Compare 2011 Porsche Panamera Car Insurance Quotes

Searching for lower car insurance rates for your Porsche Panamera? Are you overwhelmed by the dozens of car insurance company choices? Lot’s of other consumers are too. Consumers have so many options that it can quickly become a lot of work to find the lowest price.

If you are paying for car insurance now, you will most likely be able to lower your premiums substantially using these tips. Locating the lowest cost protection is not that difficult. But drivers must comprehend how companies determine prices and take advantage of how the system works.

How to save on Porsche Panamera insurance

Insurance can cost an arm and a leg, buy you may qualify for discounts that you may not know about. A few discounts will automatically apply when you get a quote, but a few must be requested specifically in order for you to get them.

  • Club Memberships – Being a member of certain professional organizations could trigger savings on your policy on Panamera insurance.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less on Panamera insurance than drivers with accident claims.
  • Multiple Policy Discount – If you insure your home and vehicles with the same company you may earn approximately 10% to 15%.
  • Air Bag Discount – Cars that have air bags can get savings of 20% or more.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on the same insurance policy can get a discount on all vehicles.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use a seat belt could save 15% off your medical payments premium.
  • Student Driver Training – Have your child complete a driver education course in high school.
  • Discount for Swiching Early – Some companies give discounts for buying a policy before your current policy expires. The savings is around 10%.
  • Pay Upfront and Save – By paying your policy upfront rather than paying monthly you may reduce your total bill.

A little note about advertised discounts, most credits do not apply the the whole policy. Some only reduce specific coverage prices like liability and collision coverage. So when the math indicates adding up those discounts means a free policy, you’re out of luck. Any amount of discount will reduce your overall premium however.

Insurance companies that may offer these money-saving discounts include:

Double check with all companies you are considering what discounts are available to you. All car insurance discounts may not be available in every state.

Why you might be paying too much to insure your Porsche Panamera

Smart consumers have a good feel for the factors that go into determining your auto insurance rates. Having a good understanding of what influences your rates helps enable you to make changes that can help you get much lower annual insurance costs.

  • One company can mean more discounts – The majority of insurance companies will award you with lower prices to policyholders who have multiple policies with them such as combining an auto and homeowners policy. This can amount to 10 percent or more. Even if you’re getting this discount you may still want to shop around to confirm you are receiving the best rates possible. Consumers may find a better deal by insuring with multiple companies.
  • Drive a safer car and pay less – Safer cars are cheaper to insure. Safe vehicles protect occupants better and better occupant protection means less money paid by your insurance company and thus lower rates. If the Porsche Panamera is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Pleasure use saves money – The more miles you rack up on your Porsche in a year’s time the more you’ll pay to insure your vehicle. The majority of insurers charge to insure your cars based upon how you use the vehicle. Vehicles not used for work or commuting can get a lower rate compared to those used for work or business. Ask your agent if your auto insurance policy properly reflects how each vehicle is driven, because it can save money. Incorrect usage on your Panamera can result in significantly higher rates.
  • More claims means more premium – If you file claims often, you can definitely plan on either policy cancellation or increased premiums. Companies award better rates to policyholders who are claim-free. Your insurance policy is intended for major claims that would cause financial hardship.
  • Don’t sacrifice liability coverage – The liability section of your policy provides coverage if you are found liable for personal injury or accident damage. Liability provides legal defense starting from day one. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Traffic violations increase rates – Your driving citation history impacts your car insurance rates tremendously. Just one moving violation can boost insurance rates forty percent or more. Careful drivers have lower premiums than people who have multiple driving citations. Drivers who have severe citations like reckless driving, hit and run or driving under the influence may need to submit a SR-22 or proof of financial responsibility with their state DMV in order to drive a vehicle legally.
  • Lower deductibles cost more – Your deductibles represent how much money you are willing to pay before a claim is paid by your company. Physical damage coverage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some instances where coverage would apply are colliding with a building, collision with an animal, and rolling your vehicle. The more money you are required to pay out-of-pocket, the less your auto insurance will be on Panamera insurance.
  • Having a spouse can save you money – Having a spouse helps lower the price on your policy. Having a spouse means you’re more mature and responsible and statistics show being married results in fewer claims.

Tailor your coverage to you

When it comes to choosing the best car insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Everyone’s needs are different.

These are some specific questions might help in determining if you would benefit from an agent’s advice.

  • Why do I need rental car insurance?
  • What is an SR-22 filing?
  • Does my medical payments coverage pay my health insurance deductible?
  • When do I need to add a new car to my policy?
  • What if I owe more than I can insure my car for?
  • What is PIP insurance?
  • How do I buy GAP insurance?
  • If my pet gets injured in an accident are they covered?
  • Are there companies who specialize in insuring high-risk drivers?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

The fine print in insurance ads

Companies like State Farm and Allstate constantly bombard you with ads on television and other media. All the ads make the same claim that you can save if you switch to them. How do they all claim to save you money? It’s all in the numbers.

All the different companies have a preferred profile for the right customer they prefer to insure. For example, a profitable customer might be profiled as over the age of 50, owns a home, and has excellent credit. A driver who matches those parameters gets the lowest rates and is almost guaranteed to save quite a bit of money when switching.

Drivers who don’t measure up to the requirements will be charged higher premiums and this can result in business going elsewhere. The ads say “people who switch” but not “drivers who get quotes” save that kind of money. That’s the way insurance companies can make the claims of big savings.

That is why you need to compare many company’s rates. Because you never know the company that will fit your personal profile best.

Car insurance coverage specifics

Learning about specific coverages of your car insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Comprehensive car insurance – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as a broken windshield, a tree branch falling on your vehicle, falling objects and hail damage. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision coverage – This coverage will pay to fix damage to your Panamera resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as hitting a parking meter, colliding with a tree and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Liability coverage – Liability insurance protects you from damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Another option is one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as structural damage, court costs, repair costs for stationary objects, medical services and loss of income. How much coverage you buy is a personal decision, but you should buy higher limits if possible.

Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Porsche Panamera.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually these limits are similar to your liability insurance amounts.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage pay for bills for EMT expenses, pain medications, rehabilitation expenses, X-ray expenses and prosthetic devices. They are used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

One last thing about your coverage

As you prepare to switch companies, it’s a bad idea to reduce needed coverages to save money. There are a lot of situations where an accident victim reduced comprehensive coverage or liability limits only to find out they didn’t purchase enough coverage. Your aim should be to purchase a proper amount of coverage at a price you can afford.

Drivers who switch companies do it for a number of reasons such as policy non-renewal, delays in responding to claim requests, an unsatisfactory settlement offer or even not issuing a premium refund. It doesn’t matter what your reason, finding a great new company can be less work than you think.

You just read a lot of tips how to shop for 2011 Porsche Panamera insurance online. It’s most important to understand that the more companies you get rates for, the better chance you’ll have of finding lower rates. Consumers may even find the lowest priced insurance coverage comes from the smaller companies.

More detailed insurance coverage information is located at these sites: