Car Insurance Rates for a Porsche Cayman in Houston

Are you researching low-cost Porsche Cayman insurance in Houston? Car owners who are new to comparing insurance rates online may discover purchasing low cost Porsche Cayman insurance is harder than it should be.

Inconceivable but true, most Texas auto insurance customers kept their policy with the same company for four years or more, and almost 40% of drivers have never quoted auto insurance rates at all. Drivers in the U.S. could pocket up to 47% a year just by getting comparison quotes, but most just don’t grasp the amount of money they would save if they switched to a more affordable policy.

Keep in mind that comparing all the rates in your area will increase your chances of finding lower pricing. Not every company does Houston Cayman insurance quotes over the internet, so it’s necessary to compare prices from them, too.

The companies shown below provide comparison quotes in Houston, TX. If several companies are displayed, we recommend you visit as many as you can to find the lowest car insurance rates.

Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Rates do not factor in specific zip code location which can increase or decrease insurance rates noticeably.

Raise deductibles and save

A question often asked by Houston drivers is how high should the physical damage deductibles be. The following insurance rates approximate the price difference when you select higher and lower comp and collision deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rates do not factor in vehicle location which can increase or decrease coverage rates substantially.

Based on the figures above, using a $100 deductible will cost you approximately $57 more each month or $684 each year than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 16 months between claims, you would probably save some money going with the higher deductible.

Insurance premiums for males and females

The diagram below compares Porsche Cayman car insurance rates for male and female drivers. The rates are based on no claims or driving citations, full coverage, $1,000 deductibles, drivers are not married, and no other discounts are factored in.

Advertising and car insurance

Car insurance companies such as Progressive, Allstate and GEICO endlessly run television and radio advertisements. All the ads tend to make the same promise that drivers can save some big amount if you move your car insurance policy to them. But how can every company make the same claim? Just pay attention to how they say it.

All the different companies give the best rates for the type of driver that will be a good risk. For instance, this type of driver might have to be between the ages of 30 and 50, insures multiple vehicles, and the vehicle is rated for pleasure use. A propective insured who matches that profile will get a cheap rate quote in Houston and is almost guaranteed to save some money.

Consumers who do not match the requirements will probably be forced to pay a higher rate with the end result being the customer not buying. The trick companies use is to say “customers who switch” but not “all drivers who get quotes” can get the lowest rates when switching. This is how companies can truthfully make those statements.

Because each company has a different risk profile, you should get as many free Houston auto insurance quotes as possible. It’s just too difficult to predict the company that will give you the biggest savings.

Insuring your Cayman just makes sense

Even though Houston Cayman insurance rates can get expensive, buying car insurance serves a purpose in several ways.

First, the majority of states have compulsory liability insurance requirements which means you are required to carry a minimum amount of liability in order to get the vehicle licensed. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your car has a loan, almost all lenders will make it a condition of the loan that you carry insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the lender may insure your Porsche at a much higher rate and require you to reimburse them for the expensive policy.

Third, insurance safeguards both your assets and your vehicle. It will also cover all forms of medical expenses incurred in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If your Porsche gets damaged, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car outweigh the cost, especially for larger claims. Despite what companies tell you, the average driver overpays more than $810 a year so it’s very important to do a rate comparison once a year at a minimum to help ensure money is not being wasted.

Lower-cost Porsche Cayman insurance rates in Houston

Properly insuring your vehicles can get expensive, but there are discounts available that may help make it more affordable. A few discounts will be applied when you complete an application, but less common discounts must be specially asked for before you will receive the discount.

• One Accident Forgiven – Not really a discount, but companies like GEICO and Allstate will forgive one accident without raising rates if you have no claims before the accident.
• Anti-lock Brake System – Cars that have anti-lock braking systems can stop better under adverse conditions so companies give up to a 10% discount.
• Driver’s Ed – It’s a good idea to have your young drivers enroll in driver’s education as it can save substantially.
• Telematics Data Discounts – Drivers who elect to allow their company to spy on driving manner remotely such as Allstate’s Drivewise and State Farm’s In-Drive system could save a few bucks if their driving habits are good.
• Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn a discounted rate on car insurance if you buy life insurance from them.
• Use Seat Belts – Drivers who require all vehicle occupants to buckle up can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
• Good Students Pay Less – Being a good student can get you a discount of up to 25%. Most companies allow this discount up until you turn 25.
• Multiple Vehicles – Buying insurance for multiple cars or trucks with the same company can get a discount for every vehicle.
• Accident-Free Discounts – Houston drivers who stay claim-free pay much less compared to drivers with a long claim history.

Discounts reduce rates, but you should keep in mind that most discount credits are not given to the overall cost of the policy. Some only apply to the cost of specific coverages such as comprehensive or collision. Even though it appears it’s possible to get free car insurance, you aren’t that lucky. But any discount will help reduce your auto insurance premiums.

Popular auto insurance companies and their offered discounts are detailed below.

• 21st Century policyholders can earn discounts including anti-lock brakes, student driver, air bags, homeowners, automatic seat belts, and early bird.
• State Farm includes discounts for good driver, driver’s education, anti-theft, passive restraint, good student, and defensive driving training.
• AAA has discounts for multi-car, AAA membership discount, good student, education and occupation, multi-policy, and anti-theft.
• Liberty Mutual may offer discounts for multi-policy, preferred payment discount, new move discount, good student, safety features, and new graduate.
• Progressive offers discounts for good student, online quote discount, continuous coverage, multi-vehicle, homeowner, online signing, and multi-policy.

If you are trying to find cheaper Houston auto insurance quotes, ask each insurance company to give you their best rates. Some of the discounts discussed earlier may not be offered everywhere. If you would like to view insurers who offer discounts in Houston, click here to view.

Get rate quotes but work with a local Houston insurance agent

Some consumers still prefer to have an agent’s advice and there is nothing wrong with that. An additional benefit of comparing insurance prices online is that you can find cheap auto insurance rates but still work with a licensed agent. Buying from and supporting local agents is important especially in Houston.

Once you complete this short form, your information gets sent to insurance agents in Houston that give free quotes and help you find cheaper coverage. You won’t even need to contact any insurance agencies because prices are sent to you instantly. You can find the lowest rates without a big time investment. If for some reason you want to get a price quote from a specific auto insurance provider, you just need to find their quoting web page to submit a rate quote request.

Finding the right provider requires more thought than just the premium amount. The following questions are important to ask.

• Can glass claims be handled at your home?
• Are they properly licensed to sell insurance in Texas?
• Can they give you a list of client referrals?
• How many companies do they write for?
• Are aftermarket or OEM parts used to repair vehicles?
• How much can you save by raising your physical damage deductibles?
• What is their Better Business Bureau rating?

Different people need different car insurance coverages

When buying coverage online or from an agent for your vehicles, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s.

For example, these questions might point out if your insurance needs may require specific advice.

• Does my personal policy cover me when driving out-of-state?
• Does my insurance cover my expensive audio equipment?
• Is a blown tire covered by insurance?
• Where can I find high-risk insurance?
• When should I remove my kid from my policy?
• Can my teen drive my company car?
• Where can I find DUI or SR-22 insurance?
• Why do I need rental car insurance?
• Do I need roadside assistance coverage?
• What is UM/UIM insurance?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form.

Auto insurance 101

Learning about specific coverages of a insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Collision – Collision insurance pays for damage to your Cayman from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things such as colliding with a tree, crashing into a building, driving through your garage door, scraping a guard rail and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible on your Cayman in order to get cheaper collision rates.

Medical expense coverage – Coverage for medical payments and/or PIP provide coverage for immediate expenses like prosthetic devices, EMT expenses, funeral costs, nursing services and dental work. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible

Liability – This can cover damage that occurs to other’s property or people in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 30/60/25 which stand for $30,000 in coverage for each person’s injuries, a limit of $60,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things such as repair costs for stationary objects, pain and suffering, legal defense fees and loss of income. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible. Texas state law requires minimum liability limits of 30/60/25 but drivers should carry more liability than the minimum.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Porsche Cayman.

Because many people only carry the minimum required liability limits (which is 30/60/25), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are set the same as your liability limits.

Comprehensive protection – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, falling objects, damage from a tornado or hurricane and hail damage. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Persistence will pay off

Budget-friendly insurance in Houston is available from both online companies and from local agencies, and you need to price shop both in order to have the best chance of saving money. There are still a few companies who do not provide rates over the internet and usually these small insurance companies sell through independent insurance agencies.

People leave their current company for a variety of reasons including not issuing a premium refund, high rates after DUI convictions, an unsatisfactory settlement offer or extreme rates for teen drivers. It doesn’t matter what your reason, choosing a new insurance company can be less work than you think.

We just covered a lot of tips how to find cheaper Porsche Cayman insurance in Houston. The key thing to remember is the more rate quotes you have, the higher your chance of finding low cost Houston auto insurance quotes. You may even find the most savings is with a small local company.

Additional insurance information is located at the links below

• Teen Driver Licensing Information (iihs.org)
• Who Has Affordable Auto Insurance After a Speeding Ticket in Houston? (FAQ)
• What Car Insurance is Cheapest for 16 Year Olds in Houston? (FAQ)
• Who Has Cheap Auto Insurance for Drivers Over Age 50 in Houston? (FAQ)
• Child Safety Seats (Insurance Information Institute)
• Rental Reimbursement Coverage (Allstate)
• Preventing Carjacking and Theft (Insurance Information Institute)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)