I doubt anyone anticipates paying for car insurance, especially when they are aware that the cost is too high.
Unimaginable but true, a large majority of consumers kept their policy with the same company for four years or more, and almost half have never even compared rates from other companies. Consumers in Colorado can save as much as 35% each year just by shopping around, but they underestimate the big savings they would realize if they replace their high priced policy. Drivers have so many insurers to choose from, and although it’s a good thing to be able to choose, it makes it harder to find the best rates for Audi A5 insurance in Colorado Springs.
It’s important to take a look at other company’s rates occasionally since insurance prices are constantly changing. Just because you found the best rates on Audi A5 insurance in Colorado Springs two years ago a different company probably has better rate quotes today. You can find a lot of misleading information regarding A5 insurance online but in just a couple of minutes you can learn some guaranteed methods to find affordable car insurance in Colorado Springs.
Locating the most cost-effective auto insurance policy in Colorado Springs is actually not that difficult if you follow our advice. If you are already insured or need new coverage, you can follow these tips to find the best rates without reducing coverage. Comparison shoppers just need to understand the most efficient way to shop on the web.
Best companies for Audi A5 insurance
The companies shown below provide comparison quotes in Colorado. If multiple companies are listed, we suggest you visit two to three different companies in order to find the most competitive rates.
Statistics and details
The table displayed below showcases a range of rate quotes for Audi A5 models. Learning how auto insurance premiums are formulated helps drivers make smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A5 2.0T Quattro Premium 2-Dr Coupe | $266 | $566 | $388 | $22 | $116 | $1,358 | $113 |
| A5 2.0T Quattro Premium Plus 2-Dr Coupe | $266 | $566 | $388 | $22 | $116 | $1,358 | $113 |
| A5 3.2 Quattro Prestige 2-Dr Coupe | $266 | $640 | $388 | $22 | $116 | $1,432 | $119 |
| A5 3.2 Quattro Premium Plus 2-Dr Coupe | $266 | $640 | $388 | $22 | $116 | $1,432 | $119 |
| A5 2.0T Quattro Prestige 2-Dr Coupe | $266 | $640 | $388 | $22 | $116 | $1,432 | $119 |
| A5 2.0T Premium 2-Dr Convertible | $266 | $640 | $456 | $28 | $136 | $1,526 | $127 |
| A5 2.0T Premium Plus 2-Dr Convertible | $266 | $640 | $456 | $28 | $136 | $1,526 | $127 |
| A5 2.0T Quattro Prestige S-Line 2-Dr Coupe | $294 | $640 | $388 | $22 | $116 | $1,460 | $122 |
| A5 2.0T Prestige S-Line 2-Dr Convertible | $294 | $640 | $456 | $28 | $136 | $1,554 | $130 |
| A5 2.0T Prestige 2-Dr Convertible | $294 | $640 | $456 | $28 | $136 | $1,554 | $130 |
| A5 3.2 Quattro Prestige S-Line 2-Dr Coupe | $294 | $714 | $388 | $22 | $116 | $1,534 | $128 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Prices do not factor in specific Colorado Springs garaging location which can affect auto insurance rates noticeably.
Choosing deductibles
When buying insurance, a common question is how high or low should comp and collision deductibles be. The comparisons below illustrate the rate difference between high and low physical damage coverage deductibles. The first data table uses a $100 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A5 2.0T Quattro Premium 2-Dr Coupe | $380 | $740 | $298 | $18 | $90 | $1,551 | $129 |
| A5 2.0T Quattro Premium Plus 2-Dr Coupe | $380 | $740 | $298 | $18 | $90 | $1,551 | $129 |
| A5 3.2 Quattro Prestige 2-Dr Coupe | $380 | $838 | $298 | $18 | $90 | $1,649 | $137 |
| A5 3.2 Quattro Premium Plus 2-Dr Coupe | $380 | $838 | $298 | $18 | $90 | $1,649 | $137 |
| A5 2.0T Quattro Prestige 2-Dr Coupe | $380 | $838 | $298 | $18 | $90 | $1,649 | $137 |
| A5 2.0T Premium 2-Dr Convertible | $380 | $838 | $352 | $20 | $106 | $1,721 | $143 |
| A5 2.0T Premium Plus 2-Dr Convertible | $380 | $838 | $352 | $20 | $106 | $1,721 | $143 |
| A5 2.0T Quattro Prestige S-Line 2-Dr Coupe | $420 | $838 | $298 | $18 | $90 | $1,689 | $141 |
| A5 2.0T Prestige S-Line 2-Dr Convertible | $420 | $838 | $352 | $20 | $106 | $1,761 | $147 |
| A5 2.0T Prestige 2-Dr Convertible | $420 | $838 | $352 | $20 | $106 | $1,761 | $147 |
| A5 3.2 Quattro Prestige S-Line 2-Dr Coupe | $420 | $936 | $298 | $18 | $90 | $1,787 | $149 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A5 2.0T Quattro Premium 2-Dr Coupe | $210 | $390 | $298 | $18 | $90 | $1,006 | $84 |
| A5 2.0T Quattro Premium Plus 2-Dr Coupe | $210 | $390 | $298 | $18 | $90 | $1,006 | $84 |
| A5 3.2 Quattro Prestige 2-Dr Coupe | $210 | $442 | $298 | $18 | $90 | $1,058 | $88 |
| A5 3.2 Quattro Premium Plus 2-Dr Coupe | $210 | $442 | $298 | $18 | $90 | $1,058 | $88 |
| A5 2.0T Quattro Prestige 2-Dr Coupe | $210 | $442 | $298 | $18 | $90 | $1,058 | $88 |
| A5 2.0T Premium 2-Dr Convertible | $210 | $442 | $352 | $20 | $106 | $1,130 | $94 |
| A5 2.0T Premium Plus 2-Dr Convertible | $210 | $442 | $352 | $20 | $106 | $1,130 | $94 |
| A5 2.0T Quattro Prestige S-Line 2-Dr Coupe | $232 | $442 | $298 | $18 | $90 | $1,080 | $90 |
| A5 2.0T Prestige S-Line 2-Dr Convertible | $232 | $442 | $352 | $20 | $106 | $1,152 | $96 |
| A5 2.0T Prestige 2-Dr Convertible | $232 | $442 | $352 | $20 | $106 | $1,152 | $96 |
| A5 3.2 Quattro Prestige S-Line 2-Dr Coupe | $232 | $492 | $298 | $18 | $90 | $1,130 | $94 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rates do not factor in garaging location in Colorado Springs which can impact prices substantially.
Based on this data, using a $100 deductible will cost you roughly $49 more each month or $588 every year than requesting the higher $1,000 deductible. Because you would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have more than 18 months between claims, you would probably come out ahead going with the higher deductible.
Gender differences in insurance premiums
The illustration below shows the difference between Audi A5 insurance costs for male and female drivers. The information is based on no violations or accidents, full coverage, $500 deductibles, drivers are not married, and no policy discounts are applied.
Rate difference between full and liability-only coverage
The example below shows the comparison of Audi A5 car insurance rates with full physical damage coverage compared to only buying liability only. The costs are based on no accidents or driving violations, $500 deductibles, marital status is single, and no other discounts are factored in.
Should you be buying full coverage?
There is no written rule of when to drop full coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is more than about 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
For example, let’s assume your Audi A5 settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $3,000 after you pay the deductible. If you are currently paying more than $300 annually for your policy with full coverage, then it could be time to drop full coverage.
There are some conditions where eliminating full coverage is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not remove full coverage.
What Impacts Audi A5 Insurance Rates?
Lots of things are used in the calculation when pricing auto insurance. Most are fairly basic such as traffic violations, although others are more obscure such as your marital status or your vehicle rating.
The itemized list below are a few of the things auto insurance companies consider when setting your rate level.
Deter theft and pay less – Choosing a vehicle that has a built-in theft deterrent system can help bring down rates. Anti-theft features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent car theft and help bring rates down.
Where you live factors in – Being located in a small town is a positive aspect when it comes to auto insurance. People in densely populated areas regularly have congested traffic and more severe claims. Fewer drivers and short commutes means fewer accidents and lower theft and vandalism rates.
Driving citations will cost you – Drivers with clean records get better prices than their less careful counterparts. Only having one chargeable violation may cause rates to rise twenty percent or more. Drivers who have gotten serious citations such as DWI, reckless driving or hit and run convictions may find that they have to to submit a SR-22 form with their state in order to drive a vehicle legally.
The example below shows how violations and at-fault claims drive up Audi A5 auto insurance costs for each age group. The information is based on a married male driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
Drive less and save – Driving more miles annually the higher your rate. Most insurance companies calculate rates determined by how the vehicle is used. Cars and trucks that have low annual miles can be on a lower rate level than cars that get driven a lot. Having the wrong rating on your A5 is throwing money out the window. It’s a smart idea to ensure your auto insurance coverage reflects the correct usage.
Insurance prices are higher for high performance vehicles – The make and model of the vehicle you own makes a big difference in your premium level. Lower cost passenger vehicles receive the most favorable rates, but that’s not the only thing that factors into the final price.
The following chart assumes a single male driver age 40, full coverage with $500 deductibles, and no discounts or violations. It compares Audi A5 policy rates compared to other vehicles that have different performance rating factors.
Audi A5 insurance loss statistics – Insurance companies take into consideration historical loss data for every vehicle when they file their rates in each state. Vehicles that the data determines to have higher claim amounts or frequency will cost more for specific coverages.
The data below shows the collected loss data for Audi A5 vehicles. For each insurance policy coverage type, the claim amount for all vehicles as a whole is considered to be 100. Values under 100 suggest losses that are better than average, while percentages above 100 indicate a higher chance of having a claim or an increased chance of a larger loss.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Audi A5 2dr 4WD | 196 | 92 | 140 | 73 | 83 | 100 |
| Audi A5 Convertible 4WD | 147 | 73 | 140 | 56 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Don’t overlook these Audi A5 insurance discounts
Car insurance is expensive, but there could be available discounts that you may not know about. Many discounts should be triggered when you purchase, but less common discounts must be specially asked for before you get the savings.
- Multiple Cars – Buying a policy with multiple cars on the same car insurance policy qualifies for this discount.
- Discounts for New Vehicles – Buying car insurance coverage on a new vehicle can be considerably cheaper since new model year vehicles have better safety ratings.
- Discount for Home Ownership – Being a homeowner can save you money since home ownership shows financial diligence.
- Paper-free Discount – A few companies will provide an incentive for completing your application online.
- Defensive Driving Course – Taking a class that teaches safe driver techniques may get you a small discount and easily recoup the cost of the course.
- Membership in Organizations – Affiliation with certain professional organizations can get you a small discount on your next renewal.
- Mature Driver Discount – Seniors may receive a small decrease in premiums.
- Accident Forgiveness Coverage – Not really a discount, but companies like GEICO, State Farm, and Progressive will forgive one accident without getting socked with a rate hike so long as you are claim-free for a set time period.
- Student in College – Older children who attend college more than 100 miles from Colorado Springs without a vehicle on campus may qualify for this discount.
As is typical with insurance, most of the big mark downs will not be given to your bottom line cost. Most only reduce individual premiums such as comp or med pay. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way. Any qualifying discounts should help lower your premiums.
The information below shows the difference between Audi A5 auto insurance rates with and without policy discounts. The premiums are based on a female driver, a clean driving record, no at-fault accidents, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, multi-car, claim-free, and homeowner discounts applied.
Larger car insurance companies and a selection of discounts are included below.
- Progressive may offer discounts for online quote discount, multi-vehicle, multi-policy, continuous coverage, online signing, homeowner, and good student.
- The Hartford may have discounts that include good student, bundle, driver training, defensive driver, vehicle fuel type, air bag, and anti-theft.
- Mercury Insurance includes discounts for multi-car, type of vehicle, annual mileage, good student, age of vehicle, and anti-theft.
- GEICO policyholders can earn discounts including federal employee, membership and employees, driver training, emergency military deployment, and anti-lock brakes.
- AAA may include discounts for good driver, education and occupation, AAA membership discount, good student, pay-in-full, and multi-policy.
- State Farm offers premium reductions for passive restraint, anti-theft, multiple autos, defensive driving training, and multiple policy.
Check with all companies you are considering the best way to save money. A few discounts might not be offered on policies in Colorado Springs. To locate companies with the best Audi A5 insurance discounts in Colorado, click here.
Insurance agent or online?
Some people would rather talk to an insurance agent. Professional agents can help you build your policy and help you file claims. One of the best bonuses of comparing rates online is that you can find cheap insurance quotes and still have a local agent.
To find an agent, once you fill out this form (opens in new window), your insurance coverage information is transmitted to participating agents in Colorado Springs that can provide free Colorado Springs auto insurance quotes to get your business. You won’t need to do any legwork due to the fact that quote results will go directly to you. In the event you want to get a rate quote from a specific company, don’t hesitate to jump over to their website and fill out the quote form the provide.
Finding a good insurance company should include more criteria than just a cheap price quote. Get answers to these questions too.
- Will your rates increase after a single accident?
- How many years have they been established?
- Does the agency provide any after hours assistance?
- Are there any discounts for paying up front?
- Do you need full coverage on every vehicle?
- How often do they review coverages?
- Will the agent help in case of a claim?
If you’re trying to find a local insurance agency, it’s important to understand the different agency structures and how they work. Agents in Colorado Springs are considered either independent agents or exclusive agents depending on their employer. Either one can insure your vehicles properly, but it’s important to know why they differ because it can influence your agent selection.
Exclusive Agents
Exclusive insurance agents can only write with one company and some examples include State Farm, Allstate and AAA. They are unable to shop your coverage around so you might not find the best rates. Exclusive agencies are very knowledgeable on their company’s products and that can be a competitive advantage.
Shown below is a list of exclusive agencies in Colorado Springs who can help you get price quotes.
Aileen Baldwin – State Farm Insurance Agent
540 W Garden of the Gods Rd – Colorado Springs, CO 80907 – (719) 599-9044 – View Map
Peter Martinez – State Farm Insurance Agent
106 N Circle Drive – Colorado Springs, CO 80909 – (719) 633-0300 – View Map
State Farm Agent Scott Richter
5885 Stetson Hills Blvd #130 – Colorado Springs, CO 80923 – (719) 591-2300 – View Map
Independent Agents (or Brokers)
Agents of this type do not sell for just one brand and that gives them the ability to insure with multiple insurance companies enabling the ability to shop coverage around. If prices rise, they simply move the coverage in-house and you can keep the same agent. When comparing rates, you will definitely want to include a couple of independent agencies to ensure the widest selection of prices.
Below are Colorado Springs independent insurance agents that can give you comparison quotes.
Nationwide Insurance: Jeffrey Lloyd Sudermann Agency
6455 N Union Blvd #104 – Colorado Springs, CO 80918 – (303) 974-7676 – View Map
Jensen Insurance Agency
125 N Parkside Dr #201f – Colorado Springs, CO 80909 – (719) 635-9557 – View Map
Springs Insurance Brokers
1837 Austin Bluffs Pkwy #101 – Colorado Springs, CO 80918 – (719) 268-1300 – View Map
After talking to the agent and getting good feedback to all your questions as well as a price you’re happy with, chances are good that you have found an auto insurance agent that meets the requirements to adequately provide insurance. It’s important to know that it’s your coverage and you can cancel a policy whenever you choose to so don’t assume you’re contractually obligated to any specific agency with no way to switch.
Don’t give up on cheaper rates
Some insurance companies may not provide online quoting and these small, regional companies only sell through local independent agencies. Affordable Audi A5 insurance in Colorado Springs is attainable online in addition to local insurance agencies, and you should be comparing both so you have a total pricing picture.
As you shop your coverage around, it’s very important that you do not buy poor coverage just to save money. There have been many cases where an insured dropped liability coverage limits and learned later they didn’t purchase enough coverage. Your focus should be to buy a smart amount of coverage at an affordable rate.
How to find more affordable Audi A5 insurance in Colorado Springs
The most effective way to get more affordable car insurance rates in Colorado Springs is to compare quotes once a year from insurers in Colorado.
- Read about auto insurance and the steps you can take to keep rates down. Many factors that drive up the price like traffic violations, accidents, and a less-than-favorable credit history can be remedied by making minor changes in your lifestyle.
- Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like Progressive or State Farm, while independent agencies can provide price quotes for many different companies.
- Compare the new rates to the price on your current policy and see if there is a cheaper rate. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.
- Provide notification to your current company of your intention to cancel your current policy. Submit a completed policy application and payment to the new company. As soon as coverage is bound, store the proof of insurance certificate along with your vehicle registration.
One important bit of advice is to compare the same liability limits and deductibles on each price quote and and to analyze as many companies as possible. This enables an apples-to-apples comparison and the best price quote selection.
For more information, feel free to browse the following helpful articles:
- What Does No-Fault Insurance Cover? (Allstate)
- Who Has Cheap Car Insurance Rates for a Jeep Grand Cherokee in Colorado Springs? (FAQ)
- Who Has Affordable Colorado Springs Car Insurance Rates for Drivers Under 25? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for a Chevrolet Silverado in Colorado Springs? (FAQ)
- How Much are Auto Insurance Rates for a Honda CR-V in Colorado Springs? (FAQ)
- Who Has the Cheapest Colorado Springs Car Insurance Rates for a Ford Explorer? (FAQ)
- How Much are Colorado Springs Auto Insurance Quotes for Drivers with Good Credit? (FAQ)
- How Much are Car Insurance Rates for a GMC Sierra in Colorado Springs? (FAQ)
- Who Has the Cheapest Colorado Springs Auto Insurance Quotes for Lyft Drivers? (FAQ)
- What Car Insurance is Cheapest for College Students in Colorado Springs? (FAQ)
- What Car Insurance is Cheapest for Hybrid Vehicles in Colorado Springs? (FAQ)
- Winter Driving (Insurance Information Institute)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Tools for Teen Driving Safety (State Farm)