Are you at wits end from sacrificing to pay car insurance each month? You are no different than the majority of other people in Texas.
Smart shoppers know that auto insurance companies don’t want you quoting rates from other companies. Insureds who compare rates annually are inclined to move their business because of the good chance of finding a lower-priced policy. Remarkably, a study showed that drivers who routinely shopped for cheaper coverage saved about $3,500 over four years as compared to drivers who never shopped around for lower prices.
If finding budget-friendly insurance is why you’re reading this, then knowing the best way to quote and compare auto insurance can make it easier for you to save money.
Steps to finding the cheapest rates for Porsche 911 insurance in Dallas
To save the most money, the best way to get cheaper auto insurance rates is to annually compare prices from insurers that sell auto insurance in Dallas. This can be done by following these steps.
- Step 1: Try to learn a little about the different coverages in a policy and the modifications you can make to keep rates low. Many policy risk factors that cause high rates such as accidents, traffic tickets, and an unfavorable credit rating can be rectified by improving your driving habits or financial responsibility. Keep reading for additional ideas to get cheaper coverage and find additional discounts.
- Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from a single company like GEICO and Allstate, while independent agencies can provide prices for a wide range of companies.
- Step 3: Compare the quotes to your current policy premium to determine if switching companies saves money. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.
- Step 4: Notify your current company to cancel your current auto insurance policy. Submit any necessary down payment along with the completed application for your new policy. Be sure to store the certificate of insurance somewhere easily accessible.
One important bit of advice is to use the same coverage limits and deductibles on each price quote and and to get price estimates from as many carriers as you can. This ensures a fair rate comparison and maximum price selection.
Multiple car insurance companies compete to insure your vehicles, so it’s not easy to compare every provider to discover the definitive cheapest price on Porsche 911 insurance in Dallas.
It’s important to price shop coverage periodically since insurance prices change regularly. If you had the best price on Porsche 911 insurance in Dallas two years ago there is a good chance you can find better rates now. Ignore everything you know about car insurance because you’re about to learn the tricks you need to know to eliminate unnecessary coverages and save money on Porsche 911 insurance in Dallas.
Detailed insurance information
The information displayed below highlights different coverage costs for Porsche 911 models. Understanding how insurance rates are calculated can benefit drivers when making smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $382 | $930 | $358 | $22 | $108 | $1,800 | $150 |
| 911 Carrera 4 2-Dr Coupe | $414 | $930 | $358 | $22 | $108 | $1,832 | $153 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $414 | $930 | $304 | $18 | $92 | $1,758 | $147 |
| 911 Carrera 2 S 2-Dr Coupe | $414 | $930 | $358 | $22 | $108 | $1,832 | $153 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $414 | $930 | $304 | $18 | $92 | $1,758 | $147 |
| 911 Carrera 4S 2-Dr Coupe | $414 | $1018 | $358 | $22 | $108 | $1,920 | $160 |
| 911 Carrera Targa 2-Dr Coupe | $414 | $1018 | $358 | $22 | $108 | $1,920 | $160 |
| 911 Carrera 2 S 2-Dr Convertible | $414 | $1018 | $304 | $18 | $92 | $1,846 | $154 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $448 | $930 | $304 | $18 | $92 | $1,792 | $149 |
| 911 Carrera Targa S 2-Dr Coupe | $448 | $1018 | $358 | $22 | $108 | $1,954 | $163 |
| 911 GT3 2-Dr Coupe | $448 | $1104 | $358 | $22 | $108 | $2,040 | $170 |
| 911 GT3 RS 2-Dr Coupe | $512 | $1192 | $358 | $22 | $108 | $2,192 | $183 |
| 911 Turbo 2-Dr Coupe | $512 | $1192 | $358 | $22 | $108 | $2,192 | $183 |
| 911 Turbo 2-Dr Convertible | $512 | $1280 | $304 | $18 | $92 | $2,206 | $184 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Rate information does not factor in Dallas location which can revise price quotes greatly.
Physical damage deductibles: Should you raise them?
One common question asked by Dallas drivers is how low should you set your deductibles. The following insurance rates sum up the cost difference when you select higher and lower comp and collision deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $446 | $938 | $382 | $22 | $114 | $1,927 | $161 |
| 911 Carrera 4 2-Dr Coupe | $484 | $938 | $382 | $22 | $114 | $1,965 | $164 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $484 | $938 | $324 | $20 | $96 | $1,887 | $157 |
| 911 Carrera 2 S 2-Dr Coupe | $484 | $938 | $382 | $22 | $114 | $1,965 | $164 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $484 | $938 | $324 | $20 | $96 | $1,887 | $157 |
| 911 Carrera 4S 2-Dr Coupe | $484 | $1026 | $382 | $22 | $114 | $2,053 | $171 |
| 911 Carrera Targa 2-Dr Coupe | $484 | $1026 | $382 | $22 | $114 | $2,053 | $171 |
| 911 Carrera 2 S 2-Dr Convertible | $484 | $1026 | $324 | $20 | $96 | $1,975 | $165 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $522 | $938 | $324 | $20 | $96 | $1,925 | $160 |
| 911 Carrera Targa S 2-Dr Coupe | $522 | $1026 | $382 | $22 | $114 | $2,091 | $174 |
| 911 GT3 2-Dr Coupe | $522 | $1116 | $382 | $22 | $114 | $2,181 | $182 |
| 911 GT3 RS 2-Dr Coupe | $598 | $1204 | $382 | $22 | $114 | $2,345 | $195 |
| 911 Turbo 2-Dr Coupe | $598 | $1204 | $382 | $22 | $114 | $2,345 | $195 |
| 911 Turbo 2-Dr Convertible | $598 | $1292 | $324 | $20 | $96 | $2,355 | $196 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $362 | $756 | $382 | $22 | $114 | $1,636 | $136 |
| 911 Carrera 4 2-Dr Coupe | $394 | $756 | $382 | $22 | $114 | $1,668 | $139 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $394 | $756 | $324 | $20 | $96 | $1,590 | $133 |
| 911 Carrera 2 S 2-Dr Coupe | $394 | $756 | $382 | $22 | $114 | $1,668 | $139 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $394 | $756 | $324 | $20 | $96 | $1,590 | $133 |
| 911 Carrera 4S 2-Dr Coupe | $394 | $828 | $382 | $22 | $114 | $1,740 | $145 |
| 911 Carrera Targa 2-Dr Coupe | $394 | $828 | $382 | $22 | $114 | $1,740 | $145 |
| 911 Carrera 2 S 2-Dr Convertible | $394 | $828 | $324 | $20 | $96 | $1,662 | $139 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $424 | $756 | $324 | $20 | $96 | $1,620 | $135 |
| 911 Carrera Targa S 2-Dr Coupe | $424 | $828 | $382 | $22 | $114 | $1,770 | $148 |
| 911 GT3 2-Dr Coupe | $424 | $900 | $382 | $22 | $114 | $1,842 | $154 |
| 911 GT3 RS 2-Dr Coupe | $486 | $970 | $382 | $22 | $114 | $1,974 | $165 |
| 911 Turbo 2-Dr Coupe | $486 | $970 | $382 | $22 | $114 | $1,974 | $165 |
| 911 Turbo 2-Dr Convertible | $486 | $1042 | $324 | $20 | $96 | $1,968 | $164 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price information does not factor in specific garaging location which can influence coverage rates significantly.
Based on the data above, we can derive that using a $250 deductible would cost the average driver about $26 more each month or $312 each year across all Porsche 911 models than buying the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go more than 10 months between claims, you would probably save some money if you choose a higher deductible.
How to calculate deductible break even point
| Average monthly premium for $250 deductibles: | $172 |
| Average monthly premium for $500 deductibles (subtract): | – $146 |
| Monthly savings from raising deductible: | $26 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $26 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 10 months |
Dallas Insurance Costs are Influenced by These Factors
It’s important that you understand some of the things that play a part in calculating insurance rates. If you have a feel for what influences your rates, this helps enable you to make changes that could help you find lower insurance prices. Lots of factors are considered when you get a price on insurance. Some are obvious such as traffic violations, but other criteria are less obvious like your continuous coverage or your financial responsibility.
Discounts for married couples – Your spouse may earn you lower rates on your insurance policy. Having a significant other demonstrates that you tend to be less irresponsible and statistics prove married drivers get in fewer accidents.
Get a ticket, pay higher premiums – A bad driving record has a big impact on rates. Good drivers receive lower rates as compared to careless drivers. Even a single chargeable violation can bump up the cost by twenty percent. Drivers who have serious violations like hit and run, DWI or reckless driving convictions are required to submit a SR-22 form with their state’s licensing department in order to legally drive.
The diagram below illustrates how traffic citations and at-fault accidents drive up Porsche 911 insurance premiums for each age group. The rates are based on a married male driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.
Add-on coverages push up costs – There are quite a few extra bells and whistles that you can get tricked into buying but may not be useful. Coverage for things like vanishing deductibles, better glass coverage, and extra equipment coverage may not be needed and are just wasting money. They may sound like good ideas when buying your policy, but your needs may have changed so consider taking them off your policy.
Cheaper premiums for prior coverage – Letting your insurance expire can be a sure-fire way to pay more for insurance. And not only will insurance be more expensive, not being able to provide proof of insurance will get you a fine, jail time, or a revoked license.
Physical damage deductibles – The deductibles you choose tell how much you are required to spend out-of-pocket if a covered claim is submitted. Coverage for physical damage, also called ‘full coverage’, covers damage that occurs to your car. Examples of some claims that would be covered could be a windshield broken by a bird, animal collisions, and damage caused by road hazards. The more you’re willing to pay, the better rate you will receive.
Porsche 911 claim probability – Insurance companies use past insurance losses to help calculate a profitable premium price. Vehicles that tend to have a trend towards higher claims will have higher premium rates. The next table illustrates the actual insurance loss data for Porsche 911 vehicles.
For each type of coverage, the claim amount for all vehicles, without regard to make or model, equals 100. Percentages below 100 represent a good loss history, while percentage numbers above 100 indicate a higher chance of having a claim or larger claims.
| Specific Porsche Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Porsche 911 Carrera 2dr | 191 | 47 | 173 | 24 | ||
| Porsche 911 Carrera Convertible | 197 | 51 | 224 | 36 | ||
| Porsche 911 Turbo 2dr 4WD | 349 | 367 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Cheaper coverage is out there
As you quote Dallas auto insurance, it’s not a good idea to skimp on critical coverages to save a buck or two. In too many instances, an insured cut physical damage coverage only to regret that the savings was not a smart move. The ultimate goal is to purchase a proper amount of coverage at the best price, not the least amount of coverage.
We covered a lot of ways to compare Porsche 911 insurance rates in Dallas. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even find the biggest savings come from an unexpected company. They can often provide lower car insurance rates in certain areas than the large multi-state companies such as GEICO and State Farm.
How to save money on Porsche 911 insurance in Dallas
If saving money is your primary concern, then the best way to get more affordable Porsche 911 insurance is to make a habit of regularly comparing prices from insurance carriers that insure vehicles in Dallas. You can shop around by following these guidelines.
- Get a basic knowledge of what coverages are included in your policy and the modifications you can make to prevent expensive coverage. Many rating factors that result in higher prices such as getting speeding tickets and an unacceptable credit score can be controlled by making small lifestyle or driving habit changes.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from one company like Progressive or State Farm, while independent agents can provide rate quotes for many different companies.
- Compare the price quotes to your existing coverage and see if there is a cheaper rate in Dallas. If you can save money and buy the policy, make sure coverage is continuous and does not lapse.
A good tip to remember is to try to compare the same amount of coverage on each quote and and to analyze as many carriers as you can. Doing this provides an apples-to-apples comparison and the best rate selection.
Even more information is available in the articles below:
- Vehicle Insurance (Wikipedia)
- What Car Insurance is Cheapest for Uber Drivers in Dallas? (FAQ)
- Who Has Affordable Dallas Car Insurance for Lyft Drivers? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Unemployed Drivers in Dallas? (FAQ)
- Who Has the Cheapest Dallas Car Insurance Rates for Drivers Over Age 60? (FAQ)
- Who Has Affordable Auto Insurance Rates for Teenage Females in Dallas? (FAQ)
- Red Light Cameras (State Farm)
- Preventing Carjacking and Theft (Insurance Information Institute)