Paying low cost rates for Audi A8 insurance in Chicago is always nearly impossible for drivers new to shopping for insurance online. Drivers have so many different companies and agents to choose from that it can quickly become a real challenge to find the best rates.
Unbelievably, over 70% of consumers kept their policy with the same company for more than four years, and 38% of drivers have never compared rates from other carriers. With the average premium in Illinois being $1,500, drivers could pocket about $600 a year by just comparing quotes, but they just don't understand how easy it is to compare rates.
Consumers need to do price comparisons before your next renewal due to the fact that insurance prices fluctuate regularly. Despite the fact that you may have had the best quotes on Audi A8 insurance in Chicago last year there is a good chance you can find better rates now. Block out anything you think you know about car insurance because you're going to learn the proper way to reduce your cost while increasing coverage.
If you have a policy now, you will most likely be able to shop for the lowest rates using the following tips. Comparing rates for more affordable coverage in Chicago is easy if you know what you're doing. Nevertheless, Illinois car owners need to have an understanding of how the larger insurance companies calculate your auto insurance rates and take advantage of how the system works.
When quoting car insurance, remember that comparing more prices increases the chance that you will find the best offered rates.
The following companies have been selected to offer price comparisons in Illinois. If multiple providers are shown, it's highly recommended you visit several of them in order to find the most affordable rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|A8 4.2 Quattro 4-Dr Sedan||$248||$470||$262||$16||$78||$1,074||$90|
|A8 4.2L Quattro 4-Dr Sedan||$378||$642||$342||$20||$102||$1,484||$124|
|Get Your Own Custom Quote Go|
Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rate information does not factor in garaging location in Chicago which can alter coverage prices significantly.
An analysis of deductible level
The information below shows how choosing a deductible and can increase or decrease Audi A8 insurance rates for different ages of insureds. The price estimates are based on a married male driver, full coverage, and no other discounts are factored in.
Auto insurance rates by age and gender
The chart below visualizes the comparison of Audi A8 insurance premiums for male and female drivers. The price estimates are based on no driving violations, no at-fault accidents, full coverage, $250 deductibles, drivers are not married, and no additional discounts are factored in.
Should you buy full coverage?
The illustration below examines Audi A8 auto insurance rates when comparing full coverage to state minimum liability only. The data assumes no violations or claims, $500 deductibles, single female driver, and no discounts are applied to the premium.
When to stop buying physical damage coverage
There is no clear-cut rule to delete physical damage insurance, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let's pretend your Audi A8 book value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,000 after the deductible is paid. If it's costing you more than $800 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some situations where dropping full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not drop full coverage.
Three reasons auto insurance is important
Even though it can be expensive, insuring your vehicle is required for several reasons.
First, almost all states have minimum mandated liability insurance limits which means you are required to carry specific minimum amounts of liability insurance in order to drive the car. In Illinois these limits are 20/40/15 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if you have a lien on your vehicle, almost every bank will make it mandatory that you have physical damage coverage to ensure loan repayment if the vehicle is totalled. If the policy lapses, the bank may insure your Audi at a more expensive rate and require you to fork over the higher premium.
Third, insurance protects both your Audi A8 and your assets. It will also cover many types of medical costs for both you and anyone you injure as the result of an accident. Liability insurance will also pay attorney fees if anyone sues you for causing an accident. If mother nature or an accident damages your car, your policy will pay to repair the damage.
The benefits of carrying enough insurance definitely exceed the price paid, especially when you need to use it. An average driver in America overpays as much as $700 annually so compare quotes from several companies once a year at a minimum to be sure current rates are still competitive.
Discounts can help to save on Audi A8 insurance in Chicago
Car insurance can cost a lot, but there's a good chance there are discounts that could help you make your next renewal payment. Certain discounts will be triggered automatically when you quote, but lesser-known reductions have to be specially asked for before they will apply.
- Federal Employees - Simply working for the federal government could provide a small rate reduction with a few car insurance companies.
- Passive Restraints - Options like air bags or motorized seat belts can get savings of 20 to 30 percent.
- Telematics Devices - People who choose to allow their car insurance company to track where and when they drive by installing a telematics device such as In-Drive from State Farm or Allstate's Drivewise system might see lower rates as long as the data is positive.
- Multiple Policy Discount - When you combine your auto and home insurance with the same company they may give you a discount of as much as 10 to 15 percent.
- Professional Memberships - Being a member of qualifying employment or professional organizations is a simple method to lower premiums on your policy.
- New Car Discount - Buying a new car instead of a used A8 can save you some money compared to insuring an older model.
- Distant Student Discount - Youth drivers living away from Chicago attending college and don't have a car can be insured at a reduced rate.
- No Charge for an Accident - This isn't a discount exactly, but companies like Liberty Mutual and GEICO may permit one accident before raising your premiums as long as you don't have any claims prior to being involved in the accident.
- Low Miles Discount - Low annual miles may enable drivers to earn cheaper rates.
- Student Driver Training - Teen drivers should successfully complete driver's ed class as it will make them better drivers and lower rates.
Please keep in mind that most of the big mark downs will not be given to all coverage premiums. Most only reduce individual premiums such as physical damage coverage or medical payments. Even though it may seem like it's possible to get free car insurance, it's just not the way it works.
If you would like to view insurance companies who offer discounts in Chicago, click this link.
Can't I compare rates from local Chicago insurance agents?
A small number of people would prefer to get professional advice from a licensed agent and that is just fine! One of the great benefits of getting online price quotes is that drivers can save money and get lower prices but still work with a licensed agent.
