Affordable Quotes for Audi S5 Insurance in Anchorage

How many years has it been since you compared cheaper Audi S5 insurance in Anchorage? Finding cheaper insurance for an Audi S5 in Alaska could be a lot of work, but you can use these tips to make it easier.

There is a better way to compare car insurance rates and we’ll show you the proper way to quote coverages for a Audi and get the best price possible from Anchorage insurance agents and online providers.

We don’t have to tell you that insurance companies want to keep your business as long as possible. Consumers who compare rates annually are very likely to buy a new policy because there are good odds of finding a policy with more affordable rates. A study discovered that consumers who regularly compared rates saved $850 each year compared to policyholders who never shopped around for cheaper prices.

If finding the lowest rates on auto insurance in Anchorage is your objective, knowing how to quote and compare insurance coverage can make it easier for you to save money.

Shopping around for the most affordable car insurance coverage in Anchorage is not as hard as you think. If you have a current car insurance policy or just want cheaper rates, take advantage of these tips to buy cheaper car insurance while maximizing coverage. Shoppers only need to know the fastest way to get comparison quotes on the web.

Discounts can help save money on Audi S5 insurance in Anchorage

Auto insurance can be pricey, but there could be available discounts to help offset the cost. Certain credits will be shown when you complete an application, but some discounts are required to be manually applied before they will apply.

• Online Discount – A few companies will provide an incentive just for signing your application online.
• Defensive Driving Course – Taking time to complete a safe driver class may get you a small discount depending on where you live.
• Multi-policy Discount – If you have multiple policies with the same company you will save approximately 10% to 15%.
• Renewal Discounts – Some companies give discounts for switching to them before your current coverage expires. It’s a savings of about 10%.
• Discounts for New Vehicles – Insuring a vehicle that is new may earn a small discount because new vehicles have to meet stringent safety requirements.
• Good Driver Discounts – Drivers who avoid accidents can save as much as half off their rates than less cautious drivers.

While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears you could get a free auto insurance policy, it’s just not the way it works. But all discounts will help lower your auto insurance premiums.

The information below shows the comparison of Audi S5 insurance premiums with and without policy discounts. The premiums assume a female driver, a clean driving record, no at-fault accidents, Alaska state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-car, safe-driver, multi-policy, and homeowner discounts applied.

Larger auto insurance companies and some of their more popular discounts are shown below.

• GEICO policyholders can earn discounts including anti-lock brakes, five-year accident-free, emergency military deployment, military active duty, and driver training.
• MetLife offers discounts including accident-free, multi-policy, defensive driver, good student, and good driver.
• Progressive discounts include continuous coverage, multi-vehicle, good student, online signing, and homeowner.
• Travelers offers premium reductions for good student, hybrid/electric vehicle, home ownership, multi-policy, driver training, early quote, and new car.
• SAFECO has savings for accident prevention training, bundle discounts, teen safe driver, multi-car, safe driver, and homeowner.
• AAA may include discounts for good driver, pay-in-full, anti-theft, AAA membership discount, education and occupation, and multi-policy.

When getting a coverage quote, ask all companies you are considering which discounts you qualify for. Some discounts listed above may not apply to policies in every state. To see a list of insurance companies with discount rates in Alaska, click here.

Many insurance companies allow you to get coverage price quotes on their websites. Obtaining pricing for Audi S5 insurance in Anchorage is pretty painless as you simply enter the amount of coverage you want into the quote form. Once entered, their rating system automatically orders information on your driving record and credit history and returns pricing information based on these factors.

The ability to get online price quotes for Audi S5 insurance in Anchorage simplifies rate comparisons, and it is imperative to do this in order to find cheap auto insurance pricing.

If you want to find out if lower rates are available, take a look at the companies shown below. To compare your current rates, we recommend you replicate your coverages as close as possible to your current policy. Doing this guarantees you will get a rate comparison based on the exact same insurance coverage.

The companies shown below are our best choices to provide comparison quotes in Alaska. To buy the best car insurance in Anchorage, we recommend you visit several of them to find the cheapest car insurance rates.

Coverage analysis

The table shown below highlights different insurance costs for Audi S5 models. Learning more about how insurance prices are formulated can be valuable when making smart choices when comparing insurance quotes.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate information does not factor in vehicle location which can revise rates substantially.

Policy deductibles

The hardest decision when buying coverage is where to set your physical damage deductibles. The rates shown below illustrate the differences in price of buying low and high physical damage coverage deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second set of prices uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Price information does not factor in your specific Anchorage location which can affect coverage prices substantially.

Based on the above data, using a $100 deductible will cost you roughly $43 more each month or $516 each year than opting for the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 21 months between claims, you would probably be better off if you choose a higher deductible. Here’s the way you can decide this on your own policy.

