Compare 2020 Audi S8 Car Insurance Rates in 2024

Want cheaper insurance rates for your Audi S8? There isn’t a single person who looks forward to paying for insurance, especially when the cost is too high. Because there are so many different company options, it’s difficult to pick the best insurer.

Buying car insurance is not that difficult. If you currently have a car insurance policy, you will be able to save some money using this information. Drivers only need an understanding of the best way to compare company rates online.

Cut your insurance rates with discounts

Some insurance providers do not list the complete list of policy discounts very clearly, so here is a list both the well known and the harder-to-find credits available to lower your premiums when you buy car insurance online.

• Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% for S8 insurance depending on your insurance provider.
• Good Students Pay Less – Getting good grades can earn a discount of 20% or more. Many companies even apply the discount to college students up to age 25.
• Onboard Data Collection – People who choose to allow companies to scrutinize when and where they use their vehicle by using a telematic data system such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if they have good driving habits.
• Air Bag Discount – Cars that have air bags or motorized seat belts can receive discounts of 25 to 30%.
• New Vehicle Savings – Buying a new car instead of a used car is cheaper due to better safety requirements for new vehicles.
• Driver Training Discounts – Participating in a course teaching defensive driving skills could cut 5% off your bill and easily pay for the cost of the class.
• College Student Discount – Children who are attending college and do not have a car can be insured at a reduced rate.

Discounts lower rates, but most discount credits are not given to the whole policy. A few only apply to individual premiums such as medical payments or collision. So when it seems like you could get a free insurance policy, companies wouldn’t make money that way.

A few popular companies and their possible discounts are:

• Esurance offers premium reductions for good student, Pac-12 alumni, renters, homeowner, multi-car, and anti-lock brakes.
• The Hartford may have discounts that include anti-theft, defensive driver, driver training, vehicle fuel type, good student, and air bag.
• AAA may offer discounts for pay-in-full, multi-car, multi-policy, education and occupation, and anti-theft.
• GEICO discounts include anti-lock brakes, membership and employees, emergency military deployment, five-year accident-free, and military active duty.
• State Farm has savings for accident-free, passive restraint, Steer Clear safe driver discount, defensive driving training, good driver, and Drive Safe & Save.

Before you buy a policy, ask every prospective company which credits you are entitled to. Some discounts listed above might not be available to policyholders in your area.

Why you might pay inflated rates

Part of the car insurance buying process is learning some of the factors that help calculate your policy premiums. When consumers understand what impacts premium levels, this helps enable you to make changes that will entitle you to better car insurance rates. Many different elements are used in the calculation when you get your auto insurance bill. Most are fairly basic like your driving record, although some other factors are more transparent such as your marital status or your financial responsibility.

• Pay less after the wedding – Having a spouse can get you a discount on your policy. Marriage is viewed as being more mature and statistics prove married drivers tend to file fewer claims.
• Rate your vehicle for proper use – The higher the mileage driven annually the more you will pay for car insurance. Most insurance companies charge rates determined by how the vehicle is used. Autos that sit idle most of the time can get a lower rate as compared to vehicles used primarily for driving to work. A policy that improperly rates your S8 may be wasting your money. Verify your car insurance policy states the proper vehicle usage.
• With age comes lower prices – Youthful drivers have been known to be inattentive when behind the wheel therefore car insurance rates are much higher. Parents adding a teen driver to your car insurance policy can cause a big jump in price. Older people are proven to be safer behind the wheel, file fewer claims .
• Lower car insurance rates with alarm systems – Owning a car with an alarm system can help bring down rates. Systems that thwart theives such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent car theft and help bring rates down.
• Lower rates by increasing coverage deductibles – Physical damage deductibles define the amount you are willing to pay if you file a covered claim. Protection for physical damage, also called ‘full coverage’, is used to repair damage to your car. Some examples of claims that would be covered are collision with another vehicle, hail damage, or theft of your vehicle. The more damage repair cost you have to pay, the less money you will pay for car insurance for S8 insurance.
• Safer the car lower the rate – Cars with five star safety ratings cost less to insure. Safer cars have better occupant injury protection and fewer injuries means your insurance company pays less and cheaper rates on your policy. If your Audi S8 scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
• Women pay lower premiums – Over the last 30 years, statistics show that females take fewer risks when driving. This data doesn’t prove that women are better drivers. Women and men cause at-fault accidents at a similar rate, but men have accidents that have higher claims. In addition to higher claims, males also get higher numbers of serious violations like driving under the influence (DUI). Teenage male drivers are the most expensive to insure and therefore have the most expensive car insurance rates.

You are unique and your insurance coverage should be too

When it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s needs are different so this has to be addressed. For example, these questions might point out if you might need professional guidance.

• Am I covered when delivering products for my home-based business?
• Am I getting all the discounts available?
• Does coverage extend to my business vehicle?
• Can I still get insurance after a DUI?
• Is a fancy paint job covered?
• Are my friends covered when driving my 2020 Audi S8?
• Why does it cost so much to insure a teen driver?
• Do I get a pro-rated refund if I cancel my policy early?
• Am I covered if hit by an uninsured driver?
• Is other people’s property covered if stolen from my vehicle?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, take a second and enter your zip code. It’s fast, doesn’t cost anything and you can get the answers you need.

But the ad said I’d save 15% in 15 minutes!

Consumers can’t avoid all the ads that claim the cheapest premium rates by State Farm, GEICO and Progressive. All the companies make an identical promise that people will save if you move your policy.

How does every company claim to save you money? This is the trick they use.

All the different companies provide the lowest rates for a prospective insured that will generate a profit. For instance, a desirable insured may be married and over the age of 30, has never had a policy lapse, and drives a car with an anti-theft system. Any new insured who meets those qualifications will probably get cheap rates as well as save a lot of money.

Drivers who don’t meet this ideal profile will probably have to pay higher prices which translates to the customer buying from someone else. If you pay attention, the ads say “customers who switch” but not “everyone who gets a quote” save that much when switching. That is how insurance companies can make those statements. Different companies use different criteria so you really should get price quotes at each policy renewal. It’s not possible to predict which insurance coverage company will have better prices than you’re paying now.

Learn about insurance coverages for an Audi S8

Knowing the specifics of your insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages found on the average insurance policy.

Collision coverage

This pays for damage to your S8 caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims like colliding with another moving vehicle, damaging your car on a curb, crashing into a ditch, hitting a mailbox and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and also any damage incurred to your Audi S8.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Liability coverages

Liability coverage protects you from damage that occurs to a person or their property by causing an accident. This coverage protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for claims such as emergency aid, bail bonds, attorney fees and structural damage. How much liability should you purchase? That is your choice, but buy higher limits if possible.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as fire damage, vandalism, a broken windshield, hitting a bird and theft. The maximum payout your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like funeral costs, rehabilitation expenses and surgery. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Shop smart and save

Some insurance companies may not offer online quoting and most of the time these smaller companies prefer to sell through independent insurance agencies. Cheap 2020 Audi S8 insurance is definitely available both online and from local insurance agents, and you should compare price quotes from both to have the best rate selection.

When buying insurance coverage, it’s not a good idea to sacrifice coverage to reduce premiums. In many instances, drivers have reduced collision coverage to discover at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage for the lowest cost, but do not sacrifice coverage to save money.

We just covered many ways to shop for 2020 Audi S8 insurance online. The most important thing to understand is the more providers you compare, the better likelihood of getting cheap car insurance. Drivers may discover the biggest savings come from a lesser-known regional company. These companies may cover specific market segments cheaper as compared to the big name companies such as Allstate and Progressive.