2004 Porsche Carrera GT Car Insurance Rates – 5 Savings Tips

Did you fall for a flashy sales pitch and buy an overpriced insurance coverage policy? Believe me, there are a lot of people just like you who feel imprisoned by their insurance coverage policy. With consumers having so many companies and agents to choose from, it can be impossible to find the most cost effective insurer.

Cut your premium with these five discounts

Insuring your fleet can be pricey, but you can get discounts to reduce the price significantly. Some trigger automatically when you complete an application, but a few must be specially asked for in order for you to get them. If you don’t get every credit you qualify for, you are throwing money away.

  • Drivers Ed for Students – Require your teen driver to enroll in driver’s education if offered at their school.
  • Defensive Driving Course – Completing a defensive driving course could possibly earn you a 5% discount depending on where you live.
  • Bundle and Save – If you have multiple policies with one company you may earn 10% to 20% off each policy.
  • Lower Rates for Military – Having a deployed family member could mean lower rates.
  • Payment Method – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.

It’s important to understand that some of the credits will not apply the the whole policy. A few only apply to the cost of specific coverages such as comp or med pay. Just because it seems like all those discounts means the company will pay you, you’re out of luck. But all discounts will cut the amount you have to pay.

For a list of insurers offering auto insurance discounts, follow this link.

How to Compare Car Insurance

Getting better 2004 Porsche Carrera GT car insurance pricing can be surprisingly simple. The only thing you need to do is spend a few minutes comparing rates provided by online insurance companies. This can be done in just a few minutes using one of these methods.

  1. One of the best ways to compare a lot of rates at once is to use a rate comparison form like this one (opens in new window). This method saves time by eliminating a different quote for every car insurance company. A single form gets rate comparisons from car insurance companies with the best prices.
  2. A harder way to compare rate quotes requires visiting the website for every company you want to comare and request a quote. For example, we’ll assume you want to compare rates from State Farm, Farmers and GMAC. To get rate quotes you would need to take the time to go to each site to enter your coverage information, which is why the first method is quicker. For a list of links to insurance companies in your area, click here.
  3. The hardest way of getting rate comparisons is driving around to different agent offices. The ability to buy insurance online can eliminate the need for a local agent unless you prefer the professional advice of a local agent. It is possible to get prices online and get advice from an agent in your area and you’ll learn how to do that later.

It’s up to you which method you use, but ensure you’re using the exact same deductibles and coverage limits with each company. If each company quotes different values for each quote it will be impossible to make a fair comparison for your Porsche Carrera GT.

What is the best insurance coverage?

When choosing adequate coverage for your vehicles, there really is no perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. These are some specific questions can help discover if your insurance needs might need professional guidance.

  • Where can I get insurance after a DUI in my state?
  • What happens if I owe more than my 2004 Porsche Carrera GT is worth?
  • Do I need replacement cost coverage on my 2004 Porsche Carrera GT?
  • Can I get a multi-policy discount?
  • Why do I only qualify for high-risk insurance?
  • Should I put collision coverage on all my vehicles?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverages and their meanings

Understanding the coverages of insurance can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. Listed below are the normal coverages found on most insurance policies.

Collision protection

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like crashing into a ditch, driving through your garage door, hitting a parking meter, rolling your car and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.

Comprehensive coverages

This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as hitting a bird, fire damage and theft. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for expenses like doctor visits, hospital visits, X-ray expenses, rehabilitation expenses and surgery. The coverages can be used to fill the gap from your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2004 Porsche Carrera GT.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Usually these coverages are similar to your liability insurance amounts.

Liability

This coverage can cover damage or injury you incur to a person or their property that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like attorney fees, emergency aid and court costs. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Don’t throw your cash in the trash

When buying insurance coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many situations where an insured dropped comprehensive coverage or liability limits to discover at claim time that the few dollars in savings costed them thousands. The proper strategy is to buy enough coverage at a price you can afford while still protecting your assets.

We just presented a lot of techniques to shop for 2004 Porsche Carrera GT insurance online. The most important thing to understand is the more quotes you get, the better your comparison will be. You may be surprised to find that the best price on insurance is with a small local company. Smaller companies may only write in your state and offer lower rates than their larger competitors like State Farm or Progressive.

Much more information about insurance is located at these links: