Lower Your 2002 Audi S8 Insurance Rates

There isn’t a single person who likes paying for insurance coverage, especially when they are aware that their premiums are through the roof. Due to the increasing number of options, it can be challenging to locate the best insurer.

It’s smart to take a look at other company’s rates on a regular basis because prices are variable and change quite frequently. Even if you got the lowest rate on S8 coverage a year ago you can probably find a lower rate today. Forget all the misinformation about insurance coverage because you’re about to find out the only way to buy cheaper insurance coverage.

Buying car insurance is quite easy. If you have a current insurance policy or need a new policy, you can use these techniques to shop for the lowest rates and still get good coverage. Drivers only need to know the most efficient way to shop for insurance online.

Take advantage of every insurance coverage discount

Buying insurance coverage is not cheap, but you may qualify for discounts to cut the cost considerably. Certain discounts will be triggered automatically when you quote, but once in a while a discount must be asked for before they will apply.

• Theft Deterent – Vehicles optioned with advanced anti-theft systems help deter theft and can earn a small discount on your policy.
• Defensive Driver Discounts – Taking part in a safe driver course is a good idea and can lower rates if you qualify.
• Payment Method – If you can afford to pay the entire bill instead of making monthly payments you may have a lower total premium amount.
• No Accidents – Drivers who stay claim-free can save substantially as opposed to drivers with a long claim history.
• Low Mileage Discounts – Driving less can qualify you for lower insurance coveragerates on the low mileage vehicles.
• Save with a New Car – Buying coverage on a new vehicle can be considerably cheaper because new model year vehicles keep occupants safer.
• Homeowners Pay Less – Owning your own home or condo can save a few bucks due to the fact that maintaining a home demonstrates responsibility.
• Multiple Policy Discount – If you combine your homeowners and auto policies and place coverage with the same company you could get a discount of over 10 percent off each policy depending on the company.
• Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can avoid accidents and qualify for as much as a 10% discount.

Consumers should know that most of the big mark downs will not be given to the entire policy premium. The majority will only reduce specific coverage prices like liability and collision coverage. Just because you may think you would end up receiving a 100% discount, you’re out of luck. But all discounts should help lower the cost of your policy.

Larger insurance coverage companies and some of the discounts are included below.

• Esurance policyholders can earn discounts including anti-lock brakes, anti-theft, renters, safety device, defensive driver, emergency road assistance, and DriveSense.
• The Hartford has savings for driver training, vehicle fuel type, air bag, anti-theft, and bundle.
• AAA may have discounts that include pay-in-full, anti-theft, good driver, multi-car, good student, and multi-policy.
• Geico offers premium reductions for daytime running lights, anti-lock brakes, multi-policy, military active duty, good student, and emergency military deployment.
• State Farm offers discounts including multiple policy, defensive driving training, passive restraint, Drive Safe & Save, and good student.

If you are trying to find inexpensive insurance quotes, ask each insurance company how you can save money. Depending on the company, some discounts may not apply to policies in your state. To choose insurance companies who offer free insurance coverage quotes, click here to view.

Four things that affect your insurance prices

Many things are part of the equation when premium rates are determined. A few of the factors are predictable like an MVR report, although others are more transparent such as your credit history or how safe your car is.

• Accidents cost more than a fine – Drivers with clean records get better prices compared to bad drivers. Only having one ticket may increase your cost twenty percent or more. Drivers who have received multiple violations like reckless driving or DUI may find that they have to to file a SR-22 with their state’s licensing department in order to legally drive a vehicle.
• Is your vehicle theft-ready? – Owning a car that has a built-in theft deterrent system can save you some money. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder vehicle theft.
• Never go without car insurance – Not having insurance is illegal and you may have a hard time finding new coverage because you let your insurance expire. And not only will insurance be more expensive, getting caught without coverage may earn you fines or a revoked license.
• Your vocation and car insurance rates – Did you know that where you work can have an impact on rates? Careers like military generals, executives and medical professionals have higher average rates due to intense work situations and long work days. On the other hand, jobs such as actors, students and homemakers generally pay rates lower than average on S8 coverage.

How to know if you need help

When it comes to choosing proper insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Every insured’s situation is different so your insurance needs to address that. For example, these questions may help highlight if your insurance needs may require specific advice.

• Is extra glass coverage worth it?
• What is PIP insurance?
• Does my medical payments coverage pay my health insurance deductible?
• How much can I save by bundling my policies?
• Can I afford to pay high deductible claims out of pocket?
• When would I need rental car insurance?
• Does my policy cover me when driving someone else’s vehicle?
• When can my company non-renew my policy?
• Will my insurance pay for OEM parts?

If you can’t answer these questions but one or more may apply to you, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Big brands don’t always mean big savings

Consumers can’t avoid all the ads that claim the cheapest rates from the likes of Geico, State Farm and Progressive. They all convey the message that people will save after switching your coverage.

That’s great but how can every company claim to save you money? You have to listen carefully.

Different companies quote the lowest rates for the driver that makes them money. For instance, a desirable insured should be between the ages of 30 and 45, has no driving citations, and drives less than 7,500 miles a year. Any customer who matches that profile gets the lowest car insurance rates and is almost guaranteed to save when switching.

Drivers who fall short of this ideal profile may be forced to pay a higher premium which results in business going elsewhere. The ads state “people who switch” not “everybody who quotes” save that kind of money. This is how companies can claim big savings. Because of this risk profiling, you should compare free insurance quotes often. It is impossible to guess which insurance companies will fit you best based on your risk profile.

Car insurance coverages for an Audi S8

Having a good grasp of your policy helps when choosing the best coverages and proper limits and deductibles. Car insurance terms can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages available from car insurance companies.

Collision coverages – Collision coverage will pay to fix damage to your S8 from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like crashing into a ditch, sustaining damage from a pot hole, colliding with a tree, sideswiping another vehicle and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.

UM/UIM Coverage – This protects you and your vehicle when other motorists either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Audi S8.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Medical costs insurance – Med pay and PIP coverage kick in for bills like hospital visits, pain medications and funeral costs. They are often used in conjunction with a health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive or Other Than Collision – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like fire damage, theft and a broken windshield. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Auto liability – This coverage provides protection from damages or injuries you inflict on a person or their property that is your fault. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability can pay for claims such as loss of income, repair bills for other people’s vehicles, medical expenses, pain and suffering and funeral expenses. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.

A penny earned…

We just covered many ideas to shop for 2002 Audi S8 insurance online. The most important thing to understand is the more quotes you get, the better your chances of lowering your car insurance rates. Consumers may even find the best rates are with some of the lesser-known companies. These companies may have significantly lower car insurance rates on certain market segments than the large multi-state companies such as Progressive or Geico.

When trying to cut insurance costs, never reduce coverage to reduce premium. In many instances, an insured dropped comprehensive coverage or liability limits only to find out that their decision to reduce coverage ended up costing them more. Your aim should be to get the best coverage possible for the lowest price but still have enough coverage for asset protection.

Additional insurance information can be read on the following sites:

• Safety Features for Your New Car (State Farm)
• Property Damage Coverage (Liberty Mutual)
• Your Car has been Stolen: Now What? (Allstate)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)