2018 Porsche 718 Cayman Car Insurance Cost

Looking for better auto insurance rates for your Porsche 718 Cayman? Expensive Porsche 718 Cayman insurance can overdraw your checking account and make it tough to pay other bills. Doing a price comparison is an excellent way to lower your monthly bill.

With so many insurance providers from which to choose, it can be diffult for drivers to choose the best auto insurance company.

Compare insurance coverage rates

When comparison shopping, there are several ways to get quotes from companies that offer insurance coverage in your state. The simplest method to find the cheapest 2018 Porsche 718 Cayman insurance rates is to jump online and get quotes. It’s really quite simple and can be done in a couple of different ways.

  • Without a doubt, the easiest way to get quotes for comparison is a comparison rater form like this one (opens in new window). This easy form eliminates the need for separate quotes for each company. Taking the time to complete one form gets you coverage quotes from several companies.
  • A more time consuming way to compare rate quotes requires a visit to each individual company website and request a quote. For instance, let’s assume you want to view quotes from Farmers, Allstate and Liberty Mutual. You would be required to navigate to each company’s site and repeatedly type in your coverage information, which is why most consumers use the first method. To view a list of companies in your area, click here.

Whichever way you use, compare the same quote information for each quote you get. If you have unequal deductibles or liability limits it will be nearly impossible to get a fair rate comparison. Having just a slight variation in limits can mean a large discrepancy in price. Keep in mind that getting more free quotes increases the change that you will find more affordable insurance. Some insurance companies are not set up to provide quotes online, so you also need to get rates from those companies as well.

Cheaper rates by getting discounts

Some insurance providers don’t necessarily list every policy discount in a way that’s easy to find, so we break down a few of the more common and also the lesser-known credits available to bring down your rates.

  • Cautious Drivers – Drivers without accidents may save up to 50% more on 718 Cayman coverage compared to rates paid by drivers with frequent claims.
  • Organization Discounts – Having an affiliation with a civic or occupational organization is a good way to get lower rates when getting a car insurance quote.
  • Theft Deterent Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems can help prevent theft so companies will give you a small discount.
  • 55 and Retired – Mature drivers are able to get a small discount on rates on 718 Cayman coverage.
  • Discounts for Government Workers – Federal government employees may reduce rates when you quote car insurance on 718 Cayman coverage with select insurance companies.
  • Telematics Data Discounts – Drivers that enable companies to look at their driving habits through the use of a telematics system such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates if they have good driving habits.
  • College Student Discount – who are enrolled in higher education away from home and won’t have access to an insured vehicle may be insured at a cheaper rate.
  • Save with More Vehicles Insured – Buying coverage for all your vehicles on one policy may reduce the rate for each vehicle.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the overall cost of the policy. Some only reduce specific coverage prices like liability and collision coverage. So even though you would think you would end up receiving a 100% discount, that’s just not realistic. Any amount of discount will cut the amount you pay for coverage.

A few popular companies and the discounts they provide are included below.

  • State Farm may offer discounts for student away at school, defensive driving training, passive restraint, Steer Clear safe driver discount, multiple autos, and Drive Safe & Save.
  • GEICO discounts include five-year accident-free, driver training, good student, federal employee, membership and employees, and anti-lock brakes.
  • Liberty Mutual offers premium reductions for multi-car, exclusive group savings, new vehicle discount, new graduate, and safety features.
  • The Hartford may include discounts for defensive driver, good student, bundle, vehicle fuel type, and anti-theft.
  • MetLife offers discounts for accident-free, multi-policy, good student, claim-free, defensive driver, good driver
  • Progressive has savings for online signing, multi-vehicle, homeowner, multi-policy, and continuous coverage.

Before purchasing a policy, check with every company how you can save money. Some credits may not be available in your area. If you would like to view insurance companies that offer some of these discounts, click here.

Your auto insurance coverage should be tailored to you

When buying the best auto insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique and your policy should reflect that. For example, these questions may help you determine whether your personal situation might need professional guidance.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Do I need rental car coverage?
  • Should I rate my 2018 Porsche 718 Cayman as pleasure use or commute?
  • Do I have coverage when making deliveries for my home business?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Do I need roadside assistance coverage?
  • Why do I only qualify for high-risk insurance?
  • What if I owe more than I can insure my car for?
  • What exactly is covered by my policy?
  • Who is covered when they drive my 2018 Porsche 718 Cayman?

If you’re not sure about those questions then you might want to talk to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Specific coverage details

Understanding the coverages of your policy can help you determine the best coverages at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most auto insurance policies.

Liability coverages – This can cover damage that occurs to other’s property or people. It protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for things such as structural damage, attorney fees and bail bonds. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage kick in for immediate expenses for hospital visits, EMT expenses, doctor visits, rehabilitation expenses and nursing services. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants as well as being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as damage to your 2018 Porsche 718 Cayman.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Usually these coverages are set the same as your liablity limits.

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like sustaining damage from a pot hole, crashing into a building, backing into a parked car and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive insurance – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like vandalism, fire damage, a tree branch falling on your vehicle, damage from flooding and theft. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.