Easy Five Minute Guide to Comparing Porsche Cayenne Insurance

Trying to find low-cost insurance for a Porsche Cayenne can be a lot of work, but you can learn these tips to make it easier. There are more efficient ways to buy auto insurance and you need to know the best way to compare rates for a Porsche and get the cheapest rates from both online companies and local agents.

Choosing the best insurance company for you is not rocket science. Basically, everyone who is required by state law to have auto insurance most likely will be able to save money. But vehicle owners need to have an understanding of how companies determine prices and apply this information to your search.

To find more affordable quotes, there are a couple of ways to compare rate quotes from companies that offer auto insurance in your state. The easiest way by far to comparison shop is to get quotes online. This is quite simple and can be completed in several different ways.

Without a doubt, the easiest way to get quotes for comparison is a comparison rater form like this one (opens in new window). This method eliminates the need for separate quote forms for each company. One simple form will get you rate comparisons direct from many companies. This is perfect if you don’t have a lot of time.

A slightly less efficient method to compare prices is to take the time to go to the website for every company you want to comare to complete a price quote. For instance, let’s assume you want to compare rates from State Farm, Safeco and Allstate. You would have to take the time to go to each site and punch in your information repeatedly, which can get old fast.

For a list of companies in your area, click here.

The least recommended way to compare rates is to spend time driving to different agent offices. Shopping for auto insurance online eliminates the need for an insurance agent unless you require the peace of mind that only a licensed agent can provide. Some companies do allow you to price shop online but have a local agent actually write the policy.

It’s your choice how you get your quotes, but be sure you’re using the exact same coverage limits for every company. If you use different liability limits it’s impossible to determine which rate is truly the best. Even a minor difference in insurance coverages could skew the results. Keep in mind that comparing a large number of companies helps increase your odds of locating a lower rate than you’re paying now.

Discounts to earn lower auto insurance rates

Some companies don’t always publicize every possible discount very well, so the list below gives a summary of a few of the more well known and the more hidden credits available to you.

New Car Discount – Insuring a new car can get you a discount since new model year vehicles are generally safer.
Safety Restraint Discount – Forcing all vehicle occupants to buckle up could cut 10% or more off the PIP or medical payment premium.
Air Bag Discount – Options like air bags and/or automatic seat belt systems may get savings of 20% or more.
Good Driver Discounts – Drivers who don’t get into accidents can pay as much as 50% less on Cayenne coverage than their less cautious counterparts.
Discount for Life Insurance – Larger insurance carriers have a break if you buy a life policy as well.
Student Driver Training – Have your child complete a driver education course as it can save substantially.
Distant Student – Children who attend college more than 100 miles from home and do not have access to a covered vehicle could get you a discount.
Service Members Pay Less – Having a deployed family member can result in better rates.

As is typical with insurance, some credits don’t apply to the entire policy premium. Most only reduce the cost of specific coverages such as comp or med pay. Just because you may think you could get a free auto insurance policy, company stockholders wouldn’t be very happy. But all discounts will definitely reduce your policy premium.

Popular auto insurance companies and the discounts they provide are outlined below.

Progressive may include discounts for online signing, good student, continuous coverage, multi-vehicle, homeowner, and multi-policy.
MetLife has discounts for multi-policy, good student, accident-free, defensive driver, and claim-free.
Mercury Insurance has savings for multi-car, anti-theft, low natural disaster claims, age of vehicle, and ease of repair.
Nationwide discounts include defensive driving, Farm Bureau membership, accident-free, good student, easy pay, and business or organization.
GEICO may offer discounts for anti-theft, good student, driver training, five-year accident-free, daytime running lights, and membership and employees.
AAA offers discounts for AAA membership discount, good student, good driver, anti-theft, multi-policy, education and occupation, and pay-in-full.

Before purchasing a policy, check with each insurance company which discounts can lower your rates. Discounts may not be offered in your area.

Independent or captive car insurance agents

Many people would rather buy from a local agent and that can be a great decision A good thing about comparing auto insurance online is that you can find better rates and also buy local.

For easy comparison, once you complete this form (opens in new window), the quote information is emailed to local insurance agents that give free quotes for your insurance coverage. You never need to contact any insurance agencies due to the fact that quote results will go to you instantly. You can find the lowest rates without the usual hassles of price shopping. If you wish to compare prices from one company in particular, you just need to find their quoting web page and submit a quote form there.

Picking the best provider needs to be determined by more than just the bottom line cost. Any agent should be willing to answer these questions.

If independent agents, which companies do they recommend?
What discounts might you be missing?
Will you work with the agent or an assistant?
Where would glass claims be handled?
How are they compensated?

Two types of auto insurance agents

If you prefer to buy auto insurance from a reliable insurance agent, you need to know there are two types of insurance agents and how they differ in how they can insure your vehicles. Agents can be classified as either captive agents or independent agents.

Captive Insurance Agencies

Captive insurance agents can only quote rates from one company such as State Farm, Allstate, or Farmers Insurance. Captives cannot provide prices from multiple companies so they really need to provide good service. Captive agencies are well trained on their products and sales techniques which helps them compete with independent agents. Some insured continue to purchase coverage from captives partially due to the brand rather than low price.

Independent Auto Insurance Agencies

Agents of this type are not required to write business for one company so they can quote policies through many companies and find the cheapest auto insurance rates. If they find a lower price, they simply move the coverage in-house which is easy for the insured.

When searching for an agent, it’s a good idea to include price quotes from a couple of independent agencies to ensure the widest selection of prices. Most also have access to less well-known companies that may provide cheaper auto insurance rates.

To select from insurance agencies near you, here is a link to find a neighborhood auto insurance provider.

Everyone needs different auto insurance coverages

When it comes to buying the right insurance coverage, there is no “best” method to buy coverage. Everyone’s situation is unique.

Here are some questions about coverages that might point out whether your personal situation may require specific advice.

Am I covered if I drive in a foreign country?
Will my rates increase for filing one claim?
Should I have combined single limit or split liability limits?
Do I need added coverage for expensive stereo equipment?
Will I lose any money if I cancel my policy before it expires?
Can I afford to pay high deductible claims out of pocket?
When do I need to add a new car to my policy?
I have good health insurance, so how much medical payments coverage do I need?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find lower rates from a local agent, fill out this quick form.

You Can Change Your Insurance Costs

Smart consumers have a good feel for some of the things that go into determining your auto insurance rates. If you have some idea of what positively or negatively impacts your premiums, this allows you to make good choices that could help you find lower premium levels.

Lower rates come with age – More mature drivers are shown to be more cautious, file fewer claims , and usually have better credit.Drivers with little experience have been known to be careless and easily distracted in a vehicle and because of this, their auto insurance rates are much higher.
Job stress can affect premiums – Did you know your auto insurance rates can be affected by your occupation? Occupations such as fire fightersairline pilots and dentists tend to pay higher premiums than the average policyholder in part from high stress levels and incredibly demanding work hours. On the other hand, jobs like farmers, athletes and homemakers have lower than average premiums on Cayenne coverage.
Car insurance liability limits – The liability coverage on your policy is the coverage that protects you if you are found to be at fault for damages from an accident. It provides legal defense starting from day one. Liability insurance is quite affordable compared to other policy coverages, so do not skimp.
Add-on coverages can cost a lot – There are quite a few extra bells and whistles you can purchase if you aren’t careful. Coverage for things like coverage for rental cars, better glass coverage, and term life insurance could be just wasting money. These may sound like a good investment initially, but if they’re wasting money consider taking them off your policy.
Proper usage rating affects prices – Driving more miles each year the higher your rates will be. Many insurance companies calculate prices based upon how you use the vehicle. Autos that have low annual miles receive lower rates than vehicles that are driven to work every day. Having an incorrect usage rating on your Cayenne is just wasting money. It’s always a good idea to double check that your auto insurance policy reflects the correct usage.
Low credit history equals high premiums – Your credit rating is a big factor in determining your rates. If your credit could use some work, you may save money insuring your Porsche Cayenne by taking the time to improve your credit score. Insureds with high credit scores tend to be more responsible and file fewer claims than drivers who have poor credit.
Where you call home can affect costs – Being located in areas with lower population has definite advantages when trying to find low car insurance rates. Drivers who live in large cities have to deal with congested traffic and a longer drive to work. Fewer people translates into fewer accidents and also fewer theft and vandalism claims.

Beware of misleading auto insurance ads

Auto insurance companies such as Progressive, Allstate and GEICO regularly use television and radio advertisements. They all seem to make the same claim about savings if you move your policy. How is it possible that every company can give you a lower rate?

Most companies give the cheapest rates for the type of driver that will add to their bottom line. For instance, a preferred risk may be over the age of 40, has no prior claims, and drives a car with an anti-theft system. A customer that fits those parameters will get the preferred premium rates and have a good chance to save money with a new company.

People who cannot meet those criteria will be quoted higher prices which results in business going elsewhere. If you listen to the ad wording, they say “customers that switch” not “all people who quote” save that much. This is how insurance companies can make those statements. Because every company is different, you need to compare often. Because you cannot predict which insurance companies will be your best fit.

Don’t give up on affordable coverage

We just showed you a lot of ways to reduce Porsche Cayenne insurance prices online. It’s most important to understand that the more providers you compare, the higher your chance of finding . Drivers may discover the lowest prices are with a small local company.

Consumers leave their current company for a number of reasons such as high prices, policy cancellation, an unsatisfactory settlement offer and even delays in paying claims. Whatever your reason, finding the right auto insurance provider can be pretty painless.

Budget-conscious Porsche Cayenne insurance can be bought both online as well as from insurance agents, so you need to with both to get a complete price analysis. Some insurance companies don’t offer online price quotes and usually these regional carriers only sell coverage through independent agencies.