2007 Porsche Boxster Insurance Cost

Did you come to the realization that you have high-priced auto insurance? It’s a common feeling and there are lots of residents who feel the same. There are many auto insurance companies to choose from, and although it’s nice to have a choice, so many choices can make it hard to compare company pricing.

You should take the time to shop coverage around once or twice a year because auto insurance prices tend to go up over time. If you had the best price for Boxster insurance a few years ago there may be better deals available now. You’ll find quite a bit of inaccurate information about auto insurance out there, but in just a couple of minutes you can learn some great ways to find cheap auto insurance.

The easiest way to compare rate quotes is to know the trick all the major auto insurance companies participate in a system to give free rates quotes. The only thing you need to do is give them some information such as if you are currently licensed, how many miles driven, if the vehicle is leased, and if it has an anti-theft system. That rating information is automatically sent to many of the top insurers and you will receive price estimates very quickly.

Ads can be misleading

Consumers can’t get away from all the ads that promise big savings from companies such as State Farm, Geico and Progressive. They all seem to say the same thing of big savings if you move your coverage to them.

How is it possible that every company can charge you less for auto insurance? This is how they do it.

All companies have specific characteristics for the type of driver that makes them money. An example of this type of insured should be over the age of 45, has few claims, and chooses high deductibles. Anyone who fits those characteristics is entitled to the best price and will probably save if they switch.

Potential customers who are not a match for the “perfect” profile will get more expensive rates which usually ends up with the driver buying from a lower-cost company. If you listen to the ad wording, they say “customers who switch” not “all people who quote” save that kind of money. That is how companies can lure you into getting a quote. Because of the profiling, you really need to get insurance quotes as often as possible. Because you cannot predict which car insurance company will have better prices than you’re paying now.

Informed drivers save more

Smart consumers have a good feel for a few of the rating criteria that come into play when calculating the rates you pay for car insurance. If you have some idea of what positively or negatively impacts your premiums, this allows you to make good choices that could result in better car insurance rates. Many factors are part of the calculation when you quote your car insurance policy. Some are pretty understandable like your driving record, but other factors are more transparent like where you live or your commute time.

• Is your vehicle theft-ready? – Selecting a car model that has an advanced theft prevention system can help bring down rates. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent vehicle theft.
• Which gender costs less? – The statistics show that females take fewer risks when driving. However, this does not mean females are better at driving than males. Both sexes are in fender benders at a similar rate, but the men tend to have more serious accidents. Not only that, but men also get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly. Young men ages 16 to 20 generally have the highest accident percentage and therefore are the most expensive to insure.
• Combine home and auto and save – Most major companies apply a discount for people that have more than one policy in the form of a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even with this discount, it’s still a good idea to compare other insurance prices to make sure you are getting the best deal.
• Drive less and pay lower prices – The higher the miles on your Porsche in a year’s time the higher the price you pay to insure it. Many insurance companies apply a rate determined by how the vehicle is used. Cars and trucks that are left in the garage can get a lower rate than vehicles that are driven to work every day. It’s a smart idea to ensure your car insurance policy shows the correct driver usage. A policy that improperly rates your Boxster can result in significantly higher rates.
• Low stress occupation equals lower prices – Did you know that where you work can have an impact on rates? Careers like fire fighters, social workers and financial analysts have higher rates than average due to intense work-related stress and lots of time spent at work. Other jobs like scientists, engineers and homemakers have lower than average premiums for Boxster insurance.

You may qualify for discounts

Some companies do not advertise all possible discounts in a way that’s easy to find, so the list below details both well-publicized as well as some of the hidden credits available to bring down your rates.

• Bundle and Save – When you have multiple policies with one insurance company you may earn up to 20% and get you the cheapest insurance.
• Defensive Driver Discounts – Participating in a defensive driver course could save 5% or more and make you a better driver.
• ABS Braking Discount – Vehicles with anti-lock braking systems can avoid accidents so companies give up to a 10% discount.
• Passenger Safety Discount – Vehicles equipped with air bags may get savings as much as 30%.
• Theft Prevention Discount – Cars equipped with tracking devices and advanced anti-theft systems can help prevent theft and will qualify for a discount on a insurance quote.
• Accident Free – Insureds with no claims or accidents have much lower rates in comparison to bad drivers.
• Full Payment Discount – If you pay your entire premium ahead of time rather than spreading payments over time you can actually save on your bill.

One thing to note about discounts is that most of the big mark downs will not be given the the whole policy. Most only reduce the price of certain insurance coverages like liability and collision coverage. Despite the appearance that you can get free auto insurance, that’s just not realistic.

To view insurance companies that offer multiple discounts, click here to view.

There’s no such thing as the perfect auto insurance policy

When it comes to choosing the right insurance coverage, there is no perfect coverage plan. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that might help in determining whether you might need an agent’s assistance.

• Am I covered by my spouse’s policy after a separation?
• What is UM/UIM insurance?
• Why am I required to buy high-risk coverage?
• How do I file an SR-22 for a DUI in my state?
• Can I afford low physical damage deductibles?
• Am I covered when driving on a suspended license?
• Where can I get insurance after a DUI in my state?
• Why am I required to buy liability insurance?
• Am I covered when pulling a rental trailer?
• Does my policy cover my teen driver if they drive my company car?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.

Car insurance 101

Having a good grasp of a insurance policy can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. These are typical coverages found on most insurance policies.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like rehabilitation expenses, hospital visits and doctor visits. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants as well as getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Collision coverages – This will pay to fix damage to your Boxster resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like colliding with a tree, colliding with another moving vehicle and rolling your car. This coverage can be expensive, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Auto liability insurance – This will cover injuries or damage you cause to other people or property by causing an accident. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things like loss of income, bail bonds, attorney fees and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.

Comprehensive insurance – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things such as damage from flooding, hail damage, fire damage, vandalism and theft. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

A little work can save a LOT of money

In this article, we covered a lot of information how to shop for 2007 Porsche Boxster insurance online. It’s most important to understand that the more companies you get rates for, the better likelihood of getting the cheapest insurance. You may even discover the lowest priced car insurance comes from a smaller regional carrier. These smaller insurers often have lower rates on specific markets as compared to the big name companies such as State Farm, Geico and Nationwide.

When getting insurance quotes online, you should never sacrifice coverage to reduce premiums. Too many times, an insured cut comprehensive coverage or liability limits only to discover later that the few dollars in savings costed them thousands. Your goal is to purchase a proper amount of coverage at an affordable rate.

Affordable 2007 Porsche Boxster insurance can be sourced online in addition to local insurance agencies, and you should compare price quotes from both to have the best rate selection. Some insurance providers do not offer online price quotes and these regional carriers work with independent agents.

Other information

• Should I Buy a New or Used Car? (Allstate)
• Auto Insurance FAQ (Farmers Insurance)
• Get the Right Protection (InsureUonline.org)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)