Save on 2014 Audi S7 Insurance Rates

Are you a victim of an overpriced insurance coverage policy? Believe me when I say there are lots of people in the same boat. Many insurers vie for your hard-earned dollar, so it can be very hard to choose a company to find the best price available.

If you have a policy now or are just looking to switch companies, you will benefit by learning to shop for the lowest rates and still get good coverage. Finding affordable coverage is not that difficult. Drivers just need to understand how to shop for auto insurance over the internet.

Why you might be paying too much to insure your Audi S7

It’s important that you understand the factors that play a part in calculating the price you pay for car insurance. Understanding what determines base rates helps enable you to make changes that will entitle you to lower car insurance prices.

  • Claim-free discounts can add up – Car insurance companies provide better rates to drivers who do not file claims often. If you tend to file frequent claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Auto insurance is designed for the large, substantial claims.
  • Drive less and save money – Driving more miles each year the higher your rates will be. Most companies charge to insure your cars based on how the vehicle is used. Vehicles used primarily for pleasure use receive lower rates as compared to vehicles used primarily for driving to work. Having the wrong rating on your S7 can cost quite a bit. Double check that your car insurance coverage shows the proper vehicle usage, because improper ratings can cost you money.
  • Your spouse saves you money – Getting married helps lower the price when buying car insurance. Having a spouse is viewed as being more mature and responsible and it’s statistically proven that married couples file fewer claims.
  • How credit affects car insurance rates – Your credit score is a huge factor in calculating your car insurance rates. Drivers with excellent credit tend to file fewer claims and have better driving records as compared to drivers with poor credit. Therefore, if your credit score is low, you could save money insuring your 2014 Audi S7 by spending a little time repairing your credit.
  • Tickets mean higher rates – A bad driving record impacts your car insurance rates tremendously. Even one citation can boost insurance rates forty percent or more. Careful drivers tend to pay less for car insurance than bad drivers. If you have serious violations like reckless driving, hit and run or driving under the influence may find they need to file a SR-22 with their state DMV in order to continue driving.

Cut your premium with discounts

Properly insuring your vehicles can get expensive, but you may find discounts to help offset the cost. Some discounts apply automatically at quote time, but some must be specially asked for prior to receiving the credit. If you don’t get every credit you deserve, you’re paying more than you need to.

  • Multi-car Discount – Buying coverage for more than one vehicle on one policy may reduce the rate for each vehicle.
  • Claim Free – Drivers who don’t have accidents pay much less when compared with bad drivers.
  • Federal Employees – Active or retired federal employment can save as much as 8% for S7 insurance with select insurance companies.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents may save up to 50% more for S7 insurance than drivers with accidents.
  • Passive Restraints – Vehicles equipped with air bags or automatic seat belts may earn rate discounts of 20% or more.
  • Sign Online – Certain companies may give you up to $50 simply for signing on their website.
  • Homeowners Discount – Being a homeowner can help you save on insurance coverage because of the fact that having a home is proof that your finances are in order.
  • One Accident Forgiven – Some insurance companies allow you one accident without raising rates if you are claim-free prior to the accident.
  • Senior Discount – Mature drivers may receive a discount up to 10% for S7 insurance.
  • Driver’s Ed – Cut your cost by having your teen driver take driver’s ed class in high school.

Consumers should know that most credits do not apply the the whole policy. Most only reduce the cost of specific coverages such as liability and collision coverage. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way. But any discount will reduce the amount you have to pay.

For a list of companies with discount insurance coverage rates, click here.

Don’t listen to company ads

Consumers can’t get away from ads that promise big savings by companies like Geico, State Farm and Progressive. They all have a common claim about savings if you switch to them.

How can each company claim to save you money?

All companies have a preferred profile for the type of driver that makes them money. A good example of a driver they prefer could be over the age of 40, has no prior claims, and drives newer vehicles. A driver who matches those parameters will get very good rates and therefore will save a lot of money.

Potential customers who do not match the “perfect” profile will be quoted higher prices and this can result in the driver buying from a lower-cost company. The ads state “people who switch” not “everybody who quotes” save that kind of money. This is how insurance companies can confidently state the savings.

This emphasizes why you absolutely need to get a wide range of price quotes. It’s just too difficult to predict the company that will fit your personal profile best.

What is the best insurance coverage?

When it comes to buying proper insurance coverage, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance should reflect that Here are some questions about coverages that could help you determine whether your personal situation would benefit from professional advice.

  • Does coverage extend to my business vehicle?
  • What is an SR-22 filing?
  • What vehicles should carry emergency assistance coverage?
  • How much liability insurance is required?
  • Is motorclub coverage worth it?
  • How does medical payments coverage work?
  • Is my camper covered by my car insurance policy?
  • Why is insurance for a teen driver so high?
  • Are my friends covered when driving my 2014 Audi S7?
  • When would I need additional glass coverage?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Insurance policy specifics

Understanding the coverages of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Shown next are the normal coverages found on most insurance policies.

Liability auto insurance – This will cover damage that occurs to people or other property that is your fault. This insurance protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability can pay for things like attorney fees, medical expenses and loss of income. How much coverage you buy is your choice, but buy as much as you can afford.

Collision coverage – This pays for damage to your S7 caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as scraping a guard rail, crashing into a building, crashing into a ditch and hitting a mailbox. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.

Comprehensive or Other Than Collision – This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as falling objects, hitting a deer, damage from flooding and vandalism. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as hospital visits, prosthetic devices, ambulance fees and pain medications. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants 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 S7.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits are similar to your liability insurance amounts.

In the end, you save

When buying insurance coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. Too many times, consumers will sacrifice physical damage coverage and discovered at claim time they didn’t have enough coverage. Your aim should be to find the BEST coverage at an affordable rate, not the least amount of coverage.

Throughout this article, we presented many ideas to lower your 2014 Audi S7 insurance rates. The key concept to understand is the more times you quote, the better chance you’ll have of finding lower rates. You may even find the lowest rates come from a company that doesn’t do a lot of advertising. They may only write in your state and offer lower rates than their larger competitors like Geico and State Farm.

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