Audi A8 Insurance Quotes in Lubbock

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Insurance for Audi A8Do you want a faster way to compare more competitive Audi A8 insurance in Lubbock? Locating cheaper insurance for an Audi A8 in Texas can be a painful process, but you can learn a few tricks to find lower rates. There are more efficient ways to find insurance online so you're going to learn the proper way to quote coverages for a new or used Audi and obtain the best price possible from both online companies and Lubbock agents.

It's a great practice to do price comparisons yearly since rates are rarely the same from one policy term to another. Just because you found the lowest rate on Audi A8 insurance in Lubbock a year ago there may be better deals available now. There is a lot of bad advice regarding A8 insurance on the internet, but I'm going to show you a lot of great tips on how to put money back in your pocket.

If you already have coverage or just want to reduce your rates, take advantage of these tips to reduce premiums while maintaining coverages. Finding quotes for the lowest-priced car insurance coverage in Lubbock is not that difficult. Drivers just have to know the fastest way to compare price quotes from many different companies.

Getting a cheaper price on insurance can be surprisingly simple. All you need to do is take a couple of minutes to compare rate quotes to find the company with affordable Audi A8 insurance quotes.

The providers in the list below provide free rate quotes in Texas. To locate cheaper auto insurance in Texas, we recommend you click on several of them in order to find the most competitive rates.

Here's why auto insurance is not optional

Despite the fact that auto insurance is not cheap in Lubbock, insurance may not be optional for several reasons.

First, almost all states have mandatory insurance requirements which means the state requires a minimum amount of liability insurance coverage in order to get the vehicle licensed. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your vehicle has a lienholder, it's most likely the lender will require that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the bank will be required to insure your Audi at an extremely high rate and force you to pay for the expensive policy.

Third, insurance protects not only your Audi but also your financial assets. It also can pay for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if anyone sues you for causing an accident. If you have damage to your Audi as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.

The benefits of carrying enough insurance definitely exceed the cost, particularly if you ever have a claim. On average, a vehicle owner in Lubbock is overpaying more than $750 every year so you should quote your policy with other companies at every renewal to help ensure money is not being wasted.

Rates and other information

The premium information shown below highlights estimates of insurance policy prices for Audi A8 models. Understanding more about how premiums are calculated is important for you to make smart choices when purchasing an insurance policy.

Audi A8 Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A8 4.2 Quattro 4-Dr Sedan $348 $774 $496 $30 $148 $1,796 $150
A8 4.2L Quattro 4-Dr Sedan $378 $856 $496 $30 $148 $1,908 $159
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Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate information does not factor in Lubbock location which can raise or lower rates considerably.

Deductible comparison

A question often asked by Lubbock drivers is where should you set your physical damage deductibles. The figures shown below can help you visualize the costs and benefits when you buy lower versus higher coverage deductibles. The first data table uses a $250 deductible for comp and collision and the second price grid uses a $500 deductible.

Audi A8 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A8 4.2 Quattro 4-Dr Sedan $446 $850 $382 $22 $114 $1,839 $153
A8 4.2L Quattro 4-Dr Sedan $484 $938 $382 $22 $114 $1,965 $164
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Audi A8 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
A8 4.2 Quattro 4-Dr Sedan $362 $686 $382 $22 $114 $1,566 $131
A8 4.2L Quattro 4-Dr Sedan $394 $756 $382 $22 $114 $1,668 $139
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rates do not factor in Lubbock location which can increase or decrease prices noticeably.

Based on these figures, using a $250 deductible will cost you approximately $24 more each month or $288 annually than selecting the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 10 months between claim filings, you would come out ahead if you choose a higher deductible. The table below illustrates the way this calculation is made.

Average monthly premium for $250 deductibles: $159
Average monthly premium for $500 deductibles (subtract): - $135
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 thing to note is that increasing deductibles to save money means you pay more out-of-pocket when you do file a claim. That will force you to have some savings in the bank in the event you have to pay the deductible to have repairs made.

The example below shows how different deductible levels and can impact Audi A8 insurance costs for different age groups. The information is based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

Tickets and at-fault accidents raise rates

The illustration below illustrates how traffic citations and accidents can raise Audi A8 annual premium costs for different insured age categories. The rate quotes are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

Audi A8 liability rates compared to full coverage

The information below shows the difference between Audi A8 insurance costs when comparing full coverage to state minimum liability only. The premiums are based on a clean driving record, no at-fault accidents, $500 deductibles, drivers are not married, and no other discounts are factored in.

Should you pay for full coverage?

There is no clear-cut rule to stop paying for comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than 10% of the vehicle's replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let's pretend your Audi A8 book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after paying the physical damage deductible. If you are paying more than $300 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are a few cases where eliminating full coverage is not in your best interest. If you haven't satisfied your loan, you must maintain physical damage coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Discounts can help save money on Audi A8 insurance in Lubbock

Auto insurance companies don't always list every policy discount very clearly, so the below list has some of the best known as well as some of the hidden ways to save on car insurance.Car insurance discounts

  • Early Renewal Discounts - Some insurance companies give discounts for switching to them before your current coverage expires. Ten percent is about the average savings.
  • Life Insurance - If the company offers life insurance, you could get a small discount if you purchase a life insurance policy as well.
  • Low Mileage - Maintaining low annual mileage can earn discounted rates on garaged vehicles.
  • Military Deployment Discount - Having a family member in the military may qualify for rate reductions.
  • Government Employee Discount - Having worked for a branch of the government could provide a small rate reduction with select insurance companies.

Remember that most credits do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, you won't be that lucky.

The illustration below shows the comparison of Audi A8 premium costs with and without discounts applied to the premium. The rate quotes are based on a male driver, a clean driving record, no claims, Texas state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, multi-policy, marriage, homeowner, and safe-driver discounts applied.

A partial list of companies that may offer policyholders most of these discounts include:

Double check with each company or agent which discounts can lower your rates. Some discounts listed above may not apply in Lubbock. To find insurance companies who offer online Audi A8 insurance quotes in Texas, follow this link.