How Much Does Audi R8 Car Insurance Cost? | Finder Canada

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How much does Audi R8 car insurance cost?

Find out the average Audi R8 insurance rate.

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audi r8 2019

While the Audi R8 is one of the more affordable supercars, it’s a substantial investment that should be protected on and off the road. The Audi R8 is a luxury sportscar that’s surprisingly cheap to insure. The average insurance costs for an Audi R8 is $269 a month, or $3,222 a year. With a base price of $220,400, the annual insurance cost–to–base car price ratio is only 1.5%, making it one of the cheapest luxury cars to insure.

Although insurance for the R8 is much higher than any provincial or territorial average, it’s a pretty reasonable estimate considering how many variables can influence the cost of car insurance. The R8 is designed for performance and has the potential to be driven at high speeds, and while that may increase the car’s risk factor, sports cars are stolen far less than sedans, which may help to keep insurance rates down.

Compare free car insurance quotes online for your Audi R8

Name Product Roadside assistance Third-Party Liability Collision Coverage Comprehensive Coverage Discounts Available Available Provinces
Sonnet Auto Insurance
Up to 25%
Alberta, New Brunswick, Nova Scotia, Ontario, PEI, Quebec
Get auto insurance with Sonnet in just five minutes. Save up to 25% on your auto insurance through discounts and bundling options.

Who it might be good for: Drivers looking to apply and manage their car insurance completely online.
Surex Auto Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Saskatchewan, Yukon
Submit one application and receive quotes from 10+ insurers. Save up to 25% on your car insurance, plus get access to an insurance advisor.

Who it might be good for: Drivers looking to use an insurance broker to compare multiple pricing and coverage options.
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How to compare insurance for the Audi R8

Despite the R8 being a performance car with a much higher price tag than the average vehicle, finding coverage is surprisingly easy. A lot of major providers will be able to cover this model, but for those who can’t, there are multiple providers with policies designed specifically for sports cars. In order to find the best auto insurance for your Audi R8, you should create a sample policy with the coverage you need and use that template to get quotes from different providers. Here are a few factors you should consider when comparing your options.

  • Price. Although price is important, it’s best used a tool to compare similar policy options rather than your deciding factor.
  • Deductible. Choose a deductible that suits your budget and situation. Higher deductibles may cost more up front but can make for lower monthly premiums. Similarly, a lower deductible costs less if you file a claim, but could cost you more in monthly premiums
  • Minimum coverage. Every province and territory requires drivers to have car insurance. Make sure your provincial or territorial minimums are met before choosing a policy.
  • Additional coverage. Personal injury protection and uninsured motorist coverage are just two of the many available types of extended coverage. Be sure to choose a provider that offers the additional coverage you need.
  • Extras. Accident forgiveness, roadside assistance and no-deductible glass repair are all extras that may be available on your policy. If extra features are important to you, be sure to speak with your provider to find out whats available.
  • Restrictions. Some policies may have restrictions on ridesharing, traveling out of the country, or other limitations. Be aware of any restrictions to avoid gaps in coverage or bring denied claims.
  • Manufacturer offer or loyalty discount. Some manufacturers have partnerships with insurance providers to provide special offers or discounts. Speak with your Audi dealer to find out if any offers are available.
  • Warranty. Find out what coverage is offered through your manufacturer warranty to avoid paying for extra coverage you don’t need

What factors affect car insurance rates for Audi R8?

Many people assume that insuring a sports car like the Audi R8 will cost an outrageous amount due to its price tag and performance. However, auto insurance is a lot more complicated, as providers analyze a number of factors outside performance and MSRP to determine your rates. Things like body type, theft rates, safety features and many other variables are all taken into account, meaning there are a number of ways to keep prices competitive. Here’s how the Audi R8’s characteristics might affect auto insurance rates.

  • Body type. The R8 is considered a coupe, which can actually be cheaper to insure compared to a sedan.
  • Type of car. The R8 is a performance sports car, which has the potential to be driven at high speeds. This may increase the cost of car insurance.
  • Theft. Sedans are by far the most frequently stolen type of vehicle. The R8 is technically a coupe and it stands out, reducing the chances of it being stolen. This could lead to lower premiums.
  • Repairs. Repairing an Audi R8 could be expensive. Parts will likely cost more than other Audi models and maintenance may require certified technicians. This could increase your premium.
  • Safety ratings. While the R8 doesn’t have any official safety ratings, the vehicle comes standard with a number of great safety features that could help you get auto insurance discounts.

How do trim packages and extra build options affect insurance cost?

Insurance providers calculate your premiums based on variables that influence the chances of you filing claims and the expected costs of paying them out. This is why driver, location and vehicle-specific factors can all affect your rates. Just as every driver and vehicle are different, the features and options on your particular R8 set it apart from the rest. Whether you choose the sport package, upgraded driver assistance technology or any other option, it can affect your auto insurance premiums. Based on the standard 2018 Audi R8 V10 coupe, here’s how various packages and trims might affect the price you pay for auto insurance.

Engine & drivetrain

  • V10 Performance. If the standard R8 just doesn’t cut it, the V10 Performance offers a total of 602 HP along with ceramic brakes, full LED headlights, a carbon fibre engine and more. This option is over $30,000 more expensive than the standard model and adds a significant amount of power, so you’ll likely see an increase in your premiums.
  • Quattro. Quattro is Audi’s all wheel drive system. Adding this package can improve handling and traction. With that being said, it too is $30,000 more than the standard option, which will probably increase the cost of insurance.

Packages and options

  • Diamond Quilted Leather package. Although this package won’t effect your R8’s performance, the $6,200 price tag might increase insurance premiums.
  • Audi Sport package. This package adds features like dynamic steering and additional control, so it could help lower your premiums. On the other hand, these features are designed to make it easier to drive at high speeds, which your insurer might consider as higher risk.
  • Bucket Seat package. Because this package doesn’t alter the car’s safety or handling, it likely won’t impact the cost of your premium.

Audi R8 money-saving safety features

You could save money on car insurance for your Audi R8 if it comes equipped with these safety features.

  • Airbags
  • Daytime running lights
  • Anti-lock brakes
  • Anti-theft device
  • Surround camera system
  • Parking sensors
  • Rear back-up sensors
  • LED fog lights
  • Electronic stability control
  • Seatbelt pretensioners

Does the Audi R8 qualify for auto insurance discounts?

Your vehicle may be eligible for various auto insurance discounts depending on which provider you choose. However, the exact discounts you receive will vary depending on location, provider, options, and other factors. Here are a few that could apply to the Audi R8:

  • New car discount
  • Anti-lock brake discount
  • Anti-theft discount
  • Passive restraint discount (Airbags, motorized seat belts, etc.)
  • Emergency roadside assistance discount

How reliable is the Audi R8?

There are very few common complaints and problems with the Audi R8. However, the R8 is an expensive sports car, meaning that the sample size is much smaller than that of common vehicles like the Audi A4 or Q5. With that being said, some owners have experienced transmission problems, power loss and carbon buildup.

  • 2019: The front airbag on a number of Audi R8 vehicles had to be replaced due to an issue where increased sensitivity to humidity and high temperatures could have caused the airbag to deploy with too much force.

Audi R8 maintenance

The R8 is a performance vehicle that is designed to provide an exciting and entertaining driving experience. It may be driven more aggressively than other Audi vehicles, which could require more frequent service. However, whether you drive an R8 or an A3, it’s always important to keep a routine maintenance schedule to keep your vehicle running at its best. Routine oil changes and scheduled service appointments are a couple ways to get the most out of your R8. Here’s what to expect in terms of oil change prices, mileage and more.

  • Audi recommends an oil change every 16,000 km or 12 months, whichever comes first. However, if your car is being driven vigorously, you may want to have it changed more frequently. Audi R8s require a lot of oil, which may be part of the reason why oil changes could cost several hundred dollars.
  • Your R8 should be brought in for minor maintenance regularly, with similar frequency as for oil changes.
  • The 2020 Audi R8 gets 17.5 L/100 km in the city and 11.7 on the highway.
  • The 2017 Audi R8 comes with a four-year/50,000-mile warranty and four years of 24/7 roadside assistance.

Is an extended warranty worth it for the Audi R8?

The Audi R8 comes with a standard 4 years or 80,000 km warranty. If you’re looking for extended coverage, you may want to consider the Audi Certified :plus Limited Warranty becomes effective and provides coverage for 5 years or up to 100,000 km. While the standard warranty offers great coverage, performance vehicles like the Audi R8 can benefit from the additional protection you’d get from the extended warranty. Plus, it can boost resale value if you decide to sell it in the future.

How safe is the Audi R8?

Unfortunately, the Audi R8 doesn’t have any official safety ratings, which may be due to the fact that it is produced in much smaller numbers than other Audi vehicles. With that being said, like many other Audis, the R8 comes standard with a number of safety and driver assistance features that can help prevent collisions and mitigate damage in the event of an accident.

Bottom line

The Audi R8 is an impressive sports car that offers incredible performance at a fraction of the price of other supercars. Despite its price tag and potential to be driven at high speeds, auto insurance for the R8 is fairly easy to find. You should have no problem getting coverage from any of the main providers, but should you choose to go elsewhere, some providers specialize in performance cars may be able to offer more tailored policies. In order to get the best rates, you should compare your options to find a policy and provider suits your needs.

Frequently asked questions about the Audi R8

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