Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Oct 5, 2015

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Trying to find lower insurance coverage rates for your Audi V8? Think you have an expensive insurance coverage policy? It’s a common feeling and there are many drivers thinking the same thing. Insurance companies such as Progressive, GEICO and Farmers Insurance all claim big savings, bombarding you with TV and radio ads and it can be hard to avoid their marketing magic and effectively compare rates to find the best deal.

Get cheap insurance rates with discounts

Insurance can be pricey, but you may be missing some discounts to cut the cost considerably. Most are applied when you complete an application, but a few must be asked about before being credited.

  • Drive Safe and Save – Insureds without accidents can pay as much as 50% less for V8 insurance compared to accident prone drivers.
  • Include Life Insurance and Save – If the company offers life insurance, you could get a lower premium rate if you buy some life insurance in addition to your auto policy.
  • Smart Student Discounts – A discount for being a good student can get you a discount of up to 25%. Most companies allow this discount up until you turn 25.
  • Homeowners Savings – Just owning your own home can help you save on insurance since home ownership demonstrates responsibility.
  • Discount for Low Mileage – Keeping the miles down on your Audi could earn slightly better rates than normal.
  • Defensive Driver Discount – Taking part in a course in defensive driver could cut 5% off your bill if your company offers it.
  • Discount for New Cars – Insuring a new car can save up to 30% since new model year vehicles are generally safer.
  • Professional Organizations – Having an affiliation with a civic or occupational organization may earn a discount on your bill.
  • Accident-Free Discounts – Claim-free drivers pay much less as opposed to bad drivers.
  • Accident Forgiveness Coverage – This one isn’t a discount, but companies like State Farm, Progressive and GEICO may permit one accident before raising your premiums if you are claim-free prior to being involved in the accident.

Consumers should know that most discounts do not apply to the entire policy premium. Most only reduce the cost of specific coverages such as comprehensive or collision. Even though it may seem like all the discounts add up to a free policy, that’s just not realistic.

To find companies that offer discounts, click here to view.

Enter your zip code below to view companies that have cheap auto insurance rates.

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How to shop car insurance online

Most companies like Allstate, GEICO and Progressive provide prices for coverage direct online. Doing online price comparisons is very simple as you simply enter as detailed in the form. After the form is submitted, their system obtains credit information and your driving record and generates a price based on the information you submitted. Online quotes makes it a lot easier to compare rates but the time it takes to visit multiple sites and type in the same information is not the best way to spend an afternoon. But it’s necessary to compare as many rates as possible if you are searching for the best price possible.

There is a better way!

The easiest way to find cheaper rates requires only one form to obtain quotes from more than one company. The form is fast, requires less work, and makes rate comparisons much more enjoyable. After your information is entered, it is quoted with multiple companies and you can pick any of the resulting price quotes.

If a lower price is quoted, you can simply submit the application and purchase the new policy. This process takes 15 minutes at the most and could lower your rates considerably.

To save time and compare rates using this form now, simply click here to open in new window and submit your coverage information. If you currently have coverage, we recommend you type in coverages and limits just like they are on your policy. This guarantees you’re receiving comparison quotes based on identical coverages.

Quote Audi V8 insurance at a discount

When buying car insurance it’s important to understand the factors that play a part in calculating the rates you pay for car insurance. When you know what positively or negatively determines premiums, this allows you to make educated decisions that could help you find big savings.

The list below includes some of the things utilized by car insurance companies to help set prices.

  • Get married and get better rates – Your spouse can get you a discount compared to being single. Having a significant other translates into being more financially stable and it’s statistically proven that married drivers tend to file fewer claims.
  • Safer occupants lowers car insurance rates – Safe vehicles get lower rates. Vehicles engineered for safety have better occupant injury protection and fewer injuries translates directly to fewer claims and more competitive rates for policyholders.
  • Liability insurance safeguards assets – Liability insurance kicks in when a jury decides you are liable for causing damage or personal injury in an accident. Liability provides for a legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
  • More traffic equals higher rates – Choosing to live in areas with lower population is a good thing when trying to find low car insurance rates. People who live in big cities have more aggressive driving styles and a longer drive to work. Less people means a lower chance of having an accident in addition to fewer liability claims.
  • Driver age impacts rates – Inexperience drivers tend to get distracted easily in a vehicle therefore car insurance rates are much higher. Having to add a beginning driver to your policy can cause a big jump in price. Mature drivers are proven to be safer behind the wheel, cost insurance companies less in claims and get fewer tickets.
  • Combine policies with the same company – The majority of insurance companies give lower prices to buyers who consolidate policies with them in the form of a multi-policy discount. Discounts can amount to ten or even fifteen percent. Even with this discount, you still need to compare rates to confirm you are receiving the best rates possible. It’s possible to still find lower rates by buying car insurance from a different company.
  • Bad credit hurts insurance premiums – Having a bad credit score is a big factor in calculating your car insurance rates. Drivers who have very good credit scores tend to be better drivers and file fewer claims than drivers who have poor credit. If your credit history is not that good, you could potentially save money when insuring your 1994 Audi V8 by spending a little time repairing your credit.
  • Drive fewer miles and save – The higher the miles on your Audi each year the more you will pay for car insurance. Most companies price each vehicle’s coverage based on their usage. Cars used primarily for pleasure use receive better premium rates than vehicles that have high annual mileage. It’s always a good idea to double check that your declarations sheet correctly shows how each vehicle is driven, because it can save money. Having the wrong rating on your V8 may be costing you higher rates.

Tailor your insurance coverage to you

When choosing proper insurance coverage, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions might help in determining whether you would benefit from professional advice.

  • What is roadside assistance coverage?
  • Are my tools covered if they get stolen from my vehicle?
  • Should I sign the liability waiver when renting a car?
  • Does car insurance cover theft of personal property?
  • Do I need motorclub coverage?
  • I have a DUI can I still get coverage?
  • Should I get collision insurance on every vehicle?
  • Is rental equipment covered for theft or damage?
  • Am I covered if I break a side mirror?
  • Am I covered when delivering products for my home-based business?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Learn about auto insurance coverages for a 1994 Audi V8

Having a good grasp of your policy can help you determine appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Listed below are typical coverages available from auto insurance companies.

Collision – Collision coverage covers damage to your V8 resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as sustaining damage from a pot hole, hitting a mailbox and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as surgery, X-ray expenses and hospital visits. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is not universally available and may carry a deductible

Liability car insurance – This provides protection from injuries or damage you cause to people or other property by causing an accident. It protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims such as emergency aid, bail bonds, court costs, repair costs for stationary objects and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

Comprehensive (Other than Collision) – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from getting keyed, falling objects, damage from a tornado or hurricane and a broken windshield. The most your auto insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Protection from uninsured/underinsured drivers – This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Audi V8.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually these coverages are similar to your liability insurance amounts.

Summing up your insurance coverage search

You just learned a lot of ways to compare 1994 Audi V8 insurance premium rates online. The key concept to understand is the more companies you get prices for, the higher your chance of finding affordable insurance coverage. Consumers could even find that the lowest premium rates come from the smaller companies. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like State Farm or Progressive.

As you prepare to switch companies, you should never skimp on coverage in order to save money. In too many instances, someone sacrificed uninsured motorist or liability limits to discover at claim time they didn’t purchase enough coverage. The aim is to buy the best coverage you can find for the lowest price while still protecting your assets.

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