Porsche Cayman Insurance Rate Quotes in Raleigh

Insurance for Porsche CaymanShopping for cheap Raleigh Porsche Cayman insurance quotes might appear problematic for people new to quoting and comparing and buying car insurance online. With more and more insurers to choose from, how can you have the ability to compare all the different companies and get the lowest price available?

How to find cheaper Porsche Cayman insurance in Raleigh

If saving money is your primary concern, then the best way to get more affordable Porsche Cayman insurance is to regularly compare prices from providers who sell insurance in Raleigh.

A key point to remember is to try to use identical limits and deductibles on every quote request and and to analyze all possible companies. This ensures a fair rate comparison and a complete price analysis.

It’s hard to fathom, but the vast majority of drivers have stayed with the same insurance company for at least four years, and almost half have never even shopped around for cheaper coverage. With the average car insurance premium being $1,000, North Carolina drivers could save an average of almost 10% each year, but most just don’t grasp the rate savings if they changed companies.

Find Porsche Cayman Insurance More Affordably

Many factors are part of the equation when quoting car insurance. Some factors are common sense such as traffic violations, but some are not quite as obvious such as your marital status and annual miles driven.

Shown below are most of the major factors that factor into your rate level.

Physical damage deductibles – Insurance for physical damage to your car, also known as collision and other-than-collision, covers damage that occurs to your Porsche. Some coverage claims could be collision with another vehicle, hail damage, or theft. The deductibles you choose define how much the insured will be required to pay if a covered claim is submitted. The more expense you are required to pay out-of-pocket, the lower your rates will be.

Poor credit can mean higher prices – Credit score factor in calculating your car insurance rates. Therefore, if your credit rating is low, you could save money insuring your Porsche Cayman by taking the time to improve your credit score. People that have high credit scores tend to be better drivers and file fewer claims than drivers with poor credit.

Cheaper rates after marriage – Having a spouse can actually save you money on your car insurance bill. Having a significant other demonstrates that you tend to be more mature and responsible and statistics show drivers who are married are more cautious.

High performance equals high premiums – The performance of the vehicle you are insuring makes a significant difference in the rate you pay. The lowest performance passenger cars usually have the lowest rates, but other factors influence the final cost greatly.

The next chart uses these assumptions: married male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The data compares Porsche Cayman insurance rates compared to other models of vehicles that have a range of risk factors.

Does auto insurance cost less for women? – Statistics show that men are more aggressive behind the wheel. However, don’t assume that women are BETTER drivers than men. Males and females are in fender benders in similar numbers, but the male of the species tend to have more serious accidents. Not only are claims higher, but men have more aggressive citations like DWI (DUI) or reckless driving.

The example below shows the comparison of Porsche Cayman insurance costs for male and female drivers. The data assumes no driving violations, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, single status, and no additional discounts are factored in.

Fewer miles means better premiums – The higher the mileage driven each year the higher your rates will be. Most insurance companies charge to insure your cars determined by how the vehicle is used. Autos used primarily for pleasure use can get a lower rate than those that get driven frequently. Make sure your vehicle rating is showing annual mileage, because it can save money. A policy that improperly rates your Cayman may be wasting your money.

Keep premiums low by being claim-free – If you are the type of insured that files lots of claims you can look forward to higher rates. Companies in North Carolina provide better rates to drivers who are not frequent claim filers. Insurance coverage is intended for larger claims.

Porsche Cayman insurance claim data – Insurance companies factor in insurance loss information to calculate a price that offsets possible losses. Vehicles that historically have a trend towards higher claim severity or frequency will have a higher premium rate. The next table shows the actual insurance loss data for Porsche Cayman vehicles.

For each policy coverage type, the claim probability for all vehicles as a whole equals 100. Percentages below 100 imply a favorable loss record, while numbers above 100 indicate frequent claims or a tendency for claims to be larger.

Porsche Cayman Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Porsche Cayman 2dr 183 40 99 36

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Auto insurance analysis for a Porsche Cayman

The data table displayed next highlights different policy rates for Porsche Cayman models. Having a good grasp of how premiums are determined is important for making smart choices when comparing insurance rates.

