Save on 2004 Porsche Cayenne Insurance Rates

Trying to find better insurance coverage rates for your Porsche Cayenne? Paying for high-priced Porsche Cayenne insurance can empty your bank account and put the squeeze on your family’s finances. Comparison shopping is free, only takes a few minutes, and is a good way to tighten up your finances. With consumers having so many insurance companies to choose from, it can be impossible to choose the lowest cost insurer.

It’s a good habit to check insurance coverage prices every six months since rates trend upward over time. Even if you think you had the lowest price on Cayenne insurance a couple years back you will most likely find a better rate today. Don’t believe everything you read about insurance coverage on the internet, so I’m going to show you the easiest ways to reduce your insurance coverage bill.

Buying more affordable coverage is easy if you know what you’re doing. If you have a current car insurance policy or need new coverage, you can follow these tips to cut your premiums while maximizing coverage. Consumers only need to know the most efficient way to compare rates online.

How to Compare Car Insurance Quotes

Finding a better price on car insurance is actually quite simple. You just need to spend a few minutes comparing rate quotes provided by online insurance companies. It is quite easy and can be accomplished in a couple of different ways.

One of the simplest ways to get the best comparison quotes is a comparison rater form like this one (opens in new window). This form keeps you from doing separate forms for each company you want a rate for. One form will return quotes from car insurance companies with the best prices.

A more time consuming way to obtain and compare quotes online consists of going to the website of each company to complete a price quote. For sake of this example, let’s say you want comparison quotes from Progressive, Allstate and Geico. To find out each rate you need to visit each site to enter your coverage information, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.

The least recommended way to compare rates is driving to local insurance agencies. Buying insurance online can eliminate the need for a local agent unless you have a need for the personal advice that only a license agent can provide. Drivers can comparison shop your insurance online but still have the advice of a local agent.

It’s up to you how you get prices quotes, just compare apples-to-apples coverages and limits for every company. If each company quotes different values for each quote it will be very difficult to find the best deal for your Porsche Cayenne.

Save money by taking advantage of these discounts

Properly insuring your vehicles can get expensive, but there are discounts available to cut the cost considerably. Most are applied at quote time, but some must be requested specifically prior to getting the savings. If you don’t get every credit available, you’re paying more than you need to.

  • Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and will save you 10% or more.
  • Homeowners Discount – Being a homeowner can help you save on auto insurance because maintaining a house demonstrates responsibility.
  • New Vehicle Savings – Adding a new car to your policy can save up to 30% compared to insuring an older model.
  • Air Bag Discount – Factory air bags and/or automatic seat belt systems can get savings of up to 25% or more.
  • College Student – Any of your kids who attend school more than 100 miles from home and don’t have a car can be insured at a reduced rate.
  • Multiple Policy Discount – If you insure your home and vehicles with the same company you may earn up to 20% off your total premium.
  • Payment Discounts – By paying your policy upfront instead of making monthly payments you could save 5% or more.
  • Life Insurance Discount – Some companies give better rates if you take out a life insurance policy as well.
  • Safe Drivers – Safe drivers may receive a discount up to 45% less on Cayenne insurance than drivers with accidents.
  • 55 and Retired – If you qualify as a senior citizen, you may receive a small decrease in premiums on Cayenne insurance.

It’s important to note that most credits do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as medical payments or collision. So despite the fact that it appears you would end up receiving a 100% discount, auto insurance companies aren’t that generous. Any qualifying discounts will bring down the cost of coverage.

Companies that possibly offer these discounts include:

Before buying, ask all companies you are considering which discounts you may be entitled to. Discounts might not be offered in your area.

What determines your Porsche Cayenne insurance premium

Smart consumers have a good feel for the rating factors that help determine your auto insurance rates. When you know what positively or negatively influences your rates helps enable you to make changes that will entitle you to much lower annual insurance costs.

  • Do you know you’re credit rating? – A driver’s credit history is a large factor in your rate calculation. So if your credit score is not that good, you could potentially save money when insuring your 2004 Porsche Cayenne by improving your credit score. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers with lower credit scores.
  • Where do you drive? – The higher the mileage driven in a year’s time the higher your rate. The majority of insurers apply a rate determined by how the vehicle is used. Vehicles used primarily for pleasure use can get a lower rate than those used for commuting. Double check that your auto insurance declarations sheet is rated on the correct usage for each vehicle, because it can save money. If your policy improperly rates your Cayenne can result in significantly higher rates.
  • Liability coverage protects you – Liability insurance provides coverage in the event that you are found liable for causing damage or personal injury in an accident. It provides legal defense coverage up to the limits shown on your policy. Liability is cheap compared to physical damage coverage, so do not cut corners here.
  • Being married is a good thing – Being married helps lower the price when buying auto insurance. Having a spouse is viewed as being more responsible and it’s proven that married couples file fewer claims.
  • High numbers of claims are not good – If you file claims often, you can definitely plan on either a policy non-renewal or much higher rates. Insurance companies generally give cheaper rates to insureds who do not file claims often. Auto insurance is intended for major claims that would cause financial hardship.
  • Theft deterrents lower rates – Choosing a vehicle that has an advanced theft prevention system can help lower your rates. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft.
  • Where you live is a factor – Residing in a small town has it’s advantages when buying auto insurance. Drivers who live in large cities have congested traffic and longer commutes to work. Lower population means fewer accidents.

When should I use an insurance agent?

When buying the right insurance coverage, there is no “perfect” insurance plan. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out whether your personal situation may require specific advice.

  • Should I put collision coverage on all my vehicles?
  • Can I afford to buy a different vehicle if my 2004 Porsche Cayenne is totaled?
  • What is UM/UIM insurance?
  • What are the financial responsibility laws in my state?
  • I have health insurance so do I need medical payments coverage?
  • Do I benefit by insuring my home with the same company?
  • Is a new car covered when I drive it off the dealer lot?
  • What vehicles should carry emergency assistance coverage?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If you’re not sure about those questions but a few of them apply then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.

Specific coverage details

Learning about specific coverages of auto insurance can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages offered by auto insurance companies.

Coverage for liability

Liability coverage will cover damage that occurs to people or other property. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things like bail bonds, medical expenses, attorney fees, court costs and medical services. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive or Other Than Collision

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

Comprehensive can pay for things such as a broken windshield, damage from getting keyed, damage from a tornado or hurricane and damage from flooding. The most a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision insurance

Collision coverage covers damage to your Cayenne from colliding 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 hitting a parking meter, rolling your car, crashing into a building, scraping a guard rail and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.

Medical costs insurance

Med pay and PIP coverage kick in for expenses like nursing services, chiropractic care and hospital visits. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Porsche Cayenne.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Most of the time these coverages are set the same as your liablity limits.

Don’t break the bank

We just presented a lot of ways to shop for 2004 Porsche Cayenne insurance online. The key thing to remember is the more times you quote, the better your comparison will be. You may be surprised to find that the most savings is with the smaller companies. Regional companies may cover specific market segments cheaper than the large multi-state companies such as Allstate or State Farm.

When trying to cut insurance costs, make sure you don’t buy poor coverage just to save money. There are too many instances where drivers have reduced liability limits or collision coverage only to discover later that they should have had better coverage. Your focus should be to purchase plenty of coverage for the lowest price while still protecting your assets.

To learn more, link through to the resources below: