Lower Your 2014 Porsche Panamera Car Insurance Rates

Trying to find the cheapest insurance rates for your Porsche Panamera? Are you irritated from not being able to scrape enough together to buy insurance? Your situation is no different than millions of other people. Multiple insurance companies compete for your insurance dollar, so it’s not easy to compare every insurer to find the absolute lowest rate

If you are insured now or are shopping for new coverage, you can use these techniques to find the best rates and possibly find even better coverage. Finding the best rates is not that difficult. Drivers just need to learn the proper methods to shop for car insurance online.

Get lower-cost insurance with discounts

The cost of insuring your cars can be expensive, but you may find discounts that could help you make your next renewal payment. Larger premium reductions will be automatically applied when you purchase, but some need to be inquired about prior to getting the savings. If they aren’t giving you every credit possible, you are just wasting money.

  • Good Students Pay Less – Maintaining excellent grades can earn a discount of 20% or more. You can use this discount normally up to age 25.
  • Professional Memberships – Joining a qualifying organization could trigger savings on your policy.
  • Life Insurance Discount – Not all insurance companies offer life insurance, but some may give you a discounted insurance rate on car insurance if you buy a life insurance policy as well.
  • Buy New and Save – Buying a new car instead of a used car can be considerably cheaper since new model year vehicles have better safety ratings.
  • Senior Citizen Discount – If you’re over the age of 55, you can get a small decrease in premiums for Panamera coverage.
  • Anti-theft Discount – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are less likely to be stolen and will save you 10% or more.

Keep in mind that most discount credits are not given to all coverage premiums. Some only apply to individual premiums such as comp or med pay. Just because it seems like you would end up receiving a 100% discount, it doesn’t quite work that way.

To choose companies who offer free insurance quotes, click here.

Tailor your auto insurance coverage to you

When it comes to buying proper insurance coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different so this has to be addressed. For example, these questions may help you determine if you would benefit from an agent’s advice.

  • Do I need replacement cost coverage on my 2014 Porsche Panamera?
  • Can I make deliveries for my home business?
  • If I drive on a suspended license am I covered?
  • Why do I only qualify for high-risk insurance?
  • Should I bundle my homeowners policy with my auto?
  • Am I missing any policy discounts?
  • When does my teenage driver need to be added to my policy?
  • Should I buy additional glass protection?
  • Should I have a commercial auto policy?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.

Auto insurance coverage breakdown

Understanding the coverages of auto insurance can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. These are the usual coverages offered by auto insurance companies.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Porsche Panamera.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Frequently these coverages are similar to your liability insurance amounts.

Comprehensive coverage

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like a broken windshield, damage from flooding, damage from getting keyed, vandalism and theft. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability coverages

Liability coverage provides protection from damage that occurs to a person or their property in an accident. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Alternatively, you may have a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things like emergency aid, medical services and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP reimburse you for expenses such as chiropractic care, rehabilitation expenses, pain medications and X-ray expenses. The coverages can be utilized in addition to your health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as scraping a guard rail, rolling your car, crashing into a ditch and driving through your garage door. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible in order to get cheaper collision rates.

Shop around and save

We just covered many tips how you can reduce 2014 Porsche Panamera insurance car insurance rates online. The key thing to remember is the more providers you compare, the better likelihood of getting inexpensive car insurance. Consumers may even find the most savings is with an unexpected company. Some small companies can often provide lower premium rates in certain areas as compared to the big name companies such as State Farm, Geico and Nationwide.

When shopping online for auto insurance, it’s a bad idea to sacrifice coverage to reduce premiums. There are a lot of situations where an insured dropped collision coverage only to find out they didn’t purchase enough coverage. The goal is to buy enough coverage at the lowest possible cost.

Budget-conscious 2014 Porsche Panamera insurance is definitely available from both online companies and from local agencies, so get free car insurance quotes from both of them to have the best rate selection. A few companies may not have price quotes online and most of the time these small insurance companies prefer to sell through independent insurance agencies.

More articles