Save on 2004 Porsche Boxster Insurance Cost

Searching for better insurance coverage rates for your Porsche Boxster? Locating better insurance prices for a Porsche Boxster can turn out to be a lot of work, but you can learn these tips to save time. There are more efficient ways to compare insurance coverage rates so you’re going to learn the proper way to get price quotes for a Porsche and get the cheapest rates from both online companies and local agents.

Lower rates by qualifying for discounts

Car insurance companies don’t always publicize every policy discount very well, so below is a list some of the more common as well as some of the hidden credits available to you.

  • Seat Belt Usage – Forcing all vehicle occupants to buckle their seat belts can save up to 15% off the medical payments premium.
  • Discounts for Cautious Drivers – Drivers who don’t get into accidents can pay as much as 50% less for Boxster insurance than their less cautious counterparts.
  • Accident Free – Claim-free drivers have much lower rates as opposed to drivers who are more careless.
  • Auto/Home Discount – If you can combine your home and auto policy with the same company they may give you a discount of up to 20% off your total premium.
  • Full Payment Discount – If you can afford to pay the entire bill rather than spreading payments over time you can actually save on your bill.
  • Life Insurance – Not every insurance company offers life insurance, but if they do you may earn better premium rates if you take out some life insurance too.
  • Driving Data Discount – Insureds that choose to allow their company to look at when and where they use their vehicle by installing a telematics device such as State Farm’s In-Drive may get a rate reduction if they have good driving habits.
  • Driver Safety – Passing a safe driver course can save you 5% or more and easily recoup the cost of the course.
  • Senior Citizen Discount – Seniors can possibly qualify for reduced rates for Boxster insurance.
  • New Vehicle Savings – Adding a new car to your policy can get you a discount due to better safety requirements for newer models.

It’s important to understand that most of the big mark downs will not be given to the entire cost. Most cut specific coverage prices like collision or personal injury protection. So when the math indicates all those discounts means the company will pay you, you aren’t that lucky.

Larger insurance coverage companies and their possible discounts are shown below.

  • AAA has discounts for education and occupation, anti-theft, multi-car, pay-in-full, good driver, AAA membership discount, and good student.
  • Progressive offers discounts for homeowner, continuous coverage, multi-vehicle, multi-policy, and online signing.
  • State Farm offers discounts including driver’s education, Drive Safe & Save, accident-free, safe vehicle, and student away at school.
  • Esurance includes discounts for homeowner, online quote, good driver, DriveSense, defensive driver, and renters.
  • Nationwide offers premium reductions for accident-free, anti-theft, Farm Bureau membership, defensive driving, family plan, and easy pay.

Double check with every prospective company which credits you are entitled to. Some discounts listed above might not apply in your area. If you would like to view insurers with the best insurance coverage discounts, click this link.

Insurance coverage is unique, just like you

When choosing proper insurance coverage, there isn’t really a “best” method to buy coverage. Every insured’s situation is different.

Here are some questions about coverages that might help in determining if your situation would benefit from an agent’s advice.

  • Why am I required to get a high-risk car insurance policy?
  • Will my rates increase for filing one claim?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Is business property covered if stolen from my car?
  • Should I buy full coverage?
  • Does coverage extend to a rental car in a foreign country?
  • Can my teen drive my company car?
  • How do I insure my teen driver?
  • How much liability do I need to cover my assets?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can help protect your family.

Do auto insurance companies bend the truth?

Consumers constantly see and hear ads for auto insurance savings by companies like State Farm and Allstate. They all make the point about savings if you change your coverage.

It sounds good, but how can they all offer you a better deal? It’s all in the words they use.

Most companies have underwriting criteria for the type of customer that is profitable for them. A good example of this type of insured should be between 25 and 40, has had continuous coverage, and insures a new vehicle. A customer getting a price quote who fits those characteristics may get the lowest car insurance rates and as a result will probably save money with a new company.

Potential insureds who do not fit these stringent criteria may receive more expensive rates and ends up with the prospect going elsewhere. The trick is to say “people who switch” but not “everyone who gets a quote” save money. That’s why companies can truthfully make those claims. Because each company has a different risk profile, it is so important to do a rate comparison at every renewal. Because you never know with any certainty which company will give you lower rates than your current company.

Educate yourself about insurance coverages

Knowing the specifics of insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be confusing and coverage can change by endorsement.

Comprehensive protection

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like a broken windshield, falling objects and theft. The maximum amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical expense coverage

Med pay and PIP coverage reimburse you for short-term medical expenses for things like doctor visits, pain medications, funeral costs, ambulance fees and chiropractic care. They 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 and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Collision insurance

This coverage pays for damage to your Boxster resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims like sideswiping another vehicle, crashing into a ditch, rolling your car, colliding with a tree and driving through your garage door. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Liability auto insurance

This coverage protects you from damage or injury you incur to other people or property in an accident. It protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability can pay for claims like funeral expenses, pain and suffering, repair bills for other people’s vehicles, loss of income and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but consider buying higher limits if possible.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Porsche Boxster.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Affordable insurance is out there

Insureds change insurance companies for a number of reasons such as unfair underwriting practices, questionable increases in premium, extreme rates for teen drivers and even delays in paying claims. Regardless of your reason, finding a new company is pretty simple and you could end up saving a buck or two.

As you restructure your insurance plan, you should never buy lower coverage limits just to save a few bucks. Too many times, someone sacrificed collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your focus should be to buy enough coverage for the lowest price, but do not skimp to save money.

In this article, we covered a lot of information how to shop for 2004 Porsche Boxster insurance online. The most important thing to understand is the more you quote insurance, the better your chances of lowering your prices. You may even discover the lowest premium rates come from some of the smallest insurance companies.

To read more, link through to the articles below: