How Much Does 1998 Audi A8 Insurance Cost?

I doubt anyone rejoices having to buy insurance coverage, especially knowing their premiums are too high.

You have so many car insurance companies to choose from, and though it is a good thing to have a choice, it makes it harder to compare rates.

The purpose of this post is to let you in on the most effective way to quote insurance and some money-saving tips. If you are paying for car insurance now, you will be able to reduce your rates substantially using this strategy. But vehicle owners should learn the way insurance companies price online insurance.

Buy insurance coverage online

To find the best insurance coverage prices, there are several ways to compare rate quotes from companies that offer insurance coverage in your state. By far the easiest way to find affordable 1998 Audi A8 insurance rates is simply to get online rate quotes. This is very easy and can be done in a couple of different ways.

1. The easiest and least time consuming way consumers can analyze rates is to use a rate comparison form (click to open form in new window). This style of form keeps you from doing multiple quote forms for every insurance coverage company. Just one form gets prices estimates from multiple companies.
2. A harder way to analyze rates consists of visiting each company website and fill out a new quote form. For instance, let’s assume you want to compare rates from Auto-Owners, Liberty Mutual and Geico. To get rate quotes you would need to visit each site and repeatedly type in your coverage information, which is why the first method is quicker. For a list of companies in your area, click here.
3. The least recommended method of getting rate comparisons is actually driving to insurance agents’ offices. Comparing rate quotes online reduces the need to sit down with an agent unless you have a need for the guidance of an agent trained in personal lines coverage. Drivers can obtain prices from the web and get advice from an agent in your area.

Whichever method you choose, do your best to use equivalent information with each company. If each company quotes different deductibles it will be very difficult to decipher which rate is best. Even a minor difference in limits can make a big difference in price. And when comparison shopping, more quotes increases your odds of finding the best rates.

Car insurance discounts help reduce rates

Some insurance providers don’t always publicize the complete list of policy discounts in an easy-to-find place, so the following is a list of a few of the more well known as well as the least known credits that may apply to you.

• Early Signing – A few insurance companies allow discounts for renewing your policy prior to the expiration date on your current policy. You can save around 10% with this discount.
• Senior Discount – Older drivers may qualify for a small decrease in premiums on A8 insurance.
• Government Employees – Active or former government employment may reduce rates when you quote insurance on A8 insurance with a few car insurance companies.
• Good Driver Discount – Insureds without accidents may save up to 50% more on A8 insurance compared to accident prone drivers.
• Seat Belt Discounts – Forcing all vehicle occupants to fasten their seat belts can save up to 15% off PIP or medical payments premium.
• Theft Deterent Discount – Cars optioned with advanced anti-theft systems help deter theft and will save you 10% or more.
• Onboard Data Collection – People who choose to allow their car insurance company to monitor their driving habits through the use of a telematics system such as Progressive’s Snapshot might get better premium rates if they are good drivers.
• Lower Rates for Military – Having an actively deployed family member could be rewarded with lower car insurance rates.
• Homeowners Pay Less – Owning a house can earn you a little savings since home ownership means you have a higher level of financial diligence.

Discounts reduce rates, but you should keep in mind that some credits don’t apply the the whole policy. Most cut specific coverage prices like medical payments or collision. If you do the math and it seems like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy. Any amount of discount should help reduce your policy premium.

Large car insurance companies and their possible discounts are included below.

• Mercury Insurance discounts include accident-free, low natural disaster claims, annual mileage, multi-policy, good driver, and anti-theft.
• Farmers Insurance offers premium reductions for homeowner, alternative fuel, business and professional, distant student, youthful driver, teen driver, and switch companies.
• Farm Bureau has savings for renewal discount, youthful driver, multi-policy, good student, safe driver, and driver training.
• State Farm may have discounts that include multiple autos, accident-free, anti-theft, good driver, and defensive driving training.
• Allstate may offer discounts for early signing, premier plus, utility vehicle, premier discount, senior citizen, FullPay discount, and good payer.
• Geico includes discounts for air bags, five-year accident-free, federal employee, daytime running lights, seat belt use, and multi-vehicle.

Before you buy a policy, ask each insurance company to apply every possible discount. Savings may not be offered in every state.

Educated choices result in lower insurance prices

Part of the auto insurance buying process is learning some of the elements that help determine your premiums. If you have some idea of what determines base rates, this empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.

• Get better rates if married – Your spouse can get you a discount on your auto insurance policy. It means you’re more mature and responsible and insurance companies reward insureds because married couples file fewer claims.
• Lower stress equals lower rates – Occupations such as military personnel, executives and medical professionals generally pay higher rates than the rest of us in part from stressful work requirements and long work days. On the flip side, occupations such as professors, students and performers have lower than average premiums on A8 insurance.
• Auto insurance policy lapses increase prices – Not having insurance is illegal and auto insurance companies will penalize you for letting your coverage cancel without a new policy in place. Not only will rates go up, the inability to provide proof of insurance will get you a license revocation or jail time. You may then be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
• Poor credit decisions can cost you – A driver’s credit score is likely to be a major factor in determining your rates. Insureds with high credit scores tend to be better risks to insure than drivers with bad credit. Therefore, if your credit is not that good, you could be paying less to insure your 1998 Audi A8 by improving your rating.

Which is the best car insurance?

When it comes to buying the right insurance coverage, there isn’t really a perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions can aid in determining if your insurance needs would benefit from an agent’s advice.

• How high should deductibles be on a 1998 Audi A8?
• Can I drive in Mexico and have coverage?
• Does insurance cover tools stolen from my truck?
• Can I afford to pay high deductible claims out of pocket?
• Do I have any recourse if my insurance company denies a claim?
• Am I covered when driving a rental car?
• Is my trailer covered?
• What happens if I owe more than my 1998 Audi A8 is worth?

If you can’t answer these questions, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

Advertising myths

State Farm and Allstate consistently run ads on television and other media. All the ads tend to make the same promise that drivers can save some big amount after switching your policy. How does each company offer you a better deal? Here is the trick they use.

Most companies have specific criteria for the type of insured that earns them the highest profit. For instance, a profitable customer may be over age 30, carries high limits, and drives less than 7,500 miles a year. Any new insured that matches those criteria receives the best prices and will also save quite a bit of money when switching.

Potential customers who do not match these criteria may be required to pay higher prices which usually ends up with business going elsewhere. If you pay close attention to the ads, they say “people who switch” not “all people who quote” save money. That is how companies can state the savings.

Because of these techniques, you really need to compare quotes as often as possible. It’s just too difficult to predict with any certainty which company will fit your personal profile best.

Car insurance coverage breakdown

Having a good grasp of a car insurance policy helps when choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on most car insurance policies.

Comprehensive or Other Than Collision – This coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as damage from a tornado or hurricane, a tree branch falling on your vehicle, hitting a deer, damage from getting keyed and hitting a bird. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability auto insurance – Liability coverage can cover damage or injury you incur to other’s property or people by causing an accident. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims like medical services, bail bonds and repair costs for stationary objects. How much coverage you buy is your choice, but consider buying higher limits if possible.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses like chiropractic care, ambulance fees, doctor visits, funeral costs and X-ray expenses. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

UM/UIM Coverage – This provides protection when other motorists 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 A8.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Normally the UM/UIM limits are set the same as your liablity limits.

Collision coverage – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things like hitting a mailbox, sustaining damage from a pot hole and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to raise the deductible to bring the cost down.

In the end, you save

We covered a lot of tips how to get a better price on 1998 Audi A8 insurance. The key concept to understand is the more you quote insurance, the higher the chance of saving money. You may even find the most savings is with a company that doesn’t do a lot of advertising. These smaller insurers may only write in your state and offer lower premium rates as compared to the big name companies such as Progressive and Geico.

As you prepare to switch companies, make sure you don’t buy lower coverage limits just to save a few bucks. In many instances, consumers will sacrifice full coverage only to discover later that the savings was not a smart move. The proper strategy is to find the BEST coverage at the best possible price while still protecting your assets.

For more information, feel free to visit these articles:

• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• Steps to Take After an Auto Accident (Insurance Information Insitute)
• What is Covered by GAP Insurance? (Allstate)
• Event Data Recorders FAQ (iihs.org)