How to Save on Columbus Audi R8 Insurance

The recommended way to save on car insurance rates is to start doing a yearly price comparison from insurers in Columbus. Prices can be compared by following these steps.

• Step 1: Try to understand the coverage provided by your policy and the steps you can take to keep rates down. Many rating criteria that result in higher prices like traffic tickets, fender benders, and a not-so-good credit rating can be improved by making small lifestyle or driving habit changes.
• Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agents can provide price quotes from multiple insurance companies.
• Step 3: Compare the new rates to your existing coverage to see if a cheaper rate is available in Columbus. If you can save money and change companies, make sure coverage does not lapse between policies.

A crucial key to this process is that you use similar deductibles and liability limits on every price quote and and to analyze as many companies as possible. This helps ensure an accurate price comparison and a complete price analysis.

A recent auto insurance study discovered that most auto insurance policyholders have been with the same company for a minimum of four years, and 38% of drivers have never even shopped around for cheaper coverage. Many drivers in Columbus could save themselves up to $729 a year by just comparing rate quotes, but they just assume it takes a lot of time to do a rate comparison.

The companies in the list below can provide quotes in Columbus, OH. If multiple companies are shown, we recommend you get price quotes from several of them to get the cheapest price.

Why you need quality insurance for your R8

Despite the high cost of buying insurance for a Audi R8 in Columbus, insuring your vehicle is required for several reasons.

• Just about all states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability protection if you don’t want to risk a ticket. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your vehicle has a lienholder, it’s most likely the lender will make it mandatory that you have full coverage to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the lender may have to buy a policy to insure your Audi at a significantly higher premium and force you to pay much more than you were paying before.
• Insurance safeguards not only your Audi R8 but also your financial assets. It will also provide coverage for medical bills incurred in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If you have damage to your Audi as the result of the weather or an accident, comprehensive and collision coverage will pay to repair the damage.

The benefits of carrying enough insurance are without a doubt worth the cost, particularly for liability claims. According to a 2015 survey, the average American driver is wasting up to $820 a year so you should quote your policy with other companies at every policy renewal to help ensure money is not being wasted.

Audi R8 insurance rate analysis

The data table displayed below covers estimates of insurance premium costs for Audi R8 models. Learning how rates are determined can be valuable when making smart choices when buying a car insurance policy.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rate information does not factor in specific Columbus garaging location which can influence prices greatly.

Auto insurance deductibles

When buying auto insurance, a common question is how high should your deductibles be. The comparisons below determine the cost difference when you buy lower versus higher physical damage deductibles. The first rate comparisons uses a $250 physical damage deductible and the second price grid uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rate information does not factor in your specific Columbus location which can change coverage rates substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs an average of $38 more each month or $456 annually than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 20 months between claim filings, you would save money by going with a higher deductible.

Audi R8 full coverage rates compared to liability only

The illustration below illustrates the difference between Audi R8 yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. Data assumes no accidents or driving violations, $500 deductibles, single status, and no discounts are taken into consideration.

Should you pay for full coverage?

There is no definitive formula to drop full coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s say your Audi R8 settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $4,000 after the deductible is paid. If you are paying in excess of $400 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some scenarios where eliminating full coverage is not advised. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not drop full coverage.

Save a ton by earning discounts

Some insurers don’t necessarily list all available discounts very clearly, so the list below details a few of the more common and the harder-to-find credits that may apply to you.

• Multi-Vehicle Discounts – Having several vehicles with the same insurance company can reduce rates for all insured vehicles.
• Passenger Safety Discount – Factory air bags and/or automatic seat belt systems can get savings of up to 25% or more.
• Military Rewards – Being deployed with a military unit can result in better premium rates.
• Bundled Policy Discount – If you combine your auto and homeowners policies with one company you will save nearly 15% which can help you find the cheapest Audi R8 insurance in Columbus.
• Discount for Low Mileage – Fewer annual miles on your Audi may enable drivers to earn substantially lower rates.
• Save over 55 – Drivers over the age of 55 can get a discount up to 10%.
• Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase life insurance from them.
• Sign Early and Save – A few insurance companies allow discounts for buying a new policy before your current expiration date. You can save around 10% with this discount.

Policy discounts save money, but most credits do not apply to the whole policy. Most only apply to specific coverage prices like medical payments or collision. Despite the fact that it seems like adding up those discounts means a free policy, you won’t be that lucky. But any discount will help reduce the amount you pay for coverage.

The information below shows the comparison of Audi R8 yearly insurance costs with and without discounts applied to the rates. Data assumes a female driver, no accidents or driving violations, Ohio state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, homeowner, multi-car, and multi-policy discounts applied.

A list of companies and the discounts they provide include:

• State Farm offers premium reductions for defensive driving training, multiple autos, Drive Safe & Save, student away at school, and Steer Clear safe driver discount.
• Farmers Insurance offers discounts for bundle discounts, homeowner, switch companies, mature driver, business and professional, alternative fuel, and distant student.
• Progressive includes discounts for homeowner, continuous coverage, online signing, online quote discount, good student, multi-vehicle, and multi-policy.
• GEICO may include discounts for anti-lock brakes, multi-vehicle, federal employee, military active duty, daytime running lights, and emergency military deployment.
• Auto-Owners Insurance has discounts for safe vehicle, company car, mature driver, student away at school, paperless, anti-lock brakes, and good student.
• The Hartford has savings for defensive driver, good student, anti-theft, air bag, bundle, driver training, and vehicle fuel type.
• Farm Bureau discounts include renewal discount, safe driver, driver training, multi-policy, good student, multi-vehicle, and 55 and retired.
• USAA offers discounts including defensive driver, vehicle storage, loyalty savings, safe driver, and multi-vehicle.

When getting free Columbus auto insurance quotes, it’s a good idea to each company which discounts can lower your rates. Savings may not apply in your state.

Shop online but buy locally

Some consumers just want to sit down and talk to an agent and that is not a bad decision Good agents can help you choose the best coverages and help submit paperwork. The biggest benefit of getting free rate quotes online is that you can obtain the lowest rates and still choose a local agent.

To find an agent, once you fill out this form (opens in new window), your insurance data is instantly submitted to participating agents in Columbus that provide free Columbus auto insurance quotes for your business. There is no reason to leave your house because quoted prices will be sent to you. If you wish to get a price quote from a particular provider, you would need to search and find their rate quote page and fill out their quote form.

Picking the best insurance company should include more criteria than just a cheap price. Ask your prospective agent these questions:

• Does the agency have a good rating with the Better Business Bureau?
• How much training do they have in personal risk management?
• Do you qualify for any additional discounts?
• Can you contact them at any time?
• Do they assist clients in filing claims?
• Do you work with a CSR or direct with the agent?
• Is the quote a firm price?

When looking for a reputable insurance agent or broker, it’s important to understand the different types of agents and how they are slightly different. Insurance agents in Columbus can be described as either independent (non-exclusive) or exclusive. Either one can insure your vehicles properly, but it is important to understand the differences because it can influence the kind of agent you use.

Exclusive Agencies

These agents can only place business with one company and some examples include Allstate, Farmers Insurance or State Farm. These agents are unable to provide prices from multiple companies so they are skilled at selling on more than just price. They receive a lot of sales training on sales techniques which helps overcome the inability to quote other rates.

Listed below are exclusive insurance agents in Columbus that can give you comparison quotes.

More insurance agents

Independent Insurance Agencies

Independent agents can sell policies from many different companies so they can insure your vehicles with lots of companies and get you the best rates possible. If your agent finds better pricing, they simply move the coverage in-house without you having to go to a different agency. When comparison shopping, you should always get some free quotes from a few independent agents in order to compare the most rates.

The following are independent agents in Columbus that are able to give comparison quotes.

More insurance agents

There’s no such thing as the perfect insurance policy

When selecting a policy, there really isn’t a “perfect” insurance plan. You are unique and your insurance should be unique as well.
Here are some questions about coverages that might point out if your insurance needs will benefit from professional help.

• Do I have coverage when making deliveries for my home business?
• How much will a speeding ticket raise my rates?
• Is a driver training discount available?
• Is pet coverage available?
• I have good health insurance, so how much medical payments coverage do I need?
• Is a fancy paint job covered?
• What is GAP insurance?
• Am I covered while delivering pizza?
• What is roadside assistance coverage?

If you can’t answer these questions but you know they apply to you, you might consider talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Car insurance savings summarized

Lower-priced Audi R8 insurance in Columbus can be found from both online companies as well as from insurance agents, and you should compare rates from both to have the best chance of lowering rates. Some car insurance companies may not offer online quoting and usually these small insurance companies provide coverage only through independent agents.

As you go through the steps to switch your coverage, it’s not a good idea to buy poor coverage just to save money. There have been many situations where an accident victim reduced liability limits or collision coverage only to regret that their decision to reduce coverage ended up costing them more. The ultimate goal is to find the BEST coverage for the lowest cost but still have enough coverage for asset protection.

To read more, take a look at the articles below:

• Speed and Speed Limit FAQ (iihs.org)
• Who Has the Cheapest Columbus Car Insurance for a Subaru Outback? (FAQ)
• Who Has Cheap Car Insurance Quotes for Used Cars in Columbus? (FAQ)
• Who Has Affordable Car Insurance for Inexperienced Drivers in Columbus? (FAQ)
• Who Has Affordable Car Insurance for Active Military in Columbus? (FAQ)
• How Much is Auto Insurance for a Ford F-150 in Columbus? (FAQ)
• How do I File a Claim? (Insurance Information Institute)
• Rental Reimbursement Coverage (Allstate)
• Collision Coverage (Liberty Mutual)