2016 Porsche 911 Car Insurance Rates – 6 Tips to Save

Tired of sacrificing to pay your insurance coverage bill each month? Your situation is no different than many other drivers.

People have many auto insurance companies to choose from, and although it’s nice to have a selection, more choices can make it harder to find the best rates.

It’s important to compare premium rates once or twice a year due to the fact that insurance prices tend to go up over time. Even if you think you had the best quotes for 911 coverage six months ago you can probably find a lower rate today. You can search a lot of insurance coverage online, but in a few minutes you can learn some tested techniques to slash your insurance coverage rates.

Finding the best rates is not rocket science. Basically, every vehicle owner who shops for insurance stands a good chance to be able to find better rates. Nevertheless, consumers benefit from understanding how the larger insurance companies sell insurance online and take advantage of how the system works.

How to buy insurance coverage

Comparing insurance coverage rates can be challenging if you don’t know the fastest way to get free quotes. You can spend countless hours talking to local insurance agents in your area, or you could use the internet to get pricing more quickly.

Most car insurance companies enroll in a system where insurance shoppers enter their policy data once, and each participating company can give them a price for coverage. This eliminates the need for quotation requests to each company.

To find out what other companies charge click here to start a free quote.

The one downside to using this type of system is that you can’t choose the companies you want to price. If you prefer to choose individual companies to compare prices, we have a listing of companies who write insurance coverage in your area. Click here to view list.

Take whichever approach you prefer, but make absolute certain that you use apples-to-apples coverage limits and deductibles with every price quote. If the quotes have different values for each quote it’s not possible to make a fair comparison for your Porsche 911. Having just a slight variation in coverage limits can mean a large discrepancy in price. And when price shopping your coverage, quoting more helps increase your odds of locating more affordable rates.

Don’t listen to company ads

Popular auto insurance providers such as Progressive, GEICO, Allstate and State Farm consistently run ads in print and on television. They all seem to make the promise about how much you will save just by switching your auto insurance coverage to their company. How is it plausible that every one can charge lower premium rates? You have to listen carefully.

Companies have an ideal profile for the driver that will most likely be profitable. For example, this type of risk profile could possibly be over the age of 45, owns a home, and chooses high deductibles. A driver that meets those criteria may get the lowest prices and is almost guaranteed to pay quite a bit less when switching companies.

Potential insureds who do not match these standards may be required to pay a more expensive rate and this can result in business going elsewhere. The trick is to say “customers who switch” but not “everyone who gets a quote” save that kind of money. This is how insurance companies can confidently make those claims. That is why you really should compare many company’s rates. It’s just too difficult to predict the company that will provide you with the cheapest prices.

Get lower-cost rates with these six auto insurance discounts

Companies offering auto insurance don’t always list all their discounts in an easy-to-find place, so below is a list a few of the more well known as well as some of the hidden savings tricks you should be using when you buy insurance coverage online.

  • Multi-car Discount – Having more than one vehicle with the same auto insurance company qualifies for this discount.
  • Claim-Free Discount – Insureds with no claims or accidents can save substantially in comparison with insureds who have frequent claims or accidents.
  • Waiver for an Accident – This one is not really a discount per se, but some companies like Allstate and State Farm will allow you to have one accident before raising your premiums if you are claim-free for a certain period of time.
  • New Car Discount – Adding a new car to your policy can save up to 30% due to better safety requirements for new model year vehicles.
  • Defensive Driving Course – Taking time to complete a defensive driver course is a good idea and can lower rates depending on where you live.
  • Theft Prevention System – Vehicles that have factory alarm systems and tracking devices are stolen less frequently and therefore earn up to a 10% discount.

It’s important to understand that some credits don’t apply to the entire policy premium. Most only apply to specific coverage prices like comprehensive or collision. So when it seems like you would end up receiving a 100% discount, companies don’t profit that way.

Some companies that may include these discounts include:

Check with every insurance company which credits you are entitled to. Savings may not be available in your area.

Insurance coverage can get complicated

When choosing proper insurance coverage for your vehicles, there really is no “best” method to buy coverage. Every situation is different so this has to be addressed. These are some specific questions may help you determine whether you might need an agent’s assistance.

  • Where can I get insurance after a DUI in my state?
  • Should I sign the liability waiver when renting a car?
  • Do I have coverage for damage caused while driving under the influence?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Can I afford to buy a different vehicle if my 2016 Porsche 911 is totaled?
  • Does insurance cover damages from a DUI accident?

If it’s difficult to answer those questions, then you may want to think about 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.

Learn about car insurance coverages for a 2016 Porsche 911

Understanding the coverages of your car insurance policy can help you determine appropriate coverage for your vehicles. Car insurance terms can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on most car insurance policies.

UM/UIM Coverage

This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as damage to your Porsche 911.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Comprehensive or Other Than Collision

This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things like fire damage, hitting a deer, rock chips in glass and damage from getting keyed. The maximum payout your car insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical costs insurance

Medical payments and Personal Injury Protection insurance pay for expenses for things like X-ray expenses, prosthetic devices, EMT expenses and funeral costs. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

Coverage for collisions

This coverage pays for damage to your 911 from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as hitting a parking meter, driving through your garage door, hitting a mailbox and crashing into a ditch. This coverage can be expensive, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.

Liability

This coverage protects you from injuries or damage you cause to people or other property by causing an accident. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/25 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability insurance covers claims such as loss of income, bail bonds and structural damage. How much liability coverage do you need? That is your choice, but buy as much as you can afford.

Final considerations

Cost effective 2016 Porsche 911 insurance is definitely available both online and from local agencies, so you should be comparing quotes from both to have the best selection. Some insurance companies do not offer the ability to get quotes online and many times these smaller companies sell through local independent agencies.

As you go through the steps to switch your coverage, you should never skimp on critical coverages to save a buck or two. There are many occasions where someone sacrificed collision coverage only to find out that their decision to reduce coverage ended up costing them more. The proper strategy is to buy a smart amount of coverage for the lowest cost while still protecting your assets.

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