Perplexed by the crazy number of insurance choices? Many other drivers are as well. You have so many choices to choose from that it can easily become a burden to lower your insurance rates.
Not too many consumers would say car insurance is affordable, but you can get discounts that you may not even know about. Some trigger automatically at the time you complete a quote, but a few must be specifically requested prior to getting the savings. If you’re not getting every credit you qualify for, it’s possible you qualify for a lower rate.
A quick disclaimer, most of the big mark downs will not be given to your bottom line cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like you would end up receiving a 100% discount, nobody gets a free ride. Any qualifying discounts will definitely reduce the cost of coverage.
A list of companies and some of their more popular discounts are detailed below.
If you are trying to find the cheapest auto insurance quotes, ask all the companies to give you their best rates. A few discounts may not be offered in your area. For a list of providers that offer many of these discounts, follow this link.
An important part of buying insurance is that you know the different types of things that come into play when calculating auto insurance rates. When consumers understand what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you lower premium levels. Multiple criteria are used in the calculation when you quote your car insurance policy. Some are obvious such as your driving history, although some other factors are not quite as obvious like your continuous coverage or how safe your car is.
The list below includes some of the factors utilized by car insurance companies to help set premiums.
When buying the right insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s.
For example, these questions can aid in determining if you may require specific advice.
If you can’t answer these questions but you know they apply to you then you might want to talk to an agent. If you don’t have a local agent, complete this form.
Insurance providers like Geico, State Farm and Progressive continually stream ads on TV and radio. They all seem to seem to make the promise that you’ll save big after switching your coverage. That’s great but how can every company charge you a lower premium? You have to listen carefully.
Companies require specific criteria for the type of driver that will be a good risk. An example of a preferred risk may need to be between 25 and 40, has a low-risk occupation, and has a high credit rating. Any person who fits that profile will get a cheap rate quote and will save a lot of money.
People who may not quite match this ideal profile will be quoted a higher rate which usually ends up with the customer not buying. If you listen to the ad wording, they say “people who switch” not “all people who quote” save the amount stated. That is how companies can make claims like that. This really illustrates why it is so important to get auto insurance quotes as often as possible. It is impossible to guess with any certainty which company will fit you best based on your risk profile.
Understanding the coverages of your car insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.
Liability coverages
This can cover damage or injury you incur to other people or property. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability insurance covers things such as repair bills for other people’s vehicles, loss of income, legal defense fees, emergency aid and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.
Comprehensive coverages
This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for things like vandalism, hitting a deer, fire damage, rock chips in glass and damage from getting keyed. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured and underinsured coverage
Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Audi A8.
Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Coverage for medical payments
Coverage for medical payments and/or PIP pay for expenses for things like X-ray expenses, pain medications, doctor visits and surgery. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants and will also cover getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay
Collision insurance
This covers damage to your A8 from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things like crashing into a ditch, colliding with another moving vehicle, sideswiping another vehicle, driving through your garage door and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.
As you quote auto insurance, don’t be tempted to buy poor coverage just to save money. There have been many cases where someone dropped full coverage only to regret at claim time that it was a big error on their part. Your focus should be to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.
Throughout this article, we presented many ideas to lower your 1999 Audi A8 insurance rates. The key concept to understand is the more quotes you get, the higher the chance of saving money. You may even find the best price on insurance is with the smaller companies.
A few companies may not provide the ability to get quotes online and usually these small insurance companies only sell coverage through independent insurance agents. Budget-friendly insurance can be sourced online as well as from insurance agents, so you should be comparing quotes from both to get a complete price analysis.
More information is located below: