Lower Your 2014 Porsche Cayman Insurance Rates

Buying the lowest cost auto insurance on the internet may seem to be difficult for consumers who are new to comparing prices on the web. With literally dozens of online companies available, how can you possibly compare them all to find the lowest rates?

It’s smart to price shop coverage quite often because rates trend upward over time. Despite the fact that you may have had the best rate on Cayman coverage a few years ago a different company probably has better prices today. Forget all the misinformation about auto insurance because you’re about to learn the best way to save money, get proper coverage and the best rates.

The purpose of this post is to teach you the best way to quote coverages. If you have car insurance now, you will most likely be able to cut costs considerably using this information. Although vehicle owners must comprehend the way companies sell insurance online.

Lower the price of car insurance with these tips

Consumers need to have an understanding of some of the factors that play a part in calculating the level of your policy premiums. If you understand what controls the rates you pay, this allows you to make educated decisions that could result in better car insurance rates.

• Traffic violations can increase costs – Your driving citation history can have a huge impact on auto insurance premiums. Drivers with clean records pay lower auto insurance prices than people who have multiple driving citations. Even a single driving citation can increase rates by as much as thirty percent. Drivers with license-revoking citations such as hit and run, DWI or reckless driving convictions may find they need to prove financial responsibility with their state’s department of motor vehicles in order to legally drive.
• Liability protection limits are a factor – Liability coverage will provide protection if ever you are determined to be liable for causing personal injury or damage in an accident. This coverage provides for a legal defense which can cost a lot. Liability is cheap when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
• Good credit scores equal low costs – Having a good credit rating is a large factor in determining what you pay. Therefore, if your credit rating leaves room for improvement, you may save money insuring your 2014 Porsche Cayman if you improve your credit rating. People with very good credit scores tend to file fewer claims than those with lower ratings.
• Marriage is a factor – Your spouse may save some money on your car insurance policy. Having a significant other translates into being more stable financially and insurance companies like that drivers who are married are more cautious.
• Males pay more for insurance coverage – Over time, data shows that women are safer drivers than men. It does not mean females are better at driving than males. Men and women get in accidents in similar percentages, but the male of the species tend to have more serious accidents. Not only are claims higher, but men get higher numbers of serious violations such as reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and are penalized with high car insurance rates.

How to compare insurance quotes

There are several ways to compare insurance quotes, but some are less time-consuming than others. You can waste a lot of time talking about coverages with local insurance agents in your area, or you could save time and use the internet to achieve your goal.

All the larger companies belong to an insurance system where prospective buyers submit one quote, and every company then gives them pricing based on the submitted data. This prevents consumers from doing quote requests for each company.

To get comparison pricing now click here (opens in new window).

The only downside to comparing rates this way is you are unable to specify the insurers you want to price. So if you want to select from a list of companies for rate comparison, we put together a list of low cost insurance companies in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just try to use the exact same coverages for each quote you get. If you are comparing different liability limits you will not be able to determine the best price for your Porsche Cayman. Even a minor difference in coverage limits may result in large price differences. Just keep in mind that comparing a large number of companies will increase your chances of finding lower pricing. Not every company does online quotes, so it’s necessary to compare prices from the smaller companies as well.

Insurance policy discounts

Car insurance can cost a lot, but discounts can save money and there are some available that many people don’t even know exist. Most are applied at the time of purchase, but less common discounts must be manually applied in order for you to get them. If you are not receiving all the discounts possible, you could be paying more than you need to.

• Employee of Federal Government – Employees or retirees of the government may reduce rates when you quote auto insurance on Cayman coverage with some insurance companies.
• Low Mileage – Low annual miles can qualify you for cheaper premium rates.
• Homeowners Pay Less – Owning a house can save you money due to the fact that maintaining a home means you have a higher level of financial diligence.
• ABS Brakes – Cars and trucks that have anti-lock braking systems prevent accidents and will save you 10% or more.
• Save over 55 – If you’re over the age of 55, you can get a slight reduction on a auto insurance quote on Cayman coverage.
• More Vehicles More Savings – Buying a policy with several vehicles on the same insurance policy can reduce the rates for all insured vehicles.
• Discounts for Cautious Drivers – Insureds without accidents can save as much as half off their rates on Cayman coverage than drivers with accident claims.
• New Car Discount – Buying a new car model may earn a small discount compared to insuring an older model.
• Early Payment Discounts – By making one initial payment rather than spreading payments over time you can avoid the installment charge.

It’s important to note that most credits do not apply to the entire cost. Most only apply to specific coverage prices like physical damage coverage or medical payments. Just because it seems like you could get a free insurance policy, companies don’t profit that way.

Large insurance companies and some of their more popular discounts can be found below.

• State Farm may include discounts for defensive driving training, passive restraint, multiple autos, good student, anti-theft, and accident-free.
• Farmers Insurance offers premium reductions for good student, pay in full, bundle discounts, youthful driver, distant student, business and professional, and multi-car.
• Progressive includes discounts for multi-policy, homeowner, continuous coverage, multi-vehicle, and online quote discount.
• Geico policyholders can earn discounts including driver training, five-year accident-free, membership and employees, seat belt use, multi-vehicle, and anti-theft.
• Auto-Owners Insurance may offer discounts for safe vehicle, multi-policy, air bags, multiple vehicles, and teen driver.
• The Hartford has discounts for driver training, good student, vehicle fuel type, air bag, bundle, anti-theft, and defensive driver.
• Farm Bureau has savings for 55 and retired, safe driver, youthful driver, multi-policy, and good student.
• USAA offers discounts for defensive driver, multi-vehicle, military installation, loyalty savings, and annual mileage.

Before purchasing a policy, check with every prospective company how you can save money. Depending on the company, some discounts may not apply in your area.

How do I know if I need professional advice?

When it comes to buying coverage for your vehicles, there isn’t really a one size fits all plan. Every situation is different.

These are some specific questions can aid in determining if your situation will benefit from professional help.

• Am I covered when renting a car or should I buy coverage from the car rental agency?
• Do I pay less for low miles?
• Do I need medical payments coverage since I have good health insurance?
• What is UM/UIM insurance?
• Does my 2014 Porsche Cayman qualify for pleasure use?
• Can I make deliveries for my home business?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form.

What car insurance coverages do you need?

Learning about specific coverages of car insurance aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Coverage for collisions

This covers damage to your Cayman resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as backing into a parked car, hitting a mailbox, colliding with another moving vehicle, sideswiping another vehicle and colliding with a tree. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for bills like dental work, doctor visits, X-ray expenses and EMT expenses. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Normally these limits are identical to your policy’s liability coverage.

Comprehensive coverages

This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as damage from getting keyed, hitting a bird, vandalism and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for liability

This protects you from damage or injury you incur to other’s property or people that is your fault. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits 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 $25,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as funeral expenses, medical services, structural damage and attorney fees. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Shop Smart and Save

Budget-conscious 2014 Porsche Cayman insurance can be purchased online and from local agencies, and you need to comparison shop both to have the best chance of lowering rates. A few companies do not provide online price quotes and many times these small, regional companies prefer to sell through independent agents.

When trying to cut insurance costs, you should never buy poor coverage just to save money. Too many times, drivers have reduced liability coverage limits and learned later that the few dollars in savings costed them thousands. Your strategy should be to buy the best coverage you can find for the lowest cost and still be able to protect your assets.

Drivers change insurance companies for a variety of reasons including extreme rates for teen drivers, policy cancellation, delays in paying claims and even poor customer service. It doesn’t matter why you want to switch finding a new company is pretty simple and you could end up saving a buck or two.

More tips and info about auto insurance can be found by following these links:

• Comprehensive Coverage (Liberty Mutual)
• Older Driver Statistics (Insurance Information Insitute)
• Auto Insurance 101 (About.com)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)