Do you want to save money by finding the cheapest Audi S8 insurance in Denver? No normal person gets a kick out of paying for auto insurance, especially knowing the prices are way too high.
Astonishng but true according to a recent study, the vast majority of auto insurance customers have stayed with the same insurance company for four years or more, and roughly 40% of drivers have never taken the time to shop around. Denver drivers can cut their rates by 35% a year by just shopping around, but they assume it’s a waste of time to find affordable auto insurance rates. Big companies like State Farm, Allstate, GEICO and Progressive promote their brand names with advertising and consumers find it hard to see past the geckos and flying pigs and find the best price available.
It is always a good idea to compare premium rates quite often because prices go up and down regularly. Just because you found the best rate on Audi S8 insurance in Denver last year other companies may now be cheaper. There are a lot of ways to save on S8 insurance online, but in this article, you’re going to get some solid techniques on how to put money back in your pocket.
How Insurance Providers Determine Audi S8 Insurance Premiums
When buying car insurance it’s important to understand the factors that go into determining car insurance rates. When you know what positively or negatively influences your rates, this helps enable you to make changes that will entitle you to cheaper rates.
Filing insurance claims can cost more – If you file a lot of claims you can pretty much guarantee much higher rates or policy non-renewal. Insurance companies in Colorado provide lower rates to insureds who do not file claims often. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
Rural areas have lower prices – Living in less populated areas of the country can be a good thing when trying to find low car insurance rates. Fewer people means a lower chance of having an accident and a lower car theft rate. Drivers who live in large Colorado cities have more auto accidents and longer commutes to work. The longer drive time can result in more accidents.
Job stress can make you pay more – Do you work in a high-stress field? Occupations like doctors, executives and accountants tend to have the highest rates attributed to high stress and lots of time spent away from family. Conversely, occupations such as scientists, engineers and performers have the lowest average rates.
Cheaper rates with high coverage deductibles – Deductibles for physical damage state the amount of money you are willing to pay before a claim is paid by your company. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some examples of covered claims are rearending another vehicle, damage caused by hail, and damage caused by road hazards. The more damage repair cost you have to pay, the less money you will pay for car insurance.
The more you drive the more you pay – The more you drive your Audi annually the more it will cost to insure it. A lot of companies charge to insure your cars based upon how the vehicle is primarily used. Cars that do not get driven very much can be on a lower rate level than vehicles that have high annual mileage. Improper usage on your S8 can cost quite a bit. Ask your agent if your vehicle rating correctly shows the correct usage for each vehicle, because improper ratings can cost you money.
Discounts for GPS tracking and theft deterrents – Driving a car with a theft deterrent system can earn a premium discount. Theft deterrent systems like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent vehicle theft.
Only buy incidental coverages you need – Insurance companies have many additional extra coverages that can add up if you aren’t diligent. Add-on coverages like vanishing deductibles, towing, and extra life insurance coverage may be costing you every month. These coverages may sound good when you first buy your policy, but if you have no use for them get rid of them and save.
Insurance loss data for Audi S8 vehicles – Car insurance companies analyze claim trends for every vehicle to calculate a rate that will offset any claims. Models that have higher claim amounts or frequency will have higher rates for specific coverages. The table below illustrates the insurance loss data used by companies for Audi S8 vehicles.
For each insurance policy coverage type, the claim amount for all vehicles, regardless of manufacturer or model, is equal to 100. Numbers shown that are under 100 indicate a favorable loss history, while values that are above 100 indicate a higher chance of having a claim or a tendency for losses to be larger than average.
Insurance Loss Ratings for Audi S8 Vehicles
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Audi S8 4dr 4WD||288||266|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Most larger insurance companies make it easy to get pricing on the web. Getting quotes for Audi S8 insurance in Denver is fairly simple because it’s just a matter of typing in your coverage preferences on the page. Once you submit the form, the system gets your driving and credit reports and generates a price based on many factors. Being able to quote online for Audi S8 insurance in Denver makes it simple to compare prices and it’s very important to get many rate quotes if you want to get the most affordable premium possible.
To find out what other companies charge, take a look at the companies shown below. To compare your current rates, we recommend you enter the insurance coverages identical to your current policy. Using the same limits helps guarantee you will be getting rate comparison quotes based on the exact same insurance coverage.
The companies shown below have been selected to offer free quotes in Denver, CO. If more than one company is shown, we suggest you click on several of them in order to find the most competitive rates.
Insurance does more than just repair your car
Despite the potentially high cost of Audi S8 insurance, maintaining insurance is required in Colorado but also provides important benefits.
First, the majority of states have compulsory liability insurance requirements which means state laws require a specific level of liability coverage in order to license the vehicle. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if you took out a loan on your S8, almost all lenders will have a requirement that you buy full coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the lender may have to buy a policy to insure your Audi for a lot more money and require you to reimburse them a much higher amount than you were paying before.
Third, insurance safeguards both your assets and your vehicle. It will also cover medical expenses for yourself as well as anyone injured by you. As part of your policy, liability insurance will also pay attorney fees if you are sued as the result of an accident. If your Audi gets damaged, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of having insurance greatly outweigh the cost, especially when you need to use it. According to a 2015 survey, the average American driver is overpaying more than $750 every year so shop around at every policy renewal to ensure rates are inline.
Don’t overlook these Audi S8 insurance discounts
Insurance is easily one of your largest bills, but there could be available discounts to help bring down the price. Larger premium reductions will be automatically applied when you complete an application, but some need to be asked for prior to getting the savings.
- Pay Early and Save – By paying your entire bill at once instead of paying each month you may have a lower total premium amount.
- Anti-lock Brake System – Vehicles with anti-lock braking systems have fewer accidents and earn discounts up to 10%.
- Theft Deterrent System – Cars and trucks equipped with anti-theft or alarm systems can help prevent theft and can earn a small discount on your policy.
- Paperwork-free – Some insurance companies provide a small discount for completing your application digitally online.
- Federal Government Employee – Active or former government employment could cut as much as 10% off with select insurance companies.
- Low Miles Discount – Keeping the miles down on your Audi can earn lower insurance rates on the low mileage vehicles.
- Good Driver Discount – Accident-free drivers can save as much as half off their rates than drivers with accidents.
- Include Life Insurance and Save – Select insurance companies reward you with a break if you buy life insurance.
- Discount for Passive Restraints – Factory options such as air bags or motorized seat belts may earn rate discounts of up to 25% or more.
One thing to note about discounts is that some credits don’t apply to the entire policy premium. Some only apply to the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like all those discounts means the company will pay you, insurance companies aren’t that generous. But all discounts will bring down your insurance premiums.
To locate companies with the best Audi S8 insurance discounts in Denver in Denver, click here to view.
Can’t I compare prices from local Denver car insurance agents?
Some people still like to buy from a licensed agent and that is not a bad decision Agents can help you choose the best coverages and will help you if you have claims. One of the benefits of getting online price quotes is the fact that drivers can get cheap rate quotes but also keep your business local.
To find an agent, once you fill out this form (opens in new window), your insurance coverage information is sent to agents in your area who want to provide quotes and help you find cheaper coverage. It’s much easier because you don’t need to search for an agent because quoted prices will be sent instantly to you. If you need to get a comparison quote from one company in particular, feel free to jump over to their website and submit a quote form there.
Choosing the best insurer needs to be determined by more than just a cheap price quote. Here are some questions you might want to ask.
- Where would glass claims be handled in Denver?
- Will a damage claim use OEM or aftermarket replacement parts?
- What company do they have the most business with?
- Which companies can they place coverage with?
- Which family members are covered?
- Where are claims handled?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
Listed below is a list of insurers in Denver that are able to give price quote information for Audi S8 insurance in Denver.
American Family Insurance – Abbie Davis Tanner Agency Inc
2855 Speer Blvd Suite D – Denver, CO 80211 – (303) 333-0205 – View Map
When should I discuss my situation with an agent?
When quoting and choosing the best car insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is a little different and your car insurance should be unique as well.
For instance, these questions may help you determine whether you would benefit from an agent’s advice.
- Do I need added coverage for expensive stereo equipment?
- Why am I required to buy liability insurance?
- What companies insure drivers after a DUI or DWI?
- What are good deductibles for a Audi S8?
- Will my Audi S8 be repaired with OEM or aftermarket parts?
- Do I benefit by insuring my home with the same company?
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.
Quote often and quote early
When shopping online for auto insurance, it’s not a good idea to buy lower coverage limits just to save a few bucks. In too many instances, an insured cut physical damage coverage and learned later that they should have had better coverage. The aim is to buy enough coverage for the lowest cost, but do not sacrifice coverage to save money.
Cheaper auto insurance in Denver can be found from both online companies as well as from independent agents in Denver, so get free Denver auto insurance quotes from both of them to get a complete price analysis. Some companies do not offer price quotes online and these regional carriers sell through local independent agencies.
To read more, feel free to browse the articles below:
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Who Has Cheap Denver Car Insurance Quotes for Used Cars? (FAQ)
- Who Has Affordable Auto Insurance Rates for First-time Drivers in Denver? (FAQ)
- Property Damage Coverage (Liberty Mutual)
- Vehicle Safety Ratings (iihs.org)
- Safety Features for Your New Car (State Farm)
- Drunk Driving Statistics (Insurance Information Institute)