2015 Porsche Cayman Car Insurance Quotes – 5 Ideas for Cheapest Rates

Searching for the cheapest insurance coverage rates for your Porsche Cayman? Finding lower rates for insurance coverage can seem to be hard for beginners to comparison shopping online. Drivers have so many options that it can be a big hassle to locate the lowest price.

Consumers should take time to price shop coverage once or twice a year because rates change frequently. Just because you had the lowest rates for Cayman insurance a year ago there may be better deals available now. Forget anything you know (or think you know) about insurance coverage because we’re going to demonstrate the fastest and easiest way to reduce your cost while improving coverage.

Free Quotes for Auto Insurance

The are a couple different ways of comparing price quotes from local auto insurance companies. By far the easiest way to compare 2015 Porsche Cayman insurance prices consists of shopping online. This is very easy and can be done in just a few minutes using one of these methods.

  • The recommended way to get quotes is a comparison rater form click to view form in new window. This form prevents you from having to do separate quotes for each company. In just a few minutes this one form will return quotes from multiple companies. Just one form and you’re done.
  • A different way to get quotes online requires a trip to the website for every company you want to comare to complete their respective quote request forms. For instance, let’s say you want rates from Progressive, Esurance and Geico. You would have to go to every website and enter your policy data, which is why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

However you get your quotes, make darn sure you compare identical coverage information on every quote. If you use mixed coverages then you won’t be able to decipher which rate is best. Just a small difference in coverage limits may result in large price differences. And when comparing auto insurance rates, know that getting more free quotes will improve the odds of getting a better price.

Save big with these five discounts

The price of auto insurance can be rather high, but you may find discounts that can drop the cost substantially. Certain discounts will be triggered automatically at the time of quoting, but less common discounts must be asked for before you will receive the discount.

  • Distant Student – Kids in college who live away from home and do not have a car can be insured at a reduced rate.
  • Early Signing – Some insurance companies reward drivers for signing up prior to your current policy expiration. This can save 10% or more.
  • No Claims – Claim-free drivers can earn big discounts when compared to accident-prone drivers.
  • Drivers Education – Have your child take driver’s ed class if it’s offered in school.
  • Paperless Signup – Certain companies will give a small break just for signing your application on their website.

As a disclaimer on discounts, most discount credits are not given to your bottom line cost. Most cut individual premiums such as liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, it just doesn’t work that way. But any discount will cut the amount you have to pay.

For a list of insurance companies offering car insurance discounts, click here.

But I don’t know anything about car insurance

When it comes to buying the best insurance coverage, there really is not a best way to insure your cars. Every insured’s situation is different.

For instance, these questions may help highlight if your situation might need an agent’s assistance.

  • What can I do if my company denied a claim?
  • Does having multiple vehicles earn me a discount?
  • When should I buy a commercial auto policy?
  • How much underlying liability do I need for an umbrella policy?
  • Are all vehicle passengers covered by medical payments coverage?
  • What discounts do I qualify for?
  • Do I really need UM/UIM coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • Is my babysitter covered when using my vehicle?
  • Does insurance cover damages from a DUI accident?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form.

Car insurance coverage specifics

Learning about specific coverages of car insurance can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Porsche Cayman.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Usually these limits are similar to your liability insurance amounts.

Liability

This can cover injuries or damage you cause to other people or property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for claims such as attorney fees, bail bonds and emergency aid. How much coverage you buy is up to you, but buy higher limits if possible.

Collision insurance

This coverage covers damage to your Cayman resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims such as scraping a guard rail, hitting a parking meter, backing into a parked car, colliding with a tree and crashing into a ditch. 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. Another option is to increase the deductible to get cheaper collision coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like surgery, ambulance fees, chiropractic care and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Comprehensive auto coverage

This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as a broken windshield, damage from flooding, a tree branch falling on your vehicle, falling objects and hitting a deer. The most you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.