Lower Your 2011 Porsche Cayman Insurance Cost

Nobody cherishes buying car insurance, especially when their premiums are too high. Multiple insurers compete for your hard-earned dollar, and because of this it can be hard to compare insurance companies to get the best price available.

It is always a good idea to shop coverage around quite often because prices fluctuate regularly. Just because you found the lowest price on Cayman insurance two years ago you will most likely find a better rate today. Ignore everything you know about car insurance because I’m going to let you in on the secrets to how to quote online to find better coverage at a better price.

If you have a policy now or need new coverage, you can use these tips to get lower rates while maintaining coverages. Buying car insurance is quite easy. Vehicle owners only need an understanding of the proper way to buy car insurance on the web.

Don’t miss out on these money-saving discounts

The cost of insuring your cars can be expensive, buy you may qualify for discounts to help bring down the price. Larger premium reductions will be automatically applied when you get a quote, but a few need to be inquired about before being credited. If you don’t get every credit you deserve, you are throwing money away.

  • Life Insurance – Select insurance companies reward you with lower rates if you buy a life insurance policy as well.
  • Sign Early and Save – Some insurance companies reward drivers for switching policies prior to your current policy expiration. It can save you around 10%.
  • No Claims – Good drivers with no accidents pay much less compared to frequent claim filers.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can avoid accidents and will save you 10% or more.
  • Federal Government Employee – Being employed by or retired from a federal job can save as much as 8% on Cayman insurance with select insurance companies.
  • Senior Discount – If you’re over the age of 55, you may be able to get reduced rates on Cayman insurance.
  • Defensive Driving Course – Completing a course teaching defensive driving skills could possibly earn you a 5% discount depending on where you live.
  • Good Student Discount – Getting good grades can get you a discount of up to 25%. This discount can apply well after school through age 25.
  • Theft Prevention System – Vehicles with anti-theft systems help deter theft and therefore earn up to a 10% discount.

Consumers should know that most credits do not apply the the whole policy. Some only apply to individual premiums such as collision or personal injury protection. So even though it sounds like adding up those discounts means a free policy, you won’t be that lucky. But all discounts will bring down your overall premium however.

For a list of companies offering auto insurance discounts, click this link.

Compare the Market for Insurance

Getting a cheaper price on 2011 Porsche Cayman insurance can be surprisingly simple. Consumers just need to take the time to compare rate quotes online from several insurance companies. This is very easy and can be done using a couple different methods.

  1. The fastest way to find the lowest comparison rates is to use a rate comparison form (click to open form in new window). This type of form saves time by eliminating multiple quote forms for each company. A single form will return price quotes instantly.
  2. A harder way to compare rate quotes requires a visit to the website for each individual company to complete their respective quote request forms. For examples sake, we’ll assume you want rates from Auto-Owners, Farmers and GMAC. To find out each rate you need to visit each site and enter your information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.
  3. The least recommended way of getting rate comparisons is to spend time driving to insurance agents’ offices. The ability to buy insurance online has reduced the need for local agents unless you require the personal advice of a local agent. However, consumers can comparison shop online but still have the advice of a local agent and you’ll learn how to do that later.

It’s up to you which method you use, but make darn sure you compare exactly the same coverages and limits for every company. If the quotes have different liability limits it will be impossible to find the best deal for your Porsche Cayman.

Do I need special coverages?

When choosing proper insurance coverage for your personal vehicles, there really is no “best” method to buy coverage. Every situation is different so your insurance needs to address that. For example, these questions can help discover if your insurance needs might need an agent’s assistance.

  • Why do I need rental car insurance?
  • Does my policy cover me when driving someone else’s vehicle?
  • When should I not file a claim?
  • Are rock chip repairs covered?
  • Will I be non-renewed for getting a DUI or other conviction?
  • What is UM/UIM insurance?
  • Does my car insurance cover rental cars?
  • Do I need motorclub coverage?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of car insurance companies in your area. It only takes a few minutes and can help protect your family.

Car insurance specifics

Having a good grasp of your car insurance policy can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on the average car insurance policy.

Coverage for liability – This protects you from damage that occurs to other people or property that is your fault. It protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things like funeral expenses, loss of income, legal defense fees and emergency aid. How much liability coverage do you need? That is up to you, but consider buying higher limits if possible.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like nursing services, ambulance fees, X-ray expenses and EMT expenses. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible

Comprehensive insurance – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as fire damage, hitting a bird, a tree branch falling on your vehicle, hail damage and damage from a tornado or hurricane. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

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

Collision insurance covers things like scraping a guard rail, rolling your car and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Be a penny pincher

While you’re price shopping online, it’s very important that you do not buy less coverage just to save a little money. There are a lot of situations where drivers have reduced comprehensive coverage or liability limits only to regret that they should have had better coverage. Your strategy should be to buy a smart amount of coverage for the lowest price.

We just covered many ideas to lower your 2011 Porsche Cayman insurance rates. The key thing to remember is the more rate quotes you have, the better your comparison will be. Drivers may discover the most savings is with the least-expected company. These companies often have lower prices on specific markets as compared to the big name companies such as Progressive and Geico.

More tips and info about car insurance is available by following these links: