Car Insurance Quotes for an Audi R8 in Portland

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Insurance rates Audi R8 in PortlandIt's a known fact that car insurance companies don't want you to look at other companies. Insureds who shop around for better prices are likely to switch auto insurance companies because there is a good probability of finding discount prices. A recent survey discovered that drivers who compared rates annually saved approximately $3,450 over four years compared to drivers who never shopped around for lower prices.

If finding the most affordable insurance in Portland is the reason for your visit, then having a grasp of how to shop and compare insurance rates can help you be more efficient.

It takes a little time, but the best way to get discount Audi R8 insurance in Portland is to regularly compare prices from different companies in Oregon. Prices can be compared by completing these steps.

  • Step 1: Take a few minutes and learn about auto insurance and the changes you can make to keep rates in check. Many factors that increase rates like speeding tickets, accidents and a substandard credit history can be eliminated by making minor driving habit or lifestyle changes. This article gives ideas to get affordable coverage and find missing discounts.
  • Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like GEICO or Farmers Insurance, while independent agencies can quote prices from multiple insurance companies. Compare rates
  • Step 3: Compare the new rate quotes to your existing policy to see if you can save by switching companies. If you find a lower rate quote and switch companies, ensure there is no coverage lapse between policies.
  • Step 4: Provide adequate notice to your current company of your intention to cancel your current auto insurance policy. Submit a down payment along with a signed application to the new company. Once coverage is bound, keep the new certificate verifying coverage in a readily accessible location in your vehicle.

One bit of advice is that you use similar coverage information on each quote request and and to get rate quotes from as many different companies as possible. This provides a level playing field and many rates to choose from.

Cheap companies for Audi R8 insurance

The companies shown below can provide comparison quotes in Oregon. If multiple companies are listed, it's highly recommended you visit two to three different companies in order to get a fair rate comparison.

Audi R8 coverage analysis

The data table shown next covers detailed analysis of insurance rates for Audi R8 models. Having a good grasp of how auto insurance prices are formulated helps drivers make decisions when shopping around.

Audi R8 Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
R8 4.2 Quattro $520 $1242 $432 $26 $130 $2,350 $196
R8 4.2 Quattro $520 $1242 $432 $26 $130 $2,350 $196
R8 5.2 Quattro 10Cyl $626 $1470 $432 $26 $130 $2,684 $224
R8 5.2 Quattro 10Cyl $626 $1470 $432 $26 $130 $2,684 $224
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Information does not factor in specific location information which can raise or lower rates greatly.

Choosing deductibles

When shopping for auto insurance, a common question is how high should the physical damage coverage deductibles be. The tables below show the cost difference of buying low and high policy deductibles. The first rate comparisons uses a $250 deductible for comp and collision and the second price table 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 $470 $1010 $320 $18 $96 $1,939 $162
R8 4.2 Quattro $470 $1010 $320 $18 $96 $1,939 $162
R8 5.2 Quattro 10Cyl $564 $1194 $320 $18 $96 $2,217 $185
R8 5.2 Quattro 10Cyl $564 $1194 $320 $18 $96 $2,217 $185
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 $382 $814 $320 $18 $96 $1,630 $136
R8 4.2 Quattro $382 $814 $320 $18 $96 $1,630 $136
R8 5.2 Quattro 10Cyl $460 $964 $320 $18 $96 $1,858 $155
R8 5.2 Quattro 10Cyl $460 $964 $320 $18 $96 $1,858 $155
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate information does not factor in specific garaging location which can increase or decrease premium rates substantially.

We can derive from the above data that using a $250 deductible will cost in the ballpark of $28 more each month or $336 annually than requesting the higher $500 deductible. Because you would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go more than 9 months between claims, you would probably come out ahead if you opt for a higher deductible. Below is the way you can make this decision for your own policy.

Average monthly premium for $250 deductibles: $174
Average monthly premium for $500 deductibles (subtract): - $146
Monthly savings from raising deductible: $28
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 9 months

An important thing to remember is that higher deductibles means you pay more out-of-pocket when you have to file a claim. You need to have some non-essential savings in the event you need to pay the deductible to have repairs made.

Rate comparison of full coverage and liability-only

The chart below visualizes the comparison of Audi R8 insurance premiums with full physical damage coverage compared to only buying liability only. The data is based on no violations or claims, $1,000 deductibles, single marital status, and no other discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no specific rule for dropping physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let's pretend your Audi R8 settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $4,000 after paying your deductible. If you are paying in excess of $400 annually for your policy with full coverage, then you might want to think about dropping full coverage.

There are some scenarios where only buying liability is not advised. If you still have a lienholder on your title, you are required to maintain full coverage to protect the lienholder's interest. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should maintain full coverage.

Learn How to Lower Your Insurance Premiums

Lots of factors are used in the calculation when premium rates are determined. Some are pretty understandable such as your driving record, although some other factors are not quite as obvious like your continuous coverage or how safe your car is.

The factors shown below are a partial list of the pieces companies use to determine premiums.

  • Single vs. married - Getting married helps lower the price on your auto insurance policy. It translates into being more financially stable and insurance companies reward insureds because being married results in fewer claims.
  • Rates for males may be higher - Over time, data shows that females take fewer risks when driving. However, this does not mean males are worse at driving than females. Both genders have fender benders in similar numbers, but guys have costlier accidents. Not only that, but men also receive more major tickets such as reckless driving. Teenage male drivers have the highest risk to insure so it costs more to insure them.

    The information below illustrates the difference between Audi R8 car insurance costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, comp and collision included, $250 deductibles, marital status is single, and no discounts are taken into consideration.

  • Policy lapses lead to higher auto insurance rates - Not maintaining insurance can get your license suspended and companies may charge more for letting your insurance lapse. And not only will your rates increase, not being able to provide proof of insurance could result in a hefty fine and possibly a revoked license.
  • Save money by raising coverage deductibles - Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your Audi. Examples of covered claims would be a dented fender, hail damage, and burglary. Comp and collision deductibles define the amount the insured will be required to pay in the event of a claim. The more expense you have to pay, the bigger discount you will receive.
  • Traffic violations cost more than a fine - Having a single ticket can boost insurance rates by twenty percent. Drivers who don't get tickets receive lower rates than bad drivers. Drivers who have gotten flagrant violations such as hit and run, DWI or reckless driving convictions may find they need to maintain a SR-22 with the DMV in their state in order to legally drive a vehicle.

    The illustration below illustrates how speeding tickets and fender-benders raise Audi R8 premium costs for each age group. The premiums assume a married male driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.

  • File claims and pay more - If you file claims often, you can expect increased rates or even have your policy non-renewed. Car insurance companies in Oregon give the lowest premiums to people who do not file claims often. Auto insurance is intended to be relied upon for more catastrophic claims.
  • Improve your credit rating - Having a bad credit rating is a big factor in determining your rates. So if your credit history could use some work, you could potentially save money when insuring your Audi R8 by spending a little time repairing your credit. Drivers who have good credit tend to be better risks to insure than drivers who have poor credit scores.

Save money on Audi R8 insurance in Portland with these discounts

Insuring your vehicles can cost a lot, but you might be missing out on some discounts that you may not know about. Many of these discounts will be applied automatically at the time you complete a quote, but a few must be inquired about before being credited.Discount car insurance

  • Discount for Home Ownership - Owning a house in Portland can get you a discount because maintaining a house is proof that your finances are in order.
  • Anti-theft Discount - Anti-theft and alarm system equipped vehicles can help prevent theft and therefore earn up to a 10% discount.
  • Driver's Education for Students - Have your child participate in a local driver's education class in school or through a local driver safety program.
  • No Claims - Insureds who avoid accidents and claims pay less compared to drivers who are more careless.
  • Discounts for Seat Belt Usage - Using a seat belt and requiring all passengers to wear their seat belts may be able to save a few bucks on the premium charged for medical payments and/or PIP.
  • Save with a New Car - Buying a new car model is cheaper because newer models are generally safer.
  • Pay Early and Save - If paying your policy premium upfront instead of making monthly payments you can avoid the installment charge.
  • Air Bags and Passive Restraints - Factory options such as air bags or motorized seat belts can get savings up to 30%.