One important issue to know is that a higher deductible means you pay more out-of-pocket if you have a claim. That will necessitate some extra savings in order to pay the deductible.

The example below illustrates how choosing a deductible and can affect Audi S5 insurance premiums for each different age category. The premium estimates are based on a married male driver, full coverage, and no discounts are taken into consideration.

Cost difference between full coverage and liability

The information below shows the comparison of Audi S5 insurance costs with liability coverage only compared to full coverage. The data is based on no violations or claims, $100 deductibles, single status, and no discounts are factored in.

Guidelines for dropping full coverage

There is no definitive rule to delete full coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your Audi S5 claim settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $2,000 after paying the physical damage deductible. If it’s costing you more than $200 annually for full coverage, then it might be time to buy liability only.

There are a few cases where removing full coverage is not a good plan. If you still owe a portion of the original loan, you are required to maintain full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage in place.

How Car Insurance Companies Determine Audi S5 Insurance Premiums

Multiple criteria are used when pricing auto insurance. Some of the criteria are obvious like an MVR report, although some other factors are not as apparent such as whether you are married or your commute time.

Job stress can make you pay more – Did you know your career choice can influence rates? Occupations such as lawyers, executives, and accountants tend to have higher premiums than the average policyholder in part from intense work situations and extremely grueling work hours. Conversely, jobs like farmers, engineers and the unemployed get better rates.

Discounts for married drivers – Having a significant other may cut your premiums on your insurance policy. Having a significant other means you’re more mature and insurance companies reward insureds because married drivers tend to have fewer serious accidents.

Car and home together may be cheaper – The majority of companies will award a discount to policyholders that have more than one policy, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s still a good idea to shop around to help guarantee you have the best rates.

Are women or men drivers cheaper? – Over the last 30 years, statistics show women are more cautious behind the wheel. The data does not necessarily mean that men are WORSE drivers than women. Both sexes cause accidents at about the same rate, but men cause more damage and cost insurance companies more money. Not only are claims higher, but men get higher numbers of serious violations such as DWI and reckless driving.

The example below illustrates the difference between Audi S5 insurance prices for male and female drivers. Data assumes no claims or violations, comprehensive and collision coverage, $100 deductibles, single status, and no discounts are applied.

Type of car determines base rates – The performance of the vehicle you need to insure makes a significant difference in the rate you pay. Low performance passenger cars receive the most favorable rates, but other factors influence the final cost greatly.

The chart below is based on a married male driver age 20, full coverage with $100 deductibles, and no discounts or violations. It shows Audi S5 rates compared to other makes and models that have different performances.

Driving citations drive up costs – A bad driving record can have a huge impact on auto insurance premiums. Attentive drivers tend to pay less for car insurance compared to drivers with tickets. Only having one chargeable violation could increase your next policy renewal by twenty percent. Drivers who get license-revoking citations such as reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 form with the DMV in their state in order to continue driving.

The diagram below highlights how speeding tickets and at-fault collisions influence Audi S5 yearly insurance costs for different insured age categories. The costs are based on a single male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

Audi S5 claim data – Insurance companies analyze historical claim data to calculate a price that will offset losses. Vehicles that historically have higher loss trends will have a higher cost to insure. The table below outlines the insurance loss data used by companies for Audi S5 vehicles.

For each insurance policy coverage type, the claim amount for all vehicles, without regard to make or model, equals 100. Values under 100 suggest a better than average loss history, while numbers above 100 indicate more frequent claims or tendency to have larger claims.

Will just any policy work for me?

Keep in mind that when it comes to choosing your policy, there really is not a one-size-fits-all type of policy. Your needs are not the same as everyone else’s so this has to be addressed. For example, these questions may help highlight whether your personal situation will benefit from professional help.

• What is PIP insurance?
• Why are teen drivers so expensive to add on to my policy?
• Do I need an umbrella policy?
• What is GAP insurance?
• What does medical payments coverage do?
• When should I drop full coverage on my Audi S5?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and you can get the answers you need.

You may require the services of an insurance agent

Many drivers just prefer to sit down and talk to an agent and that is recommended in a lot of cases Good agents are trained to spot inefficiencies and help file insurance claims. An additional benefit of comparing insurance online is you may find lower car insurance rates and still have an agent to talk to. Buying insurance from neighborhood agents is important especially in Anchorage.

To help locate an agent, after submitting this simple form, your insurance data is transmitted to participating agents in Anchorage who will gladly provide quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to find an agent since price quotes are sent instantly to you. If you need to compare prices from a specific insurance provider, you can always navigate to their website and fill out their quote form.

If you prefer to buy insurance from an insurance agent, it can be helpful to understand the different types of agents and how they differ in how they quote coverages. Insurance agencies may be either exclusive or independent. Either type can sell affordable insurance policies, but it’s worth learning how they are different since it could factor into the selection process.

