Best Insurance for an Audi A5 in Las Vegas

Are you tired of sacrificing each month for car insurance? You’re in the same situation as many other people in Nevada.

It’s hard to fathom, but a large majority of car insurance policyholders kept buying from the same company for well over three years, and just under half have never compared quotes from other companies. Many drivers in Nevada could cut their rates by nearly 35% a year just by getting comparison quotes, but they just assume it takes a lot of time to find lower-cost insurance by shopping around.

Steps to buying lower priced Audi A5 insurance in Las Vegas

The best way we recommend to find affordable Audi A5 insurance in Las Vegas is to start comparing rates regularly from different companies that insure vehicles in Nevada. Price quotes can be compared by following these guidelines.

• Step 1: Read about how auto insurance works and the steps you can take to prevent expensive coverage. Many factors that cause high rates such as inattentive driving and poor credit rating can be rectified by making minor changes in your lifestyle. This article provides additional tips to prevent rate hikes and find additional discounts you may qualify for.
• Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from a single company like GEICO or Allstate, while agents who are independent can provide price quotes for a wide range of companies. Click to view companies
• Step 3: Compare the new rates to your existing policy to see if switching to a new carrier will save money. If you find a lower rate quote and switch companies, make sure coverage does not lapse between policies.
• Step 4: Provide written notification to your current company to cancel your existing policy and submit a down payment along with a signed application to the new company. Don’t forget to put the proof of insurance paperwork along with the vehicle’s registration papers.

An important part of this process is to try to compare similar coverage information on every quote request and and to get rates from as many companies as possible. This ensures an accurate price comparison and a good representation of prices.

Insurance companies such as Progressive, GEICO and Farmers Insurance continually bombard you with TV and radio ads and it can be hard to ignore the promise of big savings and do the work needed to find the best deal.

Companies offering low-cost Audi A5 rates in Las Vegas, NV

The companies in the list below provide price quotes in Las Vegas, NV. If your goal is to find cheap auto insurance in Nevada, we recommend you get rates from several of them in order to get a fair rate comparison.

Coverage information

The premium table shown next covers a range of insurance policy prices for Audi A5 models. Having insight into how auto insurance policy rates are established can assist in making decisions on which coverage to buy.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rate information does not factor in Las Vegas location which can alter insurance rates greatly.

Higher deductibles lower rates

One frequently asked question is how high should the deductibles for physical damage be. The rates shown below may help to conceptualize the rate difference when you choose different deductibles. The first table uses a $250 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Price estimates do not factor in garaging location in Las Vegas which can revise premiums significantly.

Based on this data, using a $250 deductible will cost you approximately $30 more each month or $360 a year averaged for all A5 models than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you have at least 25 months between claim filings, you would probably be better off if you choose a higher deductible. The table below illustrates the way this determination is made.

One important note is that raising deductibles means you will have to pay more of your own money when you file a claim. That will force you to have some savings in order to pay the higher deductible in order to repair your vehicle.

The illustration below illustrates how your deductible choice and can increase or decrease Audi A5 insurance costs for each different age category. The premiums are based on a married male driver, comp and collision included, and no additional discounts are factored in.

Cost comparison with and without full coverage

The example below visualizes the comparison of Audi A5 insurance costs with full physical damage coverage compared to only buying liability only. The premium estimates are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are applied to the premium.

Should you pay for full coverage or liability only?

There is no definitive rule to eliminate comp and collision coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Audi A5 book value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after you pay the deductible. If you are paying over $400 annually for full coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where dropping full coverage is not advised. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not remove full coverage.

Do you qualify for discounts?

Insurance is easily one of your largest bills, but you may find discounts that many people don’t even know exist. Larger premium reductions will be automatically applied at the time of quoting, but some discounts are required to be specially asked for before you will receive the discount.

• Multiple Vehicles – Buying insurance for all your vehicles with the same company may reduce the rate for each vehicle.
• Low Mileage Discounts – Low annual miles could be rewarded with lower premium rates on the low mileage vehicles.
• Seat Belt Discounts – Requiring all passengers to use a seat belt can save a little off the PIP or medical payment premium.
• No Charge for an Accident – This one is not really a discount per se, but a few companies such as Liberty Mutual, GEICO and Allstate permit an accident without the usual rate increase so long as you are claim-free for a certain period of time.
• Sign Early and Save – A few companies allow discounts for buying a policy prior to your current A5 insurance policy expiring. It could save around 10% when you buy Las Vegas auto insurance online.
• Anti-lock Brake Discount – Cars, trucks, and SUVs equipped with ABS or steering control can stop better under adverse conditions and the ABS can save up to 10%.
• Driver Training Discounts – Successfully completing a course teaching safe driver skills is a good idea and can lower rates and easily recoup the cost of the course.
• Federal Government Employee – Employees or retirees of the government may qualify for a discount when you quote Las Vegas auto insurance with select insurance companies.
• Payment Method – If you pay your bill all at once rather than paying monthly you can avoid monthly service charges.

