Best Rates for Audi R8 Insurance in Anchorage

Insurance quote for Audi R8 in AnchorageWish you could get out of overpriced Audi R8 insurance in Anchorage? Trust us, many Anchorage consumers are in the same pinch.

It’s easy to assume that car insurance companies want to keep your business as long as possible. Insureds who shop around for cheaper rates will, in all likelihood, switch companies because there is a good chance of finding a more affordable policy premium. A survey found that drivers who compared rates regularly saved on average $860 a year compared to policyholders who never compared rates.

If finding low prices for auto insurance is your objective, then having a good understanding how to quote prices and compare insurance rates can help make the process easier. You have multiple insurers to insure vehicles with, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to find the best rates for Audi R8 insurance in Anchorage.

Consumers should take time to get comparison quotes occasionally because prices change frequently. Just because you found the lowest rate on Audi R8 insurance in Anchorage a few years ago the chances are good that you can find a lower premium rate today. Ignore everything you know about insurance because you’re about to learn one of the best ways to find the best coverage while lowering your premiums.

How to buy Audi R8 insurance online

Cutting your Anchorage insurance rates is not a difficult process. The only requirement is to take the time to get quotes from some recommended companies.

Getting rate quotes online is very simple and it takes the place of having to make phone calls or go to insurance agents’ offices. Shopping for insurance online eliminates the middleman unless you have a complicated situation and need the peace of mind that you can only get from talking to an agent. Some companies do allow you to get prices online but have a local agent actually write the policy.

The companies shown below are our best choices to provide price comparisons in Alaska. If you want to find cheap car insurance in Alaska, it’s highly recommended you visit two to three different companies to get a more complete price comparison.

Anchorage insurance discounts

Some insurers don’t always advertise the entire discount list in a way that’s easy to find, so we break down some of the best known and the more hidden credits that you can use to lower your rates.Insurance discounts

Don’t be surprised that many deductions do not apply to the whole policy. Most only apply to specific coverage prices like liability and collision coverage. Even though it may seem like it’s possible to get free car insurance, you aren’t that lucky. But any discount will cut the cost of your policy.

The example below shows the difference between Audi R8 auto insurance rates with and without discounts applied. The premium estimates are based on a male driver, no claims or driving violations, Alaska 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 multi-car, multi-policy, homeowner, marriage, claim-free, and safe-driver discounts applied.

To see insurers with discount insurance rates in Alaska, click here.

Audi R8 insurance rates and statistics

The rate information below highlights detailed analysis of coverage costs for Audi R8 models. Learning more about how insurance prices are formulated can be valuable when making decisions on which coverage to buy.

Audi R8 Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
R8 4.2 Quattro $400 $860 $272 $16 $82 $1,630 $136
R8 4.2 Quattro $400 $860 $272 $16 $82 $1,630 $136
R8 5.2 Quattro 10Cyl $480 $1018 $272 $16 $82 $1,868 $156
R8 5.2 Quattro 10Cyl $480 $1018 $272 $16 $82 $1,868 $156
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Price estimates do not factor in vehicle garaging location which can alter auto insurance rates considerably.

Higher deductibles lower rates

The hardest decision when buying coverage is what deductibles to buy. The rates below may help to conceptualize the rate differences when you choose different insurance deductibles. The first table uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.

Audi R8 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
R8 4.2 Quattro $400 $860 $272 $16 $82 $1,655 $138
R8 4.2 Quattro $400 $860 $272 $16 $82 $1,655 $138
R8 5.2 Quattro 10Cyl $480 $1018 $272 $16 $82 $1,893 $158
R8 5.2 Quattro 10Cyl $480 $1018 $272 $16 $82 $1,893 $158
Get Your Own Custom Quote Go

Audi R8 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
R8 4.2 Quattro $324 $694 $272 $16 $82 $1,388 $116
R8 4.2 Quattro $324 $694 $272 $16 $82 $1,388 $116
R8 5.2 Quattro 10Cyl $390 $820 $272 $16 $82 $1,580 $132
R8 5.2 Quattro 10Cyl $390 $820 $272 $16 $82 $1,580 $132
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Information does not factor in Anchorage location which can alter insurance rates significantly.

Based on the above data, using a $250 deductible will cost you approximately $24 more each month or $288 for a full year averaged for all R8 models than requesting the higher $500 deductible. Because you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you usually have at a minimum 10 months between claim filings, you would probably save some money if you decide on a higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $250 deductibles: $148
Average monthly premium for $500 deductibles (subtract): – $124
Monthly savings from raising deductible: $24
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $24
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 increasing deductibles to save money means you will have to pay more of your own money at claim time. You must have enough money in the bank in the event you need to pay the higher deductible.

The chart below illustrates how your deductible choice and can raise or lower Audi R8 premium costs for different ages of insureds. The premiums assume a married male driver, full physical damage coverage, and no additional discounts are factored in.

Audi R8 full coverage rates compared to liability only

The information below illustrates the comparison of Audi R8 annual premium costs when comparing full coverage to liability only. The premiums are based on no violations or accidents, $500 deductibles, marital status is single, and no other discounts are factored in.

Should you pay for full coverage or liability only?

There is no clear-cut rule of when to stop paying for physical damage insurance, but there is a general guideline. If the yearly cost of full coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s pretend your Audi R8 claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $4,000 after paying the physical damage deductible. If it’s costing you more than $400 a year to have full coverage, then it may be the right time to buy liability only.

There are some situations where dropping physical damage coverage is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.

Buying car insurance from Anchorage auto insurance agents

Some people still prefer to have an agent’s advice and that is not a bad decision Insurance agents are trained risk managers and help in the event of a claim. One of the benefits of comparing rate quotes online is that you can find better rates but also keep your business local. Buying insurance from local insurance agencies is important particularly in Anchorage.

Find insurance agent in AnchorageUpon completion of this short form, the quote information is emailed to companies in Anchorage that can give you free Anchorage car insurance quotes for your car insurance coverage. There is no reason to visit any agencies since rate quotes are delivered straight to your inbox. If you wish to get a comparison quote from a specific company, just visit that company’s website and fill out the quote form the provide.

If you would like to find a local Anchorage insurance agent, there are a couple of different types of agencies that you can choose from. Car insurance policy providers may be either independent or exclusive. Both types can write car insurance policies, but it is important to understand the differences since it can impact the kind of agent you use.

Independent Agents (or Brokers)

Agents in the independent channel often have many company appointments and that allows them to write policies with many different companies enabling the ability to shop coverage around. To transfer your coverage to a different company, the business is moved internally and you don’t have to switch agencies. When comparing rate quotes, it’s recommended you include rate quotes from a few independent agents for the best price selection.

Below is a small list of independent agencies in Anchorage that may be able to provide free car insurance quotes.

507 W Northern Lights BlvdAnchorage, AK 99503(907) 276-7667View Map

Safeco Insurance
500 W 36th Ave #210Anchorage, AK 99503(907) 770-2400View Map

6901 Debarr Road #201Anchorage, AK 99504(907) 337-2311View Map

View more Anchorage agents

Exclusive Insurance Agencies

Agents that elect to be exclusive can usually just insure with one company and some examples include Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agents cannot provide other company’s prices so they really need to provide good service. Exclusive agents are usually well trained on sales techniques which helps them sell insurance even at higher premiums.

Below is a short list of exclusive insurance agencies in Anchorage who can help you get comparison quotes.

5600 Debarr Road Ste 140Anchorage, AK 99504(907) 333-4131View Map

3304 Spenard RdAnchorage, AK 99503(907) 561-7671View Map

9900 Old Seward Hwy #5Anchorage, AK 99515(907) 346-4006View Map

View more Anchorage agents

Deciding on an auto insurance agent requires you to look at more than just a low price. A good agent in Anchorage will have answers to these questions.

Insurance can get complicated

When buying your policy for your personal vehicles, there is no single plan that fits everyone. Your situation is unique and a cookie cutter policy won’t apply.Safe vehicles cost less to insure
For instance, these questions could help you determine whether your personal situation may require specific advice.

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.

Anchorage Insurance Costs are Influenced by These Factors

When buying insurance it’s important to understand some of the elements that aid in calculating your insurance rates. When consumers understand what determines base rates, this empowers consumers to make smart changes that may reward you with lower premium levels. Many different elements are considered when you get your auto insurance bill. Some are obvious like a motor vehicle report, although some other factors are not as apparent such as your credit history or your financial responsibility.

Pleasure use or commuting – The more miles you rack up on your Audi in a year’s time the higher the price you pay to insure it. A lot of insurance companies charge to insure your cars based upon how you use the vehicle. Cars that sit idle most of the time qualify for better rates than vehicles that are driven to work every day. An improperly rated R8 can cost quite a bit. It’s a good idea to make sure your policy correctly shows how each vehicle is driven, because improper ratings can cost you money.

Traffic violations can increase costs – Careful drivers tend to pay less for car insurance as compared to careless drivers. Having a single citation can increase the cost of insurance by as much as twenty percent. Drivers who have received dangerous violations like DUI or willful reckless driving may be required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to prevent their license from being revoked.

The illustration below demonstrates how traffic citations and fender-benders drive up Audi R8 insurance prices for different ages of insureds. The rates are based on a single female driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.

Age of drivers impacts rates – Older people are more cautious drivers, statistically cause fewer accidents, and get fewer tickets. Teenage drivers are known to be inattentive when behind the wheel therefore insurance rates are much higher.

The following chart uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

High coverage deductibles equal low rates – Physical damage insurance, also called comprehensive and collision insurance, insures against damage to your Audi. Some examples of claims that would be covered are running into the backend of another car, flood damage, and burglary. Physical damage deductibles tell how much you are required to spend before your insurance pays a claim. The more damage repair cost the insured has to pay upfront, the less your insurance will be.

Rural areas have lower costs – Residing in less populated areas of the country may provide you with better prices when it comes to insurance. Less people corresponds to lower accident rates and also fewer theft and vandalism claims. Drivers in populated Alaska areas regularly have much more traffic and longer commutes to work. More time behind the wheel means more chances of being involved in an auto accident.

Protect more than your Audi R8

Despite the high insurance cost for a Audi R8 in Anchorage, paying for insurance is required in Alaska but also provides important benefits.

The benefits of buying insurance are definitely more than the cost, especially for larger claims. Unknowingly, the average driver is overpaying over $820 a year so it’s recommended you shop around each time the policy renews to save money.

Compare. Compare. Compare.

You just read quite a bit of information on how to save on Audi R8 insurance in Anchorage. The most important thing to understand is the more providers you compare, the better likelihood of getting inexpensive Anchorage car insurance quotes. You may even find the biggest savings come from a smaller regional carrier. These smaller insurers often have lower rates on specific markets than the large multi-state companies such as Progressive or GEICO.

As you restructure your insurance plan, don’t be tempted to buy poor coverage just to save money. There are too many instances where an accident victim reduced comprehensive coverage or liability limits and learned later they didn’t have enough coverage. The proper strategy is to purchase plenty of coverage for the lowest cost and still be able to protect your assets.

Steps to finding cheaper Audi R8 insurance in Anchorage

Truthfully, the best way to get cheaper car insurance rates is to regularly compare prices from providers in Anchorage. You can compare prices by following these steps.

  1. Take a few minutes and learn about individual coverages and the modifications you can make to prevent rate increases. Many rating criteria that increase rates like accidents, traffic tickets, and a low credit score can be remedied by paying attention to minor details.
  2. Request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from one company like Progressive and State Farm, while agents who are independent can provide prices from multiple companies.
  3. Compare the price quotes to your current policy and see if you can save money. If you find a lower rate and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Provide notification to your current agent or company to cancel your current auto insurance policy. Submit payment along with a signed and completed policy application to the new company. Once the application is submitted, place your new proof of insurance paperwork in an easily accessible location.

The key thing to remember is that you use identical coverages on every quote request and and to get rate quotes from as many carriers as you can. This helps ensure a fair price comparison and the best price selection.

Even more information can be read in these articles: