Cheaper 2008 Porsche Boxster Car Insurance Cost

Are you a victim of an expensive insurance coverage policy? Believe me, there are many people just like you. Many auto insurance companies compete to insure your vehicles, and because of this it can be hard to compare car insurance companies to find the lowest price

If you have a policy now or are just looking to switch companies, you can learn to find the best rates while maintaining coverages. Finding affordable coverage is easy if you know what you’re doing. Vehicle owners just need to understand the tricks to compare company rates online.

You may qualify for discounts

Companies offering auto insurance don’t always advertise the complete list of policy discounts very clearly, so the next list breaks down both the well known as well as some of the hidden insurance coverage savings. If you are not receiving all the discounts available, you are paying more than you should be.

• Bundled Policy Discount – If you have multiple policies and place coverage with the same company you may earn 10% to 20% off each policy.
• Safety Course Discount – Taking time to complete a course in safe driver could possibly earn you a 5% discount depending on where you live.
• Military Discounts – Being deployed with a military unit could trigger a small discount.
• Student Discounts – Performing well in school may save as much as 25% on a car insurance quote. Many companies even apply the discount to college students well after school through age 25.
• Anti-lock Brakes – Anti-lock brake equipped vehicles can stop better under adverse conditions so you can save 10 percent or more.
• Theft Deterent System – Cars and trucks equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and will qualify for a discount on a car insurance quote.
• Telematics Devices – Policyholders that allow their insurance coverage company to monitor their driving habits by installing a telematics device such as State Farm’s In-Drive could save a few bucks if their driving habits are good.
• Paper-free Discount – A few companies will give a small break simply for signing on the internet.
• Memberships – Belonging to specific professional or occupational memberships or organizations could qualify you for a break when shopping for insurance coverage.
• College Student – Youth drivers who are attending college and do not have access to a covered vehicle can receive lower rates.

A quick disclaimer, most credits do not apply to your bottom line cost. The majority will only reduce individual premiums such as comprehensive or collision. So when it seems like you could get a free insurance coverage policy, you aren’t that lucky.

A list of insurance coverage companies and the discounts they provide are:

• American Family offers discounts for good student, multi-vehicle, air bags, defensive driver, bundled insurance, and mySafetyValet.
• Nationwide discounts include easy pay, Farm Bureau membership, good student, defensive driving, accident-free, and multi-policy.
• MetLife may offer discounts for defensive driver, multi-policy, accident-free, claim-free, good student, good driver
• 21st Century includes discounts for anti-lock brakes, 55 and older, good student, driver training, automatic seat belts, and homeowners.
• Farmers Insurance offers premium reductions for electronic funds transfer, youthful driver, switch companies, alternative fuel, pay in full, and good student.
• Allstate may include discounts for senior citizen, good payer, premier plus, passive restraint, EZ pay plan discount, and premier discount.

Double check with every insurance company the best way to save money. Some of the discounts discussed earlier might not be available to policyholders in every state.

The method we recommend to compare insurance rates in your area takes advantage of the fact most of the larger companies pay for the opportunity to quote your coverage. All you need to do is provide information including if you’re married, whether you drive to work or school, the make and model of your vehicles, and if you have a valid license. The rating information is instantly sent to insurance companies and they return rate quotes very quickly.

The Porsche Boxster insurance premium equation

Lots of factors are used when pricing auto insurance. Some are obvious such as your driving history, but some are less obvious such as your marital status or your commute time.

• Stay claim-free and lower premiums – If you frequently file small claims, you can pretty much guarantee either policy cancellation or increased premiums. Car insurance companies generally give discounts to insureds who are not frequent claim filers. Your insurance policy is intended to be relied upon for the large, substantial claims.
• Safer vehicles cost less to insure – Safer cars can get you lower premiums. These vehicles reduce the chance of injuries and fewer injuries translates into savings for insurance companies passed on to you as lower rates.
• Where you reside is a factor – Having an address in less populated areas of the country is a positive aspect when talking about car insurance. Less people living in that area means reduced accidents and lower theft and vandalism rates. Urban drivers have more road rage incidents and much longer commute distances. Spending more time driving statistically corresponds to a higher accident and claim rate.
• Policy add-ons could be costing you – Policies have extra coverages that can add up on your car insurance policy. Add-on coverages like replacement cost coverage, high-cost glass coverage, and term life insurance could be just wasting money. They may seem like a good idea when deciding what coverages you need, but if they’re wasting money think about removing them and cutting costs.
• Bad credit will cost you – A driver’s credit history can be an important factor in determining premium rates. People that have good credit tend to be better drivers and file fewer claims than those with lower credit ratings. If your credit history can use some improvement, you may save money insuring your 2008 Porsche Boxster by repairing your credit.

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

When choosing the right insurance coverage, there is no cookie cutter policy. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out whether you might need professional guidance.

• Am I covered if I hit a deer?
• Am I covered if I drive in a foreign country?
• Am I getting all the discounts available?
• Does my 2008 Porsche Boxster qualify for pleasure use?
• Can I afford to buy a different vehicle if my 2008 Porsche Boxster is totaled?
• Can my babysitter drive my car?
• Does coverage extend to my business vehicle?
• Will my insurance pay for OEM parts?

If you can’t answer these questions, you may need to chat with a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.

Auto insurance coverage basics

Having a good grasp of your policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be confusing and reading a policy is terribly boring. Below you’ll find typical coverage types found on most auto insurance policies.

Liability

This can cover damage or injury you incur to other’s property or people. This coverage protects you from claims by other people. Liability doesn’t 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 commonly see limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as pain and suffering, repair costs for stationary objects, legal defense fees and emergency aid. How much coverage you buy is a personal decision, 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 must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as damage from flooding, hail damage, vandalism and hitting a bird. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for immediate expenses for things like surgery, chiropractic care, prosthetic devices and EMT expenses. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay

Collision coverage

This coverage pays for damage to your Boxster from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like sideswiping another vehicle, crashing into a building, backing into a parked car, damaging your car on a curb and driving through your garage door. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as damage to your Porsche Boxster.

Since a lot of drivers have only the minimum liability required by law, 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. Frequently these limits are set the same as your liablity limits.

And the best car insurance company is…

When buying insurance coverage, it’s very important that you do not skimp on coverage in order to save money. There have been many situations where an insured cut collision coverage and discovered at claim time that the few dollars in savings costed them thousands. The ultimate goal is to purchase a proper amount of coverage at the lowest possible cost.

Some insurance providers may not offer the ability to get quotes online smaller providers only sell through independent insurance agents. Cheaper auto insurance can be purchased both online and from local agencies, and you should compare price quotes from both in order to have the best chance of saving money.

Much more information about auto insurance is available at these links:

• Choosing a Car for Your Teen (State Farm)
• Preventing Carjacking and Theft (Insurance Information Insitute)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)
• Get the Right Protection (InsureUonline.org)
• Prom Night Tips for Teen Drivers (State Farm)