A quick disclaimer, many deductions do not apply to the whole policy. Some only reduce the cost of specific coverages such as comprehensive or collision. So even though you would think you can get free auto insurance, you aren’t that lucky.

The example below illustrates the comparison of Audi A5 annual premium costs with and without discounts applied to the policy premium. The data is based on a female driver, no accidents or driving violations, Nevada state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, homeowner, marriage, multi-car, and safe-driver discounts applied.

To view insurance companies that offer discounts in Nevada, follow this link.

When should I talk to an agent?

Many people prefer to sit down and talk to an agent and often times that is recommended An additional benefit of comparing insurance prices online is the fact that you can find cheap insurance rates but also keep your business local.

To help locate an agent, after submitting this form (opens in new window), your information is submitted to agents in your area who will give competitive quotes for your insurance coverage. It’s much easier because you don’t need to do any legwork because quoted prices will be sent to you directly. You can find the lowest rates without the usual hassles of price shopping. If you wish to quote rates from one company in particular, you just need to go to their quote page and fill out the quote form the provide.

Choosing the best provider is decision based upon more than just a cheap price quote. The following questions are important to ask.

• Will one accident increase rates?
• Which members of your family are coverage by the policy?
• Can they provide you with a list of referrals?
• By raising physical damage deductibles, how much would you save?
• What insurance companies do they work with in Las Vegas?

Two different types of car insurance agents

If you want to buy insurance from local Las Vegas agents, you should know the different types of agencies and how they function. Insurance policy providers can be classified as either independent or exclusive depending on the company they work for.

Exclusive Agencies

Agents that elect to be exclusive can only place business with one company and some examples include American Family, State Farm, and AAA. Exclusive agents are unable to place coverage with different providers so always compare other rates. These agents are well schooled on what they offer which can be an advantage.

Listed below is a short list of exclusive agencies in Las Vegas who may provide you with price quotes.

View more agents

Independent Agencies or Brokers

Agents that choose to be independent are not locked into one company so as a result can place your coverage amongst many companies and find the cheapest insurance rates. If they quote lower rates, the agent simply finds a different carrier and you stay with the same agent.

When shopping rates, you will definitely want to get insurance quotes from several independent agencies so that you have a good selection of quotes to compare.

Shown below are independent insurance agencies in Las Vegas willing to provide comparison quotes.

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Final considerations

More affordable car insurance in Las Vegas is definitely available online in addition to local insurance agencies, and you should compare rates from both to have the best chance of lowering rates. There are still a few companies who may not have online rate quotes and many times these regional carriers sell through independent agencies.

In this article, we covered many tips how you can save on Audi A5 insurance in Las Vegas. The most important thing to understand is the more price quotes you have, the better your comparison will be. You may even find the lowest auto insurance rates are with the least-expected company. These smaller insurers may only write in your state and offer lower premium rates as compared to the big name companies such as State Farm, GEICO and Nationwide.

How to buy low-cost Audi A5 insurance in Las Vegas

The preferred way to save money on Audi A5 insurance in Las Vegas is to compare prices annually from companies who sell auto insurance in Nevada. Drivers can shop around by completing these steps.

1. Try to learn a little about what coverages are included in your policy and the factors you can control to prevent rate increases. Many rating criteria that drive up the price such as at-fault accidents and a poor credit score can be improved by improving your driving habits or financial responsibility.
2. Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from a single company like GEICO or State Farm, while agents who are independent can provide rate quotes for a wide range of insurance providers.
3. Compare the price quotes to your existing policy to see if a cheaper rate is available in Las Vegas. If you find a lower rate quote and make a switch, make sure coverage is continuous and does not lapse.
4. Give notification to your agent or company to cancel your current policy. Submit a down payment along with a signed application to the newly selected company. Once the paperwork is finalized, store the certificate verifying proof of insurance along with your vehicle registration.

The most important part of shopping around is that you’ll want to make sure you compare the same liability limits and deductibles on every quote and and to get price quotes from as many different companies as possible. Doing this guarantees a level playing field and many rates to choose from.

Other resources

• Cellphones, Texting and Driving (iihs.org)
• Who Has the Cheapest Auto Insurance for Immigrants in Las Vegas? (FAQ)
• Who Has Affordable Las Vegas Car Insurance Rates for a Honda Civic? (FAQ)
• Who Has the Cheapest Las Vegas Auto Insurance for a Honda Accord? (FAQ)
• Who Has the Cheapest Las Vegas Car Insurance Quotes for a Learners Permit? (FAQ)
• What Car Insurance is Cheapest for High Risk Drivers in Las Vegas? (FAQ)
• Credit Impacts Car Insurance Rates (State Farm)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)