2009 Porsche Cayman Car Insurance Rates – 9 Tips to Save

Searching for better insurance rates for your Porsche Cayman? Having to pay for overpriced insurance can take a big chunk out of your personal savings and force you to make sacrifices. Shopping your coverage around is a great way to make sure you’re not throwing money away. Big companies like State Farm, Progressive and Geico persitently shower you with fancy advertisements and it is difficult to sift through the bull and effectively compare rates to find the best deal.

Smart consumers take time to check insurance prices before your policy renews due to the fact that insurance rates trend upward over time. Even if you got the lowest price on Cayman coverage a year ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about insurance because you’re about to find out the fastest way to find better coverage at a better price.

Policy discounts you shouldn’t miss

Car insurance companies don’t list every discount in an easy-to-find place, so here is a list both the well known and the harder-to-find car insurance savings. If they aren’t giving you every credit you qualify for, you are throwing money away.

  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Driver Safety – Taking part in a course in driver safety can save you 5% or more depending on where you live.
  • Drive Less and Save – Driving fewer miles could be rewarded with better rates on cars that stay parked.
  • Early Switch Discount – Select companies give a discount for switching policies before your current policy expires. It’s a savings of about 10%.
  • Senior Discount – If you’re over the age of 55, you may receive a small decrease in premiums on Cayman coverage.
  • Federal Employees – Active or retired federal employment could cut as much as 10% off on Cayman coverage depending on your company.
  • Good Students Pay Less – This discount can save 20 to 25%. This discount can apply until age 25.
  • Drivers Ed for Students – Require your teen driver to take driver’s ed class in school.
  • Accident Waiver – Certain companies will forgive one accident without raising rates as long as you don’t have any claims prior to the accident.

Consumers should know that most discount credits are not given to your bottom line cost. Most only cut specific coverage prices like medical payments or collision. So despite the fact that it appears adding up those discounts means a free policy, companies wouldn’t make money that way.

Insurance companies that may offer these discounts include:

Double check with each insurance company what discounts are available to you. Some discounts may not be available in every state.

Insurance agents can help

When it comes to choosing adequate coverage, there isn’t really a single plan that fits everyone. Everyone’s situation is unique and your policy should reflect that. For instance, these questions can aid in determining if your insurance needs might need professional guidance.

  • Why am I required to buy liability insurance?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Why does it cost so much to insure a teen driver?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Should I have combined single limit or split liability limits?
  • Is my camper covered by my car insurance policy?
  • Does my 2009 Porsche Cayman need full coverage?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance coverage companies in your area. It’s fast, free and can help protect your family.

Do car insurance companies bend the truth?

Consumers can’t ignore all the ads for cheaper car insurance from companies such as State Farm and Allstate. All the companies make the same claim about savings if you switch your policy.

How can each company make almost identical claims? This is how they do it.

Insurance companies have a certain “appetite” for the type of customer that is profitable for them. For instance, a preferred risk might be over the age of 40, has no tickets, and drives less than 7,500 miles a year. A customer who fits that profile receives the best rates and as a result will probably cut their rates substantially.

Potential customers who don’t measure up to these standards will be quoted higher rates and ends up with business going elsewhere. The ads say “customers that switch” but not “drivers who get quotes” save money. This is how insurance companies can claim big savings. This emphasizes why you need to get quotes from several different companies. You cannot predict which company will give you the biggest savings on Porsche Cayman insurance.

Educate yourself about insurance coverages

Learning about specific coverages of your policy helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages found on the average insurance policy.

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. Covered losses include injuries to you and your family and also any damage incurred to your Porsche Cayman.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for chiropractic care, rehabilitation expenses, EMT expenses and nursing services. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Comprehensive coverages

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as hitting a bird, falling objects and a broken windshield. The maximum amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for collisions

This will pay to fix damage to your Cayman resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as backing into a parked car, sideswiping another vehicle, hitting a parking meter, crashing into a ditch and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Liability

Liability insurance can cover damages or injuries you inflict on other people or property in an accident. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability insurance covers things such as legal defense fees, funeral expenses, bail bonds, medical expenses and court costs. How much coverage you buy is up to you, but you should buy as much as you can afford.

Coverage on a shoestring budget

When buying insurance coverage, do not sacrifice coverage to reduce premiums. There are too many instances where someone dropped uninsured motorist or liability limits only to find out that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase plenty of coverage for the lowest price, not the least amount of coverage.

We’ve covered some good ideas how to reduce 2009 Porsche Cayman insurance prices online. The key thing to remember is the more rate quotes you have, the better your chances of lowering your rates. Drivers may discover the best prices are with a small mutual company. They can often provide lower rates in certain areas compared to the large companies like Allstate or State Farm.

Budget-conscious insurance can be sourced on the web and with local insurance agents, and you should be comparing both to have the best rate selection. Some insurance companies do not offer online quoting and most of the time these small insurance companies sell through independent agents.

Additional auto insurance information can be read on the following sites: