Do you need a fast way to compare lower-priced Audi S5 insurance in Madison? Do you get frustrated by the dozens of auto insurance companies available to you? Many other drivers are too. There are so many companies available that it is a lot of work to lower your rates for Audi S5 insurance in Madison. Everyone knows that Madison is a great place to live, but having to pay for pricey auto insurance can make it hard for many residents to meet other financial obligations.
Steps to saving money on Audi S5 insurance in Madison
If saving money is your primary concern, then the best way to find the cheapest price for Audi S5 insurance is to do an annual price comparison from providers who provide car insurance in Madison. Prices can be compared by following these guidelines.
First, read about how car insurance works and the factors you can control to keep rates down. Many risk factors that are responsible for high rates such as speeding tickets, careless driving and an unfavorable credit rating can be eliminated by making lifestyle changes or driving safer.
Second, get rate quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive and State Farm, while independent agencies can quote prices from multiple sources.
Third, compare the new quotes to your current policy to see if cheaper S5 coverage is available in Madison. If you can save some money and change companies, ensure there is no coverage lapse between policies.
A crucial key to this process is to make sure you enter the same deductibles and limits on each quote request and and to get rate quotes from as many different insurance providers as possible. This helps ensure a level playing field and the most accurate and complete price analysis.
A recent survey discovered that about 70% of customers have purchased from the same company for four years or more, and practically 40% of auto insurance customers have never even shopped around for lower-cost coverage. Drivers in Madison could save an average of 30% each year, but most tend to underestimate how much they could save if they switched to a more affordable policy.
It’s a great practice to get comparison quotes yearly due to the fact that insurance prices are variable and change quite frequently. Even if you got the best quotes on Audi S5 insurance in Madison two years ago you may be paying too much now. There is a lot of bad information regarding S5 insurance on the web, but we’re going to give you a bunch of ideas how to lower your auto insurance bill.
Take policy discounts and save on Audi S5 insurance in Madison
Some providers don’t necessarily list every discount very well, so the list below gives a summary of some of the best known and also the lesser-known discounts that you can inquire about if you buy Madison auto insurance online.
- Professional Memberships – Participating in a qualifying organization is a good way to get lower rates when shopping for car insurance.
- Anti-theft System – Cars, trucks, and SUVs optioned with advanced anti-theft systems are less likely to be stolen and qualify for as much as a 10% discount.
- Renewal Discounts – Select companies give a discount for switching to them early. It could save around 10% when you buy Madison auto insurance online.
- Pay Now and Pay Less – If you can afford to pay the entire bill rather than spreading payments over time you may have a lower total premium amount.
- Seat Belt Discounts – Drivers who require all vehicle occupants to buckle their seat belts could save 15% off PIP or medical payments premium.
- Accident Forgiveness Coverage – Not a discount per se, but certain companies will allow you to have one accident without the usual rate increase as long as you don’t have any claims prior to being involved in the accident.
- Discount for Multiple Policies – If you can bundle your auto and homeowners insurance with one insurance company you could earn a discount of at least 10% off all policies.
- Paper-free Discount – Some car insurance companies will give you a small discount for completing your application over the internet.
- Active Service Discounts – Having a family member in the military may lower your premium rates slightly.
- Driver Education Discount – Have your child participate in a local driver’s education class in high school.
You can save money using discounts, but many deductions do not apply to the entire policy premium. Most only cut specific coverage prices like collision or personal injury protection. Despite the fact that it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.
The chart below illustrates the difference between Audi S5 auto insurance rates with and without discounts applied to the premium. The premiums assume a female driver, a clean driving record, no claims, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, marriage, multi-car, multi-policy, and homeowner discounts applied.
If you would like to view car insurance companies that offer the discounts shown above in Madison, click here to view.
The best way to get policy rate comparisons for Audi S5 insurance in Madison is to know car insurance companies participate in online systems to give you rate quotes. To get started, all you need to do is give them some information like the ages of drivers, how much you drive, whether your vehicle is owned or leased, and if you require a SR-22. Your rating data is instantly submitted to all major companies and you will get price comparisons almost instantly.
To compare multiple company cheaper Audi S5 insurance rates now, click here and enter your zip code.
The companies shown below offer free rate quotes in Madison, WI. If your goal is to find cheap car insurance in Madison, we suggest you click on several of them in order to get a fair rate comparison.
