Auto Insurance Quotes for a Porsche Cayman in San Diego

Have you had enough of sacrificing to make your car insurance payment? You are no different than millions of other people.

Inconceivable but true, a large majority of consumers have been with the same company for over three years, and approximately 38% of consumers have never compared rates with other companies. San Diego drivers can cut their rates by roughly 35% a year by just comparing rate quotes, but most just don’t grasp how much money they would save if they bought a different policy. People have many insurers to insure vehicles with, and though it is a good thing to have a selection, lots of choices makes it harder to compare company pricing for Porsche Cayman insurance in San Diego.

Finding low cost Porsche Cayman insurance quotes can be surprisingly simple. All you need to do is invest a little time to get quotes from different insurance companies.

Doing price comparisons online is so simple that it replaces the need to call or drive to insurance agencies in your area. The fact that you can get quotes online makes this process obsolete unless you have a complicated situation and need the personal advice only provided by licensed San Diego agents. It is possible with some companies find lower rates online but have your policy serviced through an agent.

The companies shown below provide price quotes in San Diego, CA. If multiple companies are listed, we suggest you compare several of them to get the cheapest price.

Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Price information does not factor in vehicle garaging location which can alter auto insurance rates considerably.

Tickets and at-fault accidents raise rates

The illustration below illustrates how traffic citations and fender-benders influence Porsche Cayman annual premium costs for different age categories. The information is based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.

Can higher deductibles save money?

One of the most common auto insurance questions is which deductibles should you choose. The figures shown below help summarize the cost difference when you choose different physical damage coverage deductibles. The first pricing table uses a $100 physical damage deductible and the second set of rates uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Prices do not factor in your specific San Diego location which can lower or raise price quotes substantially.

Based on the above data, using a $100 deductible will cost you about $44 more each month or $528 a year than choosing the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 9 months between claims, you would probably save some money going with the higher deductible.

Score discounts to get cheaper San Diego auto insurance quotes

Some insurers don’t list every discount available in an easy-to-find place, so the following is a list of some of the best known and also the lesser-known credits that you can use to lower your rates. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

• Government Employees – Federal government employees could cut as much as 10% off with select insurance companies.
• Drive Safe and Save – Drivers without accidents can save as much as half off their rates than drivers with accident claims.
• Policy Bundle Discount – If you can bundle your homeowners and auto insurance with one company you could earn a discount of up to 20% off your total Cayman insurance premium.
• Anti-theft System – Cars, trucks, and SUVs optioned with advanced anti-theft systems are stolen with less frequency so companies will give you a small discount.
• Driver’s Ed – Require your teen driver to take driver’s ed class in high school.
• Seat Belts Save – Buckling up and requiring all passengers to buckle up can save a little on medical payment and PIP coverage.
• ABS and Traction Control Discounts – Vehicles that have anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.

Don’t be shocked that most discount credits are not given to the entire cost. Most cut specific coverage prices like collision or personal injury protection. So even though they make it sound like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

Some of the larger companies who might offer these benefits possibly include:

• State Farm
• Nationwide
• GEICO
• AAA
• 21st Century
• The Hartford

Check with every prospective company how you can save money. Some credits may not apply to policies everywhere. If you would like to choose from a list of insurers that have a full spectrum of discounts in San Diego, follow this link.

Are auto insurance agents used anymore?

A small number of people just prefer to get advice from a local agent and we recommend doing that Most agents can help you choose the best coverages and give you someone to call. One of the benefits of comparing insurance prices online is you may find the lowest rates and still buy from a local agent. Buying from and supporting neighborhood agents is still important in San Diego.

Upon completion of this quick form, your insurance coverage information gets sent to agents in your area who want to provide quotes for your business. There is no need to visit any agencies because prices are sent directly to your email. If you wish to get a comparison quote for a specific company, you can always navigate to their website and complete a quote there.

If you are wanting to purchase insurance from a local insurance agency, there are a couple of different agency structures from which to choose. Insurance agents can either be exclusive agents or independent agents. Either one can do a good job, but it’s a good idea to understand the subtle differences because it may have an impact on your agent selection.

Independent Insurance Agents

These type of agents do not sell for just one brand and that allows them to write policies through lots of different companies and help determine which has the cheapest rates. If they find a lower price, they simply move the coverage in-house and you don’t have to find a new agent. If you need cheaper insurance rates, it’s a good idea to compare quotes from a couple of independent agencies so that you have a good selection of quotes to compare.

Shown below is a small list of independent agents in San Diego who may be able to give you comparison quotes.

View more San Diego agents

Exclusive Insurance Agencies

Exclusive insurance agents normally can only provide a single company’s rates like Allstate and State Farm. They usually cannot provide rate quotes from other companies so you need to shop around if the rates are high. Exclusive agents are well schooled on what they offer and that enables them to sell even at higher rates.

Listed below are exclusive agents in San Diego who can help you get price quote information.

View more San Diego agents

Deciding on an car insurance agent should include more criteria than just a cheap price. These are valid questions to ask:

• How much training do they have in personal risk management?
• If independent agents, which companies do they recommend?
• Will they take your side in the event of a claim?
• Do they assist clients in filing claims?
• Does the company allow you to choose your own collision repair facility?

If you receive positive feedback for all questions you ask and a good coverage price, you’ve probably found a car insurance agent that is a good match to service your policy.

Why Your Insurance Costs might be higher

Lots of things are part of the calculation when you get your auto insurance bill. Some are pretty understandable such as your driving history, although some other factors are less obvious like your vehicle usage or your vehicle rating. Consumers need to have an understanding of a few of the rating criteria that come into play when calculating auto insurance rates. If you have a feel for what positively or negatively impacts your premiums, this allows you to make educated decisions that could result in lower premium levels.

• Physical damage deductibles – Physical damage deductibles define the amount you are required to spend out-of-pocket before a claim is paid by your company. Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of covered claims could be colliding with a stationary object, damage caused by hail, and damage from wind. The higher the amount you choose to pay out-of-pocket, the bigger discount you will receive.
• Excellent credit saves on auto insurance – Having a bad credit rating is likely to be a major factor in determining your rates. Therefore, if your credit can use some improvement, you may save money insuring your Porsche Cayman by taking the time to improve your credit score. Drivers who have high credit ratings tend to file fewer claims and have better driving records than drivers who have lower ratings.
• Premiums increase with driving tickets – Just one driving citation can bump up the cost to the point where it’s not affordable. Careful drivers get better rates than people who have multiple driving citations. People who have serious tickets such as DWI, reckless driving or hit and run convictions may face state-mandated requirements to maintain a SR-22 with their state’s licensing department in order to drive a vehicle legally.
• Prices may be lower depending on your occupation – Did you know your job can affect your rates? Occupational choices like judges, business owners and stock brokers usually pay higher premiums than the average policyholder attributed to intense work situations and long work hours. Other jobs such as actors, historians and retirees pay lower than average rates.
• Porsche Cayman historical loss data – Companies include the past claim trends for vehicles to help calculate a profitable premium price. Models that statistically have higher losses will have a higher premium rate. The table below outlines the loss history for Porsche Cayman vehicles.

  For each coverage type, the loss probability for all vehicles, as a total average, is considered to be 100. Values that are below 100 suggest a positive loss record, while numbers above 100 point to more frequent losses or statistically larger claims.

  Insurance Loss Ratings for Porsche Cayman Vehicles

  Specific Porsche 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
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Choosing Porsche vehicle insurance is an important decision

Despite the high insurance cost for a Porsche Cayman in San Diego, maintaining insurance is most likely required but also gives you several important benefits.

First, most states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a minimum amount of liability if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if you have a loan on your Porsche Cayman, it’s most likely the lender will force you to carry insurance to guarantee loan repayment. If coverage lapses or is canceled, the lender will be forced to insure your Porsche for a much higher rate and require you to pay much more than you were paying before.

Third, insurance protects both your assets and your Porsche. It also can pay for medical expenses that are the result of an accident. Liability insurance will also pay to defend you if you cause an accident and are sued. If you have damage to your Porsche as the result of the weather or an accident, your policy will cover the repair costs.

The benefits of buying auto insurance definitely exceed the cost, particularly when you have a large claim. An average driver in America overpays more than $830 a year so smart consumers compare quotes at every renewal to save money.

One last thing about your coverage

A few companies may not offer rate quotes online and most of the time these smaller providers sell through independent agents. Low-cost Porsche Cayman insurance in San Diego can be sourced from both online companies in addition to many San Diego insurance agents, so you should be comparing quotes from both to get a complete price analysis.

We covered a lot of techniques to get a better price on Porsche Cayman insurance in San Diego. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding affordable Porsche Cayman insurance quotes. Consumers could even find that the most savings is with a smaller regional carrier. These companies may cover specific market segments cheaper as compared to the big name companies such as State Farm and Allstate.

To read more, feel free to browse the articles below:

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• Who Has Cheap San Diego Auto Insurance for Uber Drivers? (FAQ)
• What Insurance is Cheapest for Electric Cars in San Diego? (FAQ)
• Who Has Affordable San Diego Car Insurance Quotes for Retired Military? (FAQ)
• Understanding Limits and Deductibles (Allstate)
• Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)