Are you intimidated by the number of auto insurance sources in your area? There are so many options that it is a real challenge to locate the lowest rates for Audi R8 insurance in Philadelphia. Everyone knows that Philadelphia is an excellent city in which to live, but trying to pay high auto insurance rates makes it very hard to make ends meet.
A recent auto insurance study revealed that nearly 70% of drivers have remained with the same auto insurance company for more than four years, and virtually 40% of consumers have never even compared quotes to find cheaper rates. With the average auto insurance premium being $1,400, Philadelphia drivers could save an average of approximately $700 each year just by shopping around, but most just don’t grasp the actual amount they would save if they just switched companies.
You should take the time to do rate comparisons periodically because prices are constantly changing. Just because you found the best price on Audi R8 insurance in Philadelphia a few years ago you will most likely find a better rate today. Block out anything you think you know about auto insurance because I’m going to let you in on the secrets to the only way to find great coverage at a great price.
Buying affordable insurance in Philadelphia is not that difficult. In a nutshell, everyone who has to buy insurance will most likely be able to save money. But Pennsylvania vehicle owners can benefit by having an understanding of the methods companies use to determine how much to charge and use this information to your advantage.
Save with these discounts on Audi R8 insurance in Philadelphia
Buying auto insurance is not cheap, but companies offer discounts that many people don’t even know exist. Certain credits will be shown at the time you complete a quote, but some need to be specifically requested before being credited.
- Discount for New Cars – Buying insurance on a new vehicle can get you a discount because new model year vehicles keep occupants safer.
- Anti-theft Discount – Anti-theft and alarm system equipped vehicles are stolen with less frequency so companies will give you a small discount.
- Multi-policy Discount – When you combine your auto and homeowners insurance with the same company you will save at least 10% off all policies.
- ABS Brakes – Cars equipped with ABS or steering control can stop better under adverse conditions so companies give up to a 10% discount.
- Distant College Student Discount – Older children who live away from home to go to college and don’t have a car may qualify for this discount.
- Discount for Swiching Early – A few companies allow discounts for switching companies before your current expiration date. The savings is around 10%.
- Defensive Driver Discount – Taking part in a defensive driver course is a good idea and can lower rates and easily recoup the cost of the course.
Don’t be surprised that many deductions do not apply to the whole policy. Some only apply to individual premiums such as collision or personal injury protection. So despite the fact that it appears you could get a free auto insurance policy, companies wouldn’t make money that way.
The information below illustrates the comparison of Audi R8 car insurance costs with and without discounts applied to the rates. The premiums are based on a male driver, a clean driving record, no claims, Pennsylvania state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-car, claim-free, safe-driver, and multi-policy discounts applied.
A few of the larger companies and the discounts they provide are detailed below.
- Esurance may have discounts that include anti-lock brakes, Switch & Save, Pac-12 alumni, paid-in-full, online shopper, safety device, and good student.
- The Hartford offers discounts including bundle, vehicle fuel type, defensive driver, anti-theft, driver training, and good student.
- AAA policyholders can earn discounts including good driver, AAA membership discount, pay-in-full, education and occupation, anti-theft, multi-policy, and multi-car.
- GEICO may include discounts for air bags, emergency military deployment, membership and employees, anti-lock brakes, defensive driver, and multi-policy.
- State Farm has savings for Steer Clear safe driver discount, defensive driving training, multiple autos, anti-theft, and good driver.
Before you buy a policy, ask all companies you are considering which discounts you may be entitled to. Savings may not be offered in every state.
The quickest way to compare car insurance company rates for Audi R8 insurance in Philadelphia is to understand auto insurance companies pay for the opportunity to compare their rates. To get started, all you need to do is spend a couple of minutes providing details including your credit rating estimate, how much school you completed, if it has an alarm system, and whether you are married. That rating information is instantly provided to multiple companies and you get price estimates almost instantly.
To start a quote now, click here and enter the information requested.
The providers in the list below can provide quotes in Philadelphia, PA. If multiple providers are shown, we suggest you visit two to three different companies in order to get a fair rate comparison.
Rates and information analytics
The premium information shown next outlines estimates of insurance costs for Audi R8 models. Having a good grasp of how insurance policy rates are formulated is important for you to make smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $538 | $1242 | $330 | $20 | $98 | $2,228 | $186 |
| R8 4.2 Quattro | $538 | $1242 | $330 | $20 | $98 | $2,228 | $186 |
| R8 5.2 Quattro 10Cyl | $648 | $1470 | $330 | $20 | $98 | $2,566 | $214 |
| R8 5.2 Quattro 10Cyl | $648 | $1470 | $330 | $20 | $98 | $2,566 | $214 |
| Get Your Own Customized Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rates do not factor in Philadelphia location which can change price quotes significantly.
Raise deductibles and save
When comparing car insurance rates, the most common question is which comprehensive and collision deductibles to buy. The rates shown below show the difference in cost between high and low coverage deductibles. The first rate estimation uses a $250 deductible for comprehensive and collision coverage and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $484 | $1040 | $330 | $20 | $98 | $1,997 | $166 |
| R8 4.2 Quattro | $484 | $1040 | $330 | $20 | $98 | $1,997 | $166 |
| R8 5.2 Quattro 10Cyl | $582 | $1230 | $330 | $20 | $98 | $2,285 | $190 |
| R8 5.2 Quattro 10Cyl | $582 | $1230 | $330 | $20 | $98 | $2,285 | $190 |
| Get Your Own Customized Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $298 | $654 | $330 | $20 | $98 | $1,400 | $117 |
| R8 4.2 Quattro | $298 | $654 | $330 | $20 | $98 | $1,400 | $117 |
| R8 5.2 Quattro 10Cyl | $360 | $774 | $330 | $20 | $98 | $1,582 | $132 |
| R8 5.2 Quattro 10Cyl | $360 | $774 | $330 | $20 | $98 | $1,582 | $132 |
| Get Your Own Customized Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Price estimates do not factor in specific garaging location which can revise price quotes considerably.
We can estimate from the data above that using a $250 deductible will cost in the ballpark of $53 more each month or $636 for a full year across all Audi R8 models than choosing the higher $1,000 deductible. Because you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 14 months between claims, you would save money if you opt for a higher deductible.
How to determine when to raise your deductibles
| Average monthly premium for $250 deductibles: | $178 |
| Average monthly premium for $1,000 deductibles (subtract): | – $125 |
| Monthly savings from raising deductible: | $53 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $53 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
One important note is that increasing deductibles to save money means you will have to cover more of the damage yourself at claim time. That will require access to more funds in the event you need to pay the higher deductible in order to repair your vehicle.
The information below illustrates how your deductible choice and can impact Audi R8 premium costs for each different age category. The rate quotes are based on a single female driver, full physical damage coverage, and no discounts are applied.
Should you buy full coverage?
The illustration below compares Audi R8 premium costs with full coverage compared to only the Pennsylvania minimum liability coverage. The information is based on no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no policy discounts are applied.
Guidelines for eliminating full coverage
There is no specific rule of when to drop comp and collision coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 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 $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after the policy deductible has been paid. If you are paying in excess of $700 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are some circumstances where buying only liability insurance is not a good plan. If you haven’t paid off your loan, you have to carry full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should maintain full coverage.
Neighborhood insurance agents
Many people prefer to get advice from a local agent and that is not a bad decision A good thing about comparing car insurance online is the fact that you can find lower rates and also buy local.
By using this short form, your information is submitted to insurance agents in Philadelphia that give free quotes to get your business. It simplifies rate comparisons since you won’t have to find an agent on your own since rate quotes are delivered directly to your email. You can find lower rates AND a local agent. If you have a need to compare rates from a specific car insurance provider, just find their quoting web page and complete a quote there.
