Compare 1994 Porsche 928 Insurance Cost

Searching for better insurance rates for your Porsche 928? Overpriced insurance can take a big chunk out of your savings, especially in this economy. Shopping your coverage around can lower your rates and help to lower your monthly bill.

Companies like Geico and Progressive constantly bombard you with fancy advertisements and it is difficult to avoid their marketing magic and effectively compare rates to find the best deal.

It’s important to compare prices as often as possible since insurance prices trend upward over time. Just because you had the best price for 928 coverage a year ago other companies may now be cheaper. There are a lot of ways to save on insurance on the web, but in just a couple of minutes you can learn a bunch of ideas how to find cheap insurance.

Where can I get affordable auto insurance?

There are a variety of methods to compare auto insurance quotes, and some are less time-consuming than others. You can spend your afternoon talking about coverages with insurance companies in your area, or you could use the web for quick rates.

Most of the larger companies take part in a program where prospective buyers only type in their quote data once, and each participating company returns a rated price based on the submitted data. This eliminates the need for quote requests for each company you want a rate for.

To find out how much you can save on auto insurance click here (opens in new window).

The only drawback to doing it this way is you can’t choose which insurance companies to get pricing from. So if you prefer to pick specific providers to compare, we put together a list of companies who write auto insurance in your area. Click here to view list.

The approach you take is up to you, just be certain you are entering identical coverage limits and deductibles for each price quote. If the quotes have differing limits it’s not possible to determine the lowest rate for your Porsche 928. Having just a slight variation in insurance coverages could skew the results. It’s important to know that obtaining a wide range of quotes provides better odds of finding better pricing. Not every company provides price estimates online, so it’s important to compare price estimates from the smaller companies as well.

Drivers can save with these discounts

Companies that sell car insurance don’t always publicize every discount they offer very well, so we researched both the well known in addition to some of the lesser obvious credits available to lower your premiums when you buy car insurance online. If you do not double check each discount available, you could be paying more than you need to.

  • New Car Discount – Putting coverage on a new car can save up to 30% compared to insuring an older model.
  • Discounts for Federal Employees – Active or former government employment may reduce rates when you quote car insurance for 928 coverage but check with your company.
  • Early Renewal Discounts – Some insurance companies reward drivers for buying a new policy prior to the expiration date on your current policy. It’s a savings of about 10%.
  • More Vehicles More Savings – Buying coverage for more than one vehicle with the same company qualifies for this discount.
  • Resident Student – who are enrolled in a college that is more than 100 miles from home and do not take a car to college may be able to be covered for less.
  • Club Memberships – Being a member of a civic or occupational organization is a simple method to lower premiums on your next insurance statement.
  • ABS Brakes – Vehicles with ABS braking systems or traction control are much safer to drive and qualify for as much as a 10% discount.

Please keep in mind that most credits do not apply to all coverage premiums. Most cut specific coverage prices like physical damage coverage or medical payments. Even though it may seem like having all the discounts means you get insurance for free, companies don’t profit that way. Any amount of discount will reduce the amount you have to pay.

Companies and a partial list of their discounts are included below.

  • State Farm offers discounts for defensive driving training, good student, accident-free, Drive Safe & Save, passive restraint, student away at school, and multiple autos.
  • Geico has discounts for good student, air bags, military active duty, emergency military deployment, anti-lock brakes, multi-vehicle, and daytime running lights.
  • Progressive includes discounts for online signing, continuous coverage, multi-vehicle, good student, and multi-policy.
  • 21st Century may have discounts that include early bird, air bags, good student, defensive driver, automatic seat belts, and student driver.
  • American Family has savings for good student, defensive driver, air bags, mySafetyValet, Steer into Savings, and accident-free.
  • The Hartford may offer discounts for bundle, defensive driver, driver training, good student, and air bag.
  • AAA offers premium reductions for AAA membership discount, multi-car, pay-in-full, anti-theft, good driver, good student, and education and occupation.

When getting free car insurance quotes, it’s a good idea to every insurance company how many discounts you can get. Some of the discounts discussed earlier may not apply in every state. To choose companies that offer discounts, click here.

Informed drivers save on insurance

Many things are part of the equation when you quote your car insurance policy. Most are fairly basic such as your driving record, but other factors are more transparent such as whether you are married or your financial responsibility.When buying auto insurance it’s important to understand the rating factors that go into determining your policy premiums. If you know what determines base rates, this helps enable you to make changes that could result in better auto insurance rates.

