2005 Audi A8 Insurance Cost

Looking for the cheapest auto insurance rates for your Audi A8? Finding cheap coverage rates for auto insurance can be kind of frustrating for drivers new to quoting coverage prices online. People have so many agents and companies to choose from that it can easily turn into a lot of work to find cheaper coverage rates.

Locating affordable protection is not that difficult. Just about everyone who has to buy auto insurance will be able to cut their insurance bill. But drivers must understand the way companies sell online and use this information to your advantage.

Six factors that impact insurance premiums

Many factors are taken into consideration when pricing auto insurance. A few of the factors are predictable such as your driving history, but other factors are not quite as obvious such as your credit history and annual miles driven.

Shown below are a few of the things used by insurance companies to determine your rate level.

  • High premiums for teen drivers – Older people tend to be more responsible, cause fewer claims and accidents , and usually have better credit.Teen drivers are statistically shown to be inattentive and easily distracted in a vehicle so car insurance rates are higher.
  • Is you employer costing you more? – Did you know your job can affect your rates? Careers like doctors, social workers and stock brokers are shown to have higher premiums than the average policyholder in part from high stress and lots of time spent away from family. Other jobs such as professors, engineers and retirees have the lowest average rates for A8 insurance.
  • Discounts for alarms and GPS tracking – Purchasing a vehicle with advanced anti-theft systems can help lower your premiums. Theft prevention devices like OnStar, LoJack tracking, and tamper alarms can thwart auto theft.
  • Consolidate policies and save – Most insurance companies will give discounts to insureds who consolidate policies with them. It’s known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to compare other company rates to verify if the discount is saving money.
  • Careless driving means higher premiums – Attentive drivers have lower premiums as compared to those with violations. Even a single citation may cause rates to rise twenty percent or more. Drivers who have careless violations such as reckless driving, hit and run or driving under the influence may need to file a SR-22 with their state’s licensing department in order to legally drive.
  • Low mileage costs less – The higher the mileage driven in a year’s time the higher the price you pay to insure it. Many insurance companies charge rates determined by how the vehicle is used. Cars and trucks that are left in the garage receive lower rates as compared to vehicles used primarily for driving to work. An improperly rated A8 is throwing money out the window. It’s always a good idea to double check that your policy is showing how each vehicle is driven.

Auto Insurance Discounts

Auto insurance is easily one of your largest bills, but you may qualify for discounts that can help lower your rates. Some of these disounts will be visible when you purchase, but a few must be specifically requested before being credited.

  • Membership in Organizations – Having an affiliation with qualifying employment or professional organizations may earn a discount on your policy.
  • Anti-lock Brake System – Cars, trucks, and SUVs that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
  • Government Employee Discount – Federal government employees could cut as much as 10% off for A8 insurance with certain companies.
  • Lower Rates for Military – Having a deployed family member could trigger a small discount.
  • Drive Safe and Save – Drivers who don’t get into accidents could pay up to 40% less for A8 insurance than drivers with accident claims.
  • No Charge for an Accident – Not a discount per se, but a few companies such as Allstate and Geico will forgive one accident without the usual rate increase as long as you don’t have any claims prior to the accident.

It’s important to note that most of the big mark downs will not be given the the whole policy. Most cut individual premiums such as medical payments or collision. Just because you may think adding up those discounts means a free policy, you’re out of luck. Any qualifying discounts will bring down your overall bill.

A few popular companies and the discounts they provide are outlined below.

  • State Farm has discounts for defensive driving training, Drive Safe & Save, multiple policy, good student, and Steer Clear safe driver discount.
  • Geico policyholders can earn discounts including anti-lock brakes, multi-vehicle, anti-theft, air bags, five-year accident-free, and military active duty.
  • SAFECO may include discounts for homeowner, anti-lock brakes, anti-theft, multi-car, and teen safe driver.
  • Farmers Insurance offers discounts for early shopping, electronic funds transfer, mature driver, youthful driver, alternative fuel, and bundle discounts.
  • AAA may offer discounts for AAA membership discount, multi-policy, good student, anti-theft, good driver, multi-car, and education and occupation.
  • USAA offers premium reductions for annual mileage, safe driver, vehicle storage, new vehicle, loyalty savings, and driver training.

If you need cheaper car insurance quotes, ask every insurance company which discounts you may be entitled to. Some of the earlier mentioned discounts might not be offered on policies in your area.

Tailor your car insurance coverage to you

When choosing adequate coverage for your vehicles, there is no perfect coverage plan. Every insured’s situation is different.

These are some specific questions may help you determine whether your personal situation might need an agent’s assistance.

  • Can my babysitter drive my car?
  • What is the difference between comprehensive and collision coverage?
  • Am I covered when driving someone else’s vehicle?
  • Am I covered if I hit my neighbor’s mailbox?
  • Does my policy pay for OEM or aftermarket parts?
  • When should my teen driver be added to my policy?
  • Do I need added coverage for expensive stereo equipment?

If you can’t answer these questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form.

Coverage specifics

Knowing the specifics of car insurance can be of help when determining the right coverages and the correct deductibles and limits. Car insurance terms can be impossible to understand and nobody wants to actually read their policy.

Comprehensive protection – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as damage from flooding, damage from getting keyed, hitting a bird, hitting a deer and a tree branch falling on your vehicle. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability car insurance – This will cover damage that occurs to people or other property that is your fault. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like emergency aid, court costs, repair bills for other people’s vehicles and attorney fees. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

Collision coverage – Collision insurance will pay to fix damage to your A8 caused by collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims like sideswiping another vehicle, colliding with a tree and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Medical expense coverage – Coverage for medical payments and/or PIP pay for expenses like nursing services, EMT expenses, pain medications, dental work and surgery. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your 2005 Audi A8.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Usually these coverages do not exceed the liability coverage limits.

Pennies from heaven

When buying insurance coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. Too many times, consumers will sacrifice full coverage only to regret that they should have had better coverage. The aim is to get the best coverage possible at an affordable rate, but do not skimp to save money.

Insureds who switch companies do it for many reasons like denial of a claim, lack of trust in their agent, an unsatisfactory settlement offer or high rates after DUI convictions. It doesn’t matter what your reason, finding a great new company is pretty simple and you could end up saving a buck or two.

You just read many ways to lower your 2005 Audi A8 insurance premium rates. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. You may even find the lowest premium rates are with a small local company.

Even more information can be found at these sites: