2005 Porsche Carrera GT Insurance Rates – 8 Discounts for Best Quotes

Feel like you’re a prisoner to an overpriced car insurance policy? Trust us, there are a lot of people just like you who feel imprisoned by their car insurance policy.

There is such a variety of insurers to choose from, and although it’s nice to have a selection, it makes it harder to compare rates and cut insurance costs.

The quickest method we recommend to compare insurance rates from multiple companies is to know all the major auto insurance companies have advanced systems to give you rate quotes. To get started, all you need to do is provide a small amount of information like daily mileage, how old drivers are, whether or not you need a SR-22, and if you went to college. That rating data is sent automatically to many different companies and you should receive rate quotes immediately.

To compare multiple company rates now, click here and see if a lower rate is available.

Are you getting all your discounts?

Car insurance is not cheap, but there are discounts available to help bring down the price. A few discounts will automatically apply when you complete an application, but a few must be specially asked for before you will receive the discount.

• One Accident Forgiven – Some insurance companies will forgive one accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
• New Car Discount – Buying coverage on a new vehicle can cost up to 25% less compared to insuring an older model.
• Sign Online – Some insurance companies may give you up to $50 just for signing your application online.
• Federal Government Employee – Active or retired federal employment can earn a discount up to 10% on Carrera GT insurance with a few insurance companies.
• Life Insurance – Select insurance companies reward you with lower rates if you buy auto and life insurance together.
• Homeowners Savings – Simply owning a home may earn you a small savings because of the fact that having a home shows financial diligence.
• Driver’s Ed – Cut your cost by having your teen driver complete a driver education course if it’s offered in school.
• Seat Belt Usage – Buckling up and requiring all passengers to use their safety belts could save 15% off your medical payments premium.

As a disclaimer on discounts, some credits don’t apply the the whole policy. Most cut specific coverage prices like comprehensive or collision. Even though it may seem like all those discounts means the company will pay you, it doesn’t quite work that way. But any discount will help reduce the amount you have to pay.

To see a list of companies who offer insurance discounts, click here to view.

When might I need an agent?

When it comes to buying the best car insurance coverage for your vehicles, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance should reflect that These are some specific questions could help you determine whether or not you might need professional guidance.

• Is my teen driver covered when they drive my company car?
• What are the best liability limits?
• Are my tools covered if they get stolen from my vehicle?
• Am I covered when driving a rental car?
• Do I need added coverage for expensive stereo equipment?
• How do I file an SR-22 for a DUI in my state?
• Am I missing any policy discounts?
• What vehicles should carry emergency assistance coverage?

If it’s difficult to answer those questions then you might want to talk to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier

Specific coverages for a Porsche Carrera GT

Understanding the coverages of your policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by insurance companies.

Comprehensive coverages – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like damage from flooding, a tree branch falling on your vehicle, hitting a deer, rock chips in glass and damage from a tornado or hurricane. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for medical payments – Coverage for medical payments and/or PIP provide coverage for expenses like ambulance fees, funeral costs and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Porsche Carrera GT.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits are set the same as your liablity limits.

Collision coverages – Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as sustaining damage from a pot hole, crashing into a ditch, rolling your car, colliding with another moving vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Auto liability – Liability insurance protects you from injuries or damage you cause to people or other property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims such as bail bonds, attorney fees, court costs, funeral expenses and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but you should buy as much as you can afford.