The list below includes some of the most rate-impacting factors that factor into premiums.

  • Get a ticket, pay higher costs – Careful drivers get better rates compared to bad drivers. Having just one moving violation can bump up the cost twenty percent or more. Drivers who have received multiple tickets such as DUI, reckless driving or excessive speeding may find that they have to to submit a SR-22 form with their state motor vehicle department in order to keep their license.
  • Save miles driven and save money – The more you drive your Porsche every year the higher your rate. A lot of companies apply a rate partially by how you use the vehicle. Cars not used for work or commuting cost less to insure than those used for commuting. Ask your agent if your auto insurance policy states how each vehicle is driven. Having an incorrect usage rating on your 928 may be wasting your money.
  • Do you work long hours in a high stress occupation? – Careers like doctorsairline pilots and medical professionals generally have the highest rates because of job stress and extremely grueling work hours. On the flip side, careers such as actors, students and the unemployed pay the least for 928 coverage.
  • Five star safety rating saves money – Vehicles that have high safety ratings are cheaper to insure. These vehicles result in less severe injuries and reduced instances of injuries translates directly to fewer claims and more competitive rates for policyholders. If your Porsche 928 scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • How much liability protection – The liability coverage on your policy is the protection when you are found liable for physical damage or personal injury to other. It will provide legal defense coverage which can cost a lot. Liability insurance is quite affordable compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.
  • Save money by raising deductibles – Comp and collision deductibles state the amount of money the insured will be required to pay in the event of a claim. Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Examples of some claims that would be covered are collision with another vehicle, damage from fire, and damage from wind. The higher the amount you have to pay, the better rate you will receive for 928 coverage.
  • Do you need those add-on coverages? – Insurance companies have many additional coverages you can purchase if you aren’t diligent. Coverages like coverage for rental cars, death and dismemberment, and extra life insurance coverage are some examples. They may sound like good ideas initially, but if you have no use for them eliminate them to save money.
  • Do women or men drive better? – Over the last 30 years, statistics show that women are safer drivers than men. That doesn’t necessarily mean that males are worse at driving than females. Both sexes cause auto accidents at about the same rate, but guys cause more damage. Not only are claims higher, but men receive more major tickets like DUI and reckless driving.

Special considerations

When choosing coverage for your personal vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different so this has to be addressed. For example, these questions can help discover whether or not you may require specific advice.

  • Where can I find DUI or SR-22 insurance?
  • Is my babysitter covered when using my vehicle?
  • Can I rate high risk drivers on liability-only vehicles?
  • Does my insurance cover my expensive audio equipment?
  • How do I file an SR-22 for a DUI in my state?
  • Do I have any recourse if my insurance company denies a claim?
  • What should my uninsured motorist coverage limits be in my state?
  • Should I rate my 1994 Porsche 928 as pleasure use or commute?
  • Do I need medical payments coverage since I have good health insurance?
  • Will my vehicle be repaired with OEM or aftermarket parts?

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, fill out this quick form or you can go here for a list of companies in your area.

Auto insurance coverage considerations

Knowing the specifics of your auto insurance policy helps when choosing the best coverages for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages offered by auto insurance companies.

Coverage for liability – Liability insurance provides protection from injuries or damage you cause to other people or property. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability can pay for things such as funeral expenses, legal defense fees, pain and suffering, repair bills for other people’s vehicles and attorney fees. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision – This coverage pays for damage to your 928 caused by collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like colliding with a tree, rolling your car, backing into a parked car, driving through your garage door and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from older vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Comprehensive insurance – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hitting a deer, theft, a tree branch falling on your vehicle, vandalism and a broken windshield. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for expenses such as ambulance fees, rehabilitation expenses and doctor visits. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as damage to your 1994 Porsche 928.

Because many people have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Make a quick buck

As you prepare to switch companies, it’s very important that you do not reduce needed coverages to save money. There are too many instances where an insured dropped full coverage and found out when filing a claim that the few dollars in savings costed them thousands. The ultimate goal is to purchase a proper amount of coverage for the lowest price but still have enough coverage for asset protection.

Affordable 1994 Porsche 928 insurance is possible on the web and from local agencies, so you need to shop car insurance with both to have the best rate selection. Some insurance companies do not offer the ability to get quotes online and usually these small insurance companies work with local independent agents.

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