1994 Porsche 911 Insurance Rates

Searching for lower insurance rates for your Porsche 911? Are you a victim of overpriced insurance? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out.

Many car insurance companies vie for your hard-earned dollar, so it’s not easy to compare every insurer to get the best rates possible.

Save big with these discounts

Companies offering auto insurance don’t always publicize every discount very well, so we break down some of the more common and the more hidden discounts you could be receiving.

  • Paperwork-free – Certain companies will give a small break just for signing your application on their website.
  • Claim Free – Drivers who don’t have accidents can earn big discounts when compared to frequent claim filers.
  • Driver Safety – Taking a defensive driving course could save 5% or more and easily recoup the cost of the course.
  • Own a Home – Owning a house may earn you a small savings because maintaining a house shows financial diligence.
  • Bundle and Save – When you have multiple policies with the same insurance company you may earn at least 10% off all policies.

Consumers should know that most of the big mark downs will not be given to the overall cost of the policy. Most cut individual premiums such as physical damage coverage or medical payments. So when it seems like you would end up receiving a 100% discount, it just doesn’t work that way.

Car insurance companies who might offer these discounts include:

Before buying, ask all companies you are considering what discounts are available to you. Some discounts may not apply in every state.

Impacting insurance rates for a Porsche 911

It’s important that you understand the rating factors that go into determining the price you pay for insurance. Understanding what impacts premium levels helps enable you to make changes that may reward you with big savings.

Listed below are some of the factors that factor into rates.

  • Liability coverage is peace of mind – Your policy’s liability coverage will protect you if a court rules you are at fault for damages caused by your negligence. It will provide for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.
  • Tickets mean higher rates – Drivers who don’t get tickets tend to pay less for car insurance than bad drivers. Just one citation can bump up the cost by as much as thirty percent. If you have serious violations like DUI or reckless driving may find they need to file a SR-22 to the state department of motor vehicles in order to continue driving.
  • Lower rates come with age – Older drivers are viewed as being more responsible, tend to file fewer claims and receive fewer citations. Youthful drivers are known to be more careless behind the wheel and because of this, their insurance rates are much higher.
  • Rate your vehicle for proper use – The more you drive in a year’s time the more you will pay for insurance. Most insurance companies rate vehicles based on how the vehicle is used. Autos not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. Improper usage on your 911 can result in significantly higher rates. Ask your agent if your insurance policy is rated on the correct driver usage, because improper ratings can cost you money.
  • A lapse in coverage is a bad thing – Letting your insurance expire will be a quick way to trigger a rate increase. Not only will rates go up, but not being able to provide proof of insurance will get you a license revocation or jail time.

But I don’t know anything about car insurance

When choosing proper insurance coverage, there isn’t really a one size fits all plan. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that may help you determine if your insurance needs would benefit from an agent’s advice.

  • Am I covered if I wreck a rental car?
  • Do I have coverage when using my vehicle for my home business?
  • How much liability insurance is required?
  • Does my insurance cover a custom paint job?
  • What is roadside assistance coverage?
  • Can I get a multi-policy discount?
  • What is PIP insurance?

If you don’t know the answers to these 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

Don’t be fooled by advertising claims

Companies like State Farm, Allstate and Geico regularly use television and radio advertisements. All the ads make the same claim that you can save if you move your policy. But how can every company claim to save you money? It’s all in the numbers.

All the different companies have a certain “appetite” for the type of customer they prefer to insure. For instance, a driver they prefer could possibly be over the age of 50, has no prior claims, and chooses high deductibles. A propective insured who meets those qualifications will get very good rates and most likely will cut their rates substantially.

Drivers who don’t meet the “perfect” profile will have to pay a more expensive rate which leads to the driver buying from a lower-cost company. The ads say “customers that switch” but not “drivers who get quotes” save that kind of money. That’s the way companies can truthfully make those claims. Because of the profiling, it’s extremely important to quote coverage with many companies. You cannot predict the company that will give you the biggest savings on Porsche 911 insurance.

Coverages available on your auto insurance policy

Understanding the coverages of a auto insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages available from auto insurance companies.

Coverage for medical payments

Med pay and PIP coverage kick in for bills for pain medications, chiropractic care, dental work, surgery and EMT expenses. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Comprehensive coverages

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like hail damage, damage from flooding, falling objects, a broken windshield and rock chips in glass. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision coverage protection

This coverage covers damage to your 911 caused by collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as sustaining damage from a pot hole, crashing into a building, driving through your garage door and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Porsche 911.

Because many people 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 should not be overlooked.

Auto liability insurance

This coverage protects you from damages or injuries you inflict on other people or property. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against things such as structural damage, attorney fees and repair costs for stationary objects. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford.

Keep this in mind

You just read a lot of techniques to get a better price on 1994 Porsche 911 insurance. The key concept to understand is the more providers you compare, the higher your chance of finding lower rates. You may even find the best price on auto insurance is with the least-expected company. Smaller companies may have significantly lower rates on certain market segments than their larger competitors like Allstate or State Farm.

As you go through the steps to switch your coverage, it’s very important that you do not skimp on coverage in order to save money. There are many occasions where someone dropped liability limits or collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

Cheaper insurance can be found on the web in addition to many insurance agents, so you should compare both to have the best selection. Some insurance companies do not provide online quoting and many times these small, regional companies only sell through independent insurance agents.

Additional information