1991 Porsche 928 Insurance Rates

Trying to find better insurance rates for your Porsche 928? Overpriced Porsche 928 insurance can drain your bank account and make it impossible to make ends meet. Shopping your coverage around is a smart way to cut your insurance bill. With so many choices of insurance companies, it is hard for the average consumer to find the cheapest provider.

It’s important to get comparison quotes every six months since insurance rates change quite often. Even if you think you had the lowest price on 928 insurance a couple years back you will most likely find a better rate today. Forget anything you know (or think you know) about insurance because we’re going to demonstrate the right way to eliminate unnecessary coverages and save money.

Finding Auto Insurance

Getting better 1991 Porsche 928 auto insurance pricing can be surprisingly simple. You just need to take the time to compare quotes provided by online insurance companies. This can be accomplished using a couple different methods.

  1. The most efficient way to find low rates is an all-inclusive rate comparison like this one (opens in new window). This method saves time by eliminating separate forms for each company. A single form gets you coverage quotes from many national carriers.
  2. Another way to analyze rates is going to each individual company website to complete a price quote. For instance, we’ll assume you want rates from USAA, Progressive and Farmers. To get rate quotes you would need to go to every website and enter your information, which is why the first method is more popular.

    To view a list of companies in your area, click here.

Whichever way you use, ensure you are comparing exactly the same coverage information for each comparison quote. If you enter different liability limits it will be very difficult to make an equal comparison.

Pay less for 1991 Porsche 928 insurance

Companies offering auto insurance don’t necessarily list every discount very clearly, so we researched both the well known and the more hidden ways to save on car insurance. If you’re not getting every credit you deserve, you’re just leaving money on the table.

  • Distant Student – Kids in college who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off on 928 insurance with select insurance companies.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles are safer to drive and earn discounts up to 10%.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course in high school.
  • Discount for Swiching Early – Some companies give discounts for signing up before your current policy expires. The savings is around 10%.
  • Good Student Discount – A discount for being a good student can earn a discount of 20% or more. This discount can apply up to age 25.
  • Theft Prevention System – Cars that have factory anti-theft systems help deter theft and therefore earn up to a 10% discount.
  • Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
  • Discount for New Cars – Adding a new car to your policy can save up to 30% since new cars are generally safer.

It’s important to note that most discount credits are not given the the whole policy. A few only apply to the price of certain insurance coverages like comp or med pay. So when the math indicates it’s possible to get free car insurance, it doesn’t quite work that way.

Car insurance companies that may offer these discounts include:

It’s a good idea to ask each insurance company how you can save money. Savings may not apply everywhere.

Tailor your coverage to you

When it comes to choosing coverage, there really is no cookie cutter policy. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that could help you determine if your insurance needs may require specific advice.

  • Is other people’s property covered if stolen from my vehicle?
  • Do I need medical payments coverage since I have good health insurance?
  • Am I covered if hit by an uninsured driver?
  • Can I get a multi-policy discount?
  • Do I pay less if my vehicle is kept in my garage?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What exactly is covered by my policy?
  • Do I benefit by insuring my home with the same company?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Porsche 928 insurance rates can be determined by these details

An important part of buying insurance is that you know some of the elements that help determine insurance rates. Having a good understanding of what impacts premium levels helps enable you to make changes that could result in lower insurance prices.

The following are some of the items that factor into premiums.

  • Rates may be lower depending on your job – Did you know your job can affect your rates? Careers like real estate brokers, social workers and accountants tend to pay higher rates than average in part from job stress and lots of time spent at work. On the flip side, jobs such as actors, athletes and performers have the lowest average rates on 928 insurance.
  • Better crash test results mean better rates – Vehicles with good safety scores get lower rates. Safer cars have better occupant injury protection and lower injury rates means less money paid by your insurance company and thus lower rates. If your Porsche 928 is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • Credit scores impact insurance rates – Credit rating is a huge factor in your rate calculation. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers who have lower credit scores. If your credit score can use some improvement, you could potentially save money when insuring your 1991 Porsche 928 by spending a little time repairing your credit.
  • Claim-free discounts can add up – If you are a frequent claim filer, you can definitely plan on either a policy non-renewal or much higher rates. Companies give cheaper rates to people who file claims infrequently. Auto insurance is meant to be used in the event of major claims that would cause financial hardship.
  • Men pay higher rates – The statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. Women and men tend to get into accidents at a similar rate, but the male of the species cause more damage. Men also tend to have more aggressive citations such as reckless driving. Young males are several times more likely to be in an accident and therefore have the most expensive insurance rates.
  • Bundling policies can get discounts – Most insurance companies give discounts to people who carry more than one policy. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even with this discount, it’s still a good idea to compare other company rates to make sure you are getting the best deal. You may still be able to find a better deal by splitting coverages up.
  • Low deductibles can be expensive – Physical damage coverage, termed comprehensive and collision coverage on your policy, is used to repair damage to your Porsche. A few examples of covered claims are collision with another vehicle, damage caused by hail, and burglary. Deductibles for physical damage are how much you are willing to pay out-of-pocket in the event of a claim. The more you have to pay, the less your company will charge you for insurance on 928 insurance.
  • Extra add-on coverages are wasting money – There are many extra coverages you can purchase if you aren’t careful. Insurance for personal injury protection, better glass coverage and term life insurance may be wasting your money. These coverages may sound good when talking to your agent, but if they’re wasting money eliminate the coverages to reduce your premium.

Are you falling for claims of savings?

Drivers constantly see and hear ads for the lowest price auto insurance by companies like Allstate and Progressive. All the companies say the same thing that you can save if you change to them.

How do they all say the same thing?

Insurance companies have a certain “appetite” for the type of driver that earns them a profit. An example of a desirable insured could possibly be over the age of 50, has no prior claims, and drives less than 10,000 miles a year. Any new insured who fits that profile receives the best rates and as a result will probably save a lot of money.

Potential insureds who don’t meet the requirements must pay a higher premium which usually ends up with business not being written. Company advertisements say “customers who switch” not “everyone that quotes” save that kind of money. That’s why companies can truthfully advertise the way they do. This illustrates why it is so important to compare as many rates as you can. Because you never know the company that will have the lowest Porsche 928 insurance rates.

Car insurance coverage information

Learning about specific coverages of your auto insurance policy can be of help when determining which coverages you need for your vehicles. Policy terminology can be ambiguous and coverage can change by endorsement. These are the usual coverages found on the average auto insurance policy.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Porsche 928.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Auto liability insurance

This coverage can cover damage or injury you incur to a person or their property by causing an accident. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability insurance covers claims like structural damage, attorney fees and loss of income. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for short-term medical expenses for rehabilitation expenses, EMT expenses, nursing services, chiropractic care and hospital visits. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and may carry a deductible

Collision coverage protection

Collision coverage will pay to fix damage to your 928 caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things like crashing into a building, backing into a parked car, sustaining damage from a pot hole, colliding with another moving vehicle and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to bump up the deductible to bring the cost down.

Comprehensive coverage

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as vandalism, damage from a tornado or hurricane, fire damage, theft and rock chips in glass. The most your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Shop around and save

When trying to cut insurance costs, you should never reduce coverage to reduce premium. There are too many instances where drivers have reduced liability coverage limits only to find out that it was a big error on their part. The ultimate goal is to get the best coverage possible at an affordable rate while still protecting your assets.

We just showed you a lot of tips how to get a better price on 1991 Porsche 928 insurance. It’s most important to understand that the more you quote, the better your chances of lowering your rates. Consumers may even find the biggest savings come from a small local company. They may only write in your state and offer lower rates than the large multi-state companies such as Allstate or State Farm.

Low-cost insurance is available online as well as from independent agents, so you should compare both to get a complete price analysis. There are still a few companies who don’t offer online quoting and usually these smaller companies provide coverage only through local independent agents.

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