I can’t think of a single person who looks forward to paying for car insurance, particularly when their premiums are through the roof. Having so many choices of insurance companies, it can be hard to pick the most affordable provider.
Smart consumers take time to get comparison quotes periodically because insurance rates are constantly changing. Even if you think you had the lowest rates on V8 Quattro coverage a couple years back you can probably find a better price now. Don’t believe everything you read about car insurance on the internet, so we’re going to give you a bunch of ideas how to quit paying high car insurance rates.
These nine discounts can lower your rates
The price of auto insurance can be rather high, but discounts can save money and there are some available to help offset the cost. Certain discounts will be applied at the time of purchase, but some must be inquired about prior to receiving the credit. If you don’t get every credit available, you are paying more than you should be.
- Air Bag Discount – Cars that have air bags and/or automatic seat belt systems can receive discounts of 20% or more.
- Distant Student – Kids in college who attend school more than 100 miles from home without a vehicle on campus can be insured at a reduced rate.
- Braking Control Discount – Vehicles with anti-lock braking systems are safer to drive and therefore earn up to a 10% discount.
- Multi-car Discount – Insuring more than one vehicle on the same car insurance policy may reduce the rate for each vehicle.
- Homeowners Discount – Owning a home may trigger a car insurance policy discount because maintaining a house shows financial diligence.
- New Car Discount – Insuring a new car is cheaper due to better safety requirements for new cars.
- Low Mileage – Fewer annual miles on your Audi can earn a substantially lower rate.
- Federal Employees – Active or retired federal employment could cut as much as 10% off on V8 Quattro coverage with certain companies.
- Club Memberships – Being a member of certain professional organizations may earn a discount on car insurance on V8 Quattro coverage.
Drivers should understand that most discounts do not apply the the whole policy. Some only apply to individual premiums such as medical payments or collision. Just because you may think all the discounts add up to a free policy, companies wouldn’t make money that way. Any amount of discount will cut your overall premium however.
Which Car Insurance is Cheapest?
Most major insurance companies allow you to get price estimates directly from their websites. Getting quotes doesn’t take a lot of time as you just enter the coverages you want as requested by the quote form. Upon sending the form, their rating system obtains information on your driving record and credit history and returns a price quote. Being able to quote online helps simplify price comparisons, but the work required to visit a lot of sites and type in the same information is repetitive and time-consuming. But it’s very important to do this in order to get the best price on car insurance.
Quote rates the easy way
A more efficient way to lower your car insurance bill is to use a quote form that obtains quotes from more than one company. This type of form saves time, eliminates form submissions, and makes comparison shopping a lot less work. After sending your information, it is quoted with multiple companies and you can pick any one of the returned quotes.
If you find a better price you can click and sign and buy the policy. This process just takes a couple of minutes and can result in significant savings.
To find out if lower rates are available, simply click here to open in new window and begin entering your coverage information. To compare your current rates, we recommend you copy your coverages exactly as shown on your declarations page. Using the same limits helps guarantee you’re receiving comparison quotes for similar insurance coverage.
What about using a local agent?
Some consumers would prefer to buy from a licensed agent and that is just fine! Educated insurance agents can point out coverage gaps and give you someone to call. The best thing about comparing rates online is you may find better rates and still have an agent to talk to. Supporting small agencies is important particularly in smaller rural communities.
By using this short form, your information is instantly submitted to agents in your area who will return price quotes for your business. You never need to drive around because quoted prices will be sent straight to your inbox.
Independent or Captive: It’s your choice
When looking for an insurance agent, there are two types of agencies from which to choose. Agents are categorized either independent (non-captive) or captive. Both types can insure your vehicles, but it’s worth learning the differences because it can influence the type of agent you choose
Independent Agencies or Brokers
Independent agents are not required to write business for one company so they have the ability to put coverage with multiple insurance companies depending on which coverage is best. If your agent finds better pricing, the business is moved internally and you don’t have to find a new agent. When comparison shopping, it’s a good idea to include at a minimum one independent agency to ensure the widest selection of prices.
Captive Insurance Agents
Captive insurance agents have only one company to place business with and examples are AAA, Allstate, State Farm, Farmers Insurance or Liberty Mutual. They are unable to give you multiple price quotes so keep that in mind. Captives are well schooled on the products they sell which helps them compete with independent agents.
For a full directory of insurance agents, click here.
Deciding on an insurance agent shouldn’t rely on just the premium amount. Agents should be asked these questions:
- Do they carry Errors and Omissions coverage?
- Does the agency have a good rating with the Better Business Bureau?
- How are they compensated?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Will their companies depreciate repairs to your car based on the mileage?
- Who is covered by the car insurance policy?
Once you have received acceptable answers to your questions and an affordable coverage quote, you may have just found an insurance agent that is a good match to provide car insurance coverage. Just keep in mind consumers can cancel coverage any time you want so don’t think that you’re stuck with any specific agency for the full term.
Switch companies and save? Really?
Consumers can’t ignore all the ads for the lowest price auto insurance from the likes of Progressive, Allstate and GEICO. All the ads say the same thing about savings if you switch your coverage to them.
How does each company claim to save you money?
All the different companies have a certain “appetite” for the driver that earns them a profit. For instance, a driver they prefer could possibly be between the ages of 30 and 50, has no prior claims, and has a high credit rating. A customer who fits that profile is entitled to the best price and most likely will cut their rates substantially.
Consumers who don’t qualify for the requirements must pay higher prices and this can result in business not being written. Company advertisements say “people who switch” not “everyone that quotes” save that kind of money. That is how companies can advertise the way they do.
This illustrates why drivers should get a wide range of price quotes. It’s impossible to know the company that will fit your personal profile best.
Auto insurance coverages
Having a good grasp of a car insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Car insurance terms can be ambiguous and reading a policy is terribly boring. Shown next are typical coverage types found on most car insurance policies.
Uninsured/Underinsured Motorist coverage
This coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Normally these limits are identical to your policy’s liability coverage.
Coverage for liability
Liability coverage protects you from damage or injury you incur to other people or property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.
Liability can pay for claims like medical services, medical expenses, attorney fees and emergency aid. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.
Coverage for collisions
This coverage covers damage to your V8 Quattro resulting from a collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims like crashing into a building, hitting a parking meter, scraping a guard rail and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance provide coverage for bills for prosthetic devices, rehabilitation expenses, EMT expenses, funeral costs and chiropractic care. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay
Comprehensive coverage
Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims such as fire damage, vandalism, hail damage and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
What is YOUR best insurance company?
Discount Audi V8 Quattro insurance can be found online and also from your neighborhood agents, and you should be comparing both to have the best selection. A few companies may not provide online quoting and these regional insurance providers work with independent agents.
When buying insurance coverage, it’s not a good idea to reduce needed coverages to save money. In too many instances, someone dropped physical damage coverage only to discover later that the savings was not a smart move. The proper strategy is to buy the best coverage you can find at the best price, not the least amount of coverage.
In this article, we covered a lot of information how to reduce Audi V8 Quattro insurance prices online. The most important thing to understand is the more quotes you get, the better your chances of lowering your rates. Consumers could even find that the best price on car insurance is with the smaller companies. These companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm, GEICO and Nationwide.