As a sidenote, some of the credits will not apply to the whole policy. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like it's possible to get free car insurance, companies wouldn't make money that way.

The illustration below shows the difference between Audi R8 premium costs with and without discounts applied to the premium. The data is based on a male driver, no tickets, no at-fault accidents, Oregon 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-policy, claim-free, safe-driver, homeowner, marriage, and multi-car discounts applied.

If you would like to view companies that offer discounts in Oregon, click here.

Compare rates but work with a local neighborhood Portland car insurance agent

Many drivers would prefer to visit with an insurance agent and that is not a bad decision Insurance agents are highly skilled in risk management and will help you if you have claims. The biggest benefit of price shopping on the web is the fact that you can find cheaper prices and still have an agent to talk to.

Portland insurance agentsTo help locate an agent, after submitting this form (opens in new window), the coverage information is sent to participating agents in Portland that can give you free Portland car insurance quotes and help you find cheaper coverage. There is no need to contact an agency due to the fact that quote results will go to you. If you have a need to compare prices from one company in particular, you just need to jump over to their website and fill out their quote form.

Deciding on an insurance company is decision based upon more than just a cheap price. The questions below may impact your decision as well.

  • Are there any discounts for paying up front?
  • If you raise deductibles, how much can you save?
  • Is working in the agency their full-time job?
  • Does the agent recommend any additional coverage?
  • Is assistance available after office hours?

Compare rates from both independent and exclusive auto insurance agents

When researching an insurance agent, you need to know there are two different types of agents and how they are slightly different. Car insurance agents can be categorized as either exclusive agents or independent agents. Either one can sell and service car insurance coverage, but it's important to know the subtle differences since it may influence your agent selection.

Exclusive Agencies

Exclusive agents can only write with one company like American Family, State Farm, and AAA. Exclusive agencies are unable to provide prices from multiple companies so it's a take it or leave it situation. Exclusive insurance agents are very knowledgeable on what they offer which helps overcome the inability to quote other rates. Drivers often choose to use a exclusive agent primarily because of the brand and the convenience of having all coverages with one company.

Below are exclusive agencies in Portland who may provide you with comparison quotes.

View more Portland agents

Independent Car Insurance Agents

Independent agents can quote rates with many companies so they can insure your vehicles through many companies and get the cheapest rates. If they quote lower rates, they simply move your policy to a different company and you can keep the same agent.

When comparing car insurance prices, we recommend you get several quotes from a few independent agents in order to have the best price comparison. Many can place coverage with mutual insurance companies that many times have cheaper rates.

Below is a short list of independent insurance agents in Portland who can help you get comparison quotes.

View more Portland agents

Ratings for Oregon auto insurance companies

Picking the top insurance provider is hard considering how many companies sell coverage in Oregon. The ranking information shown below may help you choose which auto insurance companies you want to consider comparing rates from.

Top 10 Portland Car Insurance Companies Overall

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Titan Insurance
  9. Progressive
  10. Mercury Insurance

Top 10 Portland Car Insurance Companies Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. Liberty Mutual
  6. GEICO
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. Mercury Insurance

Do the work, save more money

While you're price shopping online, it's a bad idea to buy poor coverage just to save money. There are too many instances where consumers will sacrifice physical damage coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your goal is to purchase plenty of coverage at an affordable rate.

In this article, we presented a lot of ways to save on Audi R8 insurance in Portland. It's most important to understand that the more rate comparisons you have, the better your chances of lowering your prices. You may even be surprised to find that the biggest savings come from the least-expected company.

Insureds leave their current company for a variety of reasons including lack of trust in their agent, extreme rates for teen drivers, policy non-renewal or questionable increases in premium. It doesn't matter why you want to switch finding the right insurance provider can be less work than you think.

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