How Much Does 2002 Porsche Boxster Insurance Cost?

Searching for the lowest cost car insurance might appear rather difficult for drivers that are not comfortable with quoting and comparing and buying car insurance on the internet. With such a large choice of companies in the marketplace, how can anyone have time to compare every company to locate the best price?

It’s a good habit to quote other rates periodically since insurance prices are rarely the same from one policy term to another. Just because you found the best price for Boxster coverage at your last renewal other companies may now be cheaper. There is a lot of bad advice regarding car insurance on the internet, but in a few minutes you can learn the easiest ways to save money.

Finding affordable coverage is easy if you know what you’re doing. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these techniques. Although drivers should learn how companies determine prices and use this information to your advantage.

The quickest way to compare car insurance company rates is to realize all the major auto insurance companies have advanced systems to provide you with free rate quotes. The only thing you need to do is give the companies some data including an estimate of your credit level, if you are currently licensed, the ages of drivers, and if the vehicle is leased. Your information is instantly sent to many highly-rated insurers and they respond with quotes with very little delay.

If you wish to get multiple quotes for your car now, click here and enter the information requested.

Take advantage of every car insurance discount

Companies offering auto insurance don’t necessarily list every policy discount in a way that’s easy to find, so the following list contains some of the more common and the more hidden discounts that you can inquire about if you buy insurance online.

• Federal Employees – Active or retired federal employment can earn a discount up to 10% for Boxster coverage with a few car insurance companies.
• Sign Early and Save – Some companies give discounts for switching to them prior to the expiration date on your current policy. You can save around 10% with this discount.
• Safe Driver Discount – Drivers who avoid accidents can save as much as half off their rates for Boxster coverage than less cautious drivers.
• Life Insurance Discount – Select insurance carriers reward you with a break if you buy auto and life insurance together.
• Discount for New Cars – Putting insurance coverage on a new car can save up to 30% compared to insuring an older model.

Policy discounts save money, but most discount credits are not given to the entire policy premium. The majority will only reduce specific coverage prices like medical payments or collision. Despite the fact that it seems like it’s possible to get free car insurance, it doesn’t quite work that way.

Larger car insurance companies and some of the discounts are shown below.

• American Family may include discounts for mySafetyValet, TimeAway discount, good student, accident-free, Steer into Savings, and early bird.
• State Farm offers discounts for defensive driving training, good driver, accident-free, student away at school, good student, and Steer Clear safe driver discount.
• 21st Century discounts include early bird, anti-lock brakes, student driver, driver training, teen driver, and 55 and older.
• Travelers includes discounts for early quote, multi-car, multi-policy, continuous insurance, payment discounts, IntelliDrive, and hybrid/electric vehicle.
• Geico has discounts for anti-lock brakes, membership and employees, emergency military deployment, multi-policy, air bags, multi-vehicle, and daytime running lights.

When getting a coverage quote, ask each company or agent which discounts they offer. Some discounts listed above might not be available to policyholders in your area. To find providers that provide some of the discounts listed above, click this link.

How to know if you need help

When it comes to choosing adequate coverage for your vehicles, there really is not a perfect coverage plan. Everyone’s situation is a little different.

These are some specific questions could help you determine if you would benefit from professional advice.

• Am I covered when driving someone else’s vehicle?
• Is my dog or cat covered if injured in an accident?
• Where can I get insurance after a DUI in my state?
• Should I put collision coverage on all my vehicles?
• What is the minimum liability in my state?
• Does my insurance cover my expensive audio equipment?
• Should I carry comprehensive and collision coverage?
• Am I covered by my spouse’s policy after a separation?
• Is my nanny covered when driving my vehicle?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form.

Lower your insurance rates

When buying insurance coverage it’s important to understand some of the things that come into play when calculating the rates you pay for insurance coverage. When consumers understand what determines premiums, this enables you to make decisions that could help you find lower premium levels. Lots of factors are taken into consideration when premium rates are determined. Some factors are common sense such as your driving record, but other factors are not quite as obvious such as your credit history or how safe your car is.

Listed below are a few of the “ingredients” utilized by car insurance companies to help set premiums.

• Limits of liability – Your insurance coverage policy’s liability coverage will protect you when you are determined to be liable for physical damage or personal injury to other. This coverage provides for a legal defense which can cost thousands of dollars. Liability insurance is pretty cheap as compared to coverage for physical damage, so do not cut corners here.
• Single drivers may pay more – Your spouse helps lower the price on your insurance coverage bill. Having a spouse translates into being more responsible and insurance companies reward insureds because drivers who are married file infrequent claims.
• Urban residents pay more – Being located in less populated areas has definite advantages when it comes to insurance coverage. Less people translates into fewer accident claims and a lower car theft rate. Urban drivers tend to have traffic congestion and longer commutes to work. More time on the road means higher likelihood of an accident.
• Do you know you’re credit history? – Credit score is a big factor in calculating your insurance coverage rates. If your credit is not that good, you could pay less to insure your 2002 Porsche Boxster by improving your credit score. Insureds that have excellent credit tend to file fewer claims and have better driving records than drivers with poor credit scores.
• Small claims can cost you – Car insurance companies provide lower rates to people who do not rely on their insurance for small claims. If you file a lot of claims you can definitely plan on much higher rates or policy non-renewal. Your insurance policy is meant to be used in the event of more catestrophic claims.
• Policy add-ons could be costing you – There are quite a few add-on coverages that can waste your money if you aren’t careful. Add-on coverages like coverage for rental cars, accidental death, and extra equipment coverage are probably not needed. You may think they are a good idea when deciding what coverages you need, but if you have no use for them eliminate them to save money.

Don’t believe everything you hear

Popular auto insurance providers such as Progressive, Geico, Allstate and State Farm regularly use television, radio, and online ads. They all seem to tend to make the same promise that you’ll save big if you get a free insurance quote and switch your auto insurance coverage to their company. How does each company cost less than your current company?

Different companies have specific guidelines for the type of customer that will add to their bottom line. A good example of this type of risk profile could possibly be between 30 and 50, has no prior claims, and drives less than 10,000 miles a year. Anybody that hits that “sweet spot” will get very good premium rates and as a result will probably pay quite a bit less when switching companies.

Consumers who don’t measure up to those criteria will have to pay higher premium rates and business not being written. The ad wording is “customers who switch” but not “everyone who gets a quote” save that much when switching. That is how companies can truthfully claim big savings. Because of these techniques, drivers must do a price quote comparison at every renewal. You cannot predict the company that will have the best premium rates at this point in time.

Specific coverage details

Having a good grasp of auto insurance helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Medical expense coverage – Medical payments and Personal Injury Protection insurance provide coverage for expenses for dental work, surgery, pain medications and nursing services. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage – This coverage covers damage to your Boxster from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims like colliding with another moving vehicle, driving through your garage door, sideswiping another vehicle, rolling your car and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to increase the deductible to get cheaper collision coverage.

Uninsured or underinsured coverage – Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Porsche Boxster.

Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Coverage for liability – This coverage protects you from damages or injuries you inflict on other people or property that is your fault. It protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability insurance covers claims such as pain and suffering, bail bonds, attorney fees, medical services and loss of income. How much liability should you purchase? That is a decision to put some thought into, but consider buying as much as you can afford.

Comprehensive protection – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as hail damage, hitting a bird, damage from getting keyed, theft and vandalism. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Spend less. Save more.

When searching for cheaper insurance quotes, it’s not a good idea to buy poor coverage just to save money. In too many instances, someone dropped liability limits or collision coverage and found out when filing a claim that it was a big mistake. Your strategy should be to buy a smart amount of coverage for the lowest price, but do not sacrifice coverage to save money.

Budget-friendly auto insurance is available from both online companies as well as from insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers may not provide price quotes online and many times these smaller providers work with independent insurance agents.

Drivers switch companies for a variety of reasons including unfair underwriting practices, an unsatisfactory settlement offer, high prices and extreme rates for teen drivers. No matter why you want to switch, finding a great new company is pretty simple and you could end up saving a buck or two.

For more information, take a look at the resources below:

• How to Avoid Common Accidents (State Farm)
• How do I File a Claim? (Insurance Information Insitute)
• Young Drivers: The High Risk Years Video (iihs.org)
• Auto Theft Statistics (Insurance Information Insitute)
• Older Drivers FAQ (iihs.org)
• Collision Insurance Coverage (Nationwide)