2014 Porsche Panamera Car Insurance Rates

Want better auto insurance rates for your Porsche Panamera? Expensive auto insurance can take a big chunk out of your personal savings and put the squeeze on your family’s finances. Shopping your coverage around is a great way to make sure you’re not throwing money away.

Companies like State Farm, Farmers Insurance, Geico and Allstate promote their brand names with ad campaigns and it can be hard to avoid their marketing magic and do the work needed to find the best deal.

It’s a great practice to price shop coverage yearly since insurance rates are usually higher with each renewal. Even if you got the best rates for Panamera insurance a couple years back the chances are good that you can find a lower rate today. You’ll find quite a bit of inaccurate information about auto insurance online, so I’m going to show you some good information on how to find affordable auto insurance.

Discounts are available to cut your rates

Insurance can cost an arm and a leg, but you may find discounts that you may not even be aware of. A few discounts will automatically apply when you get a quote, but a few must be asked for before being credited.

  • Own a Home – Simply owning a home may earn you a small savings because of the fact that having a home shows financial diligence.
  • Resident Student – Kids in college who live away from home and do not have a car may be able to be covered for less.
  • Senior Discount – Mature drivers can possibly qualify for reduced rates for Panamera insurance.
  • Sign Early and Save – Some companies give discounts for signing up prior to your current policy expiring. It can save you around 10%.
  • E-sign – A few companies will give a small break just for signing your application on their website.
  • Use Seat Belts – Using a seat belt and requiring all passengers to use their safety belts could save 15% off your PIP or medical payments premium.

Keep in mind that most credits do not apply to the entire cost. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates all those discounts means the company will pay you, companies wouldn’t make money that way. Any qualifying discounts will reduce your premiums.

To see a list of companies with the best car insurance discounts, click here to view.

Everyone needs different coverages

When it comes to choosing adequate coverage, there really is no “best” method to buy coverage. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that could help you determine whether your personal situation would benefit from an agent’s advice.

  • What can I do if my company won’t pay a claim?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Why do I need rental car insurance?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • When should I drop full coverage on my 2014 Porsche Panamera?
  • Why does it cost so much to insure a teen driver?
  • Does my liability insurance cover pulling a trailer or camper?
  • What is medical payments coverage?
  • Where can I find DUI or SR-22 insurance?
  • Does my medical payments coverage pay my health insurance deductible?

If you can’t answer these questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Specific coverages for a Porsche Panamera

Having a good grasp of a car insurance policy can help you determine the best coverages for your vehicles. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types found on most car insurance policies.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your 2014 Porsche Panamera.

Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for bills for funeral costs, surgery, X-ray expenses and ambulance fees. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible

Liability coverages

This coverage protects you from damages or injuries you inflict on people or other property that is your fault. This insurance protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as court costs, attorney fees and repair costs for stationary objects. How much coverage you buy is a personal decision, but consider buying as large an amount as possible.

Collision insurance

Collision coverage will pay to fix damage to your Panamera caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like colliding with a tree, damaging your car on a curb and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverages

This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as a broken windshield, rock chips in glass and damage from getting keyed. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

A tidy conclusion

When shopping online for insurance, it’s very important that you do not reduce coverage to reduce premium. There have been many cases where drivers have reduced full coverage and found out when filing a claim that it was a big error on their part. Your aim should be to buy a smart amount of coverage for the lowest price while still protecting your assets.

Cheap 2014 Porsche Panamera insurance can be sourced from both online companies and with local insurance agents, and you should be comparing both to have the best chance of lowering rates. A few companies do not offer the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

In this article, we covered many ideas to get a better price on insurance. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding lower rates. Drivers may discover the lowest priced insurance comes from some of the smallest insurance companies. Regional companies may have significantly lower rates on certain market segments as compared to the big name companies such as Progressive and Geico.

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