It takes a few minutes, but the best way to save on auto insurance rates in Corpus Christi is to start comparing prices yearly from different companies who provide auto insurance in Texas.
- Get an understanding of how insurance works and the modifications you can make to lower rates. Many things that result in higher rates like traffic tickets, fender benders, and a less-than-favorable credit rating can be controlled by improving your driving habits or financial responsibility.
- Compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like Progressive or Farmers Insurance, while independent agencies can provide prices from many different companies. Compare rates
- Compare the price quotes to your existing policy to determine if switching companies saves money. If you find a better price and change companies, make sure there is no coverage gap between policies.
- Provide written notification to your current company of your intention to cancel the current policy and submit a completed policy application and payment to your new company or agent. When you receive it, place your new proof of insurance certificate in your vehicle.
An important part of this process is that you’ll want to compare identical coverage information on each price quote and and to get price estimates from as many auto insurance providers as possible. Doing this helps ensure an accurate price comparison and a thorough price selection.
A recent auto insurance study revealed that almost 70% of insureds kept their policy with the same company for more than four years, and almost half have never even shopped around for cheap coverage. Texas insurance shoppers could save approximately 70% a year just by shopping around, but they don’t believe how much savings they would realize if they replace their high priced policy.
Save Money with These Tips
Many factors are taken into consideration when you get a price on insurance. Most are fairly basic such as traffic violations, but others are not quite as obvious like your continuous coverage or how safe your car is.
Cheaper premiums for being claim-free – If you tend to file frequent claims, you can look forward to higher rates. Auto insurance companies in Texas generally give discounts to drivers who do not file claims often. Your insurance policy is intended for larger claims.
Bump up physical damage deductibles to lower rates – Physical damage deductibles state the amount of money you are required to spend before a claim is paid by your company. Insurance for physical damage to your car, also known as collision and other-than-collision, is used to repair damage to your car. A few examples of covered claims are colliding with a stationary object, damage caused by hail, and damage caused by road hazards. The more you pay before a claim is paid (deductible), the bigger discount you will receive.
Prevent car insurance lapses – Driving without insurance can get your license suspended and you may have a hard time finding new coverage because you let your insurance lapse. In addition to paying higher rates, getting caught without coverage might get you a hefty fine and possibly a revoked license.
Bundle policies to earn discounts – The majority of insurers provide lower prices to insureds that have more than one policy, otherwise known as a multi-policy discount. Discounts can add up to as much as ten percent or more Even with this discount applied, it’s still a good idea to compare Audi A8 rates in Corpus Christi to guarantee you are still saving the most.
Audi A8 claim probability – Insurance companies analyze historical claim data to help calculate a profitable premium rate. Models that the data determines to have a trend towards higher claims will have higher rates. The table below outlines the historical loss data for Audi A8 vehicles.
For each policy coverage, the loss probability for all vehicles averaged together is equal to 100. Values under 100 suggest a better than average loss history, while values over 100 point to more frequent losses or an increased chance of a larger loss.
| Vehicle Make and 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 |
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Statistics from IIHS.org for 2013-2015 Model Years
Detailed insurance information
The premium table shown next outlines a range of insurance prices for Audi A8 models. Learning how premiums are determined helps drivers make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| A8 4.2 Quattro 4-Dr Sedan | $276 | $534 | $382 | $22 | $114 | $1,328 | $111 |
| A8 4.2L Quattro 4-Dr Sedan | $298 | $590 | $382 | $22 | $114 | $1,406 | $117 |
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Premium costs do not factor in specific location which can lower or raise coverage rates considerably.
Higher deductibles lower rates
When buying car insurance, a common question is what deductibles to buy. The following tables can help illustrate the differences in premium rates between high and low physical damage deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second rate table uses a $500 deductible.
| 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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| 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 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Information does not factor in specific location information which can increase or decrease insurance rates significantly.
Based on the figures above, using a $250 deductible will cost you approximately $24 more each month or $288 for a full year than requesting the higher $500 deductible. Due to the fact that you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at least 10 months between claim filings, you would come out ahead if you elect the higher deductible. The numbers below show a better example of how you can do this calculation yourself.
| 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 |
The illustration below shows how different deductible levels and can impact Audi A8 annual premium costs for each age group. Data assumes a single male driver, full coverage, and no discounts are applied to the premium.
Insurance rate increases from tickets or accidents
The information below demonstrates how citations and accident claims can raise Audi A8 insurance premiums for different ages of insureds. The premium estimates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.
Comparison of car insurance rates by gender
The diagram below visualizes the comparison of Audi A8 insurance premiums for male and female drivers. The information is based on no claims or violations, full physical damage coverage, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
Cost comparison with and without full coverage
The chart below visualizes the comparison of Audi A8 premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on no violations or claims, $250 deductibles, drivers are single, and no discounts are taken into consideration.
Should you pay for full coverage or liability only?
There is no set rule of when to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s say your Audi A8 replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after paying your policy deductible. If you are paying in excess of $200 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are a few situations where eliminating full coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage.
Check for these price cutting discounts
Insuring your fleet can be pricey, but there could be significant discounts to help offset the cost. Many of these discounts will be applied automatically when you quote, but some may not be applied and must be asked for prior to getting the savings. If you are not receiving all the discounts possible, you are not getting the best rate possible.
- Accident-Free Discounts – Corpus Christi drivers who stay claim-free have much lower rates when compared with accident-prone drivers.
- Driver’s Ed – It’s a good idea to have your young drivers enroll in driver’s education if offered at their school.
- New Vehicle Savings – Buying a new car model may earn a small discount compared to insuring an older model.
- Senior Citizen Discount – If you’re over the age of 55, you may receive a discount up to 10%.
- Defensive Driver – Completing a course teaching driver safety skills can save you 5% or more depending on where you live.
- Good Grades Discount – Performing well in school can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up until you turn 25.
- Distant College Student Discount – College-age children who are attending college without a vehicle on campus may qualify for this discount.
- ABS Brakes – Vehicles with anti-lock braking systems have fewer accidents and the ABS can save up to 10%.
- Accident Waiver – This isn’t a discount exactly, but some companies like Progressive, Allstate, and Liberty Mutual will allow you to have one accident without getting socked with a rate hike if you are claim-free for a particular time prior to the accident.
Discounts reduce rates, but you should keep in mind that most discount credits are not given to the whole policy. Most only apply to individual premiums such as comp or med pay. So even though you would think it’s possible to get free car insurance, car insurance companies aren’t that generous.
The chart below illustrates the comparison of Audi A8 insurance premiums with and without discounts applied to the policy premium. The premiums are based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, marriage, claim-free, multi-policy, and multi-car discounts applied.
To locate providers that have a full spectrum of discounts in Texas, click here to view.
You can find cheap coverage
Some insurance companies may not provide price quotes online and usually these small insurance companies only sell through independent agents. More affordable insurance in Corpus Christi is available online in addition to local insurance agencies, and you need to comparison shop both in order to have the best chance of saving money.
When trying to cut insurance costs, it’s very important that you do not buy poor coverage just to save money. There are too many instances where drivers have reduced comprehensive coverage or liability limits and found out when filing a claim they didn’t purchase enough coverage. Your objective should be to buy a smart amount of coverage for the lowest cost while still protecting your assets.
Throughout this article, we presented some good ideas how to compare Audi A8 insurance prices in Corpus Christi. The key concept to understand is the more rate comparisons you have, the better chance you’ll have of finding inexpensive Corpus Christi auto insurance quotes. You may even discover the most savings is with the least-expected company. Some small companies can often provide lower rates in certain areas than the large multi-state companies such as Allstate and Progressive.
Additional detailed information can be read in these articles:
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Who Has Affordable Car Insurance Quotes for a Chevrolet Equinox in Corpus Christi? (FAQ)
- Who Has Affordable Car Insurance Rates for Drivers with Accidents in Corpus Christi? (FAQ)
- How Much are Corpus Christi Car Insurance Rates for a Toyota RAV4? (FAQ)
- How Much is Car Insurance for Veterans in Corpus Christi? (FAQ)
- Avoiding Deer Collisions (Insurance Information Institute)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Tread Depth and Tire Safety (State Farm)
- Determining Auto Insurance Rates (GEICO)