Cheap Quotes for Audi R8 Insurance in Honolulu

Insurance rates Audi R8 in HonoluluWant more competitive Audi R8 insurance in Honolulu? Cutting costs on Audi R8 insurance in Honolulu is always quite difficult for drivers who are beginners to comparison shopping online. With dozens of insurance companies available, it can easily turn into a real hassle to find the best price in Hawaii on Audi R8 insurance.

It goes without saying that auto insurance companies want to keep you from comparing rates. Consumers who shop for lower rates will most likely buy a different policy because there is a good chance of finding coverage at a cheaper rate. A recent survey found that consumers who compared rate quotes regularly saved as much as $70 a month as compared to drivers who don’t regularly compare prices.

If finding discount rates on auto insurance is why you’re reading this, then learning a little about how to find and compare auto insurance can help make the process easier and more efficient.

It’s important to check car insurance prices as often as possible since rates are variable and change quite frequently. Just because you had the lowest rate on Audi R8 insurance in Honolulu a few years ago a different company probably has better prices today. Forget anything you know (or think you know) about car insurance because you’re going to learn the things you must know in order to save money, get proper coverage and the best rates.

How to compare Honolulu Audi R8 insurance price quotes

When looking for cheaper Honolulu auto insurance quotes, there are a couple ways to compare quotes from local Honolulu auto insurance companies. The simplest method to find affordable Audi R8 insurance rates is to get quotes online.

When price shopping your coverage, comparing more prices increases the chance that you will find more affordable rates. Not every company provides Honolulu R8 insurance quotes over the internet, so it’s necessary to compare rates from them as well.

The companies shown below are ready to provide free quotes in Honolulu, HI. If several companies are displayed, it’s highly recommended you get price quotes from several of them in order to find the cheapest rates.

Lower rates by qualifying for discounts

Some insurance providers don’t always list their entire list of discounts very well, so we break down some of the best known and the harder-to-find credits available to lower your premiums when you buy Honolulu auto insurance online. If you don’t get every credit possible, you could be saving more on your car insurance.Car insurance discounts

We need to note that most credits do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Despite the appearance that adding up those discounts means a free policy, you’re out of luck.

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

A list of companies and a summarized list of policyholder discounts include:

Before buying, ask every prospective company the best way to save money. Some discounts might not apply in every state.

Rates and detailed analysis

The data table shown next covers a range of insurance prices for Audi R8 models. Having insight into how policy premiums are formulated is important to be able to make decisions when shopping your coverage around.

Audi R8 Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
R8 4.2 Quattro $394 $918 $272 $16 $82 $1,682 $140
R8 4.2 Quattro $394 $918 $272 $16 $82 $1,682 $140
R8 5.2 Quattro 10Cyl $474 $1086 $272 $16 $82 $1,930 $161
R8 5.2 Quattro 10Cyl $474 $1086 $272 $16 $82 $1,930 $161
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price information does not factor in garaging location in Honolulu which can modify premium rates significantly.

How high should deductibles be?

One of the hardest decisions when shopping for car insurance is how high should your deductibles be. The comparisons below sum up the difference in cost when you select higher and lower physical damage coverage deductibles. The first set of prices uses a $100 deductible for comp and collision and the second rate chart uses a $500 deductible.

Audi R8 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
R8 4.2 Quattro $434 $998 $264 $16 $80 $1,817 $151
R8 4.2 Quattro $434 $998 $264 $16 $80 $1,817 $151
R8 5.2 Quattro 10Cyl $520 $1182 $264 $16 $80 $2,087 $174
R8 5.2 Quattro 10Cyl $520 $1182 $264 $16 $80 $2,087 $174
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Audi R8 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
R8 4.2 Quattro $316 $674 $264 $16 $80 $1,350 $113
R8 4.2 Quattro $316 $674 $264 $16 $80 $1,350 $113
R8 5.2 Quattro 10Cyl $380 $798 $264 $16 $80 $1,538 $128
R8 5.2 Quattro 10Cyl $380 $798 $264 $16 $80 $1,538 $128
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Information does not factor in specific location which can alter coverage rates significantly.

Using the premium rates above, we can conclude that using a $100 deductible costs roughly $42 more each month or $504 every year than selecting the higher $500 deductible. Since you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you usually have more than 10 months between claims, you would save more money by going with a higher deductible. The table below illustrates an example of how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $163
Average monthly premium for $500 deductibles (subtract): – $121
Monthly savings from raising deductible: $42
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $42
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 10 months

One important caveat is that raising deductibles means you will have to pay more out-of-pocket when you have a physical damage claim. You need to have enough savings in the event you have to pay the higher deductible in order to repair your vehicle.

The illustration below shows how choosing a deductible and can raise or lower Audi R8 annual premium costs for different ages of insureds. The premiums assume a married female driver, comp and collision included, and no other discounts are factored in.

Impact of speeding/accidents on car insurance rates

The diagram below shows how speeding tickets and accidents can drive up Audi R8 annual premium costs for different age categories. The data is based on a married female driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

How to Lower Your Insurance Prices

Consumers need to have an understanding of the factors that help determine your auto insurance rates. If you have some idea of what influences your rates, this allows you to make good choices that may result in better auto insurance rates.

Youthful drivers pay higher premiums – Teenage drivers in Hawaii are proven to be careless and easily distracted with other occupants in the car so they pay higher auto insurance rates. Adding a teen driver onto a policy can be quite pricey. More mature drivers are more responsible, tend to file fewer claims, and receive fewer citations.

The next chart is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

Incidental coverages you don’t use – There are a lot of add-on coverages that can waste your money on your R8 policy. Insurance for things like rental car coverage, high-cost glass coverage, and term life insurance are some examples. The coverages may be enticing at first, but if you have no use for them remove them from your policy.

Stay claim-free and lower rates – Insurance companies in Hawaii give cheaper rates to insureds who are not frequent claim filers. If you file claims often, you can definitely plan on either policy cancellation or increased premiums. Your car insurance is intended for claims that pose a financial burden.

No auto insurance gaps is important – Having an insurance coverage lapse is a sure-fire way to pay more for auto insurance. Not only will rates go up, the inability to provide proof of insurance will get you a revoked license or a big fine.

Long commutes cost more – Driving a lot of miles in a year the higher your rates will be. A lot of insurance companies calculate prices based upon how much you drive. Vehicles used primarily for pleasure use receive better premium rates than vehicles that are driven to work every day. An improperly rated R8 may be wasting your money. Double check that your declarations sheet shows the proper vehicle usage.

Insure car and home with the same company – Lots of insurance companies give better rates to people that have more than one policy. It’s known as a multi-policy discount. The amount of the discounts can be 10 percent or more. Even if you already get this discount, you may still want to compare Audi R8 rates in Honolulu to make sure you are getting the best deal.There is a good possibility that you can find lower rates by splitting coverages up.