Cheap 2002 Porsche 911 Car Insurance Cost

Looking for the cheapest car insurance rates for your Porsche 911? Sick and tired of being strong-armed to pay your car insurance bill each month? You’re in the same situation as many other consumers. Many car insurance companies vie for your business, so it can be very hard to choose a provider and uncover the absolute best rates possible.

If you have a current car insurance policy or are looking for a new policy, you can use these techniques to find better prices while maximizing coverage. Finding affordable coverage is not rocket science. Drivers just need to know the proper way to get comparison rates online.

Don’t pay full price with these discounts

Car insurance can cost a lot, but there could be available discounts that you may not even be aware of. Certain discounts will be applied at the time you complete a quote, but a few must be asked for before being credited. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Anti-lock Brake System – Vehicles equipped with ABS or steering control are safer to drive and qualify for as much as a 10% discount.
  • Resident Student – Youth drivers living away from home attending college without a vehicle on campus may be able to be covered for less.
  • Pay Now and Pay Less – If paying your policy premium upfront rather than paying monthly you can actually save on your bill.
  • Lower Rates for Military – Being deployed with a military unit could be rewarded with lower premiums.
  • Paperwork-free – A few companies may give you up to $50 just for signing your application online.
  • Good Student Discount – This discount can be rewarded with saving of up to 25%. The good student discount can last until age 25.
  • Discount for Swiching Early – A few companies offer discounts for switching policies before your current expiration date. The savings is around 10%.
  • Homeowners Savings – Being a homeowner may earn you a small savings because maintaining a house is proof that your finances are in order.
  • Senior Citizens – Mature drivers may be able to get better auto insurance rates for 911 coverage.

A little note about advertised discounts, some of the credits will not apply to the entire cost. The majority will only reduce individual premiums such as liability and collision coverage. So when it seems like all the discounts add up to a free policy, it doesn’t quite work that way. Any qualifying discounts will help reduce the amount you have to pay.

To see a list of insurance companies offering auto insurance discounts, click this link.

Complexity of Porsche 911 insurance rates

Consumers need to have an understanding of the different types of things that come into play when calculating the price you pay for insurance. When you know what positively or negatively impacts premium levels helps enable you to make changes that will entitle you to lower insurance prices.

  • Choose a safe vehicle and save – Vehicles with high crash test scores tend to have better insurance rates. The safest vehicles have better occupant injury protection and fewer injuries means less money paid by your insurance company and more competitive rates for policyholders. If your Porsche is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Protect your assets with liability insurance – The liability section of your policy will protect you when a jury decides you are liable for damages from an accident. Liability provides you with a defense in court starting from day one. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not skimp.
  • You might want pay the small claims yourself – If you file claims often, you can expect either a policy non-renewal or much higher rates. Auto insurance companies generally give cheaper rates to policyholders who file claims infrequently. Auto insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Sex matters – Statistics show that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Women and men are in accidents at about the same rate, but the men have costlier accidents. Men also statistically get more serious tickets such as reckless driving. Youthful male drivers tend to get in the most accidents and thus pay the highest rates.
  • More than one policy can earn a discount – Some companies will give a discount to policyholders who consolidate policies with them, otherwise known as a multi-policy discount. If you currently are using one company, it’s in your best interest to compare other company rates to confirm you are receiving the best rates possible.
  • Rates may be higher depending on your occupation – Did you know your job can affect your rates? Occupations such as judges, executives and dentists have the highest average rates due to high stress levels and long work hours. Other jobs such as actors, historians and homemakers get better rates for 911 coverage.
  • Bump up deductibles to save – Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your Porsche. Some instances where coverage would apply would be collision with another vehicle, vandalism, and rolling your vehicle. Your deductibles are how much you are willing to pay out-of-pocket before your insurance pays a claim. The more you are required to pay out-of-pocket, the less your company will charge you for insurance for 911 coverage.

Your personal situation dictates your coverage

When buying proper insurance coverage, there is no best way to insure your cars. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions can aid in determining if your insurance needs would benefit from an agent’s advice.

  • How high should my uninsured/underinsured coverage be in my state?
  • Do I need more liability coverage?
  • Where can I find high-risk insurance?
  • Are my friends covered when driving my car?
  • Do I need an umbrella policy?
  • If my pet gets injured in an accident are they covered?
  • Who is covered when they drive my 2002 Porsche 911?
  • How do I buy GAP insurance?

If you don’t know the answers to these questions then you might want to talk to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area. It only takes a few minutes and can help protect your family.

Car insurance 101

Knowing the specifics of a insurance policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement. Shown next are typical coverages found on most insurance policies.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP pay for bills for things like pain medications, X-ray expenses, rehabilitation expenses, ambulance fees and prosthetic devices. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Porsche 911.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Usually the UM/UIM limits are set the same as your liablity limits.

Comprehensive insurance – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like vandalism, rock chips in glass, a tree branch falling on your vehicle and falling objects. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability coverage – Liability insurance can cover damage or injury you incur to a person or their property. This insurance protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Another option is a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like court costs, pain and suffering and bail bonds. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage – Collision insurance will pay to fix damage to your 911 resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things such as backing into a parked car, colliding with a tree, driving through your garage door, sustaining damage from a pot hole and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

The best insurance company isn’t always the cheapest

As you restructure your insurance plan, don’t be tempted to reduce coverage to reduce premium. In too many instances, consumers will sacrifice liability limits or collision coverage and discovered at claim time that they should have had better coverage. Your aim should be to buy enough coverage at an affordable rate while still protecting your assets.

The cheapest 2002 Porsche 911 insurance is available on the web in addition to many insurance agents, and you should be comparing both to have the best selection. Some companies do not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

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