Unbelievable but true, a large majority of drivers have stayed with the same insurance company for a minimum of four years, and almost half have never shopped around. Most drivers in Massachusetts could save $590 every year by just comparing rate quotes, but they feel it’s too difficult to go online and compare rates.
The best way to get budget auto insurance rates in Boston is to compare prices once a year from insurance carriers in Massachusetts.
- First, try to learn a little about what is in your policy and the modifications you can make to lower rates. Many factors that cause high rates like speeding tickets, accidents and a low credit score can be amended by making small lifestyle or driving habit changes.
- Second, request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from one company like Progressive and State Farm, while independent agents can quote prices for a wide range of companies. View companies
- Third, compare the new rate quotes to your current policy to see if you can save by switching companies. If you find a lower rate, verify that coverage does not lapse between policies.
- Fourth, tell your current company to cancel your current car insurance policy and submit a completed application and payment to your new agent or company. When you receive it, keep the new certificate of insurance in your glove compartment.
One tip to remember is that you’ll want to make sure you compare the same deductibles and limits on every price quote and and to get price estimates from as many auto insurance providers as possible. Doing this helps ensure a level playing field and the best rate selection.
It’s important to know that quoting more will improve the odds of getting a lower rate. Some insurance companies are not set up to provide Boston S5 insurance quotes over the internet, so it’s recommended that you also compare quotes from them as well.
The companies in the list below offer price comparisons in Boston, MA. If you want the best cheap car insurance in MA, we recommend you click on several of them to get the lowest price.
Coverage analysis
The coverage information displayed next covers different insurance prices for Audi S5 models. Having knowledge of how insurance policy premiums are established can help customers make smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S5 4.2 Quattro 2-Dr Coupe | $250 | $590 | $378 | $22 | $114 | $1,354 | $113 |
| S5 4.2 Quattro 2-Dr Coupe | $250 | $590 | $378 | $22 | $114 | $1,354 | $113 |
| S5 3.0 Quattro 2-Dr Convertible | $250 | $528 | $378 | $22 | $114 | $1,292 | $108 |
| S5 4.2 Quattro 2-Dr Coupe | $250 | $650 | $378 | $22 | $114 | $1,414 | $118 |
| S5 4.2 Quattro 2-Dr Coupe | $250 | $650 | $378 | $22 | $114 | $1,414 | $118 |
| S5 3.0 Quattro 2-Dr Convertible | $274 | $590 | $378 | $22 | $114 | $1,378 | $115 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Premium costs do not factor in your specific Boston location which can raise or lower insurance rates significantly.
Insurance rate increases from tickets or accidents
The chart below illustrates how speeding tickets and at-fault collisions can impact Audi S5 auto insurance rates for each age group. Data assumes a single male driver, full coverage, $500 deductibles, and no discounts are taken into consideration.
Why you need insurance for your S5
Despite the high cost, car insurance may be required for several reasons.
- Almost all states have mandatory liability insurance requirements which means state laws require a specific level of liability coverage if you don’t want to risk a ticket. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your Audi has a loan, it’s guaranteed your bank will require you to carry insurance to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Audi at a much higher premium rate and force you to pay a much higher amount than you were paying before.
- Car insurance protects both your Audi and your assets. It also can pay for many types of medical costs that are the result of an accident. Liability coverage, the one required by state law, will also pay to defend you if you are sued as the result of an accident. If your Audi gets damaged, comprehensive and collision coverage will cover the repair costs.
The benefits of buying enough insurance more than cancel out the cost, particularly if you ever have a claim. An average driver in America overpays as much as $855 a year so you should quote your policy with other companies at every renewal to make sure the price is not too high.
The Audi S5 Insurance Cost Equation
When buying auto insurance it’s important to understand some of the factors that go into determining your policy premiums. If you have a feel for what impacts premium levels, this empowers consumers to make smart changes that could result in lower rates. Many factors are used when you get your auto insurance bill. Some are obvious like an MVR report, although some other factors are less obvious like your vehicle usage or your vehicle rating.
Listed below are some of the things used by your company to calculate your rates.
- Higher comp and collision deductibles are cheaper – Comprehensive and collision coverage deductibles represent how much money you are required to pay in the event of a claim. Protection for physical damage, also known as collision and other-than-collision, insures against damage to your car. A few examples of covered claims would be rear-ending another vehicle, hail damage, or theft of your vehicle. The larger the amount you are required to pay out-of-pocket, the less money you will pay for auto insurance.
- Car features impact premiums – Owning a car that has a built-in theft deterrent system can earn a premium discount. Anti-theft features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent car theft.
- Never let your auto insurance policy lapse – Allowing your coverage to lapse is a sure-fire way to increase your rates. Not only will rates go up, being ticketed for driving with no insurance may earn you a fine, jail time, or a revoked license.
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Battle of the sexes – Statistics have proven women are more cautious behind the wheel. That doesn’t necessarily mean that women are better drivers. Both genders cause at-fault accidents in similar percentages, but guys get into accidents with more damage. Men also get more serious tickets such as DWI and reckless driving. Young men ages 16 to 20 tend to get in the most accidents and therefore pay the highest rates.
The diagram below shows the comparison of Audi S5 annual premium costs for male and female drivers. The data is based on no tickets, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are applied.
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Insurance loss probability for an Audi S5 – Auto insurance companies analyze claim trends for every vehicle when setting premium prices. Models that historically have a trend towards higher claims will have higher rates for specific coverages.
The next table illustrates the compiled insurance loss statistics for Audi S5 vehicles. For each coverage category, the claim amount for all vehicles, without regard to make or model, is set at 100. Numbers below 100 are indicative of better than average losses, while numbers above 100 indicate more frequent claims or an increased likelihood of larger losses.
Audi S5 Insurance Claim 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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When do I need an agent’s advice?
When it comes to buying the right insurance coverage for your personal vehicles, there really is no “best” method to buy coverage. Your needs are unique to you.
For example, these questions may help highlight if your insurance needs could use an agent’s help.
- Does rental coverage apply when I am renting a car?
- Should I pay a claim out-of-pocket?
- Does my insurance cover a custom paint job?
- What are the best liability limits?
- Can I drive in Mexico and have coverage?
- How can I get the company to pay a claim?
- Do I benefit by insuring my home with the same company?
- Does my policy cover my teen driver if they drive my company car?
- What if I don’t agree with a claim settlement offer?
- Am I covered when driving someone else’s vehicle?
If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form.
Shop smart and save
Drivers switch companies for any number of reasons including delays in responding to claim requests, being labeled a high risk driver, an unsatisfactory settlement offer or not issuing a premium refund. No matter why you want to switch, finding a new company is not as difficult as it may seem.
We’ve covered many ideas to find lower-cost Audi S5 insurance in Boston. The key thing to remember is the more price quotes you have, the better your chances of lowering your prices. You may even discover the lowest priced car insurance comes from a company that doesn’t do a lot of advertising.
When shopping online for car insurance, don’t be tempted to buy poor coverage just to save money. In too many instances, someone dropped liability limits or collision coverage only to find out that it was a big error on their part. The aim is to find the BEST coverage at the best possible price.
Other articles
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Who Has Cheap Boston Car Insurance Rates for Retired Military? (FAQ)
- Safety Features for Your New Car (State Farm)
- What is Gap Insurance? (Insurance Information Institute)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- Car Insurance: When not to Skimp (BankRate.com)