2016 Audi R8 Car Insurance Rates in 2024 – 8 Tips for Best Quotes

Trying to find cheaper auto insurance rates for your Audi R8? If you’re new to shopping for auto insurance quotes online, most likely you are bewildered by the confusing number of companies competing for your business.

Insurance rates and discounts

Insurance is easily one of your largest bills, but you might already qualify for some discounts that could drop your premiums quite a bit. Many discounts should be triggered at the time of purchase, but once in a while a discount must be asked for before you get the savings. If you’re not getting every credit you qualify for, you are just wasting money.

• Government Employee Discount – Simply working for the federal government can save as much as 8% for R8 coverage with select insurance companies.
• Senior Citizen Rates – Drivers over the age of 55 may qualify for a discount up to 10% for R8 coverage.
• Driving Data Discount – Drivers that enable companies to study vehicle usage by using a telematics device in their vehicle such as Progressive’s Snapshot might see lower rates if they show good driving skills.
• Discount for Home Ownership – Owning your own home or condo can get you a discount because owning a home means you have a higher level of financial diligence.
• Smart Student Discounts – A discount for being a good student can earn a discount of 20% or more. The discount lasts until age 25.
• No Claim Discounts – Insureds with no claims or accidents pay much less compared to bad drivers.
• Save with More Vehicles Insured – Buying a policy with multiple cars or trucks with the same company qualifies for this discount.
• Military Rewards – Having a family member in the military could trigger a small discount.

A quick disclaimer, most credits do not apply to all coverage premiums. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think you can get free auto insurance, insurance companies aren’t that generous.

Popular insurance companies and the discounts they provide are:

• Travelers offers premium reductions for multi-car, save driver, home ownership, good student, and multi-policy.
• 21st Century has savings for air bags, automatic seat belts, good student, theft prevention, and defensive driver.
• State Farm may include discounts for multiple policy, accident-free, good student, Drive Safe & Save, defensive driving training, driver’s education, and safe vehicle.
• GEICO may offer discounts for multi-policy, five-year accident-free, anti-theft, good student, driver training, anti-lock brakes, and emergency military deployment.
• SAFECO has discounts for homeowner, anti-theft, drive less, multi-car, accident prevention training, and anti-lock brakes.
• AAA includes discounts for pay-in-full, education and occupation, multi-policy, good student, multi-car, and anti-theft.

If you are trying to find affordable auto insurance quotes, ask all companies you are considering how you can save money. Savings may not apply to policyholders in your area.

The fastest way that we advise to compare rates is to know the trick car insurance companies pay for the opportunity to give rate comparisons. To get started, all you need to do is give the companies some data such as if you have an active license, which vehicles you own, types of safety features, and what you do for a living. That information is instantly provided to multiple companies and they return quotes very quickly.

To compare rates now, click here and complete the quick form.

Situations that may require an agent’s advice

When buying adequate coverage for your personal vehicles, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

For example, these questions may help you determine whether you may require specific advice.

• Exactly who is provided coverage by my policy?
• Does car insurance cover theft of personal property?
• Am I covered if I break a side mirror?
• Are my friends covered when driving my 2016 Audi R8?
• Is my custom paint covered by insurance?
• Is my camper covered by my car insurance policy?
• Am I covered when driving someone else’s vehicle?
• Is my state a no-fault state?
• Does my policy cover my teen driver if they drive my company car?
• Is my ex-spouse still covered by my policy?

If you’re not sure about those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, complete your zip code.

Car insurance 101

Having a good grasp of your car insurance policy aids in choosing which coverages you need and proper limits and deductibles. Car insurance terms can be ambiguous and reading a policy is terribly boring.

Collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like hitting a parking meter, sideswiping another vehicle, colliding with another moving vehicle and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Comprehensive coverages

This coverage covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims like damage from a tornado or hurricane, falling objects, hitting a deer and theft. The maximum payout 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 removing comprehensive coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like chiropractic care, nursing services, funeral costs and dental work. They are utilized in addition to your health insurance plan or if you do not have health coverage. They cover all vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection from other drivers when they 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 only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these coverages are similar to your liability insurance amounts.

Liability coverages

Liability coverage can cover damage or injury you incur to a person or their property by causing an accident. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Alternatively, you may have a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things such as bail bonds, medical expenses and funeral expenses. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Coverage on a shoestring budget

In this article, we covered some good ideas how you can lower your 2016 Audi R8 insurance prices. The key concept to understand is the more price quotes you have, the better your comparison will be. Consumers could even find that the biggest savings come from the smaller companies.

As you restructure your insurance plan, you should never sacrifice coverage to reduce premiums. There are too many instances where an insured dropped comprehensive coverage or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to purchase a proper amount of coverage at the best cost.

Drivers leave their current company for any number of reasons including poor customer service, high rates after DUI convictions, lack of trust in their agent and even not issuing a premium refund. It doesn’t matter what your reason, choosing a new company is not as difficult as it may seem.