1994 Porsche 928 Insurance Rates – 10 Policy Discounts

Paying for high-priced Porsche 928 insurance can draw down your funds and make it impossible to make ends meet. Doing a rate analysis is an excellent way to ensure you are getting the best deal.

Drivers have multiple insurance companies to buy insurance from, and although it’s nice to have multiple companies, it can be more difficult to get the best deal.

It’s a great practice to quote other rates before your next renewal due to the fact that insurance prices are rarely the same from one policy term to another. Just because you had the best deal for 928 insurance six months ago you can probably find a better rate quote now. Ignore everything you know about car insurance because you’re about to learn the best methods to reduce your cost while increasing coverage.

Choosing the best insurance company for you is easy if you know what you’re doing. If you currently have a car insurance policy, you will be able to reduce your rates substantially using these tips. Vehicle owners only need to know the tricks to compare company rates on the web.

Do you qualify for these ten discounts?

Insurance can cost an arm and a leg, but you may be missing some discounts to reduce the price significantly. Some of these disounts will be visible when you complete an application, but a few must be requested specifically before you get the savings.

• Discounts for Multiple Vehicles – Buying coverage for several vehicles on one policy can reduce the rates for all insured vehicles.
• Drivers Ed for Students – Require your teen driver to sucessfully take a drivers education course as it can save substantially.
• Bundle and Save – If you combine your auto and homeowners policies and insure them with the same company they may give you a discount of up to 20% and get you cheap insurance coverage.
• Discounts for Seat Belt Usage – Buckling up and requiring all passengers to buckle up can save up to 15% off the personal injury premium cost.
• Safety Course Discount – Taking part in a course teaching safe driver skills is a good idea and can lower rates and make you a better driver.
• ABS and Traction Control Discounts – Cars, trucks, and SUVs with ABS braking systems or traction control can stop better under adverse conditions and qualify for as much as a 10% discount.
• Lower Rates for Military – Being deployed in the military may lower your premium rates slightly.
• Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn lower insurancerates if you buy life insurance.
• Distant Student Discount – Youth drivers who are attending college and do not have a car may be able to be covered for less.
• Homeowners Savings – Owning a house can earn you a little savings since home ownership is proof that your finances are in order.

You should keep in mind that most discount credits are not given to all coverage premiums. Most only cut the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

To view insurance companies who offer online insurance quotes, click this link.

Don’t assume everyone needs the same insurance coverage coverage

When it comes to choosing coverage for your personal vehicles, there isn’t really a cookie cutter policy. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions can aid in determining whether you would benefit from an agent’s advice.

• When should I remove comp and collision on my 1994 Porsche 928?
• Do I need PIP coverage since I have good health insurance?
• Will my vehicle be repaired with OEM or aftermarket parts?
• What exactly is covered by my policy?
• Why am I be forced to buy a membership to get insurance from some companies?
• How high should my uninsured/underinsured coverage be in my state?
• Am I covered if I break a side mirror?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance coverage companies in your area. It is quick, free and may give you better protection.

Can switching companies really save?

Consumers can’t get away from ads that promise big savings for switching from the likes of State Farm, Geico and Progressive. They all seem to try to convey promises about saving some big amount just by moving to their company.

How do they all make the same claim? This is the way they can do it.

Companies give the best rates for the type of insured that earns them a profit. For instance, a profitable customer might have to be a female over age 40, has no tickets, and drives a safe vehicle. Anybody who matches those parameters will probably get the lowest rates and have a good chance to save some money.

Drivers who cannot meet those criteria will be quoted higher premium rates with the end result being the customer not buying. The ad wording is “customers that switch” not “everyone that quotes” save that kind of money. That’s why companies can make the claims of big savings. Because of these techniques, you should do a quote comparison often. Because you cannot predict which car insurance company will have the lowest rates.

Insurance policy coverages for a 1994 Porsche 928

Learning about specific coverages of a insurance policy can help you determine the right coverages for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverage types available from insurance companies.

Liability auto insurance – This coverage provides protection from injuries or damage you cause to people or other property that is your fault. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability can pay for things like pain and suffering, attorney fees and bail bonds. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford.

Uninsured and underinsured coverage – This coverage provides protection when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family and also any damage incurred to your 1994 Porsche 928.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Collision – This pays for damage to your 928 resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like damaging your car on a curb, hitting a mailbox, sustaining damage from a pot hole and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.

Coverage for medical payments – Coverage for medical payments and/or PIP kick in for immediate expenses for chiropractic care, surgery, X-ray expenses, pain medications and nursing services. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. They cover all 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

Comprehensive coverages – This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as fire damage, vandalism and damage from getting keyed. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Buy Smart and Save

Cost effective 1994 Porsche 928 insurance can be bought both online and also from your neighborhood agents, so you should compare both to get a complete price analysis. Some companies don’t offer online price quotes and these regional insurance providers work with independent agents.

In this article, we covered many ways to compare 1994 Porsche 928 insurance prices online. The key concept to understand is the more rate comparisons you have, the better chance you’ll have of finding cheap insurance coverage. Consumers may even find the best prices are with a lesser-known regional company. Some small companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate, Geico and Progressive.

Even more information can be read in the articles below:

• Prepare your Teens for Safe Driving (InsureUonline.org)
• Vehicle Insurance in the U.S. (Wikipedia)
• A Tree Fell on Your Car: Now What? (Allstate)
• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)