Best Insurance for an Audi A8 in Aurora

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Insurance rates Audi A8 in AuroraStatistics show that a large majority of drivers have purchased from the same company for over three years, and approximately 40% of consumers have never taken the time to shop around. The average driver in Aurora can cut their rates by almost 35% a year by just comparing rate quotes, but they don't believe how much they could save if they moved their coverage to a different company.

If saving the most money is your goal, then the best way to save on Audi A8 insurance in Aurora is to compare prices at least once a year from different companies that sell auto insurance in Colorado. You can compare prices by following these steps.

  • Step 1: Get an understanding of how car insurance works and the factors you can control to lower rates. Many rating criteria that are responsible for high rates such as careless driving and a negative credit history can be rectified by making minor driving habit or lifestyle changes.
  • Step 2: Request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like Progressive and State Farm, while agents who are independent can give you price quotes from many different companies.
  • Step 3: Compare the quotes to the price on your current policy to see if a cheaper rate is available in Aurora. If you find a lower rate quote and buy the policy, ensure there is no coverage lapse between policies.

One key aspect when comparing rates is that you use similar limits and deductibles on every quote request and and to get rates from as many different companies as possible. This enables a level playing field and the best price quote selection.

Facts and figures for Audi A8 insurance

The rate information shown below showcases a range of policy rates for Audi A8 models. Having a better understanding of how insurance prices are figured can aid in making informed decisions when comparing rates.

Audi A8 Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A8 4.2 Quattro 4-Dr Sedan $468 $784 $460 $28 $138 $1,878 $157
A8 4.2L Quattro 4-Dr Sedan $508 $866 $460 $28 $138 $2,000 $167
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rates do not factor in zip code location which can influence premiums substantially.

Higher deductibles lower rates

The hardest decision when buying coverage is how low should you set your deductibles. The premium rates below may help you to understand the price difference between high and low policy deductibles. The first set of rates uses a $250 deductible for comp and collision and the second price grid uses a $500 deductible.

Audi A8 insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A8 4.2 Quattro 4-Dr Sedan $412 $784 $352 $20 $106 $1,699 $142
A8 4.2L Quattro 4-Dr Sedan $446 $866 $352 $20 $106 $1,815 $151
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Audi A8 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A8 4.2 Quattro 4-Dr Sedan $334 $632 $352 $20 $106 $1,444 $120
A8 4.2L Quattro 4-Dr Sedan $362 $698 $352 $20 $106 $1,538 $128
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can lower or raise rates significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $23 more each month or $276 a year than quoting the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go more than 11 months between claims, you would probably be better off by selecting a higher deductible.

The information below shows how different deductible levels and can increase or decrease Audi A8 insurance rates for each age group. The data is based on a single male driver, full coverage, and no policy discounts are applied.

Auto insurance prices based on gender

The diagram below illustrates the difference between Audi A8 auto insurance costs for male and female drivers. The costs are based on no claims or driving violations, full coverage, $250 deductibles, drivers are not married, and no discounts are taken into consideration.

Cost comparison with and without full coverage

The diagram below shows the difference between Audi A8 insurance premiums with and without physical damage coverage. The information is based on a clean driving record, no claims, $250 deductibles, marital status is single, and no discounts are taken into consideration.

Deciding between full coverage and liability only

There is no specific rule to stop buying physical damage coverage, but there is a general guideline. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let's pretend your Audi A8 settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after the policy deductible has been paid. If premiums are more than $700 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are a few situations where buying only liability insurance is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Get More Affordable Insurance Premiums by Understanding These Factors

Consumers need to have an understanding of the rating factors that help calculate your policy premiums. When you understand what determines base rates, this empowers consumers to make smart changes that could help you find better auto insurance rates.

The items below are some of the factors companies use to determine rates.

  • Do you know your coverage deductibles? - Insurance for physical damage, aka comp and collision, is used to repair damage to your vehicle. Examples of some claims that would be covered would be a broken side mirror, collision with an animal, and damage caused by flying debris. The deductibles represent how much money you are willing to pay if a claim is determined to be covered. The higher the amount the insured has to pay upfront, the lower your rates will be.
  • Liability insurance is cheap - The liability section of your policy is the protection if ever a court rules you are at fault for personal injury or accident damage. It provides legal defense coverage to attempt to prove you were not liable. Liability is cheap compared to insuring for physical damage coverage, so do not skimp.
  • Cheaper rates by bundling - The majority of insurance companies afford discounts for people who have multiple policies with them, otherwise known as a multi-policy discount. Even with this discount applied, it's always a smart idea to compare Audi A8 rates in Aurora to guarantee you are still saving the most. Drivers may still save even more by buying insurance from more than one company.
  • Filing auto insurance claims can cost you more - If you tend to file frequent claims, you can definitely plan on either higher rates or even cancellation. Insurance companies in Colorado give cheaper rates to policyholders who file claims infrequently. Insurance coverage is intended to be relied upon for more catastrophic claims.
  • Maintain auto insurance coverage - Not maintaining insurance is a big no-no and any future policy may cost more because you let your insurance lapse for non-payment. Not only will you pay more, being ticketed for driving with no insurance could earn you a license revocation or jail time.
  • Audi A8 claim statistics - Insurers analyze past claim statistics as a way to help calculate a profitable premium rate. Models that are shown to have higher claim frequency or loss amount will have higher premium rates. The table below demonstrates the insurance loss data for Audi A8 vehicles.

    For each insurance policy coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is set at 100. Numbers that are below 100 indicate better than average losses, while numbers that are greater than 100 point to more losses or an increased likelihood of larger losses.

    Auto Insurance Loss Data for Audi A8 Models
    Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Audi A8 4dr 4WD 289 108 261
    Audi A8L 4dr 4WD 300 88 279 62
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Auto insurance company ratings

Finding a high-quality car insurance company can be difficult considering how many companies provide coverage in Colorado. The ranking information in the next section can help you decide which car insurance providers you want to consider comparing prices from.

Top 10 Aurora Car Insurance Companies Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. Titan Insurance
  5. The General
  6. AAA Insurance
  7. State Farm
  8. Nationwide
  9. Safeco
  10. Esurance

Top 10 Aurora Car Insurance Companies Ranked by Customer Service

  1. GEICO
  2. State Farm
  3. The Hartford
  4. The General
  5. Progressive
  6. Allstate
  7. AAA Insurance
  8. American Family
  9. Nationwide
  10. Travelers

Affordable car insurance rates are possible

While you're price shopping online, you should never buy less coverage just to save a little money. In many cases, consumers will sacrifice liability coverage limits only to regret that the savings was not a smart move. The goal is to find the BEST coverage at the best cost, not the least amount of coverage.

People leave their current company for a variety of reasons including denial of a claim, policy non-renewal, delays in paying claims and even high rates after DUI convictions. Regardless of your reason, choosing a new insurance company is actually quite simple.

In this article, we presented a lot of techniques to save on Audi A8 insurance in Aurora. The key thing to remember is the more quotes you get, the better your chances of lowering your auto insurance rates. You may even discover the best price on car insurance is with the smaller companies.

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