2013 Porsche Panamera Car Insurance Quotes – 10 Ways to Save

Trying to find better auto insurance rates for your Porsche Panamera? Overpriced Porsche Panamera insurance can drain your savings account and force you to make sacrifices. Shopping your coverage around is a smart way to make sure you’re not throwing money away. Drivers have multiple insurance companies to choose from, and though it is a good thing to have a selection, it can be more difficult to find the lowest rates.

Smart consumers take time to take a look at other company’s rates once or twice a year because rates are adjusted regularly by insurance companies. Just because you had the best rates for Panamera insurance last year you can probably find a better price now. You’ll find quite a bit of inaccurate information about auto insurance on the internet, so we’re going to give you some solid techniques on how to reduce your auto insurance bill.

Comprehensive Insurance Comparison

Getting a lower price on 2013 Porsche Panamera insurance doesn’t have to be difficult. You just need to invest a little time comparing rate quotes provided by online insurance companies. It is quite easy and can be accomplished in several different ways.

One of the best ways to get quotes for comparison is an all-inclusive rate comparison like this one (opens in new window). This type of form prevents you from having to do separate quotation requests for every insurance company. One form gets you price quotes from all major companies.

A less efficient way to compare rate quotes requires visiting the website of each company and complete a new quote form. For examples sake, let’s say you want comparison quotes from Geico, Allstate and GMAC. To get rate quotes you would need to take the time to go to each site and enter your information, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.

The least efficient way to compare rates is to waste gas driving to insurance agents’ offices. The internet makes this process obsolete unless you prefer the personal advice that only a license agent can provide. You can, however, price shop your coverage online but buy from a local insurance agent and we’ll cover that in a bit.

It doesn’t matter which method you choose, just ensure you’re using apples-to-apples coverages and limits on every quote. If the quotes have different limits and deductibles on each one you will not be able to find the best deal for your Porsche Panamera.

Are you getting all your discounts?

Properly insuring your vehicles can get expensive, but companies offer discounts to reduce the price significantly. Larger premium reductions will be automatically applied when you complete an application, but some must be inquired about before you get the savings. If you don’t get every credit you qualify for, you’re paying more than you need to.

  • Good Students Pay Less – This discount can get you a discount of up to 25%. The discount lasts up until you turn 25.
  • Accident Free – Good drivers with no accidents can earn big discounts when compared to frequent claim filers.
  • Sign Early and Save – A few companies offer discounts for buying a policy before your current expiration date. It can save you around 10%.
  • Bundle and Save – When you combine your home and auto insurance with one company you will save up to 20% off your total premium.
  • Safety Course Discount – Completing a course in driver safety can save you 5% or more depending on where you live.
  • Memberships – Belonging to certain professional organizations could qualify you for a break on your policy for Panamera insurance.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Porsche can qualify you for discounted rates on garaged vehicles.
  • Senior Citizens – Older drivers may be able to get better insurance rates for Panamera insurance.
  • No Charge for an Accident – Some insurance companies will allow you to have one accident without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
  • Employee of Federal Government – Employees or retirees of the government could cut as much as 10% off for Panamera insurance depending on your company.

Keep in mind that most discount credits are not given to all coverage premiums. Most only cut the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears having all the discounts means you get insurance for free, you’re out of luck. Any amount of discount will help reduce the amount you have to pay.

Insurance companies who might offer these discounts are:

Double check with each company which discounts they offer. Savings may not apply everywhere.

Tailor your coverage to you

When buying the best car insurance coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions can help discover whether you would benefit from an agent’s advice.

  • What is PIP insurance?
  • What is medical payments coverage?
  • How can I find cheaper teen driver insurance?
  • Am I covered if hit by an uninsured driver?
  • Does my insurance cover a custom paint job?
  • Is my teen driver covered when they drive my company car?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Specific coverage details

Having a good grasp of your policy aids in choosing the right coverages and proper limits and deductibles. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverage types available from car insurance companies.

Collision coverage – Collision insurance will pay to fix damage to your Panamera from colliding 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 protects against claims such as backing into a parked car, damaging your car on a curb, sustaining damage from a pot hole and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Medical expense insurance – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses like hospital visits, pain medications and chiropractic care. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Liability coverages – This protects you from damage or injury you incur to other’s property or people in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like medical expenses, bail bonds and repair costs for stationary objects. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford.

Comprehensive (Other than Collision) – Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as hail damage, rock chips in glass, hitting a bird and fire damage. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Porsche Panamera.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

More quotes. Lower rates.

As you prepare to switch companies, you should never buy less coverage just to save a little money. There are a lot of situations where someone sacrificed physical damage coverage only to find out that they should have had better coverage. Your focus should be to buy the best coverage you can find at a price you can afford while still protecting your assets.

You just learned some good ideas how you can compare 2013 Porsche Panamera insurance prices online. The key concept to understand is the more rate quotes you have, the higher your chance of finding lower rates. Consumers could even find that the biggest savings come from a small local company. Some small companies may have significantly lower rates on certain market segments as compared to the big name companies such as Allstate or State Farm.

Cost effective insurance is definitely available both online in addition to many insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some insurance providers do not provide online quoting and usually these small insurance companies provide coverage only through local independent agents.

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