Featured below is a small list of independent insurance agents in El Paso that may be able to give you price quote information.

• Flor and Associates Insurance Agency
  1005 E Yandell Dr – El Paso, TX 79902 – (915) 996-9799 – View Map
• RedRock Insurance Agency
  1029 N Zaragoza Rd A – El Paso, TX 79907 – (915) 858-1400 – View Map
• Colonial Insurance Agency
  7636 Gateway Blvd E – El Paso, TX 79915 – (915) 592-0999 – View Map

View more agents

Exclusive Agents

Agents in the exclusive channel can usually just insure with one company and some examples include American Family, State Farm, and Allstate. They generally cannot provide rate quotes from other companies so you might not find the best rates. Exclusive agents are usually quite knowledgeable on sales techniques which helps overcome the inability to quote other rates. A lot of people use the same exclusive agent mostly because of loyalty to the company rather than low price.

Shown below is a list of exclusive agents in El Paso that can give you comparison quotes.

• Jacobo Akle – State Farm Insurance Agent
  6065 Montana Ave STE C1 – El Paso, TX 79925 – (915) 775-2553 – View Map
• Eric Fierro – State Farm Insurance Agent
  2200 N Yarbrough Dr c – El Paso, TX 79925 – (915) 595-3622 – View Map
• Manny M Casillas – State Farm Insurance Agent
  1212 N Yarbrough Dr #105 – El Paso, TX 79925 – (915) 591-2288 – View Map

View more agents

Deciding on an insurance agency requires more thought than just a cheap price quote. Before buying a policy in El Paso, get answers to these questions.

• Will they make sure you get an adequate claim settlement?
• Which companies can they place coverage with?
• How much will you save each year by using a higher deductible?
• Do they get extra compensation for selling add-on coverages?
• Do you qualify for any additional discounts?
• Will your rates increase after a single accident?
• Does the company have a solid financial rating?

More quotes mean more auto insurance savings

In this article, we covered some good ideas how you can lower your Audi S5 insurance prices in El Paso. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding low cost El Paso car insurance quotes. You may even be surprised to find that the lowest priced auto insurance comes from some of the smallest insurance companies.

As you go through the steps to switch your coverage, it’s a bad idea to buy less coverage just to save a little money. There have been many cases where an accident victim reduced full coverage only to find out they didn’t purchase enough coverage. Your goal should be to find the BEST coverage for the lowest cost while not skimping on critical coverages.

Affordable Audi S5 insurance in El Paso is possible on the web and from local insurance agents, and you should compare rates from both to have the best selection. There are still a few companies who may not have the ability to get quotes online and these small, regional companies sell through local independent agencies.

How to find lower priced Audi S5 insurance in El Paso

If you want to save money, the best way to get discount auto insurance rates in El Paso is to start comparing prices yearly from different companies who provide car insurance in Texas.

• First, read and learn about auto insurance and the changes you can make to prevent expensive coverage. Many factors that increase rates like traffic citations and bad credit can be rectified by paying attention to minor details.
• Second, quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO or Allstate, while independent agencies can provide rate quotes from multiple insurance companies.
• Third, compare the new quotes to your existing rates and see if you can save money. If you can save some money and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Fourth, provide notification to your current agent or company of your intention to cancel your current auto insurance policy. Submit a down payment along with a completed application to your new agent or company. When you receive it, place your new certificate of insurance above your visor, in the console, or in the glove compartment.

The most important part of this process is to use the same coverage limits and deductibles on every quote request and and to compare as many different companies as possible. Doing this helps ensure the most accurate price comparison and a complete price analysis.

Additional detailed information can be read by following these links:

• Child Safety FAQ (iihs.org)
• Vehicle Insurance in the U.S. (Wikipedia)
• Automakers compete to add autobraking (Insurance Institute for Highway Safety)
• Parking Tips to Reduce Door Dings (State Farm)
• Avoiding Deer Collisions (Insurance Information Institute)