Cheaper 2007 Porsche Cayman Insurance Quotes

Online rate comparisons for cheap car insurance might sound like a lofty goal if you are one of the many people new to online price quotes. But don’t be dismayed because finding affordable coverage online is easier than you think.

It’s a good habit to take a look at other company’s rates occasionally because prices are usually higher with each renewal. Just because you found the best rates for Cayman insurance at your last renewal you can probably find a lower rate today. Forget anything you know (or think you know) about insurance coverage because we’re going to show you how to use online quotes to lower your annual insurance bill.

The method we recommend to get policy rate comparisons utilizes the fact most of the larger companies participate in a system to give rate comparisons. To start a quote, the only thing you need to do is give them some information like how you use your vehicles, how much coverage you want, your occupation, and the make and model of your vehicles. That information gets sent immediately to insurance companies and they return cost estimate instantly.

Auto Insurance Discounts

Some companies do not list their entire list of discounts very well, so the list below details some of the best known in addition to some of the lesser obvious discounts you could be receiving when you buy car insurance online.

  • Passenger Safety Discount – Factory options such as air bags and/or automatic seat belt systems may earn rate discounts of 20% or more.
  • Early Payment Discounts – By paying your entire bill at once instead of monthly or quarterly installments you may have a lower total premium amount.
  • Theft Deterent Discount – Cars optioned with advanced anti-theft systems help deter theft and can earn a small discount on your policy.
  • Military Rewards – Having an actively deployed family member may lower your auto insurance rates slightly.
  • Early Renewal Discounts – Some companies provide a discount for signing up prior to the expiration date on your current policy. This discount can save up to 10%.
  • Resident Student – College-age children who attend college more than 100 miles from home and leave their car at home can receive lower rates.
  • Professional Organizations – Joining qualifying employment or professional organizations is a simple method to lower premiums when getting a car insurance quote.
  • Policy Bundle Discount – If you insure your home and vehicles with the same insurance company you could get a discount of 10% to 20% off each policy.
  • Good Students Pay Less – Maintaining excellent grades can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
  • No Accidents – Drivers who stay claim-free have much lower rates when compared with accident-prone drivers.

Don’t be shocked that most discount credits are not given to the entire policy premium. Some only reduce specific coverage prices like liability and collision coverage. So even though they make it sound like it’s possible to get free car insurance, it just doesn’t work that way.

Popular auto insurance companies and some of the premium reductions they offer are:

  • Travelers includes discounts for good student, save driver, payment discounts, multi-policy, and home ownership.
  • 21st Century discounts include anti-lock brakes, air bags, 55 and older, homeowners, automatic seat belts, and theft prevention.
  • State Farm offers discounts for multiple autos, defensive driving training, Steer Clear safe driver discount, multiple policy, and safe vehicle.
  • GEICO policyholders can earn discounts including anti-lock brakes, air bags, multi-policy, good student, federal employee, and seat belt use.
  • SAFECO may offer discounts for drive less, bundle discounts, homeowner, teen safety rewards, teen safe driver, and multi-car.
  • AAA has savings for good driver, AAA membership discount, multi-policy, anti-theft, multi-car, good student, and pay-in-full.

If you want cheap car insurance quotes, ask each company or agent to apply every possible discount. Some of the discounts discussed earlier may not apply to policies in your state. To choose insurance companies that offer some of these discounts, click here.

How to lower your insurance costs

Lots of things are part of the calculation when you quote your car insurance policy. Some of the criteria are obvious like an MVR report, although some other factors are not quite as obvious like your vehicle usage or how financially stable you are.

  • Rate your vehicle for proper use – The more miles you rack up on your Porsche every year the higher your rates will be. A lot of companies calculate prices partially by how you use the vehicle. Vehicles used primarily for pleasure use receive lower rates compared to those used for work or business. Double check that your policy shows the correct driver usage. An improperly rated Cayman can cost quite a bit.
  • High comp and collision deductibles equal low rates – Your deductibles tell how much the insured will be required to pay if a claim is determined to be covered. Protection for physical damage, also called ‘full coverage’, insures against damage to your car. Some examples of covered claims would be rearending another vehicle, damage caused by hail, or theft of your vehicle. The more expense the insured has to pay upfront, the less money you will pay for auto insurance for Cayman insurance.
  • Responsible credit scores equal low premiums – Your credit history is a large factor in determining what you pay. People that have excellent credit scores tend to file fewer claims than drivers who have lower credit ratings. If your credit leaves room for improvement, you could save money insuring your 2007 Porsche Cayman by improving your rating.
  • No insurance claims equals lower rates – If you’re an insured who likes to file claims you should expect increased rates or even have your policy non-renewed. Insurance companies give the best rates to policyholders who are claim-free. Your insurance policy is designed for major claims that would cause financial hardship.
  • Prevent theft and save money – Choosing to buy a car with a theft deterrent system can help lower your premiums. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent auto theft and help lower rates.

Tailor your insurance coverage to you

When it comes to buying coverage for your vehicles, there isn’t really a single plan that fits everyone. Every situation is different.

These are some specific questions might point out if you might need an agent’s assistance.

  • Does insurance cover tools stolen from my truck?
  • What vehicles should carry emergency assistance coverage?
  • Do I have any recourse if my insurance company denies a claim?
  • What discounts do I qualify for?
  • Does car insurance cover theft of personal property?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Are rock chip repairs covered?
  • Are my friends covered when driving my 2007 Porsche Cayman?
  • How can I get high-risk coverage after a DUI?
  • How do I buy GAP insurance?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form.

Do you really save 40% when you switch?

Big name companies like Allstate, GEICO and Progressive continually stream television, radio, and online ads. All the ads make an identical promise that you can save just by moving your policy. That’s great but how can every company sell you cheaper insurance coverage? It’s all in the wording.

Auto insurance companies look for specific characteristics for the right customer that will not have excessive claims. For example, a desirable risk may be a married female, has a clean driving record, and chooses high deductibles. A customer who meets those qualifications receive the lowest rate quotes and will probably pay quite a bit less when switching companies.

Potential customers who do not fit these criteria will get a higher rate which translates to the customer buying from someone else. If you listen to the ad wording, they say “people that switch” not “everyone that quotes” save that kind of money. That’s why companies can truthfully advertise the savings.

Because every company is different, drivers must quote coverage with many companies. It’s not possible to predict with any certainty which company will have the lowest rate quotes.

Information about specific coverages

Understanding the coverages of your insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement.

Auto liability insurance

Liability coverage can cover damage that occurs to a person or their property by causing an accident. It protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like repair costs for stationary objects, loss of income and emergency aid. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Porsche Cayman.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Most of the time these limits are identical to your policy’s liability coverage.

Comprehensive (Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as vandalism, hitting a bird, rock chips in glass, a broken windshield and theft. The maximum payout your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for collisions

This pays for damage to your Cayman resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as scraping a guard rail, colliding with another moving vehicle, hitting a mailbox, rolling your car and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Medical expense insurance

Med pay and PIP coverage provide coverage for bills such as pain medications, rehabilitation expenses, chiropractic care and ambulance fees. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

In any little way, save everyday

People leave their current company for a variety of reasons including poor customer service, policy cancellation, an unsatisfactory settlement offer and delays in paying claims. Regardless of your reason for switching companies, finding a great new company is actually quite simple.

Budget-conscious 2007 Porsche Cayman insurance is possible both online and also from your neighborhood agents, and you need to comparison shop both to have the best rate selection. Some insurance providers do not provide online rate quotes and these regional insurance providers only sell coverage through independent agencies.

As you restructure your insurance plan, never skimp on coverage in order to save money. There have been many cases where an insured dropped physical damage coverage to discover at claim time they didn’t purchase enough coverage. Your objective should be to buy a smart amount of coverage for the lowest cost, but do not sacrifice coverage to save money.

Additional information