Being forced to pay for overpriced car insurance premiums can sap your checking account and make it tough to pay other bills. Shopping your coverage around can lower your rates and help to make ends meet.
Unbelievable but true, almost 70% of drivers renewed their policy with the same company for at least the last four years, and nearly 40% of drivers have never taken the time to shop around. New Orleans drivers could save themselves as much as $900 a year, but most just don’t grasp the amount of savings they would get if they bought a different policy. Since you have so many insurance companies to choose from that have cheap insurance for an Audi R8 in New Orleans, it is hard for the average consumer to pick the lowest cost company.
It’s a good idea to do rate comparisons before your policy renews because insurance prices tend to go up over time. Even if you think you had the best price on Audi R8 insurance in New Orleans last year there is a good chance you can find better rates now. Block out anything you think you know about car insurance because you’re going to learn one of the easiest ways to save on car insurance.
Locating the best insurance company for you in New Orleans can be much easier if you know how to start. If you currently have car insurance, you will most likely be able to shop for the lowest rates using the ideas presented in this article. Vehicle owners just have to use the fastest way to compare rates from many different companies online.
The best way to compare car insurance company rates for Audi R8 insurance in New Orleans is to know the trick car insurance companies have advanced systems to provide you with free rate quotes. The only thing you need to do is take a few minutes to give details like an estimate of your credit level, coverage limits, if it has an alarm system, and the year, make and model of vehicles. Those rating factors gets transmitted to many highly-rated insurers and you will get price comparisons quickly.
If you would like to start a quote now, click here and enter your coverage details.
The companies shown below provide price quotes in Louisiana. If multiple companies are listed, we suggest you click on several of them to get a more complete price comparison.
Discounts for affordable auto insurance rates
Insuring your fleet can be pricey, but you may find discounts to reduce the price significantly. Many of these discounts will be applied automatically when you get a quote, but occasionally some discounts must be specially asked for prior to getting the savings.
- ABS Brakes – Cars with anti-lock braking systems can avoid accidents so companies give up to a 10% discount.
- College Student – Older children who live away from home to go to college without a vehicle on campus may be able to be covered for less.
- Discounts for Government Workers – Active or retired federal employment may qualify for a discount when you quote New Orleans auto insurance depending on your company.
- Senior Discount – Older drivers can get lower premium rates.
- Good Student Discount – Excelling in school can earn a discount of 20% or more. This discount can apply well after school through age 25.
- Military Discounts – Being deployed with a military unit could trigger a small discount.
- Paper-free Discount – A few larger online companies will give you a small discount shop New Orleans auto insurance on your computer.
- Club Memberships – Being a member of a qualifying organization could qualify you for a break on your next auto insurance statement.
- New Car Discount – Putting auto insurance coverage on a new R8 can save you some money compared to insuring an older model.
- Fewer Miles Equal More Savings – Keeping the miles down on your Audi may enable drivers to earn slightly better prices than normal.
Drivers should understand that most discount credits are not given to the whole policy. A few only apply to the price of certain insurance coverages like comprehensive or collision. Even though it appears you can get free auto insurance, insurance companies wouldn’t stay in business. Any qualifying discounts will reduce the premium cost.
The chart below illustrates the comparison of Audi R8 insurance costs with and without discounts applied to the policy premium. The information is based on a male driver, no accidents or driving violations, Louisiana state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, claim-free, marriage, multi-policy, and safe-driver discounts applied.
Auto insurance companies that may include these benefits include:
When comparing rates, check with each company or agent to apply every possible discount. Some of the earlier mentioned discounts might not apply in your state. If you would like to choose from a list of insurers who offer auto insurance discounts in Louisiana, click here to view.
Audi R8 insurance statistics and information
The coverage table shown below highlights detailed analysis of rate quotes for Audi R8 models. Understanding more about how policy rates are established is important for making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $586 | $1512 | $524 | $32 | $158 | $2,812 | $234 |
| R8 4.2 Quattro | $586 | $1512 | $524 | $32 | $158 | $2,812 | $234 |
| R8 5.2 Quattro 10Cyl | $706 | $1790 | $524 | $32 | $158 | $3,210 | $268 |
| R8 5.2 Quattro 10Cyl | $706 | $1790 | $524 | $32 | $158 | $3,210 | $268 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Estimates do not factor in your specific New Orleans location which can revise insurance rates noticeably.
Choosing deductibles
One frequently asked question is how low should you set your deductibles. The comparisons below can help you understand the costs and benefits when you select higher and lower deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $760 | $1752 | $464 | $28 | $140 | $3,169 | $264 |
| R8 4.2 Quattro | $760 | $1752 | $464 | $28 | $140 | $3,169 | $264 |
| R8 5.2 Quattro 10Cyl | $914 | $2074 | $464 | $28 | $140 | $3,645 | $304 |
| R8 5.2 Quattro 10Cyl | $914 | $2074 | $464 | $28 | $140 | $3,645 | $304 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $422 | $924 | $464 | $28 | $140 | $1,978 | $165 |
| R8 4.2 Quattro | $422 | $924 | $464 | $28 | $140 | $1,978 | $165 |
| R8 5.2 Quattro 10Cyl | $508 | $1092 | $464 | $28 | $140 | $2,232 | $186 |
| R8 5.2 Quattro 10Cyl | $508 | $1092 | $464 | $28 | $140 | $2,232 | $186 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Price estimates do not factor in garaging location in New Orleans which can revise rates greatly.
Based on this data, using a $100 deductible will cost in the ballpark of $108 more each month or $1296 annually across all Audi R8 models than opting for the higher $1,000 deductible. Because you would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 8 months between claim filings, you would probably be better off if you decide on a higher deductible. The table below shows an example of how you can do this calculation yourself.
| Average monthly premium for $100 deductibles: | $284 |
| Average monthly premium for $1,000 deductibles (subtract): | – $176 |
| Monthly savings from raising deductible: | $108 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $108 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 8 months |
One thing to note is that a higher deductible level means you pay more out-of-pocket when you do file a claim. You need some extra funds in order to pay the deductible for vehicle repair.
Car insurance rates are higher with tickets and accidents
The example below illustrates how violations and at-fault collisions can affect Audi R8 insurance rates for different age groups of insureds. The information is based on a single female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
Full coverage rates compared to liability-only
The example below shows the comparison of Audi R8 car insurance rates with and without full coverage. The information is based on no claims, a clean driving record, $100 deductibles, single marital status, and no discounts are taken into consideration.
Should you pay for full coverage?
There isn’t a steadfast formula to stop buying physical damage insurance, but there is a general convention. If the yearly cost for physical damage coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your Audi R8 replacement cost is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $8,000 after the policy deductible has been paid. If you are currently paying more than $800 annually for full coverage, then you might consider buying liability only.
There are a few cases where eliminating full coverage is not recommended. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.
Buying from car insurance agents
Many people prefer to buy from a local agent and that can be a smart move Insurance agents are highly skilled in risk management and help file insurance claims. The biggest benefit of price shopping on the web is the fact that drivers can get cheaper rates and still buy from a local agent.
To make it easy to find an agent, after completing this quick form, your insurance data is instantly submitted to insurance agents in New Orleans who will return price quotes and help you find cheaper coverage. There is no reason to drive around since price quotes are sent to you. If you want to get a comparison quote from one company in particular, don’t hesitate to jump over to their website and give them your coverage information.
Choosing an insurance company requires more thought than just the premium amount. Any agent in New Orleans should have no problem answering these questions:
- Who are their largest clients?
- How are claims handled?
- What insurance company do they write the most business with?
- Are claim adjusters local or do you have to take your car somewhere else?
- How long has their agency been in business in New Orleans?
- Where would glass claims be handled in New Orleans?
- Is the agency active in community causes in New Orleans?
- Are all drivers listed on the coverage quote?
Below is a short list of insurance companies in New Orleans that can give you price quote information for Audi R8 insurance in New Orleans.
Andy Bowden – State Farm Insurance Agent
6325 Elysian Fields Ave a – New Orleans, LA 70122 – (504) 288-2219 – View Map
Mid-City Auto Title and Insurance
3328 Bienville St # A – New Orleans, LA 70119 – (504) 827-1845 – View Map
Integra Insurance in Baton Rouge, Shreveport and New Orleans | Texas and Louisiana Insurance Agents
2750 Lake Villa Dr #305 – Metairie, LA 70002 – (877) 969-3026 – View Map
Ed Buckley – State Farm Insurance Agent
4822 Prytania St – New Orleans, LA 70115 – (504) 891-2886 – View Map
Your car insurance coverage should be tailored to you
When quoting and comparing the right insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s.
Here are some questions about coverages that can help discover whether you might need professional guidance.
- If I use my vehicle for business use is it covered?
- Can I get by with minimal medical coverage if I have good health insurance?
- What is glass protection for?
- What does roadside assistance cover?
- Should I drop comprehensive coverage on older vehicles?
- How can I find cheaper teen driver insurance?
- Should I sign the liability waiver when renting a car?
If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and you can get the answers you need.
Why You Might Pay Higher Rates in New Orleans
Part of the insurance buying process is learning the rating factors that are used to determine your premiums. If you understand what positively or negatively impacts your premiums, this enables you to make decisions that can help you get cheaper rates.
The itemized list below are a few of the things used by companies to determine your rate level.
- Single drivers take more risk – Walking down the aisle may cut your premiums on your insurance bill. Having a significant other means you’re more stable financially and statistics prove drivers who are married are more cautious.
- Avoid insurance policy lapses – Driving without insurance coverage in place is a big no-no and as a result your rates will increase for letting your coverage lapse. Not only will you pay more, not being able to provide proof of insurance can result in a license revocation or jail time. You may then be required to file a SR-22 with the Louisiana motor vehicle department to get your license reinstated.
-
Prices also based on gender – Over the last 50 years, statistics have shown that women are safer drivers than men. However, don’t assume that males are worse at driving than females. Both sexes cause accidents at about the same rate, but the men cause more damage. Men also receive more costly citations such as DWI and reckless driving. Teenage male drivers are the most expensive to insure and thus pay the highest rates.
The information below compares Audi R8 premium costs for male and female drivers. The premiums are based on a clean driving record, no at-fault accidents, comp and collision included, $100 deductibles, single marital status, and no other discounts are factored in.
- Does your employer raise your rates? – Did you know your career choice can influence rates? Occupational choices like judges, air traffic controllers, and stock brokers tend to pay the highest average rates in part from high stress levels and lots of time spent away from family. On the other hand, careers like farmers, athletes and performers have lower than average premiums.
Protect your R8 and other assets
Even though it can be expensive, insuring your vehicle serves several important purposes.
- Just about all states have mandatory liability insurance requirements which means the state requires specific limits of liability insurance coverage if you drive a vehicle. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Audi R8 with a loan, more than likely the lender will make it a condition of the loan that you buy full coverage to guarantee payment of the loan. If coverage lapses or is canceled, the bank may insure your Audi at a significantly higher premium and force you to pay a much higher amount than you were paying before.
- Insurance protects both your assets and your Audi R8. It will also reimburse you for medical expenses incurred in an accident. Liability coverage will also pay attorney fees if someone files suit against you as the result of an accident. If your Audi gets damaged, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance definitely exceed the price paid, especially if you ever need it. The average driver in Louisiana overpays as much as $700 annually so smart consumers compare quotes at every policy renewal to ensure rates are competitive.
Be persistent and save
Affordable Audi R8 insurance in New Orleans is definitely available on the web and with local New Orleans insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance companies may not offer rate quotes online and these smaller providers prefer to sell through independent agencies.
As you restructure your insurance plan, it’s very important that you do not buy less coverage just to save a little money. Too many times, someone dropped comprehensive coverage or liability limits only to discover later that a couple dollars of savings turned into a financial nightmare. Your goal is to purchase plenty of coverage for the lowest cost but still have enough coverage for asset protection.
We just showed you a lot of information how to save on Audi R8 insurance in New Orleans. The key concept to understand is the more rate comparisons you have, the better your comparison will be. You may even discover the biggest savings come from the least-expected company.
Steps to finding better rates for Audi R8 insurance in New Orleans
The recommended way to save money on Audi R8 insurance in New Orleans is to begin comparing prices regularly from insurance carriers that sell auto insurance in Louisiana.
- Try to learn about what coverages are included in your policy and the measures you can control to drop your rates. Many risk factors that result in higher rates such as accidents, traffic tickets, and a substandard credit score can be remedied by making small lifestyle or driving habit changes.
- Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from one company like GEICO and Allstate, while independent agents can quote rates from multiple companies.
- Compare the new rates to your current policy premium to see if a cheaper price is available. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.
- Provide written notification to your current company of your intent to cancel your current coverage and submit the application along with any required down payment for the new policy. Immediately keep the new certificate verifying coverage in your glove compartment.
The key aspect of shopping around is to make sure you’re comparing identical deductibles and limits on each quote and and to get price quotes from every company you can. Doing this enables a fair price comparison and a complete price analysis.
For more information, feel free to visit the following helpful articles:
- Booster Seat Ratings (iihs.org)
- Who Has Cheap Auto Insurance for Nurses in New Orleans? (FAQ)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Safety Belts FAQ (iihs.org)
- Event Data Recorders FAQ (iihs.org)