It’s safe to assume that insurance companies don’t want you to look for a cheaper policy. People who perform rate comparisons will most likely buy a different policy because of the high probability of finding a lower-cost company. Surprisingly, a recent survey revealed that drivers who did price comparisons regularly saved on average $72 a month compared to people who never shopped around for better prices.
If finding budget-friendly auto insurance is your ultimate goal, then learning about how to quote prices and compare coverages can help simplify the task of finding more affordable coverage.
The most effective way to find lower priced car insurance rates is to regularly compare price quotes from insurers that sell auto insurance in Boston.
- Take a few minutes and learn about how companies set rates and the things you can control to keep rates down. Many factors that cause high rates such as traffic citations and bad credit can be improved by making minor driving habit or lifestyle changes. Read the full article for instructions to help prevent high rates and earn larger discounts.
- Compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like GEICO and Allstate, while agents who are independent can quote prices for a wide range of companies.
- Compare the new rates to the premium of your current policy and determine if there is any savings. If you can save money and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Notify your current company of your intention to cancel your existing policy. Submit the signed application along with the required initial payment to your new carrier. Immediately upon receiving it, put the new certificate verifying coverage with the vehicle registration.
An important bit of advice to remember is to make sure you’re comparing identical coverage information on each price quote and and to compare all possible companies. Doing this helps ensure an apples-to-apples comparison and a complete price analysis.
Getting more affordable car insurance pricing is not a difficult process. The only thing you need to do is invest a few minutes to compare rate quotes online with multiple companies.
The companies shown below are ready to provide comparison quotes in Boston, MA. If you want to find cheap car insurance in Massachusetts, it’s highly recommended you compare several of them to get a more complete price comparison.
Affordable rates on Audi R8 insurance in Boston with these nine discounts
Companies that sell car insurance don’t always advertise every discount available in a way that’s easy to find, so the list below gives a summary of a few of the more well known as well as the least known discounts that you may qualify for.
- Paperwork-free – Some insurance companies give back up to $50 for buying your policy over the internet.
- Good Student – This discount may save you up to 25%. This discount can apply up to age 25.
- Payment Discounts – By making one initial payment as opposed to paying monthly you may have a lower total premium amount.
- Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education in high school.
- Accident Waiver – This isn’t a discount exactly, but companies like State Farm and GEICO permit an accident without getting socked with a rate hike if your claims history is clear for a certain period of time.
- Telematics Data Discounts – People who choose to allow their company to analyze where and when they drive by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive may get a rate reduction as long as the data is positive.
- ABS and Traction Control Discounts – Cars, trucks, and SUVs with ABS and/or traction control can avoid accidents and qualify for as much as a 10% discount.
- 55 and Retired – Older drivers are able to get a small discount on rates.
- Defensive Driving Course – Completing a safe driver class could possibly earn you a 5% discount if you qualify.
One last thing about discounts, most discounts do not apply to the overall cost of the policy. Most cut the cost of specific coverages such as liability and collision coverage. So even though you would think all those discounts means the company will pay you, insurance companies aren’t that generous.
The diagram below illustrates the difference between Audi R8 insurance premiums with and without discounts. The price estimates are based on a female driver, a clean driving record, no at-fault accidents, Massachusetts state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, claim-free, marriage, and multi-policy discounts applied.
The best insurance companies and the discounts they provide are:
- Farm Bureau may have discounts that include safe driver, youthful driver, good student, 55 and retired, renewal discount, and multi-policy.
- MetLife discounts include claim-free, good student, accident-free, defensive driver, multi-policy, good driver
- Progressive offers premium reductions for multi-policy, online signing, multi-vehicle, good student, continuous coverage, homeowner, and online quote discount.
- AAA has discounts for AAA membership discount, good driver, education and occupation, pay-in-full, and multi-car.
- American Family may offer discounts for Steer into Savings, defensive driver, multi-vehicle, TimeAway discount, good student, and mySafetyValet.
- GEICO offers discounts including driver training, multi-policy, membership and employees, air bags, and federal employee.
- State Farm policyholders can earn discounts including passive restraint, driver’s education, good student, accident-free, anti-theft, student away at school, and defensive driving training.
Double check with every company which discounts can lower your rates. Discounts might not be available to policyholders in every state. To see insurers who offer online Audi R8 insurance quotes in Massachusetts, click here to view.
Analysis of Audi R8 rates
The premium information shown below covers different policy rates for Audi R8 models. Knowing how auto insurance prices are figured can help you make informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $384 | $962 | $434 | $26 | $130 | $1,936 | $161 |
| R8 4.2 Quattro | $384 | $962 | $434 | $26 | $130 | $1,936 | $161 |
| R8 5.2 Quattro 10Cyl | $460 | $1138 | $434 | $26 | $130 | $2,188 | $182 |
| R8 5.2 Quattro 10Cyl | $460 | $1138 | $434 | $26 | $130 | $2,188 | $182 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Information does not factor in Boston location which can impact coverage prices greatly.
Higher deductibles save money
One common question asked by Boston drivers is which comprehensive and collision deductibles to buy. The rates below can help you visualize the rate fluctuation between low and high insurance deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $490 | $1056 | $334 | $20 | $100 | $2,025 | $169 |
| R8 4.2 Quattro | $490 | $1056 | $334 | $20 | $100 | $2,025 | $169 |
| R8 5.2 Quattro 10Cyl | $590 | $1250 | $334 | $20 | $100 | $2,319 | $193 |
| R8 5.2 Quattro 10Cyl | $590 | $1250 | $334 | $20 | $100 | $2,319 | $193 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $304 | $664 | $334 | $20 | $100 | $1,422 | $119 |
| R8 4.2 Quattro | $304 | $664 | $334 | $20 | $100 | $1,422 | $119 |
| R8 5.2 Quattro 10Cyl | $364 | $786 | $334 | $20 | $100 | $1,604 | $134 |
| R8 5.2 Quattro 10Cyl | $364 | $786 | $334 | $20 | $100 | $1,604 | $134 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Price estimates do not factor in specific Boston garaging location which can modify coverage prices noticeably.
Based on the figures above, using a $250 deductible costs an average of $54 more each month or $648 a year than selecting the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you go more than 14 months between claims, you would probably be better off if you decide on a higher deductible. The numbers below show a better example of how this calculation is made.
| Average monthly premium for $250 deductibles: | $181 |
| Average monthly premium for $1,000 deductibles (subtract): | – $127 |
| Monthly savings from raising deductible: | $54 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $54 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
One important caveat is that a higher deductible means you will have to pay more of your own money when you have a comprehensive or collision claim. That will require enough disposable savings in the event you need to pay the deductible.
Drive safe and save
The chart below shows how speeding tickets and at-fault accidents can affect Audi R8 insurance premiums for different age categories. The rates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.
Cost of full coverage in Boston
The example below shows the comparison of Audi R8 yearly insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on no violations or accidents, $1,000 deductibles, drivers are single, and no discounts are factored in.
Should you buy full coverage or liability only?
There is no exact rule to delete comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your Audi R8 replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after you pay the deductible. If it’s costing you more than $700 a year for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some situations where buying only liability insurance is not in your best interest. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not opt for liability only.
Insurance agencies can help
Many drivers still prefer to sit down with an agent and doing so can bring peace of mind Professional agents are trained to spot inefficiencies and help submit paperwork. The biggest benefit of comparing rates online is the fact that drivers can get lower prices and still buy from a local agent. Buying insurance from local insurance agencies is definitely important in Boston.
By using this form (opens in new window), your information is submitted to companies in Boston who can give free rate quotes and help you find cheaper coverage. There is no need to leave your house since price quotes are sent to you instantly. If you have a need to get a comparison quote from one company in particular, you can always jump over to their website and give them your coverage information.
Shown below are Boston car insurance companies willing to provide price quotes for Audi R8 insurance in Boston.
- Sbhu Life Insurance Agency: Weinstein Keith
28 State St # 25 – Boston, MA 02109 – (617) 570-9519 – View Map - ​Regus insurance Agency, LLC
287 Newbury St – Boston, MA 02115 – (617) 902-0011 – View Map - DMC Insurance Agency Inc
100 High St # 2800 – Boston, MA 02110 – (617) 451-0100 – View Map - Metro Boston Insurance Agency
78 Bennington St – Boston, MA 02128 – (617) 561-3191 – View Map
Choosing the best insurer requires more thought than just a cheap quote. Before buying a policy in Boston, get answers to these questions.
- Do they have 24-hour customer assistance?
- How long has the business existed?
- How much can you save by raising your physical damage deductibles?
- What are the financial ratings for the companies they represent?
- Do they prorate repair cost based on vehicle mileage?
- Will the agent or a CSR service your policy?
- Is there a Errors and Omissions policy in force?
Upon getting positive feedback to any questions you have as well as a price you’re happy with, it’s possible that you found an insurer that meets the requirements to insure your vehicles.
Which policy gives me the best coverage?
When selecting the right insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Everyone’s situation is unique.
Here are some questions about coverages that could help you determine if your situation will benefit from professional help.
- Should I waive the damage coverage when renting a car?
- Why do I need rental car insurance?
- Are my tools covered if they get stolen from my vehicle?
- What if I owe more than I can insure my car for?
- What policy terms are available?
- What is glass protection for?
- Am I covered while delivering pizza?
- Is my son or daughter covered when driving my car?
- How high should deductibles be on a Audi R8?
- What is high-risk coverage and where do I buy it?
If you’re not sure about those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form. It only takes a few minutes and can provide invaluable advice.
Detailed coverages of your auto insurance policy
Having a good grasp of your auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring.
Collision coverage – This coverage pays for damage to your R8 resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as damaging your car on a curb, crashing into a ditch and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible on your R8 to save money on collision insurance.
Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Audi R8.
Because many people have only the minimum liability required by law (which is 20/40/5), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time the UM/UIM limits are set the same as your liability limits.
Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for bills for things like hospital visits, funeral costs, chiropractic care, nursing services and doctor visits. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible
Comprehensive coverage – This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like vandalism, damage from flooding, damage from a tornado or hurricane, rock chips in glass and fire damage. The highest amount you’ll receive from a claim 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.
Liability – This coverage will cover damages or injuries you inflict on other’s property or people. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 20/40/5 that translate to $20,000 in coverage for each person’s injuries, $40,000 for the entire accident, and $5,000 of coverage for damaged property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.
Liability coverage pays for things such as court costs, attorney fees and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible. Massachusetts requires drivers to carry at least 20/40/5 but you should think about purchasing more liability than the minimum.
The next chart shows why low liability limits may not be enough coverage.
Shop smart and save
Budget-conscious Audi R8 insurance is attainable online and with local Boston insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies may not offer online price quotes and these regional insurance providers provide coverage only through local independent agents.
Drivers change insurance companies for a number of reasons such as lack of trust in their agent, being labeled a high risk driver, delays in paying claims or even high rates after DUI convictions. Whatever your reason, switching insurance companies can be less work than you think.
As you restructure your insurance plan, make sure you don’t reduce needed coverages to save money. There are many occasions where drivers have reduced uninsured motorist or liability limits and discovered at claim time that the small savings ended up costing them much more. The proper strategy is to get the best coverage possible for the lowest price.
Additional detailed information can be found in these articles:
- Older Driver Statistics (Insurance Information Institute)
- How Much is Boston Auto Insurance for a Nissan Sentra? (FAQ)
- Who Has the Cheapest Boston Auto Insurance for Drivers Under 21? (FAQ)
- Who Has Cheap Auto Insurance for Ride Shares in Boston? (FAQ)
- Who Has Cheap Boston Auto Insurance for Government Employees? (FAQ)
- How Much is Auto Insurance for Good Students in Boston? (FAQ)
- How Much is Auto Insurance for Felons in Boston? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Low Income Drivers in Boston? (FAQ)
- Distracted Driving Statistics (Insurance Information Institute)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)