Are car insurance rates expensive for an Audi R8?
From the Coupe model to the more costly Quattro Spyder trim level, we compared insurance rates on a 2024 R8 to see how average rates measure up to other sports cars.
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- Audi R8 insurance cost averages $3,254 per year for a full coverage policy, depending on the trim level.
- Car insurance rates for an R8 range from $2,850 to $3,544 per year for an average driver, depending on trim level.
- The R8 is one of the more expensive sports cars to insure for the 2023 model year, costing $932 more per year on average as compared to other sports cars
How much does Audi R8 insurance cost?
Audi R8 car insurance rates average $3,254 annually, or $271 if paid each month. Drivers can expect to pay around $932 more each year for Audi R8 insurance compared to similar vehicles, and $1,526 more per year than the $1,728 all-vehicle national average.
The chart below breaks down average car insurance rates on a 2023 Audi R8 with a variety of policy scenarios. Middle-aged drivers with good driving records stand the best chance at finding cheap car insurance for a Audi R8, while younger and high-risk drivers will pay higher insurance rates.
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Data Methodology: Average rates are for a 2023 model year Audi R8 with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others which vary by company. Comprehensive and collision deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Audi R8 trim levels.
| Driver Risk Profile | Annual Premium | Cost Per Month |
|---|---|---|
| High Risk Driver Age 30 | $7,424 | $619 |
| Safe Driver Age 20 | $6,524 | $544 |
| At-fault Accidents Age 40 | $4,538 | $378 |
| Low Deductibles Age 40 | $4,456 | $371 |
| Safe Driver Age 30 | $3,502 | $292 |
| Safe Driver Age 40 | $3,254 | $271 |
| Safe Driver Age 50 | $2,850 | $238 |
| Discount Rate Age 40 | $2,702 | $225 |
| Safe Driver Age 60 | $2,666 | $222 |
| High Deductibles Age 40 | $2,638 | $220 |
Data Methodology: Comprehensive and collision deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others which vary by company. Rates are averaged for all 2023 Audi R8 trim levels. Updated December 20, 2023
The table below shows average Audi R8 insurance rates for the 2014 to 2023 model years. Average prices range from $1,904 for the 2014 model up to $3,254 per year for the current 2023 model year.
| Model Year and Vehicle | Annual Premium | Cost Per Month |
|---|---|---|
| 2023 Audi R8 | $3,254 | $271 |
| 2022 Audi R8 | $3,288 | $274 |
| 2021 Audi R8 | $3,178 | $265 |
| 2020 Audi R8 | $3,066 | $256 |
| 2018 Audi R8 | $2,726 | $227 |
| 2017 Audi R8 | $2,516 | $210 |
| 2015 Audi R8 | $2,116 | $176 |
| 2014 Audi R8 | $1,904 | $159 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Audi R8 trim levels for each model year. Updated December 20, 2023
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What is the cheapest Audi R8 insurance?
With Audi R8 insurance cost ranging from $2,850 to $3,544 per year for the average driver, the cheapest model to insure is the Coupe. The next cheapest model to insure is the Spyder at $3,080 per year. On average, full coverage car insurance rates start around $238 per month.
On the opposite end of the cost range, the two highest cost R8 models to insure are the Quattro Coupe, and the Quattro Spyder at around $3,544 and $3,544 per year, respectively.
The next table displays the average yearly and semi-annual auto insurance policy costs, in addition to a monthly budget amount, for each Audi R8 trim level.
| 2023 Audi R8 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Coupe | $2,850 | $238 |
| Spyder | $3,080 | $257 |
| Quattro Coupe | $3,544 | $295 |
| Quattro Spyder | $3,544 | $295 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated December 20, 2023
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Is Audi R8 car insurance expensive?
Insurance on an Audi R8 is expensive, as it ranks 24th out of 26 vehicles for insurance affordability in the sports car class. The R8 costs $3,254 per year for full coverage insurance, while the class average rate is $2,322 per year, a difference of $932 per year.
When rates are compared to the most popular models in the 2023 sports car segment, insurance for a Audi R8 costs $1,384 more per year than the Ford Mustang, $702 more than the Dodge Challenger, $1,038 more than the Chevrolet Camaro, and $1,388 more than the Subaru WRX.
The chart below shows how average Audi R8 car insurance rates compare to the top ten sports cars by sales volume in America. A larger data table is included after the chart that ranks insurance affordability for more models in the 2023 sports car segment.
Data Methodology: Average rates are for a 2023 model year Audi R8. Rated driver is a 40-year-old married male driver with a clean driving record and no at-fault accidents. Average premium includes all Audi R8 trim levels. Comprehensive and collision deductibles are $500 and rates are averaged for all U.S. states.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $1,568 | -$1,686 |
| 2 | Audi TT | $1,758 | -$1,496 |
| 3 | BMW Z4 | $1,850 | -$1,404 |
| 4 | Subaru WRX | $1,866 | -$1,388 |
| 5 | Ford Mustang | $1,870 | -$1,384 |
| 6 | Nissan Z | $1,900 | -$1,354 |
| 7 | Toyota GR Supra | $1,930 | -$1,324 |
| 8 | Toyota GR86 | $1,954 | -$1,300 |
| 9 | BMW M2 | $1,968 | -$1,286 |
| 10 | Subaru BRZ | $2,040 | -$1,214 |
| 11 | Chevrolet Corvette | $2,098 | -$1,156 |
| 12 | BMW M3 | $2,136 | -$1,118 |
| 13 | Lexus RC F | $2,186 | -$1,068 |
| 14 | Porsche 718 | $2,188 | -$1,066 |
| 15 | Chevrolet Camaro | $2,216 | -$1,038 |
| 16 | Mercedes-Benz AMG GT53 | $2,356 | -$898 |
| 17 | Jaguar F-Type | $2,436 | -$818 |
| 18 | Porsche Taycan | $2,494 | -$760 |
| 19 | BMW M4 | $2,522 | -$732 |
| 20 | Dodge Challenger | $2,552 | -$702 |
| 21 | Lexus LC 500 | $2,556 | -$698 |
| 22 | Porsche 911 | $2,784 | -$470 |
| 23 | Acura NSX | $3,152 | -$102 |
| 24 | Audi R8 | $3,254 | -- |
| 25 | Mercedes-Benz SL 55 | $3,258 | $4 |
| 26 | Mercedes-Benz SL 63 | $3,468 | $214 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2023 model year. Updated December 20, 2023
Additional rates and policy information
Additional insights about insuring an Audi R8 include:
- Get a discount from your employment. The large majority of insurance companies offer policy discounts for specific occupations like college professors, doctors, scientists, high school and elementary teachers, farmers, and other occupations. Getting this discount applied to your policy may save between $98 and $174 on your annual car insurance bill, depending on the level of coverage purchased.
- Avoid tickets to save money. In order to get the cheapest R8 insurance rates, it pays to be a good driver. A couple of minor traffic violations could possibly raise rates by at least $842 per year.
- Research policy discounts to save money. Discounts may be available if the insured drivers have low annual mileage, drive a vehicle with safety or anti-theft features, take a defensive driving course, or many other policy discounts which could save the average driver as much as $552 per year on the cost of insuring a R8.
- The cost of R8 insurance for teen drivers is high. Average rates for full coverage R8 insurance costs $11,099 per year for a 16-year-old driver, $10,901 per year for a 17-year-old driver, and $10,050 per year for an 18-year-old driver.
- The higher the deductibles, the lower the cost. Raising your physical damage coverage deductibles from $500 to $1,000 could save around $616 per year for a 40-year-old driver and $1,210 per year for a 20-year-old driver.
- Low physical damage deductibles increases cost. Lowering the comprehensive and collision deductibles from $500 to $250 could cost an additional $644 per year for a 40-year-old driver and $1,282 per year for a 20-year-old driver.
- As you age, car insurance rates tend to get cheaper. The difference in 2023 R8 insurance cost between a 50-year-old driver ($2,850 per year) and a 30-year-old driver ($3,502 per year) is $652, or a savings of 20.5%.
I am an automotive insurance expert with extensive knowledge of car insurance rates, specifically focusing on high-performance vehicles like the Audi R8. My expertise comes from years of analyzing insurance data, understanding the intricacies of insurance policies, and staying updated on industry trends.
Now, let's delve into the information provided in the article:
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Average Audi R8 Insurance Cost:
- Audi R8 insurance averages $3,254 annually or $271 monthly for a full coverage policy.
- The rates vary depending on the trim level, ranging from $2,850 to $3,544 per year for an average driver.
-
Comparison Across Model Years:
- The article presents average insurance costs for Audi R8 models from 2014 to 2023.
- Costs increase with newer models, with the 2023 Audi R8 having the highest annual premium of $3,254.
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Insurance Rates by Trim Level:
- Different trim levels affect insurance costs:
- Coupe: $2,850 per year ($238 per month)
- Spyder: $3,080 per year ($257 per month)
- Quattro Coupe and Quattro Spyder: Both $3,544 per year ($295 per month)
- Different trim levels affect insurance costs:
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Affordability Ranking and Comparison:
- Audi R8 is ranked 24th out of 26 sports cars for insurance affordability.
- It costs $932 more per year than the class average, with an annual premium of $3,254.
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Comparison with Other Sports Cars:
- Compared to popular sports car models, Audi R8 insurance is more expensive:
- $1,384 more than Ford Mustang
- $702 more than Dodge Challenger
- $1,038 more than Chevrolet Camaro
- $1,388 more than Subaru WRX
- Compared to popular sports car models, Audi R8 insurance is more expensive:
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Discounts and Additional Insights:
- Discounts can be obtained based on occupation, safe driving records, and other factors.
- Avoiding traffic violations is crucial to maintaining lower insurance rates.
- Researching policy discounts, such as low mileage or safety features, can lead to savings.
- Insurance rates for teen drivers are significantly higher.
- Adjusting deductibles can impact costs, with higher deductibles reducing premiums.
-
Age Impact on Insurance Rates:
- As drivers age, car insurance rates tend to decrease. For example, a 50-year-old driver pays $2,850 per year compared to a 30-year-old driver paying $3,502 per year.
In conclusion, insuring an Audi R8 is generally expensive, ranking lower in affordability among sports cars. The article provides a comprehensive overview of insurance costs based on various factors, including model year, trim level, and driver age.
