Compare Porsche Cayman Insurance Rate Quotes in Dallas

Are you drained from robbing Peter to pay Paul to make your car insurance payment? You are no different than many other Texas consumers.

A recent study showed that most consumers have been with the same company for four years or more, and nearly half have never compared rates with other companies. Most drivers in Dallas could save about 70% a year just by shopping around, but they underestimate how much they could save if they switched to a more affordable policy.

You have multiple insurers to pick from, and even though it’s nice to be able to choose, having more insurers makes it harder to compare rates and cut insurance costs.

Smart consumers take time to quote other rates before your next renewal due to the fact that insurance prices trend upward over time. Despite the fact that you may have had the lowest quotes on Porsche Cayman insurance in Dallas two years ago you can probably find a lower rate today. Ignore everything you know about car insurance because I’m going to teach you the fastest way to save money, get proper coverage and the best rates.

Locating the most cost-effective auto insurance policy in Dallas is quite easy. If you currently have a car insurance policy, you will most likely be able to shop for the lowest rates using the concepts you’re about to learn. But Texas consumers can benefit from knowing how the larger insurance companies calculate their prices because it can help you find the best coverage.

When price shopping your coverage, obtaining a wide range of quotes will increase your chances of finding more affordable insurance. Not every company provides Dallas Cayman insurance quotes online, so you also need to get price quotes from them, too.

The auto insurance companies shown below have been selected to offer comparison quotes in Dallas, TX. If multiple companies are shown, we suggest you click on several of them in order to get a fair rate comparison.

Verify you’re applying every discount

Insuring your vehicles can cost a lot, but you may find discounts that can drop the cost substantially. Some trigger automatically when you purchase, but a few must be inquired about in order for you to get them.

• Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems may get savings of more than 20%.
• College Student – Kids who live away from home to go to college and do not take a car to college may be able to be covered for less.
• Low Mileage Discounts – Low mileage vehicles may allow you to get lower premium rates due to less chance of an accident.
• No Claims – Drivers who don’t have accidents can save substantially in comparison with frequent claim filers.
• Professional Organizations – Being in certain professional organizations may earn a discount on your next insurance statement.
• Multiple Policy Discount – If you insure your home and vehicles with one insurance company you could save approximately 10% to 15%.
• Driver’s Education for Students – Require your teen driver to complete a driver education course if it’s offered in school.
• Discount for Life Insurance – If the company offers life insurance, you could get a lower price if you buy auto and life insurance together.

Don’t be shocked that most discounts do not apply the whole policy. Some only apply to the price of certain insurance coverages like medical payments or collision. Despite the appearance that all the discounts add up to a free policy, nobody gets a free ride.

The information below illustrates the comparison of Porsche Cayman premium costs with and without some available policy discounts. The data is based on a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, multi-car, multi-policy, and homeowner discounts applied.

Companies and their possible discounts are included below.

• State Farm has discounts for good driver, multiple policy, Steer Clear safe driver discount, defensive driving training, accident-free, and passive restraint.
• GEICO discounts include daytime running lights, good student, membership and employees, multi-vehicle, and military active duty.
• SAFECO offers discounts for anti-lock brakes, safe driver, accident prevention training, bundle discounts, and teen safety rewards.
• Farmers Insurance has savings for mature driver, alternative fuel, business and professional, youthful driver, homeowner, distant student, and switch companies.
• AAA may have discounts that include multi-car, multi-policy, education and occupation, AAA membership discount, and good driver.
• USAA policyholders can earn discounts including military installation, driver training, loyalty savings, annual mileage, multi-policy, and family discount.

When getting a coverage quote, ask each insurance company which discounts you qualify for. Some discounts may not apply in Dallas. If you would like to choose from a list of companies that have a full spectrum of discounts in Texas, click here to view.

Porsche Cayman insurance coverage information

The table shown next highlights detailed analysis of insurance prices for Porsche Cayman models. Learning how insurance prices are calculated can assist in making smart choices when purchasing an auto insurance policy.

Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can revise auto insurance rates greatly.

Rate comparison for different deductibles

The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The data tables below can help you understand how much more you’ll pay when you select higher and lower insurance deductibles. The first table uses a $250 deductible for physical damage and the second price chart uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Table data does not factor in garaging location in Dallas which can change coverage rates substantially.

