Smart shoppers know that auto insurance companies don’t want you comparing rates. Drivers who get price comparisons are likely to switch to a new company because they have a good chance of finding good coverage at a lower price. A recent car insurance study revealed that drivers who regularly compared rates saved $860 a year compared to policyholders who don’t make a habit of comparing rates.
If finding low prices for car insurance is your ultimate goal, understanding how to get free comparison quotes and analyze car insurance can help simplify the process.
It takes a few minutes, but the best way to get cheaper Porsche Panamera insurance is to regularly compare prices from insurance carriers that sell auto insurance in Mesa. Drivers can shop around by completing these steps.
- Step 1: Spend a few minutes and learn about policy coverages and the measures you can take to keep rates low. Many policy risk factors that increase rates such as multiple speeding tickets and poor credit rating can be controlled by making small lifestyle or driving habit changes. Later in this article we will cover information to help prevent expensive coverage and find possible discounts that are available.
- Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like GEICO or State Farm, while independent agencies can quote prices for a wide range of insurance providers.
- Step 3: Compare the new rate quotes to your current policy and see if you can save money. If you find a better price and buy the policy, ensure coverage does not lapse between policies.
The key thing to know about shopping around is to use identical coverages on every quote request and and to look at as many car insurance companies as possible. This helps ensure a fair price comparison and plenty of rates choose from.
The method we recommend to get policy rate comparisons for Porsche Panamera insurance in Mesa is to take advantage of the fact most insurance companies have advanced systems to compare rate quotes. The only thing you need to do is provide the companies a bit of rating information such as daily mileage, marital status, if it has an anti-theft system, and the ages of drivers. That information is sent automatically to many of the top insurers and you will receive price estimates immediately.
If you wish to get multiple quotes for your Porsche Panamera now, click here and enter your coverage details.
The companies in the list below are ready to provide comparison quotes in Arizona. If multiple companies are listed, we suggest you click on several of them in order to get a fair rate comparison.
Detailed insurance information
The coverage table shown below covers a range of policy rates for Porsche Panamera models. Being able to understand how insurance prices are established helps drivers make informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $230 | $428 | $308 | $18 | $92 | $1,076 | $90 |
| Panamera 4S AWD 4-Dr Hatchback | $230 | $468 | $308 | $18 | $92 | $1,116 | $93 |
| Panamera Turbo AWD 4-Dr Hatchback | $264 | $548 | $308 | $18 | $92 | $1,230 | $103 |
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Prices do not factor in garaging location in Mesa which can impact rates considerably.
Deductible comparison
One of the hardest decisions when shopping for insurance is what deductibles to buy. The tables below help summarize how much more rates are between high and low deductibles. The first set of prices uses a $250 deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $410 | $738 | $300 | $18 | $90 | $1,581 | $132 |
| Panamera 4S AWD 4-Dr Hatchback | $410 | $808 | $300 | $18 | $90 | $1,651 | $138 |
| Panamera Turbo AWD 4-Dr Hatchback | $470 | $946 | $300 | $18 | $90 | $1,849 | $154 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $334 | $596 | $300 | $18 | $90 | $1,338 | $112 |
| Panamera 4S AWD 4-Dr Hatchback | $334 | $652 | $300 | $18 | $90 | $1,394 | $116 |
| Panamera Turbo AWD 4-Dr Hatchback | $382 | $764 | $300 | $18 | $90 | $1,554 | $130 |
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in specific garaging location which can modify coverage rates significantly.
Using the premium rates above, we can conclude that using a $250 deductible would cost the average driver about $22 more each month or $264 each year than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to go more than 11 months between claim filings, you would probably come out ahead by selecting a higher deductible. Here is the way this decision is made.
| Average monthly premium for $250 deductibles: | $141 |
| Average monthly premium for $500 deductibles (subtract): | – $119 |
| Monthly savings from raising deductible: | $22 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $22 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 11 months |
One important issue to know is that raising deductibles to save money means you will have to pay more of your own money if you have a claim. You must have some available funds in the event you have to pay more to get your vehicle repaired.
The diagram below illustrates how your choice of deductibles and can impact Porsche Panamera insurance costs for different age categories. The rate quotes are based on a single female driver, comp and collision included, and no discounts are taken into consideration.
Full coverage versus liability-only in Mesa
The information below illustrates the difference between Porsche Panamera insurance prices with full physical damage coverage compared to only buying liability only. The prices are based on no claims or driving citations, $500 deductibles, marital status is single, and no discounts are applied.
When to buy liability coverage only
There isn’t a steadfast formula that works best for making the decision to drop full coverage on your policy, but there is a general guideline. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
For example, let’s pretend your Porsche Panamera claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $7,000 after the deductible is paid. If it’s costing you more than $700 a year for full coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where removing full coverage is not a good plan. If you haven’t paid off your loan, you must maintain physical damage coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage.
Choosing Porsche vehicle insurance is an important decision
Despite the potentially high cost of Porsche Panamera insurance, insuring your vehicle serves several important purposes.
First, almost all states have mandatory insurance requirements which means state laws require specific minimum amounts of liability in order to drive the car. 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.
Second, if you have a lien on your car, it’s guaranteed your bank will have a requirement that you buy insurance to protect their interest in the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Porsche for a lot more money and force you to pay a much higher amount than you were paying before.
Third, insurance protects both your Porsche Panamera and your personal assets. It will also reimburse you for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability insurance also pays for attorney fees and expenses if you are sued as the result of your driving. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.
The benefits of carrying enough insurance are without a doubt worth the cost, particularly if you ever have a claim. As of last year, the average driver in Arizona overpays as much as $700 annually so it’s recommended you shop around once a year at a minimum to be sure current rates are still competitive.
When should I discuss my situation with an agent?
When selecting proper insurance coverage, there is no best way to insure your cars. You are unique.
Here are some questions about coverages that can aid in determining whether your personal situation may require specific advice.
- Who is covered by my policy?
- Is there coverage for my trailer?
- If my pet gets injured in an accident are they covered?
- Am I getting all the discounts available?
- What are good deductibles for a Porsche Panamera?
- Am I covered if I hit a deer?
- Do I need medical payments coverage since I have good health insurance?
If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed agent. To find lower rates from a local agent, simply complete this short form.
Coverages available on your policy
Having a good grasp of your policy helps when choosing the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.
Comprehensive coverage – This pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like rock chips in glass, hitting a bird, damage from a tornado or hurricane, falling objects and damage from getting keyed. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Collision coverage – This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like sideswiping another vehicle, rolling your car and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to raise the deductible on your Panamera to bring the cost down.
Liability insurance – Liability insurance provides protection from damage or injury you incur to other’s property or people in an accident. It protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 15/30/10 that means you have $15,000 bodily injury coverage, a total of $30,000 of bodily injury coverage per accident, and $10,000 of coverage for damaged property.
Liability can pay for claims such as repair bills for other people’s vehicles, bail bonds and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford. Arizona state law requires minimum liability limits of 15/30/10 but you should consider buying more liability than the minimum.
The illustration below shows why buying low liability limits may not be high enough to adequately cover claims.
Uninsured/Underinsured Motorist coverage – This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your Porsche Panamera.
Since many Arizona drivers carry very low liability coverage limits (which is 15/30/10), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance reimburse you for bills for things like nursing services, hospital visits and X-ray expenses. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
Affordable auto insurance premiums are possible
We covered quite a bit of information on how to get a better price on Porsche Panamera insurance in Mesa. The key concept to understand is the more you quote Mesa car insurance, the higher the chance of saving money. You may even be surprised to find that the best price on auto insurance is with a smaller regional carrier.
People who switch companies do it for many reasons like not issuing a premium refund, policy cancellation, questionable increases in premium or lack of trust in their agent. It doesn’t matter what your reason, switching companies can be easier than you think.
Some auto insurance companies do not provide the ability to get a quote online and usually these regional insurance providers only sell through local independent agencies. More affordable auto insurance in Mesa can be sourced on the web in addition to local insurance agencies, and you should be comparing both to have the best selection.
More information can be found at these links:
- Booster Seat Ratings (iihs.org)
- Who Has the Cheapest Mesa Auto Insurance Rates for Government Employees? (FAQ)
- Rental Car Insurance Tips (Insurance Information Institute)
- Child Safety FAQ (iihs.org)
- What is a Telematics Device? (Allstate)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)