2011 Porsche Cayman Insurance Quotes

Looking for cheaper insurance rates for your Porsche Cayman? Nobody I know likes paying for insurance, in particular when the cost is too high. Multiple insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates to get the lowest rate possible.

How to Get Auto Insurance Comparison Quotes

Cutting your auto insurance rates is not a difficult process. The only thing you need to do is take time comparing rate quotes provided by online insurance companies. This is very easy and can be done in several different ways.

  1. The most efficient way consumers can make multiple comparisons is a comparison rater form click here to open form in new window. This method eliminates the need for separate quote forms to each individual auto insurance company. One simple form gets you price quotes from several companies.
  2. A harder way to get comparison quotes is to manually visit the website for every company you want to comare and fill out their own quote form. For example, we’ll assume you want to compare rates from Allstate, Progressive and Travelers. To find out each rate you need to visit each site to enter your coverage information, which is why the first method is quicker.

    For a handy list of car insurance company links in your area, click here.

It’s your choice how you get your quotes, but ensure you are comparing exactly the same information on every quote. If the quotes have unequal deductibles or liability limits it will be impossible to determine which rate is truly the best.

Are car insurance companies telling the truth?

Consumers can’t get away from ads for car insurance savings by State Farm and Allstate. They all have a common claim about savings after switching to their company.

How do they all claim to save you money? This is how they do it.

Insurance companies are able to cherry pick for the driver that is profitable for them. A good example of a desirable insured might be profiled as between the ages of 40 and 55, owns a home, and drives less than 10,000 miles a year. Any driver who fits that profile will qualify for the lowest rates and as a result will probably save when switching.

Consumers who don’t qualify for these standards will be charged higher prices which leads to the driver buying from a lower-cost company. The ad wording is “people who switch” not “people who quote” save money. That is how companies can truthfully state the savings. That is why it is so important to quote coverage with many companies. Because you never know which company will fit your personal profile best.

Porsche Cayman insurance rates are influenced by…

Smart consumers have a good feel for the rating factors that come into play when calculating the price you pay for insurance. Knowing what impacts premium levels allows you to make educated decisions that can help you get lower insurance prices.

The list below includes some of the factors companies use to determine your rates.

  • Bundling policies can get discounts – Most insurance companies will give a discount to insureds who buy several policies from them, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to comparison shop to verify if the discount is saving money. You may still be able to find a better deal by insuring with multiple companies.
  • Do you have enough liability coverage? – Liability insurance provides coverage when a court rules you are at fault for personal injury or accident damage. It will provide legal defense starting from day one. Liability insurance is quite affordable compared to physical damage coverage, so buy as much as you can afford.
  • Always keep insurance in force – Driving your car without having proper coverage can get your license suspended and you will pay a penalty because you let your insurance lapse. And not only will your rates increase, but being ticketed for driving with no insurance might get you a steep fine or even jail time.
  • Car features impact rates – Choosing a vehicle with a theft deterrent system can help lower your rates. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart auto theft.
  • Rate your vehicle for proper use – The more you drive in a year’s time the higher your rates will be. Most companies rate vehicles based on how the vehicle is used. Cars and trucks used primarily for pleasure use receive lower rates than those used for commuting. Improper usage on your Cayman can cost quite a bit. Double check that your insurance policy is rated on the correct driver usage, because improper ratings can cost you money.
  • Being married can save on insurance – Getting married helps lower the price on insurance. Having a spouse is viewed as being more mature and it’s proven that married couples file fewer claims.
  • High deductibles save money – Your deductibles represent how much money you are required to spend out-of-pocket before your insurance pays a claim. Physical damage coverage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some examples of claims that would be covered could be colliding with a building, vandalism, and burglary. The more money the insured has to pay upfront, the less your insurance will be for Cayman insurance.
  • Bad driving skills means higher rates – Only having one moving violation can boost insurance rates twenty percent or more. Careful drivers receive lower rates than bad drivers. Drivers with serious tickets like reckless driving, hit and run or driving under the influence are required to submit a SR-22 form with the DMV in their state in order to continue driving.

Don’t pay full price with these discounts

Car insurance companies don’t always publicize all available discounts in a way that’s easy to find, so we researched some of the best known and also the lesser-known ways to save on car insurance. If you aren’t receiving every discount possible, you are throwing money away.

  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and therefore earn up to a 10% discount.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Porsche could qualify for better rates on cars that stay parked.
  • Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
  • Multiple Policy Discount – When you have multiple policies with one insurance company you will save 10% to 20% off each policy.
  • Homeowners Pay Less – Owning a home can save you money because owning a home requires personal responsibility.
  • Use Seat Belts – Drivers who require all occupants to use their safety belts can save 10% or more off your PIP or medical payments premium.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and therefore earn up to a 10% discount.
  • Government Employees – Being employed by or retired from a federal job could cut as much as 10% off for Cayman insurance with a few car insurance companies.
  • Senior Citizens – If you qualify as a senior citizen, you may receive better car insurance rates for Cayman insurance.

It’s important to note that most credits do not apply the the whole policy. Some only reduce individual premiums such as physical damage coverage or medical payments. So when it seems like you could get a free car insurance policy, you won’t be that lucky.

For a list of insurance companies who offer car insurance discounts, click here.

Your personal situation dictates your coverage

When buying the right insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions can aid in determining whether your personal situation might need an agent’s assistance.

  • What is PIP insurance?
  • Is upholstery damage covered by car insurance?
  • What is no-fault insurance?
  • Do I need rental car coverage?
  • What companies insure drivers after a DUI or DWI?
  • Do I need roadside assistance coverage?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?

If you’re not sure about those questions then you might want to talk to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Coverage specifics

Understanding the coverages of your policy helps when choosing appropriate coverage for your vehicles. Car insurance terms can be ambiguous and nobody wants to actually read their policy. Below you’ll find the normal coverages offered by car insurance companies.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, rock chips in glass, vandalism, hail damage and damage from getting keyed. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Auto collision coverage

This covers damage to your Cayman caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as sideswiping another vehicle, rolling your car, damaging your car on a curb, colliding with a tree and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for X-ray expenses, pain medications, nursing services and rehabilitation expenses. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Liability car insurance

This protects you from injuries or damage you cause to a person or their property in an accident. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers claims such as structural damage, funeral expenses, repair costs for stationary objects, repair bills for other people’s vehicles and legal defense fees. How much liability coverage do you need? That is your choice, but buy as high a limit as you can afford.

Make an honest buck

We covered some good ideas how to compare 2011 Porsche Cayman insurance prices online. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. You may even discover the most savings is with the smaller companies. These companies may have significantly lower rates on certain market segments than their larger competitors like State Farm or Progressive.

Affordable insurance is available online as well as from independent agents, so you should compare both to get a complete price analysis. A few companies don’t offer the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

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