2008 Porsche Boxster Insurance Rates

Comparison shopping for auto insurance is always challenging for people who are new to shopping for insurance online. People have so many options that it can turn into a real hassle to find lower rates.

Finding Auto Insurance Deals

The are a couple different ways of comparing price quotes from auto insurance companies in your area. The recommended way to find the cheapest 2008 Porsche Boxster insurance rates is to use the internet to compare rates. This can be accomplished in just a few minutes using one of these methods.

  1. Probably the best way consumers can make multiple comparisons would be an industry-wide quote request form like this one (opens in new window). This easy form saves time by eliminating repetitive form submissions to each individual auto insurance company. Taking the time to complete one form will get you price quotes from auto insurance companies with the best prices. Recommended for those who want to invest the least amount of time.
  2. Another way to obtain and compare quotes online is going to each individual company website and complete a new quote form. For example, we’ll assume you want to compare rates from Allstate, 21st Century and Farmers. To find out each rate you need to visit each site and enter your policy data, which is why the first method is quicker.

    For a list of links to companies insuring cars in your area, click here.

Whichever way you use, make darn sure you compare the exact same coverage limits and deductibles on every quote you get. If you compare higher or lower deductibles then you won’t be able to find the best deal for your Porsche Boxster. Quoting even small variations in coverage limits may cause a big price difference. And when price shopping your coverage, getting more free quotes will increase your chances of finding better pricing.

These discounts can slash auto insurance rates

Companies that sell car insurance do not advertise every available discount in a way that’s easy to find, so we took the time to find some of the best known as well as the least known auto insurance savings.

  • 55 and Retired – If you qualify as a senior citizen, you may qualify for reduced rates for Boxster insurance.
  • Save with a New Car – Buying coverage on a new vehicle can save up to 30% compared to insuring an older model.
  • Good Student Discount – This discount can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
  • Lower Rates for Military – Having a deployed family member could be rewarded with lower premiums.
  • Paperwork-free – A handful of insurance companies will discount your bill up to fifty bucks for buying your policy online.
  • Multiple Policy Discount – If you insure your home and vehicles with the same insurance company you will save approximately 10% to 15%.
  • Auto/Life Discount – Some companies give a discount if you purchase life insurance from them.
  • No Claims – Drivers with accident-free driving histories can save substantially when compared with drivers who are more careless.
  • Discount for Swiching Early – Select companies give a discount for switching to them before your current policy expires. The savings is around 10%.
  • Passive Restraints and Air Bags – Factory air bags or motorized seat belts can receive discounts of 20% or more.

Consumers should know that most credits do not apply the the whole policy. Most only reduce individual premiums such as collision or personal injury protection. Just because you may think you can get free auto insurance, you’re out of luck.

A partial list of companies who might offer these discounts may include but are not limited to:

Double check with each insurance company which discounts you may be entitled to. All car insurance discounts might not be offered in your area.

When might I need the advice of an agent?

When it comes to buying adequate coverage, there really is no perfect coverage plan. Every situation is different.

For instance, these questions can help discover whether you would benefit from professional advice.

  • How high should my uninsured/underinsured coverage be in my state?
  • Is business property covered if stolen from my car?
  • Is motorclub coverage worth it?
  • What is the minimum liability in my state?
  • What is the difference between comprehensive and collision coverage?
  • Should I buy only the required minimum liability coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Does my policy cover me when driving someone else’s vehicle?
  • Do I really need UM/UIM coverage?

If you can’t answer these questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form.

Factors that can influence insurance rates for a Porsche Boxster

Consumers need to have an understanding of the factors that go into determining your car insurance rates. Understanding what determines base rates allows you to make educated decisions that may reward you with big savings.

Listed below are a partial list of the pieces companies use to determine rates.

  • Claim-free discounts can add up – If you are a frequent claim filer, you can expect either a policy non-renewal or much higher rates. Auto insurance companies provide lower rates to policyholders who file claims infrequently. Auto insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Cautious drivers pay less – Drivers who don’t get tickets tend to pay less for car insurance than people who have multiple driving citations. Just one speeding ticket can bump up the cost by as much as thirty percent. If you have severe violations like DUI or reckless driving may find they need to submit a SR-22 form with their state motor vehicle department in order to drive a vehicle legally.
  • Your spouse saves you money – Being married actually saves money on your policy. Having a significant other is viewed as being more mature than a single person it has been statistically shown that married couples file fewer claims.
  • Discounts for multiple policies – Some companies will award you with lower prices to people who buy several policies from them in the form of a multi-policy discount. Even though this discount sounds good, you may still want to compare rates to verify if the discount is saving money. Drivers may still find a better deal by buying insurance from more than one company.
  • Optional equipment can affect rates – Owning a car with an alarm system can help lower your rates. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent car theft.

Can you really save $491 a year?

Companies like State Farm, GEICO and Progressive consistently run ads on TV and radio. All the ads have a common claim of big savings if you change your coverage to them. How do they all make the same claim? It’s all in the numbers.

All the different companies can use profiling for the right customer that earns them a profit. A good example of a driver they prefer might be between 25 and 40, a clean driving record, and drives newer vehicles. Any new insured who matches those parameters gets the lowest rates and as a result will probably save when switching.

Drivers who are not a match for the “perfect” profile will have to pay more money and this can result in business going elsewhere. The ads say “customers who switch” but not “drivers who get quotes” save money. That’s the way insurance companies can confidently state the savings. Because of the profiling, you should get a wide range of price quotes. It’s impossible to know which company will have the lowest Porsche Boxster insurance rates.

Insurance coverage options for a 2008 Porsche Boxster

Knowing the specifics of your policy can help you determine which coverages you need and proper limits and deductibles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Collision coverages – This will pay to fix damage to your Boxster resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as damaging your car on a curb, sideswiping another vehicle, scraping a guard rail, crashing into a ditch and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Liability car insurance – This provides protection from damage or injury you incur to a person or their property that is your fault. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims like court costs, medical services and attorney fees. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive or Other Than Collision – This pays for damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as damage from getting keyed, falling objects, hail damage and theft. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

UM/UIM Coverage – Your UM/UIM coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Porsche Boxster.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Medical costs insurance – Coverage for medical payments and/or PIP pay for short-term medical expenses for things like funeral costs, hospital visits, ambulance fees, prosthetic devices and nursing services. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. 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

Be a Smart Shopper

We just covered a lot of information how to compare 2008 Porsche Boxster insurance prices online. The key concept to understand is the more rate comparisons you have, the better your comparison will be. Drivers may discover the best price on car insurance is with an unexpected company.

Consumers who switch companies do it for a variety of reasons including unfair underwriting practices, an unsatisfactory settlement offer, poor customer service and even policy non-renewal. It doesn’t matter what your reason, finding a new car insurance company can be easier than you think.

When buying insurance coverage, it’s very important that you do not buy poor coverage just to save money. In too many instances, someone dropped collision coverage to discover at claim time they didn’t purchase enough coverage. Your goal should be to purchase plenty of coverage at a price you can afford while still protecting your assets.

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