Save on 2013 Porsche Panamera Insurance Quotes

Trying to find low-cost insurance for a Porsche Panamera can normally be an all-consuming task, but you can use our auto insurance buying tips to make it easier. There is a better way to compare auto insurance rates and you need to know the quickest way to compare rates for your Porsche and obtain the lowest price from local insurance agents and online providers.

It’s a good habit to quote other rates at least once a year since prices trend upward over time. Just because you had the lowest price on Panamera coverage at your last renewal you may be paying too much now. Forget anything you know (or think you know) about auto insurance because you’re about to learn the best methods to find better rates and still maintain coverage.

If you have a current insurance policy or are looking for a new policy, you can use these tips to shop for the lowest rates while maximizing coverage. Shopping for cheaper insurance can be fairly easy. Drivers just need to learn the best way to compare company rates over the internet.

The quickest method we recommend to compare car insurance rates is to know most larger insurance companies will pay a fee to provide you with a free rate quote. To start a quote, the only thing you need to do is spend a couple of minutes providing details such as the type of vehicles you drive, any included safety features, if you went to college, and what your job is. Those rating factors is sent automatically to insurance companies and you should receive rate quotes with very little delay.

To compare rates for your 2013 Porsche Panamera now, click here and find out if lower rates are available.

Lower rate quotes with these car insurance discounts

Auto insurance companies don’t always publicize their entire list of discounts very well, so we took the time to find some of the more common and also the more inconspicuous discounts that you may qualify for.

• Savings for New Vehicles – Adding a new car to your policy is cheaper since new vehicles are generally safer.
• Seat Belt Usage – Using a seat belt and requiring all passengers to use their safety belts can save up to 15% on the premium charged for medical payments and/or PIP.
• Student Discount for Driver Training – Have your child enroll and complete driver’s education as it can save substantially.
• Paper-free Discount – Some car insurance companies will discount your bill up to fifty bucks for buying your policy digitally online.
• Auto/Home Discount – If you can bundle your auto and home insurance and place coverage with the same company you could get a discount of up to 20% and get you low cost insurance coverage.
• No Charge for an Accident – Not a discount per se, but some companies like Liberty Mutual and Geico permit an accident without the usual rate increase as long as you don’t have any claims for a specific time period.
• Early Payment Discounts – If you can afford to pay the entire bill rather than paying monthly you may reduce your total bill.
• Discounts for Government Workers – Having worked for a branch of the government can earn a discount up to 10% on Panamera coverage with a few car insurance companies.
• Home Ownership Discount – Just being a homeowner can save you money because owning a home shows financial diligence.

Discounts reduce rates, but you should keep in mind that most credits do not apply the the whole policy. Some only apply to individual premiums such as comp or med pay. Despite the appearance that adding up those discounts means a free policy, nobody gets a free ride.

Some of the insurance companies that possibly offer most of these discounts are:

• Geico
• Mercury Insurance
• Farmers Insurance
• Auto-Owners Insurance
• Liberty Mutual
• SAFECO
• Progressive
• USAA

It’s a good idea to ask each insurance company which credits you are entitled to. Some discounts listed above might not apply in your area.

Learn how to lower your insurance prices

Multiple criteria are part of the calculation when premium rates are determined. Some of the criteria are obvious like an MVR report, but other factors are less apparent such as your credit history or how safe your car is.

• Advanced alarms and GPS tracking – Buying a car that has an advanced theft prevention system can earn a premium discount. Anti-theft features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping auto theft and help lower rates.
• What are good liability coverage limits? – Liability insurance will afford coverage if ever a jury decides you are liable for damages caused by your negligence. This coverage provides legal defense which can be incredibly expensive. This coverage is relatively inexpensive compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
• Cheaper to insure gals? – Statistics show that women are safer drivers than men. It does not mean women are BETTER drivers than men. Both sexes cause auto accidents at about the same rate, but guys have costlier accidents. Not only are claims higher, but men get higher numbers of serious violations like driving under the influence (DUI). Male drivers age 16 to 19 are most likely to cause an accident and are penalized with high insurance rates.
• Do you know you’re credit score? – Having a bad credit score is likely to be a major factor in determining what you pay for insurance. Drivers who have good credit tend to be less risk to insure than those with worse credit. If your credit rating is lower than you’d like, you could pay less to insure your 2013 Porsche Panamera if you clean up your credit.
• Location can affect price – Being located in smaller towns and rural areas of the country may provide you with better prices when talking about insurance. City drivers have congested traffic and much longer commute distances. Fewer people translates into fewer accidents in addition to lower liability claims

Auto insurance can get complicated

When buying coverage, there isn’t really a best way to insure your cars. Everyone’s situation is a little different.

For instance, these questions can help discover whether you could use an agent’s help.

• Am I covered if my car is in a flood?
• How much liability do I need to cover my assets?
• Does liability extend to a camper or trailer?
• Will my rates increase for filing one claim?
• Can I afford low physical damage deductibles?
• Which is better, split liability limits or combined limits?
• I have a DUI can I still get coverage?
• Do I need medical payments coverage since I have good health insurance?
• How many claims can I have before being cancelled?

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form. It only takes a few minutes and can help protect your family.

Insurance coverage advertising gotchas

Consumers can’t get away from ads for cheaper insurance coverage by companies like State Farm, Geico and Progressive. They all make the point that drivers can save some big amount if you switch your policy.

How does every insurance coverage company charge less that you’re paying now? This is how they do it.

Insurance coverage companies offer their best rates for the type of customer that makes them money. A good example of a profitable risk profile could possibly be a female over age 40, has no prior claims, and drives a vehicle with a low ISO rating. Any new insured that fits those parameters will get the preferred premium rates and is almost guaranteed to cut their rates if they switch.

People who may not quite match these stringent criteria may be required to pay a higher rate which translates to business going elsewhere. Company advertisements say “customers who switch” but not “everyone who gets a quote” can get the lowest rates when switching. That’s why insurance companies can confidently make claims like that. Because every company is different, it’s extremely important to do a price quote comparison at every renewal. It is impossible to predict which insurance coverage company will provide you with the cheapest car insurance rates.

Educate yourself about car insurance coverages

Having a good grasp of car insurance can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be confusing and reading a policy is terribly boring.

Collision coverages – Collision insurance will pay to fix damage to your Panamera resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as colliding with another moving vehicle, crashing into a building, damaging your car on a curb and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible to bring the cost down.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as nursing services, funeral costs and rehabilitation expenses. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available and may carry a deductible

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as damage to your Porsche Panamera.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as a broken windshield, rock chips in glass, damage from a tornado or hurricane, hitting a bird and fire damage. The highest 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 dropping full coverage.

Liability auto insurance – Liability insurance will cover injuries or damage you cause to other’s property or people that is your fault. It protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims like medical services, court costs, repair costs for stationary objects and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.

Affordable insurance is out there

We covered some good ideas how to get a better price on 2013 Porsche Panamera insurance. The key thing to remember is the more price quotes you have, the higher your chance of finding low cost insurance coverage. Consumers could even find that the biggest savings come from an unexpected company.

Insureds switch companies for any number of reasons including policy cancellation, extreme rates for teen drivers, high rates after DUI convictions or delays in responding to claim requests. Whatever your reason, finding a new company is pretty easy and you might even save some money in the process.

Cheap 2013 Porsche Panamera insurance is attainable both online and from local agencies, so you should be comparing quotes from both to have the best chance of lowering rates. There are still a few companies who do not provide the ability to get quotes online and usually these small insurance companies only sell through independent agents.

Additional information

• Speed and Speed Limit FAQ (iihs.org)
• Side Impact Crash Tests (iihs.org)
• Anti-Lock Brake FAQ (iihs.org)
• Collision Insurance Coverage (Nationwide)