1992 Porsche 968 Insurance Rates – 9 Tricks for Best Quotes

Searching for lower insurance rates for your Porsche 968? Feel like you’re a prisoner to an expensive insurance policy? Trust us, there are lots of people in the same boat. Big-name insurance companies like Allstate, Progressive and Geico increase brand awareness with ad campaigns and consumers find it hard to see past the geckos and flying pigs and effectively compare rates to find the best deal.

It is always a good idea to take a look at other company’s rates as often as possible due to the fact that insurance prices go up and down regularly. Just because you found the best price for 968 coverage a couple years back there may be better deals available now. Forget all the misinformation about insurance because you’re about to learn one of the best ways to save money, get proper deductibles and limits, all at the lowest rate.

If you have a current car insurance policy or need new coverage, you can learn to cut your premiums and possibly find even better coverage. Finding the best rates is not rocket science. Vehicle owners only need to know the most efficient way to compare company rates online.

Get affordable insurance coverage with discounts

Some providers don’t necessarily list the complete list of policy discounts very well, so the following list contains some of the best known in addition to some of the lesser obvious insurance coverage savings.

• Responsible Driver Discount – Insureds who avoid accidents could pay up to 40% less for 968 coverage as compared to drivers with claims.
• Seat Belts Save – Forcing all vehicle occupants to use a seat belt may be able to save a few bucks on the medical payments or PIP coverage costs.
• Discounts for Federal Employees – Active or retired federal employment could cut as much as 10% off for 968 coverage with a few insurance coverage companies.
• Student Driver Training – Require your teen driver to enroll in driver’s education if offered at their school.
• Multi-line Discount – Insurance coverage companies who offer life insurance give a discounted rate on car insurance if you buy life insurance.
• Senior Discount – Mature drivers may qualify for reduced rates for 968 coverage.
• Home Ownership Discount – Just being a homeowner can save you money since home ownership requires a higher level of personal finance.
• First Accident Forgiveness – but some insurance companies will let one accident slide before hitting you with a surcharge as long as you don’t have any claims for a set time period.
• Bundle and Save – If you can combine your homeowners and auto policy with the same insurance company you could get a discount of at least 10% off all policies.

As a disclaimer on discounts, some of the credits will not apply to your bottom line cost. Most only reduce specific coverage prices like medical payments or collision. Even though it appears all those discounts means the company will pay you, companies don’t profit that way.

Companies and some of the discounts are:

• Travelers offers premium reductions for student away at school, multi-policy, save driver, driver training, and payment discounts.
• 21st Century may have discounts that include anti-lock brakes, homeowners, teen driver, driver training, theft prevention, and student driver.
• State Farm has discounts for good driver, good student, safe vehicle, Steer Clear safe driver discount, driver’s education, Drive Safe & Save, and anti-theft.
• Geico may include discounts for good student, air bags, anti-lock brakes, seat belt use, and emergency military deployment.
• SAFECO includes discounts for anti-lock brakes, teen safety rewards, anti-theft, bundle discounts, drive less, and safe driver.
• AAA discounts include multi-car, multi-policy, pay-in-full, education and occupation, and good driver.

Double check with each insurance company which discounts you may be entitled to. Depending on the company, some discounts might not be offered on policies in your area. To view insurance coverage companies who offer insurance coverage discounts, follow this link.

Tailor your auto insurance coverage to you

When it comes to choosing proper insurance coverage, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions can aid in determining whether you could use an agent’s help.

• Should I rate my 1992 Porsche 968 as pleasure use or commute?
• Can I make deliveries for my home business?
• When can I cancel my policy?
• What if I don’t agree with a claim settlement offer?
• Is motorclub coverage worth it?
• Can I rate high risk drivers on liability-only vehicles?
• How can I find cheaper teen driver insurance?
• When would I need additional glass coverage?

If you’re not sure about those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

Well known brands might not be cheapest

Consumers can’t ignore all the ads for cheaper insurance coverage from the likes of Progressive, Geico, Allstate and State Farm. They all seem to try to convey promises that drivers can save some big amount just by moving your coverage.

How does every company have lower policy pricing? It’s all in how they say it.

Insurance companies have a certain “appetite” for the type of customer that is profitable for them. An example of a profitable risk profile might be described as a married male, insures multiple vehicles, and drives less than 5,000 miles a year. Any customer who fits that profile will probably get the lowest car insurance rates and will most likely save when they switch companies.

Insureds who do not match this ideal profile may be required to pay a more expensive rate and this can result in the customer buying from a different company. The ads state “customers who switch” not “everyone that quotes” save that much. That’s the way companies can make those claims.

Because of these techniques, you really need to get price quotes at each policy renewal. You cannot predict which company will have the lowest rate quotes.

Parts of your insurance policy

Having a good grasp of your insurance policy helps when choosing the best coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types found on most insurance policies.

Auto liability

This can cover damage that occurs to other’s property or people that is your fault. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Another option is a combined limit which provides one coverage limit without having the split limit caps.

Liability can pay for things like medical expenses, repair bills for other people’s vehicles and funeral expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Medical costs insurance

Coverage for medical payments and/or PIP pay for expenses such as rehabilitation expenses, X-ray expenses, chiropractic care, nursing services and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers you and your occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Auto collision coverage

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like sustaining damage from a pot hole, hitting a mailbox and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hail damage, a tree branch falling on your vehicle and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Porsche 968.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Buy Smart and Save

When you buy insurance online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where consumers will sacrifice liability coverage limits only to find out that they should have had better coverage. Your strategy should be to purchase plenty of coverage at the best price, but do not skimp to save money.

Some insurance providers don’t offer rates over the internet and these smaller providers only sell through independent insurance agencies. Low-cost 1992 Porsche 968 insurance is definitely available on the web and also from your neighborhood agents, and you need to price shop both to have the best selection.

Much more information about auto insurance is available at the links below

• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• Collision Coverage (Liberty Mutual)
• Young Drivers: The High Risk Years Video (iihs.org)
• Distracted Driving (Insurance Information Insitute)
• Vehicle Insurance (Wikipedia)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)