Sad but true, nearly 70% of California drivers kept buying from the same company for a minimum of four years, and just under half have never shopped around. Many drivers in the United States can save nearly 46.5% each year just by comparing rates, but most just don’t grasp the large savings they would see if they bought a different policy.
The best way to find affordable Audi S8 insurance is to start doing an annual price comparison from different companies that insure vehicles in San Jose. Drivers can shop around by following these guidelines.
- Take a few minutes and learn about car insurance and the factors you can control to keep rates down. Many rating criteria that increase rates like multiple speeding tickets and a less-than-favorable credit rating can be rectified by being financially responsible and driving safely. This article gives additional tips to help find cheaper rates and find discounts that may have been missed.
- Request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like Progressive or State Farm, while independent agencies can give you price quotes from multiple companies.
- Compare the quotes to your current policy premium and determine if there is any savings. If you can save some money and switch companies, make sure coverage does not lapse between policies.
The key aspect of shopping around is to make sure you enter identical deductibles and limits on each quote request and and to compare as many companies as possible. Doing this guarantees a fair rate comparison and a complete price analysis.
Quoting and comparing rates for the lowest-priced insurance policy in San Jose is not as hard as you think. If you’re already insured or just want cheaper coverage, use these tips to get lower rates without reducing coverage. Comparison shoppers just need to use how to shop their coverage around from many companies at once.
Educated Choices Result in Lower Insurance Prices
The best way to find cheaper insurance is to take a look at some of the factors that help calculate your insurance rates. If you have a feel for what determines premiums, this empowers consumers to make smart changes that could result in better insurance rates. Multiple criteria are part of the calculation when you quote your car insurance policy. Some are pretty understandable like an MVR report, but some are more transparent such as your credit history or your commute time.
The itemized list below are some of the things used by your company to calculate your prices.
Keep insurance rates low by being claim-free – Auto insurance companies in California give lower rates to people who do not rely on their insurance for small claims. If you tend to file frequent claims, you can look forward to increased rates or even have your policy non-renewed. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
Cars with good safety ratings cost less to insure – Vehicles that have high safety ratings tend to have better insurance rates. The safest vehicles help reduce the chance of injuries in an accident and fewer injuries means less money paid by your insurance company and lower rates for you.
Credit score impacts rates – Having a good credit rating is a big factor in your rate calculation. Drivers with excellent credit scores tend to be less risk to insure than drivers who have bad credit. If your credit rating leaves room for improvement, you could pay less to insure your Audi S8 by improving your credit score.
Cautious drivers pay less – Careful drivers pay lower auto insurance prices than bad drivers. Getting just one chargeable violation may cause rates to rise by twenty percent. Drivers who have license-revoking citations like DWI, reckless driving or hit and run convictions may find that they have to to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to legally drive.
How much liability – Your insurance policy’s liability coverage will afford coverage if ever you are ruled to be at fault for physical damage or personal injury to other. Liability provides you with a defense in court to defend your case. Liability insurance is pretty cheap compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
How old are your drivers? – Teenage drivers in California are statistically shown to be careless and easily distracted when at the wheel of a vehicle and because of this, their insurance rates are much higher. Mature drivers are more cautious drivers, tend to file fewer claims, and are generally more financially stable.
Additional coverages that may be costing you – Policies have extra bells and whistles that can waste your money when buying insurance. Coverages for roadside assistance, high-cost glass coverage, and Farm Bureau memberships are some examples. You may think they are a good idea when you first buy your policy, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.
Audi S8 claim data – Companies factor in historical loss data to help determine the rate you pay. Vehicles that are shown to have increased claim numbers or amounts will cost more to insure. The table below demonstrates the historical loss data for Audi S8 vehicles.
For each type of coverage, the claim amount for all vehicles averaged together equals 100. Values below 100 represent a good loss history, while percentage numbers above 100 indicate frequent claims or a tendency for claims to be larger.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Audi S8 4dr 4WD | 288 | 266 |
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Frequent quotes can save
Drivers leave their current company for a number of reasons such as not issuing a premium refund, policy non-renewal, extreme rates for teen drivers or denial of a claim. Regardless of your reason for switching companies, finding a new car insurance company can be easy and end up saving you some money.
You just read many tips how you can get a better price on Audi S8 insurance in San Jose. The most important thing to understand is the more price quotes you have, the better your comparison will be. You may even find the best prices are with a lesser-known regional company.
Cheaper car insurance in San Jose can be found online and from local insurance agents, so you need to shop San Jose car insurance with both to have the best chance of lowering rates. Some car insurance companies may not have internet price quotes and usually these smaller providers work with local independent agencies.
Other resources
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Who Has the Cheapest Auto Insurance Quotes for Handicapped Drivers in San Jose? (FAQ)
- Who Has Affordable Auto Insurance for Homeowners in San Jose? (FAQ)
- Information for Teen Drivers (GEICO)
- Understanding your Policy (NAIC.org)
- Distracted Driving Extends Beyond Texting (State Farm)
- What are my Rights when Filing a Claim? (Insurance Information Institute)