Lower Your 2016 Audi S8 Insurance Rates

Looking for lower insurance rates? Shoppers have options when shopping for the lowest priced Audi S8 insurance. They can either spend hours calling around getting price quotes or leverage the internet to find the lowest rates.

There is a right way and a wrong way to buy insurance and we’ll show you the proper way to compare rates for your Audi and get the lowest price.

It’s a good habit to shop coverage around once or twice a year because prices are constantly changing. Just because you had the lowest rates for S8 coverage six months ago there may be better deals available now. Forget anything you know (or think you know) about insurance because you’re about to learn the best methods to eliminate unnecessary coverages and save money.

The cheapest car insurance rate quotes online

There are several ways to compare car insurance prices but some are less time-consuming than others. You could waste a few hours discussing policy coverages with agents in your area, or you could save time and use the internet to accomplish the same thing much quicker.

Many of the larger companies participate in a marketplace where prospective buyers send in one quote, and every company then gives them pricing based on the submitted data. This eliminates the need for form submissions for each company you want a rate for.

To enter your information into the quoting system, click here (opens in new window).

The one downside to doing it this way is you can’t choose which providers you want to price. So if you want to choose specific insurance companies to compare, we have assembled a list of the cheapest car insurance companies in your area. View list of insurance companies.

Whichever way you choose to compare rates, make sure you compare exactly the same coverages for each comparison quote. If you have different data it will be nearly impossible to make a fair rate comparison.

Use discounts to get cheaper car insurance rates

Not many people think insurance is cheap, but there could be available discounts to help bring down the price. Certain reductions will be credited when you complete an application, but a few must be asked for before you will receive the discount.

  • No Accidents – Insureds with no claims or accidents pay much less compared to policyholders that have many claims.
  • Save with a New Car – Buying a new car instead of a used car can cost up to 25% less since newer models have better safety ratings.
  • Payment Method – If you can afford to pay the entire bill instead of making monthly payments you can actually save on your bill.
  • Government Employee Discount – Active or former government employment could qualify for a slight premium decrease for S8 coverage with certain companies.
  • Multi-Vehicle Discounts – Purchasing coverage when you have more than one vehicle on one policy could earn a price break for each car.
  • Data Collection Discounts – Insureds that choose to allow their insurance company to analyze their driving habits by using a telematic data system such as State Farm’s In-Drive might get better premium rates if they exhibit good driving behavior.
  • Military Discounts – Being deployed in the military may qualify for rate reductions.
  • Good Student – Being a good student could provide a savings of up to 20% or more. The discount lasts up to age 25.
  • Home Ownership Discount – Just owning your own home may trigger a policy discount on car insurance since home ownership requires a higher level of personal finance.
  • Seat Belts Save – Forcing all vehicle occupants to buckle their seat belts could save 15% on the premium charged for medical payments and/or PIP.

As is typical with insurance, most discount credits are not given to the overall cost of the policy. A few only apply to specific coverage prices like comp or med pay. Even though it may seem like you can get free auto insurance, that’s just not realistic. Any amount of discount will definitely lower your premiums.

To locate companies with the best car insurance discounts, follow this link.

Tailor your auto insurance coverage to you

When it comes to choosing coverage, there really is not a single plan that fits everyone. Everyone’s situation is unique.

Here are some questions about coverages that might help in determining if you may require specific advice.

  • Am I covered when driving on a suspended license?
  • Does my 2016 Audi S8 qualify for pleasure use?
  • Does my insurance cover my expensive audio equipment?
  • Will my insurance pay for OEM parts?
  • Do I really need UM/UIM coverage?
  • How high should my medical payments coverage be?
  • Does insurance cover tools stolen from my truck?
  • Is extra glass coverage worth it?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, free and may give you better protection.

Why you might pay inflated rates

Lots of factors are taken into consideration when quoting car insurance. A few of the factors are predictable such as your driving record, but other factors are not as apparent such as whether you are married and annual miles driven.

  • Always keep your coverage in place – Not maintaining insurance is illegal and companies may charge more for letting your coverage have a gap. And not only will your rates increase, the inability to provide proof of insurance may earn you fines and jail time.
  • Policy add-ons could be costing you – There are quite a few optional add-on coverages that you can buy if you don’t pay attention. Coverages for replacement cost coverage, accident forgiveness, and term life insurance may be costing you every month. These coverages may sound good when talking to your agent, but your money might be better spent on other coverage so get rid of them and save.
  • Pay more out-of-pocket – Protection for physical damage, also known as collision and other-than-collision, covers damage that occurs to your Audi. Some examples of covered claims are running into the backend of another car, hail damage, and burglary. Comprehensive and collision coverage deductibles are how much the insured will be required to pay before a claim is paid by your company. The more money you choose to pay out-of-pocket, the less your insurance coverage will be for S8 coverage.
  • Your address can affect price – Choosing to live in less populated areas has definite advantages when talking about insurance coverage. Less people living in that area corresponds to lower accident rates. People who live in big cities have to deal with more auto accidents and a longer drive to work. The longer drive time means a statistically higher chance of an accident.
  • Liability safeguards assets – Liability coverage kicks in when a jury decides you are liable for damages caused by your negligence. It provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.
  • Vocation reflects on rates – Do you work in a high-stress field? Careers such as doctors, social workers and emergency personnel tend to have the highest average rates attributed to high stress levels and lots of time spent at work. Other jobs such as actors, students and homemakers pay lower than average rates for S8 coverage.
  • Safety ratings are a factor – Safer cars cost less to insure. The safest vehicles help reduce the chance of injuries in an accident and better occupant protection means your insurance company pays less which can result in lower premiums. If your Audi is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Too many insurance coverage claims will drive rates up – Car insurance companies award cheaper rates to people who are not frequent claim filers. If you’re an insured who likes to file claims you can definitely plan on higher rates. Insurance coverage is intended for the bigger claims that can’t be paid out-of-pocket.

Beware of misleading car insurance ads

Consumers can’t avoid all the ads for car insurance savings from the likes of State Farm, GEICO and Progressive. All the companies state the claim that you can save if you get a free car insurance quote and switch your coverage.

That’s great but how can every company charge lower premium rates? This is the way they can do it.

Many companies give the best rates for the right customer they prefer to insure. For example, this type of insured should be over age 30, has other policies, and has great credit. A driver that fits those parameters will get a cheap rate quote and will most likely save money with a new company.

Potential insureds who don’t measure up to the ideal profile will probably be forced to pay higher premiums and this results in the customer buying from a different company. The ads state “drivers who switch” but not “all drivers who get quotes” will save that much if they switch. That is how companies can advertise the savings.

Each company has different criteria, so it is so important to compare as many free car insurance quotes as you can. It’s impossible to know which insurance companies will fit you best based on your risk profile.

Auto insurance policy specifics

Having a good grasp of your auto insurance policy can be of help when determining the best coverages and proper limits and deductibles. Auto insurance terms can be ambiguous and reading a policy is terribly boring.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses like chiropractic care, surgery, prosthetic devices and ambulance fees. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Auto collision coverage

This coverage pays to fix your vehicle from damage caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as crashing into a ditch, hitting a parking meter, crashing into a building and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Comprehensive coverages

This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things such as fire damage, hitting a bird and vandalism. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured and underinsured coverage

This provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family and also any damage incurred to your Audi S8.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Normally these coverages are set the same as your liablity limits.

Coverage for liability

This will cover damage that occurs to other’s property or people. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things such as legal defense fees, emergency aid, court costs, structural damage and medical services. How much liability coverage do you need? That is your choice, but buy higher limits if possible.

In conclusion

You just read quite a bit of information on how to reduce 2016 Audi S8 insurance prices online. The most important thing to understand is the more providers you compare, the higher your chance of finding affordable car insurance. You may be surprised to find that the most savings is with the least-expected company.

As you quote car insurance, don’t be tempted to buy lower coverage limits just to save a few bucks. There are a lot of situations where consumers will sacrifice liability limits or collision coverage and learned later that it was a big mistake. Your goal should be to buy a smart amount of coverage at the best cost and still be able to protect your assets.

There are still a few companies who may not provide rate quotes online and usually these regional insurance providers provide coverage only through independent agents. Cheaper insurance coverage is attainable on the web and also from your neighborhood agents, so you need to compare both to have the best chance of lowering rates.

Much more information about insurance coverage can be found on the following sites: