To save the most money, the best way to save on Audi R8 insurance in Virginia Beach is to compare prices once a year from different companies who can sell car insurance in Virginia. This can be done by following these steps.
- Step 1: Take a little time to learn about how your policy works and the modifications you can make to prevent expensive coverage. Many factors that increase rates like careless driving and an imperfect credit history can be improved by making lifestyle changes or driving safer. This article gives more ideas to help reduce premium rates and get additional discounts that may be available.
- Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from one company like GEICO and Allstate, while agents who are independent can give you price quotes for a wide range of companies.
- Step 3: Compare the new quotes to your current policy premium to determine if switching companies saves money. If you can save some money, make sure coverage does not lapse between policies.
One bit of advice is that you’ll want to compare similar limits and deductibles on every price quote and and to get rates from as many different companies as possible. This provides a fair rate comparison and maximum price selection.
Astonishing but true according to a recent study, most drivers in Virginia renewed their policy with the same company for well over three years, and practically 40% of car insurance customers have never even compared rates from other companies. American drivers can cut their rates by as much as $850 a year by just comparing rate quotes, but they just assume it takes a lot of time to compare rate quotes.
Low Cost Audi insurance price quotes in Virginia Beach
The companies shown below are our best choices to provide free quotes in Virginia Beach, VA. To buy cheap auto insurance in Virginia, we suggest you click on several of them to get a more complete price comparison.
Rate information and statistics
The information displayed next highlights detailed analysis of policy rates for Audi R8 models. Being more informed about how rate quotes are formulated can help drivers make smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $264 | $676 | $290 | $18 | $88 | $1,336 | $111 |
| R8 4.2 Quattro | $264 | $676 | $290 | $18 | $88 | $1,336 | $111 |
| R8 5.2 Quattro 10Cyl | $318 | $800 | $290 | $18 | $88 | $1,514 | $126 |
| R8 5.2 Quattro 10Cyl | $318 | $800 | $290 | $18 | $88 | $1,514 | $126 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Premium costs do not factor in specific zip code location which can raise or lower coverage rates noticeably.
Can higher deductibles save money?
The hardest decision when buying coverage is at what level do you set your deductibles. The comparison tables below may help to conceptualize the differences in price of buying low and high insurance deductibles. The first table uses a $250 deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $378 | $812 | $258 | $16 | $78 | $1,567 | $131 |
| R8 4.2 Quattro | $378 | $812 | $258 | $16 | $78 | $1,567 | $131 |
| R8 5.2 Quattro 10Cyl | $454 | $962 | $258 | $16 | $78 | $1,793 | $149 |
| R8 5.2 Quattro 10Cyl | $454 | $962 | $258 | $16 | $78 | $1,793 | $149 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $234 | $512 | $258 | $16 | $78 | $1,098 | $92 |
| R8 4.2 Quattro | $234 | $512 | $258 | $16 | $78 | $1,098 | $92 |
| R8 5.2 Quattro 10Cyl | $280 | $606 | $258 | $16 | $78 | $1,238 | $103 |
| R8 5.2 Quattro 10Cyl | $280 | $606 | $258 | $16 | $78 | $1,238 | $103 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Price estimates do not factor in zip code location which can modify insurance rates noticeably.
Using the premium rates above, we can conclude that using a $250 deductible costs about $42 more each month or $504 annually than requesting the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 18 months between claim filings, you would save money if you choose a higher deductible.
The example below illustrates how your deductible choice and can increase or decrease Audi R8 insurance costs for different age groups. Data assumes a married female driver, full physical damage coverage, and no discounts are applied.
Full coverage or liability only
The illustration below illustrates the difference between Audi R8 insurance costs with full coverage and liability only. The rate quotes are based on no claims or violations, $1,000 deductibles, single status, and no discounts are factored in.
Are you wasting money paying for full coverage?
There isn’t a steadfast formula of when to eliminate physical damage coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than about 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Audi R8 claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,000 after you pay the deductible. If you are paying more than $800 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are a few situations where buying only liability insurance is not in your best interest. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.
Six Tips to Get Lower-cost Virginia Beach Insurance Rates
Lots of factors are used in the calculation when you get your auto insurance bill. Some are obvious like a motor vehicle report, but others are not quite as obvious such as your credit history or your vehicle rating. A large part of saving on auto insurance is knowing a few of the rating criteria that are used to determine the price you pay for auto insurance. When you understand what determines premiums, this allows you to make good choices that could help you find lower premium levels.
Traffic violations can increase costs – Drivers who don’t get tickets have lower premiums compared to bad drivers. Even a single citation could increase your next policy renewal twenty percent or more. Drivers unfortunate enough to have serious tickets like DUI or reckless driving are required to submit a SR-22 form with their state in order to keep their license.
The example below shows how violations and at-fault claims can drive up Audi R8 insurance costs for different age groups of insureds. The rate quotes are based on a single female driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.
Add-on coverages are wasting money – There are many add-on coverages that you can buy on your R8 policy. Things like replacement cost coverage, towing, and extra equipment coverage may be wasting your money. They may seem good when talking to your agent, but if you’ve never needed them in the past remove them from your policy.
Is your car built for speed? – The type of vehicle you need to insure makes a big difference in how high your rates are. Low performance passenger vehicles usually have the lowest rates, but your final cost has many other factors.
The data below uses these assumptions: married male driver age 40, full coverage with $250 deductibles, and no discounts or violations. The data compares Audi R8 insurance rates compared to other makes and models that have a range of performance rating factors.
Lower premiums with GPS tracking and theft deterrents – Purchasing a vehicle with a theft deterrent system can help lower your rates. Theft prevention devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart auto theft and help lower rates.
Vehicles with better crash test results cost less to insure – Vehicles with good safety scores tend to have lower insurance rates. Safe vehicles reduce injuries and lower injury rates translates into fewer and smaller insurance claims and more competitive rates for policyholders.
Single drivers take more risk – Being married can actually save you money compared to being single. Marriage translates into being more mature than a single person and insurance companies like that drivers who are married file infrequent claims.
Earn discounts on Virginia Beach auto insurance
Auto insurance companies don’t list every discount available in an easy-to-find place, so we researched a few of the more common and also the more inconspicuous discounts that you can inquire about if you buy Virginia Beach car insurance online.
- Pay Early and Save – By making one initial payment rather than paying monthly you may reduce your total bill.
- Drivers Education – Have your child successfully complete driver’s ed class in school or through a local driver safety program.
- ABS Braking Discount – Cars and trucks equipped with ABS or steering control have fewer accidents and will save you 10% or more on R8 insurance in Virginia Beach.
- One Accident Forgiven – Not really a discount, but some companies like Progressive, Allstate, and GEICO permit an accident without raising rates if you have no claims for a set time period.
- College Student Discount – College-age children who are enrolled in a college that is more than 100 miles from Virginia Beach and do not take a car to college can receive lower rates.
- Own a Home – Owning a house in Virginia Beach can help you save on auto insurance because of the fact that having a home requires a higher level of personal finance.
- Paperless Signup – Certain auto insurance companies give back up to $50 for completing your application online.
- Government Employee Discount – Federal government employees could cut as much as 10% off depending on your company.
- Defensive Driver Discount – Taking part in a safe driver course is a good idea and can lower rates depending on where you live.
- Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more off PIP or medical payments premium.
You can save money using discounts, but some of the credits will not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like comp or med pay. So even though you would think it’s possible to get free car insurance, you won’t be that lucky.
The example below visualizes the comparison of Audi R8 auto insurance rates with and without discounts. The premiums assume a male driver, a clean driving record, no at-fault accidents, Virginia state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, safe-driver, claim-free, and marriage discounts applied.
A few popular companies and a selection of discounts are detailed below.
- GEICO has savings for multi-policy, anti-theft, daytime running lights, air bags, anti-lock brakes, and membership and employees.
- MetLife offers discounts for multi-policy, accident-free, good driver, claim-free, good student, defensive driver
- State Farm may have discounts that include Steer Clear safe driver discount, multiple autos, Drive Safe & Save, defensive driving training, driver’s education, multiple policy, and safe vehicle.
- Progressive discounts include online signing, homeowner, multi-vehicle, good student, online quote discount, continuous coverage, and multi-policy.
- Mercury Insurance offers premium reductions for low natural disaster claims, anti-theft, multi-policy, professional/association, good student, and accident-free.
- 21st Century includes discounts for 55 and older, homeowners, air bags, automatic seat belts, and student driver.
- Allstate offers discounts including teenSMART discount, economy car, safe driver, passive restraint, and auto/life discount.
If you are trying to find cheaper Virginia Beach car insurance quotes, ask each insurance company the best way to save money. Savings may not apply to policies in Virginia Beach. To locate insurance companies that provide some of the discounts listed above in Virginia Beach, click here to view.
Compare prices but buy from a local neighborhood Virginia Beach car insurance agent
Certain consumers prefer to buy from a licensed agent and that can be a smart move One of the best bonuses of getting free rate quotes online is that you can find cheap auto insurance rates but also keep your business local.
Once you complete this form (opens in new window), the quote information is submitted to participating agents in Virginia Beach who will return price quotes for your auto insurance coverage. You never need to search for an agent due to the fact that quote results will go to your email. You can find the lowest rates without having to waste a lot of time. If for some reason you want to get a price quote from a specific insurance company, you just need to go to their quote page to submit a rate quote request.
Finding the right company requires you to look at more than just a cheap price. Any agent in Virginia Beach should be forthright in answering these questions:
- Do the companies they represent have a solid financial rating?
- Is working in the agency their full-time job?
- When do they do a full risk review?
- Is the agency covered by Errors and Omissions coverage?
- Can they help ensure a fair claim settlement?
- How many years of experience in personal auto insurance do they have?
- Are there any discounts that you might be missing?
- Is the agency active in community causes in Virginia Beach?
Not all auto insurance agents are the same
If you would like to find a reliable insurance agency, you need to know there are two types of insurance agents and how they are distinctly different. Agents in Virginia Beach can be described as either exclusive or independent.
Exclusive Agencies
Exclusive agencies can only quote rates from one company and examples are Allstate, AAA, Farmers Insurance, and State Farm. They are unable to provide prices from multiple companies so they really need to provide good service. Exclusive insurance agents are trained well on what they offer which helps them compete with independent agents. Some insured continue to use the same exclusive agent partially due to the brand and the convenience of having a single billing for all their coverages.
Shown below is a short list of exclusive agents in Virginia Beach that can give you comparison quotes.
- Ken Crowder – State Farm Insurance Agent
5802 E Virginia Beach Blvd #128 – Norfolk, VA 23502 – (757) 461-2027 – View Map - Brett Cambron – State Farm Insurance Agent
1485 General Booth Blvd ste. 114 – Virginia Beach, VA 23454 – (757) 499-0559 – View Map - Brett Pendergast – State Farm Insurance Agent
4388 Holland Road Ste. 110 – Virginia Beach, VA 23452 – (757) 499-6813 – View Map
Independent Agents (or Brokers)
Agents in the independent channel are not employed by one company so they can insure your vehicles with lots of companies depending on which coverage is best. If they find a cheaper price, they can switch companies in-house without you having to go to a different agency. If you need cheaper auto insurance rates, we highly recommend that you include a few independent agents in order to compare the most rates. Many write coverage with small regional insurance companies which may have better rates.
Below are Virginia Beach independent agencies that are able to give price quotes.
- Glandon Agency
212 87th St – Virginia Beach, VA 23451 – (757) 422-6729 – View Map - Huffman Insurance Agency
5541 Parliament Dr #209 – Virginia Beach, VA 23462 – (757) 200-3183 – View Map - The Coelho insurance agency
800 Seahawk Cir #142 – Virginia Beach, VA 23452 – (757) 437-9647 – View Map
Auto insurance is unique, just like you
When buying the best auto insurance coverage, there really isn’t a “best” method to buy coverage. Every insured’s situation is different so your insurance needs to address that.
Here are some questions about coverages that might help in determining if your situation may require specific advice.
- Am I covered when using my vehicle for business?
- Should I have a commercial auto policy?
- At what point should I drop full coverage?
- If I drive on a suspended license am I covered?
- What is UM/UIM insurance?
- Can I use my car for my catering business?
- Do I pay less if my vehicle is kept in my garage?
- Is my camper covered by my car insurance policy?
- What is the premium to book value ratio for dropping full coverage?
If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.
One last thing about your coverage
A few companies do not offer price quotes online and usually these regional carriers prefer to sell through independent insurance agencies. More affordable car insurance in Virginia Beach is definitely available both online as well as from independent agents in Virginia Beach, and you need to price shop both so you have a total pricing picture.
In this article, we presented many ideas to compare Audi R8 insurance rates in Virginia Beach. The key concept to understand is the more price quotes you have, the better your chances of lowering your auto insurance rates. You may even discover the biggest savings come from a company that doesn’t do a lot of advertising. Smaller companies can often provide lower auto insurance rates in certain areas than the large multi-state companies such as Allstate, GEICO and Progressive.
Additional learning opportunities
- Medical Payments Coverage (Liberty Mutual)
- Who Has Cheap Car Insurance Quotes for a Hyundai Elantra in Virginia Beach? (FAQ)
- Who Has Cheap Car Insurance Rates for Ride Shares in Virginia Beach? (FAQ)
- Think You’re a Safe Driver? (State Farm)
- Child Safety FAQ (iihs.org)
- Avoiding Deer Collisions (Insurance Information Institute)
- Protect Yourself Against Auto Theft (Insurance Information Institute)