Save Money on Porsche Cayman Insurance in Cincinnati

Are you irritated from wondering where the money will come from each month for car insurance? Your situation is no different than many other Ohio consumers.

Amazingly, a recent NerdWallet.com study showed that the vast majority of drivers kept buying from the same company for at least four years, and nearly 40% of drivers have never compared quotes from other companies. With the average car insurance premium being $1,343, Ohio drivers could save themselves roughly $730 a year just by getting comparison quotes, but they just feel it’s too hard to compare rate quotes online. Popular companies such as Allstate and Progressive constantly blast consumers with ads and it is difficult to ignore the propaganda and find the best price available.

Consumers should take time to do rate comparisons quite often because rates trend upward over time. Just because you found the lowest premium rates on Porsche Cayman insurance in Cincinnati on your last policy you will most likely find a better price today. Block out anything you think you know about car insurance because I’m going to teach you the quickest way to find lower rates on car insurance.

The following companies have been selected to offer comparison quotes in Cincinnati, OH. If you wish to find the cheapest car insurance in Ohio, we recommend you click on several of them to get the lowest price.

Auto insurance discounts help lower rates for Porsche Cayman insurance in Cincinnati

Buying auto insurance is not cheap, but you may qualify for discounts to help bring down the price. Some discounts apply automatically at the time of purchase, but some need to be specially asked for before you will receive the discount.

• Discounts for Multiple Vehicles – Buying coverage for all your vehicles on one policy can reduce the rates for all insured vehicles.
• Responsible Driver Discounts – Insureds without accidents can pay as much as 50% less than less cautious drivers.
• Distant Student Discount – Older children who are enrolled in higher education away from home and don’t have a car could qualify for this discount.
• Accident Waiver – This isn’t a discount exactly, but certain companies may permit one accident without raising rates as long as you don’t have any claims prior to being involved in the accident.
• Air Bags and Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can get savings up to 30%.
• Discounts for Federal Employees – Having worked for a branch of the government could qualify for a slight premium decrease with some auto insurance companies.

Don’t be shocked that most credits do not apply to the overall cost of the policy. Some only apply to specific coverage prices like comprehensive or collision. So despite the fact that it appears all those discounts means the company will pay you, it just doesn’t work that way.

The illustration below illustrates the comparison of Porsche Cayman insurance rates with and without discounts applied to the rates. The premiums are based on a male driver, no tickets, no at-fault accidents, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, homeowner, multi-car, and multi-policy discounts applied.

Companies that may offer policyholders most of the discounts above are:

• Progressive
• GEICO
• State Farm
• Esurance
• The Hartford

When quoting, ask each company or agent which discounts can lower your rates. A few discounts may not apply in Cincinnati. To see companies with significant discounts in Cincinnati, click here.

Analysis of coverages

The coverage information shown below covers detailed analysis of insurance premium costs for Porsche Cayman models. Having a better idea how policy rates are determined can help customers make informed purchases.

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Price information does not factor in vehicle location which can change coverage rates noticeably.

Should you raise deductibles?

One common question asked by Cincinnati drivers is which deductibles should you choose. The data tables below may aid in understanding how much more rates are when you choose different physical damage coverage deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second data table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Estimates do not factor in garaging location in Cincinnati which can influence coverage rates greatly.

Based on these figures, using a $250 deductible costs about $24 more each month or $288 every year than selecting the higher $1,000 deductible. Because you would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you average more than 31 months between claim filings, you would more than likely save some money if you elect the higher deductible.

Yearly auto insurance costs for men versus women

The information below illustrates the comparison of Porsche Cayman auto insurance costs for male and female drivers. The rates are based on no claims or driving violations, full physical damage coverage, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

Cincinnati Insurance Costs are Influenced by These Factors

An important part of buying insurance is that you know some of the things that aid in calculating your premiums. If you have some idea of what influences your rates, this enables you to make decisions that will entitle you to cheaper rates. Many factors are used when you get your auto insurance bill. Most are fairly basic such as your driving history, although others are more transparent like your vehicle usage and annual miles driven.

The more you drive the more you pay – The higher the miles on your Porsche annually the more it will cost to insure it. A lot of companies calculate prices based upon how the vehicle is primarily used. Vehicles that have low annual miles can get a lower rate than vehicles that have high annual mileage. It’s a smart idea to ensure your declarations sheet states the correct usage for each vehicle. An improperly rated Cayman can result in significantly higher rates.

Responsible drivers have lower premiums – How you drive can have a huge impact on auto insurance premiums. Only having one driving citation may increase your cost twenty percent or more. Attentive drivers get better rates as compared to careless drivers. Drivers who have received severe tickets like DUI or willful reckless driving may need to submit a SR-22 form with their state’s licensing department in order to legally drive.

The chart below demonstrates how citations and at-fault fender-benders can impact Porsche Cayman annual premium costs for each different age group. The price estimates are based on a single female driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.

Discounts for married couples – Walking down the aisle may save some money compared to being single. It means you’re more responsible and it’s statistically proven that married drivers tend to file fewer claims.

Save money with GPS tracking and theft deterrents – Choosing a vehicle with a theft deterrent system can get you a discount on your car insurance. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent car theft and help bring rates down.

Higher rates for specific jobs – Careers such as military generals, social workers, and accountants are shown to have higher average rates in part from intense work situations and lots of time spent away from family. Conversely, careers like scientists, historians and retirees generally pay rates lower than average.

Rental and towing coverage may not be needed – Policies have additional extra coverages that may not really be needed if you don’t pay attention. Insurance for things like rental car coverage, towing, and term life insurance may not be needed and are just wasting money. These may sound like a good investment when talking to your agent, but if they’re wasting money get rid of them and save.

Where you live is a factor – Choosing to live in a rural area has definite advantages when talking about car insurance. Fewer drivers on the road means less chance of accidents and also fewer theft and vandalism claims. Drivers who live in large Ohio cities have to deal with much more traffic and more severe claims. More time behind the wheel statistically corresponds to a higher accident and claim rate.

Never let your car insurance lapse – Having a gap between insurance policy dates can be a guaranteed way to trigger a rate increase. In addition to paying higher rates, not being able to provide proof of insurance will get you a steep fine or even jail time. You may have to provide proof of insurance in the form of an SR-22 filing with the Ohio motor vehicle department.

Insurance losses for a Porsche Cayman – Insurers analyze claim trends for every vehicle to help calculate a profitable premium rate. Models that statistically have higher claim amounts or frequency will be charged more to insure.

The next table shows the historical loss data for Porsche Cayman vehicles. For each policy coverage type, the claim probability for all vehicles, regardless of make or model, is set at 100. Values under 100 suggest a better than average loss history, while numbers that are greater than 100 indicate a higher chance of having a claim or tendency to have larger claims.