Save on 2010 Porsche Cayman Car Insurance Cost

Consumers who are new to comparing insurance rates online are likely to find sourcing low cost auto insurance to be a formidable task.

It’s important to do price comparisons on a regular basis because prices trend upward over time. If you had the lowest price on Cayman coverage two years ago other companies may now be cheaper. Don’t believe everything you read about insurance online but you can learn the easiest ways to quit paying high insurance rates.

Cheap car insurance

To find cheap auto insurance quotes, there are several ways to get quotes from local car insurance companies. The quickest method to do a complete rate comparison is to use the internet to compare rates. This is very easy and can be done using a couple different methods.

  1. The first (and easiest) way consumers can analyze rates is an all-inclusive rate comparison like this one (opens in new window). This quick form keeps you from doing repetitive form entry for each company. One simple form gets coverage cost estimates from multiple companies. Just one form and you’re done.
  2. A harder way to find more affordable insurance is to manually visit each individual company website and request a quote. For example, we’ll assume you are doing a rate comparison from Allstate, Progressive and Geico. To get rate quotes you would need to go to every website and enter your information, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.

You can choose any of those ways to find more affodable coverage, but make sure you compare exactly the same coverage limits and deductibles for each quote you get. If the quotes have different data it will be impossible to get a fair rate comparison. Having just a slight variation in coverages may result in a large different in cost. It’s important to know that comparing a wide range of rates helps increase your odds of locating a better price.

Which is the best auto insurance?

When buying coverage for your vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is unique.

These are some specific questions can aid in determining if your situation might need professional guidance.

  • How much liability coverage do I need in my state?
  • When can my company non-renew my policy?
  • Is a new car covered when I drive it off the dealer lot?
  • Can I afford to buy a different vehicle if my 2010 Porsche Cayman is totaled?
  • Is my teen driver covered when they drive my company car?
  • Is my custom paint covered by insurance?
  • How much underlying liability do I need for an umbrella policy?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Insurance coverage basics

Having a good grasp of insurance aids in choosing which coverages you need for your vehicles. Policy terminology can be ambiguous and coverage can change by endorsement.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage 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 and damage to your Porsche Cayman.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability coverages – This coverage will cover injuries or damage you cause to other people or property by causing an accident. It protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

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 might see limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as structural damage, loss of income and pain and suffering. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as pain medications, prosthetic devices and surgery. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive insurance – This covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as damage from getting keyed, rock chips in glass, theft, vandalism and hitting a bird. The highest amount your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision coverages – Collision insurance will pay to fix damage to your Cayman resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things like damaging your car on a curb, crashing into a building, scraping a guard rail, rolling your car and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.