Have you fallen victim to an overpriced auto insurance policy? Trust us when we tell you there are lots of people in the same boat. Companies like Progressive, State Farm and GEICO increase brand awareness with ads and it is challenging if not impossible to ignore the propoganda and take the time to shop coverage around.
It’s a good idea to price shop coverage quite often since insurance rates tend to go up over time. Even if you think you had the best price on Cayman insurance last year other companies may now be cheaper. Block out anything you think you know about auto insurance because you’re about to learn the fastest way to save money, get proper deductibles and limits, all at the lowest rate.
Fast and Easy Auto Insurance Quotes
All the larger auto insurance companies give insurance quotes on their websites. The process is pretty painless as you just enter your coverage preferences as detailed in the form. When the form is submitted, their rating system will order your credit score and driving record and returns pricing information. Quoting online simplifies rate comparisons, but the time it takes to visit different websites and fill out multiple forms can be a bit repetitive. Unfortunately, it is important to do this in order to find the best price on auto insurance.
Quote rates the easy way
A quicker way to compare auto insurance pricing is to use a quote form that obtains quotes from several companies at one time. It saves time, eliminates repetitive work, and makes online shopping much easier to do. As soon as you send your information, it is quoted with multiple companies and you can pick any or none of the quotes that you receive. If you find a better price you simply finish the application and buy the policy. The whole process takes less than 15 minutes and you will know how your current rates stack up.
To quickly find out what other companies charge, click here to open in new window and submit the form. If you currently have coverage, we recommend that you enter just like they are on your policy. This ensures you will have a rate comparison using the exact same coverages.
You probably qualify for some discounts
Car insurance companies don’t necessarily list all their discounts in an easy-to-find place, so here is a list both the well known and the harder-to-find savings tricks you should be using. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.
- Early Signing – Select companies give a discount for switching policies before your current policy expires. This can save 10% or more.
- Driver’s Ed – Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
- Homeowners Discount – Owning a home can save you money because maintaining a house demonstrates responsibility.
- Defensive Driver – Taking part in a course teaching defensive driving skills could save 5% or more if your company offers it.
- Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates on Cayman insurance than drivers with accidents.
- Passive Restraints and Air Bags – Cars that have air bags and/or automatic seat belt systems may earn rate discounts of 20% or more.
- Memberships – Affiliation with certain professional organizations could trigger savings when buying auto insurance on Cayman insurance.
- Low Mileage – Keeping the miles down on your Porsche can qualify you for better rates on cars that stay parked.
- Student in College – Youth drivers who are attending college and do not have access to a covered vehicle may be able to be covered for less.
- One Accident Forgiven – Certain companies will forgive one accident before hitting you with a surcharge if your claims history is clear for a set time period.
A little note about advertised discounts, most discount credits are not given to all coverage premiums. Most only reduce the cost of specific coverages such as collision or personal injury protection. Just because you may think adding up those discounts means a free policy, it just doesn’t work that way.
To choose insurers with discount auto insurance rates, click here.
Porsche Cayman insurance rates are influenced by…
Consumers need to have an understanding of the different types of things that go into determining the price you pay for auto insurance. Having a good understanding of what determines base rates allows you to make educated decisions that could result in better auto insurance rates.
- Allowing your policy to lapse raises rates – Allowing your coverage to lapse will be a guaranteed way to pay more for auto insurance. And not only will your rates increase, but being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license.You may have to submit proof of financial responsibility or a SR-22 with your state DMV.
- Protect yourself with liability coverage – Liability insurance will protect you when a jury decides you are liable for personal injury or accident damage. It provides you with a defense in court starting from day one. Liability insurance is quite affordable compared to physical damage coverage, so do not skimp.
- How your age affects price – Teenage drivers tend to be more careless behind the wheel so they pay higher auto insurance rates. Adding a young driver onto a policy can break the bank. Older drivers are viewed as being more responsible, tend to file fewer claims and receive fewer citations.
- Where you reside plays a part – Residing in less populated areas can be a good thing when it comes to auto insurance. Fewer drivers means fewer accidents and a lower car theft rate. City drivers have to deal with much more traffic to deal with and longer commutes to work. More time on the road can result in more accidents.
- Performance makes a difference – The type of vehicle you are buying insurance for makes a big difference in your rates. Because the Porsche Cayman is classified as a luxury sports car, insuring your vehicle will cost up to twice as much when compared to the average rates. Small economy passenger cars receive the most favorable rates, but the cost you end up paying is determined by many additional factors.
- Discounts for married couples – Getting married actually saves money when buying auto insurance. Having a significant other usually means you are more mature it has been statistically shown that married drivers get in fewer accidents.
- High crash test scores lower rates – Vehicles with good safety scores get lower rates. The safest vehicles reduce injuries and fewer injuries translates into fewer and smaller insurance claims and lower rates for you. If your Porsche Cayman earned at least four stars on Safercar.gov it is probably cheaper to insure.
There’s no such thing as the perfect policy
When buying the right insurance coverage, there really is no best way to insure your cars. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that can aid in determining if you might need professional guidance.
- If my Porsche Cayman is totaled, can I afford another vehicle?
- Does coverage extend to a rental car in a foreign country?
- Does having multiple vehicles earn me a discount?
- Exactly who is provided coverage by my policy?
- Does my insurance cover my expensive audio equipment?
- Can I rate high risk drivers on liability-only vehicles?
- When does my teenage driver need to be added to my policy?
- How much liability coverage do I need in my state?
- Why am I required to buy high-risk coverage?
- Am I covered if I wreck a rental car?
If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.
More effort can pay off
Affordable Porsche Cayman insurance is possible from both online companies and also from your neighborhood agents, so compare prices from both to have the best chance of lowering rates. Some insurance providers may not provide online price quotes and these small, regional companies work with independent agents.
As you shop your coverage around, never skimp on coverage in order to save money. There are too many instances where an insured dropped full coverage and learned later that their decision to reduce coverage ended up costing them more. The proper strategy is to get the best coverage possible at a price you can afford while not skimping on critical coverages.
