Lower Your 2004 Porsche 911 Insurance Rates

Nobody is fond of buying auto insurance, particularly when it costs too dang much. Big-name insurance companies like State Farm and Geico constantly bombard you with catchy ads and consumers find it hard to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

You need to shop coverage around quite often because rates are variable and change quite frequently. Just because you had the lowest premium rates on 911 coverage a couple years back a different company probably has better prices today. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to the best way to get good coverage at a lower rate.

If you have a current insurance policy or need a new policy, you can use these techniques to reduce the price you pay while maximizing coverage. Buying car insurance is not rocket science. Drivers only need an understanding of the proper methods to compare prices online.

How car insurance companies determine Porsche 911 insurance prices

Many different elements are part of the calculation when you get a price on insurance. A few of the factors are predictable such as your driving record, but other factors are not as apparent such as whether you are married or how financially stable you are.

• Do you need those extra coverages? – There are a lot of additional coverages you can purchase on your 911 policy. Insurance for things like roadside assistance, accidental death, and Farm Bureau memberships may not be needed and are just wasting money. The coverages may be enticing initially, but now you might not need them so consider taking them off your policy.
• Liability protection safeguards assets – The liability section of your policy is the protection if ever you are ruled to be at fault for causing personal injury or damage in an accident. It provides you with a defense in court up to the limits shown on your policy. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
• Credit score impacts prices – Having a good credit score will be a significant factor in calculating your premium rate. People that have very high credit ratings tend to be more responsible and file fewer claims than those with bad credit. Therefore, if your credit rating leaves room for improvement, you could potentially save money when insuring your 2004 Porsche 911 by improving your credit score.
• Bundle policies to earn discounts – The majority of insurance companies give discounts for people who buy several policies from them in the form of a multi-policy discount. Even if you’re getting this discount you still need to compare other company rates to help ensure you have the lowest rates.There is a chance you can find a better deal by buying from different companies
• Younger drivers are expensive to insure – Inexperience drivers are proven to be more careless when driving therefore insurance coverage rates are much higher. Adding a teenage driver to your insurance coverage policy can be very expensive. Older people are shown to be more cautious, statistically cause fewer accidents , and are generally more financially stable.
• Reduce premiums by driving safer cars – Cars with five star safety ratings tend to have lower insurance rates. These vehicles protect occupants better and fewer injuries translates into fewer and smaller insurance claims and lower rates for you. If the Porsche 911 is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
• Don’t cancel your coverage without a new one in place – Going without insurance is a guaranteed way to bump up your insurance coverage costs. In addition to paying higher rates, being ticketed for driving with no insurance may earn you a fine, jail time, or a revoked license.

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Low cost insurance

Getting a cheaper price on 2004 Porsche 911 insurance is an easy way to save money. Just invest a few minutes to get quotes from different insurance companies. This can be accomplished by following the guidelines below.

1. One of the best ways to get quotes is to use a rate comparison form like this one (opens in new window). This easy form eliminates the need for multiple quote forms for every prospective company. One form submission will get you rate comparisons from several companies.
2. A less efficient way to compare rate quotes requires a visit to the website of each company and repeat the quote process again and again. For examples sake, we’ll assume you are doing a rate comparison from Nationwide, Geico and Travelers. To get each rate you have to go to every website to input your insurance information, which is not fast way to get rate quotes. For a list of companies in your area, click here.
3. The most time-consuming method to get price estimates is making phone calls or going to different agent offices. Quoting online reduces the need to sit down with an agent unless you prefer the professional guidance of a licensed agent. You can, however, find lower rates online but have your policy serviced through an agent.

It doesn’t matter which method you choose, just compare nearly identical quote data with every price quote. If your comparisons have different liability limits it will be very difficult to make a fair comparison for your Porsche 911.

Insurance coverage rates and discounts

Some insurers don’t necessarily list all available discounts in a way that’s easy to find, so we took the time to find some of the best known in addition to some of the lesser obvious credits available to lower your premiums when you buy insurance online.

• Multiple Cars – Drivers who insure more than one vehicle on one policy can get a discount for every vehicle.
• Payment Method – If you can afford to pay the entire bill rather than paying in monthly installments you may reduce your total bill.
• Driving Data Discount – Policyholders that allow driving data collection to track their driving habits remotely such as State Farm’s In-Drive could save a few bucks if they show good driving skills.
• Low Mileage Discounts – Keeping the miles down on your Porsche could qualify for better prices on cars that stay parked.
• Own a Home – Owning a home may trigger a policy discount on insurance coverage due to the fact that maintaining a home demonstrates responsibility.
• Anti-theft Discount – Cars that have factory anti-theft systems have a lower chance of being stolen and will save you 10% or more.
• Passive Restraint Discount – Factory options such as air bags or motorized seat belts can receive discounts as much as 30%.
• New Car Discount – Buying insurance coverage on a new vehicle can get you a discount since newer models have better safety ratings.
• Professional Organizations – Being in qualifying clubs or civic groups is a good way to get lower rates when shopping for insurance coverage.

As a sidenote, most discount credits are not given to the entire cost. The majority will only reduce individual premiums such as liability, collision or medical payments. So even though it sounds like having all the discounts means you get insurance for free, companies don’t profit that way.

Companies and their possible discounts are shown below.

• The Hartford offers discounts for bundle, defensive driver, air bag, anti-theft, good student, vehicle fuel type, and driver training.
• American Family may offer discounts for defensive driver, multi-vehicle, mySafetyValet, good driver, Steer into Savings, and bundled insurance.
• Progressive may have discounts that include good student, multi-vehicle, homeowner, online signing, and online quote discount.
• Travelers policyholders can earn discounts including home ownership, payment discounts, IntelliDrive, multi-policy, new car, good student, and student away at school.
• Farmers Insurance includes discounts for distant student, bundle discounts, business and professional, electronic funds transfer, and good student.
• USAA offers premium reductions for driver training, annual mileage, loyalty savings, multi-vehicle, and vehicle storage.
• Liberty Mutual discounts include hybrid vehicle, preferred payment discount, good student, new vehicle discount, multi-policy, and teen driver discount.

If you want inexpensive insurance quotes, ask each company the best way to save money. Some of the discounts discussed earlier might not be available to policyholders in every state.

Situations that may require an agent’s advice

When it comes to choosing proper insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions might help in determining if your insurance needs would benefit from an agent’s advice.

• Does my policy cover me when driving someone else’s vehicle?
• How high should my uninsured/underinsured coverage be in my state?
• Does my medical payments coverage pay my health insurance deductible?
• How do I file an SR-22 for a DUI in my state?
• Is my cargo covered for damage or theft?
• Can I get a multi-policy discount?
• Does my policy pay for OEM or aftermarket parts?

If you don’t know the answers to these questions, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area. It’s fast, free and can help protect your family.

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Car insurance coverage basics

Knowing the specifics of your car insurance policy can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by car insurance companies.

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like hitting a mailbox, scraping a guard rail, crashing into a ditch and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Uninsured and underinsured coverage

This coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Porsche 911.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Auto liability

This coverage will cover damage that occurs to other’s property or people that is your fault. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like medical expenses, repair bills for other people’s vehicles, bail bonds, structural damage and legal defense fees. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.

Comprehensive coverages

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as falling objects, hitting a deer, damage from a tornado or hurricane and theft. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for medical payments

Med pay and PIP coverage kick in for immediate expenses such as chiropractic care, surgery, nursing services, X-ray expenses and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. It covers you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Summing up your auto insurance search

Cost effective 2004 Porsche 911 insurance can be purchased both online as well as from independent agents, and you should compare price quotes from both to have the best chance of lowering rates. A few companies don’t offer online rate quotes and many times these small, regional companies only sell through independent insurance agencies.

We just showed you many ways to shop for 2004 Porsche 911 insurance online. The key thing to remember is the more times you quote, the better your comparison will be. Consumers could even find that the lowest priced auto insurance comes from an unexpected company. Smaller companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm and Allstate.

Additional information

• Vehicle Insurance (Wikipedia)
• Airbag FAQ (iihs.org)
• Eight Auto Insurance Myths (Insurance Information Insitute)
• Young Drivers: The High Risk Years Video (iihs.org)
• Collision Insurance Coverage (Nationwide)
• Child Safety Seats (Insurance Information Insitute)

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