Cheap 1991 Audi V8 Insurance Cost

Are you a victim of an underperforming, overpriced auto insurance policy? Trust us when we tell you many consumers are feeling buyer’s remorse and feel like there’s no way out.

Big companies like State Farm, GEICO and Farmers Insurance promote their brand names with TV and radio ads and consumers find it hard to see through the cute green geckos and mayhem and find the best price available.

It’s a good habit to take a look at other company’s rates periodically since insurance rates change regularly. If you had the best deal for V8 coverage a year ago the chances are good that you can find a lower rate today. There is a lot of wrong information about auto insurance on the web, but I’m going to show you some good information on how to buy auto insurance cheaper.

If you have car insurance now, you will most likely be able to lower your premiums substantially using these techniques. Choosing the best insurance company for you is not rocket science. But consumers need to have an understanding of how the larger insurance companies sell insurance online and apply this information to your search.

Don’t overlook these discounts

Properly insuring your vehicles can get expensive, but you may find discounts to cut the cost considerably. Larger premium reductions will be automatically applied at the time of purchase, but lesser-known reductions have to be specially asked for before being credited.

  • Senior Discount – Older drivers can possibly qualify for reduced rates for V8 coverage.
  • Multiple Policy Discount – When you have multiple policies with one company you may save up to 20% off your total premium.
  • Multiple Cars – Insuring all your vehicles on one policy qualifies for this discount.
  • Club Memberships – Belonging to a qualifying organization is a good way to get lower rates on car insurance for V8 coverage.
  • Pay Upfront and Save – If paying your policy premium upfront instead of monthly or quarterly installments you could save 5% or more.
  • No Claims – Good drivers with no accidents pay much less compared to frequent claim filers.
  • Government Employees – Being employed by or retired from a federal job may qualify you for a discount for V8 coverage with certain companies.

A little note about advertised discounts, most discount credits are not given to the entire cost. Most only reduce specific coverage prices like medical payments or collision. So even though it sounds like adding up those discounts means a free policy, it doesn’t quite work that way. But all discounts will bring down the amount you have to pay.

To see a list of companies offering car insurance discounts, follow this link.

Impacting insurance rates for an Audi V8

An important part of buying insurance is that you know the different types of things that play a part in calculating your car insurance rates. Having a good understanding of what determines base rates empowers consumers to make smart changes that will entitle you to big savings.

  • More than one policy can earn a discount – Many car insurance companies will award you with lower prices to people who consolidate policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s still a good idea to comparison shop to confirm you are receiving the best rates possible. You may still find better rates by buying insurance from more than one company.
  • Men are more aggressive – Statistics have proven that men are more aggressive behind the wheel. However, don’t assume that men are WORSE drivers than women. Women and men cause accidents in similar numbers, but the males cause more damage and cost insurance companies more money. They also have more aggressive citations such as reckless driving.
  • Rates may be higher depending on your occupation – Careers like doctors, architects and financial analysts tend to have higher average rates due to stressful work requirements and long work hours. Conversely, occupations like scientists, engineers and retirees receive lower rates for V8 coverage.
  • Traffic violations increase rates – A bad driving record has a big impact on rates. Good drivers tend to pay less for car insurance than their less careful counterparts. Even one moving violation can increase rates forty percent or more. If you have dangerous violations like DWI, reckless driving or hit and run convictions may find they need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to prevent a license revocation.
  • Safer cars are cheaper to insure – Vehicles with high crash test scores tend to have better insurance rates. These vehicles reduce injuries and any reduction in injury severity translates into savings for insurance companies and thus lower rates. If your Audi has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • What are your deductibles? – Deductibles for physical damage represent how much money you are required to spend if you file a covered claim. Insurance for physical damage to your car, also known as collision and other-than-collision, covers damage that occurs to your car. A few examples of covered claims are colliding with a building, damage caused by hail, and windstorm damage. The more expense you have to pay, the lower your rates will be for V8 coverage.

Is my situation unique?

When buying adequate coverage, there really is not a best way to insure your cars. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that may help highlight whether you may require specific advice.

  • What is UM/UIM insurance?
  • Can I afford to buy a different vehicle if my 1991 Audi V8 is totaled?
  • Is a fancy paint job covered?
  • Is my teenager covered with friends in the car?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • What if I don’t agree with a claim settlement offer?
  • What is an SR-22 filing?
  • Do I need rental car coverage?
  • Do I have coverage when making deliveries for my home business?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Auto insurance coverages

Learning about specific coverages of insurance can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement. Below you’ll find the usual coverages offered by insurance companies.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Audi V8.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for immediate expenses like chiropractic care, prosthetic devices and dental work. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible

Collision insurance

This will pay to fix damage to your V8 resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like hitting a mailbox, backing into a parked car, rolling your car, sideswiping another vehicle and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to raise the deductible to bring the cost down.

Liability insurance

Liability coverage will cover injuries or damage you cause to people or other property that is your fault. This coverage protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as repair bills for other people’s vehicles, medical expenses, repair costs for stationary objects, funeral expenses and structural damage. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as fire damage, damage from a tornado or hurricane, rock chips in glass, a tree branch falling on your vehicle and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Affordable insurance is out there

We just presented many ways to save on 1991 Audi V8 insurance. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding lower rates. You may even find the most savings is with the least-expected company. Some small companies may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive and GEICO.

The cheapest insurance can be bought both online and also from your neighborhood agents, so you should be comparing quotes from both to have the best chance of lowering rates. A few companies may not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.

More detailed auto insurance information is available in the articles below: