Having to pay for expensive car insurance in Santa Ana can take a big chunk out of your checking account and possibly require postponing other expenditures.
Unfortunately, the vast majority of consumers kept their coverage with the same car insurance company for more than four years, and about 40% of consumers have never even shopped around for lower-cost coverage. California drivers could pocket almost 35% a year, but they won't spend time to save money by comparing rate quotes.
How to find low-cost rates for Audi S5 insurance in Santa Ana
If your goal is the lowest price, then the best way to find discount car insurance rates in Santa Ana is to start doing an annual price comparison from providers in California. Prices can be compared by following these steps.
- Get a basic knowledge of how insurance companies determine prices and the steps you can take to lower rates. Many rating criteria that result in higher prices like traffic citations and a not-so-good credit history can be remedied by making minor changes to your lifestyle. Later in this article we will cover additional ideas to get low prices and find possible discounts that are available.
- Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or Allstate, while independent agencies can provide rate quotes for many different companies.
- Compare the new rate quotes to your current policy to see if cheaper S5 coverage is available. If you find a better price and make a switch, ensure coverage does not lapse between policies.
- Give notification to your current company to cancel your current car insurance policy and submit the application along with any required down payment to the new insurer. Immediately upon receiving it, store the proof of insurance certificate with your vehicle's registration.
The key aspect of shopping around is to make sure you enter the same level of coverage on each quote and and to look at as many companies as possible. This guarantees a fair price comparison and a good representation of prices.
Insurance companies such as State Farm, Progressive and GEICO continually hit you with advertising and it is difficult to ignore the flashy ads and take the time to shop coverage around.
It's a good habit to take a look at other company's rates every six months because prices change frequently. If you had the lowest price on Audi S5 insurance in Santa Ana two years ago you can probably find a better rate now. Forget all the misinformation about car insurance because I'm going to let you in on the secrets to the best way to find better coverage on Audi S5 insurance in Santa Ana at a better price.
How to buy Santa Ana Audi S5 insurance online
When comparison shopping, comparing all the rates in your area helps you find the best offered rates. Not every company does online Santa Ana S5 insurance quotes, so you also need to get price quotes from them as well.
The companies shown below are ready to provide free quotes in Santa Ana, CA. If multiple companies are shown, we suggest you get rate quotes from several of them in order to get a fair rate comparison.
Statistics and details
The rate information shown next highlights a range of insurance premium costs for Audi S5 models. Having a better idea how car insurance premiums are determined is important for you to make informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $458 | $966 | $450 | $26 | $134 | $2,034 | $170 |
| S5 4.2 Quattro 2-Dr Coupe | $458 | $966 | $450 | $26 | $134 | $2,034 | $170 |
| S5 3.0 Quattro 2-Dr Convertible | $458 | $866 | $450 | $26 | $134 | $1,934 | $161 |
| S5 4.2 Quattro 2-Dr Coupe | $458 | $1066 | $450 | $26 | $134 | $2,134 | $178 |
| S5 4.2 Quattro 2-Dr Coupe | $458 | $1066 | $450 | $26 | $134 | $2,134 | $178 |
| S5 3.0 Quattro 2-Dr Convertible | $502 | $966 | $450 | $26 | $134 | $2,078 | $173 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Price estimates do not factor in specific Santa Ana garaging location which can modify premiums significantly.
Comparison of policy deductibles
One common question asked by Santa Ana drivers is what deductibles to buy. The premium rates below illustrate the price difference when you buy lower versus higher coverage deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $528 | $1176 | $442 | $26 | $132 | $2,329 | $194 |
| S5 4.2 Quattro 2-Dr Coupe | $528 | $1176 | $442 | $26 | $132 | $2,329 | $194 |
| S5 3.0 Quattro 2-Dr Convertible | $528 | $1054 | $442 | $26 | $132 | $2,207 | $184 |
| S5 4.2 Quattro 2-Dr Coupe | $528 | $1298 | $442 | $26 | $132 | $2,451 | $204 |
| S5 4.2 Quattro 2-Dr Coupe | $528 | $1298 | $442 | $26 | $132 | $2,451 | $204 |
| S5 3.0 Quattro 2-Dr Convertible | $576 | $1176 | $442 | $26 | $132 | $2,377 | $198 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $384 | $794 | $442 | $26 | $132 | $1,778 | $148 |
| S5 4.2 Quattro 2-Dr Coupe | $384 | $794 | $442 | $26 | $132 | $1,778 | $148 |
| S5 3.0 Quattro 2-Dr Convertible | $384 | $712 | $442 | $26 | $132 | $1,696 | $141 |
| S5 4.2 Quattro 2-Dr Coupe | $384 | $878 | $442 | $26 | $132 | $1,862 | $155 |
| S5 4.2 Quattro 2-Dr Coupe | $384 | $878 | $442 | $26 | $132 | $1,862 | $155 |
| S5 3.0 Quattro 2-Dr Convertible | $420 | $794 | $442 | $26 | $132 | $1,814 | $151 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Premium costs do not factor in zip code location which can increase or decrease coverage prices substantially.
Based on these figures, using a $100 deductible costs about $46 more each month or $552 every year than opting for the higher $500 deductible. Since you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you average more than 9 months between claim filings, you would most likely save money if you choose a higher deductible.
Premiums by gender and age
The chart below shows the difference between Audi S5 car insurance costs for male and female drivers. The premiums assume no driving violations, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no other discounts are factored in.
Rate difference between full and liability-only coverage
The example below visualizes the comparison of Audi S5 auto insurance costs with full coverage and liability only. The premiums assume no claims or violations, $100 deductibles, drivers are not married, and no additional discounts are factored in.
Deciding between full coverage and liability only
There is no set guideline of when to drop comp and collision coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let's assume your Audi S5 settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $6,000 after paying your deductible. If it's costing in excess of $600 annually for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.
There are a few cases where buying only liability insurance is not recommended. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder's interest. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.
Car insurance just makes sense
Even though it can be expensive, paying for car insurance is required by state law in California and it also provides benefits you may not be aware of.
- Most states have minimum liability requirements which means you are required to buy a specific minimum amount of liability insurance if you want to drive legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your vehicle has a lienholder, it's most likely the lender will have a requirement that you buy full coverage to protect their interest in the vehicle. If you let the policy lapse, the bank will be required to insure your Audi for a lot more money and force you to pay the higher price.
- Car insurance preserves both your car and your personal assets. It will also provide coverage for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay attorney fees if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of buying car insurance outweigh the cost, especially with large liability claims. The average driver in California is wasting up to $700 annually so compare quotes from several companies at every renewal to ensure rates are competitive.
Insurance Premium Influencing Factors
Many things are taken into consideration when you quote your car insurance policy. A few of the factors are predictable like your driving record, although others are more transparent such as your credit history or how safe your car is. An important part of buying insurance is that you know some of the things that help determine your policy premiums. When you understand what positively or negatively impacts your premiums, this helps enable you to make changes that may result in better car insurance rates.
The itemized list below are some of the items used by companies to determine your premiums.
- Where you live plays a part - Having an address in small towns and rural areas can save you money when trying to find low car insurance rates. People in densely populated areas regularly have more traffic problems and much longer commute distances. Fewer drivers on the road means less chance of accidents in addition to fewer liability claims.
- Know your credit rating - Credit score is a big factor in determining premium rates. Drivers who have high credit ratings tend to file fewer claims than drivers who have lower ratings. If your credit score can be improved, you could be paying less to insure your Audi S5 if you clean up your credit.
- Car and home together may be cheaper - Most car insurance companies afford discounts to customers that buy multiple policies, otherwise known as a multi-policy discount. Discounts can add up to anywhere from five to ten percent in most cases. Even with this discount applied, it's always a smart idea to get quotes from other companies to help guarantee you have the best rates.There is a good possibility that you can save even more by buying insurance from more than one company.
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Good drivers pay less - Your driving record impacts premiums far more than you think. Good drivers get better prices than bad drivers. Just one driving citation can boost insurance rates by as much as twenty percent. Drivers with serious tickets such as reckless driving, hit and run or driving under the influence are required to maintain a SR-22 with their state motor vehicle department in order to legally drive.
The chart below shows how speeding tickets and at-fault collisions can impact Audi S5 insurance costs for different insured age categories. The data assumes a single female driver, comp and collision included, $250 deductibles, and no discounts are factored in.
- Insurance rates for married couples - Walking down the aisle can actually save you money on your car insurance policy. Having a significant other is viewed as being more financially stable and insurance companies like that married couples file fewer claims.
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Audi S5 insurance loss probability - Insurers use statistical claims data to help calculate a profitable premium rate. Models that are shown to have higher loss trends will have a higher premium rate. The data below shows the compiled insurance loss statistics for Audi S5 vehicles.
For each insurance policy coverage type, the claim amount for all vehicles averaged together is a value of 100. Values that are under 100 are indicative of better than average losses, while percentage values above 100 point to more frequent losses or statistically larger claims.
Audi S5 Insurance Loss Statistics Vehicle 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Auto insurance company ratings
Buying coverage from the best auto insurance provider can be difficult considering how many companies sell insurance in California. The ranking information in the lists below could help you analyze which coverage providers you want to consider purchasing coverage from.
Top 10 Santa Ana Car Insurance Companies by A.M. Best Rank
- USAA - A++
- Travelers - A++
- State Farm - A++
- GEICO - A++
- Esurance - A+
- Nationwide - A+
- Allstate - A+
- Mercury Insurance - A+
- Progressive - A+
- Titan Insurance - A+
Top 10 Santa Ana Car Insurance Companies Ranked by Claims Service
- AAA of Southern California
- State Farm
- Esurance
- AAA Insurance
- Progressive
- Liberty Mutual
- GEICO
- Allstate
- Titan Insurance
- The Hartford
Cheap car insurance rates are available
There are still a few companies who may not offer online quoting and usually these regional carriers work with local independent agents. Cost effective Audi S5 insurance can be purchased online and also from your neighborhood Santa Ana agents, and you should be comparing both to have the best chance of lowering rates.
When you buy Santa Ana auto insurance online, you should never reduce needed coverages to save money. There are many occasions where an insured cut collision coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. The goal is to get the best coverage possible at the best possible price, but do not skimp to save money.
In this article, we presented quite a bit of information on how to shop for Audi S5 insurance online. It's most important to understand that the more companies you get auto insurance rates for, the higher your chance of finding low cost Santa Ana auto insurance quotes. You may even discover the lowest priced car insurance comes from the least-expected company. Some small companies can often insure niche markets at a lower cost compared to the large companies like State Farm or Progressive.
How to find low-cost Audi S5 insurance in Santa Ana
If you want to save money, the best way to get low-cost car insurance rates is to start comparing prices yearly from insurers in Santa Ana.
First, take a few minutes and learn about car insurance and the factors you can control to prevent expensive coverage. Many rating factors that result in higher prices such as accidents, careless driving, and a poor credit rating can be controlled by improving your driving habits or financial responsibility.
Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like GEICO or Farmers Insurance, while agents who are independent can provide prices for a wide range of insurance providers.
Third, compare the new rates to the price on your current policy to see if switching to a new carrier will save money. If you find better rates, ensure there is no coverage lapse between policies.
Fourth, notify your agent or company of your decision to cancel your current auto insurance policy. Submit a down payment along with a completed application to your new carrier. As soon as you receive it, put the certificate of insurance along with the vehicle's registration papers.
The key thing to know about shopping around is to compare identical limits and deductibles on each quote request and and to get rate quotes from as many car insurance companies as possible. This provides a level playing field and a complete selection of prices.
More detailed car insurance information is located by following these links:
- All About Airbag Safety (State Farm)
- Who Has the Cheapest Auto Insurance Quotes for Electric Cars in Santa Ana? (FAQ)
- Who Has the Cheapest Santa Ana Car Insurance for Low Income Drivers? (FAQ)
- Who Has Cheap Auto Insurance for Infrequent Drivers in Santa Ana? (FAQ)
- Who Has Cheap Santa Ana Car Insurance Quotes for College Students? (FAQ)
- Who Has Cheap Car Insurance Rates for Drivers Over Age 60 in Santa Ana? (FAQ)
- Where can I buy Insurance? (Insurance Information Institute)
- Shopping for a Safe Car (Insurance Information Institute)
- Alcohol Impaired Driving FAQ (iihs.org)