Analysis of coverages
The price information displayed below showcases estimates of insurance coverage prices for Audi S5 models. Having a better idea how policy premiums are figured can be useful when making decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $274 | $612 | $230 | $14 | $68 | $1,198 | $100 |
| S5 4.2 Quattro 2-Dr Coupe | $274 | $612 | $230 | $14 | $68 | $1,198 | $100 |
| S5 3.0 Quattro 2-Dr Convertible | $274 | $548 | $230 | $14 | $68 | $1,134 | $95 |
| S5 4.2 Quattro 2-Dr Coupe | $274 | $676 | $230 | $14 | $68 | $1,262 | $105 |
| S5 4.2 Quattro 2-Dr Coupe | $274 | $676 | $230 | $14 | $68 | $1,262 | $105 |
| S5 3.0 Quattro 2-Dr Convertible | $300 | $612 | $230 | $14 | $68 | $1,224 | $102 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Premium costs do not factor in specific location which can affect insurance rates significantly.
Analysis of deductible levels
One common question asked by Madison drivers is how high should the deductibles for physical damage be. The comparisons below outline the costs and benefits when you select higher and lower coverage deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $246 | $512 | $230 | $14 | $68 | $1,095 | $91 |
| S5 4.2 Quattro 2-Dr Coupe | $246 | $512 | $230 | $14 | $68 | $1,095 | $91 |
| S5 3.0 Quattro 2-Dr Convertible | $246 | $460 | $230 | $14 | $68 | $1,043 | $87 |
| S5 4.2 Quattro 2-Dr Coupe | $246 | $566 | $230 | $14 | $68 | $1,149 | $96 |
| S5 4.2 Quattro 2-Dr Coupe | $246 | $566 | $230 | $14 | $68 | $1,149 | $96 |
| S5 3.0 Quattro 2-Dr Convertible | $270 | $512 | $230 | $14 | $68 | $1,119 | $93 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $152 | $322 | $230 | $14 | $68 | $786 | $66 |
| S5 4.2 Quattro 2-Dr Coupe | $152 | $322 | $230 | $14 | $68 | $786 | $66 |
| S5 3.0 Quattro 2-Dr Convertible | $152 | $290 | $230 | $14 | $68 | $754 | $63 |
| S5 4.2 Quattro 2-Dr Coupe | $152 | $356 | $230 | $14 | $68 | $820 | $68 |
| S5 4.2 Quattro 2-Dr Coupe | $152 | $356 | $230 | $14 | $68 | $820 | $68 |
| S5 3.0 Quattro 2-Dr Convertible | $166 | $322 | $230 | $14 | $68 | $800 | $67 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Price estimates do not factor in vehicle location which can modify insurance rates greatly.
We can estimate from the data above that using a $250 deductible will cost you about $26 more each month or $312 each year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 29 months between claims, you would probably be better off if you choose a higher deductible.
Calculate savings of higher deductibles
| Average monthly premium for $250 deductibles: | $92 |
| Average monthly premium for $1,000 deductibles (subtract): | – $66 |
| Monthly savings from raising deductible: | $26 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $26 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 29 months |
One thing to be aware of is that raising deductibles to get cheaper rates means you will have to pay more when you have a claim. You need to have enough disposable income in the event you need to pay more for the deductible.
The illustration below shows how choosing a deductible and can change Audi S5 insurance costs for each different age category. The premiums assume a married male driver, full coverage, and no policy discounts are applied.
Difference between liability only and full coverage rates
The diagram below illustrates the difference between Audi S5 insurance costs when comparing full coverage to liability only. The rates are based on no claims or violations, $100 deductibles, drivers are not married, and no discounts are applied to the premium.
Guidelines for dropping full coverage
There is no definitive formula for phasing out physical damage insurance, but there is a general guideline. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy 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 totaled, you would only receive $7,000 after you pay the deductible. If you are currently paying more than $700 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.
There are some circumstances where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.
How do I know if I need professional advice?
Always remember that when buying coverage for your personal vehicles, there is no one size fits all plan. Each situation is unique.
For instance, these questions could help you determine whether you would benefit from professional advice.
- Does my Audi S5 need full coverage?
- Do I need medical payments coverage since I have good health insurance?
- Are my custom wheels covered?
- How much can I save by bundling my policies?
- What if I owe more than I can insure my car for?
- Can I pay claims out-of-pocket if I buy high deductibles?
- Can good grades get a discount?
- Is my babysitter covered when using my vehicle?
- Is my teen driver covered when they drive my company car?
- What states are considered no-fault?
If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form.
What if I want to buy from local Madison car insurance agents?
A lot of people still prefer to get professional advice from a licensed agent and that is a personal choice. A nice benefit of comparing insurance prices online is that you can obtain better rates but still work with a licensed agent.
Once you complete this quick form, your coverage information is emailed to insurance agents in Madison that can give you free Madison auto insurance quotes and help you find cheaper coverage. There is no reason to contact any insurance agencies as quotes are delivered to your email. You’ll get the best rates AND an agent nearby. If you want to quote rates from a particular provider, you can always jump over to their website to submit a rate quote request.
Selecting an company should include more criteria than just a cheap price quote. The questions below may impact your decision as well.
- What is the financial rating for the quoted company?
- Do they carry Errors and Omissions coverage?
- Will your rates increase after a single accident?
- What companies can they write with?
- Do they offer claims assistance after hours?
Best auto insurance agent in Madison
If you’re trying to find a local Madison insurance agency, it can be helpful to understand the different types of agents and how they differ in how they can insure your vehicles. Insurance agents can either be independent agents or exclusive agents.
Exclusive Insurance Agents
Agents of this type normally can only provide a single company’s rates such as AAA, Allstate, and State Farm. Exclusive agencies are unable to provide other company’s prices so they are skilled at selling on more than just price. Exclusive agencies are highly trained on the products they sell and that can be a competitive advantage. Drivers often use the same agent partially due to the brand legacy rather than low price.
Below is a short list of exclusive insurance agencies in Madison who may provide you with price quote information.
- American Family Insurance – Yolanda Grajales-Sutter
7878 Big Sky Dr Ste I – Madison, WI 53719 – (608) 826-4518 – View Map - Farmers Insurance: Jesus Carvajal
5555 Odana Rd #201 – Madison, WI 53719 – (608) 278-7055 – View Map - Farmers Insurance – Debra Armstrong
621 N Sherman Ave, Ste B16 – Madison, WI 53704 – (608) 222-1400 – View Map
Independent Insurance Agents
Independent insurance agents can quote rates with many companies so they can write business with a variety of different insurance companies and find you cheaper rates. If they find a cheaper price, they simply switch companies in-house and you can keep the same agent.
When comparison shopping, you will definitely want to include price quotes from multiple independent agents to get the most accurate price comparison. They also have the ability to place coverage with additional companies that you may not be familiar with that may provide cheaper insurance rates.
Below is a list of independent insurance agencies in Madison willing to provide comparison quotes.
- Independent Insurance Services Inc.
2960 Triverton Pike Dr Suite 101 – Madison, WI 53711 – (608) 273-3325 – View Map - Homewood Insurance Agency
583 D’onofrio Dr Ste. 1012 – Madison, WI 53719 – (608) 442-6666 – View Map - R and S Insurance
1520 Vernon St – Madison, WI 53703 – (608) 251-0022 – View Map
Car insurance companies ranked
Buying coverage from the highest-rated auto insurance company can be a challenge considering how many different companies sell coverage in Wisconsin. The rank data displayed below can help you decide which insurers to look at to insure your vehicles.
Top 10 Madison Car Insurance Companies Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- AAA Insurance
- Safeco Insurance
- GEICO
- Esurance
- The General
A little work can save a LOT of money
When trying to cut insurance costs, make sure you don’t reduce needed coverages to save money. In too many instances, someone dropped collision coverage only to discover later that the small savings ended up costing them much more. Your goal is to buy a smart amount of coverage for the lowest cost but still have enough coverage for asset protection.
We just covered a lot of information how to find cheaper Audi S5 insurance in Madison. The most important thing to understand is the more times you quote, the higher your chance of finding the cheapest Audi S5 rate quotes. You may even discover the best price on insurance is with a smaller regional carrier.
Consumers change insurance companies for a number of reasons such as high rates after DUI convictions, questionable increases in premium, not issuing a premium refund and an unsatisfactory settlement offer. Whatever your reason, finding a new company is easier than you think.
How to buy low-cost Audi S5 insurance in Madison
If you want to save money, the best way to get more affordable auto insurance rates is to compare prices at least once a year from insurers in Madison.
First, spend a few minutes and learn about how insurance works and the things you can change to keep rates low. Many rating factors that cause high rates like multiple speeding tickets and a poor credit score can be remedied by improving your driving habits or financial responsibility.
Second, compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or State Farm, while independent agents can provide price quotes from multiple companies.
Third, compare the new rate quotes to your existing policy and see if there is a cheaper rate in Madison. If you find a better price and change companies, verify that coverage does not lapse between policies.
Fourth, give notification to your current company of your decision to cancel your existing policy. Submit payment and a signed application for the new policy. As soon as you receive it, keep the new proof of insurance paperwork with your vehicle’s registration.
The critical component of shopping around is that you’ll want to make sure you compare identical limits and deductibles on each quote and and to get price estimates from as many different companies as possible. Doing this ensures the most accurate price comparison and a complete selection of prices.
More resources
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- What Auto Insurance is Cheapest for Real Estate Agents in Madison? (FAQ)
- Who Has the Cheapest Car Insurance Quotes with Multiple Speeding Tickets in Madison? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Inexperienced Drivers in Madison? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Drivers with a DUI in Madison? (FAQ)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Top Signs Your Brakes are Giving Out (State Farm)