We don’t have to point out that fact that insurance companies don’t want policyholders to compare prices from other companies. Insureds who shop around annually will, in all likelihood, switch auto insurance companies because there are good odds of finding a policy with more affordable rates. A recent study showed that drivers who routinely shopped for cheaper coverage saved about $865 annually compared to people who didn’t regularly shop around.
If finding the best price on Porsche Cayenne insurance is why you’re reading this, then knowing how to get rate quotes and compare insurance premiums can make it simple to find affordable coverage.
It takes a few minutes, but the best way to get discount Porsche Cayenne insurance in Raleigh is to compare quotes annually from providers in North Carolina.
- First, get an understanding of how insurance works and the steps you can take to drop your rates. Many factors that cause high rates like your driving record and an imperfect credit rating can be controlled by paying attention to minor details. Keep reading for information to keep prices down and find more discounts that you may not know about.
- Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO or Farmers Insurance, while independent agencies can quote rates from multiple companies.
- Third, compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available in Raleigh. If you find better rates, make sure coverage does not lapse between policies.
The key thing to know about shopping around is to make sure you’re comparing identical coverages on every price quote and and to get price estimates from every insurance company. Doing this ensures an apples-to-apples comparison and the best rate selection.
Take these six policy discounts and save on Porsche Cayenne insurance in Raleigh
Some companies don’t always publicize all their discounts in a way that’s easy to find, so the list below contains some of the best known and the harder-to-find credits that you can use to lower your rates. If you check and find you aren’t receiving every discount available, you are throwing money away.
- Driver’s Ed – Teen drivers should enroll in driver’s education as it can save substantially.
- Service Members Pay Less – Being on active duty in the military could qualify you for better insurance rates.
- Defensive Driver Discount – Participating in a course in driver safety could possibly earn you a 5% discount depending on where you live.
- E-sign – A few larger online companies will give you a small discount for completing your application online.
- Federal Government Employee – Having worked for a branch of the government may reduce rates when you quote Raleigh car insurance with select insurance companies.
- Early Switch Discount – Some insurance companies provide a discount for signing up prior to your current Cayenne insurance policy expiring. It can save you around 10%.
As a sidenote, some credits don’t apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as liability and collision coverage. So when it seems like you can get free auto insurance, that’s just not realistic.
The information below illustrates the difference between Porsche Cayenne car insurance costs with and without policy discounts. The premiums are based on a male driver, a clean driving record, no at-fault accidents, North Carolina state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-car, multi-policy, homeowner, and marriage discounts applied.
The best insurance companies and their possible discounts are shown below.
- State Farm has discounts for multiple autos, good student, accident-free, passive restraint, defensive driving training, anti-theft, and Drive Safe & Save.
- Progressive may offer discounts for continuous coverage, multi-vehicle, online signing, homeowner, and multi-policy.
- Progressive may have discounts that include online quote discount, multi-vehicle, continuous coverage, multi-policy, good student, and homeowner.
- MetLife policyholders can earn discounts including claim-free, good driver, defensive driver, multi-policy, accident-free, and good student.
- Farm Bureau offers premium reductions for driver training, multi-policy, renewal discount, safe driver, and multi-vehicle.
- GEICO includes discounts for daytime running lights, air bags, five-year accident-free, federal employee, and membership and employees.
- SAFECO discounts include homeowner, bundle discounts, anti-theft, teen safety rewards, safe driver, and drive less.
It’s a good idea to ask each insurance company to apply every possible discount. Some discounts might not apply in Raleigh. To see companies with the best discounts in North Carolina, follow this link.
When shopping for inexpensive Raleigh car insurance quotes, there are a couple of ways to compare rate quotes from many available car insurance companies in North Carolina. By far the easiest way to find affordable Porsche Cayenne insurance rates consists of shopping online.
When quoting car insurance, remember that comparing more prices increases your odds of finding better pricing.
The providers in the list below are ready to provide free rate quotes in Raleigh, NC. If multiple companies are listed, we suggest you compare several of them in order to find the cheapest rates.
Rates and data analysis
The table displayed below outlines estimates of insurance premium costs for Porsche Cayenne models. Learning more about how insurance prices are determined can be of help when making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayenne | $126 | $230 | $234 | $14 | $70 | $674 | $56 |
| Cayenne S | $138 | $260 | $234 | $14 | $70 | $716 | $60 |
| Cayenne GTS | $138 | $290 | $234 | $14 | $70 | $746 | $62 |
| Cayenne S Transyberia | $138 | $290 | $234 | $14 | $70 | $746 | $62 |
| Cayenne GTS PD Edition 3 | $150 | $320 | $234 | $14 | $70 | $788 | $66 |
| Cayenne Turbo | $162 | $320 | $234 | $14 | $70 | $800 | $67 |
| Cayenne Turbo S | $186 | $380 | $234 | $14 | $70 | $884 | $74 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Estimates do not factor in Raleigh location which can influence insurance rates greatly.
Choosing deductibles
A question often asked by Raleigh drivers is how high should the physical damage coverage deductibles be. The comparison tables below help summarize the price difference of buying low and high comp and collision deductibles. The first rate quote example uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayenne | $266 | $440 | $250 | $14 | $74 | $1,069 | $89 |
| Cayenne S | $292 | $498 | $250 | $14 | $74 | $1,153 | $96 |
| Cayenne GTS | $292 | $556 | $250 | $14 | $74 | $1,211 | $101 |
| Cayenne S Transyberia | $292 | $556 | $250 | $14 | $74 | $1,211 | $101 |
| Cayenne GTS PD Edition 3 | $316 | $614 | $250 | $14 | $74 | $1,293 | $108 |
| Cayenne Turbo | $340 | $614 | $250 | $14 | $74 | $1,317 | $110 |
| Cayenne Turbo S | $390 | $728 | $250 | $14 | $74 | $1,481 | $123 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayenne | $164 | $276 | $250 | $14 | $74 | $778 | $65 |
| Cayenne S | $180 | $314 | $250 | $14 | $74 | $832 | $69 |
| Cayenne GTS | $180 | $350 | $250 | $14 | $74 | $868 | $72 |
| Cayenne S Transyberia | $180 | $350 | $250 | $14 | $74 | $868 | $72 |
| Cayenne GTS PD Edition 3 | $196 | $386 | $250 | $14 | $74 | $920 | $77 |
| Cayenne Turbo | $210 | $386 | $250 | $14 | $74 | $934 | $78 |
| Cayenne Turbo S | $242 | $458 | $250 | $14 | $74 | $1,038 | $87 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes 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, safe-driver, homeowner, and claim-free. Price estimates do not factor in Raleigh location which can impact premiums greatly.
Based on the figures above, using a $250 deductible will cost you roughly $30 more each month or $360 every year than quoting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 25 months between claim filings, you would probably save some money if you choose the higher deductible.
How to determine if higher deductibles are a good idea
| Average monthly premium for $250 deductibles: | $104 |
| Average monthly premium for $1,000 deductibles (subtract): | – $74 |
| Monthly savings from raising deductible: | $30 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $30 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 25 months |
The illustration below illustrates how your deductible choice and can increase or decrease Porsche Cayenne insurance rates for each age group. The data is based on a single male driver, comprehensive and collision coverage, and no discounts are applied.
How accidents and violations affect rates
The illustration below illustrates how violations and at-fault accidents can drive up Porsche Cayenne premium costs for different ages of insureds. Data assumes a married male driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.
Liability only or full coverage
The illustration below visualizes the comparison of Porsche Cayenne premium costs with liability coverage only compared to full coverage. The costs are based on a clean driving record, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are factored in.
Should you pay for full coverage or liability only?
There is no set rule to exclude full coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let’s pretend your Porsche Cayenne claim settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $6,000 after paying the physical damage deductible. If it’s costing in excess of $600 annually for physical damage coverage, then it may be the right time to buy liability only.
There are some conditions where only buying liability is not advised. If you haven’t satisfied your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Situations that may require an agent’s advice
When it comes to choosing insurance from an agent or online, there is no cookie cutter policy. Every situation is different and your policy should reflect that.
For instance, these questions can aid in determining whether you might need professional guidance.
- What is roadside assistance coverage?
- When can my company non-renew my policy?
- Does rental coverage apply when I am renting a car?
- How high should my uninsured/underinsured coverage be in North Carolina?
- How can I force my company to pay a claim?
- What if a claim settlement is too low?
- How much liability coverage do I need in North Carolina?
- Do I need higher collision deductibles?
- Should I have a commercial auto policy?
- How much can I save by bundling my policies?
If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.
