To save the most money, the best way to find affordable quotes for Audi A8 insurance in Virginia Beach is to regularly compare price quotes from providers who provide car insurance in Virginia. You can shop around by following these guidelines.
Step 1: Read about the different coverages in a policy and the measures you can control to keep rates down. Many risk factors that increase rates like tickets, at-fault accidents, and an unacceptable credit score can be remedied by making small lifestyle or driving habit changes.
Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like GEICO or Allstate, while agents who are independent can give you price quotes for a wide range of insurance providers. View a list of agents
Step 3: Compare the new rate quotes to your existing rates to determine if switching companies saves money. If you find a lower rate quote and change companies, make sure there is no lapse in coverage.
Step 4: Notify your agent or company of your decision to cancel your current coverage. Submit a completed policy application and payment to the new company. Immediately put the new certificate verifying proof of insurance with the vehicle registration.
An essential thing to point out is that you use identical deductibles and limits on every quote and and to get prices from as many companies as you can. Doing this helps ensure an accurate price comparison and plenty of rates choose from.
It’s an obvious conclusion that car insurance companies don’t want you comparing rates. Consumers who shop around annually are inclined to buy a different policy because of the good chance of finding coverage at a cheaper rate. A survey found that people who regularly compared price quotes saved about $3,500 over four years compared to drivers who never shopped around for better prices.
If finding the lowest price on Audi A8 insurance is your goal, then having some insight into the best way to compare insurance can make shopping around easier.
These tips will teach you a little about how auto insurance companies operate. If you have a current insurance policy, you stand a good chance to be able to reduce the price you pay using these tips. Smart shoppers just have to learn the most effective way to find the lowest price online.
The majority of larger companies make it easy to get price estimates on their websites. Comparing Audi A8 insurance rates online is pretty painless as you simply enter your required coverages as detailed in the form. When complete, the system gets reports for credit and driving violations and quotes a price based on the data you entered.
The ability to get online rate quotes for Audi A8 insurance in Virginia Beach makes it a lot easier to compare rates and it is imperative to do this in order to find a lower rate.
To compare rates now, take a look at the companies shown below. If you currently have coverage, we recommend you copy the insurance coverages as close as possible to your current policy. Using the same limits helps guarantee you will be getting rate quotes for the exact same coverage.
The providers in the list below are ready to provide free rate quotes in Virginia. To locate the best car insurance in Virginia, it’s highly recommended you compare several of them in order to get a fair rate comparison.
Why you need Audi A8 insurance in Virginia
Despite the high cost of buying insurance for a Audi A8 in Virginia Beach, paying for insurance is most likely required but also gives you several important benefits.
- Almost all states have compulsory liability insurance requirements which means the state requires a specific minimum amount of liability in order to license the vehicle. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If your Audi A8 has a loan, most lenders will make it a condition of the loan that you buy full coverage to guarantee payment of the loan. If you default on your policy, the bank will be required to insure your Audi at a much higher rate and force you to pay the higher price.
- Insurance protects not only your Audi A8 but also your assets. Insurance will also pay for medical bills for you, your passengers, and anyone else injured in an accident. Liability insurance also pays expenses related to your legal defense if you are sued as the result of an accident. If your car is damaged in a storm or accident, your policy will pay to have it repaired.
The benefits of carrying enough insurance more than cancel out the cost, particularly when you have a large claim. On average, a vehicle owner in Virginia Beach is currently overpaying as much as $865 each year so compare rates at least once a year to ensure rates are inline.
Audi A8 insurance charts and tables
The coverage information shown next outlines different coverage prices for Audi A8 models. Understanding more about how car insurance premiums are formulated is important for drivers to make smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A8 4.2 Quattro 4-Dr Sedan | $306 | $630 | $266 | $16 | $80 | $1,298 | $108 |
| A8 4.2L Quattro 4-Dr Sedan | $332 | $696 | $266 | $16 | $80 | $1,390 | $116 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in specific Virginia Beach garaging location which can increase or decrease price quotes noticeably.
Can higher deductibles save money?
One of the more difficult decisions when buying car insurance is which deductibles should you choose. The figures shown below sum up the differences in price of buying low and high physical damage coverage deductibles. The first rate quote example uses a $100 deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A8 4.2 Quattro 4-Dr Sedan | $336 | $686 | $258 | $16 | $78 | $1,399 | $117 |
| A8 4.2L Quattro 4-Dr Sedan | $364 | $756 | $258 | $16 | $78 | $1,497 | $125 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A8 4.2 Quattro 4-Dr Sedan | $186 | $362 | $258 | $16 | $78 | $900 | $75 |
| A8 4.2L Quattro 4-Dr Sedan | $202 | $398 | $258 | $16 | $78 | $952 | $79 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Rate information does not factor in garaging location in Virginia Beach which can influence price quotes noticeably.
We can estimate from the data above that using a $100 deductible would cost the average driver about $44 more each month or $528 annually than requesting the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 20 months between claims, you would save more money if you opt for a higher deductible.
How to calculate when to raise deductibles
| Average monthly premium for $100 deductibles: | $121 |
| Average monthly premium for $1,000 deductibles (subtract): | – $77 |
| Monthly savings from raising deductible: | $44 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $44 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 20 months |
Full coverage versus liability only rates
The diagram below illustrates the difference between Audi A8 insurance prices when comparing full coverage to state minimum liability only. The premiums assume no accidents, no driving violations, $250 deductibles, single status, and no additional discounts are factored in.
When to drop comprehensive and collision
There is no set rule to eliminate comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Audi A8 replacement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $6,000 after the deductible is paid. If it’s costing you more than $600 a year for full coverage, then you may need to consider dropping full coverage.
There are some cases where only buying liability is not a good plan. If you still owe money on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.
Verify you’re receiving every discount
Some insurers don’t always publicize all available discounts in an easy-to-find place, so the list below details a few of the more common in addition to some of the lesser obvious discounts that you can inquire about if you buy Virginia Beach auto insurance online. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.
- College Student Discount – Kids who are attending college and won’t have access to an insured vehicle could qualify for this discount.
- Multi-Vehicle Discounts – Buying coverage for multiple vehicles with the same auto insurance company can reduce rates for all insured vehicles.
- Student Discounts – Performing well in school may save as much as 25% on a Virginia Beach auto insurance quote. The good student discount can last up until you turn 25.
- Homeowners Savings – Simply owning a home can save you money because it requires a higher level of personal finance.
- Theft Deterrent – Cars and trucks equipped with tracking devices and advanced anti-theft systems help deter theft and earn discounts up to 10% off your Virginia Beach auto insurance quote.
- Renewal Discounts – A few insurance companies allow discounts for renewing your policy before your current expiration date. It could save around 10% when you buy Virginia Beach auto insurance online.
- Drivers Ed for Students – Have your child complete a driver education course as it can save substantially.
- Claim Free – Insureds with no claims or accidents can earn big discounts in comparison with drivers who are more careless.
As a footnote on discounts, many deductions do not apply to the whole policy. The majority will only reduce specific coverage prices like liability and collision coverage. Even though it may seem like you can get free auto insurance, auto insurance companies aren’t that generous.
The chart below illustrates the difference between Audi A8 annual premium costs with and without discounts applied. The data is based on a female driver, no claims or driving violations, Virginia state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, marriage, homeowner, safe-driver, and claim-free discounts applied.
Some of the insurance companies who may offer these money-saving discounts include:
If you want cheaper Virginia Beach auto insurance quotes, ask each insurance company which discounts you may be entitled to. Some of the discounts discussed earlier might not be available to policyholders in your state.
Insurance is available from your local insurance agencies
Many people would prefer to get professional advice from a licensed agent and there is nothing wrong with that. Experienced insurance agents can answer important questions and help submit paperwork. A nice benefit of getting online price quotes is the fact that you can find better rates but also keep your business local. Buying from neighborhood agents is important particularly in Virginia Beach.
For easy comparison, once you complete this simple form, your coverage information is emailed to local insurance agents who will give competitive quotes for your insurance coverage. There is no reason to search for an agent as quotes are delivered immediately to you. If you have a need to get a price quote from a specific company, just search and find their rate quote page to submit a rate quote request.
Finding the right insurer requires more thought than just the quoted price. Ask your prospective agent these questions:
- Is their price quote a firm figure or are their hidden costs?
- Is the quote a firm price?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- How often do they review coverages?
- Is every driver in your family covered?
- Is working in the agency their full-time job?
After receiving good responses and a low price estimate, it’s possible that you found a company that is reliable enough to properly service your insurance policy.
Be persistent to save money
As you go through the steps to switch your coverage, never buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped full coverage only to regret that their decision to reduce coverage ended up costing them more. The goal is to buy a smart amount of coverage at the best cost.
Lower-priced insurance in Virginia Beach is possible from both online companies in addition to local insurance agencies, and you need to comparison shop both to have the best chance of lowering rates. There are still a few companies who may not offer the ability to get quotes online and these regional carriers only sell through independent agents.
Insureds switch companies for a number of reasons such as being labeled a high risk driver, not issuing a premium refund, unfair underwriting practices or poor customer service. No matter why you want to switch, choosing a new insurance company can be easier than you think.
Additional information
- Child Safety Seats (Insurance Information Institute)
- Who Has Cheap Virginia Beach Car Insurance Quotes for Nurses? (FAQ)
- Who Has Cheap Virginia Beach Auto Insurance Rates for Lyft Drivers? (FAQ)
- Who Has Cheap Car Insurance Rates for a Chevrolet Equinox in Virginia Beach? (FAQ)
- Young Drivers: The High Risk Years Video (iihs.org)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Red Light Cameras (State Farm)