If you want to find the absolute lowest rates, then the best way to save on car insurance rates in Charlotte is to compare quotes once a year from different companies in North Carolina. Prices can be compared by completing these steps.
First, read and learn about how companies price auto insurance and the steps you can take to prevent high rates. Many rating criteria that increase rates such as traffic violations and an unfavorable credit rating can be improved by improving your driving habits or financial responsibility.
Second, request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive or State Farm, while agents who are independent can give you price quotes for a wide range of companies.
Third, compare the new rate quotes to your existing policy and see if there is a cheaper rate in Charlotte. If you find better rates, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide proper notification to your current company of your decision to cancel your current policy and submit the completed application along with a down payment to the new insurer. Be sure to safely store the certificate of insurance in your vehicle’s glove compartment or console.
The key aspect of shopping around is that you’ll want to make sure you compare the same level of coverage on each price quote and and to get price estimates from as many companies as you can. This ensures a level playing field and a complete selection of prices.
It’s hard to fathom, but a large majority of drivers kept their coverage with the same auto insurance company for at least the last four years, and approximately 40% of consumers have never even compared rates from other companies. American consumers could save $860 every year just by getting comparison quotes, but they don’t understand how simple it is to compare rates.
If you have a current insurance policy, you stand a good chance to be able to reduce the price you pay using these techniques. Quoting and comparing the best-priced coverage in Charlotte is quite easy. But North Carolina vehicle owners should learn the way companies determine premium rates and use it to find better rates.
The quickest way to compare policy rates for Audi S5 insurance in Charlotte is to know the trick most insurance companies have advanced systems to provide you with a free rate quote. All you need to do is give them some information like if a SR-22 is needed, the year, make and model of vehicles, if it has an anti-theft system, and how much school you completed. The rating information gets transmitted to multiple top-rated companies and they provide comparison quotes with very little delay.
To compare multiple company affordable Audi S5 insurance rates now, click here and see if a lower rate is available in Charlotte.
The following companies have been selected to offer price comparisons in Charlotte, NC. To get cheaper auto insurance in NC, we suggest you visit two to three different companies to get the most affordable price.
Three reasons to insure your S5
Despite the high cost, insurance is most likely required but also gives you several important benefits.
- Just about all states have compulsory liability insurance requirements which means state laws require a minimum amount of liability in order to get the vehicle licensed. 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 your Audi has a loan, most banks will make it mandatory that you have comprehensive coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the bank may insure your Audi at a significantly higher premium and force you to pay a much higher amount than you were paying before.
- Insurance safeguards not only your Audi S5 but also your assets. Insurance will also pay for medical transport and hospital expenses incurred in an accident. One policy coverage, liability insurance, also covers legal expenses if you are sued as the result of an accident. If your car is damaged in a storm or accident, your policy will pay all costs to repair after the deductible has been paid.
The benefits of having insurance definitely exceed the price paid, specifically if you ever have a liability claim. According to a recent study, the average American driver overpays more than $810 a year so you should quote rates once a year at a minimum to save money.
Facts and figures for Audi S5 insurance
The coverage table shown next highlights different rate quotes for Audi S5 models. Learning how rate quotes are figured can be useful when making decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $298 | $662 | $250 | $14 | $74 | $1,298 | $108 |
| S5 4.2 Quattro 2-Dr Coupe | $298 | $662 | $250 | $14 | $74 | $1,298 | $108 |
| S5 3.0 Quattro 2-Dr Convertible | $298 | $594 | $250 | $14 | $74 | $1,230 | $103 |
| S5 4.2 Quattro 2-Dr Coupe | $298 | $732 | $250 | $14 | $74 | $1,368 | $114 |
| S5 4.2 Quattro 2-Dr Coupe | $298 | $732 | $250 | $14 | $74 | $1,368 | $114 |
| S5 3.0 Quattro 2-Dr Convertible | $324 | $662 | $250 | $14 | $74 | $1,324 | $110 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in vehicle garaging location which can affect price quotes considerably.
How high should deductibles be?
One frequently asked question is how high should your deductibles be. The following insurance rates highlight the price difference between low and high deductibles. The first table uses a $250 deductible and the second rate chart 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 | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Table data does not factor in specific location information which can influence prices significantly.
We can estimate from the data above that using a $250 deductible will cost you approximately $28 more each month or $336 each year than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 27 months between claim filings, you would save more money by selecting a higher deductible.
How accidents and violations affect rates in Charlotte
The chart below illustrates how speeding tickets and fender-benders can affect Audi S5 car insurance rates for different age groups. The data is based on a married male driver, full coverage, $100 deductibles, and no other discounts are factored in.
Does full coverage make sense?
The example below illustrates the comparison of Audi S5 auto insurance rates with full physical damage coverage and with liability coverage only. Data assumes a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.
When to drop full coverage
There is no written rule of when to stop paying for physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your Audi S5 claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after the policy deductible has been paid. If premiums are more than $500 a year to have full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where eliminating full coverage is not recommended. If you haven’t paid off your loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.
Save money on Audi S5 insurance in Charlotte with these discounts
Not many people think insurance is cheap, but there could be available discounts that you may not know about. Some discounts will apply when you purchase, but less common discounts must be asked about before they will apply. If you don’t get every credit you deserve, you could be getting lower rates.
- Waiver for an Accident – Not necessarily a discount, but companies like Allstate and GEICO will forgive one accident without raising rates if you are claim-free prior to being involved in the accident.