Insurance agent or online?
Many people would rather have an agent’s advice and that can be a great decision A nice benefit of getting free rate quotes online is that drivers can save money and get cheap rate quotes but still work with a licensed agent. Buying from local agents is especially important in Raleigh.
Once you complete this quick form, your insurance coverage information is instantly submitted to agents in your area who can give free rate quotes for your insurance coverage. There is no reason to contact any insurance agencies due to the fact that quote results will go immediately to your email address. Get lower rates without having to waste a lot of time. If for some reason you want to get a price quote from one company in particular, don’t hesitate to find their quoting web page and complete a quote there.
Below are agents in Raleigh that can give you rate quotes for Porsche Cayenne insurance in Raleigh.
- Marcus L Davis Agency
3901 Barrett Dr Suite 312 – Raleigh, NC 27609 – (919) 772-7698 – View Map - Chapman Insurance Agency, Inc.
6829 Falls of Neuse Rd #103 – Raleigh, NC 27615 – (919) 676-5066 – View Map - Bagwell and Bagwell Insurance
2626 Glenwood Ave #300 – Raleigh, NC 27608 – (919) 832-6667 – View Map - Nationwide Insurance: Michael E Okoli Agency Inc
309 W Millbrook Rd #151 – Raleigh, NC 27609 – (919) 786-1960 – View Map
Finding the right insurer requires you to look at more than just a cheap price. Some important questions to ask are:
- How experienced are they in personal risk management?
- Which companies can they place coverage with?
- Is there a 24/7 contact number?
- How much will you save each year by using a higher deductible?
- What kind of financial rating does the company have?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Are there any extra charges for paying monthly?
After you get good responses to any questions you may have and an acceptable price quote, you’ve probably found a company that is reliable enough to service your policy. But keep in mind you can terminate your policy whenever you wish so don’t feel that you are obligated to a specific agent indefinitely.
Specific coverage details
Learning about specific coverages of your car insurance policy can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages offered by car insurance companies.
Comprehensive or Other Than Collision
This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as vandalism, hitting a deer and a broken windshield. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Collision coverage
Collision insurance pays for damage to your Cayenne from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision can pay for claims such as damaging your car on a curb, sideswiping another vehicle and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to raise the deductible on your Cayenne in order to get cheaper collision rates.
Auto liability insurance
Liability coverage will cover damage that occurs to a person or their property that is your fault. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 30/60/25 that means you have a limit of $30,000 per injured person, a total of $60,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one number which is a combined single limit that pays claims from the same limit without having the split limit caps.
Liability coverage protects against things such as attorney fees, emergency aid, bail bonds, funeral expenses and medical expenses. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible. North Carolina state law requires minimum liability limits of 30/60/25 but drivers should carry better liability coverage.
The illustration below shows why buying low liability limits may not provide adequate coverage.
Medical costs insurance
Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like doctor visits, pain medications and surgery. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. It covers you and your occupants and also covers being hit by a car walking across the street. PIP is only offered in select states and gives slightly broader coverage than med pay
UM/UIM Coverage
Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as damage to your Porsche Cayenne.
Since a lot of drivers have only the minimum liability required by law (30/60/25), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Usually these limits do not exceed the liability coverage limits.
Keep this in mind when shopping around
While you’re price shopping online, it’s a bad idea to reduce needed coverages to save money. In too many instances, an insured cut comprehensive coverage or liability limits only to discover later they didn’t have enough coverage. Your aim should be to find the BEST coverage at an affordable rate while not skimping on critical coverages.
Budget-conscious Porsche Cayenne insurance can be sourced online and with local Raleigh insurance agents, so you should compare both in order to have the best price selection to choose from. Some companies may not provide internet price quotes and these small, regional companies only sell through independent agents.
More tips and info about car insurance is available at these sites:
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Who Has the Cheapest Car Insurance Rates for a Ford Focus in Raleigh? (FAQ)
- Who Has Affordable Raleigh Car Insurance for Veterans? (FAQ)
- What Car Insurance is Cheapest in Raleigh, North Carolina? (FAQ)
- Who Has Cheap Auto Insurance Rates for Active Military in Raleigh? (FAQ)
- Get the Right Protection (InsureUonline.org)
- Collision Coverage (Liberty Mutual)
- Side Impact Crash Tests (iihs.org)
- How do I File a Claim? (Insurance Information Institute)