2016 Porsche Panamera Insurance Rates

Trying to find the cheapest insurance coverage rates for your Porsche Panamera? Have you had enough of not being able to afford to pay insurance coverage each month? You have the same problem as many other drivers.

Insurance companies such as State Farm, Progressive and Geico all claim big savings with advertising and it is difficult to see past the corporate glitz and effectively compare rates to find the best deal.

If you currently have car insurance, you will most likely be able to save some money using these methods. Finding the best rates is not that difficult. Although car owners must learn how the larger insurance companies market insurance on the web and take advantage of how the system works.

The method we recommend to get rate comparisons is to realize most of the bigger providers participate in a system to give rate comparisons. To begin a comparison, all you need to do is take a few minutes to give details like the year, make and model of vehicles, if you lease or own, whether the vehicles are used for commuting, and coverage limits. Your information is sent automatically to all major companies and they return rate quotes within a short period of time.

Your situation helps dictate your coverage

When buying proper insurance coverage, there isn’t really a single plan that fits everyone. Everyone’s situation is unique so this has to be addressed. For instance, these questions may help highlight if you may require specific advice.

  • At what point should I drop full coverage?
  • Is my custom paint covered by insurance?
  • How much underlying liability do I need for an umbrella policy?
  • Am I covered when driving a rental car?
  • Are my tools covered if they get stolen from my vehicle?
  • Should I have combined single limit or split liability limits?
  • Is my trailer covered?
  • Does my 2016 Porsche Panamera qualify for pleasure use?
  • How do I insure my teen driver?
  • Do I need higher collision deductibles?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Auto insurance coverage options for a Porsche Panamera

Having a good grasp of your policy can help you determine the right coverages and the correct deductibles and limits. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find typical coverage types found on the average auto insurance policy.

Comprehensive or Other Than Collision – This coverage will pay to fix 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 protects against claims such as damage from a tornado or hurricane, hitting a deer and falling objects. The maximum payout your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability auto insurance – This will cover damage or injury you incur to a person or their property in an accident. It protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which provides one coverage limit without having the split limit caps.

Liability insurance covers things like medical services, legal defense fees and pain and suffering. How much liability should you purchase? That is up to you, but buy as much as you can afford.

UM/UIM Coverage – This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Porsche Panamera.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Medical costs insurance – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like rehabilitation expenses, X-ray expenses, chiropractic care, dental work and nursing services. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Collision coverage – This coverage will pay to fix damage to your Panamera caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as driving through your garage door, crashing into a building, colliding with a tree and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.