Lower Your 2018 Audi R8 Car Insurance Rates

Looking for cheaper car insurance rates for your Audi R8? Finding cheaper insurance for an Audi R8 could be an all-consuming task, but you can follow our car insurance buying tips to find lower rates.

There is a right way and a wrong way to compare car insurance rates and we’ll show you the best way to quote coverages for your Audi and obtain the lowest possible price.

It’s smart to price shop coverage as often as possible since prices change frequently. Even if you got the best price on R8 insurance a few years ago a different company probably has better rates today. Forget anything you know (or think you know) about car insurance because it’s time to teach you the only way to save money, get proper coverage and the best rates.

If you have a current insurance policy or need new coverage, you can use these tips to shop for the lowest rates and still get good coverage. Locating the best insurance coverage is not that difficult. Drivers just need to understand the most efficient way to shop on the web.

Cheapest auto insurance quotes

Finding cheaper auto insurance rates can be relatively painless. You just have to invest a little time comparing rates provided by online insurance companies. This is very easy and can be done using a couple different methods.

  1. If you are pressed for time, the simplest way to find low rates is an all-inclusive rate comparison click to view form in new window. This easy form saves time by eliminating separate quotation requests to each individual auto insurance company. One quote request gets you price quotes from multiple low-cost companies.It’s the quickest way to get rates.
  2. A less efficient way to obtain and compare quotes online is spending the time to visit the website of each company and repeat the quote process. For example, let’s assume you want to get rates from Liberty Mutual, Esurance and State Farm. You would be required to take the time to go to each site to input your insurance information, which is why the first method is more popular. To view a list of companies in your area, click here.
  3. The last way of comparing rate quotes is to spend time driving to insurance agencies in your area. The fact that you can get quotes online reduces the need to sit down with an agent unless your situation requires the guidance of a local agency. Some companies do allow you to get the lowest quotes online but still have the advice of a local agent.

Compare rates however you want, just ensure you are comparing exactly the same coverage limits and deductibles with every price quote. If you enter different liability limits you will not be able to truly determine the lowest rate.

Insurance premiums are influenced by these factors

A large part of saving on insurance is knowing some of the things that aid in calculating your policy premiums. When you understand what controls the rates you pay, this allows you to make educated decisions that can earn you lower rates. Many things are used when premium rates are determined. Some of the criteria are obvious like a motor vehicle report, but others are not quite as obvious like your vehicle usage or your financial responsibility.

  • Your credit rating is important – Your credit score will be a significant factor in determining what you pay. People that have excellent credit scores tend to file fewer claims and have better driving records than drivers who have lower credit scores. If your credit history is not that good, you may save money insuring your 2018 Audi R8 by improving your credit score.
  • Car insurance liability limits – Your policy’s liability coverage is the protection when you are ruled to be at fault for physical damage or personal injury to other. Your policy’s liability insurance provides legal defense which can cost a lot. Liability insurance is quite affordable compared to comp and collision, so do not cut corners here.
  • If you don’t need it don’t buy it – There are a ton of extra add-on coverages that may not really be needed on your insurance policy. Coverages for replacement cost coverage, accidental death, and extra equipment coverage may be wasting your money. They may seem good when deciding what coverages you need, but your needs may have changed so remove them from your policy.
  • Car and home together may be cheaper – Most insurers give discounts to buyers that buy multiple policies such as combining an auto and homeowners policy. The discount can add up to ten or even fifteen percent. Even though this discount sounds good, it’s always a smart idea to shop around to confirm you are receiving the best rates possible.
  • Demanding vocation may mean higher prices – Did you know that where you work can have an impact on rates? Careers like military personnel, executives and accountants are shown to have the highest average rates because of intense work requirements and lots of time spent at work. On the flip side, professions such as farmers, athletes and retirees generally pay rates lower than average on R8 insurance.
  • Filing insurance claims can increase rates – If you frequently file small claims, you can pretty much guarantee increased rates or even have your policy non-renewed. Auto insurance companies award discounts to policyholders who are not frequent claim filers. Your insurance policy is intended for major claims that would cause financial hardship.

Don’t miss these discounts

Insuring your vehicles can cost a lot, but you may qualify for discounts to help offset the cost. Some of these disounts will be visible when you purchase, but some discounts are required to be inquired about before you get the savings. If you check and find you aren’t receiving every discount possible, you are throwing money away.

