2002 Porsche 911 Car Insurance Cost – 6 Savings Tips

When looking for cheaper insurance, are you intimidated by the sheer number of auto insurance choices? There are so many choices to choose from that it can really be hard work to locate the lowest prices.

It’s a good habit to compare prices at least once a year because auto insurance rates go up and down regularly. If you had the best rate on 911 insurance a year ago there is a good chance you can find better prices now. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to the easiest way to eliminate unnecessary coverages and save money.

Compare car insurance price quotes

Most companies like State Farm, Geico and Progressive allow you to get coverage prices on their websites. Comparing rates online doesn’t take a lot of time as all you need to do is type in your coverage preferences as requested by the quote form. Behind the scenes, their quoting system will obtain your driving and credit reports and quotes a price.

Quoting online makes it simple to compare prices but the process of having to visit many different websites and type in the same information gets old quite quickly. But it’s absolutely necessary to do this if you want to find the best price possible.

Online rates the easy way

The preferred way to lower your car insurance bill is to use a quote form that analyzes rates from several different companies. It’s a real time-saver, requires less work, and makes rate comparisons much easier. As soon as you send your information, it is quoted and you are able to buy your choice of the returned quotes.

If the quotes result in lower rates, you can simply submit the application and purchase the new policy. The whole process takes less than 15 minutes and you will find out if you’re overpaying now.

To quickly find out how much you’re overpaying now, simply click here to open in new window and input your coverage information. If you currently have coverage, we recommend you type in the coverages exactly as they are listed on your policy. This helps ensure you will have an apples-to-apples comparison for exact coverage.

Save a ton with these six insurance coverage discounts

Insurance coverage is easily one of your largest bills, but there may be some discounts that can help lower your rates. Certain reductions will be credited at the time of quoting, but a few must be asked about prior to getting the savings.

  • First Accident Forgiveness – This one is not really a discount per se, but companies like Libery Mutual, Geico and Allstate will forgive one accident without the usual rate increase if your claims history is clear for a certain period of time.
  • Discount for Good Grades – A discount for being a good student can get you a discount of up to 25%. Earning this discount can benefit you up to age 25.
  • Theft Deterent – Cars, trucks, and SUVs with anti-theft systems can help prevent theft and can earn a small discount on your policy.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to complete a driver education course in school or through a local driver safety program.
  • Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn better prices if you take out a life insurance policy as well.
  • New Car Discount – Insuring a new car can save up to 30% because newer vehicles have to meet stringent safety requirements.

Consumers should know that many deductions do not apply to your bottom line cost. Most only reduce individual premiums such as comprehensive or collision. Even though the math looks like it’s possible to get free car insurance, you’re out of luck. Any amount of discount will lower your policy cost.

Popular insurance coverage companies and a partial list of their discounts are detailed below.

  • Progressive discounts include multi-policy, multi-vehicle, online quote discount, online signing, good student, and continuous coverage.
  • SAFECO may offer discounts for teen safety rewards, anti-lock brakes, safe driver, multi-car, homeowner, and anti-theft.
  • American Family has discounts for accident-free, defensive driver, TimeAway discount, good student, good driver, and Steer into Savings.
  • MetLife has savings for good student, claim-free, good driver, accident-free, multi-policy, defensive driver
  • Geico offers discounts including emergency military deployment, multi-vehicle, good student, daytime running lights, air bags, five-year accident-free, and anti-lock brakes.
  • The Hartford offers premium reductions for driver training, defensive driver, good student, vehicle fuel type, bundle, and anti-theft.

If you need lower rates, check with each company what discounts are available to you. Depending on the company, some discounts might not be available to policyholders in every state. To choose insurance coverage companies with discount insurance coverage rates, click this link.

Auto insurance can get complicated

When choosing coverage, there really is no one size fits all plan. Everyone’s situation is a little different.

For instance, these questions may help highlight if your insurance needs might need an agent’s assistance.

  • What are the best liability limits?
  • What is high-risk coverage and where do I buy it?
  • Which is better, split liability limits or combined limits?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • How do I file an SR-22 for a DUI in my state?
  • Do I pay less for low miles?
  • Am I covered if I crash into my own garage door?
  • Are my friends covered when driving my 2002 Porsche 911?
  • How much can I save by bundling my policies?
  • Is pleasure use cheaper than using my 2002 Porsche 911 to commute?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form.

Information about specific coverages

Having a good grasp of a insurance policy helps when choosing the right coverages for your vehicles. Policy terminology can be confusing and coverage can change by endorsement.

Liability coverages

This protects you from damage that occurs to a person or their property that is your fault. 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. As an example, you may have liability limits of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Another option is a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things such as legal defense fees, repair costs for stationary objects, bail bonds and emergency aid. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Comprehensive insurance

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like falling objects, damage from flooding, a tree branch falling on your vehicle and vandalism. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and also any damage incurred to your Porsche 911.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Collision protection

Collision insurance covers damage to your 911 resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things like sustaining damage from a pot hole, backing into a parked car, sideswiping another vehicle, hitting a mailbox and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for expenses for nursing services, prosthetic devices, ambulance fees and dental work. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage