1993 Audi V8 Insurance Quotes – 8 Tips for Best Rates

Want cheaper car insurance rates for your Audi V8? People new to price shopping insurance online may find purchasing cheap car insurance is harder than they anticipated.

The purpose of this article is to teach you how to get online quotes and some tricks to saving. If you are paying for car insurance now, you will most likely be able to cut costs considerably using these methods. But consumers benefit from understanding how the larger insurance companies price online insurance and use this information to your advantage.

Lots of discounts mean lots of savings

Insurance can be prohibitively expensive, but you may find discounts to help bring down the price. Larger premium reductions will be automatically applied at the time you complete a quote, but less common discounts must be inquired about in order for you to get them.

  • New Vehicle Savings – Adding a new car to your policy can cost up to 25% less compared to insuring an older model.
  • Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less for V8 coverage than their less cautious counterparts.
  • Homeowners Pay Less – Owning a home may earn you a small savings because of the fact that having a home shows financial diligence.
  • Good Students Pay Less – Performing well in school can earn a discount of 20% or more. This discount can apply up until you turn 25.
  • Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
  • Payment Method – If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
  • Military Discounts – Being on active duty in the military could mean lower rates.
  • Discount for Swiching Early – Some companies give discounts for signing up before your current expiration date. The savings is around 10%.

It’s important to note that most discounts do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like it’s possible to get free car insurance, it doesn’t quite work that way. But all discounts will bring down your overall premium however.

For a list of companies with the best insurance discounts, follow this link.

The auto insurance bait and switch

State Farm and Allstate consistently run ads in print and on television. All the companies have a common claim of big savings if you change to them. But how can every company make the same claim?

All the different companies are able to cherry pick for the right customer they prefer to insure. A good example of a driver they prefer could be between 25 and 40, is a homeowner, and has a short commute. A customer that hits that “sweet spot” gets the lowest rates and most likely will pay quite a bit less when switching companies.

Drivers who don’t meet the “perfect” profile must pay higher rates and ends up with business not being written. The ads state “customers who switch” but not “drivers who get quotes” save money. That’s the way insurance companies can state the savings.

This illustrates why you absolutely need to compare as many rates as you can. Because you never know which company will have the lowest Audi V8 insurance rates.

Situations that might require an agent

When choosing coverage, there is no “best” method to buy coverage. Every insured’s situation is different.

Here are some questions about coverages that can aid in determining whether or not you would benefit from an agent’s advice.

  • Am I covered when driving someone else’s vehicle?
  • Do I need roadside assistance coverage?
  • What discounts do I qualify for?
  • I have health insurance so do I need medical payments coverage?
  • If my 1993 Audi V8 is totaled, can I afford another vehicle?
  • Am I covered when delivering products for my home-based business?
  • Is a blown tire covered by insurance?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form.

Coverages available on your insurance policy

Having a good grasp of a insurance policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Liability car insurance

This can cover damage or injury you incur to other’s property or people. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like medical expenses, bail bonds and court costs. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible.

Comprehensive (Other than Collision)

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as damage from flooding, a tree branch falling on your vehicle, vandalism, falling objects and hail damage. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for bills for things like funeral costs, rehabilitation expenses, X-ray expenses, pain medications and dental work. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This will pay to fix damage to your V8 from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like sideswiping another vehicle, crashing into a ditch, scraping a guard rail and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Audi V8.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these coverages are similar to your liability insurance amounts.

Get your money’s worth

Cheap 1993 Audi V8 insurance is definitely available from both online companies in addition to many insurance agents, so you should compare both in order to have the best chance of saving money. Some insurance companies do not provide online price quotes and usually these small insurance companies provide coverage only through local independent agents.

As you restructure your insurance plan, it’s very important that you do not sacrifice coverage to reduce premiums. There are many occasions where consumers will sacrifice collision coverage only to regret at claim time they didn’t have enough coverage. The aim is to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

In this article, we presented a lot of techniques to lower your insurance rates. The most important thing to understand is the more companies you get rates for, the better your chances of lowering your rates. You may be surprised to find that the lowest rates come from a small mutual company.

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