Lower Your 2003 Porsche Boxster Car Insurance Rates

Confused by the crazy number of auto insurance choices? Lot’s of other consumers are too. Consumers have so many options available that it can be a big hassle to locate the lowest price.

You need to compare rates quite often since rates are variable and change quite frequently. Just because you had the lowest rates on Boxster coverage two years ago other companies may now be cheaper. Block out anything you think you know about auto insurance because I’m going to let you in on the secrets to the fastest and easiest way to properly buy coverages while reducing your premium.

Quick Car Insurance Quotes

To find the best car insurance prices, there are several ways to compare rate quotes and find the best price. The recommended way to compare 2003 Porsche Boxster insurance prices is to use the internet to compare rates. This can be done in several different ways.

  • Probably the best way consumers can analyze rates is to use a rate comparison form click to view form in new window. This type of form saves time by eliminating multiple quote forms for each company. In just a few minutes this one form will get you price quotes direct from many companies. It’s definitely the quickest method.
  • A different way to shop for car insurance online consists of going to each individual company website to request a price quote. For sake of this example, let’s say you want to compare Auto-Owners, Safeco and GMAC. You would have to go to every website to enter your coverage information, and that’s why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

Which method you use is up to you, but make sure you use apples-to-apples coverages and limits with each company. If you use higher or lower deductibles you will not be able to make an equal comparison. Quoting even small variations in coverages can result in a big premium difference. And when comparing car insurance rates, know that getting more free quotes helps you find better pricing.

Discounts can save BIG

Auto insurance companies do not list all available discounts very well, so the following is a list of some of the more common and the more hidden ways to save on auto insurance.

  • Discount for Life Insurance – Larger companies have better rates if you take out life insurance.
  • Save with a New Car – Adding a new car to your policy is cheaper due to better safety requirements for new cars.
  • Drivers Ed for Students – Require your teen driver to complete a driver education course if offered at their school.
  • Defensive Driving Course – Successfully completing a course in driver safety could cut 5% off your bill depending on where you live.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks with the same company qualifies for this discount.
  • Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less on Boxster coverage than their less cautious counterparts.
  • Drive Less and Save – Low mileage vehicles could be rewarded with a substantially lower rate.
  • Resident Student – Kids in college who are attending college and do not have access to a covered vehicle may qualify for this discount.

It’s important to understand that some credits don’t apply to the entire policy premium. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, companies wouldn’t make money that way.

For a list of insurers who offer auto insurance discounts, click here.

Will just any policy work for me?

When it comes to buying coverage, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that could help you determine if your situation might need professional guidance.

  • Can I make deliveries for my home business?
  • What if I total my 2003 Porsche Boxster and owe more than it’s worth?
  • Am I covered if I crash into my own garage door?
  • Can I get a multi-policy discount?
  • What is the minimum liability in my state?
  • What is the ISO rating for a 2003 Porsche Boxster?
  • Does medical payments coverage apply to all occupants?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form.

Parts of the Porsche Boxster rate equation

Consumers need to have an understanding of the different types of things that come into play when calculating the price you pay for insurance coverage. Having a good understanding of what impacts premium levels allows you to make educated decisions that may reward you with better insurance coverage rates.

The list below includes some of the items companies use to determine rates.

  • Pay less if you’re married – Having a wife or husband actually saves money on your policy. Marriage usually means you are more mature and responsible it has been statistically shown that married couples file fewer claims.
  • Bump up deductibles to save – Coverage for physical damage, also known as collision and other-than-collision, protects your Porsche from damage. Some examples of claims that would be covered could be running into the backend of another car, collision with an animal, or theft. Your deductibles are the amount of money you are willing to pay out-of-pocket if you file a covered claim. The higher the amount the insured has to pay upfront, the lower your rates will be on Boxster coverage.
  • Do you qualify for a multi-policy discount? – Many companies give discounts to policyholders who buy several policies from them, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s still a good idea to compare other company rates to verify if the discount is saving money.
  • Never let your coverage lapse – Driving with no insurance is against the law and as a result your rates will increase for letting your coverage lapse. Not only will you pay more, but not being able to provide proof of insurance can result in a license revocation or jail time.
  • Drive less and save money – Driving more miles in a year the higher your rates will be. Most companies price each vehicle’s coverage based on how the vehicle is used. Autos left parked in the garage can get a lower rate than those used for commuting. An improperly rated Boxster can cost quite a bit. Make sure your insurance coverage coverage is showing the proper vehicle usage, because it can save money.

Car insurance ads bend the truth

Car insurance companies such as Progressive, Allstate and Geico consistently run television and radio advertisements. They all seem to have a common claim that you can save if you change your coverage to them. How do they all make the same claim? This is how they do it.

Different companies have a preferred profile for the right customer they prefer to insure. A good example of a driver they prefer might be between the ages of 40 and 55, has no driving citations, and drives newer vehicles. Any new insured who matches those parameters will get the preferred rates and as a result will probably save when switching.

Potential customers who are not a match for the requirements will have to pay a higher premium and ends up with the driver buying from a lower-cost company. The ad wording is “customers who switch” not “everybody who quotes” save money. This is how companies can truthfully claim big savings. Because of the profiling, drivers should quote coverage with many companies. It’s just too difficult to predict which company will have the lowest Porsche Boxster insurance rates.

The coverage is in the details

Having a good grasp of your car insurance policy helps when choosing the right coverages for your vehicles. Car insurance terms can be difficult to understand and nobody wants to actually read their policy.

Uninsured and underinsured coverage – This coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Porsche Boxster.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Liability coverages – Liability insurance protects you from damages or injuries you inflict on other people or property. It protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for things such as court costs, bail bonds, structural damage and medical services. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible.

Coverage for medical payments – Med pay and PIP coverage pay for expenses like ambulance fees, surgery, chiropractic care and prosthetic devices. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverages – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as hail damage, damage from flooding and a broken windshield. The highest amount a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverages – Collision coverage covers damage to your Boxster resulting from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as damaging your car on a curb, crashing into a building, rolling your car, scraping a guard rail and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Have money to burn

People leave their current company for any number of reasons including delays in paying claims, lack of trust in their agent, policy cancellation and being labeled a high risk driver. Regardless of your reason, choosing a new insurance company can be easy and end up saving you some money.

We’ve covered a lot of tips how to lower your 2003 Porsche Boxster insurance rates. The most important thing to understand is the more providers you compare, the better likelihood of reducing your rate. Drivers may discover the lowest premiums are with a company that doesn’t do a lot of advertising.

As you go through the steps to switch your coverage, never sacrifice coverage to reduce premiums. There have been many situations where consumers will sacrifice collision coverage only to regret that the few dollars in savings costed them thousands. Your focus should be to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

More tips and info about auto insurance can be found by following these links: