Save on 2020 Audi RS 5 Insurance Cost in 2024

Nobody rejoices having to buy car insurance, especially when they are aware that the prices are way too high. Online insurance companies like GEICO and Progressive continually bombard you with ads and it can be hard to not get sucked in by the cute commercials and take the time to shop coverage around.

It is always a good idea to do rate comparisons once or twice a year due to the fact that insurance prices change quite often. Even if you think you had the best rates for RS 5 coverage two years ago other companies may now be cheaper. Block out anything you think you know about car insurance because you’re going to get a crash course in the only way to reduce your cost while increasing coverage.

If you are insured now or are just looking to switch companies, you will benefit by learning to cut your premiums and possibly find even better coverage. Finding affordable coverage is quite easy. Vehicle owners just need to learn the most efficient way to get comparison rates online.

How to compare car insurance quotes

There are a variety of methods to shop for car insurance, but some are less time-consuming than others. You could spend the better part of a day talking to insurance companies in your area, or you can stay home and use the internet to accomplish the same thing much quicker.

Many companies belong to a marketplace that allows shoppers to enter their policy data once, and at least one company then gives them pricing based on that information. This prevents consumers from doing form submissions for each company.

To find out how much you can save on car insurance enter your zip code here.

The one disadvantage to using this type of form is you cannot specify the providers to receive prices from. So if you want to select specific insurance companies to compare, we put together a list of car insurance companies in your area. Click to enter zip code for insurance companies.

It’s up to you which method you use, but make darn sure you compare the same deductibles and coverage limits for every company. If you enter mixed coverages you will not be able to decipher which rate is best.

Cheaper insurance rates with discounts

Some insurers don’t always advertise all available discounts very well, so we took the time to find some of the more common and also the more inconspicuous ways to save on insurance. If you aren’t receiving every discount possible, you are just wasting money.

• Buy New and Save – Insuring a new car can save you some money because new model year vehicles keep occupants safer.
• Discount for Life Insurance – Not all insurance carriers offer life insurance, but some may give you a break if you buy a life insurance policy as well.
• Multiple Policy Discount – If you have multiple policies with one company you will save at least 10% off all policies.
• Full Payment Discount – By making one initial payment rather than paying in monthly installments you can actually save on your bill.
• Federal Employees – Employees or retirees of the government could cut as much as 10% off for RS 5 coverage with a few insurance companies.
• Discounts for Multiple Vehicles – Buying a policy with all your vehicles on a single policy can get a discount for every vehicle.
• ABS Braking Discount – Anti-lock brake equipped vehicles can avoid accidents so companies give up to a 10% discount.
• Waiver for an Accident – This one isn’t a discount, but a few companies such as Allstate, Progressive, and GEICO will allow you to have one accident before hitting you with a surcharge if you have no claims for a particular time prior to the accident.
• Membership in Organizations – Being in a qualifying organization is a simple method to lower premiums on insurance.
• Paper-free Discount – Many larger companies will discount your bill up to fifty bucks for signing up on the web.

Drivers should understand that most of the big mark downs will not be given to the entire cost. The majority will only reduce individual premiums such as comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, you won’t be that lucky.

Companies that may have many of the previously listed discounts are:

• Farmers Insurance
• State Farm
• Liberty Mutual
• MetLife
• Progressive

When quoting, ask every prospective company which discounts they offer. Discounts may not apply to policyholders in every state. To view insurance companies that offer the discounts shown above, enter your zip code here.

Tailor your car insurance coverage to you

When buying the right insurance coverage, there isn’t really a one size fits all plan. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions might point out whether or not you will benefit from professional help.

• Do I need more liability coverage?
• How high should my medical payments coverage be?
• Am I covered when pulling a rental trailer?
• What is the difference between comprehensive and collision coverage?
• Can I make deliveries for my home business?
• Is my teenager covered with friends in the car?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, fill out your zip code. It’s fast, doesn’t cost anything and can provide invaluable advice.

Five things that impact your insurance rates

An important part of buying insurance is that you know some of the elements that help determine the level of your policy premiums. When you understand what impacts premium levels, this empowers consumers to make smart changes that could result in lower insurance prices. Many different elements are part of the calculation when pricing auto insurance. Most are fairly basic like your driving record, but other criteria are more transparent such as whether you are married or how financially stable you are.

Shown below are a few of the “ingredients” used by your company to calculate your rate level.

• Save miles driven and save money – The higher the miles on your Audi each year the more you’ll pay to insure your vehicle. Many insurance companies rate vehicles based on their usage. Cars and trucks that sit idle most of the time can be on a lower rate level than cars that get driven a lot. Improper usage on your RS 5 may be costing you. Ask your agent if your policy is rated on the correct usage, because it can save money.
• Protect yourself with liability protection – The liability section of your policy is the coverage that protects you if ever you are determined to be liable for causing damage or personal injury in an accident. It will provide legal defense which can be incredibly expensive. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
• Advanced alarms and GPS tracking – Selecting a car model with anti-theft technology or alarm system can get you a discount on your insurance. Systems that thwart theives like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop car theft.
• Big cities have higher premiums – Having an address in smaller towns and rural areas of the country has definite advantages when buying insurance. Urban drivers regularly have much more traffic and longer commutes to work. Fewer drivers and short commutes translates into fewer accident claims and lower theft and vandalism rates.
• Safety ratings are a factor – Cars with high safety ratings tend to have better insurance rates. Vehicles engineered for safety have better occupant injury protection and lower rates of occupant injuries means less claims paid and cheaper rates on your policy. If your Audi RS 5 scored better than four stars on Safercar.gov you may be receiving a better rate.

Auto insurance 101

Having a good grasp of your auto insurance policy can help you determine the best coverages and proper limits and deductibles. Auto insurance terms can be ambiguous and coverage can change by endorsement. Listed below are typical coverages offered by auto insurance companies.

Collision protection

Collision coverage covers damage to your RS 5 caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like sideswiping another vehicle, hitting a parking meter and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.

Comprehensive insurance

This pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like rock chips in glass, hitting a bird and damage from getting keyed. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as chiropractic care, pain medications, nursing services and dental work. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability car insurance

Liability coverage will cover damage that occurs to other’s property or people by causing an accident. It protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as legal defense fees, repair costs for stationary objects, medical services and court costs. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Normally the UM/UIM limits are set the same as your liability limits.

You can do this!

Throughout this article, we presented a lot of information how to shop for 2020 Audi RS 5 insurance online. The key concept to understand is the more rate comparisons you have, the better your comparison will be. You may even find the biggest savings come from an unexpected company. Smaller companies often have lower premium rates on specific markets than their larger competitors like State Farm and Allstate.

When searching for cheap insurance coverage quotes, it’s a bad idea to buy less coverage just to save a little money. Too many times, consumers will sacrifice collision coverage only to discover later they didn’t have enough coverage. The ultimate goal is to find the BEST coverage at the lowest possible cost, but do not sacrifice coverage to save money.