Cheap 2014 Porsche Cayman Car Insurance Rates

Have you fallen victim to overpriced insurance coverage? Believe me when I say there are a lot of people just like you who feel imprisoned by their insurance coverage policy.

Multiple auto insurance companies compete for your hard-earned dollar, so it can be very hard to choose a provider to discover the definitive lowest cost out there.

It’s important to take a look at other company’s rates periodically due to the fact that insurance prices are rarely the same from one policy term to another. Just because you had the lowest price for Cayman coverage a year ago other companies may now be cheaper. Block out anything you think you know about insurance coverage because you’re about to learn the quickest way to buy cheaper insurance coverage.

Why smart consumers pay less for Porsche Cayman insurance

Lots of factors are taken into consideration when you get a price on insurance. Some of the criteria are obvious such as your driving record, but some are less obvious such as your marital status or how safe your car is.

  • Teen drivers are expensive to insure – Mature drivers have been proven to be more responsible, cost insurance companies less in claims .Teen drivers have a tendency to be inattentive when at the wheel of a vehicle so auto insurance rates are higher.
  • Deter vehicle theft – Purchasing a vehicle with a theft deterrent system can get you a discount on your auto insurance. Anti-theft devices like OnStar, LoJack tracking, and tamper alarms all aid in stopping auto theft.
  • How credit rating affects auto insurance rates – Having a bad credit score can be an important factor in determining what you pay. Therefore, if your credit score can use some improvement, you may save money insuring your 2014 Porsche Cayman if you improve your credit rating. People with high credit scores tend to be more responsible than drivers with poor credit scores.
  • Only buy what you need – Policies have extra coverages that can waste your money on your auto insurance policy. Insurance for coverage for rental cars, death and dismemberment, and extra equipment coverage may be wasting your money. They may seem like a good idea when talking to your agent, but if they’re wasting money get rid of them and save.
  • More annual miles equals more premium – Driving a lot of miles every year the more it will cost to insure it. Almost all companies rate vehicles based on how the vehicle is used. Cars that have low annual miles can get a lower rate than those used for commuting. Make sure your vehicle rating properly reflects the proper vehicle usage. An improperly rated Cayman is throwing money out the window.

The quickest method to compare insurance rates from multiple companies is to take advantage of the fact most of the larger companies have advanced systems to give you rate quotes. All you need to do is take a few minutes to give details like if you have an active license, the make and model of your vehicles, deductibles desired, and how old drivers are. Your rating data is instantly sent to many of the top insurers and you will get price comparisons almost instantly.

To compare multiple company rates now, click here and enter your zip code.

The auto insurance bait and switch

Big name companies like Allstate and Progressive constantly bombard you with ads on TV and radio. All the companies seem to make the promise that drivers will save a bundle just by switching your coverage to them. How does each company offer drivers better rates? You have to listen carefully.

Insurance companies are able to cherry pick for the type of customer that will most likely be profitable. An example of this type of driver may need to be between the ages of 30 and 45, has no tickets, and has great credit. Any person who fits that profile will get a cheap rate quote and most likely will pay quite a bit less when switching companies.

Insureds who are not a match for this ideal profile may be forced to pay higher premiums and ends up with business going elsewhere. The trick is to say “people who switch” but not “everyone who gets a quote” save the amount stated. That’s why companies can make it sound like they have such great car insurance rates. Because of this risk profiling, drivers must do a rate comparison at every renewal. You cannot predict which company will have the best rates.

Don’t overlook these insurance discounts

The cost of insuring your cars can be expensive, but you might find some hidden discounts that you may not even be aware of. Many discounts should be triggered at quote time, but once in a while a discount must be inquired about before you will receive the discount. If you do not check that you are getting every discount you qualify for, you’re just leaving money on the table.

  • Government Employee Discount – Federal government employees could cut as much as 10% off for Cayman coverage with some insurance companies.
  • Anti-theft System – Cars, trucks, and SUVs optioned with advanced anti-theft systems are less likely to be stolen and that can save you a little bit as well.
  • Fewer Miles Equal More Savings – Low mileage vehicles can earn discounted rates on garaged vehicles.
  • Homeowners Discount – Being a homeowner may earn you a small savings because it means you have a higher level of financial diligence.
  • E-sign – A few larger companies will give you a small discount for buying a policy and signing up online.

Don’t be shocked that some credits don’t apply to your bottom line cost. Some only reduce the cost of specific coverages such as liability and collision coverage. So when it seems like you can get free auto insurance, you’re out of luck.

Companies and a partial list of their discounts can be read below.

  • American Family discounts include early bird, defensive driver, accident-free, mySafetyValet, and TimeAway discount.
  • Nationwide may offer discounts for easy pay, family plan, multi-policy, good student, accident-free, anti-theft, and Farm Bureau membership.
  • MetLife offers discounts including defensive driver, good driver, claim-free, accident-free, and good student.
  • 21st Century has savings for 55 and older, teen driver, student driver, anti-lock brakes, and theft prevention.
  • Farmers Insurance offers discounts for alternative fuel, distant student, homeowner, business and professional, mature driver, switch companies, and pay in full.
  • Allstate policyholders can earn discounts including 55 and retired, new car, safe driver, premier discount, and anti-theft.

When getting a coverage quote, ask each insurance company which discounts can lower your rates. Some discounts might not be available to policyholders in every state. If you would like to choose from a list of insurance companies with the best discounts, follow this link.

When to get professional advice

When choosing the right insurance coverage for your vehicles, there is no best way to insure your cars. Everyone’s situation is unique and your policy should reflect that. These are some specific questions may help highlight if your situation might need professional guidance.

  • Should I buy more coverage than the required minimum liability coverage?
  • Does my personal policy cover me when driving out-of-state?
  • Why am I required to buy high-risk coverage?
  • Is my teen driver covered when they drive my company car?
  • Am I covered when driving someone else’s vehicle?
  • Is extra glass coverage worth it?
  • At what point should I drop full coverage?
  • Is pleasure use cheaper than using my 2014 Porsche Cayman to commute?
  • Does car insurance cover theft of personal property?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Learn about auto insurance coverages for a Porsche Cayman

Having a good grasp of your auto insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. Below you’ll find the normal coverages found on the average auto insurance policy.

Coverage for collisions

This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as rolling your car, hitting a mailbox, scraping a guard rail and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your Porsche Cayman.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive coverages

This coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like damage from flooding, hitting a deer and falling objects. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverages

This coverage protects you from damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things such as pain and suffering, funeral expenses, legal defense fees, court costs and medical expenses. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for bills such as ambulance fees, doctor visits and EMT expenses. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Saving money is sweet as honey

You just learned a lot of tips how to reduce 2014 Porsche Cayman insurance prices online. The most important thing to understand is the more companies you get rates for, the higher your chance of finding low cost auto insurance. Consumers could even find that the biggest savings come from some of the smallest insurance companies. These smaller insurers may only write in your state and offer lower rates compared to the large companies like GEICO and State Farm.

When trying to cut insurance costs, you should never sacrifice coverage to reduce premiums. There are many occasions where someone sacrificed physical damage coverage only to regret that their decision to reduce coverage ended up costing them more. Your goal is to buy a smart amount of coverage at a price you can afford, but do not skimp to save money.

Cost effective 2014 Porsche Cayman insurance can be sourced both online as well as from insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance companies may not provide the ability to get a quote online and most of the time these regional carriers sell through independent agencies.

For more information, link through to the articles below: