Lower Your 2014 Audi R8 Insurance Rates

Want lower insurance coverage rates for your Audi R8? Trying to find low-cost insurance for a new or used Audi R8 can turn out to be a painful process, but you can learn a few tricks to save time.

There are both good and bad ways to compare insurance coverage rates and you need to know the proper way to compare rates for a new or used Audi and locate the lowest possible price either online or from local insurance agents.

You should take the time to compare premium rates before your policy renews because insurance coverage prices tend to go up over time. Just because you had the lowest price for R8 coverage a year ago a different company probably has better rates today. Don’t believe everything you read about insurance coverage out there, but you can learn the easiest ways to lower your insurance coverage rates.

How to buy insurance online

Effectively comparing insurance prices can take hours if you don’t utilize the most efficient way. You could spend the better part of a day driving to insurance agencies in your area, or you could save time and use online quoting to accomplish the same thing much quicker.

Many companies participate in an industry program that enables customers to enter their coverage request one time, and each participating company can give them a price. This eliminates the need for quote requests for every insurance company.

To participate in this free quote system, click here to open in new window.

The one downside to using this type of form is you cannot specify which providers to receive prices from. If you prefer to choose individual companies to compare, we have a listing of low cost insurance companies in your area. Click here to view list.

Take whichever approach you prefer, but be sure you’re using apples-to-apples deductibles and coverage limits for every company. If each company quotes unequal deductibles or liability limits it will be very difficult to truly determine the lowest rate.

Don’t miss these discounts

Auto insurance is not an enjoyable expense, but you may qualify for discounts that many consumers don’t even know exist. Most are applied when you purchase, but some may not be applied and must be requested specifically before being credited.

  • Accident Free – Drivers with accident-free driving histories pay less in comparison with drivers with a long claim history.
  • Lower Rates for Military – Being on active deployment in the military could be rewarded with lower rates.
  • Senior Citizen Rates – Drivers that qualify as senior citizens may receive a small discount on rates for R8 coverage.
  • Government Employee Discount – Employees or retirees of the government may qualify for a discount when you quote auto insurance for R8 coverage with select insurance companies.
  • Paperwork-free – A few companies provide a small discount get auto insurance on the internet.
  • Smart Student Discounts – Excelling in school may save you up to 25%. The discount lasts well after school through age 25.

While discounts sound great, it’s important to understand that most credits do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like liability and collision coverage. Just because you may think having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

Popular auto insurance companies and the discounts they provide are included below.

  • GEICO has discounts for military active duty, multi-vehicle, defensive driver, air bags, anti-theft, driver training, and five-year accident-free.
  • MetLife policyholders can earn discounts including multi-policy, good student, accident-free, good driver, defensive driver, and claim-free.
  • Progressive may have discounts that include multi-vehicle, continuous coverage, homeowner, online signing, online quote discount, multi-policy, and good student.
  • Travelers discounts include continuous insurance, save driver, multi-car, student away at school, and driver training.
  • SAFECO may include discounts for multi-car, anti-lock brakes, teen safety rewards, accident prevention training, teen safe driver, and safe driver.
  • AAA may offer discounts for good student, multi-policy, anti-theft, education and occupation, and AAA membership discount.

When quoting, ask all the companies how you can save money. A few discounts might not be offered on policies in your state. To see a list of insurers that offer the discounts shown above, follow this link.

Informed drivers can reduce insurance rates

Many different elements are part of the equation when pricing auto insurance. Some are obvious like a motor vehicle report, but others are not quite as obvious like your vehicle usage or how safe your car is.

  • Alarm systems save money – Driving a car with advanced anti-theft systems can help bring down rates. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent auto theft.
  • A lpolicy lapse is a bad thing – Letting your insurance expire can be a fast way to drive up your policy premiums. In addition to paying higher rates, the inability to provide proof of insurance can result in a license revocation or jail time.
  • Save by driving less – The more you drive in a year’s time the higher the price you pay to insure it. A lot of insurance companies charge to insure your cars based on their usage. Autos that sit idle most of the time can get a lower rate than those used for commuting. Improper usage on your R8 can cost quite a bit. Double check that your insurance coverage is showing the correct driver usage.
  • Keep insurance rates low by being claim-free – Insurance companies give most affordable rates to policyholders who do not rely on their insurance for small claims. If you tend to file frequent claims, you can look forward to higher rates. Your car insurance is designed for larger claims.

Special considerations

When buying adequate coverage for your personal vehicles, there is no “best” method to buy coverage. Each situation is unique.

For example, these questions might point out whether your personal situation would benefit from professional advice.

  • Can my babysitter drive my car?
  • Are all vehicle passengers covered by medical payments coverage?
  • Why am I required to buy liability insurance?
  • Why is insurance for a teen driver so high?
  • Can my teen drive my company car?
  • I have a DUI can I still get coverage?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find an agent in your area, complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Save $422 a year! What?

Consumers can’t ignore all the ads that claim the best premium rates from the likes of Allstate and Progressive. All the companies make the point about how much you will save if you switch your insurance coverage coverage to their company.

How is it possible that every company can offer you a better deal? Just pay attention to how they say it.

Many companies have a preferred profile for a prospective insured that is profitable for them. A good example of a profitable insured should be over the age of 45, owns their home, and drives less than 5,000 miles a year. Someone who fits those characteristics gets the lowest rates as well as save money with a new company.

Consumers who do not meet these standards must pay higher premiums with the end result being the customer not buying. If you listen closely, the ads state “customers who switch” but not “all drivers who get quotes” save money. That’s why companies can make it sound like they have such great rates.

Different companies use different criteria so you really need to compare many company’s rates. It is impossible to predict which insurance companies will provide you with the cheapest prices.

Educate yourself about insurance coverages

Learning about specific coverages of a insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Insurance terms can be ambiguous and coverage can change by endorsement.

Liability car insurance

This will cover damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers claims like attorney fees, legal defense fees, court costs and structural damage. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.

Comprehensive or Other Than Collision

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from getting keyed, theft and damage from flooding. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision coverage

Collision insurance will pay to fix damage to your R8 from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims such as sustaining damage from a pot hole, crashing into a ditch, hitting a parking meter and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Audi R8.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for immediate expenses for hospital visits, surgery, funeral costs and chiropractic care. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

Never pay more for less

Drivers change insurance companies for any number of reasons including lack of trust in their agent, delays in paying claims, policy non-renewal or high rates after DUI convictions. No matter why you want to switch, choosing a new insurance company can be easier than you think.

When shopping online for auto insurance, it’s a bad idea to sacrifice coverage to reduce premiums. In too many instances, an accident victim reduced liability limits or collision coverage and learned later that the savings was not a smart move. The proper strategy is to purchase plenty of coverage at the lowest possible cost and still be able to protect your assets.

You just learned a lot of ways to reduce 2014 Audi R8 insurance premium rates online. It’s most important to understand that the more quotes you get, the better likelihood of getting low cost auto insurance. Drivers may discover the lowest premium rates are with a company that doesn’t do a lot of advertising.

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