2016 Audi R8 Insurance Rates

Drivers have options when trying to find the best price on Audi R8 insurance. You can either spend your time contacting agents to get rate comparisons or leverage the internet to get rate quotes. There is a better way to find insurance coverage online and you need to know the quickest way to price shop coverage for a Audi and get the lowest possible price from local insurance agents and online providers.

Audi R8 insurance premium factors

Multiple criteria are part of the equation when premium rates are determined. Some are pretty understandable like your driving record, but some are not as apparent such as your credit history or your vehicle rating.

  • Lower prices with uninterrupted coverage – Letting your insurance expire is a quick way to bump up your car insurance costs. In addition to paying higher rates, the inability to provide proof of insurance may result in a revoked license or a big fine. You may then be required to provide proof of insurance in the form of an SR-22 filing with your state DMV.
  • Alarm systems lowers premiums – Owning a car that has a built-in theft deterrent system can get you a discount on your car insurance. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent vehicle theft.
  • Where you call home plays a part – Choosing to live in smaller towns and rural areas of the country has it’s advantages when buying car insurance. Fewer people means less chance of accidents in addition to lower liability claims People in densly populated areas have to deal with traffic congestion and longer commute times. Spending more time driving means more chances of being involved in an auto accident.
  • Age of drivers impacts prices – Older insureds are shown to be more cautious, are lower risk to insure and receive fewer citations.Beginning drivers are statistically proven to be inattentive and easily distracted in a vehicle so car insurance rates are higher.
  • Keep the miles off and save – The higher the miles on your Audi in a year the more you will pay for car insurance. A lot of companies rate vehicles determined by how the vehicle is used. Autos not used for work or commuting qualify for better rates than vehicles that are driven to work every day. Incorrect rating for your R8 may be costing you higher rates. It’s a smart idea to ensure your car insurance policy is showing annual mileage, because it can save money.
  • Safer cars lower rates – Cars with high safety ratings tend to be cheaper to insure. Highly rated vehicles have better occupant injury protection and reduced instances of injuries means less money paid by your insurance company and lower rates for you.
  • Insure your auto and home with one company – Many insurance companies will give a discount for people who consolidate policies with them. It’s known as a multi-policy discount. Even if you already get this discount, you still need to comparison shop to help ensure you have the lowest rates.
  • Incidental coverages that aren’t used – There are a lot of extra coverages that can waste your money if you aren’t careful. Insurance for coverage for rental cars, towing coverage, and membership fees may be wasting your money. You may think they are a good idea when deciding what coverages you need, but your needs may have changed so remove them and pocket the money.

Compare insurance quotes online

There are a lot of ways to shop for insurance, but one way is easier and takes less work. You could spend the better part of a day driving to agents in your area, or you can utilize online quoting to get rate comparisons in just a few minutes.

Many popular insurance companies are enrolled in a marketplace where prospective buyers enter their policy data once, and each company returns a rated price for coverage. This eliminates the need for quotation requests for every insurance company.

To find out how much you’re overpaying now click here (opens in new window).

The single downside to doing it this way is you cannot specify which carriers to receive prices from. If you would rather choose from a list of companies to receive pricing from, we have a page of low cost insurance companies in your area. Click here for list of insurance companies.

The approach you take is up to you, just make sure you are using exactly the same deductibles and coverage limits on every quote. If each company quotes different values for each quote it will be nearly impossible to determine the lowest rate for your Audi R8.

Insurance advertising gotchas

Consumers get pounded daily by advertisements that promise big savings from the likes of 21st Century, Allstate and State Farm. All the companies say the same thing about savings if you move your insurance coverage to their company.

That’s great but how can every company make almost identical claims? It’s all in the wording.

Insurance providers have underwriting criteria for a prospective insured that earns them a profit. For instance, a driver they prefer could be over age 30, insures multiple vehicles, and does not commute to work. Any new insured who meets those qualifications will qualify for the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.

Insureds who may not quite match these criteria may be forced to pay a more expensive rate and ends up with the customer buying from a different company. The ads state “people that switch” but not “everyone who gets a quote” save money. This is how insurance companies can lure you into getting a quote. This emphasizes why you really should do a quote comparison often. It’s just too difficult to predict which company will be your best fit.

