Compare Porsche Cayman Insurance Rates in Mesa

We don’t have to tell you that auto insurance companies don’t want you quoting rates from other companies. People who shop rates annually will, in all likelihood, move their business because there is a high probability of getting low-cost coverage. A recent survey discovered that people who regularly compared price quotes saved about $3,400 over four years compared to policyholders who don’t make a habit of comparing rates.

If finding the best price on Porsche Cayman insurance is the reason you’re here, then having a grasp of how to compare insurance rates can make the process more efficient.

The most effective way to get affordable auto insurance rates in Mesa is to compare prices annually from insurance carriers who sell auto insurance in Arizona. Rates can be compared by following these guidelines.

1. Take a few minutes and learn about car insurance and the modifications you can make to keep rates low. Many rating factors that drive up the price such as multiple speeding tickets and a not-so-good credit history can be remedied by being financially responsible and driving safely. This article gives information to find cheap prices and find discounts that you may qualify for.
2. Quote rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO or Allstate, while independent agents can quote prices for a wide range of insurance providers. View rates
3. Compare the new quotes to your existing rates and see if you can save money. If you can save some money and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Provide proper notification to your current company of your decision to cancel your current coverage and submit a down payment along with a completed application for the new policy. Immediately upon receiving it, safely store the proof of insurance paperwork in your glove compartment.

A good tip to remember is to try to compare identical limits and deductibles on each price quote and and to look at every company you can. This provides the most accurate price comparison and a thorough price selection.

The companies in the list below are our best choices to provide price quotes in Arizona. If you want the best cheap car insurance in AZ, we suggest you get rate quotes from several of them to get a more complete price comparison.

Insurance coverage analysis

The coverage table displayed below showcases estimates of coverage costs for Porsche Cayman models. Being able to understand how insurance rates are formulated can be valuable when making smart choices when comparing insurance rates.

Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Rate information does not factor in Mesa location which can revise price quotes substantially.

Raise deductibles and save

One of the most common auto insurance questions is how high should the deductibles for physical damage be. The rates shown below illustrate the differences in price between high and low physical damage coverage deductibles. The first rate comparisons uses a $100 physical damage deductible and the second set of rates uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rates do not factor in specific garaging location which can impact auto insurance rates noticeably.

Based on these figures, using a $100 deductible would cost the average driver about $30 more each month or $360 a year across all Porsche Cayman models than buying the higher $500 deductible. Since you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 13 months between claims, you would save money by selecting a higher deductible.

An important thing to remember is that higher deductibles results in having to pay to pay more out-of-pocket at claim time. You must have some money saved in the event you have to pay more to get your vehicle repaired.

The illustration below illustrates how your choice of deductibles and can increase or decrease Porsche Cayman insurance premiums for different ages of insureds. The prices are based on a married male driver, full coverage, and no discounts are applied.

Careless driving habits raise auto insurance rates

The chart below highlights how traffic violations and accident claims drive up Porsche Cayman auto insurance rates for different categories of driver ages. The data assumes a single female driver, full coverage, $500 deductibles, and no discounts are applied to the premium.

Porsche Cayman full coverage rates compared to liability only

The illustration below shows the difference between Porsche Cayman insurance rates with and without physical damage coverage. The costs are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are not married, and no policy discounts are applied.

When to drop comprehensive and collision

There is no exact rule to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s say your Porsche Cayman replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If it’s costing in excess of $400 a year for your policy with full coverage, then you might consider buying liability only.

There are some situations where dropping physical damage coverage is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should keep full coverage in place.

Insurance is an important decision

Despite the fact that insurance is not cheap in Mesa, insurance may be mandatory for several reasons.

• The majority of states have minimum liability requirements which means it is punishable by state law to not carry a minimum amount of liability insurance coverage in order to be legal. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you bought your vehicle with a loan, almost all lenders will stipulate that you buy insurance to protect their interest in the vehicle. If you do not keep the policy in force, the lender will be forced to insure your Porsche at an extremely high rate and force you to pay the higher premium.
• Insurance protects not only your car but also your assets. It will also cover many types of medical costs for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if anyone sues you for causing an accident. If mother nature or an accident damages your car, your insurance policy will pay to have it repaired.

The benefits of having insurance definitely exceed the price paid, particularly for liability claims. In a recent study of 1,000 drivers, the average customer is overpaying over $800 each year so you should quote rates at every renewal to ensure rates are inline.

Five factors that impact insurance costs

Consumers need to have an understanding of a few of the rating criteria that come into play when calculating car insurance rates. If you have a feel for what determines base rates, this allows you to make good choices that could result in lower car insurance prices. Lots of factors are part of the calculation when you quote your car insurance policy. Some of the criteria are obvious such as your driving record, although others are less obvious like your continuous coverage or your financial responsibility.

The list below includes some of the things used by insurance companies to determine your premiums.

• High comp and collision deductibles reduce costs – Insurance for physical damage, also known as collision and other-than-collision, covers your vehicle from damage. Examples of some claims that would be covered could be a broken windshield, hitting a deer, and rolling your vehicle. The deductibles you choose define the amount you are required to pay if you file a covered claim. The more money the insured is willing to pay, the better rate you will receive.
• A car insurance policy lapse is a bad thing – Driving without insurance coverage in place is not a good idea and any future policy may cost more because you let your insurance coverage expire. In addition to paying higher rates, getting caught without coverage could result in a hefty fine and possibly a revoked license. You may then be required to provide proof of insurance in the form of an SR-22 filing with the Arizona motor vehicle department.
• Annual miles is a factor – Driving more miles every year the more it will cost to insure it. The majority of insurers rate vehicles partially by how you use the vehicle. Cars and trucks not used for work or commuting can get a lower rate than cars that get driven a lot. It’s always a good idea to double check that your car insurance declarations sheet shows the correct usage, because it can save money. Improper usage on your Cayman may be costing you.

• High performance equals high costs – The make and model of the car you own makes a significant difference in your premium level. Small economy passenger vehicles usually have the lowest rates, but the final cost of insurance is determined by many other factors.

  The data below uses these assumptions: married female driver age 40, full coverage with $250 deductibles, and no discounts or violations. The chart compares Porsche Cayman insurance rates compared to other vehicles that have different risk factors.

• More policies can equal more savings – Some insurance companies provide a discount for people who consolidate policies with them. It’s known as a multi-policy discount. The discount can add up to five, ten or even twenty percent. Even if you already get this discount, consumers should still comparison shop to make sure you are getting the best deal.There is a good possibility that you can save even more than the discount even if you have your coverage with different companies

• Loss statistics for a Porsche Cayman – Car insurance companies include the past claim history for a vehicle to help calculate premium rates. Vehicles that statistically have higher loss trends will have higher rates.

  The table shown below demonstrates the loss history for Porsche Cayman vehicles. For each policy coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, is set at 100. Percentages below 100 are indicative of better than average losses, while percentage numbers above 100 point to more frequent losses or tendency to have higher losses.

  
  

  Porsche Cayman Insurance Loss Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Porsche Cayman 2dr	183	40	99	36

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years

You can lower your insurance rates

When searching for affordable Porsche Cayman insurance quotes, don’t be tempted to skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut collision coverage only to find out they didn’t purchase enough coverage. The aim is to buy the best coverage you can find at a price you can afford, but do not skimp to save money.

Drivers change insurance companies for many reasons like policy cancellation, denial of a claim, not issuing a premium refund or poor customer service. Regardless of your reason for switching companies, finding a new company is not as hard as you think.

Cheap Porsche Cayman insurance in Mesa can be purchased from both online companies in addition to many Mesa insurance agents, and you should compare rates from both in order to have the best chance of saving money. Some companies do not offer price quotes online and these smaller companies only sell coverage through independent agents.

More resources

• Driving in Bad Weather (Insurance Information Institute)
• What Car Insurance is Cheapest After a Speeding Ticket in Mesa? (FAQ)
• Who Has Cheap Auto Insurance Quotes for High Mileage Drivers in Mesa? (FAQ)
• Insuring a Leased Car (Insurance Information Institute)
• Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)