2005 Audi A8 Insurance Cost – 7 Policy Discounts

Locating cheaper insurance for an Audi A8 could be a painful process, but you can learn a few tricks and make it easy.

There are both good and bad ways to buy insurance so you’re going to learn the quickest way to quote coverages for a new or used Audi and get the lowest price either online or from local insurance agents.

It’s a great practice to compare prices occasionally because prices are usually higher with each renewal. If you had the best rates for A8 coverage a year ago there is a good chance you can find better rates now. So just forget anything you know (or think you know) about insurance because you’re going to get a crash course in one of the easiest ways to find better rates and still maintain coverage.

If you are insured now or are shopping for new coverage, you can use these techniques to cut your premiums and still get good coverage. Locating the cheapest coverage can be fairly easy. Consumers just need to understand how to get comparison rates online.

Do you qualify for these seven discounts?

Car insurance can cost a lot, but discounts can save money and there are some available to reduce the price significantly. Certain discounts will be applied when you get a quote, but lesser-known reductions have to be inquired about prior to getting the savings. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Low Mileage – Low mileage vehicles can earn better rates on cars that stay parked.
  • Homeowners Savings – Owning a home can save you money due to the fact that maintaining a home is proof that your finances are in order.
  • Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts could cut 10% or more off your medical payments premium.
  • New Vehicle Savings – Putting insurance coverage on a new car is cheaper compared to insuring an older model.
  • Military Discounts – Having a family member in the military could mean lower rates.
  • Anti-theft Discount – Anti-theft and alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Passive Restraint Discount – Vehicles equipped with air bags may earn rate discounts of more than 20%.

Keep in mind that most discounts do not apply to the entire policy premium. Most only reduce specific coverage prices like collision or personal injury protection. So when it seems like you can get free auto insurance, insurance companies aren’t that generous. Any qualifying discounts will help reduce your overall premium however.

Insurance companies that may offer these money-saving discounts may include but are not limited to:

It’s a good idea to ask all companies you are considering how you can save money. Discounts might not apply in every state.

Don’t assume everyone needs the same coverage

When it comes to buying the best auto insurance coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different.

For instance, these questions can help discover if your situation would benefit from professional advice.

  • Is my business laptop covered if it gets stolen from my vehicle?
  • What companies insure drivers after a DUI or DWI?
  • Is a blown tire covered by insurance?
  • Does my insurance cover my expensive audio equipment?
  • What is covered by UM/UIM coverage?
  • Is my camper covered by my car insurance policy?
  • What happens if I owe more than my 2005 Audi A8 is worth?

If you can’t answer these questions but a few of them apply, you may need to chat with an insurance agent. To find an agent in your area, complete this form. It’s fast, free and may give you better protection.

Insurance coverages and their meanings

Learning about specific coverages of your insurance policy aids in choosing the right coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Comprehensive protection – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as rock chips in glass, damage from getting keyed and damage from flooding. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Liability car insurance – This coverage will cover injuries or damage you cause to a person or their property by causing an accident. 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 commonly see values of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Another option is one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for claims such as loss of income, emergency aid, funeral expenses, pain and suffering and medical services. How much coverage you buy is a personal decision, but consider buying as high a limit as you can afford.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Audi A8.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical expense coverage – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as hospital visits, doctor visits and surgery. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Collision – Collision coverage pays for damage to your A8 resulting from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things like backing into a parked car, hitting a mailbox, scraping a guard rail, rolling your car and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Online plus local equals savings

As you restructure your insurance plan, do not reduce coverage to reduce premium. There are many occasions where someone sacrificed liability limits or collision coverage and discovered at claim time that the few dollars in savings costed them thousands. The proper strategy is to buy enough coverage at an affordable rate while not skimping on critical coverages.

We just covered a lot of ways to get a better price on 2005 Audi A8 insurance. The key concept to understand is the more companies you get rates for, the better your comparison will be. Consumers may even find the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising.

Discount insurance is attainable online and with local insurance agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who do not offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

More information is located at the links below