How many years has it been since you compared the cheapest Audi S5 insurance in Denver? Scraping up a payment for pricey Audi S5 insurance in Denver can consume your savings account and put the squeeze on your family’s finances.
It’s astonishing, but nearly 70% of consumers renewed their policy with the same company for a minimum of four years, and approximately 40% of consumers have never compared quotes from other companies. With the average premium in America being $1,847, drivers could cut their rates by as much as $850 a year just by shopping around, but they just assume it’s a time-consuming process to shop their coverage around.
Online insurance companies like Allstate, Liberty Mutual and State Farm all claim big savings with ads and it is challenging if not impossible to see past the corporate glitz and effectively compare rates to find the best deal.
It’s smart to do price comparisons quite often because prices are adjusted regularly by insurance companies. Even if you got the best rate on Audi S5 insurance in Denver two years ago you will most likely find a better premium rate today. You can find a lot of information about S5 insurance online, but we’re going to give you a lot of great tips on how to lower your auto insurance bill.
If you are paying for car insurance now, you will most likely be able to lower your rates using the ideas covered in this article. Locating the most cost-effective insurance policy in Denver is actually quite simple. But Colorado drivers should learn how big insurance companies calculate their prices because it varies considerably.
Most major insurance companies provide coverage prices online. Obtaining pricing for Audi S5 insurance in Denver is quite simple as you simply type in your personal and coverage information as requested by the quote form. When the form is submitted, the system orders your driving record and credit report and returns a price quote. Being able to quote online for Audi S5 insurance in Denver makes comparing rates easy, and it’s very important to perform this step if you want to get cheaper rates.
In order to find out how much you can save on auto insurance, compare rates now from the companies shown below. If you have coverage now, it’s recommended that you enter the limits and deductibles identical to your current policy. Doing this assures you will have a price comparison using the exact same coverages.
The auto insurance companies shown below can provide price comparisons in Denver, CO. If multiple providers are shown, it’s highly recommended you visit several of them in order to find the cheapest rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $200 | $482 | $368 | $22 | $110 | $1,182 | $99 |
| S5 4.2 Quattro 2-Dr Coupe | $200 | $482 | $396 | $24 | $118 | $1,220 | $102 |
| S5 3.0 Quattro 2-Dr Convertible | $466 | $1030 | $474 | $28 | $142 | $2,140 | $178 |
| S5 4.2 Quattro 2-Dr Coupe | $410 | $1188 | $426 | $26 | $128 | $2,178 | $182 |
| S5 4.2 Quattro 2-Dr Coupe | $340 | $858 | $474 | $28 | $142 | $1,842 | $154 |
| S5 3.0 Quattro 2-Dr Convertible | $334 | $632 | $352 | $20 | $106 | $1,444 | $120 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Table data does not factor in the specific area where the vehicle is garaged which can increase or decrease coverage prices noticeably.
Higher deductibles save money
One of the more difficult decisions when buying car insurance is where to set your physical damage deductibles. The premium rates below summarize the differences in premium rates of buying low and high physical damage coverage deductibles. The first rate comparisons uses a $100 physical damage coverage deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $420 | $936 | $352 | $20 | $106 | $1,859 | $155 |
| S5 4.2 Quattro 2-Dr Coupe | $420 | $936 | $352 | $20 | $106 | $1,859 | $155 |
| S5 3.0 Quattro 2-Dr Convertible | $420 | $838 | $352 | $20 | $106 | $1,761 | $147 |
| S5 4.2 Quattro 2-Dr Coupe | $420 | $1032 | $352 | $20 | $106 | $1,955 | $163 |
| S5 4.2 Quattro 2-Dr Coupe | $420 | $1032 | $352 | $20 | $106 | $1,955 | $163 |
| S5 3.0 Quattro 2-Dr Convertible | $458 | $936 | $352 | $20 | $106 | $1,897 | $158 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $306 | $632 | $352 | $20 | $106 | $1,416 | $118 |
| S5 4.2 Quattro 2-Dr Coupe | $306 | $632 | $352 | $20 | $106 | $1,416 | $118 |
| S5 3.0 Quattro 2-Dr Convertible | $306 | $566 | $352 | $20 | $106 | $1,350 | $113 |
| S5 4.2 Quattro 2-Dr Coupe | $306 | $698 | $352 | $20 | $106 | $1,482 | $124 |
| S5 4.2 Quattro 2-Dr Coupe | $306 | $698 | $352 | $20 | $106 | $1,482 | $124 |
| S5 3.0 Quattro 2-Dr Convertible | $334 | $632 | $352 | $20 | $106 | $1,444 | $120 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Premium amounts do not factor in the specific area where the vehicle is garaged which can raise or lower premiums considerably.
We can estimate from the data above that using a $100 deductible costs about $37 more each month or $444 each year than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 11 months between claim filings, you would probably come out ahead if you choose the higher deductible.
How to calculate if a higher deductible is a good decision
| Average monthly premium for $100 deductibles: | $157 |
| Average monthly premium for $500 deductibles (subtract): | – $120 |
| Monthly savings from raising deductible: | $37 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $37 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 11 months |
Earn discounts on Denver car insurance
Some insurance providers don’t always list all possible discounts in a way that’s easy to find, so below is a list some of the best known in addition to some of the lesser obvious credits available to bring down your rates.
- Safety Restraint Discount – Requiring all passengers to buckle up can save up to 15% on the medical payments or PIP coverage costs.
- Smart Student Discounts – A discount for being a good student could provide a savings of up to 20% or more. Most companies allow this discount until age 25.
- Pay Now and Pay Less – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
- No Claim Discounts – Good drivers with no accidents pay less as compared to frequent claim filers.
- Multi-Vehicle Discounts – Having all your vehicles on one policy can reduce rates for all insured vehicles.
- Defensive Driver Discounts – Completing a defensive driver class could cut 5% off your bill and make you a better driver.
- No Charge for an Accident – This one is not really a discount per se, but companies like Liberty Mutual and GEICO will allow you to have one accident without the usual rate increase if your claims history is clear prior to the accident.
Don’t be shocked that some of the credits will not apply to your bottom line cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. Despite the fact that it seems like it’s possible to get free car insurance, car insurance companies aren’t that generous.
Some of the larger companies who might offer these discounts include:
If you want cheaper Denver car insurance quotes, ask every insurance company the best way to save money. Savings might not apply in Denver.
Local insurance agents
Some people would prefer to sit down and talk to an agent and doing that can be a smart decision One of the best bonuses of getting online price quotes is that drivers can save money and get cheap insurance rates and still choose a local agent. And supporting neighborhood insurance agencies is especially important in Denver.
To find an agent, once you fill out this quick form, the quote information is immediately sent to insurance agents in Denver who will give you bids for your coverage. There is no reason to even leave your home because prices are sent to you. You can most likely find cheaper rates AND a local agent. If you want to get a comparison quote from a particular provider, you would need to search and find their rate quote page to submit a rate quote request.
If you prefer to buy insurance from an insurance agent, it helps to know the two different types of agencies from which to choose. Agents are either exclusive agents or independent agents.
Independent Insurance Agents (or Brokers)
Agents that elect to be independent do not have single company limitations so they can write business through lots of different companies enabling the ability to shop coverage around. If they find a lower price, they can switch companies in-house and you don’t have to find a new agent.
When comparing rates, we recommend you get rate quotes from multiple independent agents to ensure the widest selection of prices.
The following is a short list of independent insurance agencies in Denver that may be able to provide cheap rate quotes.
Affordable American Insurance-Lloyd Nguyen Agency
1834 S Sheridan Blvd – Denver, CO 80232 – (303) 936-7233 – View Map
Bonnie Brae Insurance
179 S Colorado Blvd – Denver, CO 80246 – (303) 321-9300 – View Map
Gonzalez Insurance Agency
6450 E Colfax Ave – Denver, CO 80220 – (303) 320-4901 – View Map
Exclusive Insurance Agents
Exclusive agencies can only place business with one company like State Farm, AAA, and Liberty Mutual. Exclusive agencies are unable to provide rate quotes from other companies so they have no alternatives for high prices. Exclusive agents are very knowledgeable on their company’s products which helps them sell on service rather than price.
Shown below is a list of exclusive insurance agencies in Denver who can help you get rate quotes.
State Farm: Sid Priday
2955 Inca St #1b – Denver, CO 80202 – (303) 825-7909 – View Map
Allstate Insurance: Eddie W. Pacheco
6200 E Yale Ave – Denver, CO 80222 – (303) 788-0777 – View Map
Rick Emerson Jr. – State Farm Insurance Agent
4800 Happy Canyon Rd #230 – Denver, CO 80237 – (303) 781-1133 – View Map
Picking the best car insurance agent shouldn’t rely on just a low price. Any agent in Denver should be forthright in answering these questions:
- How would your car be valued if totalled?
- What insurance company do they write the most business with?
- Is the agency active in community causes in Denver?
- Which insurance companies are they affiliated with?
- Will one accident increase rates?
After receiving good answers for all questions you ask and locked in a price quote, most likely you have located an insurance agency that is reputable and can provide insurance coverage. Just be aware that once you purchase a policy you can terminate your policy whenever you wish so never assume that you’re stuck with your new company for the entire policy term.
When do I need an agent’s advice?
When selecting insurance from an agent or online, there isn’t really a “perfect” insurance plan. Your needs are unique to you.
Here are some questions about coverages that can aid in determining whether or not you might need an agent’s assistance.
- How much liability insurance is required?
- Does every company file a SR-22 automatically?
- How can I get my company to pay me more for my totalled car?
- Am I covered if my car is in a flood?
- What is medical payments coverage?
- Does car insurance cover theft of personal property?
- Who is covered when they drive my Audi S5?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.
Three main reasons to buy car insurance
Even though it can be expensive, paying for car insurance serves several important purposes.
- Almost all states have mandatory insurance requirements which means you are required to buy a specific minimum amount of liability in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you have a loan on your Audi S5, almost all lenders will make it a condition of the loan that you carry insurance to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the lender may insure your Audi for a lot more money and make you pay much more than you were paying before.
- Car insurance protects both your Audi S5 and your assets. It also can pay for all forms of medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if anyone sues you for causing an accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.
The benefits of having insurance definitely exceed the cost, especially for larger claims. Despite what companies tell you, the average driver is currently overpaying as much as $810 a year so compare rates at least once a year to save money.
Auto insurance coverages
Understanding the coverages of your insurance policy can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.
Collision – Collision insurance pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as backing into a parked car, colliding with another moving vehicle, hitting a mailbox, damaging your car on a curb and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible on your S5 in order to get cheaper collision rates.
Auto liability insurance – This coverage protects you from damage that occurs to other people or property by causing an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/15 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $15,000. Another option is a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage protects against things such as bail bonds, pain and suffering, funeral expenses, medical services and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford. Colorado state minimum liability requirements are 25/50/15 but you should consider buying better liability coverage.
Medical expense coverage – Coverage for medical payments and/or PIP pay for immediate expenses like prosthetic devices, dental work, surgery and pain medications. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay
Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers only carry the minimum required liability limits (which is 25/50/15), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Comprehensive protection – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims like damage from a tornado or hurricane, theft and vandalism. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
More quotes mean more insurance savings
People who switch companies do it for a variety of reasons including policy cancellation, delays in responding to claim requests, poor customer service or denial of a claim. It doesn’t matter why you want to switch finding a new insurance company is pretty simple and you could end up saving a buck or two.
We just presented many ideas to compare Audi S5 insurance rates in Denver. The key thing to remember is the more providers you compare, the better your chances of lowering your car insurance rates. Consumers may even find the lowest priced insurance comes from a smaller regional carrier.
Some insurance companies may not provide online price quotes and many times these smaller providers sell through independent agencies. Budget-friendly insurance in Denver is attainable from both online companies and with local Denver insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from.
Much more information about insurance in Colorado can be found on the following sites:
- Older Drivers FAQ (iihs.org)
- What Insurance is Cheapest for Teachers in Denver? (FAQ)
- What Insurance is Cheapest for a 20 Year Old Female in Denver? (FAQ)
- How Much are Auto Insurance Quotes for Felons in Denver? (FAQ)
- Anti-Lock Brake FAQ (iihs.org)
- How to Avoid Common Accidents (State Farm)
- Can I Drive Legally without Insurance? (Insurance Information Institute)