2014 Audi R8 Car Insurance Rates

Shoppers have many options when shopping for affordable Audi R8 insurance. They can either spend hours contacting agents getting price quotes or utilize the internet to compare rates.

There is a better way to buy car insurance and we’ll show you the quickest way to price shop coverage on a Audi and obtain the lowest price from local insurance agents and online providers.

This article will instruct you on the most effective way to quote insurance. If you are paying for car insurance now, you will be able to save some money using this strategy. Drivers just need to understand the tricks to buy car insurance online.

Which insurance coverage is cheapest?

Finding a lower price on 2014 Audi R8 insurance is not rocket science. All that’s required is to invest a little time to compare free car insurance quotes from different insurance companies. Insurance prices can be quoted in several different ways.

  1. If you’re in a hurry, the quickest way consumers can make multiple comparisons would be an industry-wide quote request form click to view form in new window. This type of form saves time by eliminating a different quote for every company. A single form gets rate comparisons instantly.It’s the quickest way to get rates.
  2. A more time consuming way to compare prices requires visiting each company’s website to complete a price quote. For instance, let’s say you want rates from Nationwide, Allstate and Liberty Mutual. You would need to spend time on each company’s site to input your insurance information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

How you compare quotes is your choice, just ensure you’re using identical quote data with each company. If you have different coverage information you will not be able to make a fair comparison for your Audi R8.

Well known brands might not be cheapest

Consumers can’t get away from ads for the lowest price car insurance from the likes of State Farm, Allstate and Geico. All the companies say the same thing of big savings if you just switch your car insurance coverage to their company.

How does every car insurance company charge you a lower premium?

Different companies have specific characteristics for the driver that is profitable for them. For instance, a profitable risk profile could be between the ages of 30 and 45, has never had a claim, and insures a new vehicle. A customer getting a price quote who meets those qualifications will probably get the lowest prices and will probably save money with a new company.

Consumers who may not quite match this stringent profile will get higher premium rates which leads to business not being written. The trick companies use is to say “customers who switch” not “everybody who quotes” save that much money. That’s the way insurance companies can confidently make claims that they all have the best prices.

Different companies use different criteria so you should quote coverage with many companies. It is impossible to predict which company will have the best premium rates for your profile.

Insurance prices are influenced by these factors

A large part of saving on auto insurance is knowing the different types of things that aid in calculating your premiums. When you understand what determines base rates, this enables you to make decisions that can earn you lower premium levels. Multiple criteria are used in the calculation when you get a price on insurance. Some are pretty understandable like an MVR report, although some other factors are more transparent like your continuous coverage or your vehicle rating.

Listed below are a few of the “ingredients” used by your company to calculate your premiums.

  • GPS tracking and theft deterrents lowers auto insurance rates – Choosing a vehicle with an alarm system can help lower your premiums. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent car theft and help bring rates down.
  • Insurance rates for married couples – Being married actually saves money compared to being single. Having a significant other is viewed as being more mature and responsible and it’s proven that married couples file fewer claims.
  • Mature drivers are lower risk – Young drivers tend to be easily distracted when at the wheel of a vehicle and because of this, their auto insurance rates are much higher. Adding a first-time driver onto your auto insurance can break the bank. Older drivers are proven to be safer behind the wheel, statistically cause fewer accidents and are safer drivers.
  • Drive a safer car and pay less – Safer cars are cheaper to insure. These vehicles reduce the chance of injuries and fewer serious injuries means your insurance company pays less and lower rates for you.
  • Use one insurance company and save – Most larger insurers apply better rates for people that have more than one policy, otherwise known as a multi-policy discount. Even if you’re getting this discount you still need to compare other insurance prices to make sure you are getting the best deal.There is a good possibility that you can save even more than the discount by insuring with multiple companies.

These discounts can reduce insurance coverage rates

Companies offering auto insurance don’t necessarily list all possible discounts in a way that’s easy to find, so the following is a list of both the well known and the more hidden insurance coverage savings.

  • Defensive Driver – Completing a safe driver course can save you 5% or more and make you a better driver.
  • Early Renewal Discounts – A few larger companies allow discounts for signing up before your current expiration date. You may see this discount when you get car insurance quotes online.
  • Early Payment Discounts – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Active Service Discounts – Having a family member in the military can result in better premium rates.
  • Federal Government Employee – Federal government employees may qualify for a discount when you quote car insurance on R8 insurance with select insurance companies.
  • Telematics Discount – Drivers that enable data collection to analyze driving habits through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease as long as the data is positive.
  • Driver’s Education for Students – Require your teen driver to successfully complete driver’s ed class in school.
  • Professional Memberships – Affiliation with qualifying clubs or civic groups is a simple method to lower premiums when shopping for insurance coverage.

It’s important to note that some credits don’t apply to all coverage premiums. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So when it seems like you can get free auto insurance, nobody gets a free ride.

The best insurance coverage companies and some of the discounts are outlined below.

  • State Farm discounts include multiple policy, good driver, accident-free, safe vehicle, and defensive driving training.
  • American Family has discounts for Steer into Savings, defensive driver, TimeAway discount, multi-vehicle, and good student.
  • Geico has savings for defensive driver, multi-policy, seat belt use, emergency military deployment, military active duty, membership and employees, and good student.
  • 21st Century includes discounts for defensive driver, teen driver, good student, student driver, air bags, driver training, and early bird.
  • Progressive offers premium reductions for continuous coverage, good student, online signing, online quote discount, multi-vehicle, multi-policy, and homeowner.

If you need lower rates, check with every company which discounts can lower your rates. Savings may not apply to policyholders in your state. To see a list of insurance companies who offer insurance coverage discounts, click this link.

When do I need an agent’s advice?

When choosing proper insurance coverage, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s.

Here are some questions about coverages that might help in determining if you may require specific advice.

  • Does my car insurance cover rental cars?
  • When can I cancel my policy?
  • Is my dog or cat covered if injured in an accident?
  • Is my ex-spouse still covered by my policy?
  • Should I rate my 2014 Audi R8 as pleasure use or commute?
  • Do I need higher collision deductibles?
  • Can I make deliveries for my home business?
  • When should I buy a commercial auto policy?
  • Will I be non-renewed for getting a DUI or other conviction?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and may give you better protection.

Car insurance coverage information

Knowing the specifics of your policy can be of help when determining which coverages you need and the correct deductibles and limits. Insurance terms can be ambiguous and reading a policy is terribly boring.

Liability coverage

Liability coverage protects you from damage that occurs to other’s property or people that is your fault. This coverage protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers claims such as repair bills for other people’s vehicles, loss of income, bail bonds, repair costs for stationary objects and attorney fees. How much liability should you purchase? That is up to you, but buy higher limits if possible.

Auto collision coverage

This coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like crashing into a building, scraping a guard rail, hitting a parking meter, driving through your garage door and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for bills such as rehabilitation expenses, ambulance fees, surgery and funeral costs. They are used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not available in all states and may carry a deductible

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as damage to your Audi R8.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Frequently these coverages do not exceed the liability coverage limits.

Comprehensive coverage

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like damage from a tornado or hurricane, hail damage, vandalism, hitting a bird and theft. The most your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

More quotes. Lower rates.

Insureds who switch companies do it for a number of reasons such as poor customer service, being labeled a high risk driver, policy cancellation and even unfair underwriting practices. It doesn’t matter why you want to switch finding a new insurance company can be less work than you think.

A few companies may not have internet price quotes and many times these small insurance companies only sell through independent agencies. Cheap 2014 Audi R8 insurance can be found from both online companies in addition to many insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from.

We just presented quite a bit of information on how to save on 2014 Audi R8 insurance. The key concept to understand is the more rate quotes you have, the better your chances of lowering your car insurance rates. You may be surprised to find that the lowest priced insurance comes from a small mutual company.

More detailed insurance information can be read in the articles below: