2012 Porsche Cayman Insurance Rates

Searching for lower car insurance rates for your Porsche Cayman? Did you fall for a flashy sales pitch and buy overpriced car insurance? Believe me when I say there are lots of people in the same boat.

Many insurers vie to insure your vehicles, and because of this it can be hard to compare insurance companies to get the lowest price

If you currently have car insurance, you stand a good chance to be able to save some money using this strategy. Buying car insurance is easy if you know what you’re doing. But drivers need to learn how insurance companies sell insurance online and use this information to your advantage.

The method we recommend to compare car insurance company rates is to take advantage of the fact most of the larger companies pay for the opportunity to compare their rates. To get started, all you need to do is provide a little information like your credit rating estimate, if you lease or own, if it has an alarm system, and if you’re married. That rating data gets transmitted to many different companies and you will get price comparisons almost instantly.

Pay less for Porsche Cayman insurance

Car insurance companies don’t always list every available discount in an easy-to-find place, so the following is a list of some of the more common as well as the least known ways to save on car insurance.

• Resident Student – Any of your kids living away from home attending college and don’t have a car may be able to be covered for less.
• Low Mileage – Low mileage vehicles could be rewarded with a substantially lower rate.
• Safe Drivers – Safe drivers can get discounts for up to 45% lower rates for Cayman insurance than their less cautious counterparts.
• Drivers Ed for Students – Require your teen driver to successfully complete driver’s ed class in high school.
• Discount for Good Grades – Getting good grades can earn a discount of 20% or more. The discount lasts up to age 25.
• Anti-theft System – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.

Drivers should understand that most discount credits are not given to the entire cost. Most only cut specific coverage prices like comprehensive or collision. Just because it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way.

To see a list of providers who offer car insurance discounts, follow this link.

Tailor your coverage to you

When choosing coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s situation is unique so your insurance should reflect that For example, these questions can aid in determining whether your personal situation may require specific advice.

• Should I buy full coverage?
• Do I need replacement cost coverage on my 2012 Porsche Cayman?
• Am I covered when using my vehicle for business?
• Should I have a commercial auto policy?
• Are my tools covered if they get stolen from my vehicle?
• Am I covered if I wreck a rental car?
• Do I need more liability coverage?
• Am I covered when driving a rental car?
• How can I get my company to pay me more for my totalled car?
• Is a blown tire covered by insurance?

If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Car insurance coverages for a Porsche Cayman

Understanding the coverages of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. Insurance terms can be difficult to understand and reading a policy is terribly boring. These are the normal coverages found on the average insurance policy.

Collision coverage

Collision coverage will pay to fix damage to your Cayman caused by 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 claims such as hitting a mailbox, hitting a parking meter and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Liability car insurance

Liability insurance will cover damage that occurs to other’s property or people by causing an accident. It protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability can pay for things like structural damage, emergency aid, attorney fees and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but buy as large an amount as possible.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for bills like funeral costs, surgery, ambulance fees and EMT expenses. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover you and your occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as damage from a tornado or hurricane, hail damage, fire damage, damage from getting keyed and rock chips in glass. The most a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.