- Early Signing – A few auto insurance companies give discounts for switching policies early. It’s a savings of about 10%.
- Onboard Data Collection – Drivers that enable companies to look at when and where they use their vehicle by using a telematic data system such as Progressive’s Snapshot could possibly reduce rates if they exhibit good driving behavior.
- Service Members Pay Less – Having a deployed family member could mean lower premium rates.
- Safety Course Discount – Participating in a defensive driver course may get you a small discount if your company offers it.
- Club Memberships – Joining a qualifying organization can get you a small discount on your next auto insurance statement.
Drivers should understand that most credits do not apply to the whole policy. Most cut the cost of specific coverages such as collision or personal injury protection. Just because it seems like you can get free auto insurance, companies don’t profit that way. But any discount will definitely reduce the amount you pay for coverage.
The illustration below compares Audi S5 annual premium costs with and without discounts applied to the policy premium. The rates are based on a male driver, no violations or accidents, North Carolina state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, claim-free, marriage, homeowner, and multi-policy discounts applied.
If you would like to choose from a list of insurance companies that have a full spectrum of discounts in Charlotte, click here.
Can’t I compare rate quotes from local Charlotte auto insurance agents?
Many drivers just prefer to buy from a local agent and that is just fine! One of the benefits of comparing insurance online is you may find the best rates but still work with a licensed agent.
Once you complete this short form, the coverage information is instantly submitted to participating agents in Charlotte who will give you quotes to get your business. You don’t have to leave your computer since rate quotes are delivered immediately to you. You can find better rates without requiring a lot of work. If you have a need to get a price quote from one company in particular, you can always jump over to their website and fill out their quote form.
Finding a good insurer is decision based upon more than just the premium amount. You should also get answers to these questions.
- How does the company pay claims for a total loss?
- Does the agent have a valid license to sell insurance in North Carolina?
- Is working in the agency their full-time job?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- How long has their agency been in business in Charlotte?
The different types of auto insurance agents
If you are searching for a reliable insurance agency, you must know there are a couple different types of agencies from which to choose. Agencies in Charlotte are classified as either exclusive or independent (non-exclusive).
Exclusive Insurance Agencies
These type of agents work for only one company such as Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot provide prices from multiple companies so they really need to provide good service. Exclusive agents receive a lot of sales training on their company’s products which helps them sell insurance even at higher premiums. Some consumers prefer to purchase coverage from exclusives partially due to loyalty to the company rather than low price.
Listed below are exclusive agents in Charlotte that are able to give price quote information.
- Daniela Hernandez – State Farm Insurance Agent
5811 Fairview Rd Ste 102 – Charlotte, NC 28209 – (704) 733-9022 – View Map - George Pettice – State Farm Insurance Agent
820 Tyvola Rd #103 – Charlotte, NC 28217 – (704) 523-1717 – View Map - Michael Grant – State Farm Insurance Agent
1727 East Blvd – Charlotte, NC 28203 – (704) 373-7444 – View Map
Independent Agents (or Brokers)
Agents that elect to be independent do not have single company limitations and that enables them to quote your coverage through lots of different companies and potentially find a lower price. If they find a cheaper price, they can switch companies in-house which requires no work on your part. If you are trying to find cheaper rates, we highly recommend that you compare quotes from several independent insurance agents to have the best price comparison. They often place coverage with additional companies that you may not be familiar with which could offer lower prices.
Shown below are independent agents in Charlotte that can give you rate quotes.
- Nationwide Insurance: Ed Cantey Insurance Agency Inc
5534 Albemarle Rd Ste 105 – Charlotte, NC 28212 – (704) 563-7777 – View Map - The Tillman Agency – Nationwide Insurance
8440 Rea Rd STE P – Charlotte, NC 28277 – (704) 960-1860 – View Map - Honeycutt Insurance Agency
3121 Springbank Ln F – Charlotte, NC 28226 – (704) 752-8233 – View Map
Once you have received good feedback to any questions you have and an affordable coverage quote, you may have just found a car insurance agent that can be trusted to service your policy. But keep in mind it’s your policy and you can terminate coverage whenever you choose to so never assume that you are permanently stuck with any particular company indefinitely.
Auto insurance savings summarized
We just presented a lot of techniques to find cheaper Audi S5 insurance in Charlotte. The most important thing to understand is the more rate quotes you have, the better likelihood of getting low cost Charlotte car insurance quotes. You may even discover the lowest priced auto insurance comes from some of the lesser-known companies.
Lower-priced Audi S5 insurance in Charlotte can be sourced on the web in addition to local insurance agencies, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers do not offer online rate quotes and these smaller providers sell through independent insurance agents.
Insureds leave their current company for a number of reasons such as poor customer service, lack of trust in their agent, delays in paying claims and high rates after DUI convictions. No matter why you want to switch, switching auto insurance companies is actually quite simple.
Helpful articles
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- Who Has Cheap Auto Insurance Rates for Drivers with Good Credit in Charlotte? (FAQ)
- Who Has Cheap Car Insurance for High School Students in Charlotte? (FAQ)
- Who Has Cheap Auto Insurance for a Honda Accord in Charlotte? (FAQ)
- Who Has Cheap Auto Insurance for Drivers with Bad Credit in Charlotte? (FAQ)
- Car Insurance: When not to Skimp (BankRate.com)
- Auto Insurance for Teen Drivers (Insurance Information Institute)