Deciding on an insurance company is decision based upon more than just the price. Any good agent in Philadelphia should know the answers to these questions.
- Do they offer claims assistance after hours?
- Do they offer accident forgiveness?
- Are they in the agency full-time?
- What insurance companies do they work with in Philadelphia?
- Is the agent and/or agency licensed to do business in Pennsylvania?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Does the quote include credit and driving reports?
- Is every driver in your family covered?
The different types of car insurance agents
When finding a good Philadelphia insurance agent, you should know the different types of agents and how they work. Car insurance agents in Philadelphia can either be independent agents or exclusive agents depending on their employer.
Exclusive Car Insurance Agencies
Agents in the exclusive channel are contracted to one company such as State Farm, Allstate and AAA. These agents are unable to provide rate quotes from other companies so you need to shop around if the rates are high. They are trained well on what they offer and that enables them to sell even at higher rates. Some people will only use the same exclusive agent partially due to high brand loyalty rather than low rates.
Shown below is a short list of exclusive insurance agencies in Philadelphia that are able to give rate quotes.
- George Kweder – State Farm Insurance Agent
1521 W Oregon Ave – Philadelphia, PA 19145 – (215) 467-1837 – View Map - Kevin Lowber – State Farm Insurance Agent
1347 E Hunting Park Ave – Philadelphia, PA 19124 – (215) 533-9010 – View Map - Brian Madalion – State Farm Insurance Agent
7208 Ogontz Ave – Philadelphia, PA 19138 – (215) 549-4900 – View Map
Independent Car Insurance Agents
Independent insurance agents are not limited to a single company and that gives them the ability to insure with lots of companies and get the cheapest rates. If premiums increase, they simply switch companies in-house which is easy for the insured. When comparing rate quotes, you need to check rates from several independent agencies to have the best price comparison. They often place coverage with companies that do not advertise much that may provide cheaper car insurance rates.
The following is a short list of independent insurance agents in Philadelphia that can give you rate quotes.
- Torri Insurance Agency
214 Fairmount Ave – Philadelphia, PA 19123 – (800) 701-5909 – View Map - Fabey Insurance Agency
619 E Girard Ave – Philadelphia, PA 19125 – (215) 425-7640 – View Map - Crossing Insurance Group
4252 Richmond St – Philadelphia, PA 19137 – (215) 321-4990 – View Map
Upon receiving positive responses for all questions you ask and an affordable coverage quote, most likely you have located an insurance agency that meets the criteria to service your policy. Just understand that you are entitled to terminate your policy whenever you choose to so don’t feel that you’re stuck with any specific company for any length of time.
Be persistent and save
You just read quite a bit of information on how to reduce Audi R8 insurance rates online in Philadelphia. The key thing to remember is the more quotes you get, the better your chances of lowering your car insurance rates. Consumers could even find that the best rates are with the least-expected company.
Low-cost Audi R8 insurance in Philadelphia is definitely available from both online companies and also from your neighborhood Philadelphia agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance providers may not offer the ability to get a quote online and usually these small insurance companies work with independent agents.
As you prepare to switch companies, it’s not a good idea to sacrifice coverage to reduce premiums. There are many occasions where an accident victim reduced comprehensive coverage or liability limits only to find out that their decision to reduce coverage ended up costing them more. Your objective should be to buy the best coverage you can find at the best price, but don’t skip important coverages to save money.
Helpful learning opportunities
- Five Mistakes to Avoid (Insurance Information Institute)
- What Auto Insurance is Cheapest for a Toyota Corolla in Philadelphia? (FAQ)
- Who Has Affordable Auto Insurance for a Ford F-150 in Philadelphia? (FAQ)
- How Much is Philadelphia Auto Insurance for Drivers Over Age 50? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Uninsured Drivers in Philadelphia? (FAQ)
- Teen Driving Statistics (iihs.org)
- What is a Telematics Device? (Allstate)