Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Trust us when we tell you many consumers are feeling buyer’s remorse and feel like there’s no way out.
Big-name insurance companies like State Farm and GEICO persitently shower you with catchy ads and consumers find it hard to avoid their marketing magic and do the work needed to find the best deal.
It’s a good idea to shop coverage around periodically because prices trend upward over time. Just because you had the best rates for Boxster insurance two years ago there is a good chance you can find better rates now. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to how to quote online to eliminate unnecessary coverages and save money.
If you currently have car insurance, you will be able to lower your premiums substantially using this strategy. Buying car insurance is not that difficult. But vehicle owners need to learn the way companies market insurance on the web and apply this information to your search.
An important part of buying insurance is that you know the rating factors that play a part in calculating the rates you pay for insurance coverage. Understanding what controls the rates you pay allows you to make educated decisions that will entitle you to big savings.
Performing a rate comparison can take hours if you don’t understand the best way to get rate quotes. You can waste a lot of time discussing policy coverages with insurance companies in your area, or you can stay home and use the internet for quick rates.
Most of the larger companies take part in a program that allows shoppers to enter their coverage request one time, and at least one company can provide price quotes. This eliminates the need for repetitive form submissions for each company you want a rate for.
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The single downside to doing it this way is buyers cannot specifically choose which carriers to get quotes from. If you prefer to choose specific insurance companies to compare rates, we have assembled a list of low cost auto insurance companies in your area. Click here for list of insurance companies.
Whichever way you use, make sure you use the exact same coverage limits for each price quote. If your comparisons have mixed coverages then you won’t be able to determine the lowest rate for your Porsche Boxster. Slightly different coverage limits can mean a large discrepancy in price. Just remember that more quotes will increase your chances of finding a lower rate.
State Farm, GEICO and Progressive regularly use ads in print and on television. All the companies say the same thing about savings if you move to them. How do they all say the same thing?
All companies are able to cherry pick for the type of customer that earns them a profit. For instance, a profitable customer could be between 25 and 40, has no tickets, and has a short commute. A propective insured that hits that “sweet spot” will get very good rates and is almost guaranteed to pay quite a bit less when switching companies.
Consumers who are not a match for the “perfect” profile will be quoted higher prices which leads to the customer not buying. The ads state “customers who switch” not “everyone that quotes” save money. That is how companies can make those claims.
This emphasizes why you absolutely need to get as many comparisons as possible. It is impossible to predict which company will have the lowest Porsche Boxster insurance rates.
Insurance can cost an arm and a leg, but you may find discounts that can drop the cost substantially. Some trigger automatically at quote time, but a few must be specially asked for before you will receive the discount.
Consumers should know that some of the credits will not apply the the whole policy. Some only reduce the price of certain insurance coverages like comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, it just doesn’t work that way. Any qualifying discounts will help reduce your overall premium however.
Companies that possibly offer these benefits are:
Before buying, ask each company which discounts you may be entitled to. Discounts may not apply everywhere.
When choosing proper insurance coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that can aid in determining whether or not you may require specific advice.
If it’s difficult to answer those questions then you might want to talk to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier
Learning about specific coverages of your policy can be of help when determining appropriate coverage for your vehicles. Policy terminology can be confusing and coverage can change by endorsement. These are the usual coverages offered by insurance companies.
Collision coverage covers damage to your Boxster resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as hitting a mailbox, driving through your garage door and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as doctor visits, pain medications and dental work. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage
This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive insurance covers claims such as a broken windshield, hitting a deer, theft, damage from getting keyed and hitting a bird. The maximum payout 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.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your 2013 Porsche Boxster.
Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Most of the time the UM/UIM limits are set the same as your liablity limits.
Liability insurance will cover injuries or damage you cause to other’s property or people in an accident. It protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.
Liability coverage protects against claims such as legal defense fees, repair costs for stationary objects, attorney fees, court costs and loss of income. The amount of liability coverage you purchase is up to you, but you should buy as large an amount as possible.
In this article, we covered a lot of ways to lower your 2013 Porsche Boxster insurance rates. The most important thing to understand is the more companies you get rates for, the better your chances of lowering your rates. You may be surprised to find that the best price on insurance is with an unexpected company. These companies may only write in your state and offer lower rates compared to the large companies like GEICO and State Farm.
When buying insurance coverage, do not skimp on coverage in order to save money. There are too many instances where an insured cut liability limits or collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to get the best coverage possible for the lowest price.
Affordable insurance is attainable from both online companies as well as from independent agents, and you need to price shop both to have the best selection. Some insurance providers don’t offer you the ability to get quotes online and these small, regional companies work with independent agents.
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