Porsche Cayman Insurance Rates in Raleigh, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $330 $730 $336 $20 $100 $1,516 $126
Cayman S 2-Dr Coupe $330 $816 $336 $20 $100 $1,602 $134
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Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Price estimates do not factor in garaging location in Raleigh which can change price quotes substantially.

Choosing deductibles

When buying auto insurance, a common question is which deductibles should you choose. The data tables below may help to conceptualize the difference in cost between high and low coverage deductibles. The first pricing table uses a $250 physical damage deductible and the second rate table uses a $500 deductible.

Porsche Cayman insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $266 $498 $250 $14 $74 $1,127 $94
Cayman S 2-Dr Coupe $266 $556 $250 $14 $74 $1,185 $99
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Porsche Cayman insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $216 $402 $250 $14 $74 $956 $80
Cayman S 2-Dr Coupe $216 $448 $250 $14 $74 $1,002 $84
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Table data does not factor in specific Raleigh garaging location which can affect prices substantially.

Based on the figures above, using a $250 deductible will cost you approximately $15 more each month or $180 annually than buying the higher $500 deductible. Since you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you average at least 17 months between claims, you would save money if you choose the higher deductible.

How to calculate if higher deductibles make sense

Average monthly premium for $250 deductibles: $97
Average monthly premium for $500 deductibles (subtract): – $82
Monthly savings from raising deductible: $15
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

The chart below demonstrates how deductibles and can raise or lower Porsche Cayman insurance rates for different age categories. The data assumes a single male driver, comp and collision included, and no policy discounts are applied.

These discounts can slash Porsche Cayman insurance rates

Insuring your fleet can be pricey, but you may qualify for discounts that can drop the cost substantially. Certain credits will be shown when you purchase, but a few must be specially asked for before being credited.Cheaper car insurance with discounts

Please keep in mind that most of the big mark downs will not be given to the whole policy. Most only reduce the cost of specific coverages such as liability and collision coverage. So even though it sounds like you would end up receiving a 100% discount, nobody gets a free ride.

The example below compares Porsche Cayman premium costs with and without discounts applied to the policy premium. The premiums are based on a female driver, a clean driving record, no at-fault accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, multi-car, claim-free, homeowner, and safe-driver discounts applied.

The best car insurance companies and a summarized list of policyholder discounts are detailed below.

Before buying, ask each insurance company which discounts can lower your rates. Some of the discounts discussed earlier may not be available everywhere. If you would like to choose from a list of insurers who offer online Porsche Cayman insurance quotes in Raleigh, click this link.

Be persistent to save money

We just presented many ways to reduce Porsche Cayman insurance auto insurance rates online in Raleigh. It’s most important to understand that the more providers you compare, the better likelihood of getting affordable Porsche Cayman insurance quotes. Consumers could even find that the lowest priced car insurance comes from some of the smallest insurance companies.

Cheap Porsche Cayman insurance in Raleigh can be sourced both online in addition to many Raleigh insurance agents, and you should compare price quotes from both to have the best rate selection. Some companies do not offer the ability to get a quote online and most of the time these smaller companies prefer to sell through local independent agencies.

As you restructure your insurance plan, you should never buy less coverage just to save a little money. There are a lot of situations where drivers have reduced physical damage coverage and learned later that it was a big error on their part. Your focus should be to buy a smart amount of coverage at the best cost.

How to buy affordable Porsche Cayman insurance in Raleigh

If your goal is the lowest price, then the best way to get budget car insurance rates is to start doing a yearly price comparison from different companies who can sell car insurance in Raleigh.

First, try to comprehend what is in your policy and the steps you can take to drop your rates. Many factors that result in higher prices such as speeding tickets, careless driving and an unacceptable credit rating can be rectified by making minor changes to your lifestyle.

Second, compare price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from a single company like Progressive or State Farm, while independent agencies can provide rate quotes for a wide range of companies. Get quotes now

Third, compare the quotes to the premium of your current policy to see if you can save by switching companies. If you find a lower rate quote, verify that coverage does not lapse between policies.

Fourth, provide proper notification to your current company to cancel your current auto insurance policy. Submit a down payment along with a signed application to the new insurer. When you receive it, keep the new certificate of insurance in your vehicle.

One key aspect of rate comparisons is to try to compare the same amount of coverage on every quote and and to get quotes from as many companies as possible. This provides an apples-to-apples comparison and maximum price selection.

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