Save on 2014 Porsche Cayman Insurance Rates

Searching for the cheapest car insurance rates for your Porsche Cayman? Tired of scraping the payment together to buy car insurance? You’re in the same situation as many other consumers.

Companies like GEICO and Progressive constantly bombard you with ads and it is difficult to separate fact from fiction and do the work needed to find the best deal.

How to save on 2014 Porsche Cayman insurance

Auto insurance companies do not list all their discounts very clearly, so the following is a list of both the well known and the harder-to-find savings tricks you should be using.

  • Payment Discounts – If you pay your bill all at once rather than paying monthly you may reduce your total bill.
  • Good Student – This discount can earn a discount of 20% or more. Earning this discount can benefit you up until you turn 25.
  • Auto/Life Discount – Companies who offer life insurance give better rates if you take out auto and life insurance together.
  • Defensive Driver – Taking a driver safety course could possibly earn you a 5% discount if you qualify.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to wear their seat belts can save 10% or more off the personal injury premium cost.

Keep in mind that some credits don’t apply to your bottom line cost. Most cut specific coverage prices like liability, collision or medical payments. So despite the fact that it appears you could get a free car insurance policy, companies wouldn’t make money that way.

A partial list of companies that may offer these benefits include:

Before buying, ask each company which discounts they offer. Savings might not be offered everywhere.

Compare Quotes for Insurance Coverage

Effectively comparing insurance coverage prices can be a lot of work if you don’t utilize the best way to get rate quotes. You could spend your day driving to insurance agencies in your area, or you can utilize online quoting to get rate comparisons in just a few minutes.

Most of the best insurance companies participate in a marketplace that allows shoppers to enter their policy data once, and every company then returns a price quote for coverage. This prevents consumers from doing quotation requests to every company. To compare 2014 Porsche Cayman rates using this form now click to open in new window.

The only drawback to pricing coverage this way is you don’t know exactly which providers to receive prices from. If you wish to select from a list of companies for rate comparison, we have a listing of companies who write insurance coverage in your area. Click to view list.

It’s your choice how you get your quotes, but ensure you’re using exactly the same coverage limits for every company. If each company quotes differing limits it’s impossible to determine the lowest rate for your Porsche Cayman. Having just a slight variation in insurance coverages may result in a large different in cost. And when price shopping your coverage, having more price comparisons helps locate the best price.

Parts of the Porsche Cayman rate equation

Smart consumers have a good feel for the rating factors that play a part in calculating your insurance rates. Having a good understanding of what controls the rates you pay allows you to make educated decisions that may reward you with much lower annual insurance costs.

  • Men pay higher rates – The statistics show women tend to be less risk to insure than men. Now that doesn’t mean men are worse drivers. Women and men have accidents in similar numbers, but the men tend to have more serious accidents. Men also statistically receive more costly citations such as reckless driving.
  • Older drivers pay less – Youthful drivers are known to be more careless when behind the wheel so insurance rates are higher. Older insureds are viewed as being more responsible, file fewer claims and are safer drivers.
  • Claim-free discounts can add up – If you are a frequent claim filer, you can definitely plan on either higher rates or even cancellation. Car insurance companies give lower rates to people who file claims infrequently. Car insurance is intended for major claims that would cause financial hardship.
  • Car features impact rates – Choosing a vehicle with an alarm system can save you a little every year. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft.
  • Do you qualify for a multi-policy discount? – Most insurance companies give discounts to people who buy several policies from them. It’s known as a multi-policy discount. Discounts can amount to 10 percent or more. Even if you’re getting this discount it’s in your best interest to comparison shop to make sure you are getting the best deal.
  • Your location is important – Residing in a rural area can be a good thing when insuring your vehicles. Drivers who live in large cities regularly have much more traffic and longer commute times. Fewer drivers translates into fewer accidents and also fewer theft and vandalism claims.
  • Rates may be lower depending on your job – Jobs such as doctors, business owners and stock brokers tend to pay the highest rates in part from job stress and long work days. On the other hand, occupations like actors, students and retirees have the lowest average rates on Cayman insurance.
  • Add-on coverages can add up – There are a lot of extra coverages that you can get tricked into buying if you aren’t careful. Things like roadside assistance, accidental death and term life insurance may be wasting your money. These may sound like a good investment when talking to your agent, but if they’re wasting money remove them from your policy.

Tailor your coverage to you

When it comes to buying adequate coverage, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions might help in determining if your situation may require specific advice.

  • Why am I be forced to buy a membership to get insurance from some companies?
  • Where can I find DUI or SR-22 insurance?
  • Am I covered if I crash into my own garage door?
  • Am I missing any policy discounts?
  • What if I don’t agree with a claim settlement offer?
  • Should I buy full coverage?
  • Does insurance cover tools stolen from my truck?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.

The coverage is in the details

Having a good grasp of car insurance can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by car insurance companies.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims like rolling your car, backing into a parked car, sideswiping another vehicle, crashing into a building and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Liability auto insurance

This protects you from injuries or damage you cause to people or other property that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

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

Liability can pay for claims such as funeral expenses, medical services and emergency aid. How much coverage you buy is your choice, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive coverage

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

Comprehensive can pay for things such as a tree branch falling on your vehicle, hitting a deer, theft, damage from a tornado or hurricane and damage from getting keyed. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like EMT expenses, chiropractic care, funeral costs, pain medications and doctor visits. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and may carry a deductible

Uninsured/Underinsured Motorist coverage

This coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Porsche Cayman.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Shop around and save

When you buy insurance online, make sure you don’t sacrifice coverage to reduce premiums. In many cases, an insured dropped comprehensive coverage or liability limits and learned later that the few dollars in savings costed them thousands. Your goal should be to get the best coverage possible for the lowest price, not the least amount of coverage.

Cost effective 2014 Porsche Cayman insurance can be found online and with local insurance agents, so compare prices from both to have the best chance of lowering rates. A few companies do not offer online quoting and usually these smaller companies provide coverage only through local independent agents.

Additional auto insurance information is available at the links below