Cheaper 2001 Porsche Boxster Insurance Rates

Did a good deal turn out to be high-priced insurance? Trust us when we tell you you’re not the only one.

Companies like Geico, Progressive and Allstate continually bombard you with TV and radio ads and it can be hard to ignore the propoganda and take the time to shop coverage around.

It’s smart to price shop coverage at least once a year since rates change regularly. Just because you found the best deal on Boxster coverage six months ago you may be paying too much now. Forget all the misinformation about insurance because you’re going to get a crash course in the best methods to lower your annual insurance bill.

Learn how to lower your insurance prices

Many different elements are part of the calculation when you get a price on insurance. Some are obvious such as traffic violations, although some other factors are not quite as obvious such as your marital status or how safe your car is.

• Raise your physical damage deductibles for better costs – Coverage for physical damage, aka comp and collision, is used to repair damage to your Porsche. Some examples of covered claims are a dented fender, hail damage, and damage from a fallen tree branch. Physical damage deductibles define how much you are required to pay if a covered claim is submitted. The more you are required to pay out-of-pocket, the lower your rates will be on Boxster coverage.
• Liability coverage is important – Your policy’s liability coverage will protect you when you are found to be at fault for damages caused by your negligence. Liability insurance provides for a legal defense which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so do not cut corners here.
• Safer vehicles cost less to insure – Safer cars get lower rates. The safest vehicles help reduce the chance of injuries in an accident and reduced instances of injuries means your insurance company pays less and lower rates for you. If your Porsche Boxster has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
• Eliminate unneeded extra policy coverages – There are a lot of add-on coverages that sound like a good idea at the time if you don’t pay attention. Insurance for personal injury protection, high-cost glass coverage, and extra life insurance coverage could be just wasting money. They may sound like good ideas when discussing your needs, but your money might be better spent on other coverage so think about removing them and cutting costs.
• Use but don’t abuse your insurance – Companies generally give the lowest premiums to insureds who file claims infrequently. If you file claims often, you can expect increased rates or even have your policy non-renewed. Auto insurance is intended to be relied upon for larger claims.

Compare quotes for insurance

Effectively comparing insurance prices can be exhausting if you don’t understand the fastest way to get free quotes. You could waste a few hours discussing policy coverages with insurance agencies in your area, or you can stay home and use online quoting to get rate comparisons in just a few minutes.

All the larger companies participate in a marketplace that enables customers to only type in their quote data once, and every company returns a competitive quote for coverage. This saves time by eliminating quote requests to each company. To find out how much you can save on insurance click here to open in new window.

The only drawback to using this type of form is you are unable to specify the insurers to receive prices from. If you wish to select specific providers to compare rates, we have assembled a list of companies who write insurance in your area. Click to view list.

It’s your choice how you get your quotes, but make absolute certain that you use identical coverage limits and deductibles for each quote you get. If the quotes have different deductibles it will be impossible to make an equal comparison. Even a minor difference in limits can result in a big premium difference. And when quoting insurance, remember that comparing more quotes helps locate lower pricing. Some companies don’t provide online quotes, so you also need to get quotes from them as well.

Don’t be fooled by advertising claims

Insurance companies such as Geico, State Farm and Progressive constantly bombard you with ads on television and other media. They all seem to make the promise about how much you will save if you get a free car insurance quote and switch your policy. How can each company have lower policy pricing? It’s all in the numbers.

Different companies have specific guidelines for the type of customer that will not have excessive claims. An example of a preferred risk might have to be a female over age 40, has few claims, and chooses high deductibles. Someone who fits that profile will probably get the lowest premium rates and will also save some money.

People who do not meet these criteria may be forced to pay higher premium rates which results in the customer not buying. If you listen closely, the ads state “drivers that switch” not “everyone that quotes” can save as much as they claim. That’s why insurance companies can state the savings. This really illustrates why you absolutely need to do a quote comparison often. It’s impossible to know which insurance companies will have the lowest prices for your situation.

Lower rate quotes by taking advantage of discounts

Car insurance companies don’t always list the complete list of policy discounts very well, so the next list breaks down some of the best known as well as some of the hidden discounts you could be receiving when you buy car insurance online.

• Accident Forgiveness – Not really a discount, but some companies like Progressive, Allstate, and Liberty Mutual allow you one accident before raising your premiums so long as you haven’t had any claims prior to the accident.
• Drivers Ed for Students – Have your child complete a driver education course if it’s offered in school.
• Pay Now and Pay Less – If paying your policy premium upfront as opposed to paying monthly you may reduce your total bill.
• Discounts for Good Drivers – Insureds without accidents can save as much as half off their rates on Boxster coverage as compared to drivers with claims.
• Safety Restraint Discount – Drivers who require all vehicle occupants to buckle up can save 10% or more on the premium charged for medical payments and/or PIP.
• Club Memberships – Being in a qualifying organization is a good way to get lower rates on your next auto insurance statement.
• Renewal Discounts – A few auto insurance companies offer discounts for renewing your policy prior to your current policy expiring. You can save around 10% with this discount.
• Multiple Vehicles – Buying insurance for multiple cars on one policy qualifies for this discount.
• Student Discounts – This discount can save 20 to 25%. The good student discount can last up to age 25.
• Claim-Free Discount – Drivers who don’t have accidents get the best auto insurance rates when compared to drivers with a long claim history.

Please keep in mind that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce individual premiums such as comp or med pay. So despite the fact that it appears all those discounts means the company will pay you, you won’t be that lucky. Any amount of discount will bring down your auto insurance premiums.

Large auto insurance companies and a selection of discounts include:

• Progressive offers discounts including online signing, good student, homeowner, continuous coverage, multi-policy, and multi-vehicle.
• MetLife policyholders can earn discounts including accident-free, claim-free, defensive driver, good student, multi-policy, and good driver.
• Mercury Insurance discounts include professional/association, annual mileage, good driver, ease of repair, accident-free, and location of vehicle.
• Nationwide has discounts for family plan, Farm Bureau membership, easy pay, business or organization, and anti-theft.
• Geico offers premium reductions for daytime running lights, air bags, anti-theft, good student, membership and employees, multi-policy, and anti-lock brakes.
• AAA offers discounts for pay-in-full, education and occupation, multi-car, AAA membership discount, good driver, multi-policy, and good student.

If you need inexpensive car insurance quotes, ask every insurance company to give you their best rates. Some of the discounts discussed earlier may not apply to policyholders in your area. To find providers who offer free auto insurance quotes, follow this link.

How much auto insurance do I need?

When buying the best auto insurance coverage, there isn’t really a “perfect” insurance plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions may help you determine if your insurance needs would benefit from an agent’s advice.

• Is a blown tire covered by insurance?
• What exactly is covered by my policy?
• I have good health insurance, so how much medical payments coverage do I need?
• Which is better, split liability limits or combined limits?
• Should I waive the damage coverage when renting a car?
• Should I file a claim if it’s only slightly more than my deductible?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area.

Specific coverage details

Understanding the coverages of car insurance helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. These are the normal coverages available from car insurance companies.

Coverage for collisions

This coverage covers damage to your Boxster resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as scraping a guard rail, driving through your garage door and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Another option is to increase the deductible to bring the cost down.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like X-ray expenses, prosthetic devices, doctor visits, EMT expenses and chiropractic care. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and also covers being hit by a car walking across the street. PIP is not universally available but can be used in place of medical payments coverage

Auto liability insurance

Liability insurance provides protection from damage or injury you incur to other people or property in an accident. This coverage protects you from legal claims by others. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability insurance covers claims such as emergency aid, legal defense fees, medical services, repair bills for other people’s vehicles and bail bonds. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Porsche Boxster.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Comprehensive coverages

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as hail damage, a broken windshield, damage from a tornado or hurricane, vandalism and falling objects. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Do the work, save more money

You just read many ideas to reduce 2001 Porsche Boxster insurance auto insurance rates online. The key thing to remember is the more price quotes you have, the higher your chance of finding cheap car insurance. You may be surprised to find that the most savings is with a small local company. Regional companies often have lower premium rates on specific markets compared to the large companies like Progressive or Geico.

When shopping online for car insurance, it’s not a good idea to reduce needed coverages to save money. There have been many cases where an accident victim reduced liability limits or collision coverage and discovered at claim time that the few dollars in savings costed them thousands. Your objective should be to purchase a proper amount of coverage for the lowest price, but do not sacrifice coverage to save money.

Additional articles

• Rollover Crash FAQ (iihs.org)
• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• Drunk Driving Statistics (Insurance Information Insitute)
• Tools for Teen Driving Safety (State Farm)
• Reducing Your Risks in a Car Crash Video (iihs.org)