2011 Porsche Panamera Car Insurance Cost – 6 Tips for Best Prices

I can’t think of a single person who anticipates paying for insurance, especially when they are aware that their premiums are through the roof.

Big companies like Allstate and Progressive promote their brand names with TV and radio ads and consumers find it hard to see through the deception and effectively compare rates to find the best deal.

If you are paying for car insurance now, you will most likely be able to cut costs considerably using these tips. Finding affordable coverage is quite easy. Although vehicle owners can benefit by having an understanding of how the larger insurance companies market on the web and use this information to your advantage.

Don’t overlook these six insurance coverage discounts

Auto insurance companies do not list every policy discount in an easy-to-find place, so the below list has some of the best known in addition to some of the lesser obvious credits that may apply to you.

  • Driver Education Discount – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school.
  • Good Grades Discount – This discount can earn a discount of 20% or more. The good student discount can last until age 25.
  • Theft Prevention System – Vehicles with anti-theft systems help deter theft and will save you 10% or more.
  • Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to fasten their seat belts can save up to 10 percent (depending on the company) off the personal injury premium cost.
  • No Accidents – Drivers with accident-free driving histories are rewarded with significantly better rates on insurance quote as compared to drivers who are more careless.
  • Government Employee Discount – Being employed by or retired from a federal job could qualify for a slight premium decrease for Panamera coverage depending on your insurance coverage provider.

A quick disclaimer, some of the credits will not apply to all coverage premiums. Most cut individual premiums such as medical payments or collision. Just because it seems like you can get free auto insurance, nobody gets a free ride.

Some of the larger companies that may offer policyholders most of the discounts above possibly include:

If you want the cheapest insurance quotes, ask all the companies which discounts you may be entitled to. Some of the discounts discussed earlier may not be available in your area. If you would like to choose from a list of companies that offer discounts, follow this link.

Compare free insurance quotes

When shopping for affordable insurance quotes, there are a couple of ways to compare quotes from all the different companies. The fastest way to find cheaper Porsche Panamera rates is to get quotes online. This is quite simple and can be completed using a couple different methods.

  1. If you’re in a hurry, the quickest way to find low rates is a comparison rater form click to view form in new window. This easy form keeps you from doing a different quote for each company you want a rate for. Just one form gets rate comparisons from all major companies.
  2. A different way to obtain and compare quotes online requires a visit to the website for each individual company and complete a new quote form. For examples sake, we’ll assume you need rates from USAA, Geico and Travelers. You would be required to visit each site and enter your information, which is not fast way to get rate quotes. For a list of links to insurance companies in your area, click here.

It’s your choice how you get your quotes, but do your best to enter exactly the same coverages and limits for each price quote. If each company quotes mixed coverages it will be very difficult to decipher which rate is best. Just a small difference in insurance coverages or limits may cause a big price difference. It’s important to know that quoting more increases the change that you will find a lower rate than you’re paying now.

When to get professional advice

When choosing coverage, there really is no “perfect” insurance plan. Every insured’s situation is different so this has to be addressed. For instance, these questions may help highlight if your situation would benefit from an agent’s advice.

  • Is business equipment covered while in my vehicle?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Am I getting all the discounts available?
  • What companies insure drivers after a DUI or DWI?
  • Should I rate my 2011 Porsche Panamera as pleasure use or commute?
  • When do I need to add a new car to my policy?
  • Who is covered by my policy?
  • Should I put collision coverage on all my vehicles?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Auto insurance coverage basics

Learning about specific coverages of your policy aids in choosing which coverages you need for your vehicles. Auto insurance terms can be confusing and nobody wants to actually read their policy. These are typical coverage types found on most auto insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for hospital bills for your injuries and damage to your Porsche Panamera.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Frequently these coverages are similar to your liability insurance amounts.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like rock chips in glass, a broken windshield and a tree branch falling on your vehicle. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability coverage

Liability insurance protects you from damage or injury you incur to other people or property in an accident. It protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability can pay for things such as attorney fees, emergency aid, pain and suffering, medical services and repair costs for stationary objects. How much coverage you buy is up to you, but you should buy higher limits if possible.

Collision coverage

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

Collision can pay for things like driving through your garage door, colliding with a tree, sideswiping another vehicle, colliding with another moving vehicle and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as hospital visits, funeral costs, doctor visits and EMT expenses. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Be Smart and Buy Smart

As you quote insurance, it’s very important that you do not skimp on critical coverages to save a buck or two. In many cases, consumers will sacrifice physical damage coverage and found out when filing a claim they didn’t have enough coverage. The goal is to find the BEST coverage at an affordable rate, not the least amount of coverage.

Affordable 2011 Porsche Panamera insurance can be sourced both online as well as from independent agents, so get free insurance quotes from both of them to have the best selection. Some companies may not provide rate quotes online and usually these small insurance companies provide coverage only through independent agencies.

You just read a lot of ways to reduce 2011 Porsche Panamera insurance premium rates online. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. Consumers may even find the best premium rates are with a small local company. Regional companies may cover specific market segments cheaper than their larger competitors like Allstate, Geico and Progressive.

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