Car Insurance Rates for a Porsche Boxster in Philadelphia

Have you finally had enough of paying out the nose to pay your auto insurance bill each month? You are in the same boat as the majority of other people in Pennsylvania.

Smart shoppers know that insurance companies don’t want policyholders to shop around. People who shop around once a year are inclined to switch companies because there is a high probability of getting low-cost coverage. A recent study showed that people who compared rates once a year saved as much as $850 each year compared to other drivers who never shopped around for better prices.

If finding the most affordable auto insurance in Philadelphia is why you’re here, then understanding the best way to compare insurance premiums can make it simple to find affordable coverage. Due to the increasing number of insurance companies to choose from that have lower-cost insurance for a Porsche Boxster in Philadelphia, it is very difficult to pick the most cost effective auto insurance provider.

Philadelphia insurance discounts for a Porsche Boxster

The cost of insuring your cars can be expensive, but there could be significant discounts to cut the cost considerably. Many of these discounts will be applied automatically when you get a quote, but a few must be specially asked for before you will receive the discount. If you aren’t receiving every discount possible, you could be getting lower rates.

• Multiple Cars – Purchasing coverage when you have more than one vehicle on one policy can get a discount on all vehicles.
• Passenger Safety Discount – Cars that have air bags and/or automatic seat belt systems could see savings as much as 30%.
• Waiver for an Accident – This isn’t a discount exactly, but companies like Progressive, State Farm and GEICO will forgive one accident before they charge you more for coverage if you have no claims for a certain period of time.
• Good Students Pay Less – Maintaining excellent grades can earn a discount of 20% or more. The discount lasts up until you turn 25.
• Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and will qualify for a discount on a Philadelphia auto insurance quote.
• Good Driver Discount – Insureds who avoid accidents can get discounts for up to 45% lower rates than their less cautious counterparts.
• Driver’s Ed – Require your teen driver to successfully complete driver’s ed class in school.
• Life Insurance – Larger auto insurance companies have a discounted rate on car insurance if you buy auto and life insurance together.

As a footnote on discounts, most credits do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as liability and collision coverage. Even though it may seem like it’s possible to get free car insurance, that’s just not realistic. But all discounts will lower your policy premiums.

The example below illustrates the difference between Porsche Boxster insurance premiums with and without discounts applied to the policy rates. The price estimates are based on a female driver, a clean driving record, no claims, Pennsylvania state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-policy, multi-car, safe-driver, and homeowner discounts applied.

Some of the larger companies who may offer some of the discounts shown above include:

• Progressive
• MetLife
• Mercury Insurance
• Nationwide
• GEICO
• AAA

When comparing rates, check with all companies you are considering which credits you are entitled to. Some discounts listed above may not apply to policyholders in Philadelphia. To find insurers with significant discounts in Philadelphia, click here to view.

All major car insurance companies such as Progressive, GEICO, Allstate and State Farm give insurance quotes online. Getting online quotes for Porsche Boxster insurance in Philadelphia is quite easy as you simply type in your coverage information on the page. After you submit the form the system will order your driving and credit reports and quotes a price based on the information you submitted. This helps simplify price comparisons, and it’s very important to perform this step if you want to get the most affordable premium.

To compare pricing, compare quotes from the companies shown below. If you currently have coverage, we recommend you input coverages and limits just like they are on your policy. Doing this guarantees you are getting comparison quotes for similar coverage.

The providers in the list below are ready to provide free quotes in Philadelphia, PA. If the list has multiple companies, we suggest you visit several of them in order to find the most affordable rates.

Insurance coverage details

The premium information below covers different rate quotes for Porsche Boxster models. Learning more about how policy premiums are formulated can aid in making decisions on the best policy coverages.

Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Pennsylvania minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Premium amounts do not factor in zip code location which can change coverage rates significantly.

How high should deductibles be?

The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The rates shown below lay out how much more you’ll pay of buying low and high policy deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second data table uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Prices do not factor in specific zip code location which can increase or decrease auto insurance rates significantly.

Based on these figures, using a $250 deductible costs about $32 more each month or $384 a year across all Porsche Boxster models than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 23 months between claims, you would more than likely save some money going with the higher deductible.

The example below demonstrates how deductibles and can affect Porsche Boxster yearly insurance costs for each age group. The price estimates are based on a single female driver, full physical damage coverage, and no other discounts are factored in.

Insurance cost for men versus women

The information below compares Porsche Boxster premium costs for male and female drivers. The price estimates are based on no claims or driving violations, full coverage, $100 deductibles, drivers are not married, and no discounts are factored in.

What insurance coverages do I need?

When buying coverage, there really isn’t a single plan that fits everyone. Every insured’s situation is different.

Here are some questions about coverages that might point out whether you would benefit from professional advice.

• Can good grades get a discount?
• When would I need additional glass coverage?
• Does my Porsche Boxster qualify for pleasure use?
• What is covered by UM/UIM coverage?
• Do I need replacement cost coverage on my Porsche Boxster?
• Does car insurance cover theft of personal property?
• What can I do if my company won’t pay a claim?
• Does insurance cover damages from a DUI accident?

