2014 Audi R8 Insurance Quotes

Buyers have many options when searching for the best price on Audi R8 insurance. You can either spend your time driving around to get rate comparisons or utilize the internet to find the lowest rates.

There are more efficient ways to compare insurance coverage rates so we’re going to tell you the absolute fastest way to quote coverages for your Audi and obtain the lowest possible price from both online companies and local agents.

It’s a good habit to check insurance coverage prices on a regular basis because prices fluctuate regularly. If you had the lowest rates on R8 coverage last year you can probably find a lower rate today. Forget anything you know (or think you know) about insurance coverage because I’m going to let you in on the secrets to the proper way to find the best coverage while lowering your premiums.

Insurance Comparison Rates

Getting a lower price on 2014 Audi R8 insurance is surprisingly easy. Consumers just need to invest a little time comparing rates from different insurance companies. This can be accomplished in several different ways.

  • The first (and easiest) way consumers can analyze rates is a comparison rater form (click to open form in new window). This type of form keeps you from doing separate quotation requests for each company. A single, simple form will return price quotes from several companies. This is perfect if you don’t have a lot of time.
  • A more time consuming way to compare prices requires a trip to each individual company website and request a quote. For examples sake, let’s assume you want rates from Farmers, Progressive and Liberty Mutual. To get each rate you have to spend time on each company’s site and enter your information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.
  • The most time-consuming method of comparing rate quotes is driving around to local insurance agencies. Shopping for insurance online can eliminate the need for a local agent unless you require the professional advice of a licensed agent. You can, however, compare the best prices online and still use a local agent and we’ll touch on that later.

However you get your quotes, be sure to compare exactly the same coverage limits and deductibles with each company. If you are comparing mixed coverages it will be very difficult to decipher which rate is best.

Do you qualify for discounts?

Insuring your fleet can be pricey, but there are discounts available that can drop the cost substantially. Larger premium reductions will be automatically applied when you purchase, but some may not be applied and must be manually applied before being credited. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.

  • Theft Prevention Discount – Cars that have factory anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
  • Club Memberships – Belonging to a qualifying organization is a good way to get lower rates when buying auto insurance on R8 coverage.
  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less on R8 coverage than less cautious drivers.
  • Drive Less and Save – Driving fewer miles could be rewarded with a substantially lower rate.
  • Save with a New Car – Insuring a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Multi-car Discount – Insuring more than one vehicle with the same company could earn a price break for each car.

Keep in mind that most credits do not apply to the overall cost of the policy. Most only reduce specific coverage prices like collision or personal injury protection. Even though it may seem like you can get free auto insurance, it just doesn’t work that way. But all discounts will bring down the cost of coverage.

To see a list of insurance companies offering auto insurance discounts, click here to view.

Don’t assume everyone needs the same coverage

When it comes to buying adequate coverage, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that can aid in determining whether you could use an agent’s help.

  • Do I need special endorsements for business use of my vehicle?
  • When should my teen driver be added to my policy?
  • What if I don’t agree with a claim settlement offer?
  • Does coverage extend to my business vehicle?
  • How does medical payments coverage work?
  • Will my insurance pay for OEM parts?
  • Do all my vehicles need collision coverage?
  • When should I buy a commercial auto policy?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, fill out this quick form. It is quick, free and you can get the answers you need.

Car insurance coverage specifics

Understanding the coverages of your policy helps when choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Comprehensive auto coverage

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as a broken windshield, theft, damage from flooding, hitting a deer and vandalism. The highest amount your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage protection

This covers damage to your R8 resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a building, sideswiping another vehicle, backing into a parked car, rolling your car and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Auto liability

Liability coverage provides protection from injuries or damage you cause to other’s property or people that is your fault. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

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 policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as repair bills for other people’s vehicles, medical expenses, attorney fees, structural damage and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but consider buying as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 2014 Audi R8.

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. For this reason, having high UM/UIM coverages is very important. Normally these coverages are set the same as your liablity limits.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for expenses such as ambulance fees, X-ray expenses, surgery, hospital visits and prosthetic devices. They are often utilized in addition to your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Shop smart and save

Discount 2014 Audi R8 insurance is possible from both online companies as well as from independent agents, so compare prices from both to get a complete price analysis. Some insurance providers don’t offer online price quotes and most of the time these smaller companies sell through independent agents.

Drivers who switch companies do it for a variety of reasons including unfair underwriting practices, poor customer service, high rates after DUI convictions or even policy non-renewal. Regardless of your reason for switching companies, choosing a new insurance company is pretty simple and you could end up saving a buck or two.

As you prepare to switch companies, you should never reduce coverage to reduce premium. There have been many situations where someone dropped full coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The proper strategy is to buy enough coverage for the lowest price while not skimping on critical coverages.

More detailed insurance information is located in these articles: