Save on 2014 Porsche Cayman Insurance Quotes

Trying to find better insurance prices for a Porsche Cayman can be a lot of work, but you can learn these tips to make it easier. There are both good and bad ways to find auto insurance online and you need to know the absolute fastest way to get price quotes for a Porsche and obtain the lowest price either online or from local insurance agents.

Don’t overlook these insurance discounts

Insurance is not inexpensive, but you may find discounts that could drop your premiums quite a bit. Certain reductions will be credited when you get a quote, but some need to be requested specifically prior to getting the savings. If you are not receiving all the discounts you qualify for, it’s possible you qualify for a lower rate.

• Safe Driver Discounts – Insureds who avoid accidents may save up to 50% more for Cayman coverage compared to accident prone drivers.
• Discounts for Federal Employees – Federal government employees may qualify for a discount when you quote car insurance for Cayman coverage with some insurance companies.
• Use Seat Belts – Drivers who require all vehicle occupants to wear their seat belts may be able to save a few bucks off the medical payments premium.
• Anti-theft Discount – Anti-theft and alarm system equipped vehicles are less likely to be stolen and therefore earn up to a 10% discount.
• Bundle and Save – If you combine your auto and home policies with one insurance company you could earn a discount of 10% to 20% off each policy.
• Low Mileage – Driving fewer miles could qualify for substantially lower prices.
• Sign Online – A few larger online companies will give a small break for buying a policy and signing up on your computer.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. Most only cut the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, it’s just not the way it works.

A few popular companies and a partial list of their discounts can be found below.

• AAA has savings for good driver, good student, education and occupation, multi-policy, pay-in-full, and anti-theft.
• Progressive has discounts for good student, online quote discount, continuous coverage, online signing, multi-vehicle, and homeowner.
• State Farm offers discounts for accident-free, defensive driving training, passive restraint, Drive Safe & Save, and multiple autos.
• Esurance may include discounts for multi-car, multi-policy, paid-in-full, Switch & Save, anti-lock brakes, and emergency road assistance.
• Nationwide may offer discounts for family plan, anti-theft, multi-policy, Farm Bureau membership, business or organization, accident-free, and easy pay.

If you need lower rates, check with all companies you are considering which discounts they offer. Depending on the company, some discounts may not be offered in your area.

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When to get professional advice

When it comes to buying adequate coverage, there really is not a one size fits all plan. Everyone’s situation is unique.

Here are some questions about coverages that may help highlight if your insurance needs may require specific advice.

• Is my camper covered by my car insurance policy?
• Which is better, split liability limits or combined limits?
• Do I have newly-aquired coverage?
• What is UM/UIM insurance?
• What is an SR-22 filing?
• Are my friends covered when driving my 2014 Porsche Cayman?
• Does car insurance cover theft of personal property?
• Can I afford low physical damage deductibles?
• Do I pay less if my vehicle is kept in my garage?
• Am I covered when driving in Canada or Mexico?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and can provide invaluable advice.

Insurance in the media

Consumers can’t ignore all the ads for cheaper insurance by companies like Geico, State Farm and Progressive. All the companies convey the message of big savings after switching your coverage to them.

It sounds good, but how can they all claim to save you money? It’s all in the wording.

All companies have strict underwriting profiles for the type of driver that earns them the highest profit. An example of a preferred risk might be between the ages of 30 and 45, is a homeowner, and drives a vehicle with a low ISO rating. A customer getting a price quote that meets those criteria will get a cheap rate quote as well as save a lot of money.

Potential insureds who don’t meet those standards will be charged higher premium rates which leads to the customer buying from someone else. If you listen closely, the ads state “drivers that switch” not “everybody who quotes” save that much money. That’s why companies can truthfully make it sound like they have such great rates. Because of this risk profiling, it’s extremely important to compare as many free car insurance quotes as you can. It’s just not possible to know with any certainty which company will have the best prices.

What car insurance coverages do you need?

Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Porsche Cayman.

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. For this reason, having high UM/UIM coverages is a good idea.

Liability insurance

Liability coverage will cover damage or injury you incur to people or other property that is your fault. This coverage protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for things like medical expenses, repair bills for other people’s vehicles and legal defense fees. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for expenses such as pain medications, ambulance fees and nursing services. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants in addition to 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

Comprehensive auto coverage

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as falling objects, rock chips in glass and a tree branch falling on your vehicle. The highest amount your car insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as colliding with a tree, sideswiping another vehicle and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

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Don’t throw your cash in the trash

Consumers leave their current company for many reasons like being labeled a high risk driver, denial of a claim, not issuing a premium refund and even delays in paying claims. Regardless of your reason for switching companies, choosing a new company can be pretty painless.

When getting car insurance quotes online, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many cases, an insured dropped liability limits or collision coverage to discover at claim time that it was a big error on their part. Your strategy should be to purchase a proper amount of coverage for the lowest cost and still be able to protect your assets.

We’ve covered quite a bit of information on how to compare 2014 Porsche Cayman insurance premium rates online. The most important thing to understand is the more quotes you get, the better your comparison will be. Consumers could even find that the most savings is with some of the smallest insurance companies.

Even more information can be found at these sites:

• Senior Drivers (Insurance Information Insitute)
• Distracted Driving Statistics (Insurance Information Insitute)
• Vehicle Size and Weight FAQ (iihs.org)
• Things to Know Before you Cancel Insurance (Allstate)
• Neck Injury FAQ (iihs.org)

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