To find an agent, once you fill out this quick form, your coverage information is transmitted to insurance agents in Chicago that provide free Chicago car insurance quotes and help you find cheaper coverage. It makes it easy because there is no need to contact any insurance agencies because quoted prices will be sent to you instantly. Get lower rates without having to waste a lot of time. If for some reason you want to compare prices from a particular provider, just jump over to their website and fill out their quote form.
Picking an insurance company requires more thought than just the bottom line cost. Here are some questions you should ask.
- Are there any discounts for paying up front?
- When do they do policy reviews?
- Which insurance company do they prefer to write with?
- Are they in the agency full-time?
- Which family members are covered?
- Can you choose the body shop in case repairs are needed?
- Will you work with the agent or an assistant?
If you would like to find a good insurance agency, there are two different types of agents and how they work. Insurance policy providers are either independent agents or exclusive agents.
Exclusive Insurance Agents
Exclusive agents work for only one company and examples are State Farm, AAA, and Liberty Mutual. They generally cannot compare rates from other companies so if the price isn't competitive there isn't much they can do. Exclusive insurance agents are trained well on their products and sales techniques which helps them compete with independent agents. A lot of people buy from the same agent for years primarily because of the prominence of the brand instead of buying on price only.
Shown below is a list of exclusive insurance agencies in Chicago willing to provide price quote information.
- Dwayne Jackson - State Farm Insurance Agent
1345 W Taylor St - Chicago, IL 60607 - (312) 455-0675 - View Map
- Mark Mackey - State Farm Insurance Agent
3338 W Foster Ave - Chicago, IL 60625 - (773) 604-4334 - View Map
- GEICO Insurance Agent
8549 S Cicero Ave - Chicago, IL 60652 - (773) 582-2886 - View Map
Independent Insurance Agents
These type of agents often have many company appointments so they can insure your vehicles amongst many companies and find the cheapest insurance rates. If you want to switch companies, they simply switch companies in-house which requires no work on your part. If you are trying to find cheaper rates, it's a good idea to get several quotes from a couple of independent agencies so that you can do a thorough price comparison. Most independent agents also contract with companies you've never heard of that may have much lower rates than larger companies.
Below is a short list of independent agencies in Chicago that can give you rate quotes.
- Illinois Vehicle Auto Insurance (Xpert)
1858 W 18th St - Chicago, IL 60608 - (312) 226-1033 - View Map
- Urban Insurance Agency
800 W Huron St #301 - Chicago, IL 60642 - (312) 664-8088 - View Map
- Northwest Insurance Network Inc
4450 N Western Ave - Chicago, IL 60625 - (773) 433-3300 - View Map
When should I discuss my situation with an agent?
When choosing a policy for your vehicles, there really is no one size fits all plan. Every insured's situation is different.
For instance, these questions might point out whether your personal situation might need professional guidance.
- Am I covered if I back into my garage door?
- Why am I required to buy liability insurance?
- What is high-risk coverage and where do I buy it?
- Does my insurance cover my expensive audio equipment?
- How long can I keep a teen driver on my policy?
- Why am I required to get a high-risk car insurance policy?
- Should I have a commercial auto policy?
- Is borrowed equipment or tools covered if stolen or damaged?
- When should I remove my kid from my policy?
If it's difficult to answer those questions, you may need to chat with an agent. If you don't have a local agent, simply complete this short form.
Auto insurance coverage specifics
Learning about specific coverages of a auto insurance policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.
Medical expense insurance - Med pay and PIP coverage reimburse you for bills for things like dental work, EMT expenses, rehabilitation expenses, nursing services and chiropractic care. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
Collision coverage - Collision coverage pays for damage to your A8 resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as damaging your car on a curb, sustaining damage from a pot hole, crashing into a building, crashing into a ditch and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also increase the deductible on your A8 to get cheaper collision coverage.
Comprehensive (Other than Collision) - This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.
Comprehensive can pay for things like theft, vandalism and a tree branch falling on your vehicle. The maximum payout you'll receive from a claim is the actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.
Protection from uninsured/underinsured drivers - This coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include hospital bills for your injuries as well as damage to your Audi A8.
Since many Illinois drivers have only the minimum liability required by law (which is 20/40/15), it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.
Liability auto insurance - Liability coverage will cover damage or injury you incur to other's property or people by causing an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 20/40/15 which means a limit of $20,000 per injured person, a per accident bodily injury limit of $40,000, and property damage coverage for $15,000.
Liability can pay for things such as medical expenses, legal defense fees, repair costs for stationary objects and medical services. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible. Illinois state law requires minimum liability limits of 20/40/15 but drivers should carry more liability than the minimum.
Cheap insurance rates are out there
When searching for inexpensive Chicago car insurance quotes, never skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced liability limits or collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The aim is to find the BEST coverage at the best possible price and still be able to protect your assets.
The cheapest Audi A8 insurance in Chicago can be bought online in addition to local insurance agencies, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies may not provide rates over the internet and these regional carriers only sell coverage through independent insurance agents.
In this article, we covered quite a bit of information on how to shop for Audi A8 insurance online. The most important thing to understand is the more you quote Chicago car insurance, the higher your chance of finding affordable Chicago car insurance quotes. Consumers may even find the best price on insurance is with the smaller companies.
To read more, link through to the following helpful articles:
- Older Driver Statistics (Insurance Information Institute)
- Who Has the Cheapest Car Insurance Quotes for Welfare Recipients in Chicago? (FAQ)
- What Car Insurance is Cheapest for State Employees in Chicago? (FAQ)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Distracted Driving Statistics (Insurance Information Institute)