Cheaper 2003 Porsche Boxster Insurance Quotes

Looking for lower insurance coverage rates for your Porsche Boxster? Finding low-cost insurance for a Porsche Boxster can be difficult, but you can learn the following methods and make it easy.

There are more efficient ways to shop for insurance coverage and we’ll show you the best way to compare rates on a Porsche and get the cheapest rates from both online companies and local agents.

Discounts are available to cut your rates

Insurance can cost an arm and a leg, but discounts can save money and there are some available to cut the cost considerably. Some discounts apply automatically when you complete an application, but some may not be applied and must be specifically requested before being credited. If you don’t get every credit you deserve, you’re paying more than you need to.

  • Passive Restraints – Vehicles equipped with air bags or automatic seat belts may earn rate discounts of up to 25% or more.
  • Theft Prevention System – Anti-theft and alarm systems help deter theft and therefore earn up to a 10% discount.
  • Accident Waiver – A few companies will forgive one accident before raising your premiums if you are claim-free prior to the accident.
  • Early Signing – A few companies offer discounts for switching to them before your current expiration date. This can save 10% or more.
  • Auto/Home Discount – When you have multiple policies with one company you may save 10% to 20% off each policy.
  • Discount for Life Insurance – Some companies give lower rates if you buy life insurance from them.

As a disclaimer on discounts, most of the big mark downs will not be given the the whole policy. Most only reduce specific coverage prices like comprehensive or collision. So even though they make it sound like it’s possible to get free car insurance, you won’t be that lucky. But all discounts will help reduce your premiums.

For a list of insurers with the best insurance coverage discounts, click here.

Porsche Boxster insurance rates have many determining factors

Consumers need to have an understanding of the rating factors that play a part in calculating the price you pay for car insurance. When you know what positively or negatively determines base rates enables informed choices that may reward you with much lower annual insurance costs.

  • Drive a safer car and pay less – Vehicles with good safety scores are cheaper to insure. Safer cars result in less severe injuries and lower injury rates translates into savings for insurance companies and thus lower rates. If your Porsche Boxster has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • Liability insurance protects assets – The liability section of your policy is the protection when you are found liable for damages caused by your negligence. It provides for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Big city or small town – Choosing to live in a small town has it’s advantages when insuring your vehicles. Drivers who live in large cities have congested traffic and longer commutes to work. Lower population means fewer accidents and also fewer theft and vandalism claims.
  • Older drivers save more – Teen drivers tend to be careless and easily distracted behind the wheel so car insurance rates are higher. Parents adding a teen driver onto your car insurance can be very expensive. Older drivers are more cautious drivers, statistically cause fewer accidents and get fewer tickets.
  • No coverage gaps is important – Driving with no insurance is against the law and as a result your rates will increase for letting your insurance lapse. Not only will you pay more, failure to provide proof of insurance will get you a license revocation or jail time.
  • How many coverages with the same company – The majority of insurers will give a discount to policyholders who carry more than one policy such as combining an auto and homeowners policy. Discounts can add up to five, ten or even twenty percent. Even if you’re getting this discount it’s still a good idea to compare other company rates to verify if the discount is saving money. Consumers may find better rates by insuring with multiple companies.
  • Too many car insurance claims drive up costs – If you are a frequent claim filer, you can pretty much guarantee either higher rates or even cancellation. Car insurance companies award better rates to insureds who do not rely on their insurance for small claims. Car insurance is meant to be used in the event of the large, substantial claims.
  • Occupation reflects on rates – Jobs such as lawyers, executives and financial analysts tend to pay higher average rates attributed to stressful work requirements and long work hours. Conversely, occupations such as pilots, engineers and the unemployed have the lowest average rates on Boxster insurance.

Everyone needs different coverages

When it comes to choosing coverage for your vehicles, there is no cookie cutter policy. Each situation is unique.

These are some specific questions may help highlight whether you may require specific advice.

  • Do I have coverage when pulling a U-Haul trailer?
  • Does my medical payments coverage pay my health insurance deductible?
  • What is PIP insurance?
  • Am I covered if hit by an uninsured driver?
  • Where can I get insurance after a DUI in my state?
  • How can I get high-risk coverage after a DUI?
  • Am I covered when driving in Canada or Mexico?
  • How can I find cheaper teen driver insurance?
  • Does my insurance cover my expensive audio equipment?
  • Am I covered when driving on a suspended license?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an agent. To find an agent in your area, fill out this quick form. It is quick, free and can help protect your family.

Save $446 a year. For real?

Consumers get pounded daily by advertisements for car insurance savings from companies such as Allstate and Progressive. They all make an identical promise that you can save if you change your policy.

How can each company claim to save you money?

All the different companies have a certain “appetite” for the type of driver that earns them a profit. An example of a desirable insured might be between 25 and 40, insures multiple vehicles, and has excellent credit. Any driver that hits that “sweet spot” receives the best rates and therefore will cut their rates substantially.

Potential insureds who fall outside this ideal profile will have to pay higher prices which leads to the driver buying from a lower-cost company. The ads state “customers who switch” not “everyone that quotes” save that much. That’s why insurance companies can confidently advertise the savings.

Because of the profiling, you absolutely need to get as many quotes as possible. It’s just too difficult to predict which insurance companies will have the lowest Porsche Boxster insurance rates.

Specific coverages for a Porsche Boxster

Learning about specific coverages of your policy can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Comprehensive auto coverage

Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as falling objects, hitting a bird, a broken windshield and fire damage. The maximum payout your car insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Auto collision coverage

This coverage pays for damage to your Boxster resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like rolling your car, hitting a mailbox and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to increase the deductible to bring the cost down.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like EMT expenses, hospital visits and X-ray expenses. They are used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Porsche Boxster.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.

Liability insurance

This will cover injuries or damage you cause to other’s property or people in an accident. It protects you against other people’s claims, and does not provide coverage for 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. Your policy might show liability limits of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for claims such as emergency aid, structural damage and medical expenses. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

More effort can pay off

As you go through the steps to switch your coverage, it’s a bad idea to buy less coverage just to save a little money. Too many times, consumers will sacrifice liability coverage limits only to find out they didn’t have enough coverage. Your strategy should be to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

People leave their current company for any number of reasons including unfair underwriting practices, high prices, extreme rates for teen drivers or not issuing a premium refund. It doesn’t matter what your reason, switching insurance companies can be easier than you think.

Affordable 2003 Porsche Boxster insurance is available online as well as from independent agents, so you should be comparing quotes from both to have the best chance of lowering rates. There are still a few companies who don’t offer the ability to get a quote online and these small insurance companies work with independent agents.

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