Compare Porsche Cayman Insurance Rates in Mesa

We don’t have to tell you that auto insurance companies don’t want you quoting rates from other companies. People who shop rates annually will, in all likelihood, move their business because there is a high probability of getting low-cost coverage. A recent survey discovered that people who regularly compared price quotes saved about $3,400 over four years compared to policyholders who don’t make a habit of comparing rates.

If finding the best price on Porsche Cayman insurance is the reason you’re here, then having a grasp of how to compare insurance rates can make the process more efficient.

Insurance quote for Porsche Cayman in MesaThe most effective way to get affordable auto insurance rates in Mesa is to compare prices annually from insurance carriers who sell auto insurance in Arizona. Rates can be compared by following these guidelines.

  1. Take a few minutes and learn about car insurance and the modifications you can make to keep rates low. Many rating factors that drive up the price such as multiple speeding tickets and a not-so-good credit history can be remedied by being financially responsible and driving safely. This article gives information to find cheap prices and find discounts that you may qualify for.
  2. Quote rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO or Allstate, while independent agents can quote prices for a wide range of insurance providers. View rates
  3. Compare the new quotes to your existing rates and see if you can save money. If you can save some money and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Provide proper notification to your current company of your decision to cancel your current coverage and submit a down payment along with a completed application for the new policy. Immediately upon receiving it, safely store the proof of insurance paperwork in your glove compartment.

A good tip to remember is to try to compare identical limits and deductibles on each price quote and and to look at every company you can. This provides the most accurate price comparison and a thorough price selection.

The companies in the list below are our best choices to provide price quotes in Arizona. If you want the best cheap car insurance in AZ, we suggest you get rate quotes from several of them to get a more complete price comparison.

Insurance coverage analysis

The coverage table displayed below showcases estimates of coverage costs for Porsche Cayman models. Being able to understand how insurance rates are formulated can be valuable when making smart choices when comparing insurance rates.

Porsche Cayman Insurance Rates in Mesa, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $170 $388 $338 $20 $102 $1,018 $85
Cayman S 2-Dr Coupe $170 $434 $338 $20 $102 $1,064 $89
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Rate information does not factor in Mesa location which can revise price quotes substantially.

Raise deductibles and save

One of the most common auto insurance questions is how high should the deductibles for physical damage be. The rates shown below illustrate the differences in price between high and low physical damage coverage deductibles. The first rate comparisons uses a $100 physical damage deductible and the second set of rates uses a $500 deductible.

Porsche Cayman insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $358 $716 $300 $18 $90 $1,507 $126
Cayman S 2-Dr Coupe $358 $798 $300 $18 $90 $1,589 $132
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Porsche Cayman insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $262 $484 $300 $18 $90 $1,154 $96
Cayman S 2-Dr Coupe $262 $540 $300 $18 $90 $1,210 $101
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rates do not factor in specific garaging location which can impact auto insurance rates noticeably.

Based on these figures, using a $100 deductible would cost the average driver about $30 more each month or $360 a year across all Porsche Cayman models than buying the higher $500 deductible. Since you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 13 months between claims, you would save money by selecting a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $100 deductibles: $129
Average monthly premium for $500 deductibles (subtract): – $99
Monthly savings from raising deductible: $30
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

An important thing to remember is that higher deductibles results in having to pay to pay more out-of-pocket at claim time. You must have some money saved in the event you have to pay more to get your vehicle repaired.

The illustration below illustrates how your choice of deductibles and can increase or decrease Porsche Cayman insurance premiums for different ages of insureds. The prices are based on a married male driver, full coverage, and no discounts are applied.

Careless driving habits raise auto insurance rates

The chart below highlights how traffic violations and accident claims drive up Porsche Cayman auto insurance rates for different categories of driver ages. The data assumes a single female driver, full coverage, $500 deductibles, and no discounts are applied to the premium.

Porsche Cayman full coverage rates compared to liability only

The illustration below shows the difference between Porsche Cayman insurance rates with and without physical damage coverage. The costs are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are not married, and no policy discounts are applied.

When to drop comprehensive and collision

There is no exact rule to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s say your Porsche Cayman replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If it’s costing in excess of $400 a year for your policy with full coverage, then you might consider buying liability only.

There are some situations where dropping physical damage coverage is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should keep full coverage in place.

Insurance is an important decision

Despite the fact that insurance is not cheap in Mesa, insurance may be mandatory for several reasons.

The benefits of having insurance definitely exceed the price paid, particularly for liability claims. In a recent study of 1,000 drivers, the average customer is overpaying over $800 each year so you should quote rates at every renewal to ensure rates are inline.

Five factors that impact insurance costs

Consumers need to have an understanding of a few of the rating criteria that come into play when calculating car insurance rates. If you have a feel for what determines base rates, this allows you to make good choices that could result in lower car insurance prices. Lots of factors are part of the calculation when you quote your car insurance policy. Some of the criteria are obvious such as your driving record, although others are less obvious like your continuous coverage or your financial responsibility.

The list below includes some of the things used by insurance companies to determine your premiums.

You can lower your insurance rates

When searching for affordable Porsche Cayman insurance quotes, don’t be tempted to skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut collision coverage only to find out they didn’t purchase enough coverage. The aim is to buy the best coverage you can find at a price you can afford, but do not skimp to save money.

Drivers change insurance companies for many reasons like policy cancellation, denial of a claim, not issuing a premium refund or poor customer service. Regardless of your reason for switching companies, finding a new company is not as hard as you think.

Cheap Porsche Cayman insurance in Mesa can be purchased from both online companies in addition to many Mesa insurance agents, and you should compare rates from both in order to have the best chance of saving money. Some companies do not offer price quotes online and these smaller companies only sell coverage through independent agents.

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