You may qualify for discounts

Buying car insurance is not cheap, but companies offer discounts that many people don’t even know exist. A few discounts will automatically apply at the time of purchase, but some must be asked about prior to getting the savings. If you aren’t receiving every discount you deserve, you are not getting the best rate possible.

  • Onboard Data Collection – Insureds that choose to allow companies to look at vehicle usage by installing a telematics device such as State Farm’s In-Drive could possibly reduce rates if they are good drivers.
  • Seat Belt Usage – Drivers who require all occupants to use their safety belts can save up to 15% on medical payment and PIP coverage.
  • Paper-free Discount – Some companies will provide an incentive simply for signing online.
  • Organization Discounts – Being in qualifying employment or professional organizations is a simple method to lower premiums when getting a insurance quote.
  • Homeowners Pay Less – Owning your own home or condo may earn you a small savings because owning a home demonstrates responsibility.

A little note about advertised discounts, most discount credits are not given to the overall cost of the policy. Some only apply to individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears you can get free auto insurance, it just doesn’t work that way.

A list of car insurance companies and the discounts they provide can be found below.

  • Progressive includes discounts for online signing, online quote discount, multi-policy, good student, continuous coverage, and homeowner.
  • AAA discounts include anti-theft, AAA membership discount, pay-in-full, multi-car, good driver, and multi-policy.
  • Farmers Insurance has discounts for pay in full, youthful driver, distant student, mature driver, alternative fuel, business and professional, and switch companies.
  • GEICO may have discounts that include five-year accident-free, multi-policy, anti-theft, driver training, seat belt use, and anti-lock brakes.
  • Esurance offers discounts including anti-theft, emergency road assistance, multi-policy, claim free, defensive driver, and Pac-12 alumni.
  • SAFECO has savings for anti-lock brakes, anti-theft, teen safety rewards, drive less, teen safe driver, multi-car, and bundle discounts.
  • State Farm may include discounts for multiple autos, Drive Safe & Save, accident-free, safe vehicle, and Steer Clear safe driver discount.

It’s a good idea to ask every company how many discounts you can get. Savings may not apply to policies in every state. To view companies who offer car insurance discounts, click here to view.

There’s no such thing as the perfect car insurance policy

When it comes to buying the best car insurance coverage for your personal vehicles, there is no perfect coverage plan. Everyone’s situation is unique.

For example, these questions might point out if you will benefit from professional help.

  • How does medical payments coverage work?
  • What is the minimum liability in my state?
  • Is a fancy paint job covered?
  • What discounts do I qualify for?
  • How high should my uninsured/underinsured coverage be in my state?
  • Do I get a pro-rated refund if I cancel my policy early?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and may give you better protection.

Educate yourself about car insurance coverages

Knowing the specifics of your car insurance policy aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Collision insurance

Collision coverage will pay to fix damage to your R8 resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as scraping a guard rail, crashing into a building, crashing into a ditch, sideswiping another vehicle and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as damage to your 2016 Audi R8.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Liability auto insurance

This provides protection from damage that occurs to other people or property. It protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability coverage pays for things such as repair bills for other people’s vehicles, medical expenses, court costs and attorney fees. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford.

Comprehensive coverages

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

Comprehensive can pay for claims such as vandalism, damage from a tornado or hurricane and damage from getting keyed. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for bills such as surgery, prosthetic devices, X-ray expenses and rehabilitation expenses. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

The bottom line

Insureds leave their current company for a number of reasons such as delays in paying claims, high prices, lack of trust in their agent or even unfair underwriting practices. It doesn’t matter what your reason, finding a great new company is not as hard as you think.

Lower-priced auto insurance can be bought from both online companies and also from your neighborhood agents, so you should compare both to have the best rate selection. A few companies do not offer the ability to get quotes online and many times these small, regional companies only sell through independent agents.

When shopping online for auto insurance, it’s not a good idea to reduce coverage to reduce premium. There are a lot of situations where an insured cut uninsured motorist or liability limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your objective should be to purchase a proper amount of coverage at the best cost, but do not sacrifice coverage to save money.

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