2012 Porsche Panamera Insurance Cost

Looking for cheaper auto insurance rates? Shoppers have a choice when shopping for the best price on Porsche Panamera insurance. They can either spend hours struggling with agents getting price quotes or use the internet to compare rates. There is a better way to find auto insurance online and we’ll show you the best way to quote coverages on a Porsche and find the lowest price from local insurance agents and online providers.

Car Insurance Comparisons

All major car insurance companies like Allstate, GEICO and Progressive provide coverage price quotes on their websites. Getting online quotes doesn’t take much effort as you just enter your coverage information as detailed in the form. When the form is submitted, the company’s rating system automatically retrieves credit information and your driving record and gives you a price quote.

This simplifies rate comparisons, but the time it takes to visit a lot of sites and fill out multiple forms can get tiresome after awhile. Unfortunately, it is important to do this in order to find the lowest price.

A more efficient way to compare car insurance pricing uses one form that analyzes rates from more than one company. It’s a real time-saver, eliminates form submissions, and makes price shopping online much easier to do. Immediately after submitting the form, it is quoted and you can choose any of the resulting price quotes. If the quotes result in lower rates, it’s easy to complete the application and buy the new coverage. The whole process takes less than 15 minutes and could lower your rates considerably.

If you want to find out how much you can save on car insurance, click here to open in new window and fill out the form. If you have a policy now, it’s recommended that you enter the coverage information as shown on your current policy. Doing this guarantees you’re receiving comparison quotes based on identical coverages.

Are auto insurance companies telling the truth?

Drivers get pounded daily by advertisements for cheaper car insurance from the likes of Allstate, GEICO and Progressive. They all seem to make the same claim that you can save if you switch your coverage to them.

But how can every company say the same thing? It’s all in the numbers.

All the different companies have a preferred profile for the type of driver that is profitable for them. A good example of a profitable customer might be between the ages of 30 and 50, a clean driving record, and has a short commute. A customer who matches those parameters is entitled to the best price and is almost guaranteed to pay quite a bit less when switching companies.

Drivers who don’t measure up to the “perfect” profile will be charged more money and ends up with the customer not buying. Company advertisements say “drivers who switch” not “people who quote” save that kind of money. That’s the way companies can truthfully make those claims. That is why it is so important to get a wide range of price quotes. It’s just too difficult to predict the company that will provide you with the cheapest Porsche Panamera insurance rates.

Porsche Panamera premiums are determined by many factors

Consumers need to have an understanding of the different types of things that help determine the rates you pay for car insurance. Understanding what impacts premium levels helps enable you to make changes that can help you get big savings.

The following are some of the items that factor into your rates.

  • Protect your assets with liability insurance – Liability coverage is the protection if ever a jury decides you are liable for damages from an accident. It provides legal defense coverage which can be incredibly expensive. This coverage is very inexpensive when compared with rates for comp and collision, so do not cut corners here.
  • High deductibles save money – Physical damage deductibles define the amount you are required to spend out-of-pocket if you file a covered claim. Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your car. A few examples of covered claims are running into the backend of another car, vandalism, and rolling your vehicle. The more you have to pay, the lower your rates will be on Panamera insurance.
  • Car features impact rates – Purchasing a vehicle with an alarm system can get you a discount on your car insurance. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping car theft.
  • Bundling policies can get discounts – Some insurers will award you with lower prices to policyholders who have multiple policies with them such as combining an auto and homeowners policy. Discounts can add up to five, ten or even twenty percent. Even with this discount, you still need to compare other company rates to verify if the discount is saving money. Drivers may still find better rates by splitting coverages up.
  • Choose a safe vehicle and save – Vehicles with high crash test scores get lower rates. The safest vehicles protect occupants better and any reduction in injury severity means less money paid by your insurance company and more competitive rates for policyholders. If your Porsche is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.

Get lower rates on Porsche Panamera insurance

Companies that sell car insurance don’t always publicize all available discounts in an easy-to-find place, so the following is a list of both well-publicized and also the lesser-known insurance savings. If they aren’t giving you every credit you deserve, you are throwing money away.

  • College Student – Any of your kids who are attending college and don’t have a car may qualify for this discount.
  • Auto/Home Discount – If you insure your home and vehicles with one company you may save up to 20% off your total premium.
  • Sign Online – A few companies will give a small break just for signing your application online.
  • Student Driver Training – Have your child complete a driver education course in high school.
  • Government Employees – Active or retired federal employment could cut as much as 10% off on Panamera insurance with a few insurance companies.
  • Passive Restraints – Vehicles with factory air bags or motorized seat belts may earn rate discounts of 20% or more.
  • Accident Forgiveness – Some insurance companies allow you one accident before raising your premiums if you are claim-free for a set time period.
  • Homeowners Pay Less – Simply owning a home may earn you a small savings because owning a home is proof that your finances are in order.
  • 55 and Retired – If you’re over the age of 55, you may qualify for reduced rates on Panamera insurance.
  • Claim Free – Drivers who don’t have accidents pay less as compared to frequent claim filers.

Keep in mind that some credits don’t apply to all coverage premiums. Some only reduce the price of certain insurance coverages like comprehensive or collision. So when the math indicates all those discounts means the company will pay you, insurance companies aren’t that generous.

For a list of insurance companies offering insurance discounts, click here.

Tailor your coverage to you

When it comes to choosing proper insurance coverage, there really is no perfect coverage plan. Every insured’s situation is different.

Here are some questions about coverages that might point out if you might need professional guidance.

  • Do I have newly-aquired coverage?
  • What discounts do I qualify for?
  • Do I have coverage when using my vehicle for my home business?
  • Can I afford low physical damage deductibles?
  • How many claims can I have before being cancelled?
  • How do I buy GAP insurance?
  • How can I get my company to pay me more for my totalled car?
  • Does my insurance cover a custom paint job?
  • Should I have a commercial auto policy?
  • Am I covered when delivering products for my home-based business?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form. It only takes a few minutes and you can get the answers you need.

Auto insurance 101

Knowing the specifics of your insurance policy helps when choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Coverage for collisions

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as colliding with a tree, rolling your car and scraping a guard rail. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as surgery, chiropractic care and nursing services. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive protection

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as falling objects, damage from getting keyed, damage from flooding, vandalism and rock chips in glass. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This gives you protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Porsche Panamera.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Auto liability

Liability coverage provides protection from damage or injury you incur to other’s property or people in an accident. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims like legal defense fees, pain and suffering and medical services. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Be a smart shopper

Cheap 2012 Porsche Panamera insurance can be purchased both online in addition to many insurance agents, and you should be comparing both so you have a total pricing picture. A few companies do not provide online price quotes and these small, regional companies work with independent agents.

People who switch companies do it for a number of reasons such as not issuing a premium refund, policy cancellation, extreme rates for teen drivers or even high prices. It doesn’t matter why you want to switch switching auto insurance companies can be pretty painless.

We just presented many ways to lower your insurance rates. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the best price on auto insurance is with some of the lesser-known companies.

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