Looking for lower insurance coverage rates for your Porsche Macan? Are you regretting buying overpriced insurance coverage? Believe me, you’re not alone.
Big-name insurance companies like Allstate, Progressive and GEICO constantly bombard you with TV and radio ads and it is difficult to not get sucked in by the cute commercials and effectively compare rates to find the best deal.
The best way to compare car insurance rates is to know the trick most insurance companies provide online access to quote your coverage. All you need to do is take a few minutes to give details like if a SR-22 is required, if it has an alarm system, whether you are married, and your credit rating estimate. Your details is instantly submitted to multiple insurance coverage providers and they return rate quotes quickly.
When choosing the right insurance coverage, there really is no one size fits all plan. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that may help highlight if your insurance needs would benefit from an agent’s advice.
If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier
Knowing the specifics of your policy can be of help when determining the best coverages and proper limits and deductibles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages available from insurance companies.
Liability insurance will cover damages or injuries you inflict on other’s property or people. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.
Liability coverage protects against claims like bail bonds, attorney fees, court costs, medical services and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like hitting a bird, damage from getting keyed, theft and a broken windshield. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like ambulance fees, X-ray expenses and prosthetic devices. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance
This protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.
Collision insurance covers damage to your Macan resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against things like sideswiping another vehicle, damaging your car on a curb, driving through your garage door, backing into a parked car and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.