Car Insurance Rates for an Audi S5 in Las Vegas

It’s hard to fathom, but a large majority of drivers renewed their policy with the same company for at least the last four years, and virtually 40% of consumers have never even compared quotes to find cheaper rates. The average driver in Nevada could save 35% a year, but they just assume it’s a time-consuming process to save money by comparing rate quotes.

Insurance rates Audi S5 in Las VegasIf you want to save the most money, the best way to quote cheaper Audi S5 insurance in Las Vegas is to compare quotes annually from insurance carriers who provide auto insurance in Nevada.

Step 1: Try to comprehend how auto insurance works and the things you can change to keep rates low. Many rating criteria that result in higher rates such as traffic tickets, fender benders, and a poor credit rating can be remedied by being financially responsible and driving safely.

Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO and Allstate, while independent agents can provide rate quotes for a wide range of companies.

Step 3: Compare the new rate quotes to your current policy and see if there is a cheaper rate. If you find better rates and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.

Step 4: Give notification to your agent or company to cancel your current auto insurance policy and submit a down payment along with a completed application to your new carrier. As soon as you receive it, keep the new proof of insurance paperwork with your registration paperwork.

A tip to remember is that you’ll want to compare the same amount of coverage on each price quote and and to get prices from every company you can. This helps ensure an accurate price comparison and maximum price selection.

Just remember that obtaining a wide range of quotes will enable you to find a lower rate. Not every company provides price estimates online, so you need to compare price quotes from those companies as well.

The car insurance companies shown below can provide free quotes in Las Vegas, NV. If you want cheap auto insurance in Las Vegas, we suggest you get price quotes from several of them in order to get a fair rate comparison.

Audi S5 coverage statistics

The table below outlines detailed analysis of insurance prices for Audi S5 models. Having a better understanding of how premiums are figured can help customers make smart choices when buying a policy.

Audi S5 Insurance Rates in Las Vegas, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $260 $544 $314 $18 $94 $1,230 $103
S5 4.2 Quattro 2-Dr Coupe $260 $544 $314 $18 $94 $1,230 $103
S5 3.0 Quattro 2-Dr Convertible $260 $486 $314 $18 $94 $1,172 $98
S5 4.2 Quattro 2-Dr Coupe $260 $600 $314 $18 $94 $1,286 $107
S5 4.2 Quattro 2-Dr Coupe $260 $600 $314 $18 $94 $1,286 $107
S5 3.0 Quattro 2-Dr Convertible $284 $544 $314 $18 $94 $1,254 $105
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Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Premium amounts do not factor in vehicle garaging location which can affect premiums considerably.

Should you raise deductibles?

One common question asked by Las Vegas drivers is how high should the physical damage coverage deductibles be. The rates shown below outline the differences in price of buying low and high insurance deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second price grid uses a $1,000 deductible.

Audi S5 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $368 $820 $308 $18 $92 $1,631 $136
S5 4.2 Quattro 2-Dr Coupe $368 $820 $308 $18 $92 $1,631 $136
S5 3.0 Quattro 2-Dr Convertible $368 $736 $308 $18 $92 $1,547 $129
S5 4.2 Quattro 2-Dr Coupe $368 $906 $308 $18 $92 $1,717 $143
S5 4.2 Quattro 2-Dr Coupe $368 $906 $308 $18 $92 $1,717 $143
S5 3.0 Quattro 2-Dr Convertible $402 $820 $308 $18 $92 $1,665 $139
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Audi S5 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S5 4.2 Quattro 2-Dr Coupe $204 $432 $308 $18 $92 $1,054 $88
S5 4.2 Quattro 2-Dr Coupe $204 $432 $308 $18 $92 $1,054 $88
S5 3.0 Quattro 2-Dr Convertible $204 $388 $308 $18 $92 $1,010 $84
S5 4.2 Quattro 2-Dr Coupe $204 $478 $308 $18 $92 $1,100 $92
S5 4.2 Quattro 2-Dr Coupe $204 $478 $308 $18 $92 $1,100 $92
S5 3.0 Quattro 2-Dr Convertible $222 $432 $308 $18 $92 $1,072 $89
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Price estimates do not factor in specific garaging location which can increase or decrease insurance rates considerably.

Based on these figures, using a $100 deductible costs approximately $49 more each month or $588 a year across all Audi S5 models than requesting the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you average at least 18 months between claims, you would save money if you opt for a higher deductible. The numbers below show how you can come to your own conclusion.

Average monthly premium for $100 deductibles: $138
Average monthly premium for $1,000 deductibles (subtract): – $89
Monthly savings from raising deductible: $49
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $49
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

An important sidenote is that increasing deductibles to lower your rates means you will have to pay more of your own money when you have to file a claim. You must have some non-essential savings in the event you have to pay the deductible for vehicle repair.

Audi S5 insurance premiums by gender

The information below visualizes the comparison of Audi S5 premium costs for male and female drivers. The data is based on no claims or violations, comp and collision included, $100 deductibles, single marital status, and no additional discounts are factored in.

Why do I need car insurance?

Despite the high cost of buying insurance for a Audi S5 in Las Vegas, car insurance is required for several reasons.

First, most states have compulsory liability insurance requirements which means you are required to carry a specific level of liability insurance in order to drive the car. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a lien on your S5, almost all lenders will require you to buy full coverage to ensure they get paid if you total the vehicle. If the policy lapses, the bank or lender will purchase a policy for your Audi at an extremely high rate and require you to reimburse them a much higher amount than you were paying before.

Third, car insurance protects both your Audi S5 and your personal assets. Insurance will pay for medical bills that are the result of an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if you cause an accident and are sued. If your Audi gets damaged, comprehensive and/or collision insurance will pay to repair the damage.

The benefits of insuring your car are without a doubt worth the cost, especially when you need to use it. Despite what companies tell you, the average driver is overpaying more than $869 every year so compare rates every year to help ensure money is not being wasted.

Buy Cheaper Insurance with These Tips

Many different elements are considered when you get a price on insurance. Some are obvious such as your driving history, although some other factors are not as apparent such as your marital status or your financial responsibility.

The list below includes most of the major factors used by your company to calculate premiums.

High credit scores save money – Having a good credit rating can be an important factor in your rate calculation. People with excellent credit scores tend to be less risk to insure as compared to drivers with lower credit ratings. So if your credit could use some work, you could save money insuring your Audi S5 by improving your rating.

Avoid insurance lapses – Letting your insurance expire is a sure-fire way to increase your rates. Not only will you pay higher rates, failure to provide proof of insurance can result in a license revocation or jail time.

Your car’s features help determine rates – Owning a car with an alarm system can help lower your premiums. Theft deterrent systems such as OnStar, LoJack tracking, and tamper alarms all help stop car theft and help bring rates down.

Use one insurance company and save – Lots of companies allow a discount for people who have multiple policies with them. It’s known as a multi-policy discount. Even if you qualify for this discount already, you still need to compare Audi S5 rates in Las Vegas to confirm you are receiving the best rates possible. It’s possible to still find lower rates by insuring with multiple companies.

Prices go up with performance – The performance level of the vehicle you need to insure makes a huge difference in your auto insurance rates. The lowest rates are usually found on smaller low performance passenger cars, but the final cost of insurance is determined by many other factors.

The following data uses these variables: single female driver age 30, full coverage with $100 deductibles, and no discounts or violations. It shows Audi S5 car insurance rates compared to other models that have a range of performance risks.

Don’t abuse insurance claims – Insurance companies in Nevada provide the best rates to policyholders who are claim-free. If you file claims often, you can expect either policy cancellation or increased premiums. Auto insurance is designed for the large, substantial claims.

Loss probability for an Audi S5 – Insurers use historical loss data to calculate a rate that offsets possible losses. Vehicles that have a trend towards higher claim severity or frequency will cost more for specific coverages. The table shown below demonstrates the collected loss data for Audi S5 vehicles.

For each type of coverage, the statistical loss for all vehicles, as a total average, is represented as 100. Percentage numbers below 100 are indicative of better than average losses, while numbers that are greater than 100 point to more losses or an increased chance of larger losses than average.

Audi S5 Insurance Claim Statistics
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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Best car insurance company in Las Vegas

Ending up with the best car insurance provider can be a challenge considering how many different companies sell coverage in Las Vegas. The ranking information in the lists below can help you select which insurers to look at comparing rates from.

Top 10 Las Vegas Car Insurance Companies Overall

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Titan Insurance
  9. Progressive
  10. Mercury Insurance

A conclusion for your auto insurance search

Affordable Audi S5 insurance in Las Vegas is attainable both online in addition to local insurance agencies, so you should compare both in order to have the best chance of saving money. There are still a few companies who do not provide online quoting and many times these small, regional companies prefer to sell through local independent agents.

When getting Las Vegas auto insurance quotes online, do not skimp on critical coverages to save a buck or two. There are too many instances where someone dropped liability limits or collision coverage and found out when filing a claim they didn’t purchase enough coverage. Your focus should be to purchase a proper amount of coverage at an affordable rate, but don’t skip important coverages to save money.

You just read quite a bit of information on how to shop for Audi S5 insurance online. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding affordable Audi S5 insurance quotes. Consumers could even find that the lowest priced auto insurance comes from a smaller regional carrier. Some small companies may only write in your state and offer lower prices than their larger competitors like Allstate and Progressive.

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