Cheap Insurance for an Audi R8 in Scottsdale

Do you think you bought an overpriced auto insurance policy? Believe me when I say there are lots of Scottsdale residents who feel the same.

Inconceivable but true, most Arizona auto insurance customers have been with the same company for well over three years, and approximately 40% of consumers have never taken the time to shop around. American consumers could save an average of up to 47% each year by just comparing quotes, but they just don’t understand how easy it is to compare rates. Big companies like Allstate, Liberty Mutual and State Farm all promote huge savings with ad campaigns and it can be hard to see past the geckos and flying pigs and effectively compare rates to find the best deal.

It is always a good idea to do price comparisons occasionally because insurance prices are adjusted regularly by insurance companies. Even if you got the best quotes on Audi R8 insurance in Scottsdale six months ago a different company probably has better rates today. You can find a lot of misleading information regarding R8 insurance online but we’re going to give you some of the best ways to buy auto insurance cheaper in Scottsdale.

Car insurance analysis for an Audi R8

The rate information below outlines estimates of rate quotes for Audi R8 models. Being aware of how car insurance prices are formulated can help guide drivers when making decisions on which coverage to buy.

Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Estimates do not factor in vehicle garaging location which can affect insurance rates substantially.

Car insurance rates based on gender

The chart below shows the comparison of Audi R8 insurance prices for male and female drivers. The data is based on no claims or driving citations, comp and collision included, $250 deductibles, single marital status, and no policy discounts are applied.

Does full coverage make sense?

The information below shows the difference between Audi R8 insurance prices with and without full coverage. The information is based on no violations or claims, $500 deductibles, drivers are not married, and no discounts are applied.

When to stop buying physical damage coverage

There is no set guideline of when to exclude full coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s say your Audi R8 claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $8,000 after the policy deductible has been paid. If premiums are more than $800 a year to have full coverage, then you may need to consider dropping full coverage.

There are some cases where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not opt for liability only.

Information about specific coverages

Learning about specific coverages of auto insurance can help you determine the best coverages for your vehicles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Shown next are typical coverages offered by auto insurance companies.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP pay for immediate expenses such as ambulance fees, surgery, funeral costs, doctor visits and EMT expenses. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many Arizona drivers carry very low liability coverage limits (Arizona limits are 15/30/10), their limits can quickly be used up. So UM/UIM coverage is very important. Most of the time these limits do not exceed the liability coverage limits.

Liability coverages

This coverage can cover damage or injury you incur to people or other property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 15/30/10 that means you have a $15,000 limit per person for injuries, a limit of $30,000 in injury protection per accident, and property damage coverage for $10,000. Alternatively, you may have a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as repair costs for stationary objects, attorney fees, medical services, legal defense fees and bail bonds. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford. Arizona state minimum liability requirements are 15/30/10 but drivers should carry more liability than the minimum.

The illustration below shows why minimum state limits may not be adequate.

Collision insurance

This covers damage to your R8 from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like sideswiping another vehicle, sustaining damage from a pot hole, backing into a parked car and hitting a mailbox. This coverage can be expensive, so consider removing coverage from older vehicles. It’s also possible to bump up the deductible on your R8 to save money on collision insurance.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from getting keyed, rock chips in glass, damage from flooding and hitting a deer. The most your auto insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

More effort can pay off

As you shop your coverage around, never sacrifice coverage to reduce premiums. There are a lot of situations where drivers have reduced full coverage and learned later that they should have had better coverage. Your aim should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.

Some companies may not provide online quoting and many times these small insurance companies work with independent insurance agencies. Cheap Audi R8 insurance in Scottsdale can be purchased from both online companies and from local agencies, and you need to price shop both to get a complete price analysis.

Steps to buying cheaper Audi R8 insurance in Scottsdale

The recommended way to save on auto insurance rates in Scottsdale is to annually compare prices from companies that sell auto insurance in Arizona. Prices can be compared by completing these steps.

1. Read and learn about what is in your policy and the things you can control to drop your rates. Many things that cause high rates such as traffic tickets, fender benders, and a bad credit score can be remedied by making lifestyle changes or driving safer.
2. Compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO or Allstate, while independent agencies can quote prices for many different companies.
3. Compare the quotes to your existing coverage to see if a cheaper rate is available. If you can save some money and switch companies, make sure there is no lapse in coverage.

The critical component of shopping around is that you’ll want to make sure you compare similar deductibles and liability limits on every price quote and and to compare as many different companies as possible. Doing this helps ensure a level playing field and a better comparison of the market.

Additional car insurance information is available below:

• Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
• How Much is Auto Insurance for a Jeep Grand Cherokee in Scottsdale? (FAQ)
• Who Has Cheap Car Insurance Rates for Drivers with Bad Credit in Scottsdale? (FAQ)
• Speed and Speed Limit FAQ (iihs.org)
• Distracted Driving (Insurance Information Institute)
• Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
• Get the Right Protection (InsureUonline.org)