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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Finding cheap Driverscar insurance could be hard for drivers not familiar with comparing prices online. With more and more companies, it can be a big hassle to locate the lowest coverage rates.

Consumers should take time to take a look at other company’s rates periodically because prices are usually higher with each renewal. Even if you think you had the best deal for R8 insurance a year ago there is a good chance you can find better premium rates now. You can search a lot of car insurance on the internet, but in this article, you’re going to get some guaranteed methods to save money.

Auto insurance discounts help slash rates

Insurance can be prohibitively expensive, but companies offer discounts that many consumers don’t even know exist. Certain discounts will be triggered automatically at quote time, but lesser-known reductions have to be requested specifically before you get the savings.

  • Early Signing – A few insurance companies allow discounts for buying a policy before your current coverage expires. It’s a savings of about 10%.
  • Distant Student – College-age children who are enrolled in a college that is more than 100 miles from home without a vehicle on campus may be insured at a cheaper rate.
  • Auto/Home Discount – If you insure your home and vehicles with one insurance company you could earn a discount of 10% to 20% off each policy.
  • Accident Waiver – This one isn’t a discount, but certain companies permit an accident without getting socked with a rate hike if you have no claims for a certain period of time.
  • Senior Discount – Mature drivers may be able to get lower premium rates for R8 insurance.

Consumers should know that most discount credits are not given the the whole policy. Some only reduce individual premiums such as comprehensive or collision. Just because it seems like all those discounts means the company will pay you, it just doesn’t work that way.

Auto insurance companies that may have some of the above discounts include:

If you need lower rates, check with all companies you are considering which discounts can lower your rates. Some discounts might not be available to policyholders everywhere. If you would like to see a list of auto insurance companies that have a full spectrum of discounts, click this link.

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

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Cheapest insurance price quotes

The are a couple different ways to obtain and compare prices from lots of insurance companies. The easiest way to comparison shop is to perform an online rate comparison. It is quite easy and can be accomplished in several different ways.

The most efficient method to get quotes for comparison is a comparison rater form click here to open form in new window. This easy form eliminates the need for repetitive form entry for every insurance company. Completing one form gets coverage cost estimates from multiple companies. It’s definitely the quickest method.

A different way to get quotes online requires a trip to the website of each company and fill out their own quote form. For sake of this example, let’s assume you need rates from State Farm, GEICO and Travelers. You would need to go to each individual site to enter the same coverage data repeatedly, which explains why we recommend starting with the first method.

For a handy list of car insurance company links in your area, click here.

The old school way of comparing rate quotes is to drive around to local insurance agencies. Doing it all online has made agencies unnecessary unless you want the trained guidance that only an agent can give. However, consumers can price shop online but purchase the actual policy in an agency.

Whichever method you choose, make sure you are using exactly the same coverages and limits with every price quote. If you compare different coverage information you will not be able to decipher which rate is best. Having just a slight variation in insurance coverages or limits could mean much higher rates. Just keep in mind that comparing a large number of companies helps you find a better price. Some insurance companies are not set up to provide quotes online, so it’s recommended that you also compare price estimates from the smaller companies as well.

Smart consumers know how to find insurance cheaper

Smart consumers have a good feel for some of the factors that are used to determine your premiums. If you understand what determines premiums, this helps enable you to make changes that can earn you better insurance rates. Lots of factors are part of the calculation when pricing auto insurance. Most are fairly basic like your driving record, but some are not quite as obvious like your continuous coverage or how financially stable you are.

The following are some of the things that factor into premiums.

  • Too many policy claims and you’ll pay more – If you frequently file small claims, don’t be surprised to see much higher rates or policy non-renewal. Car insurance companies give the best rates to people who are claim-free. Insurance coverage is intended to be relied upon for more catestrophic claims.
  • Vehicle features that cut rates – Selecting a car model with an alarm system can save you a little every year. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent auto theft.
  • Better insurance rates on vehicles with better crash test results – Vehicles with high crash test scores get lower rates. Highly rated vehicles reduce the chance of injuries and fewer serious injuries translates into fewer and smaller insurance claims and lower rates for you. If your Audi R8 is rated at least four stars on it is probably cheaper to insure.
  • Use credit responsibly and save – An insured’s credit score will be a significant factor in calculating your premium rate. If your credit rating leaves room for improvement, you could save money insuring your 2014 Audi R8 by taking the time to improve your credit score. Drivers with very high credit ratings tend to be better drivers and file fewer claims as compared to drivers with bad credit.
  • Combine and save – Some companies will give discounts to clients who consolidate policies with them in the form of a multi-policy discount. Discounts can add up to five, ten or even twenty percent. Even if you already get this discount, you still need to shop around to help guarantee you have the best rates.There is a good possibility that you can save even more than the discount by splitting coverages up.
  • Liability insurance preserves assets – Your policy’s liability coverage will afford coverage if ever you are found to be at fault for damages from an accident. Your liability coverage provides legal defense coverage up to the limits shown on your policy. Liability is cheap compared to comp and collision, so drivers should buy more than the minimum limits required by law.
  • Cautious drivers pay the best prices – Drivers who don’t get tickets receive lower rates than people who have multiple driving citations. Having just one speeding ticket may cause rates to rise forty percent or more. Drivers who have multiple citations such as hit and run, DWI or reckless driving convictions may need to file a SR-22 with their state in order to legally drive a vehicle.

Which is the best insurance coverage?

When choosing proper insurance coverage, there really is not a one size fits all plan. Everyone’s situation is a little different.

For instance, these questions might point out if your insurance needs could use an agent’s help.

  • When can I cancel my policy?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Does my insurance cover my expensive audio equipment?
  • Can I rent a car in Mexico?
  • Will my rates increase for filing one claim?
  • Does liability extend to a camper or trailer?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, complete this form.

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

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Do you really save 40% when you switch?

Insurance coverage providers like Allstate, GEICO and Progressive continually stream ads on television and other media. They all convey the message that drivers can save some big amount just by moving your insurance coverage policy to them. How does each company save you money? This is the trick they use.

Companies can use profiling for the type of driver that earns them the highest profit. For example, a desirable insured may be over age 30, has no claims, and has great credit. Any customer that hits that “sweet spot” may get the lowest rates and will cut their rates substantially.

People who are not a match for this stringent profile may be forced to pay higher premiums which results in the prospect going elsewhere. The trick is to say “people who switch” not “everyone that quotes” can get the lowest rates when switching. That is how companies can make it sound like they have such great car insurance rates. That is why you should get as many free auto insurance quotes as possible. It’s just not possible to know with any certainty which company will have the best rates.

Car insurance 101

Learning about specific coverages of your policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Liability coverages

This provides protection from damage or injury you incur to a person or their property. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage pays for claims like funeral expenses, bail bonds, pain and suffering, loss of income and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but buy as much as you can afford.

Comprehensive coverages

Comprehensive insurance coverage pays for 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 coverage pays for claims like rock chips in glass, a tree branch falling on your vehicle, hitting a bird and fire damage. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like pain medications, X-ray expenses and EMT expenses. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision protection

Collision insurance will pay to fix damage to your R8 resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like scraping a guard rail, sustaining damage from a pot hole, colliding with another moving vehicle, hitting a mailbox and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to raise the deductible to save money on collision insurance.

Uninsured and underinsured coverage

This provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as damage to your Audi R8.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

The best insurance company isn’t always the cheapest

As you quote auto insurance, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many cases, drivers have reduced comprehensive coverage or liability limits only to discover later that it was a big error on their part. Your strategy should be to buy a smart amount of coverage at the lowest possible cost while still protecting your assets.

Some insurance companies don’t offer rates over the internet smaller companies only sell through local independent agencies. Cheaper 2014 Audi R8 insurance is definitely available on the web in addition to local insurance agencies, so you should compare both to have the best chance of lowering rates.

Consumers change insurance companies for a number of reasons such as extreme rates for teen drivers, poor customer service, delays in paying claims and high prices. Whatever your reason, choosing a new company is not as difficult as it may seem.

Additional insurance information is available below: