2016 Porsche Cayman Insurance Quotes – 5 Savings Tips

Looking for the cheapest car insurance rates? Shoppers have many options when shopping for affordable Porsche Cayman insurance. They can either spend hours calling around to compare prices or utilize the internet to compare rates.

There are more efficient ways to buy car insurance and we’ll show you the proper way to price shop coverage on a Porsche and obtain the lowest price from both online companies and local agents.

Car insurance discounts are available to slash your rates

Not many people think insurance is cheap, but there could be available discounts that could drop your premiums quite a bit. Certain reductions will be credited when you purchase, but some need to be asked about in order for you to get them. If you don’t get every credit you qualify for, you could be paying more than you need to.

• Senior Citizens – Mature drivers could receive a small discount on rates on Cayman coverage.
• Theft Prevention Discount – Cars optioned with advanced anti-theft systems can help prevent theft and earn discounts up to 10% off your car insurance quote.
• Own a Home and Save – Simply owning a home may trigger a policy discount on car insurance because of the fact that having a home means you have a higher level of financial diligence.
• One Accident Forgiven – This one isn’t a discount, but companies like State Farm and Allstate will allow you to have one accident without raising rates so long as you haven’t had any claims prior to being involved in the accident.
• Discount for Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.

Don’t be shocked that most discounts do not apply to the entire cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. Just because you may think all the discounts add up to a free policy, car insurance companies aren’t that generous.

A few popular companies and some of the discounts are shown below.

• State Farm has discounts for passive restraint, multiple autos, multiple policy, accident-free, and defensive driving training.
• Progressive policyholders can earn discounts including homeowner, online signing, multi-policy, multi-vehicle, and continuous coverage.
• Progressive offers discounts including continuous coverage, online quote discount, multi-vehicle, multi-policy, online signing, homeowner, and good student.
• MetLife includes discounts for accident-free, claim-free, good driver, good student, defensive driver, multi-policy
• Farm Bureau may offer discounts for good student, youthful driver, safe driver, renewal discount, 55 and retired, multi-vehicle, and driver training.
• Geico may have discounts that include anti-lock brakes, daytime running lights, five-year accident-free, seat belt use, membership and employees, good student, and federal employee.
• SAFECO discounts include drive less, anti-lock brakes, homeowner, accident prevention training, multi-car, anti-theft, and safe driver.

If you need lower rates, check with each insurance company which credits you are entitled to. Some discounts listed above may not apply to policies in your state. If you would like to choose from a list of insurance companies who offer car insurance discounts, click this link.

Everyone needs different insurance coverages

When it comes to buying the best insurance coverage, there really is not a perfect coverage plan. Everyone’s situation is unique.

For instance, these questions could help you determine whether or not you may require specific advice.

• Do I benefit by insuring my home with the same company?
• When should I remove comp and collision on my 2016 Porsche Cayman?
• Is upholstery damage covered by car insurance?
• Does coverage extend to a rental car in a foreign country?
• Am I covered when delivering products for my home-based business?
• Am I covered if hit by an uninsured driver?
• Am I covered by my spouse’s policy after a separation?
• Do I need more liability coverage?
• How much liability coverage do I need in my state?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form. It’s fast, free and can help protect your family.

Insurance policy coverages for a 2016 Porsche Cayman

Learning about specific coverages of your insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses like chiropractic care, nursing services, prosthetic devices and funeral costs. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered losses include injuries to you and your family and damage to your 2016 Porsche Cayman.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Usually these coverages are set the same as your liablity limits.

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 coverage pays for things like hail damage, vandalism, theft and fire damage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Liability auto insurance

Liability insurance will cover damage or injury you incur to other people or property in an accident. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for claims like repair costs for stationary objects, loss of income, pain and suffering and structural damage. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Collision protection

This will pay to fix damage to your Cayman caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like sustaining damage from a pot hole, driving through your garage door and rolling your car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also increase the deductible to bring the cost down.

Best coverage at the best price

When getting car insurance quotes online, it’s a bad idea to reduce coverage to reduce premium. In too many instances, drivers have reduced physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase plenty of coverage at an affordable rate and still be able to protect your assets.

Budget-friendly auto insurance can be sourced from both online companies in addition to many insurance agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance providers may not have the ability to get a quote online and these smaller providers only sell through local independent agencies.

Drivers switch companies for a variety of reasons including questionable increases in premium, extreme rates for teen drivers, high prices and even high rates after DUI convictions. Whatever your reason, finding the right auto insurance provider can be easy and end up saving you some money.

For more information, take a look at these articles:

• Older Drivers FAQ (iihs.org)
• Uninsured Motorist Statistics (Insurance Information Insitute)
• Auto Insurance Basics (Insurance Information Insitute)
• Anti-Lock Brake FAQ (iihs.org)