How Much Does 2015 Porsche Panamera Insurance Cost?

Buyers have options when searching for the lowest priced Porsche Panamera insurance. They can either spend hours contacting agents to compare prices or leverage the internet to get rate quotes.

There is a right way and a wrong way to compare car insurance rates so we’re going to tell you the quickest way to quote coverages for a Porsche and get the lowest price.

If you have a policy now or need a new policy, you can use this information to shop for the lowest rates while maintaining coverages. This article will tell you the best way to quote coverages. Consumers just need to learn the most effective way to buy insurance online.

Which Insurance Coverage is Cheapest?

Lowering your 2015 Porsche Panamera insurance coverage rates can be quick and easy. Just take a couple of minutes to compare rate quotes online with multiple companies. This can be accomplished in several different ways.

  • The most efficient way to get the best comparison quotes would be an industry-wide quote request form (click to open form in new window). This easy form prevents you from having to do repetitive form submissions for every insurance coverage company. One quote request will get you rate comparisons from many national carriers. This is by far the quickest method.
  • A more difficult way to shop for insurance coverage online is to manually visit the website for every company you want to comare and request a quote. For example, we’ll pretend you want comparison quotes from USAA, Safeco and State Farm. To get each rate you have to take the time to go to each site to input your insurance information, which is why the first method is quicker. To view a list of companies in your area, click here.

It’s up to you which method you use, but ensure you are comparing the exact same coverage information for every quote you compare. If you enter different limits and deductibles on each one you will not be able to determine which rate is truly the best.

More discounts equal less premium

Insurance can cost an arm and a leg, but companies offer discounts that you may not know about. Most are applied when you complete an application, but a few need to be asked for before you get the savings. If you’re not getting every credit available, you are paying more than you should be.

  • Claim Free – Good drivers with no accidents pay less when compared to frequent claim filers.
  • No Charge for an Accident – Certain companies will allow you to have one accident before raising your premiums so long as you haven’t had any claims prior to the accident.
  • Anti-theft Discount – Vehicles with anti-theft systems prevent vehicle theft and will save you 10% or more.
  • Homeowners Pay Less – Owning a home may earn you a small savings because of the fact that having a home requires personal responsibility.
  • Multi-policy Discount – If you have multiple policies with one company you may save up to 20% off your total premium.
  • Save with a New Car – Buying coverage on a new vehicle is cheaper since new cars are generally safer.

Keep in mind that most discounts do not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like comp or med pay. Even though it may seem like you would end up receiving a 100% discount, it just doesn’t work that way. Any amount of discount will help reduce your premiums.

For a list of providers with discount insurance rates, follow this link.

Pieces of the Porsche Panamera insurance rate puzzle

Smart consumers have a good feel for some of the elements that help determine your auto insurance rates. Understanding what influences your rates empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.

The following are a few of the “ingredients” used by your company to calculate prices.

  • Safer cars are cheaper to insure – Safer cars can get you lower premiums. Safe vehicles reduce injuries and lower injury rates translates into fewer and smaller insurance claims passed on to you as lower rates. If the Porsche Panamera earned at least four stars on or an “acceptable” rating on it is probably cheaper to insure.
  • Your job and insurance rates – Did you know your job can affect your rates? Occupations like judges, business owners and accountants tend to pay higher rates than average due to stressful work requirements and long work days. On the flip side, professions such as pilots, athletes and performers have the lowest average rates on Panamera insurance.
  • More than one policy can earn a discount – Many companies give discounts to insureds who buy several policies from them such as combining an auto and homeowners policy. Discounts can be anywhere from five to ten percent in most cases. Even if you’re getting this discount you still need to comparison shop to confirm you are receiving the best rates possible.
  • Sex matters – The statistics show women tend to be less risk to insure than men. Now that doesn’t mean men are worse drivers. They both cause accidents in similar percentages, but the male of the species tend to have more serious accidents. Men also tend to receive more costly citations such as reckless driving.
  • High deductibles save money – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your Porsche from damage. Examples of covered claims would be a windshield shattered by a rock, damage caused by hail, and burglary. Deductibles for physical damage are the amount of money you are required to spend out-of-pocket if you file a covered claim. The higher the amount you’re willing to pay, the less your auto insurance will be on Panamera insurance.
  • Cautious drivers pay less – A bad driving record impacts your car insurance rates tremendously. Even one ticket can bump up the cost by twenty percent. Drivers who don’t get tickets have lower premiums compared to drivers with tickets. If you have flagrant violations such as DUI or reckless driving may find they need to submit a SR-22 form with their state DMV in order to keep their license.
  • Don’t sacrifice liability coverage – Your policy’s liability coverage will protect you if a court rules you are at fault for damages caused by your negligence. Liability insurance provides legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.

It’s not one size fits all

When it comes to buying adequate coverage, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can help discover whether you could use an agent’s help.

  • What is medical payments coverage?
  • Should I waive the damage coverage when renting a car?
  • Is upholstery damage covered by car insurance?
  • How much underlying liability do I need for an umbrella policy?
  • Is my state a no-fault state?
  • Are split liability limits better than a combined single limit?
  • What is an SR-22 filing?
  • Can my teen drive my company car?
  • Should I have a commercial auto policy?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Save $398 a year. For real?

Drivers can’t get away from ads for car insurance savings from the likes of State Farm, GEICO and Progressive. All the ads make an identical promise about savings after switching your coverage to them.

How do they all say the same thing? It’s all in the numbers.

Insurance companies have a certain “appetite” for the type of customer they prefer to insure. An example of a desirable insured might be between the ages of 30 and 50, a clean driving record, and has excellent credit. A driver that hits that “sweet spot” gets the lowest rates and most likely will cut their rates substantially.

Consumers who fall outside the “perfect” profile will be quoted higher premiums which usually ends up with business going elsewhere. Company advertisements say “customers who switch” but not “drivers who get quotes” save that much money. That is how insurance companies can advertise the savings.

This emphasizes why drivers must get as many quotes as possible. You cannot predict which insurance coverage company will have the lowest Porsche Panamera insurance rates.

Car insurance coverage information

Understanding the coverages of your insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and coverage can change by endorsement.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Porsche Panamera.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Most of the time these limits do not exceed the liability coverage limits.

Liability auto insurance

This protects you from damage that occurs to other people or property by causing an accident. It protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like funeral expenses, medical expenses, legal defense fees and loss of income. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.

Comprehensive coverage

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as hitting a bird, a tree branch falling on your vehicle, a broken windshield, damage from flooding and vandalism. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Auto collision coverage

This coverage will pay to fix damage to your Panamera resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as sustaining damage from a pot hole, crashing into a building, hitting a parking meter and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for immediate expenses for things like ambulance fees, X-ray expenses, nursing services, EMT expenses and hospital visits. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Do the work, save more money

The cheapest 2015 Porsche Panamera insurance is definitely available online and with local insurance agents, and you need to price shop both in order to have the best chance of saving money. A few companies do not offer the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

While you’re price shopping online, it’s a bad idea to skimp on critical coverages to save a buck or two. There are many occasions where an insured dropped uninsured motorist or liability limits and discovered at claim time that the savings was not a smart move. The ultimate goal is to find the BEST coverage at an affordable rate, not the least amount of coverage.

Drivers who switch companies do it for many reasons like delays in responding to claim requests, unfair underwriting practices, poor customer service and questionable increases in premium. Regardless of your reason for switching companies, switching companies can be easy and end up saving you some money.

More detailed insurance coverage information can be read by following these links: