2005 Porsche Carrera GT Car Insurance Rates

I doubt anyone looks forward to paying premiums for insurance coverage, especially knowing their premiums are through the roof. Because there are so many different company options, it’s difficult to find a lower cost company.

Finding the best rates is quite easy. If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using this strategy. Vehicle owners only need an understanding of the proper methods to compare company rates on the web.

Free insurance quotes

Getting a cheaper price on 2005 Porsche Carrera GT insurance is a great way to save money. All you need to do is invest a little time to compare rate quotes online with multiple companies. This can be accomplished by using one of the methods below.

  1. If you are pressed for time, the simplest way to compare a lot of rates at once would be an industry-wide quote request form click here to open form in new window. This style of form keeps you from doing separate quotes for every prospective company. Just one form compares rates from insurance companies with the best prices.
  2. A less efficient way to obtain and compare quotes online requires visiting the website for every company you want to comare and go through the quote process again. For examples sake, let’s assume you want to compare rates from State Farm, Farmers and GMAC. You would have to go to every website to input your insurance information, which is not fast way to get rate quotes.

    To view a list of companies in your area, click here.

Which method you use is up to you, but do your best to use exactly the same coverage information on every price quote you get. If the quotes have different values for each quote you can’t possibly make a fair rate comparison.

Car insurance discounts help lower rates

Companies offering auto insurance don’t always advertise the entire discount list in an easy-to-find place, so the list below contains both the well known in addition to some of the lesser obvious discounts that you may qualify for.

  • Driver’s Ed – Teen drivers should complete a driver education course if it’s offered in school.
  • Senior Citizen Discount – Seniors may be able to get a small decrease in premiums on Carrera GT insurance.
  • Employee of Federal Government – Being employed by or retired from a federal job can earn a discount up to 10% on Carrera GT insurance with a few car insurance companies.
  • Paper-free Discount – A few larger online companies give back up to $50 simply for signing online.
  • ABS Braking Discount – Cars with ABS and/or traction control prevent accidents and qualify for as much as a 10% discount.
  • Passive Restraint Discount – Factory air bags and/or automatic seat belt systems can qualify for discounts of 20 to 30 percent.
  • Good Student – Being a good student can earn a discount of 20% or more. Earning this discount can benefit you well after school through age 25.

One last thing about discounts, some of the credits will not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like comp or med pay. So despite the fact that it appears you can get free auto insurance, companies don’t profit that way. Any qualifying discounts will help reduce your policy premium.

Companies and a partial list of their discounts are:

  • State Farm offers premium reductions for defensive driving training, good driver, driver’s education, accident-free, and multiple autos.
  • Nationwide discounts include anti-theft, business or organization, easy pay, multi-policy, Farm Bureau membership, and accident-free.
  • Geico includes discounts for good student, defensive driver, multi-vehicle, anti-theft, driver training, and air bags.
  • AAA may include discounts for good driver, anti-theft, multi-policy, AAA membership discount, pay-in-full, good student, and multi-car.
  • 21st Century offers discounts for anti-lock brakes, 55 and older, defensive driver, driver training, homeowners, theft prevention, and automatic seat belts.
  • The Hartford offers discounts including defensive driver, bundle, good student, anti-theft, and driver training.

If you need cheaper insurance quotes, ask every company which discounts they offer. Some discounts listed above may not be available in your area. If you would like to choose from a list of insurers with significant discounts, click this link.

Which is the best insurance?

When it comes to buying coverage for your personal vehicles, there really is no “best” method to buy coverage. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions may help highlight if you could use an agent’s help.

  • What is the ISO rating for a 2005 Porsche Carrera GT?
  • Is business equipment covered while in my vehicle?
  • Does my 2005 Porsche Carrera GT need full coverage?
  • How high should deductibles be on a 2005 Porsche Carrera GT?
  • When should I drop full coverage on my 2005 Porsche Carrera GT?
  • Can my teen driver be rated on a liability-only vehicle?
  • Why am I required to get a high-risk car insurance policy?
  • What if I owe more than I can insure my car for?
  • Am I covered if I break a side mirror?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier It’s fast, free and may give you better protection.

Good decisions result in lower insurance premiums

Lots of things are taken into consideration when you get a price on insurance. Some are obvious like an MVR report, but other criteria are not quite as obvious like your continuous coverage and annual miles driven.

The itemized list below are a few of the “ingredients” utilized by car insurance companies to help set your rates.

  • Always have insurance – Driving without insurance can get your license suspended and any future policy may cost more because you let your coverage have a gap. Not only will you pay higher rates, failure to provide proof of insurance could result in fines or a revoked license. Then you may be required to submit proof of financial responsibility or a SR-22 with your state DMV.
  • Pay lower rates after the wedding – Having a significant other can get you a discount on insurance. It usually means you are more mature and statistics show married drivers tend to file fewer claims.
  • Lower rates with a multi-policy discount – The majority of insurance companies provide a discount to clients who consolidate policies with them. It’s known as a multi-policy discount. Discounts can add up to 10 percent or more. Even with this discount, it’s always a smart idea to compare rates to guarantee you are still saving the most. Consumers may find a better deal by buying from different companies
  • Tickets are costly – Your driving record has a big impact on rates. Having a single speeding ticket may cause rates to rise by as much as thirty percent. Drivers who don’t get tickets receive lower rates than their less careful counterparts. Drivers who have flagrant violations such as DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to drive a vehicle legally.
  • Too many insurance claims and you’ll pay more – If you tend to file frequent claims, you can expect either a policy non-renewal or much higher rates. Auto insurance companies award better rates to people who are not frequent claim filers. Your car insurance is intended to be relied upon for the large, substantial claims.
  • Save money by having good credit – Credit history will be a significant factor in determining your rates. Insureds with excellent credit scores tend to be better drivers and file fewer claims as compared to drivers with lower credit ratings. If your credit is lower than you’d like, you may save money insuring your 2005 Porsche Carrera GT by repairing your credit.
  • Stress out and pay more – Do you work in a high-stress field? Jobs like lawyers, architects and financial analysts are shown to have higher premium rates in part from intense work-related stress and lengthy work days. On the other hand, jobs like actors, students and the unemployed get better rates on Carrera GT insurance.

Can you really save that much by switching?

Consumers constantly see and hear ads for cheaper insurance from companies such as Progressive, Geico, Allstate and State Farm. They all seem to say the same thing that people will save just by moving to their company.

How is it plausible that every one can give you a better price? This is the trick they use.

Insurance providers have an ideal profile for the type of driver that earns them a profit. For example, a profitable customer could be over age 30, carries full coverage, and drives less than 5,000 miles a year. Any driver that hits that “sweet spot” will get very good prices and therefore will save when switching.

People who are not a match for this ideal profile will probably be forced to pay higher rates and this can result in business going elsewhere. The ads state “drivers that switch” but not “everyone who gets a quote” save that kind of money. That’s why companies can make those claims. Because of the profiling, you really should get as many free insurance quotes as possible. You cannot predict which insurance companies will provide the lowest prices.

Car insurance coverages for a Porsche Carrera GT

Having a good grasp of your auto insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement. These are the usual coverages offered by auto insurance companies.

Collision coverage

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

Collision can pay for things like backing into a parked car, damaging your car on a curb, sustaining damage from a pot hole and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.

UM/UIM Coverage

This protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Liability

This coverage can cover damage that occurs to other’s property or people by causing an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims such as pain and suffering, bail bonds and repair costs for stationary objects. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for prosthetic devices, nursing services, ambulance fees, X-ray expenses and EMT expenses. They are used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix 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 coverage protects against claims like rock chips in glass, hitting a deer, fire damage, damage from a tornado or hurricane and vandalism. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Cheaper insurance is a realistic goal

When getting insurance quotes online, do not buy poor coverage just to save money. Too many times, an insured cut full coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to purchase plenty of coverage at the best possible price.

Cheaper 2005 Porsche Carrera GT insurance can be found both online as well as from insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies may not provide online rate quotes and many times these small, regional companies sell through independent agents.

Helpful articles