Lower Your 1997 Porsche Boxster Insurance Rates

Are you irritated from being strong-armed each month for auto insurance? You are no different than the majority of other consumers. Many auto insurance companies vie for your business, so it can be very hard to choose a insurer to discover the definitive best rates possible.

It’s smart to take a look at other company’s rates as often as possible because insurance rates go up and down regularly. Just because you found the best deal on Boxster insurance last year there may be better deals available now. Forget all the misinformation about auto insurance because we’re going to demonstrate the proper way to save money, get proper deductibles and limits, all at the lowest rate.

Are you earning every discount?

Some insurers don’t always advertise every policy discount very well, so the list below details both the well known as well as the least known credits available to bring down your rates.

  • Air Bag Discount – Vehicles equipped with air bags or motorized seat belts may earn rate discounts as much as 30%.
  • Anti-theft Discount – Cars and trucks with anti-theft systems can help prevent theft and can earn a small discount on your policy.
  • Early Signing – Some companies give discounts for switching to them prior to the expiration date on your current policy. This discount can save up to 10%.
  • ABS and Traction Control Discounts – Cars and trucks equipped with ABS or steering control prevent accidents and qualify for as much as a 10% discount.
  • Distant College Student Discount – Older children who are attending college without a vehicle on campus could get you a discount.
  • Full Payment Discount – If you pay your entire premium ahead of time rather than paying in monthly installments you can actually save on your bill.
  • Online Discount – A few larger online companies give back up to $50 for signing up on your computer.
  • Senior Citizen Discount – Drivers over the age of 55 could receive a small discount on rates on Boxster insurance.
  • Buy New and Save – Adding a new car to your policy can get you a discount since new vehicles have better safety ratings.
  • Smart Student Discounts – Being a good student can earn a discount of 20% or more. The good student discount can last up to age 25.

Keep in mind that most of the big mark downs will not be given to the entire policy premium. The majority will only reduce the cost of specific coverages such as comp or med pay. Just because it seems like it’s possible to get free car insurance, it doesn’t quite work that way.

If you would like to choose from a list of insurance companies that have a full spectrum of discounts, follow this link.

Why your insurance rates might be higher

When buying insurance it’s important to understand the factors that are used to determine the level of your policy premiums. When you understand what determines premiums, this helps enable you to make changes that will entitle you to lower insurance prices. Many different elements are used in the calculation when you get a price on insurance. A few of the factors are predictable such as traffic violations, but others are not as apparent like your vehicle usage or how financially stable you are.

  • Multiple policies with one company can save – Many insurers apply discounts to policyholders that purchase more than one policy. It’s known as a multi-policy discount. The discount can add up to anywhere from five to ten percent in most cases. Even with this discount applied, it’s in your best interest to shop around to guarantee you are still saving the most.
  • Stressful employer may mean higher prices – Occupations like fire fightersairline pilots and medical professionals usually pay higher premiums than the average policyholder due to stressful work requirements and lots of time spent away from family. On the other hand, occupations like actors, historians and performers pay lower than average rates on Boxster insurance.
  • Always keep your policy in force – Allowing your coverage to lapse will be a sure-fire way to increase your rates. Not only will rates go up, getting caught without coverage may earn you a hefty fine and possibly a revoked license. You will then be forced to file a SR-22 with your state DMV.
  • Youthful vs. older drivers – More mature drivers are more cautious drivers, file fewer claims , and are generally more financially stable.Teen drivers have been known to get distracted easily when driving therefore insurance rates are much higher.
  • Getting married can save you money – Your spouse helps lower the price when shopping for insurance. Having a significant other usually means you are less irresponsible and statistics prove married couples file fewer claims.
  • Put fewer miles on your vehicle – The higher the miles on your Porsche each year the more it will cost to insure it. Most insurance companies charge to insure your cars based upon how you use the vehicle. Cars used primarily for pleasure use cost less to insure than vehicles that are driven to work every day. Having an incorrect usage rating on your Boxster can result in significantly higher rates. It’s always a good idea to double check that your declarations sheet properly reflects the correct driver usage.
  • Don’t abuse policy claims – If you tend to file frequent claims, you can expect much higher rates or policy non-renewal. Companies give better rates to insureds who only file infrequent claims. Your car insurance is meant to be used in the event of claims that you cannot pay yourself.

When in doubt talk to an agent

When buying adequate coverage, there really is not a best way to insure your cars. Every situation is different and a cookie cutter policy won’t apply. For instance, these questions may help you determine if you would benefit from professional advice.

  • When should I drop full coverage on my 1997 Porsche Boxster?
  • Is there coverage for injuries to my pets?
  • Does my medical payments coverage pay my health insurance deductible?
  • Is my teenager covered with friends in the car?
  • Do I have newly-aquired coverage?
  • Am I covered if I hit a deer?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and may give you better protection.

Do auto insurance companies bend the truth?

Drivers can’t escape the ads that promise big savings for switching from companies such as State Farm, GEICO and Progressive. All the companies advertise the message about saving some big amount if you just switch your coverage to them.

That’s great but how can every company give you a better price? It’s all in the wording.

Auto insurance companies provide the lowest rates for the type of insured that earns them the highest profit. For example, a driver they prefer might be a female over age 40, carries high limits, and has a short commute. Someone that fits those parameters is entitled to the best price and will also save money with a new company.

Potential insureds who don’t meet these stringent criteria may be forced to pay higher premium rates which usually ends up with the prospect going elsewhere. The trick companies use is to say “drivers who switch” not “everyone who quotes” will save that much if they switch. That is how insurance companies can confidently state the savings.

Because of this risk profiling, it’s extremely important to get price quotes at each policy renewal. It’s impossible to know which auto insurance company will provide you with the cheapest rates.

Auto insurance coverages

Knowing the specifics of your auto insurance policy helps when choosing the best coverages and proper limits and deductibles. Auto insurance terms can be ambiguous and nobody wants to actually read their policy. These are typical coverage types available from auto insurance companies.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like hitting a bird, falling objects and damage from getting keyed. The most a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability auto insurance

Liability coverage protects you from damages or injuries you inflict on other’s property or people. It protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as legal defense fees, structural damage and attorney fees. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family and damage to your Porsche Boxster.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Frequently these limits are identical to your policy’s liability coverage.

Collision coverage protection

This pays for damage to your Boxster caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things like sustaining damage from a pot hole, backing into a parked car, scraping a guard rail and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Medical costs insurance

Med pay and PIP coverage pay for expenses for rehabilitation expenses, EMT expenses, hospital visits and dental work. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Stretch your dollar

You just learned a lot of techniques to save on 1997 Porsche Boxster insurance. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. Drivers may discover the lowest rates come from a smaller regional carrier. These companies can often insure niche markets at a lower cost than their larger competitors like Allstate and Progressive.

As you go through the steps to switch your coverage, never skimp on critical coverages to save a buck or two. In many instances, an accident victim reduced collision coverage only to discover later that it was a big error on their part. The ultimate goal is to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

More information can be found on the following sites: