View 2009 Porsche Cayman Insurance Rates

Consumers have lots of choices when looking for affordable Porsche Cayman insurance. They can either spend hours driving around to compare prices or save time using the internet to find the lowest rates. There is a right way and a wrong way to compare auto insurance rates so you’re going to learn the absolute fastest way to quote coverages for your Porsche and locate the lowest price.

You need to price shop coverage yearly because insurance prices change regularly. Just because you had the best price on Cayman insurance two years ago you will most likely find a better rate quote today. Forget anything you know (or think you know) about auto insurance because I’m going to teach you how to use the internet to save on auto insurance.

The most recommended method to get policy rate comparisons is to take advantage of the fact all the major auto insurance companies have advanced systems to quote your coverage. To begin a comparison, all you need to do is spend a couple of minutes providing details including if you have an active license, the type of vehicles you drive, your occupation, and if the car is leased. The rating information is then sent to many highly-rated insurers and you receive quotes with very little delay.

Buyer beware of car insurance advertising tricks

Consumers constantly see and hear ads that claim the cheapest auto insurance rates by companies like State Farm, GEICO and Progressive. All the companies convey the message about how much you will save if you get a free auto insurance quote and switch to their company.

It sounds good, but how can they all make almost identical claims? It’s all in how they say it.

Most companies quote their cheapest rates for the type of insured that makes them money. One example of a profitable insured might be described as over the age of 50, insures multiple vehicles, and has a high credit rating. A driver that hits that “sweet spot” will get the preferred auto insurance rates and will probably save a lot if they switch.

Consumers who fall short of the requirements will see higher premium rates and ends up with the customer not buying. The ads state “people that switch” not “everyone that quotes” save that kind of money. That’s why insurance companies can state the savings. This really drives home the point why you really need to do a price quote comparison at every renewal. Because you cannot predict the company that will provide the lowest premium rates.

Informed consumers can reduce insurance rates

A large part of saving on auto insurance is knowing the factors that go into determining the level of your policy premiums. When consumers understand what positively or negatively impacts your premiums, this helps enable you to make changes that may result in better auto insurance rates.

The itemized list below are some of the factors used by insurance companies to determine premiums.

  • Cheaper premiums with safer cars – Safe vehicles tend to be cheaper to insure. Safe vehicles result in less severe injuries and fewer injuries means lower claim amounts which can result in lower premiums.
  • Rates for guys may be higher – Over the last 30 years, statistics show that females tend to be a little less risky than males. It does not mean females are better at driving than males. Both sexes cause accidents in similar percentages, but the male of the species cause more damage. Men also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly.
  • Prevent your car from being stolen – Choosing a vehicle with a theft deterrent system can save you some money. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder car theft and help bring rates down.
  • Costs impacted by your city – Choosing to live in less populated areas can be a good thing when it comes to auto insurance. Fewer drivers corresponds to lower accident rates and lower theft and vandalism rates. Residents of big cities regularly have more traffic problems and longer commutes to work. More time on the road means more chances of being involved in an auto accident.

Don’t overlook these insurance coverage discounts

Companies offering auto insurance do not list every available discount in an easy-to-find place, so the below list has both well-publicized and also the more inconspicuous credits available to you.

  • Pay Upfront and Save – By making one initial payment instead of monthly or quarterly installments you could save 5% or more.
  • Club Memberships – Being a member of a professional or civic organization could trigger savings on insurance coverage.
  • Discount for Good Grades – Excelling in school may save as much as 25% on a auto insurance quote. Earning this discount can benefit you well after school through age 25.
  • Discounts for Government Workers – Federal government employees can save as much as 8% on Cayman insurance depending on your insurance coverage provider.
  • E-sign Discounts</strong – Many insurance coverage companies provide a small discount for buying your policy on your computer.
  • Telematics Devices – Drivers that enable data collection to scrutinize when and where they use their vehicle by using a small device installed in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive may get a rate reduction as long as the data is positive.

One thing to note about discounts is that most credits do not apply to the overall cost of the policy. Most only reduce specific coverage prices like comp or med pay. Even though the math looks like all those discounts means the company will pay you, insurance companies wouldn’t stay in business. Any qualifying discounts will help lower your policy cost.

Popular insurance coverage companies and the discounts they provide are detailed below.

  • Progressive has discounts for homeowner, online quote discount, good student, continuous coverage, online signing, multi-policy, and multi-vehicle.
  • The Hartford policyholders can earn discounts including good student, defensive driver, air bag, driver training, vehicle fuel type, bundle, and anti-theft.
  • Mercury Insurance includes discounts for professional/association, accident-free, multi-car, low natural disaster claims, and good student.
  • GEICO offers discounts including good student, daytime running lights, military active duty, emergency military deployment, air bags, and seat belt use.
  • AAA may include discounts for pay-in-full, multi-car, good driver, AAA membership discount, and multi-policy.
  • State Farm offers discounts for good driver, Steer Clear safe driver discount, defensive driving training, Drive Safe & Save, multiple policy, and passive restraint.

Double check with each company which discounts you may be entitled to. Depending on the company, some discounts might not be offered in your area. To locate insurance companies with the best discounts, click this link.

When to get professional advice

When it comes to buying the right insurance coverage for your vehicles, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s.

These are some specific questions can aid in determining whether or not you might need professional guidance.

  • If my pet gets injured in an accident are they covered?
  • Is my camper covered by my car insurance policy?
  • Are my tools covered if they get stolen from my vehicle?
  • Are my friends covered when driving my 2009 Porsche Cayman?
  • Why do I need rental car insurance?
  • Is my nanny covered when driving my vehicle?
  • Is a fancy paint job covered?
  • How high should my medical payments coverage be?
  • Is upholstery damage covered by car insurance?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form. It only takes a few minutes and may give you better protection.

What car insurance coverages do you need?

Learning about specific coverages of your car insurance policy aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like ambulance fees, X-ray expenses, doctor visits, hospital visits and funeral costs. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. PIP is not available in all states but can be used in place of medical payments coverage

Collision insurance

This pays for damage to your Cayman resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like colliding with a tree, scraping a guard rail, crashing into a ditch, rolling your car and backing into a parked car. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Comprehensive or Other Than Collision

Comprehensive insurance 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 pays for things such as damage from getting keyed, fire damage, hitting a deer and a tree branch falling on your vehicle. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

UM/UIM Coverage

This 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 and damage to your Porsche Cayman.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability auto insurance

Liability insurance will cover damages or injuries you inflict on other people or property that is your fault. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as emergency aid, loss of income and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but consider buying higher limits if possible.

Make a quick buck

When trying to cut insurance costs, it’s not a good idea to skimp on coverage in order to save money. In many cases, an insured cut physical damage coverage to discover at claim time that they should have had better coverage. The aim is to purchase plenty of coverage at the best price and still be able to protect your assets.

The cheapest 2009 Porsche Cayman insurance can be bought on the web and with local insurance agents, so you need to shop auto insurance with both so you have a total pricing picture. There are still a few companies who may not provide rates over the internet and most of the time these smaller companies work with independent insurance agencies.

In this article, we covered a lot of ways to get a better price on 2009 Porsche Cayman insurance. The key thing to remember is the more quotes you get, the better your comparison will be. You may even find the best rates are with some of the smallest insurance companies.

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Comments About 2009 Porsche Cayman Insurance

  1. Antoinette Silva

    I’m from Portland, OR. Compared rates from a lot of places. Saved roughly $50 a month. Allstate was the cheapest for me. Left State Farm to switch. It’s easy to compare rates online now.

  2. Carissa Duncan

    I live in Worcester, MA. Got free quotes online for a 2009 Porsche Cayman. Ended up at about $170 savings annually. Went with GEICO.

  3. Miles Serrano

    What does medical payments cover?

  4. Della Fitzgerald

    Good detail in your article. Went with USAA for my Porsche and cut my rates about $320 a year. Good multi-policy discounts.

  5. Tenesha Gallagher

    Is Progressive or Allstate cheaper in Rutland, VT?

  6. Dallas Stanton

    2009 Porsche Cayman + State Farm = GOOD RATES!

  7. Major Weber

    If you have a clean record and live in the vicinity of Tulsa, Oklahoma, check out 21st Century. They seem to be cheaper.

  8. Donette Irwin

    IMHO Nampa, Idaho seems to have good rates from GEICO.

  9. Shawnna Puckett

    Enjoyed the article. I live in Overland Park, Kansas. I don’t recall every quote but I ended up saving about $50 each month. They have free quotes online.