Based on the above data, using a $250 deductible could cost the average driver approximately $40 more each month or $480 for a full year averaged for all Cayman models than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 19 months between claim filings, you would save more money if you decide on a higher deductible.

The diagram below demonstrates how choosing different deductibles and can change Porsche Cayman insurance costs for different insured age categories. The premiums are based on a married female driver, full coverage, and no discounts are factored in.

Difference between liability only and full coverage rates

The example below illustrates the difference between Porsche Cayman car insurance rates with full physical damage coverage compared to only buying liability only. The premiums assume no claims or driving citations, $500 deductibles, marital status is single, and no other discounts are factored in.

When to switch to liability coverage only

There is no set guideline of when to eliminate full coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s assume your Porsche Cayman claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $7,000 after paying your deductible. If premium cost is more than $700 annually for physical damage coverage, then it might be time to buy liability only.

There are some conditions where removing full coverage is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not remove full coverage.

Smart Consumers Can Reduce Insurance Rates

When buying auto insurance it’s important to understand some of the things that help determine your auto insurance rates. When you know what positively or negatively determines base rates, this allows you to make educated decisions that could result in lower rates.

Listed below are some of the factors used by companies to determine premiums.

• Insure car and home with the same company – Some auto insurance companies apply better rates to clients that purchase more than one policy such as combining an auto and homeowners policy. Even with this discount, you still need to check prices from other companies to help guarantee you have the best rates.
• Pay less with a high crash test rating – Safer cars cost less to insure. Safe vehicles have better occupant injury protection and lower injury rates means lower claim amounts and thus lower rates. If your Porsche Cayman is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.

• Gender and insurance rates – Statistics show that women are safer drivers than men. This data doesn’t prove that females are better at driving than males. Both sexes have fender benders in similar percentages, but the males cause more damage and cost insurance companies more money. In addition to higher claims, males also receive more costly citations such as driving while intoxicated (DWI) or driving recklessly.

  The example below shows the difference between Porsche Cayman insurance rates for male and female drivers. The data assumes no claims or driving violations, comp and collision included, $250 deductibles, drivers are single, and no policy discounts are applied.

• Cheaper rates with high coverage deductibles – Physical damage insurance, also known as collision and other-than-collision, helps pay for damage to your vehicle. A few examples of covered claims could be a dented fender, flood damage, and burglary. Deductibles for physical damage tell how much you are required to pay if a covered claim is submitted. The higher the amount you choose to pay out-of-pocket, the better rate you will receive.

• Older drivers save more – More experienced drivers tend to be more responsible, file fewer claims, and are safer drivers. Youthful drivers are known to get distracted easily when at the wheel of a vehicle therefore auto insurance rates are much higher.

  The following data uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.

• Traffic violations can be expensive – Being a careful driver has a lot to do with how much you pay for insurance. Just one chargeable violation can increase the cost of insurance forty percent or more. Drivers who don’t get tickets tend to pay less for car insurance as compared to those with violations. Drivers with careless violations such as DUI or reckless driving might be required by their state to complete a SR-22 with their state in order to prevent their license from being revoked.

  The chart below illustrates how speeding tickets and fender-benders raise Porsche Cayman car insurance rates for each age group. The premiums are based on a single male driver, full coverage, $500 deductibles, and no additional discounts are factored in.

• If you don’t need it don’t buy it – Insurance policies have a lot of extra coverages that can add up if you aren’t diligent. Add-on coverages like personal injury protection, death and dismemberment, and membership fees are probably not needed. The coverages may be enticing when buying your policy, but if you have no use for them consider taking them off your policy.
• Credit score impacts premium costs – Having a bad credit history can be an important factor in determining your rates. Therefore, if your credit leaves room for improvement, you could save money insuring your Porsche Cayman by improving your credit score. Insureds that have excellent credit scores tend to be more responsible than those with poor credit.

• Loss probability for a Porsche Cayman – Insurers use claims history in order to profitably underwrite each model. Models that are shown to have higher prevalence or dollar amount of losses will cost more for specific coverages. The table below illustrates the historical insurance loss data for Porsche Cayman vehicles.

  For each coverage type, the loss probability for all vehicles, regardless of make or model, is a value of 100. Percentage numbers below 100 indicate better than average losses, while percentages above 100 indicate frequent claims or an increased chance of larger losses than average.

  
  

  Porsche Cayman Insurance Loss Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Porsche Cayman 2dr	183	40	99	36

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  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years