How Much Does 2001 Porsche 911 Insurance Cost?

Looking for lower insurance coverage rates for your Porsche 911? Think you have an overpriced insurance coverage policy? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out.

Numerous auto insurance companies battle to insure your vehicles, and because of this it can be hard to compare car insurance companies to discover the definitive best rates possible.

If you are paying for car insurance now, you stand a good chance to be able to save some money using these methods. Buying car insurance is not rocket science. Nevertheless, consumers must learn how insurance companies price insurance differently and use this information to your advantage.

Compare insurance rates

Most major insurance companies like Geico, State Farm and Progressive allow you to get coverage price quotes direct online. Getting online quotes is pretty easy as all you need to do is type in the coverage amounts you desire on the page. Once you submit the form, the system obtains your driving record and credit report and returns a price based on the information you submitted. Quoting online makes it a lot easier to compare rates but the time required to go to many different websites and type in the same information is repetitive and time-consuming. Unfortunately, it is important to do this if you are searching for better prices.

A less time-consuming method to lower your rates uses just one form that gets price quotes from multiple companies. The form is fast, helps eliminate reptitive entry, and makes rate comparisons much more enjoyable and efficient. Once the form is submitted, it is quoted and you can select your choice of the quotes that you receive.

If a lower price is quoted, you can click and sign and buy the policy. The whole process takes less than 15 minutes and can result in significant savings.

To save time and compare rates using this form now, click here to open in new window and input your coverage information. If you currently have coverage, we recommend that you enter coverages and limits identical to your current policy. This ensures you will have a fair comparison for similar coverage.

Save a ton with discounts

Insurance can cost an arm and a leg, but you might already qualify for some discounts to reduce the price significantly. Certain discounts will be applied at the time you complete a quote, but some may not be applied and must be manually applied before they will apply.

  • Membership in Organizations – Being a member of a civic or occupational organization can get you a small discount when shopping for car insurance.
  • Driver Safety – Taking a driver safety course could save 5% or more if you qualify.
  • College Student Discount – Kids who live away from home to go to college and don’t have a car could qualify for this discount.
  • Good Driver Discounts – Drivers without accidents may save up to 50% more on 911 coverage than drivers with accident claims.
  • Payment Method – If you can afford to pay the entire bill instead of paying each month you could save up to 5%.
  • First Accident Forgiveness – This one isn’t a discount, but certain companies will forgive one accident before they charge you more for coverage as long as you don’t have any claims for a specific time period.
  • Good Student – Excelling in school may save as much as 25% on a insurance coverage quote. Earning this discount can benefit you up to age 25.
  • Theft Deterent System – Cars equipped with tracking devices and advanced anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course if it’s offered in school.
  • Air Bag Discount – Vehicles with factory air bags may qualify for discounts up to 30%.

Keep in mind that some credits don’t apply to all coverage premiums. Most only reduce the cost of specific coverages such as comprehensive or collision. Despite the fact that it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

To see car insurance companies that offer multiple discounts, click here to view.

Components of your Porsche 911 insurance costs

An important part of buying insurance is that you know the factors that aid in calculating your policy premiums. When consumers understand what determines base rates, this enables informed choices that could help you find cheaper rates.

The items below are most of the major factors that factor into your premiums.

  • Big cities mean more claims – Having an address in less populated areas of the country has definite advantages when insuring your vehicles. Fewer drivers and short commutes means reduced accidents in addition to fewer liability claims. Drivers in populated areas tend to have much more traffic and more time behind the wheel. More time on the road translates into higher accident risk.
  • Vehicle features impact car insurance rates – Choosing a vehicle that has an advanced theft prevention system can save you a little every year. Theft deterrent systems like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft and help lower rates.
  • Poor driving leads to higher costs – How you drive impacts your car insurance rates tremendously. Drivers who don’t get tickets pay lower auto insurance prices as compared to those with violations. Even one speeding ticket or other violation can increase the cost of insurance to the point where it’s not affordable. Drivers who have gotten multiple violations like hit and run, DWI or reckless driving convictions are required to submit a SR-22 or proof of financial responsibility with their state DMV in order to legally drive.
  • Bundle policies and save – Some companies afford better rates to buyers who have multiple policies with them, otherwise known as a multi-policy discount. Even with this discount applied, you may still want to comparison shop to guarantee you are still saving the most. You may still save more without the discount by buying insurance from more than one company.
  • Drive less and get lower premiums – Driving more miles in a year’s time the higher your rates will be. Almost all companies charge rates based upon how much you drive. Autos that are left in the garage can get a lower rate than those used for commuting. Having an incorrect usage rating on your 911 may be costing you. It’s a good idea to make sure your car insurance policy is rated on the correct usage.

What is the best insurance coverage?

When buying proper insurance coverage, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions might help in determining whether your personal situation will benefit from professional help.

  • At what point should I drop full coverage?
  • When would I need rental car insurance?
  • Can I afford low physical damage deductibles?
  • Is a fancy paint job covered?
  • How much liability do I need to cover my assets?
  • What can I do if my company denied a claim?
  • Am I covered when pulling a rental trailer?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Coverage specifics

Learning about specific coverages of auto insurance helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. These are the normal coverages found on most auto insurance policies.

Liability auto insurance – This protects you from damages or injuries you inflict on other’s property or people by causing an accident. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. 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 insurance covers claims like structural damage, court costs, repair bills for other people’s vehicles, medical expenses and legal defense fees. How much coverage you buy is up to you, but consider buying as much as you can afford.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for chiropractic care, dental work, prosthetic devices and hospital visits. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible

UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as damage to your Porsche 911.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is very important. Usually these coverages are similar to your liability insurance amounts.

Collision coverage – This covers damage to your 911 from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims such as scraping a guard rail, damaging your car on a curb and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Comprehensive auto coverage – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like rock chips in glass, a tree branch falling on your vehicle, fire damage, a broken windshield and vandalism. The maximum amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

More effort can pay off

As you shop your coverage around, it’s a bad idea to buy poor coverage just to save money. Too many times, drivers have reduced physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. Your strategy should be to find the BEST coverage at the best possible price, but don’t skip important coverages to save money.

We’ve covered some good ideas how you can lower your 2001 Porsche 911 insurance premium rates. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the lowest priced insurance comes from a company that doesn’t do a lot of advertising. Regional companies may only write in your state and offer lower prices than the large multi-state companies such as Progressive and Geico.

Even more information can be read at these sites: