Finding low cost premium rates on Audi R8 insurance in Madison can seem to be difficult for people new to online comparison shopping. With dozens of online companies, it can easily become a big hassle to find more affordable prices in Wisconsin.
Steps to saving on Audi R8 insurance in Madison
If you want to save money, the best way to get more affordable auto insurance rates in Madison is to annually compare prices from companies who provide auto insurance in Wisconsin. Drivers can shop around by following these guidelines.
Step 1: Spend a few minutes and learn about how companies set rates and the measures you can control to keep rates down. Many factors that drive up the price like distracted driving and bad credit can be eliminated by paying attention to minor details.
Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive or Allstate, while independent agents can provide rate quotes from multiple insurance companies. View rates
Step 3: Compare the new rate quotes to your existing policy and see if you can save money. If you find a lower rate quote, verify that coverage does not lapse between policies.
One important bit of advice is that you’ll want to compare similar limits and deductibles on each quote and and to analyze as many auto insurance providers as possible. Doing this provides a fair rate comparison and the best price selection.
It’s an obvious statement that auto insurance companies don’t want you to look at other companies. Consumers who shop around once a year will probably buy a different policy because there is a good probability of finding more affordable rates. A recent insurance study revealed that drivers who make a habit of shopping around saved an average of $860 a year compared to policyholders who don’t make a habit of comparing rates.
If finding the cheapest rates on auto insurance is the reason you’re here, then learning about the best way to compare insurance coverage can make it easier to shop your coverage around.
It’s a great practice to shop coverage around every six months because insurance prices are variable and change quite frequently. If you had the best rates on Audi R8 insurance in Madison a few years ago a different company probably has better rate quotes today. Forget anything you know (or think you know) about insurance because you’re about to learn the tricks you need to know to find better coverage on Audi R8 insurance in Madison at a better price.
If you have a current auto insurance policy, you will be able to cut your premiums using the concepts you’re about to learn. Quoting and buying the best coverage in Madison is not as difficult as people think. Although Wisconsin car owners can benefit from knowing how the larger insurance companies charge you for coverage because rates are impacted by many factors.
The easiest way to compare car insurance company rates for Audi R8 insurance in Madison utilizes the fact most of the larger companies participate in a system to give free rates quotes. The only thing you need to do is take a few minutes to give details such as driver details, whether you are single or married, distance driven, and types of safety features. The rating information gets transmitted to many different companies and they respond with quotes very quickly.
To check Audi R8 insurance prices now, click here and complete the quick form.
The companies in the list below have been selected to offer free quotes in Madison, WI. To get the best auto insurance in Madison, WI, it’s highly recommended you click on several of them to get the most competitive price.
Insurance does more than just protect your car
Even though it’s not necessarily cheap to insure an Audi in Madison, insurance is most likely required but also gives you several important benefits.
First, almost all states have mandatory insurance requirements which means you are required to carry specific limits of liability insurance if you want to drive legally. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you bought your vehicle with a loan, it’s most likely the lender will have a requirement that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the lender will be forced to insure your Audi at a significantly higher premium and force you to pay the higher price.
Third, insurance safeguards not only your Audi R8 but also your assets. It will also provide coverage for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, will also pay attorney fees if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, your policy will pay all costs to repair after the deductible has been paid.
The benefits of buying insurance more than offset the price you pay, particularly for liability claims. According to a survey of 1,000 drivers, the average driver is overpaying more than $810 a year so compare rates each time the policy renews to ensure rates are inline.
Audi R8 insurance rates and statistics
The information shown next highlights different prices for Audi R8 models. Learning how insurance policy premiums are calculated can be of help when making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $250 | $538 | $236 | $14 | $70 | $1,108 | $92 |
| R8 4.2 Quattro | $250 | $538 | $236 | $14 | $70 | $1,108 | $92 |
| R8 5.2 Quattro 10Cyl | $300 | $638 | $236 | $14 | $70 | $1,258 | $105 |
| R8 5.2 Quattro 10Cyl | $300 | $638 | $236 | $14 | $70 | $1,258 | $105 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can change insurance rates noticeably.
Should you raise deductibles?
One common question asked by Madison drivers is how high should the physical damage coverage deductibles be. The figures shown below may aid in understanding the premium difference when you select higher and lower insurance deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $376 | $866 | $230 | $14 | $68 | $1,579 | $132 |
| R8 4.2 Quattro | $376 | $866 | $230 | $14 | $68 | $1,579 | $132 |
| R8 5.2 Quattro 10Cyl | $452 | $1026 | $230 | $14 | $68 | $1,815 | $151 |
| R8 5.2 Quattro 10Cyl | $452 | $1026 | $230 | $14 | $68 | $1,815 | $151 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $274 | $586 | $230 | $14 | $68 | $1,172 | $98 |
| R8 4.2 Quattro | $274 | $586 | $230 | $14 | $68 | $1,172 | $98 |
| R8 5.2 Quattro 10Cyl | $330 | $694 | $230 | $14 | $68 | $1,336 | $111 |
| R8 5.2 Quattro 10Cyl | $330 | $694 | $230 | $14 | $68 | $1,336 | $111 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rate quotes do not factor in your specific Madison location which can influence rates greatly.
Using the premium rates above, we can conclude that using a $100 deductible will cost you approximately $37 more each month or $444 each year than quoting the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you average at a minimum 11 months between claims, you would probably be better off going with the higher deductible.
How to determine if a higher deductible is a good idea
| Average monthly premium for $100 deductibles: | $142 |
| Average monthly premium for $500 deductibles (subtract): | – $105 |
| Monthly savings from raising deductible: | $37 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $37 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 11 months |
An important thing to remember is that increasing deductibles to save money means you will have to pay more of your own money when you have a claim. That will force you to have enough extra savings in the event you have to pay more to get your vehicle repaired.
Full coverage versus liability only rates
The example below shows the difference between Audi R8 auto insurance rates with full coverage and liability only. The price estimates are based on no claims, a clean driving record, $500 deductibles, single status, and no other discounts are factored in.
Should you pay for full coverage or liability only?
There isn’t a steadfast formula to drop physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.
For example, let’s pretend your Audi R8 claim settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after paying your policy deductible. If you are paying in excess of $300 annually for full coverage, then it may be the right time to buy liability only.
There are a few cases where dropping physical damage coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.
Lower-cost Audi R8 insurance in Madison
Some companies do not advertise every policy discount very well, so here is a list both well-publicized and the harder-to-find discounts that you may qualify for.
- Multiple Vehicles – Buying insurance for primary and secondary vehicles on a single policy qualifies for this discount.
- Passive Restraints – Vehicles with factory air bags or automatic seat belts could see savings of up to 25% or more.
- Discount for Home Ownership – Just being a homeowner can save you money since owning and maintaining a home means you have a higher level of financial diligence.
- Military Deployment Discount – Having a family member in the military could qualify you for better premium rates.
- One Accident Forgiven – This isn’t a discount exactly, but companies like Allstate and Progressive will forgive one accident before raising your premiums if you have no claims prior to being involved in the accident.
Just know that most of the big mark downs will not be given to the entire cost. Most only cut specific coverage prices like collision or personal injury protection. So even though you would think having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.
The example below visualizes the comparison of Audi R8 insurance prices with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no claims or driving citations, Wisconsin state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, homeowner, multi-car, and safe-driver discounts applied.
Insurance companies that possibly offer some of the discounts shown above include:
It’s a good idea to ask every insurance company how many discounts you can get. Some of the discounts discussed earlier might not be offered in Madison. To find providers who offer cheap Audi R8 insurance quotes in Wisconsin, click here to view.
Local agents and insurance
Many drivers still like to sit down with an agent and there is nothing wrong with that. One of the best bonuses of comparing rates online is that you can obtain lower prices and also buy local. And supporting small agencies is important particularly in Madison.
After completing this short form, the quote information is emailed to participating agents in Madison who want to provide quotes for your insurance coverage. There is no need to search for any insurance agencies since price quotes are sent to the email address you provide. Get lower rates without the usual hassles of price shopping. If for some reason you want to compare prices from one company in particular, you just need to find their quoting web page to submit a rate quote request.
If you prefer to buy insurance from a local Madison insurance agency, you need to know there are two different agency structures that you can choose from. Agents are classified as either independent agents or exclusive agents depending on their employer.
Independent Insurance Agents
Independent agencies can quote rates with many companies so they can quote policies with any number of different companies enabling the ability to shop coverage around. If you are not satisfied with one company, your agent can just switch to a different company which requires no work on your part.
If you are trying to find cheaper rates, you should always include independent agents to have the best price comparison. Most also write with different regional companies who may have lower rates.
Below are independent insurance agents in Madison that can possibly get you price quotes.