If it’s difficult to answer those questions then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form. It is quick, free and you can get the answers you need.

Local Philadelphia insurance agencies and car insurance

Some people still like to buy from a local agent and that is a smart decision Insurance agents are very good at helping people manage risk and give you someone to call. One of the benefits of comparing rate quotes online is that you can obtain cheap rate quotes and still buy from a local agent.

After completing this quick form, your insurance coverage information is sent to participating agents in Philadelphia that provide free Philadelphia auto insurance quotes for your business. You won’t need to find an agent since rate quotes are delivered to your email. If you need to get a rate quote from a specific insurance company, feel free to search and find their rate quote page and fill out the quote form the provide.

Finding a good company is decision based upon more than just a cheap quote. Below are some questions you should ask.

• Do they get extra compensation for selling add-on coverages?
• Does the agent help file claims?
• Does the agency provide any after hours assistance?
• Which company do they place the most coverage with?
• Are there any discounts that you might be missing?
• Is insurance their full-time profession?
• Do they have designations such as AIC, CPCU, or CIC?
• Do you have coverage for a rental car if your vehicle is in the repair shop?

Below are Philadelphia car insurance companies who can help you get rate quotes for Porsche Boxster insurance in Philadelphia.

More Philadelphia agents

If you receive good answers to all your questions in addition to an acceptable price estimate, most likely you have located an provider that meets the criteria to adequately provide car insurance.

Insurance is not optional

Even though it’s not necessarily cheap to insure a Porsche in Philadelphia, insuring your vehicle is a good idea for several reasons.

• Most states have compulsory liability insurance requirements which means state laws require a minimum amount of liability insurance in order to license the vehicle. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you took out a loan on your Porsche, most lenders will force you to have full coverage to guarantee loan repayment. If you default on your policy, the bank will be required to insure your Porsche at a much higher premium rate and require you to reimburse them the higher price.
• Insurance safeguards your Porsche Boxster and your assets. It will also reimburse you for all forms of medical expenses for not only you but also any passengers injured in an accident. Liability coverage also covers legal expenses if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to have it repaired.

The benefits of carrying adequate insurance definitely exceed the cost, specifically if you ever have a liability claim. According to a survey of 1,000 drivers, the average driver is wasting up to $830 a year so compare quotes from several companies once a year at a minimum to ensure rates are competitive.

Auto insurance policy specifics

Understanding the coverages of your auto insurance policy helps when 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.

Coverage for liability – Liability coverage will cover injuries or damage you cause to people or other property. 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 per person, bodily injury per accident and property damage. You might see liability limits of 15/30/5 which means a $15,000 limit per person for injuries, a per accident bodily injury limit of $30,000, and $5,000 of coverage for damaged property.

Liability coverage pays for things such as court costs, repair costs for stationary objects, emergency aid, repair bills for other people’s vehicles and pain and suffering. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford. Pennsylvania requires drivers to carry at least 15/30/5 but you should consider buying more coverage.

The illustration below shows why buying minimum limits may not be high enough to cover claims.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for expenses for X-ray expenses, chiropractic care and dental work. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover you and your occupants in addition to if you are hit as a while walking down the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision – This coverage pays for damage to your Boxster caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims like crashing into a ditch, colliding with a tree and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible on your Boxster in order to get cheaper collision rates.

UM/UIM Coverage – This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits (Pennsylvania limits are 15/30/5), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Comprehensive or Other Than Collision – Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as hitting a deer, damage from a tornado or hurricane, a tree branch falling on your vehicle and falling objects. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Cheaper insurance is a realistic goal

You just read a lot of techniques to find cheap Porsche Boxster insurance in Philadelphia. The key concept to understand is the more rate comparisons you have, the better your comparison will be. You may even find the most savings is with an unexpected company.

Lower-priced Porsche Boxster insurance in Philadelphia is available online in addition to many Philadelphia insurance agents, and you should compare rates from both to get a complete price analysis. Some insurance companies do not provide the ability to get quotes online and most of the time these smaller providers prefer to sell through local independent agents.

Drivers leave their current company for many reasons like poor customer service, not issuing a premium refund, denial of a claim and questionable increases in premium. It doesn’t matter what your reason, choosing a new company can be pretty painless.

Even more information is located in the articles below:

• Car Insurance: When not to Skimp (BankRate.com)
• Who Has Affordable Car Insurance for Business Use in Philadelphia? (FAQ)
• Who Has the Cheapest Philadelphia Car Insurance for Police Officers? (FAQ)
• Who Has Affordable Auto Insurance for a GMC Sierra in Philadelphia? (FAQ)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
• What to do at the Scene of an Accident (Insurance Information Institute)
• Safety Features for Your New Car (State Farm)
• Your Car has been Stolen: Now What? (Allstate)