1993 Porsche 911 Insurance Rates

Trying to find the cheapest insurance rates for your Porsche 911? Finding low cost prices on Driversinsurance is always slightly frustrating for drivers who are new to online rate comparisons. Because there are so many insurers available, it can turn into a difficult mission to find the lowest price.

How to lower your insurance premiums

Multiple criteria are used in the calculation when you get a price on insurance. Some are obvious such as your driving record, but some are not as apparent such as your marital status and annual miles driven.

  • Costs also based on gender – The statistics show that females take fewer risks when driving. However, don’t assume that women are BETTER drivers than men. They both have fender benders in similar numbers, but the males cause more damage. In addition to higher claims, males also get ticketed for serious violations like reckless driving and DUI. Young males are most likely to cause an accident and therefore have the most expensive insurance rates.
  • Liability protection safeguards assets – Your insurance policy’s liability coverage will provide protection in the event that a jury decides you are liable for causing personal injury or damage in an accident. Liability insurance provides legal defense coverage which can cost a lot. Liability is cheap compared to other policy coverages, so do not cut corners here.
  • Location can affect price – Being located in areas with lower population can save you money when shopping for auto insurance. Residents of big cities tend to have much more traffic and longer commutes to work. Fewer people means fewer accidents as well as less vandalism and auto theft.
  • Credit history impacts premiums – Having a bad credit score is likely to be a major factor in your rate calculation. If your credit history is lower than you’d like, you could potentially save money when insuring your 1993 Porsche 911 by spending a little time repairing your credit. People that have excellent credit tend to be more responsible and file fewer claims than drivers with lower ratings.

These discounts can lower your insurance rates

Auto insurance companies don’t always advertise every available discount in a way that’s easy to find, so we took the time to find both the well known as well as the least known credits available to you. If you do not check that you are getting every discount available, you are just wasting money.

  • Waiver for an Accident – but a few companies such as Progressive and Allstate will allow you to have one accident before hitting you with a surcharge if your claims history is clear for a particular time prior to the accident.
  • Senior Discount – Mature drivers are able to get lower premium rates on 911 coverage.
  • Organization Discounts – Participating in specific professional or occupational memberships or organizations is a good way to get lower rates on your policy.
  • Discounts for Federal Employees – Employees or retirees of the government can save as much as 8% on 911 coverage but check with your company.
  • Payment Method – If paying your policy premium upfront rather than paying in monthly installments you could save up to 5%.
  • Buy New and Save – Buying coverage on a new vehicle can get you a discount because new vehicles are generally safer.

One thing to note about discounts is that many deductions do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Just because it seems like all the discounts add up to a free policy, it’s just not the way it works. Any amount of discount will definitely reduce your policy premiums.

Companies and their offered discounts are detailed below.

  • State Farm offers discounts for passive restraint, safe vehicle, driver’s education, multiple autos, Steer Clear safe driver discount, Drive Safe & Save, and multiple policy.
  • Progressive includes discounts for continuous coverage, online quote discount, good student, homeowner, multi-policy, online signing, and multi-vehicle.
  • Progressive offers discounts including multi-policy, continuous coverage, online signing, good student, and multi-vehicle.
  • MetLife may offer discounts for multi-policy, accident-free, good student, defensive driver, and good driver.
  • Farm Bureau may include discounts for multi-vehicle, safe driver, youthful driver, multi-policy, 55 and retired, and good student.
  • Geico may have discounts that include defensive driver, military active duty, federal employee, anti-theft, driver training, and membership and employees.
  • SAFECO has savings for drive less, anti-lock brakes, multi-car, accident prevention training, anti-theft, homeowner, and safe driver.

When quoting, ask each company or agent the best way to save money. Depending on the company, some discounts may not apply in your area.

Big names are not always cheapest

Well-known insurance companies like State Farm and Allstate regularly use television and radio advertisements. All the companies say the same thing that you can save if you just switch to them. How does every insurance company make almost identical claims? Just pay attention to how they say it.

Insurance providers have specific characteristics for the right customer they prefer to insure. For instance, this type of driver could be between the ages of 30 and 50, has a low-risk occupation, and drives a vehicle with a low ISO rating. A propective insured who meets those qualifications will probably get cheap prices and most likely will pay quite a bit less when switching companies.

Potential customers who are not a match for these criteria will probably be forced to pay higher rates which usually ends up with business not being written. The wording the ads use say “drivers that switch” not “all people who quote” save that much money. That is how companies can truthfully make those statements. This really emphasizes why you need to quote coverage with many companies. It is just not possible to predict with any certainty which company will provide you with the cheapest prices.

Different people need different auto insurance coverages

When buying the right insurance coverage, there isn’t really a perfect coverage plan. Every situation is different.

Here are some questions about coverages that might point out if your situation might need professional guidance.

  • Does my car insurance cover rental cars?
  • What vehicles should carry emergency assistance coverage?
  • What if I total my 1993 Porsche 911 and owe more than it’s worth?
  • When should I remove comp and collision on my 1993 Porsche 911?
  • Does liability extend to a camper or trailer?
  • Should I get collision insurance on every vehicle?
  • Am I covered when driving someone else’s vehicle?
  • Should I have combined single limit or split liability limits?
  • What is the ISO rating for a 1993 Porsche 911?
  • Can my teen driver be rated on a liability-only vehicle?

If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form.

Information about specific coverages

Knowing the specifics of your auto insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

UM/UIM Coverage

Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family and damage to your 1993 Porsche 911.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Auto liability insurance

This coverage will cover damage that occurs to people or other property. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: 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 means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims like legal defense fees, attorney fees, medical expenses, pain and suffering and loss of income. How much liability should you purchase? That is a decision to put some thought into, but buy as much as you can afford.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for short-term medical expenses like hospital visits, ambulance fees, doctor visits and dental work. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision insurance

This pays to fix your vehicle from damage resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as hitting a parking meter, damaging your car on a curb and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision

This coverage covers damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like damage from a tornado or hurricane, fire damage and hail damage. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Be Smart and Buy Smart

We covered a lot of information how to reduce 1993 Porsche 911 insurance prices online. It’s most important to understand that the more quotes you get, the better your comparison will be. Drivers may discover the lowest prices are with some of the lesser-known companies.

Lower-priced 1993 Porsche 911 insurance is definitely available from both online companies and from local insurance agents, so you need to shop insurance coverage with both to have the best selection. Some insurance providers may not provide rates over the internet and many times these smaller companies only sell coverage through independent agencies.

Drivers switch companies for many reasons like policy cancellation, delays in paying claims, high prices or unfair underwriting practices. Whatever your reason, switching insurance coverage companies is easier than you think.

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