1993 Porsche 928 Insurance Rates

Having to pay for overpriced Porsche 928 insurance can dwindle your bank account and make it hard to pay other bills. Comparing price quotes is a smart way to help make ends meet. Because there are so many companies to choose from, it is hard for the average consumer to choose the lowest price company.

The purpose of this article is to introduce you to the best way to quote coverages and some tips to save money. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using this strategy. Drivers only need an understanding of the most efficient way to shop their coverage around online.

How to Get Insurance Coverage Comparison Quotes

Getting a cheaper price on 1993 Porsche 928 insurance can be surprisingly simple. Consumers just need to take a couple of minutes to get quotes provided by online insurance companies. This can be done in several different ways.

The first (and easiest) way to compare a lot of rates at once is an all-inclusive rate comparison click here to open form in new window. This easy form saves time by eliminating repetitive form submissions for every insurance coverage company. Completing one form will get you rate comparisons from multiple low-cost companies.

A more time consuming way to find lower rates requires visiting each company website to complete a price quote. For examples sake, let’s say you want comparison quotes from Farmers, State Farm and American Family. To get each rate you have to spend time on each company’s site and enter your information, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.

The least recommended way to compare rates is to spend your day driving to local insurance agencies. The internet eliminates the need for an insurance agent unless you require the professional guidance only provided by licensed agents. You can, however, comparison shop your insurance online but still have the advice of a local agent and we’ll touch on that later.

It doesn’t matter which method you choose, just compare exactly the same information with each company. If you compare different liability limits it will be impossible to make an equal comparison.

Discounts on 1993 Porsche 928 insurance

The cost of insuring your cars can be expensive, but companies offer discounts to cut the cost considerably. A few discounts will automatically apply at the time of quoting, but a few must be specifically requested in order for you to get them. If they aren’t giving you every credit available, you’re just leaving money on the table.

  • Student in College – Kids in college who are attending college and do not have access to a covered vehicle can receive lower rates.
  • No Charge for an Accident – Certain companies will forgive one accident before your rates go up if your claims history is clear for a particular time prior to the accident.
  • Multiple Cars – Having all your vehicles on the same insurance coverage policy can get a discount on all vehicles.
  • Discount for New Cars – Buying coverage on a new vehicle is cheaper compared to insuring an older model.
  • Discount for Swiching Early – Select companies give a discount for signing up before your current policy expires. The savings is around 10%.
  • Multiple Policy Discount – If you insure your home and vehicles with the same insurance company you will save up to 20% off your total premium.
  • Memberships – Being a member of a civic or occupational organization is a good way to get lower rates on insurance coverage on 928 coverage.
  • Student Driver Training – Require your teen driver to take driver’s ed class in school.

Keep in mind that most discount credits are not given to your bottom line cost. Most only reduce the price of certain insurance coverages like comp or med pay. So when the math indicates having all the discounts means you get insurance for free, you’re out of luck. But all discounts will help reduce your premiums.

For a list of providers with the best insurance coverage discounts, click here to view.

Pieces of the Porsche 928 insurance rate puzzle

Consumers need to have an understanding of the factors that come into play when calculating car insurance rates. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that can help you get big savings.

The list below includes some of the factors used by your company to calculate your rates.

  • Do you need the policy add-ons? – There are a lot of add-on coverages that you can get tricked into buying on your car insurance policy. Coverages for personal injury protection, accidental death and membership fees may be wasting your money. They may seem like a good idea when you first buy your policy, but your needs may have changed so eliminate them to save money.
  • What are your deductibles? – Your deductibles represent how much money you are required to spend in the event of a claim. Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your car. A few examples of covered claims are colliding with a building, damage caused by hail, and rolling your vehicle. The more you have to pay, the lower your rates will be on 928 coverage.
  • Pay less after the wedding – Being married helps lower the price on your policy. Marriage means you’re more mature than a single person and it’s proven that drivers who are married are more cautious.
  • How credit affects car insurance rates – Credit score is a big factor in determining your rates. Therefore, if your credit rating is lower than you’d like, you could be paying less to insure your 1993 Porsche 928 by repairing your credit. Drivers who have good credit tend to be better drivers and file fewer claims than drivers with poor credit.

Tailor your coverage to you

When buying coverage, there really is not a perfect coverage plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. For instance, these questions might point out if you would benefit from professional advice.

  • What can I do if my company denied a claim?
  • When should I remove comp and collision on my 1993 Porsche 928?
  • What if I owe more than I can insure my car for?
  • Is my teenager covered with friends in the car?
  • Am I covered when driving on a suspended license?
  • Which is better, split liability limits or combined limits?
  • Where can I get insurance after a DUI in my state?
  • Is my cargo covered for damage or theft?
  • Do I need special endorsements for business use of my vehicle?
  • When should I buy a commercial auto policy?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Is there deception in advertising?

Consumers can’t ignore all the ads for car insurance savings by companies like State Farm and Allstate. All the ads make the same claim of big savings after switching to them.

How does each company make the same claim?

Different companies are able to cherry pick for the driver that makes them money. An example of a driver they prefer could be over the age of 40, has no prior claims, and drives less than 10,000 miles a year. A customer who meets those qualifications gets the lowest rates and is almost guaranteed to save quite a bit of money when switching.

Potential customers who don’t meet this ideal profile will be charged a higher premium and this can result in business not being written. The ad wording is “customers who switch” not “people who quote” save that much money. This is how companies can make those claims.

That is why you absolutely need to compare as many rates as you can. It’s just too difficult to predict which insurance company will have the lowest Porsche 928 insurance rates.

Information about specific coverages

Understanding the coverages of your car insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Listed below are the normal coverages available from car insurance companies.

Collision – This covers damage to your 928 from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like colliding with a tree, hitting a parking meter, damaging your car on a curb and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as prosthetic devices, surgery, pain medications and ambulance fees. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Porsche 928.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these coverages do not exceed the liability coverage limits.

Liability insurance – Liability coverage can cover damage that occurs to other people or property that is your fault. It protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things like repair costs for stationary objects, emergency aid and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.

Comprehensive coverage – This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like rock chips in glass, vandalism, a tree branch falling on your vehicle and a broken windshield. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Never pay more for less

As you prepare to switch companies, never reduce needed coverages to save money. In many cases, drivers have reduced uninsured motorist or liability limits to discover at claim time that it was a big error on their part. Your goal should be to find the BEST coverage for the lowest price, not the least amount of coverage.

You just read many tips how you can compare 1993 Porsche 928 insurance prices online. The most important thing to understand is the more times you quote, the higher your chance of finding lower rates. You may be surprised to find that the best prices are with the least-expected company. Regional companies can often provide lower rates in certain areas as compared to the big name companies such as Progressive and Geico.

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