If saving money is your primary concern, then the best way to find the cheapest price for Audi S8 insurance in Albuquerque is to compare prices at least once a year from insurance carriers who provide car insurance in New Mexico.
- First, gain an understanding of car insurance and the factors you can control to prevent expensive coverage. Many rating factors that result in higher prices such as accidents, traffic tickets, and a bad credit rating can be amended by making minor driving habit or lifestyle changes. This article gives ideas to get low prices and get additional discounts that may have been overlooked.
- Second, compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from one company like GEICO or Allstate, while independent agencies can quote prices for a wide range of insurance providers.
- Third, compare the new rate quotes to your existing coverage and see if there is a cheaper rate. If you find better rates and make a switch, verify that coverage does not lapse between policies.
- Fourth, give proper notification to your current agent or company of your decision to cancel your current car insurance policy. Submit the required down payment along with the signed application to the newly selected company. As soon as you can, store the proof of insurance certificate in your vehicle’s glove compartment or console.
A good piece of advice is that you use identical limits and deductibles on each quote and and to get rates from as many companies as feasibly possible. Doing this guarantees the most accurate price comparison and the best rate selection.
Unfortunately, a large majority of drivers kept their coverage with the same auto insurance company for well over three years, and approximately 38% of consumers have never compared rates to find cheap insurance. American drivers could save themselves approximately $850 a year by just comparing quotes, but they mistakenly think it’s difficult to compare other rate quotes.
If you are already insured or just want cheaper coverage, you can follow these tips to shop for the lowest rates without sacrificing coverage. Pricing the lowest-priced protection in Albuquerque is quite easy. Shoppers just have to know the fastest way to quote multiple rates instantly.
Take these six policy discounts and save on Audi S8 insurance in Albuquerque
Insurance can cost an arm and a leg, but there’s a good chance there are discounts to reduce the price significantly. Many discounts should be triggered at quote time, but some need to be specially asked for before being credited.
- Discount for Passive Restraints – Factory options such as air bags can get savings of 25 to 30%.
- Life Insurance – Select companies reward you with a small discount if you purchase a life insurance policy as well.
- Driver’s Ed – Teen drivers should participate in a local driver’s education class as it can save substantially.
- Theft Deterrent Discount – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are stolen less frequently and that can save you a little bit as well.
- Senior Citizen Rates – Mature drivers could receive a discount up to 10%.
- Savings for New Vehicles – Putting insurance on a new S8 can get you a discount since newer models have better safety ratings.
A quick disclaimer, most discount credits are not given to the entire cost. Most cut individual premiums such as medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, companies wouldn’t make money that way.
A list of auto insurance companies and a selection of discounts can be found below.
- Mercury Insurance may include discounts for type of vehicle, good driver, multi-car, age of vehicle, multi-policy, and low natural disaster claims.
- Farmers Insurance offers discounts including electronic funds transfer, pay in full, distant student, switch companies, mature driver, and business and professional.
- Farm Bureau offers discounts for multi-policy, driver training, 55 and retired, safe driver, multi-vehicle, youthful driver, and good student.
- State Farm may offer discounts for passive restraint, Steer Clear safe driver discount, driver’s education, defensive driving training, and good student.
- Allstate discounts include EZ pay plan discount, early signing, 55 and retired, passive restraint, auto/life discount, premier plus, and safe driver.
- GEICO has savings for emergency military deployment, federal employee, air bags, membership and employees, and good student.
If you are trying to find affordable Albuquerque car insurance quotes, ask every insurance company the best way to save money. Some credits might not apply in your state. If you would like to view providers with the best Audi S8 insurance discounts in New Mexico, click here to view.
Cutting your Albuquerque insurance rates is a fairly straight forward process. You just have to take the time comparing rate quotes from some recommended companies.
The providers in the list below can provide price comparisons in New Mexico. To locate the best cheap car insurance in New Mexico, we recommend you get rates from several of them in order to find the cheapest rates.
Compare rate quotes but buy from a local Albuquerque insurance agency
A lot of people would prefer to sit down and talk to an agent and that is recommended in a lot of cases Professional agents can help determine the best coverages and help in the event of a claim. One of the benefits of comparing rate quotes online is the fact that drivers can get cheap car insurance quotes but also keep your business local. And providing support for neighborhood insurance agencies is important particularly in Albuquerque.
By using this quick form, your information is emailed to insurance agents in Albuquerque who will give you quotes for your insurance coverage. You don’t have to search for any insurance agencies because prices are sent to the email address you provide. If you have a need to get a price quote from a specific company, feel free to jump over to their website and fill out their quote form.
If you want to use a reliable insurance agency, you must know there are a couple types of insurance agents to choose from. Albuquerque agents are either exclusive or independent. Both can sell affordable car insurance policies, but we need to point out the subtle differences since it could factor into the type of agent you choose.
Independent Car Insurance Agents
Agents of this type are not employed by any specific company and that gives them the ability to insure with a variety of different insurance companies enabling the ability to shop coverage around. To move your coverage to a new company, they simply move the coverage in-house without you having to go to a different agency. When searching for an agent, you definitely need to include price quotes from several independent agencies in order to compare the most rates. A lot of them also have access to less well-known companies which can save you money.
Shown below are independent insurance agents in Albuquerque who may be able to give you price quote information.
- Berger Briggs Real Estate and Insurance Inc
4333 Pan American Fwy – Albuquerque, NM 87107 – (505) 247-0444 – View Map
- Free Market Insurance Agency
6211 San Mateo Blvd NE #120 – Albuquerque, NM 87109 – (505) 881-2645 – View Map
- Commercial West Insurance
2616 Mesilla St NE #2 – Albuquerque, NM 87110 – (505) 255-9577 – View Map
Exclusive Car Insurance Agents
Exclusive agencies can only provide pricing for a single company like Allstate, State Farm and Farmers Insurance. They generally cannot provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. These agents are trained well in insurance sales which helps them compete with independent agents. Consumers frequently buy from the same agent for years partially due to loyalty to the company and the convenience of having all coverages with one company.
Below are exclusive insurance agents in Albuquerque who can help you get price quote information.
- Richard Moore – State Farm Insurance Agent
5353 Wyoming Blvd NE b – Albuquerque, NM 87109 – (505) 821-6000 – View Map
- Michele Romero – State Farm Insurance Agent
3904 Carlisle Blvd NE c – Albuquerque, NM 87107 – (505) 881-7000 – View Map
- Aimee Abeyta – State Farm Insurance Agent
12836 Lomas Blvd NE a – Albuquerque, NM 87112 – (505) 292-3990 – View Map
Picking an car insurance agent requires more thought than just the price. Ask your prospective agent these questions:
- Can glass repairs be made at your home?
- Are they actively involved in the community?
- How many companies do they write for?
- Does the agent have a valid license to sell insurance in New Mexico?
- Are they able to provide referrals?
Car insurance is not optional
Despite the high insurance cost for a Audi S8 in Albuquerque, maintaining insurance may be required and benefits you in several ways.
First, just about all states have minimum liability requirements which means state laws require a specific level of liability insurance coverage if you drive a vehicle. In New Mexico these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your car has a loan, most banks will require that you have insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank may buy a policy for your Audi at a much higher rate and force you to pay a much higher amount than you were paying before.
Third, insurance protects your vehicle and your assets. It will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. Liability coverage also pays for attorney fees and expenses if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.
The benefits of having insurance outweigh the cost, especially when you need to use it. According to a recent study, the average American driver overpays more than $800 each year so we recommend shopping around each time the policy renews to help ensure money is not being wasted.
Learning about specific coverages of your policy helps when choosing the best coverages for your vehicles. Insurance terms can be ambiguous and coverage can change by endorsement.
Coverage for uninsured or underinsured drivers
This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Audi S8.
Because many people only purchase the least amount of liability that is required (which is 25/50/10), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are set the same as your liability limits.
Liability auto insurance
Liability coverage protects you from damage or injury you incur to other people or property. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/10 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $10,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which provides one coverage limit without having the split limit caps.
Liability coverage pays for claims such as bail bonds, funeral expenses and medical expenses. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford. New Mexico requires drivers to carry at least 25/50/10 but you should consider buying better liability coverage.
The illustration below demonstrates why low liability limits may not provide adequate coverage.
Coverage for medical expenses
Coverage for medical payments and/or PIP pay for immediate expenses for things like rehabilitation expenses, pain medications and X-ray expenses. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible
Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things such as a tree branch falling on your vehicle, damage from a tornado or hurricane, theft and a broken windshield. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Collision insurance pays to fix your vehicle from damage caused by collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things such as backing into a parked car, hitting a parking meter and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to raise the deductible on your S8 to get cheaper collision coverage.
Cheaper car insurance is a realistic goal
People change insurance companies for a variety of reasons including high prices, policy non-renewal, delays in paying claims or questionable increases in premium. No matter why you want to switch, switching car insurance companies is not as difficult as it may seem.
In this article, we presented many tips how you can get a better price on Audi S8 insurance in Albuquerque. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. You may even discover the lowest rates are with some of the lesser-known companies.
Cheaper car insurance in Albuquerque is available online and also from your neighborhood Albuquerque agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies may not provide online price quotes and these regional insurance providers work with independent agencies.
To learn more, feel free to visit these articles:
- Auto Crash Statistics (Insurance Information Institute)
- Who Has the Cheapest Albuquerque Car Insurance Quotes for Handicapped Drivers? (FAQ)
- What is the Cheapest Car Insurance in Albuquerque, New Mexico? (FAQ)
- What Insurance is Cheapest for a Kia Optima in Albuquerque? (FAQ)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- Safety Belts FAQ (iihs.org)