Save on 2014 Audi S8 Insurance Rates

Finding low-cost insurance for a new or used Audi S8 can be an all-consuming task, but you can use our insurance coverage buying tips to save time.

There is a better way to shop for insurance coverage and we’ll show you the quickest way to compare rates for your Audi and locate the lowest price from local insurance agents and online providers.

Smart consumers take time to quote other rates as often as possible since prices tend to go up over time. Even if you got the lowest price on S8 insurance two years ago you will most likely find a better rate quote today. Forget anything you know (or think you know) about insurance coverage because I’m going to let you in on the secrets to one of the easiest ways to find better coverage at a better price.

How to lower your insurance rates

Multiple criteria are used in the calculation when premium rates are determined. Some factors are common sense like your driving record, although some other factors are more obscure like where you live or your commute time.

Listed below are some of the most common factors companies use to determine prices.

  • Raise deductibles and save – Physical damage insurance, also known as collision and other-than-collision, helps pay for damage to your vehicle. Some examples of claims that would be covered would be a broken windshield, collision with an animal, and rolling your vehicle. Your deductibles are how much you are willing to pay out-of-pocket before a claim is paid by your company. The more you are required to pay out-of-pocket, the lower your rates will be on S8 insurance.
  • Reserve insurance claims for larger damages – Insurance companies provide discounts to drivers who are not frequent claim filers. If you file a lot of claims you can expect either a policy non-renewal or much higher rates. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.
  • Teen drivers pay more – More experienced drivers are proven to be safer behind the wheel, are lower risk to insure and tend to be get fewer driving tickets.Youthful drivers have been known to be inattentive when driving and because of this, their insurance rates are much higher.
  • Lower rates with a multi-policy discount – Lots of insurance companies give discounts to insureds who have multiple policies with them. It’s known as a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. Even if you qualify for this discount already, it’s in your best interest to compare rates to confirm you are receiving the best rates possible.

More discounts mean cheap premiums

Car insurance is expensive, but there could be significant discounts to cut the cost considerably. Some discounts apply automatically when you quote, but some need to be asked about prior to receiving the credit.

  • Good Grades Discount – Excelling in school can be rewarded with saving of up to 25%. Most companies allow this discount up to age 25.
  • Discount for Life Insurance – If the company offers life insurance, you could get better car insurancerates if you take out a life policy as well.
  • Distant Student Discount – Older children who are attending college and won’t have access to an insured vehicle may be able to be covered for less.
  • Paperwork-free – Many companies will give you a small discount shop insurance coverage on your computer.
  • Claim Free – Insureds with no claims or accidents are rewarded with significantly better rates on insurance coverage quote in comparison with insureds who have frequent claims or accidents.
  • Discounts for New Vehicles – Buying a new car model can cost up to 25% less because newer vehicles have to meet stringent safety requirements.

As a disclaimer on discounts, most discounts do not apply to the entire cost. Most only cut specific coverage prices like comprehensive or collision. So despite the fact that it appears all those discounts means the company will pay you, car insurance companies aren’t that generous.

A list of car insurance companies and some of the premium reductions they offer are shown below.

  • Farm Bureau has savings for renewal discount, youthful driver, safe driver, good student, 55 and retired, and multi-vehicle.
  • Liberty Mutual discounts include multi-car, exclusive group savings, new graduate, safety features, hybrid vehicle, good student, and preferred payment discount.
  • State Farm offers discounts including accident-free, good driver, good student, Steer Clear safe driver discount, defensive driving training, and Drive Safe & Save.
  • Auto-Owners Insurance may have discounts that include mature driver, company car, anti-theft, safe driver, and student away at school.
  • Geico may offer discounts for driver training, good student, defensive driver, anti-lock brakes, air bags, anti-theft, and seat belt use.
  • SAFECO may include discounts for anti-lock brakes, accident prevention training, multi-car, drive less, bundle discounts, safe driver, and teen safety rewards.

If you need cheaper insurance coverage quotes, ask each insurance company which credits you are entitled to. Some of the discounts discussed earlier might not be offered in your state. To see a list of providers who offer free car insurance quotes, follow this link.

It’s not one size fits all

When it comes to choosing adequate coverage for your personal vehicles, there really is not a “best” method to buy coverage. Every insured’s situation is different.

For example, these questions could help you determine whether your personal situation could use an agent’s help.

  • Do I have coverage when pulling a U-Haul trailer?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Am I covered if I hit my neighbor’s mailbox?
  • What is the rate difference between pleasure use and commuting?
  • When should I buy a commercial auto policy?
  • Does my insurance cover a custom paint job?
  • Does medical payments coverage apply to all occupants?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Auto insurance specifics

Understanding the coverages of your auto insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 2014 Audi S8.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Collision protection

Collision insurance covers damage to your S8 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as sustaining damage from a pot hole, damaging your car on a curb, scraping a guard rail and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Comprehensive coverage

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as vandalism, a broken windshield, falling objects and damage from flooding. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP provide coverage for immediate expenses like hospital visits, rehabilitation expenses, EMT expenses, prosthetic devices and chiropractic care. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage

Coverage for liability

This protects you from damage or injury you incur to people or other property. It protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as emergency aid, repair bills for other people’s vehicles and bail bonds. How much coverage you buy is your choice, but buy as much as you can afford.

In Summary

When searching for affordable insurance coverage quotes, never skimp on critical coverages to save a buck or two. In too many instances, someone sacrificed physical damage coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your objective should be to find the BEST coverage at a price you can afford while still protecting your assets.

Some companies may not have online price quotes small insurance companies sell through independent agencies. Budget-conscious 2014 Audi S8 insurance can be sourced online and from local agencies, so you need to compare both in order to have the best price selection to choose from.

People who switch companies do it for many reasons like an unsatisfactory settlement offer, being labeled a high risk driver, questionable increases in premium or even poor customer service. Regardless of your reason for switching companies, finding a great new company is easier than you think.

Much more information about insurance coverage can be found at these links: