Unbelievable but true according to a study most consumers kept their policy with the same company for more than four years, and just under half have never quoted auto insurance rates at all. The average driver in Hawaii could save themselves approximately 40% a year, but they don’t understand how simple it is to find affordable rates by getting comparison quotes.
The easiest way to find discount Audi S8 insurance in Honolulu is to start comparing prices yearly from providers that sell auto insurance in Hawaii. Rates can be compared by completing these steps.
- Step 1: Try to comprehend how companies price auto insurance and the changes you can make to prevent high rates. Many rating criteria that cause rate increases such as at-fault accidents and an unacceptable credit rating can be improved by being financially responsible and driving safely. Read the full article for the details to prevent high rates and find discounts that may have been missed.
- Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like Progressive or State Farm, while independent agencies can provide prices from multiple insurance companies.
- Step 3: Compare the new rate quotes to the price on your current policy and determine if cheaper S8 coverage is available. If you find a better price and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Step 4: Notify your agent or company to cancel your current car insurance policy and submit a down payment and signed policy application to the new company. Once coverage is bound, store the proof of insurance paperwork above your visor, in the console, or in the glove compartment.
The most important part of shopping around is to use the same amount of coverage on each quote and and to look at as many carriers as you can. Doing this provides an accurate price comparison and the best rate selection.
If you are insured now or just want to reduce your rates, you can use these techniques to save money without having to cut coverage. Our goal is to instruct you on the best methods to compare rates and how to save the most money. Drivers just have to know the most time-saving way to get comparison rates from multiple carriers.
Informed Drivers Save on Insurance
An important part of buying insurance is that you know some of the elements that aid in calculating auto insurance rates. If you have some idea of what controls the rates you pay, this enables you to make decisions that may result in better auto insurance rates. Many factors are used when quoting car insurance. Some are pretty understandable such as your driving record, but some are more transparent such as whether you are married or your commute time.
The factors shown below are a partial list of the pieces auto insurance companies consider when setting your premiums.
- Save money with higher comp and collision deductibles – The deductibles you choose are the amount of money you are required to pay if you file a covered claim. Physical damage protection, also called comprehensive and collision insurance, is used to repair damage to your car. Some examples of covered claims would be colliding with a stationary object, animal collisions, and damage caused by road hazards. The more money you have to pay, the lower your rates will be.
- Lower rates come with age – Mature drivers have been proven to be more responsible, file fewer claims, and get fewer tickets. Youthful drivers have been known to be easily distracted behind the wheel so auto insurance rates are higher.
- Limits of liability protection – The liability section of your policy kicks in if you are found to be at fault for causing personal injury or damage in an accident. Your liability coverage provides legal defense to attempt to prove you were not liable. This coverage is very inexpensive compared to other policy coverages, so drivers should carry high limits.
- Gender is a factor – Over time, data shows that men are more aggressive behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Females and males are in auto accidents at about the same rate, but the men get into accidents with more damage. Not only that, but men also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Young males tend to get in the most accidents so it costs more to insure them.
- Never let your auto insurance policy lapse – Allowing your auto insurance policy to lapse is a quick way to bump up your auto insurance costs. Not only will rates go up, not being able to provide proof of insurance will get you a fine, jail time, or a revoked license.
- Avoid tickets and save – Getting just one speeding ticket or other violation can boost insurance rates to the point where it’s not affordable. Drivers who don’t get tickets pay less for auto insurance as compared to careless drivers. Drivers who have received careless citations like DWI, reckless driving or hit and run convictions are required to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to drive a vehicle legally.
- Stay claim-free and save money – Car insurance companies in Hawaii award the best rates to policyholders who only file infrequent claims. If you are the type of insured that files lots of claims you can look forward to either a policy non-renewal or much higher rates. Auto insurance is designed for claims that you cannot pay yourself.
- The type of vehicle makes a difference – The type of car or truck you drive makes a huge difference in determining your rates. Economy passenger models generally have the cheapest insurance rates, but there are many factors that impact the final cost.
Insurance losses for an Audi S8 – Car insurance companies use data from past claims to calculate a price that will offset losses. Vehicles that historically have a trend towards higher claims will have increased rates. The data below shows the actual insurance loss data for Audi S8 vehicles.
For each type of coverage, the claim amount for all vehicles, regardless of manufacturer or model, equals 100. Values that are below 100 suggest a positive loss record, while values over 100 show a trend for more claims or an increased probability of a larger loss.
Insurance Loss Ratings for Audi S8 Vehicles Specific Audi Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Audi S8 4dr 4WD 288 266BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Honolulu insurance discounts
Companies that sell car insurance do not advertise the entire discount list in a way that’s easy to find, so the list below contains a few of the more well known and also the more inconspicuous credits that may apply to you. If you are not receiving all the discounts available, it’s possible you qualify for a lower rate.
- Discount for Good Grades – Being a good student may save as much as 25% on a Honolulu auto insurance quote. The discount lasts up until you turn 25.
- Federal Government Employee – Active or former government employment may reduce rates when you quote Honolulu auto insurance but check with your company.
- Honolulu Homeowners Discount – Owning your own home or condo can get you a discount because of the fact that having a home means you have a higher level of financial diligence.
- One Accident Forgiven – This one is not really a discount per se, but some insurance companies will allow you to have one accident before they charge you more for coverage with the catch being you have to be claim-free before the accident.
- Discount for Low Mileage – Low annual miles could qualify for better insurance rates on cars that stay parked.
Remember that most credits do not apply to the whole policy. The majority will only reduce the cost of specific coverages such as liability and collision coverage. Just because it seems like adding up those discounts means a free policy, you aren’t that lucky.
To locate insurance companies that offer the discounts shown above in Honolulu, click here.
Smart consumers save more
Affordable Audi S8 insurance in Honolulu can be found from both online companies in addition to local insurance agencies, and you need to price shop both to get a complete price analysis. Some companies may not have online quoting and most of the time these small insurance companies prefer to sell through independent agencies.
When getting Honolulu auto insurance quotes online, it’s very important that you do not skimp on critical coverages to save a buck or two. There are a lot of situations where someone sacrificed physical damage coverage and learned later that they should have had better coverage. The proper strategy is to buy enough coverage for the lowest cost while still protecting your assets.
We just showed you many ways to find cheap Audi S8 insurance in Honolulu. The key thing to remember is the more rate quotes you have, the higher your chance of finding affordable Honolulu auto insurance quotes. You may even find the best price on auto insurance is with a company that doesn’t do a lot of advertising.
- Uninsured Motorist Statistics (Insurance Information Institute)
- How Much are Car Insurance Rates for a Learners Permit in Honolulu? (FAQ)
- Who Has Affordable Honolulu Car Insurance Quotes for Drivers with a DUI? (FAQ)
- Who Has Affordable Car Insurance for Low Mileage Drivers in Honolulu? (FAQ)
- State Car Insurance Guides (GEICO)
- Auto Theft Statistics (Insurance Information Institute)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)