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.
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.
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.
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.
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.
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.
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.
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 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.
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