- Affiliated Insurance-Wisconsin
3830 Atwood Ave – Madison, WI 53714 – (608) 273-3361 – View Map - The Curtis Agency
2929 Atwood Ave – Madison, WI 53704 – (608) 250-2501 – View Map - M3 Insurance
828 John Nolen Dr – Madison, WI 53713 – (608) 273-0655 – View Map
Exclusive Insurance Agents
Agents of this type are contracted to one company such as American Family, State Farm, and AAA. These agents are not able to place coverage with different providers so you might not find the best rates. Exclusive agents are trained well on their company’s products which helps offset the inability to provide other markets. Many people choose to use an exclusive agent primarily because of loyalty to the company instead of buying on price only.
Below is a list of exclusive insurance agents in Madison that are able to give price quote information.
- American Family Insurance – Brad Bodden
3821 Nakoma Rd – Madison, WI 53711 – (608) 231-2453 – View Map - Cheng Vang – State Farm Insurance Agent
2110 N Sherman Ave – Madison, WI 53704 – (608) 661-5700 – View Map - Kevin Lease – State Farm Insurance Agent
7941 Tree Ln #205 – Madison, WI 53717 – (608) 824-9950 – View Map
Finding the right insurance agent should include more criteria than just the bottom line cost. Get answers to these questions too.
- Can you use your own choice of collision repair facility?
- Are there any discounts that you might be missing?
- Which family members are covered?
- Will your rates increase after a single accident?
- Are they able to provide referrals?
- Can they help ensure a fair claim settlement?
If you receive answers to your satisfaction as well as a price you’re happy with, you may have just found an insurance agent that will adequately provide insurance. But keep in mind it’s your coverage and you can cancel your coverage any time you want so never assume you are locked into any particular company for the full policy term.
Do I need special coverages?
When it comes to coverage, there really isn’t a “perfect” insurance plan. Everyone’s situation is a little different and your insurance should unique, too.
For instance, these questions might point out whether you will benefit from professional help.
- Do I get a pro-rated refund if I cancel my policy early?
- Should I have a commercial auto policy?
- Who does medical payments coverage extend to?
- Should I pay a claim out-of-pocket?
- When would I need additional glass coverage?
- Why do I need rental car insurance?
- Am I getting all the discounts available?
- Does my policy pay for OEM or aftermarket parts?
- Do I have any recourse if my insurance company denies a claim?
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance companies in your area.
Best car insurance company in Wisconsin
Insuring your vehicle with a good quality company can be challenging considering how many different companies sell coverage in Madison. The information shown next could help you analyze which providers you want to consider shopping prices with.
Top 10 Madison Car Insurance Companies Overall
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Top 10 Madison Car Insurance Companies Ranked by Customer Service
- State Farm
- Nationwide
- Safeco Insurance
- American Family
- Travelers
- Liberty Mutual
- GEICO
- Allstate
- Erie Insurance
- The Hartford
Cheaper car insurance premiums are possible
In this article, we presented many ways to save on Audi R8 insurance in Madison. The key thing to remember is the more times you quote, the higher your chance of finding affordable Madison car insurance quotes. Consumers may even find the lowest auto insurance rates are with the smaller companies. Smaller companies may often insure only within specific states and give better rates compared to the large companies like GEICO and State Farm.
Lower-priced car insurance in Madison is possible online in addition to many Madison insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some companies do not provide rate quotes online and these regional carriers provide coverage only through independent agencies.
How to quote cheaper Audi R8 insurance in Madison
The best way we recommend to find better pricing on auto insurance rates in Madison is to do a yearly price comparison from companies in Wisconsin. Rate comparisons can be done by completing these steps.
- Read about how your policy works and the things you can change to prevent expensive coverage. Many things that result in higher prices like distracted driving and poor credit history can be eliminated by making minor driving habit or lifestyle changes.
- Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO and State Farm, while agents who are independent can give you price quotes for a wide range of companies. Click to view companies
- Compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you find a better price, make sure coverage is continuous and does not lapse.
- Provide proper notification to your current company of your intent to cancel your current car insurance policy and submit any necessary down payment along with the completed application to your new company or agent. Once the application is submitted, place your new certificate verifying proof of insurance with the vehicle registration.
The critical component of shopping around is to compare the same physical damage deductibles and liability limits on every price quote and and to get price estimates from as many companies as feasibly possible. Doing this ensures an apples-to-apples comparison and the best rate selection.
Helpful resources
- Keeping Children Safe in Crashes Video (iihs.org)
- Who Has Cheap Madison Car Insurance Quotes for Electric Cars? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Homeowners in Madison? (FAQ)
- Who Has the Cheapest Madison Car Insurance for Drivers Under 21? (FAQ)
- Vehicle Size and Weight FAQ (iihs.org)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Bodily Injury Coverage (Liberty Mutual)