Expensive auto insurance in Baltimore can take a big chunk out of your checking account and force you to prioritize other expenses. Comparing cost estimates can lower your rates and help to reduce premiums and put more money in your pocket.
It's hard to believe, but nearly 70% of drivers have stayed with the same insurance company for a minimum of four years, and nearly 40% of drivers have never compared auto insurance rates at all. Many consumers in Baltimore could pocket approximately 55% a year just by getting comparison quotes, but they don't invest the time required to go online and compare rates.
Many car insurance companies vie for your insurance dollar, and because of this it can be hard to compare insurance companies to find the absolute cheapest price on Audi A8 insurance in Baltimore.
You need to check auto insurance prices quite often because prices are rarely the same from one policy term to another. Just because you found the lowest rate on Audi A8 insurance in Baltimore two years ago you may be paying too much now. There is a lot of bad advice regarding A8 insurance out there, but in just a couple of minutes you can learn some good information on how to buy auto insurance cheaper in Baltimore.
Best companies for Audi A8 insurance
The companies shown below are ready to provide price comparisons in Baltimore, MD. If multiple companies are shown, we recommend you click on several of them to find the most competitive auto insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|A8 4.2 Quattro 4-Dr Sedan||$604||$1082||$532||$32||$160||$2,410||$201|
|A8 4.2L Quattro 4-Dr Sedan||$274||$648||$458||$28||$138||$1,546||$129|
|Get Your Own Custom Quote Go|
Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Estimates do not factor in specific zip code location which can influence price quotes greatly.
Full coverage versus liability-only in Baltimore
The diagram below examines Audi A8 car insurance rates with and without full coverage. The information is based on no accidents, no driving violations, $100 deductibles, married female driver, and no additional discounts are factored in.
Guidelines for dropping full coverage
There is no definitive formula that works best for making the decision to drop full coverage, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.
For example, let's assume your Audi A8 settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $7,000 after the deductible is paid. If it's costing in excess of $700 a year to have full coverage, then it might be time to buy liability only.
There are some scenarios where dropping full coverage is not advised. If you still have a loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should not consider dropping full coverage.
Auto insurance rates by gender and age
The example below illustrates the difference between Audi A8 insurance premiums for male and female drivers. The premiums assume no claims or violations, full physical damage coverage, $500 deductibles, marital status is single, and no policy discounts are applied.
Informed Consumers Know How to Buy Car Insurance for Less
The best way to find cheaper car insurance is to take a look at some of the factors that come into play when calculating the price you pay for car insurance. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that may reward you with much lower annual insurance costs. Multiple criteria are part of the equation when you get your auto insurance bill. Some are obvious such as traffic violations, although others are less obvious like your vehicle usage or how safe your car is.
Improve your credit rating and save - An insured's credit history is a big factor in calculating your premium rate. If your credit history is not that good, you may save money insuring your Audi A8 by improving your rating. People that have high credit ratings tend to be better drivers and file fewer claims than drivers who have lower credit scores.
Liability coverage - The liability section of your policy is the coverage that protects you when you are ruled to be at fault for causing damage or personal injury in an accident. Liability insurance provides legal defense coverage starting from day one. It is affordable coverage when compared to the cost of physical damage coverage, so buy as much as you can afford.
Lower rates with a multi-policy discount - Most larger insurance companies apply lower prices to insureds who consolidate policies with them. It's known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even if you're getting this discount it's in your best interest to compare Audi A8 rates in Baltimore to make sure you are getting the best deal. Drivers may still save even more by buying car insurance from a different company.
Drive lots and pay more - The higher the mileage driven annually the more it will cost to insure it. A lot of companies rate vehicles partially by how you use the vehicle. Cars not used for work or commuting cost less to insure as compared to vehicles used primarily for driving to work. It's always a good idea to double check that your declarations sheet correctly shows the correct usage for each vehicle. An improperly rated A8 may be costing you.
Do you work long hours in a high stress job? - Do you work in a high-stress field? Occupations like real estate brokers, air traffic controllers, and dentists generally pay higher average rates attributed to job stress and incredibly demanding work hours. On the other hand, jobs like scientists, engineers and the unemployed have the lowest average rates.
High performance equals high premiums - The make and model of the car you are insuring makes a huge difference in your premium level. Since the Audi A8 is a luxury sedan, insuring your vehicle will cost more when compared to the average rates in Baltimore. Lower performance four cylinder passenger models receive the most favorable rates, but other factors influence the final cost greatly.
Cheaper car insurance rates for prior coverage - Allowing your coverage to lapse is a quick way to bump up your car insurance costs. And not only will your rates increase, being ticketed for driving with no insurance can result in a fine, jail time, or a revoked license. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Maryland DMV.
Prices are affected by your address - Residing in areas with lower population is a positive aspect when it comes to car insurance. Residents of big cities tend to have much more traffic and much longer commute distances. Fewer drivers on the road means less chance of accidents in addition to lower liability claims
Audi A8 claim statistics - Insurers include the past claim history for a vehicle to help determine the rate you pay. Models that the data determines to have increased claim numbers or amounts will have higher rates. The table below outlines the actual insurance loss data for Audi A8 vehicles.
For each policy coverage type, the claim probability for all vehicles, as a total average, is considered to be 100. Values under 100 suggest a positive loss record, while values over 100 indicate higher probability of having a loss or statistically larger losses.
Audi A8 Insurance Claim Statistics
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Audi A8 4dr 4WD||289||108||261|
|Audi A8L 4dr 4WD||300||88||279||62|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Get discounts on Baltimore auto insurance
Insurance can cost an arm and a leg, but there could be significant discounts that many consumers don't even know exist. Certain reductions will be credited at quote time, but some must be inquired about prior to getting the savings. If you aren't receiving every discount you qualify for, you are throwing money away.
- Policy Bundle Discount - If you insure your home and vehicles and insure them both with the same insurance company you may save approximately 10% to 15%.
- Life Insurance Discount - Not all insurance carriers offer life insurance, but some may give you better prices if you take out a life insurance policy as well.
- Save with More Vehicles Insured - Purchasing coverage when you have primary and secondary vehicles on a single policy could earn a price break for each car.
- Switch and Save Discount - A few insurance companies offer discounts for buying a new policy before your current coverage expires. Ten percent is about the average savings.
- Professional Organizations - Belonging to specific professional or occupational memberships or organizations can get you a small discount on your next auto insurance statement.
- Waiver for an Accident - This isn't a discount exactly, but some companies like Progressive, Allstate, and GEICO will forgive one accident without raising rates if your claims history is clear for a certain period of time.
- No Claim Discounts - Insureds with no claims or accidents can earn big discounts when compared with policyholders that have many claims.
Just know that some credits don't apply to the entire cost. Most only apply to the cost of specific coverages such as collision or personal injury protection. So even though it sounds like you would end up receiving a 100% discount, it doesn't quite work that way.
Auto insurance companies that have most of these discounts include:
If you want the cheapest Audi A8 rate quotes, ask all the companies to give you their best rates. Some of the earlier mentioned discounts might not be offered in your area. To choose auto insurance companies offering auto insurance discounts in Maryland, click here.
Insurance agent or online?
A lot of people still prefer to sit down with an agent and that can be a great decision A nice benefit of comparing rate quotes online is you can get cheap insurance quotes but still work with a licensed agent. Supporting small agencies is definitely important in Baltimore.
To help locate an agent, after submitting this simple form, your information is submitted to agents in your area who want to provide quotes to get your business. You never need to search for any insurance agencies because prices are sent directly to your email. Get lower rates and an insurance agent to talk to. In the event you want to compare rates from a specific company, don't hesitate to navigate to their website and submit a quote form there.
Shown below is a short list of car insurance companies in Baltimore that can give you rate quotes for Audi A8 insurance in Baltimore.
Picking an insurance company shouldn't rely on just the premium amount. Get answers to these questions too.
- Do they have designations such as AIC, CPCU, or CIC?
- How much experience to they have in personal lines coverages?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Will they give you a referral list?
- How are claims handled?
- Can you use your own choice of collision repair facility?
- Is coverage determined by price?
- Do they feel the quoted coverages are adequate?
As you quote Baltimore auto insurance, you should never buy poor coverage just to save money. In too many instances, an insured cut liability limits or collision coverage and found out when filing a claim that the small savings ended up costing them much more. Your goal is to find the BEST coverage at the best possible price, not the least amount of coverage.
We've covered many ideas to compare Audi A8 insurance rates in Baltimore. The key thing to remember is the more quotes you get, the better your chances of lowering your car insurance rates. You may even find the best price on auto insurance is with the smaller companies. Some small companies may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.
There are still a few companies who may not have the ability to get quotes online and most of the time these small, regional companies work with independent agents. Low-cost Audi A8 insurance in Baltimore can be found both online as well as from independent agents in Baltimore, so you should compare both to get a complete price analysis.
Additional auto insurance information can be read at the links below