To save the most money, the best way to get discount Audi S5 insurance in Greensboro is to make a habit of comparing prices annually from companies who can sell car insurance in North Carolina.
Step 1: Read about the different coverages in a policy and the changes you can make to keep rates in check. Many risk factors that are responsible for high rates such as at-fault accidents and a not-so-good credit rating can be eliminated by making minor driving habit or lifestyle changes.
Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive or Allstate, while independent agencies can provide prices from multiple insurance companies. Compare rates
Step 3: Compare the new rate quotes to your existing rates and see if there is a cheaper rate. If you find a better price and make a switch, make sure there is no lapse in coverage.
Step 4: Provide notification to your current agent or company to cancel your current auto insurance policy and submit a signed application and payment to your new insurance company. Don’t forget to place the new proof of insurance certificate above your visor, in the console, or in the glove compartment.
One thing to remember is to make sure you enter the same deductibles and limits on each quote request and and to get price quotes from as many companies as feasibly possible. This guarantees a level playing field and maximum price selection.
It’s safe to assume that car insurance companies want to keep your business as long as possible. Consumers who shop rates annually will, in all likelihood, move their business because of the good chance of finding a lower-priced policy. A recent survey found that people who compared rates regularly saved as much as $865 annually compared to drivers who never shopped around.
If saving the most money on auto insurance is why you’re here, then having a grasp of how to quote prices and compare insurance can save time, money, and frustration.
Cheaper Greensboro auto insurance quotes with discounts
Auto insurance is expensive, but you may be missing some discounts that could help you make your next renewal payment. Some trigger automatically when you complete an application, but a few must be specially asked for before you get the savings. If you aren’t receiving every discount you deserve, you could be paying more than you need to.
- Life Insurance Discount – Not all companies offer life insurance, but some may give you a small discount if you purchase some life insurance too.
- 55 and Retired – Mature drivers may qualify for a small discount on rates.
- Multi-policy Discount – If you combine your homeowners and auto policies and insure them with the same company you may save as much as 10 to 15 percent.
- Buy New and Save – Adding a new car to your policy can save you some money because new vehicles keep occupants safer.
- Driver Safety – Completing a defensive driving course could save 5% or more and easily pay for the cost of the class.
- Good Grades Discount – Performing well in school may save you up to 25%. This discount can apply up to age 25.
- Homeowners Savings – Owning your own home or condo may earn you a small savings because it shows financial diligence.
- Accident Waiver – Not really a discount, but a few companies such as State Farm, Progressive and GEICO permit an accident before raising your premiums so long as you are claim-free for a set time period.
- Theft Prevention Discount – Cars optioned with advanced anti-theft systems have a lower chance of being stolen and therefore earn up to a 10% discount.
It’s important to note that some of the credits will not apply to the overall cost of the policy. Most only cut specific coverage prices like liability and collision coverage. Despite the fact that it seems like you could get a free auto insurance policy, it doesn’t quite work that way.
The diagram below shows the comparison of Audi S5 premium costs with and without discounts. The prices are based on a female driver, no claims or violations, North Carolina state minimum liability limits, full 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 see a list of auto insurance companies that offer multiple discounts in Greensboro, click here to view.
Keep in mind that comparing more rates from different companies will increase your chances of finding the best offered rates.
The providers in the list below can provide price comparisons in Greensboro, NC. To locate cheap car insurance in Greensboro, we suggest you visit several of them to find the most affordable auto insurance rates.
Coverage information
The information shown below showcases a range of insurance coverage prices for Audi S5 models. Learning a little about how prices are determined can be valuable when making decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $248 | $448 | $326 | $20 | $98 | $1,140 | $95 |
| S5 4.2 Quattro 2-Dr Coupe | $248 | $448 | $326 | $20 | $98 | $1,140 | $95 |
| S5 3.0 Quattro 2-Dr Convertible | $248 | $402 | $326 | $20 | $98 | $1,094 | $91 |
| S5 4.2 Quattro 2-Dr Coupe | $248 | $494 | $326 | $20 | $98 | $1,186 | $99 |
| S5 4.2 Quattro 2-Dr Coupe | $248 | $494 | $326 | $20 | $98 | $1,186 | $99 |
| S5 3.0 Quattro 2-Dr Convertible | $270 | $448 | $326 | $20 | $98 | $1,162 | $97 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Estimates do not factor in vehicle location which can modify premium rates noticeably.
