Really, the only way to find cheaper prices for auto insurance rates is to start doing an annual price comparison from companies in El Paso. Price quotes can be compared by completing these steps.
First, read and learn about what is in your policy and the factors you can control to drop your rates. Many factors that result in higher prices such as getting speeding tickets and poor credit can be improved by making minor changes to your lifestyle.
Second, compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes from many different companies. View a list of agents
Third, compare the new rate quotes to the premium of your current policy and see if there is a cheaper rate in El Paso. If you find a lower rate and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide notification to your current agent or company to cancel your current car insurance policy. Submit the application along with any required down payment to the newly selected company. Once the application is submitted, put the new certificate verifying coverage with your vehicle’s registration.
A crucial key to this process is that you’ll want to compare similar deductibles and liability limits on each quote and and to get quotes from as many carriers as you can. This provides an accurate price comparison and the best price selection.
Unthinkable but true, the vast majority of consumers in Texas kept their coverage with the same insurance company for a minimum of four years, and approximately 40% of consumers have never quoted rates to find affordable coverage. Consumers in the United States can cut their rates by as much as $850 a year by just comparing rate quotes, but most tend to underestimate how much money they would save if they switched to a cheaper policy.
Quoting and comparing rates for the best policy in El Paso is not as time-consuming as you think. Virtually anyone who is looking for a better price on car insurance will more than likely find a lower-cost policy. Although Texas car owners need to learn how big insurance companies determine how much to charge and apply this information to your search.
Just keep in mind that quoting more helps increase your odds of locating lower pricing. Some insurance companies are not set up to provide online rate quotes, so it’s important to also get price quotes from them as well.
The companies shown below are ready to provide free quotes in El Paso, TX. If more than one company is shown, we recommend you visit several of them in order to find the most competitive rates.
Audi R8 insurance discounts in El Paso
Insurance can cost an arm and a leg, but companies offer discounts that can dramatically reduce your bill. Certain reductions will be credited at the time of purchase, but some discounts are required to be asked about before being credited.
- Military Rewards – Having a deployed family member could trigger a small discount.
- Pay Early and Save – By paying your entire bill at once as opposed to paying monthly you can avoid monthly service charges.
- Auto/Home Discount – If you have multiple policies and insure them both with the same insurance company you may earn approximately 10% to 15%.
- College Student – Any of your kids who are enrolled in higher education away from home and do not take a car to college may be insured at a cheaper rate.
- No Accidents – Insureds with no claims or accidents pay much less when compared with bad drivers.
Discounts save money, but please remember that most discounts do not apply to the entire cost. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like all the discounts add up to a free policy, nobody gets a free ride.
The chart below shows the difference between Audi R8 car insurance rates with and without discounts applied to the rates. The costs are based on a female driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, safe-driver, homeowner, and multi-policy discounts applied.
Companies that may have some of the above discounts include:
Before you buy a policy, ask each insurance company the best way to save money. Some credits might not be offered in El Paso.
Coverage analysis
The table displayed below highlights different rate quotes for Audi R8 models. Having knowledge of how policy premiums are established can help customers make decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| R8 4.2 Quattro | $506 | $1194 | $514 | $30 | $154 | $2,398 | $200 |
| R8 4.2 Quattro | $506 | $1194 | $514 | $30 | $154 | $2,398 | $200 |
| R8 5.2 Quattro 10Cyl | $608 | $1414 | $514 | $30 | $154 | $2,720 | $227 |
| R8 5.2 Quattro 10Cyl | $608 | $1414 | $514 | $30 | $154 | $2,720 | $227 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Information does not factor in zip code location which can impact auto insurance rates noticeably.
Difference between full coverage and liability only rates
The example below compares Audi R8 auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Texas. Data assumes a clean driving record, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are applied.
Should you pay for full coverage or liability only?
There isn’t a steadfast formula of when to drop comp and collision coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Audi R8 replacement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $5,000 after the deductible is paid. If you are paying more than $500 annually for physical damage coverage, then you might want to think about dropping full coverage.
There are some cases where dropping physical damage coverage is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not drop full coverage.
How Insurance Providers Determine Audi R8 Insurance Premiums
Multiple criteria are part of the calculation when pricing auto insurance. Most are fairly basic like your driving record, but other factors are more transparent like where you live or your vehicle rating.
Cars with good safety ratings cost less to insure – Vehicles with high crash test scores are cheaper to insure. Vehicles built for safety protect occupants better and any reduction in injury severity translates directly to fewer claims which can mean better rates for you.
Liability preserves assets – Liability coverage will provide protection in the event that a court rules you are at fault for causing damage or personal injury in an accident. Liability insurance provides legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to other policy coverages, so buy as much as you can afford.
Don’t get traffic citations – A bad driving record impacts your car insurance rates tremendously. Drivers who don’t get tickets get better rates compared to drivers with tickets. Only having one speeding ticket can increase rates by as much as thirty percent. Drivers who get severe citations like hit and run, DWI or reckless driving convictions may find that they have to to file a SR-22 with their state in order to keep their license.
The diagram below shows how speeding tickets and at-fault accidents influence Audi R8 premium costs for different age groups. The information is based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.
Teenagers are high risk – Older people are more cautious drivers, are lower risk to insure, and are safer drivers. Youthful drivers are statistically proven to be more careless when driving so they pay higher auto insurance rates.
The chart below uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Costs impacted by vehicle usage – The more miles you rack up on your Audi annually the more it will cost to insure it. Almost all companies charge rates based upon how you use the vehicle. Cars that do not get driven very much receive better premium rates than vehicles that are driven to work every day. Verify your vehicle rating properly reflects the correct usage, because it can save money. An improperly rated R8 is throwing money out the window.
Where you live – Having an address in less populated areas of the country can save you money when trying to find low car insurance rates. People who live in big cities have more road rage incidents and more severe claims. Fewer people translates into fewer accident claims as well as less vandalism and auto theft.
Auto insurance agents near you
Some consumers would prefer to buy from a licensed agent. One of the best bonuses of comparing insurance prices online is you can get lower car insurance rates and still buy from a local agent. And providing support for local agencies is definitely important in El Paso.
To make it easy to find an agent, after completing this form (opens in new window), the coverage information is transmitted to participating agents in El Paso who will give competitive quotes and help you find cheaper coverage. It’s much easier because you don’t need to contact any agents since price quotes are sent directly to you. You can find better rates without a big time investment. If you want to get a comparison quote from one company in particular, you just need to go to their quote page and give them your coverage information.
If you need to find a local El Paso insurance agent, it’s important to understand the types of insurance agents and how they work. Insurance agencies in El Paso are categorized either independent or exclusive depending on the company they work for.
Independent Insurance Agents
Agents in the independent channel can quote rates with many companies so they can quote policies with a variety of different insurance companies and potentially find a lower price. If they find a lower price, the business is moved internally without you having to go to a different agency.
When shopping rates, you will definitely want to get some free quotes from several independent insurance agents to ensure the widest selection of prices.
Listed below are El Paso independent agents who may provide pricing information.
RedRock Insurance Agency
1029 N Zaragoza Rd A – El Paso, TX 79907 – (915) 858-1400 – View Map
Pan American Insurance
7399 Alameda Ave – El Paso, TX 79915 – (915) 772-9000 – View Map
Omega Insurance Agency
1580 George Dieter Dr #303 – El Paso, TX 79936 – (915) 856-6700 – View Map
Exclusive Insurance Agents
Agents that choose to be exclusive normally can only provide a single company’s rates and some examples include Farmers Insurance or State Farm. They usually cannot provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. These agents are well schooled in insurance sales which helps them compete with independent agents.
Listed below are El Paso exclusive insurance agencies willing to provide price quotes.
Allstate Insurance: John Choi
8500 Dyer St Ste 7 – El Paso, TX 79904 – (915) 755-2201 – View Map
Elizabeth Lopez – State Farm Insurance Agent
3010 Saul Kleinfeld Dr Ste E – El Paso, TX 79936 – (915) 921-9800 – View Map
Mike Gonzalez – State Farm Insurance Agent
5360 N Mesa St #18 – El Paso, TX 79912 – (915) 581-8939 – View Map
Finding the right auto insurance agent needs to be determined by more than just a cheap price. The answers to these questions are important, too.
- Does the agent help file claims?
- How long have they worked with personal auto insurance coverage?
- Do the agents have professional certifications like CPCU or CIC?
- How much can you save by raising your physical damage deductibles?
- Do they receive special compensation for putting your coverage with one company over another?
When to get professional advice
When buying adequate coverage, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s so your insurance should reflect that
Here are some questions about coverages that might point out if your situation would benefit from an agent’s advice.
- Should I file a claim if it’s only slightly more than my deductible?
- Am I covered when driving in Canada or Mexico?
- What if a claim settlement is too low?
- Is a fancy paint job covered?
- Am I covered while delivering pizza?
- When should I remove comp and collision on my Audi R8?
If it’s difficult to answer those questions, you may need to chat with a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier
Do the work, save more money
Budget-conscious Audi R8 insurance is available from both online companies and from local insurance agents, and you should compare price quotes from both to have the best selection. Some insurance providers may not offer the ability to get quotes online and many times these small insurance companies only sell through independent agents.
When getting El Paso auto insurance quotes online, don’t be tempted to buy poor coverage just to save money. In many cases, someone dropped physical damage coverage only to regret that the small savings ended up costing them much more. The proper strategy is to find the BEST coverage at the best possible price, but don’t skip important coverages to save money.
Additional information is available at these links:
- Shopping for a Safe Car (Insurance Information Institute)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Car Insurance FAQ (Trusted Choice)