Do you want to learn how to find the cheapest Audi R8 insurance in Honolulu? Online rate comparisons for cheaper R8 insurance may seem complicated initially if you haven't ever used online insurance quotes. But don't be intimidated because online price shopping is actually quite simple.

Insurance quote for Audi R8 in HonoluluIt's hard to fathom, but over 70% of consumers kept their coverage with the same insurance company for at least four years, and about 40% of consumers have never compared quotes from other companies. U.S. insurance shoppers could save themselves as much as $860 a year by just comparing quotes, but they don't know the amount of money they would save if they replace their high priced policy.

Consumers need to compare prices before your next renewal because insurance prices are variable and change quite frequently. Even if you think you had the best price on Audi R8 insurance in Honolulu a year ago you can probably find a lower rate today. You can find a lot of wrong information about R8 insurance online but in a few minutes you can learn a lot of great tips on how to lower your insurance bill.

Cheaper rates with these seven price cutting discounts

Car insurance is not cheap, but you can get discounts that many people don't even know exist. Some trigger automatically at the time of quoting, but some need to be asked about before they will apply.

As a footnote on discounts, some of the credits will not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like all the discounts add up to a free policy, it doesn't quite work that way. Any amount of discount will positively reduce the amount you pay for coverage.

To view companies that have a full spectrum of discounts in Honolulu, click here.

How to buy Audi R8 insurance online

When comparing insurance rates, know that quoting more will improve the odds of getting more affordable rates.

The companies shown below offer comparison quotes in Hawaii. If several companies are displayed, it's a good idea that you click on several of them in order to get a fair rate comparison.

Audi R8 Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
R8 4.2 Quattro $434 $998 $264 $16 $80 $1,792 $149
R8 4.2 Quattro $288 $620 $272 $16 $82 $1,278 $107
R8 5.2 Quattro 10Cyl $402 $1020 $300 $18 $90 $1,830 $153
R8 5.2 Quattro 10Cyl $402 $980 $248 $14 $74 $1,718 $143
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Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rate quotes do not factor in garaging location in Honolulu which can lower or raise coverage rates greatly.

How high should deductibles be?

The hardest decision when buying coverage is what deductibles to buy. The comparison tables below may help to illustrate the price difference when you select higher and lower physical damage deductibles. The first data set uses a $250 physical damage deductible and the second price table uses a $500 deductible.

Audi R8 insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
R8 4.2 Quattro $388 $836 $264 $16 $80 $1,609 $134
R8 4.2 Quattro $388 $836 $264 $16 $80 $1,609 $134
R8 5.2 Quattro 10Cyl $468 $990 $264 $16 $80 $1,843 $154
R8 5.2 Quattro 10Cyl $468 $990 $264 $16 $80 $1,843 $154
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Audi R8 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
R8 4.2 Quattro $316 $674 $264 $16 $80 $1,350 $113
R8 4.2 Quattro $316 $674 $264 $16 $80 $1,350 $113
R8 5.2 Quattro 10Cyl $380 $798 $264 $16 $80 $1,538 $128
R8 5.2 Quattro 10Cyl $380 $798 $264 $16 $80 $1,538 $128
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Premium costs do not factor in vehicle garaging location which can impact price quotes considerably.

We can derive from the above data that using a $250 deductible will cost you roughly $23 more each month or $276 each year than quoting 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 have more than 11 months between claims, you would come out ahead if you choose a higher deductible.

Cautious drivers save money

The chart below illustrates how violations and accidents raise Audi R8 insurance costs for each different age category. The premiums are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

Insurance agencies near you

Some people still prefer to talk to a local agent. A nice benefit of comparing insurance prices online is you can get the lowest rates but still work with a licensed agent.

Honolulu insurance agentsAfter filling out this form (opens in new window), your information is instantly submitted to local insurance agents who will give competitive quotes for your insurance coverage. You never need to find an agent on your own because prices are sent immediately to you. Get lower rates AND a local agent. In the event you want to get a comparison quote from a specific auto insurance provider, you would need to go to their quote page and complete a quote there.

Finding the right insurer needs to be determined by more than just the bottom line cost. Below are some questions you should ask.

Best car insurance agent in Honolulu

When narrowing the list to find a local insurance agency, it's helpful to know the types of insurance agents and how they work. Agents are considered either independent or exclusive.

Exclusive Insurance Agents

These type of agents generally can only insure with one company such as Allstate, Farmers Insurance or State Farm. These agents are unable to shop your coverage around so if the price isn't competitive there isn't much they can do. Exclusive insurance agents receive a lot of sales training on their products and sales techniques which aids in selling service over price. Some people will only buy from the same agent for years mainly due to the brand name and strong financial ratings.

The following are exclusive agencies in Honolulu that can give you comparison quotes.

More Honolulu agents

Independent Agents

Independent agents are not employed by any specific company so as a result can place your coverage with multiple insurance companies and get you the best rates possible. If your premiums go up, your agent can switch companies and you don't have to switch agencies.

When comparing rate quotes, we highly recommend that you check rates from independent agents to get the most accurate price comparison. Most also have access to additional companies that you may not be familiar with which may provide better rates.

Shown below are independent insurance agents in Honolulu that can give you price quote information.

More Honolulu agents

Auto insurance protects more than just your car

Even though it can be expensive, insurance is most likely required but also gives you several important benefits.

The benefits of insuring your car are without a doubt worth the cost, specifically if you ever have a liability claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $850 per year so you should quote rates each time the policy renews to be sure current rates are still competitive.

Auto insurance coverages

Knowing the specifics of a insurance policy can be of help when determining the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Auto liability insurance

Liability coverage provides protection from damage or injury you incur to other's property or people by causing an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 20/40/10 which means $20,000 in coverage for each person's injuries, $40,000 for the entire accident, and $10,000 of coverage for damaged propery.

Liability coverage protects against claims such as medical expenses, structural damage and court costs. How much coverage you buy is a personal decision, but buy higher limits if possible. Hawaii state minimum liability requirements are 20/40/10 but you should consider buying better liability coverage.

Coverage for collisions

Collision coverage will pay to fix damage to your R8 caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as colliding with a tree, damaging your car on a curb, crashing into a building, colliding with another moving vehicle and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from older vehicles. It's also possible to increase the deductible on your R8 in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle's occupants and also any damage incurred to your Audi R8.

Since a lot of drivers carry very low liability coverage limits (Hawaii limits are 20/40/10), their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills like chiropractic care, dental work, doctor visits and surgery. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Comprehensive coverage

This coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as a broken windshield, rock chips in glass, vandalism, falling objects and hitting a deer. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle's value is low it's not worth carrying full coverage.

Quote. Compare. Save.

People leave their current company for a variety of reasons including an unsatisfactory settlement offer, poor customer service, policy cancellation or even delays in paying claims. No matter why you want to switch, choosing a new company is not as hard as you think.

Lower-priced Audi R8 insurance in Honolulu can be purchased both online in addition to many Honolulu insurance agents, so you need to quote Honolulu auto insurance with both in order to have the best chance of saving money. Some insurance companies do not offer online quoting and most of the time these regional carriers sell through independent agents.

When buying insurance coverage, never sacrifice coverage to reduce premiums. There are many occasions where someone sacrificed comprehensive coverage or liability limits and learned later that the savings was not a smart move. The aim is to find the BEST coverage for the lowest cost while still protecting your assets.

Much more information about insurance in Hawaii can be found at the links below