Car Insurance Quotes for a Porsche Boxster in Raleigh

How long has it been since you shopped around for more competitive Porsche Boxster insurance in Raleigh? Wish you could get out of an expensive car insurance policy? Trust us when we tell you there are lots of Raleigh residents who feel the same.

A recent car insurance study discovered that about 70% of customers kept their policy with the same company for four years or more, and practically 40% of car insurance customers have never shopped around. North Carolina insurance shoppers could save roughly $100 a year just by comparing rates, but most undervalue how much savings they would realize if they switched.

Steps to buying lower priced Porsche Boxster insurance in Raleigh

If saving money is your primary concern, then the best way to get the cheapest Porsche Boxster insurance in Raleigh is to start comparing prices regularly from insurers that sell auto insurance in North Carolina.

1. Spend a few minutes and learn about how insurance works and the steps you can take to keep rates down. Many policy risk factors that increase rates such as inattentive driving and an unfavorable credit rating can be improved by making minor changes to your lifestyle. Later in this article we will cover tips to lower rates and find available discounts that you may qualify for.
2. Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from a single company like Progressive and State Farm, while independent agencies can quote prices from multiple sources.
3. Compare the new rates to your current policy to see if cheaper Boxster coverage is available. If you find a better price and make a switch, make sure there is no coverage gap between policies.
4. Tell your current company to cancel your current auto insurance policy and submit payment and a completed application to your new company or agent. Immediately store the certificate of insurance with your registration paperwork.

A valuable tip to remember is that you’ll want to compare similar deductibles and liability limits on every price quote and and to compare every insurance company. Doing this helps ensure the most accurate price comparison and a thorough price selection.

You have so many insurers to pick from, and although it’s nice to have multiple companies, lots of choices makes it harder to compare rates for Porsche Boxster insurance in Raleigh.

Buying affordable car insurance in Raleigh is quite easy if you know the best way to do it. If you have insurance now or are just looking to switch companies, you can use these tips to shop for the lowest rates without reducing coverage. Consumers just need to use the proper way to compare insurance rates on the web.

Get More Affordable Insurance Rates by Understanding These Factors

It’s important that you understand some of the factors that go into determining the rates you pay for car insurance. When consumers understand what determines premiums, this empowers consumers to make smart changes that could result in better car insurance rates.

The factors shown below are some of the most common factors used by insurance companies to determine premiums.

Liability insurance is peace of mind – The liability section of your policy will provide protection when you are ruled to be at fault for physical damage or personal injury to other. Your policy’s liability insurance provides legal defense which can be incredibly expensive. Liability is cheap compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.

Women tend to take less risk – Statistics demonstrate that men are more aggressive behind the wheel. It does not mean men are worse drivers. Women and men are responsible for auto accidents in similar percentages, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get cited for more serious violations like reckless driving and DUI. Young males generally have the highest accident percentage and are penalized with high car insurance rates.

The diagram below compares Porsche Boxster insurance premiums for male and female drivers. The costs are based on no claims or driving citations, comprehensive and collision coverage, $250 deductibles, single status, and no policy discounts are applied.

Small coverages can add up – There are a lot of optional add-on coverages you can purchase on your car insurance policy. Coverage for things like rental car reimbursement, towing coverage, and additional equipment coverage may not be needed and are just wasting money. They may seem good when buying your policy, but if they’re wasting money eliminate the coverages to reduce your premium.

How credit rating affects car insurance costs – Having a bad credit rating is likely to be a major factor in determining what you pay for car insurance. So if your credit score is lower than you’d like, you may save money insuring your Porsche Boxster by spending a little time repairing your credit. Consumers who have very high credit ratings tend to be more responsible than drivers with lower credit ratings.

Location can modify price – Choosing to live in less populated areas can be a good thing if you are looking for the lowest rates. Fewer drivers on the road corresponds to lower accident rates and lower theft and vandalism rates. Drivers in populated North Carolina areas have traffic congestion and more severe claims. More time commuting translates into higher accident risk.

Is your car built for speed? – The performance of the vehicle you need insurance for makes a significant difference in how high your rates are. The lowest performance passenger vehicles usually have the lowest rates, but that’s not the only thing that factors into the final price.

The data below assumes a married female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Porsche Boxster rates compared to other models of vehicles that have different risk factors.

Loss probability for a Porsche Boxster – Insurance companies use past insurance losses to help set a rate to offset losses. Models that the data determines to have a trend towards higher claims will have higher rates. The table below outlines the compiled insurance loss statistics for Porsche Boxster vehicles.

For each coverage type, the claim probability for all vehicles, regardless of manufacturer or model, is set at 100. Numbers that are below 100 are indicative of better than average losses, while percentage numbers above 100 show a trend for more claims or an increased chance of larger losses than average.

Porsche Boxster insurance coverage information

The premium information shown below showcases estimates of rate quotes for Porsche Boxster models. Having a better understanding of how policy premiums are determined is important for you to make smart buying decisions.

Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Information does not factor in your specific Raleigh location which can impact premiums noticeably.

Comparison of policy deductibles

One of the more difficult decisions when buying insurance is how high should the physical damage deductibles be. The rates shown below may help to conceptualize the rate difference when you choose different comp and collision deductibles. The first data table uses a $250 deductible for comp and collision and the second price chart uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Rates do not factor in zip code location which can alter coverage prices considerably.

Based on the figures above, using a $250 deductible could cost the average driver approximately $25 more each month or $300 a year than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 30 months between claim filings, you would probably come out ahead going with the higher deductible.

How violations and accidents impact rates

The illustration below shows how speeding tickets and at-fault accidents can drive up Porsche Boxster auto insurance costs for each different age group. Data assumes a married female driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.

These discounts can lower your car insurance quotes

Auto insurance companies don’t list every possible discount very clearly, so the next list breaks down both well-publicized as well as the least known discounts you could be receiving when you buy Raleigh car insurance online.

• Payment Discounts – By paying your entire bill at once rather than paying monthly you could save 5% or more.
• New Car Discount – Insuring a new Boxster can save up to 30% since new model year vehicles are generally safer.
• Low Mileage Discounts – Keeping the miles down on your Porsche can earn better prices on cars that stay parked.
• Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase life insurance.
• Raleigh Homeowners Pay Less – Owning a house in Raleigh can save a few bucks because maintaining a house demonstrates responsibility.
• Defensive Driver – Participating in a course teaching defensive driving skills could earn you a small percentage discount and easily pay for the cost of the class.
• Membership in Organizations – Participating in qualifying employment or professional organizations can get you a small discount when shopping for car insurance.
• Passive Restraints – Cars that have air bags and/or automatic seat belt systems could see savings of more than 20%.
• Good Grades Discount – Getting good grades could provide a savings of up to 20% or more. This discount can apply until age 25.

While discounts sound great, it’s important to understand that many deductions do not apply to your bottom line cost. A few only apply to specific coverage prices like medical payments or collision. Even though it may seem like all those discounts means the company will pay you, companies wouldn’t make money that way.

The information below illustrates the difference between Porsche Boxster car insurance rates with and without discounts applied to the policy rates. The costs are based on a female driver, no accidents, no driving violations, North Carolina state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, multi-car, marriage, and homeowner discounts applied.

A list of car insurance companies and some of the discounts are included below.

• 21st Century may offer discounts for driver training, theft prevention, 55 and older, homeowners, anti-lock brakes, and student driver.
• Progressive has discounts for multi-vehicle, homeowner, good student, online quote discount, and multi-policy.
• State Farm may have discounts that include anti-theft, accident-free, Drive Safe & Save, driver’s education, and Steer Clear safe driver discount.
• Nationwide has savings for family plan, anti-theft, business or organization, multi-policy, easy pay, and defensive driving.
• Esurance offers discounts for good driver, anti-lock brakes, homeowner, emergency road assistance, defensive driver, and paid-in-full.
• The Hartford may include discounts for anti-theft, vehicle fuel type, good student, defensive driver, and driver training.

If you need cheaper Raleigh car insurance quotes, ask all the companies which discounts they offer. Depending on the company, some discounts might not apply in every state.

Ratings for Raleigh car insurance companies

Buying coverage from the best insurer is hard considering how many companies provide coverage in North Carolina. The ranking information shown next may help you analyze which coverage providers you want to consider when comparing rate quotes.

Top 10 Raleigh Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Top 10 Raleigh Car Insurance Companies Ranked by Customer Service

1. USAA
2. Travelers
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Safeco Insurance
7. Progressive
8. State Farm
9. The Hartford
10. The General

Compare but don’t skimp

Cheap Porsche Boxster insurance in Raleigh is definitely available online and from local agencies, and you need to price shop both to have the best rate selection. Some insurance providers may not provide the ability to get quotes online and most of the time these smaller providers only sell through independent insurance agents.

As you prepare to switch companies, never reduce coverage to reduce premium. In many cases, drivers have reduced comprehensive coverage or liability limits and learned later that their decision to reduce coverage ended up costing them more. Your focus should be to find the BEST coverage at the lowest possible cost and still be able to protect your assets.

Steps to buying discount Porsche Boxster insurance in Raleigh

To save the most money, the best way to get discount Porsche Boxster insurance in Raleigh is to compare prices at least once a year from providers in North Carolina.

Step 1: Take a little time to learn about how companies set rates and the changes you can make to keep rates in check. Many rating criteria that cause rate increases such as speeding tickets, accidents and your credit history can be eliminated by making minor changes in your lifestyle.

Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive and State Farm, while agents who are independent can provide rate quotes from multiple companies.

Step 3: Compare the new quotes to your existing rates and see if you can save money. If you find a lower rate and make a switch, make sure coverage does not lapse between policies.

Step 4: Provide written notification to your current company of your decision to cancel your current coverage. Submit the required down payment along with the signed application to the new insurer. Immediately upon receiving it, put the new proof of insurance certificate somewhere easily accessible.

The key aspect of shopping around is to try to compare the same coverage limits and deductibles on every price quote and to quote with as many companies as possible. Doing this ensures a fair price comparison and maximum price selection.

For more information, feel free to visit the following helpful articles:

• Rental Car Insurance Tips (Insurance Information Institute)
• Who Has Cheap Raleigh Auto Insurance for Seniors? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for a School Permit in Raleigh? (FAQ)
• What Auto Insurance is Cheapest for Real Estate Agents in Raleigh? (FAQ)
• Steps to Take After an Auto Accident (Insurance Information Institute)
• What is Covered by GAP Insurance? (Allstate)