Cheaper 2002 Audi S8 Insurance Rates

Searching for lower insurance coverage rates for your Audi S8? Overwhelmed by the number of insurance coverage companies? You’re not the only one! You have so many choices that it can be a ton of work to find better rates.

Don’t pay full price with these discounts

Companies that sell car insurance don’t list all available discounts very clearly, so we researched both the well known as well as the least known insurance coverage savings.

  • Organization Discounts – Affiliation with a civic or occupational organization is a good way to get lower rates on insurance coverage on S8 coverage.
  • Drive Less and Save – Driving fewer miles could qualify for lower rates on the low mileage vehicles.
  • Save over 55 – Mature drivers may receive a small decrease in premiums on S8 coverage.
  • Military Rewards – Being deployed with a military unit can result in better rates.
  • Discounts for Safe Drivers – Safe drivers can get discounts for up to 45% lower rates on S8 coverage than their less cautious counterparts.
  • Life Insurance – Larger companies have a break if you buy auto and life insurance together.
  • Good Student Discount – Performing well in school can save 20 to 25%. Earning this discount can benefit you well after school through age 25.
  • Accident Waiver – A handful of insurance companies will allow you to have one accident without raising rates so long as you haven’t had any claims prior to the accident.

It’s important to note that some credits don’t apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. Just because it seems like adding up those discounts means a free policy, it just doesn’t work that way.

A partial list of companies that may have these benefits are:

Double check with each insurance company what discounts are available to you. All car insurance discounts may not be available everywhere.

Compare Auto Insurance Costs

Effectively comparing auto insurance prices can take hours if you don’t know the most efficient way. You can spend countless hours driving to insurance agencies in your area, or you could use online quoting to accomplish the same thing much quicker.

The majority of car insurance companies belong to an insurance system where prospective buyers enter their coverage request one time, and every company then returns a price quote based on the submitted data. This system prevents you from having to do form submissions for each company you want a rate for.

To get comparison pricing now click here (opens in new window).

One minor caviat to getting quotes like this is you cannot specify which companies you will receive quotes from. So if you prefer to pick specific providers to receive pricing from, we have a page of low cost auto insurance companies in your area. Click here for list of insurance companies.

Whichever method you choose, make absolute certain that you use exactly the same coverage limits with each company. If you are comparing different values for each quote you can’t possibly determine the best price for your Audi S8. Quoting even small variations in limits could mean much higher rates. And when price shopping your coverage, quoting more helps locate better pricing.

These factors can influence Audi S8 insurance rates

Smart consumers have a good feel for some of the elements that play a part in calculating insurance coverage rates. Understanding what influences your rates empowers consumers to make smart changes that could result in much lower annual insurance costs.

  • Pleasure use saves money – The more miles you rack up on your Audi in a year’s time the more you will pay for insurance coverage. The majority of insurers charge to insure your cars based on how the vehicle is used. Cars used primarily for pleasure use receive lower rates than vehicles that are driven to work every day. An improperly rated S8 may be costing you. Double check that your insurance coverage policy shows how each vehicle is driven, because improper ratings can cost you money.
  • Rates may be lower depending on your job – Did you know your job can affect your rates? Jobs such as real estate brokers, social workers and stock brokers have the highest rates in part from high stress and long work hours. On the other hand, occupations such as scientists, students and homemakers get better rates on S8 coverage.
  • High crash test scores lower rates – Safer cars get lower rates. Safer cars protect occupants better and better occupant protection translates into savings for insurance companies and thus lower rates. If the Audi S8 has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • More people means more accidents – Residing in a small town is a positive aspect when it comes to insurance coverage. Urban drivers have more traffic problems and a longer drive to work. Fewer drivers translates into fewer accidents as well as less vandalism and auto theft.
  • Allowing your policy to lapse raises rates – Not having insurance is against the law and you will pay a penalty because you let your insurance lapse. Not only will rates go up, getting caught without coverage might get you a steep fine or even jail time.You may need to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.
  • Lower rates with optional equipment – Driving a car that has an advanced theft prevention system can get you a discount on your insurance coverage. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.
  • Discounts for married couples – Getting married can actually save you money on insurance coverage. Having a significant other translates into being more mature than a single person it has been statistically shown that being married results in fewer claims.

Your personal situation dictates your coverage

When buying the right insurance coverage, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that can help discover if your situation would benefit from professional advice.

  • Do I have coverage when making deliveries for my home business?
  • Should I rate my 2002 Audi S8 as pleasure use or commute?
  • How much liability insurance is required?
  • Is a blown tire covered by insurance?
  • Do all my vehicles need collision coverage?
  • Am I insured when driving a different vehicle?
  • What if I owe more than I can insure my car for?

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed agent. To find an agent in your area, simply complete this short form.

Misconceptions in insurance coverage advertisements

State Farm, GEICO and Progressive continually stream ads in print and on television. All the companies make the same claim that you’ll save big after switching your policy. How do they all say the same thing? This is how they do it.

Insurance companies can use profiling for the type of customer they prefer to insure. An example of a desirable insured could be between the ages of 40 and 55, a clean driving record, and has a high credit rating. A driver who matches those parameters gets the lowest rates and therefore will pay quite a bit less when switching companies.

Potential customers who fall outside the “perfect” profile must pay higher prices which usually ends up with business not being written. The ads state “customers that switch” not “everyone that quotes” save that much money. This is how insurance companies can state the savings. This illustrates why drivers must get as many quotes as possible. It is impossible to predict which insurance coverage company will give you the biggest savings on Audi S8 insurance.

Learn about car insurance coverages for an Audi S8

Having a good grasp of your car insurance policy can help you determine the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Collision coverage

Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things such as backing into a parked car, hitting a mailbox, sustaining damage from a pot hole and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also increase the deductible in order to get cheaper collision rates.

Comprehensive coverages

This covers damage from a wide range of events other than collision. 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 hitting a bird, damage from a tornado or hurricane, fire damage, falling objects and rock chips in glass. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Audi S8.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Liability auto insurance

Liability coverage will cover damage that occurs to people or other property in an accident. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for things like pain and suffering, emergency aid and attorney fees. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for bills like EMT expenses, funeral costs, chiropractic care and doctor visits. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover you and your occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible

A penny earned…

In this article, we presented some good ideas how you can save on 2002 Audi S8 insurance. The key thing to remember is the more times you quote, the better your chances of lowering your rates. You may even discover the lowest premiums are with a lesser-known regional company.

As you restructure your insurance plan, it’s very important that you do not reduce needed coverages to save money. There are a lot of situations where an insured dropped full coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy enough coverage for the lowest price while not skimping on critical coverages.

Drivers switch companies for any number of reasons including lack of trust in their agent, delays in paying claims, high rates after DUI convictions and poor customer service. Whatever your reason, finding a great new company is less work than it seems.

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