  • Good Student Discount – Performing well in school can save 20 to 25%. Many companies even apply the discount to college students up until you turn 25.
  • Low Mileage Discounts – Maintaining low annual mileage may allow you to get substantially lower prices.
  • Distant College Student Discount – College-age children who are enrolled in higher education away from home and do not take a car to college may qualify for this discount.
  • Use Seat Belts – Requiring all passengers to fasten their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Claim-Free Discount – Insureds who avoid accidents and claims have much lower rates compared to accident-prone drivers.
  • Early Payment Discounts – If you pay your entire premium ahead of time rather than spreading payments over time you can avoid monthly service charges.
  • Telematics Discount – Drivers who agree to allow data collection to spy on driving habits by installing a telematics device like Allstate’s Drivewise might see lower rates if they show good driving skills.

Consumers should know that many deductions do not apply to the entire cost. Most only cut the cost of specific coverages such as comp or med pay. So even though they make it sound like it’s possible to get free car insurance, it doesn’t quite work that way. But any discount will reduce the cost of your policy.

To locate companies who offer free insurance quotes, click this link.

Special considerations

When choosing adequate coverage, there really is not a best way to insure your cars. Everyone’s needs are different.

For instance, these questions might point out if your insurance needs would benefit from an agent’s advice.

  • What is roadside assistance coverage?
  • Is my teenager covered with friends in the car?
  • Do I need higher collision deductibles?
  • Can I rate high risk drivers on liability-only vehicles?
  • How many claims can I have before being cancelled?
  • How much underlying liability do I need for an umbrella policy?
  • Do I need an umbrella policy?
  • How can I get my company to pay me more for my totalled car?
  • Does my policy cover my teen driver if they drive my company car?

If it’s difficult to answer those questions, you may need to chat with an agent. To find an agent in your area, simply complete this short form. It is quick, free and can provide invaluable advice.

Insurance coverage considerations

Learning about specific coverages of insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Comprehensive or Other Than Collision

This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like falling objects, a tree branch falling on your vehicle and theft. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical costs insurance

Med pay and PIP coverage pay for bills for prosthetic devices, pain medications, rehabilitation expenses and surgery. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Auto collision coverage

This covers damage to your R8 resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like crashing into a ditch, colliding with a tree, sustaining damage from a pot hole, hitting a mailbox and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible to bring the cost down.

Liability coverage

Liability coverage provides protection from damage that occurs to other people or property in an accident. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims such as bail bonds, medical services, legal defense fees, emergency aid and medical expenses. How much coverage you buy is a personal decision, but buy as much as you can afford.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Audi R8.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Don’t break the bank

In this article, we presented many ideas to save on 2018 Audi R8 insurance. The key concept to understand is the more times you quote, the higher your chance of finding cheap auto insurance. You may even discover the most savings is with a lesser-known regional company.

Insureds who switch companies do it for many reasons like delays in paying claims, high rates after DUI convictions, policy cancellation or even questionable increases in premium. Regardless of your reason, switching companies is pretty easy and you might even save some money in the process.

As you shop your coverage around, it’s a bad idea to buy poor coverage just to save money. There are a lot of situations where consumers will sacrifice uninsured motorist or liability limits and learned later that the few dollars in savings costed them thousands. Your goal should be to purchase a proper amount of coverage for the lowest cost, but do not skimp to save money.

Other learning opportunities

Comments About 2018 Audi R8 Insurance

  1. Melia Bullock

    Quoted with 21st Century for my Audi and saved around $340 a year.

  2. Giselle Stephens

    Why are claims settled so low?

  3. Charlene Acosta

    Live in the western part of Tacoma, WA. Quoted prices from Auto-Owners, Sentry, and some smaller one I can’t remember the name of for my 2018 Audi R8 and saved about $450 a year. I even had a DUI years ago.

  4. Chelsey Orr

    I found pretty cheap rate quotes for a 2018 Audi R8 in Jersey City, New Jersey. Ended up at roughly $240 every six months with Amica. Left Safeco to switch. I think they have home insurance too. Highly recommended.

  5. Duane Middleton

    Located in Las Vegas, NV. Don’t remember every company but I ended up saving about $50 each month.