Independent Agencies or Brokers

Agents of this type are not employed by one company so they can write business with multiple insurance companies and find the cheapest insurance rates. If you want to switch companies, your policy is moved internally and you can keep the same agent.

If you are comparing rate quotes, we recommend you check rates from at least one independent agent for the best price selection. Most also have access to companies that do not advertise much which may provide better rates.

Below are Anchorage independent insurance agents that may be able to provide price quote information.

• Dewar Insurance Agency
  205 E Benson Blvd – Anchorage, AK 99503 – (907) 258-8888 – View Map
• Horace Mann Insurance Co
  7926 Old Seward Hwy – Anchorage, AK 99518 – (907) 561-1393 – View Map
• Alaska Service Agency
  6901 Debarr Road #201 – Anchorage, AK 99504 – (907) 337-2311 – View Map

More Anchorage agents

Exclusive Insurance Agencies

Exclusive insurance agents have only one company to place business with and some examples include Farmers Insurance or State Farm. They are unable to provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive agents are well trained on sales techniques which helps them sell insurance even at higher premiums. Consumers frequently use the same agent mainly due to the brand rather than low price.

Shown below are Anchorage exclusive insurance agents who can help you get price quotes.

• Allstate Insurance: Kelly L. Snodgrass
  9900 Old Seward Hwy #5 – Anchorage, AK 99515 – (907) 346-4006 – View Map
• Dave Strike – State Farm Insurance Agent
  2213 E Tudor Rd #54 – Anchorage, AK 99507 – (907) 562-2721 – View Map
• Allstate Insurance: M. Diane Johnson
  4045 Lake Otis Pkwy Ste 206 – Anchorage, AK 99508 – (907) 569-6900 – View Map

More Anchorage agents

Picking a insurance agency requires more thought than just a cheap price. Ask your prospective agent these questions:

• Is coverage determined by price?
• How are claims handled?
• Can they help ensure a fair claim settlement?
• Are there any hidden costs in their price quote and does it include driving and credit history?
• Are they actively involved in the community?

Insurance does more than just repair your car

Even though it’s not necessarily cheap to insure an Audi in Anchorage, insurance may be required for several reasons.

• Most states have compulsory liability insurance requirements which means state laws require a minimum amount of liability protection if you drive a vehicle. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you bought your S5 with a loan, almost all lenders will require that you buy insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may insure your Audi for a much higher rate and force you to reimburse them for the expensive policy.
• Insurance safeguards both your Audi S5 and your personal assets. It will also provide coverage for all forms of medical expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to repair the damage.

The benefits of having insurance outweigh the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer overpays more than $825 a year so it’s recommended you shop around every year to make sure the price is not too high.

Car insurance savings summarized

We just covered a lot of tips how to reduce Audi S5 insurance prices online in Anchorage. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers may even find the best price on car insurance is with a small mutual company. Regional companies can often insure niche markets at a lower cost compared to the large companies like Progressive or GEICO.

When buying insurance coverage, make sure you don’t buy less coverage just to save a little money. There are a lot of situations where someone dropped liability limits or collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase plenty of coverage at a price you can afford, but don’t skip important coverages to save money.

How to buy low-cost Audi S5 insurance in Anchorage

To save the most money, the best way to get low-cost Audi S5 insurance is to do an annual price comparison from insurance carriers in Anchorage.

First, read and learn about the coverage provided by your policy and the factors you can control to keep rates down. Many things that drive up the price such as accidents, traffic tickets, and poor credit can be amended by making lifestyle changes or driving safer.

Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like Progressive and State Farm, while independent agents can quote prices from many different companies.

Third, compare the new rates to the price on your current policy to see if you can save by switching companies. If you can save some money and make a switch, make sure there is no coverage gap between policies.

Fourth, provide adequate notice to your current company to cancel your current policy and submit a completed application and payment to the new insurer. When you receive it, put the certificate of insurance in a readily accessible location in your vehicle.

A good tip to remember is to compare the same physical damage deductibles and liability limits on every price quote and and to get price quotes from as many companies as you can. This provides the most accurate price comparison and the most accurate and complete price analysis.

For more information, take a look at these articles:

• Vehicle Insurance (Wikipedia)
• How Much is Auto Insurance for Teachers in Anchorage? (FAQ)
• How Much is Anchorage Auto Insurance for a Hyundai Elantra? (FAQ)
• Auto Theft Statistics (Insurance Information Institute)
• Preventing Carjacking and Theft (Insurance Information Institute)
• Prom Night Tips for Teen Drivers (State Farm)
• Smart Auto Insurance Tips (Insurance Information Institute)