Policy deductible comparison
When shopping for auto insurance, a common question is how high should the deductibles for physical damage be. The comparisons below can help illustrate the price difference of buying low and high physical damage deductibles. The first pricing table uses a $250 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $266 | $556 | $250 | $14 | $74 | $1,185 | $99 |
| S5 4.2 Quattro 2-Dr Coupe | $266 | $556 | $250 | $14 | $74 | $1,185 | $99 |
| S5 3.0 Quattro 2-Dr Convertible | $266 | $498 | $250 | $14 | $74 | $1,127 | $94 |
| S5 4.2 Quattro 2-Dr Coupe | $266 | $614 | $250 | $14 | $74 | $1,243 | $104 |
| S5 4.2 Quattro 2-Dr Coupe | $266 | $614 | $250 | $14 | $74 | $1,243 | $104 |
| S5 3.0 Quattro 2-Dr Convertible | $292 | $556 | $250 | $14 | $74 | $1,211 | $101 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $164 | $350 | $250 | $14 | $74 | $852 | $71 |
| S5 4.2 Quattro 2-Dr Coupe | $164 | $350 | $250 | $14 | $74 | $852 | $71 |
| S5 3.0 Quattro 2-Dr Convertible | $164 | $314 | $250 | $14 | $74 | $816 | $68 |
| S5 4.2 Quattro 2-Dr Coupe | $164 | $386 | $250 | $14 | $74 | $888 | $74 |
| S5 4.2 Quattro 2-Dr Coupe | $164 | $386 | $250 | $14 | $74 | $888 | $74 |
| S5 3.0 Quattro 2-Dr Convertible | $180 | $350 | $250 | $14 | $74 | $868 | $72 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Estimates do not factor in Greensboro location which can decrease or increase coverage rates substantially.
Based on these figures, using a $250 deductible will cost you about $28 more each month or $336 for a full year across all Audi S5 models than buying the higher $1,000 deductible. Since you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at a minimum 27 months between claims, you would save money if you choose a higher deductible.
How to determine when to raise your deductibles
| Average monthly premium for $250 deductibles: | $100 |
| Average monthly premium for $1,000 deductibles (subtract): | – $72 |
| Monthly savings from raising deductible: | $28 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $28 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 27 months |
The illustration below demonstrates how deductibles and can increase or decrease Audi S5 insurance prices for each different age group. The rate quotes are based on a married male driver, full coverage, and no discounts are applied to the premium.
Cautious drivers save money
The chart below shows how speeding tickets and at-fault fender-benders can raise Audi S5 annual premium costs for each different age category. The price estimates are based on a single male driver, full coverage, $100 deductibles, and no discounts are taken into consideration.
Full coverage or liability only
The diagram below shows the difference between Audi S5 insurance costs with full coverage and liability only. The premium estimates are based on no claims or violations, $1,000 deductibles, single marital status, and no other discounts are factored in.
Should you pay for full coverage?
There is no exact rule of when to exclude physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Audi S5 book value is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $4,000 after the deductible is paid. If you are paying more than $400 a year for full coverage, the it may be a good time to stop paying for full coverage.
There are a few situations where removing full coverage is not a good plan. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
What Determines Audi S5 Insurance Prices?
When buying car insurance it’s important to understand some of the elements that are used to determine your car insurance rates. If you have a feel for what positively or negatively impacts your premiums, this allows you to make educated decisions that may reward you with lower premium levels.
Job and insurance premiums – Did you know your career choice can influence rates? Occupations such as judges, social workers, and dentists have higher rates than the rest of us in part from job stress and long work days. On the other hand, occupations like actors, athletes and homemakers have lower than average premiums.
Bad credit hurts insurance prices – An insured’s credit score factor in calculating your car insurance rates. Drivers who have very high credit ratings tend to file fewer claims and have better driving records than those with lower credit ratings. If your credit history leaves room for improvement, you may save money insuring your Audi S5 if you improve your credit rating.
What type of car, truck or SUV do you drive? – The performance level of the vehicle you own makes a significant difference in the rate you pay. The lowest rates will generally be found on smaller low performance passenger models, but that’s not the only thing that factors into the final price.
The following chart is based on a married male driver age 20, full coverage with $500 deductibles, and no discounts or violations. The data compares Audi S5 insurance premiums compared to other models that have different risk factors.
Cheaper rates with high physical damage deductibles – Comp and collision deductibles state the amount of money you are required to spend out-of-pocket in the event of a claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some coverage claims would be rear-ending another vehicle, collision with a deer, and damage caused by road hazards. The higher the amount you have to pay, the less your company will charge you for insurance.
Being married brings a discount – Walking down the aisle may save some money compared to being single. It is viewed as being more responsible and it’s statistically proven that married drivers get in fewer accidents.
Does auto insurance cost more for males? – Statistics show that men are more aggressive behind the wheel. The data does not necessarily mean that males are worse at driving than females. Women and men are in at-fault accidents in similar numbers, but men get into accidents with more damage. In addition to higher claims, males also receive more costly citations such as driving while intoxicated (DWI) or driving recklessly. Youthful male drivers are most likely to cause an accident and therefore are the most expensive to insure.
The diagram below illustrates the comparison of Audi S5 insurance prices for male and female drivers. The premiums are based on a clean driving record, no claims, comprehensive and collision coverage, $250 deductibles, single marital status, and no additional discounts are factored in.
Audi S5 statistical loss data – Insurance companies use statistical claims data when they file their rates in each state. Vehicles that historically have high amounts or severity of claims will be charged more to insure. The data below shows the loss history for Audi S5 vehicles.
For each coverage category, the statistical loss for all vehicles as a whole is represented as 100. Percentages below 100 represent a good loss history, while values that are above 100 point to more claims or an increased chance of larger losses than average.
| 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 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
When to get professional advice
Always remember that when buying a policy, there really is no one size fits all plan. Every insured’s situation is different so your insurance should reflect that These are some specific questions could help you determine whether or not you could use an agent’s help.
- Is extra glass coverage worth it?
- Does my insurance cover my expensive audio equipment?
- Is my nanny covered when driving my vehicle?
- Should I buy only the required North Carolina minimum liability coverage?
- Do I have coverage if my license is suspended?
- Am I covered when driving a rental car?
If it’s difficult to answer those questions, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of auto insurance companies in your area.
Insurance agencies near you
Many drivers would rather get professional advice from a licensed agent and that is a personal choice. The biggest benefit of comparing rates online is that drivers can save money and get the best rates and also buy local.
By using this quick form, the quote information gets sent to insurance agents in Greensboro that give free quotes to get your business. There is no need to do any legwork because prices are sent straight to your inbox. It’s the lowest rates without having to waste a lot of time. If you need to quote rates from a particular provider, don’t hesitate to jump over to their website and give them your coverage information.
Finding the right company requires more thought than just the quoted price. These questions are important to ask:
- What kind of financial rating does the company have?
- Do they have any clout with companies to ensure a fair claim settlement?
- Do they have a Better Business Bureau rating in Greensboro?
- Do they see any coverage gaps in your plan?
- Does the agent help file claims?
- Do they have designations such as AIC, CPCU, or CIC?
If you want to buy auto insurance from a reliable insurance agency, you need to know there are two types of insurance agents that differ in how they can insure your vehicles. Agents are categorized either independent (non-exclusive) or exclusive.
Exclusive Insurance Agents
Agents of this type generally can only insure with one company and examples are Allstate, Farmers Insurance or State Farm. Exclusive agents cannot provide other company’s prices so they have to upsell other benefits. Exclusive agents are very knowledgeable on what they offer which aids in selling service over price. Some insured continue to choose to use a exclusive agent mainly due to high brand loyalty rather than low price.
Listed below are exclusive agencies in Greensboro that are able to give comparison quotes.
- Allstate Insurance: John F Davis
3800 S Holden Rd #101 – Greensboro, NC 27406 – (336) 299-9100 – View Map - Jackie Smith – State Farm Insurance Agent
1611 New Garden Rd – Greensboro, NC 27410 – (336) 299-7998 – View Map - John Klopp – State Farm Insurance Agent
401 Battleground Ave – Greensboro, NC 27401 – (336) 268-9000 – View Map
Independent Agencies or Brokers
Agents in the independent channel are not locked into one company and that allows them to write policies through lots of different companies and find the cheapest auto insurance rates. To move your coverage to a new company, they simply switch companies in-house and that require little work on your part.
If you are comparing rate quotes, you will want to get insurance quotes from independent agents to have the best price comparison. Most have the option of insuring with small regional insurance companies that may have much lower rates than larger companies.
Shown below is a short list of independent insurance agencies in Greensboro that can give you price quotes.
- Reese Insurance
202 N. Van Buren Road Suite C, Eden, NC 27288 – Greensboro, NC 27407 – (336) 292-1963 – View Map - Gladwell Insurance Agency
5709 W Friendly Ave – Greensboro, NC 27410 – (336) 299-5185 – View Map - Nationwide Insurance: Gail Moseley Agency Inc
2502 Lawndale Dr – Greensboro, NC 27408 – (336) 282-3655 – View Map
Why do I need car insurance?
Despite the high cost of buying insurance for a Audi S5 in Greensboro, maintaining insurance is required in North Carolina but also provides important benefits.
- Almost all states have minimum liability requirements which means you are required to carry a specific level of liability protection if you don’t want to risk a ticket. 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.
- If you have a loan on your Audi, almost all lenders will have a requirement that you have insurance to guarantee payment of the loan. If you do not keep the policy in force, the bank may buy a policy for your Audi for a much higher rate and force you to pay the higher price.
- Insurance protects both your vehicle and your personal assets. Insurance will pay for many types of medical costs that are the result of an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance more than offset the price you pay, especially for larger claims. According to a survey of 1,000 drivers, the average driver is overpaying more than $850 per year so it’s important to compare rates each time the policy renews to ensure rates are inline.
Quote. Compare. Save.
Cost effective Audi S5 insurance can be bought from both online companies in addition to local insurance agencies, and you need to comparison shop both to get a complete price analysis. A few companies may not offer rates over the internet and usually these small insurance companies provide coverage only through local independent agents.
When searching for affordable Greensboro auto insurance quotes, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, drivers have reduced uninsured motorist or liability limits to discover at claim time they didn’t purchase enough coverage. The ultimate goal is to purchase plenty of coverage for the lowest price, not the least amount of coverage.
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- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Safe Vehicles for Teens (iihs.org)
- Vehicle Safety Ratings (iihs.org)
- Rollover Crash FAQ (iihs.org)