How to Save on Audi A8 Insurance in Boston

Insurance for Audi A8To save the most money, the best way to get the cheapest auto insurance rates in Boston is to annually compare prices from different companies who sell insurance in Massachusetts. Rate comparisons can be done by completing these steps.

  1. Take a little time to learn about how insurance works and the measures you can take to drop your rates. Many policy risk factors that result in higher prices such as traffic citations, accidents, and a low credit score can be improved by making small lifestyle or driving habit changes. Read the full article for more information to prevent high prices and get discounts that may be available to you.
  2. Compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from one company like Progressive or Farmers Insurance, while independent agencies can quote prices for a wide range of insurance providers.
  3. Compare the quotes to your existing policy to see if cheaper A8 coverage is available in Boston. If you find a better price and switch companies, ensure there is no coverage lapse between policies.
  4. Notify your company or agent to cancel the current policy. Submit payment along with a signed and completed policy application for the new policy. Once the application is submitted, put the new proof of insurance paperwork with your vehicle’s registration.

The key thing to know about shopping around is to try to use similar limits and deductibles on each quote and and to get prices from as many different insurance providers as possible. Doing this ensures a fair price comparison and maximum price selection.

A study showed that the majority of drivers have been with the same company for four years or more, and nearly half have never even compared quotes to find lower-cost rates. U.S. drivers can cut their rates by up to 46.5% a year just by shopping around, but they feel it’s too difficult to shop around.

The method we recommend to compare insurance rates from multiple companies is to understand most of the larger companies provide online access to provide you with free rate quotes. To begin a comparison, all you need to do is provide details including your general credit rating, if it has an alarm system, your occupation, and if you have a valid license. The data is instantly submitted to many of the top insurers and they provide comparison quotes within a short period of time.

If you would like to compare rates now, click here and complete the quick form.

The auto insurance companies shown below are ready to provide quotes in Boston, MA. To find the cheapest auto insurance in Massachusetts, we recommend you visit as many as you can to get the best price comparison.

Affordable Audi A8 insurance in Boston

Some providers do not list every discount very clearly, so we took the time to find some of the more common and also the lesser-known ways to save on insurance. If you are not receiving all the discounts you deserve, you are throwing money away.Save money with discounts

A quick disclaimer, most discounts do not apply to all coverage premiums. Most only cut the cost of specific coverages such as comp or med pay. So even though it sounds like you would end up receiving a 100% discount, companies don’t profit that way.

The chart below illustrates the comparison of Audi A8 car insurance costs with and without discounts applied. The information is based on a female driver, a clean driving record, no claims, Massachusetts state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-policy, multi-car, safe-driver, and marriage discounts applied.

A list of companies and some of their more popular discounts include:

When quoting, ask all the companies what discounts are available to you. Some of the earlier mentioned discounts may not apply to policies in Boston. To choose insurance companies that have a full spectrum of discounts in Boston, follow this link.

Facts and figures for Audi A8 insurance

The rate table displayed next outlines different prices for Audi A8 models. Knowing how auto insurance premiums are determined can help you make smart choices when purchasing an insurance policy.

Audi A8 Insurance Rates in Boston, MA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A8 4.2 Quattro 4-Dr Sedan $312 $692 $404 $24 $122 $1,554 $130
A8 4.2L Quattro 4-Dr Sedan $338 $764 $404 $24 $122 $1,652 $138
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Table data does not factor in specific garaging location which can raise or lower rates noticeably.

Higher deductibles lower rates

When comparing auto insurance rates, the most common question is how high should the deductibles for physical damage be. The following insurance rates can help you understand the rate differences when you select higher and lower comp and collision deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second price grid uses a $1,000 deductible.

Audi A8 insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A8 4.2 Quattro 4-Dr Sedan $392 $746 $334 $20 $100 $1,617 $135
A8 4.2L Quattro 4-Dr Sedan $424 $824 $334 $20 $100 $1,727 $144
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Audi A8 insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A8 4.2 Quattro 4-Dr Sedan $242 $468 $334 $20 $100 $1,164 $97
A8 4.2L Quattro 4-Dr Sedan $262 $518 $334 $20 $100 $1,234 $103
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Table data does not factor in garaging location in Boston which can lower or raise prices considerably.

Based on the data above, we can derive that using a $250 deductible costs an average of $40 more each month or $480 each year than selecting the higher $1,000 deductible. Because you would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 19 months between claim filings, you would more than likely save some money if you choose a higher deductible.

Does full coverage make sense?

The chart below illustrates the comparison of Audi A8 insurance premiums with and without physical damage coverage. The premium estimates are based on a clean driving record, no at-fault accidents, $100 deductibles, single marital status, and no policy discounts are applied.

When to buy liability coverage only

There isn’t a written rule to eliminate physical damage coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s assume your Audi A8 replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after the deductible is paid. If it’s costing in excess of $700 a year for your policy with full coverage, then you may need to consider dropping full coverage.

There are some scenarios where buying only liability insurance is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.

Buying from car insurance agents

A lot of people still prefer to buy from a local agent. Agents are trained risk managers and help in the event of a claim. An additional benefit of price shopping on the web is the fact that you can find lower rates but still work with a licensed agent. Buying from and supporting neighborhood agents is especially important in Boston.

Boston insurance agentsOnce you complete this quick form, the coverage information is instantly submitted to local insurance agents who want to provide quotes and help you find cheaper coverage. There is no need to find an agent on your own since price quotes are sent to you directly. If you have a need to get a comparison quote from one company in particular, feel free to search and find their rate quote page and complete a quote there.

Finding the right provider should include more criteria than just the price. Agents should be asked these questions:

Your car insurance coverage should be tailored to you

When choosing insurance from an agent or online for your vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s.Higher deductibles save money

These are some specific questions can aid in determining whether or not you would benefit from an agent’s advice.

If you can’t answer these questions, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and can provide invaluable advice.

How to find a good Boston auto insurance company

Finding the best insurer can be difficult considering how many different insurance companies sell coverage in Boston. The company ratings shown next could help you analyze which car insurance companies you want to consider when comparing rate quotes.

Top 10 Boston Car Insurance Companies Ranked by Customer Satisfaction

  1. Titan Insurance – 93%
  2. The Hartford – 93%
  3. The General – 91%
  4. Progressive – 90%
  5. 21st Century – 89%
  6. USAA – 87%
  7. State Farm – 87%
  8. Travelers – 87%
  9. Mercury Insurance – 87%
  10. Safeco Insurance – 86%

Top 10 Boston Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. GEICO – A++
  3. Travelers – A++
  4. State Farm – A++
  5. Allstate – A+
  6. Nationwide – A+
  7. Esurance – A+
  8. Progressive – A+
  9. The Hartford – A+
  10. Mercury Insurance – A+

Car insurance coverages and their meanings

Knowing the specifics of car insurance can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Uninsured Motorist or Underinsured Motorist insurance – This provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and damage to your Audi A8.

Since many Massachusetts drivers only purchase the least amount of liability that is required (Massachusetts limits are 20/40/5), their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Auto liability – Liability coverage protects you from damage or injury you incur to other people or property. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 20/40/5 which stand for a limit of $20,000 per injured person, a total of $40,000 of bodily injury coverage per accident, and a total limit of $5,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for things such as attorney fees, court costs, medical expenses and emergency aid. How much liability should you purchase? That is your choice, but buy as much as you can afford. Massachusetts requires drivers to carry at least 20/40/5 but drivers should carry more liability than the minimum.

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

Collision coverage – Collision insurance covers damage to your A8 caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims like hitting a mailbox, damaging your car on a curb and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible on your A8 to bring the cost down.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as rock chips in glass, damage from flooding, damage from a tornado or hurricane and vandalism. The most your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Insurance for medical payments – Med pay and PIP coverage pay for short-term medical expenses for things like funeral costs, dental work, nursing services, prosthetic devices and pain medications. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible

Cover all your bases

Insureds switch companies for any number of reasons including extreme rates for teen drivers, being labeled a high risk driver, unfair underwriting practices and delays in responding to claim requests. Regardless of your reason for switching companies, finding the right car insurance provider is pretty easy and you might even save some money in the process.

We just presented a lot of techniques to lower your Audi A8 insurance rates in Boston. The key concept to understand is the more rate quotes you have, the higher the chance of saving money. You may even discover the lowest rates come from a lesser-known regional company.

When shopping online for car insurance, it’s very important that you do not skimp on coverage in order to save money. There have been many situations where consumers will sacrifice liability limits or collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to buy the best coverage you can find for the lowest price, but do not skimp to save money.

For more information, take a look at the resources below: