Car Insurance Quotes for a Porsche Cayenne in Plano

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Amazingly, a recent study showed that a large majority of car insurance policyholders in Texas have stayed with the same insurance company for at least the last four years, and nearly the majority have never shopped around. U.S. insurance shoppers can save up to $859 each year by just shopping around, but most undervalue the benefits if they swap their current policy for a cheaper one.

Discount Porsche Cayenne insuranceThe preferred way to get more affordable car insurance rates in Plano is to compare prices annually from insurers who sell auto insurance in Texas. You can compare prices by following these guidelines.

  • First, read and learn about how companies set rates and the factors you can control to keep rates low. Many rating criteria that cause high rates like at-fault accidents, speeding tickets, and a not-so-good credit rating can be amended by being financially responsible and driving safely.
  • Second, compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from a single company like GEICO or State Farm, while independent agents can give you price quotes for many different companies. Click to view companies
  • Third, compare the new rates to your current policy premium and see if there is a cheaper rate in Plano. If you can save money and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.

One piece of advice is that you'll want to compare similar limits and deductibles on each quote and and to look at as many car insurance companies as possible. Doing this guarantees a fair rate comparison and a complete rate analysis.

Affordable Plano car insurance rates with discounts

Companies offering auto insurance do not list all available discounts very well, so the list below contains a few of the more well known as well as some of the hidden ways to save on car insurance.Discount car insurance

  • Full Payment Discount - If you can afford to pay the entire bill instead of monthly or quarterly installments you can avoid monthly service charges.
  • Accident Forgiveness - Not really a discount, but certain companies will forgive one accident without getting socked with a rate hike so long as you are claim-free for a certain period of time.
  • Driver's Ed - Cut your cost by having your teen driver complete a driver education course if it's offered in school.
  • Defensive Driver - Completing a course in safe driver could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Federal Employees - Simply working for the federal government can earn a discount up to 10% depending on your car insurance provider.

One last thing about discounts, most discounts do not apply to the entire policy premium. Most cut the price of certain insurance coverages like collision or personal injury protection. Despite the fact that it seems like adding up those discounts means a free policy, car insurance companies aren't that generous.

The illustration below shows the comparison of Porsche Cayenne yearly insurance costs with and without policy discounts. The premiums assume a female driver, no violations or claims, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, claim-free, safe-driver, marriage, and multi-policy discounts applied.

A list of car insurance companies and some of the premium reductions they offer are outlined below.

  • American Family may have discounts that include early bird, good driver, bundled insurance, good student, and TimeAway discount.
  • Nationwide may include discounts for anti-theft, defensive driving, accident-free, multi-policy, easy pay, family plan, and good student.
  • MetLife offers premium reductions for good driver, claim-free, accident-free, multi-policy, defensive driver, and good student.
  • 21st Century policyholders can earn discounts including automatic seat belts, early bird, teen driver, air bags, anti-lock brakes, and good student.
  • Farmers Insurance has discounts for homeowner, switch companies, multi-car, good student, alternative fuel, and electronic funds transfer.
  • Allstate has savings for economy car, auto/life discount, good payer, early signing, new car, and premier plus.

It's a good idea to ask every company the best way to save money. Savings might not be available to policyholders in Plano. To see providers who offer car insurance discounts in Texas, click here to view.

Most major insurance companies provide insurance quotes on their websites. Getting online quotes for Porsche Cayenne insurance in Plano doesn't take a lot of time because it's just a matter of typing in your coverage preferences on the page. Once entered, their rating system obtains your driving record and credit report and generates pricing information. This makes it easy to compare insurance prices and it's absolutely necessary to do this if you want to find the cheapest possible prices on auto insurance.

To compare rates using this form now, check out the auto insurance providers below. If you currently have coverage, we recommend you copy the limits and deductibles identical to your current policy. This helps ensure you're receiving comparison quotes for exact coverage.

The following companies can provide quotes in Texas. If you want to find cheap car insurance in TX, we recommend you visit several of them to find the lowest auto insurance rates.

Car insurance analysis for a Porsche Cayenne

The rate information shown next covers a range of insurance premium costs for Porsche Cayenne models. Learning more about how insurance premiums are calculated can help customers make smart choices when selecting a policy.

Porsche Cayenne Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayenne $252 $424 $382 $22 $114 $1,194 $100
Cayenne S $276 $478 $382 $22 $114 $1,272 $106
Cayenne GTS $276 $534 $382 $22 $114 $1,328 $111
Cayenne S Transyberia $276 $534 $382 $22 $114 $1,328 $111
Cayenne GTS PD Edition 3 $298 $590 $382 $22 $114 $1,406 $117
Cayenne Turbo $322 $590 $382 $22 $114 $1,430 $119
Cayenne Turbo S $370 $702 $382 $22 $114 $1,590 $133
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Table data does not factor in garaging location in Plano which can revise premium rates noticeably.

Deductible analysis

When comparing car insurance rates, the most common question is how high should the deductibles for physical damage be. The data tables below may aid in understanding the price difference of buying low and high physical damage deductibles. The first rate quote example uses a $250 deductible and the second price grid uses a $500 deductible.

Porsche Cayenne insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayenne $408 $672 $382 $22 $114 $1,623 $135
Cayenne S $446 $762 $382 $22 $114 $1,751 $146
Cayenne GTS $446 $850 $382 $22 $114 $1,839 $153
Cayenne S Transyberia $446 $850 $382 $22 $114 $1,839 $153
Cayenne GTS PD Edition 3 $484 $938 $382 $22 $114 $1,965 $164
Cayenne Turbo $522 $938 $382 $22 $114 $2,003 $167
Cayenne Turbo S $598 $1116 $382 $22 $114 $2,257 $188
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Porsche Cayenne insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayenne $332 $542 $382 $22 $114 $1,392 $116
Cayenne S $362 $614 $382 $22 $114 $1,494 $125
Cayenne GTS $362 $686 $382 $22 $114 $1,566 $131
Cayenne S Transyberia $362 $686 $382 $22 $114 $1,566 $131
Cayenne GTS PD Edition 3 $394 $756 $382 $22 $114 $1,668 $139
Cayenne Turbo $424 $756 $382 $22 $114 $1,698 $142
Cayenne Turbo S $486 $900 $382 $22 $114 $1,904 $159
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Premium costs do not factor in zip code location which can alter rates considerably.

We can estimate from the data above that using a $250 deductible costs approximately $23 more each month or $276 annually than buying the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally go at a minimum 11 months between claim filings, you would save money if you elect the higher deductible.

How to determine when to raise deductibles

Average monthly premium for $250 deductibles: $158
Average monthly premium for $500 deductibles (subtract): - $135
Monthly savings from raising deductible: $23
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

The chart below demonstrates how deductibles and can affect Porsche Cayenne yearly insurance costs for different age groups. The premiums are based on a single male driver, full coverage, and no discounts are applied.

Porsche Cayenne liability rates compared to full coverage

The diagram below illustrates the comparison of Porsche Cayenne insurance premiums with full physical damage coverage and with liability coverage only. The premiums are based on a clean driving record, no claims, $100 deductibles, single marital status, and no policy discounts are applied.

When to buy liability coverage only

There is no set rule to delete comp and collision coverage, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.

For example, let's say your Porsche Cayenne replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $4,000 after paying the physical damage deductible. If premiums are more than $400 annually for full coverage, then it's probably a good time to buy liability coverage only.

There are some situations where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder's interest. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

Local Plano auto insurance agents and auto insurance

A small number of people still like to get professional advice from a licensed agent and that is recommended in a lot of cases The biggest benefit of comparing rates online is you may find the best rates and still have an agent to talk to. Buying from and supporting neighborhood insurance agencies is definitely important in Plano.

By using this simple form, your information is transmitted to agents in your area who can give free rate quotes and help you find cheaper coverage. You don't have to contact an agency as quotes are delivered instantly to you. You can find better rates without having to waste a lot of time. If you need to compare prices from a specific company, don't hesitate to navigate to their website and give them your coverage information.

Below is a list of auto insurance companies in Plano willing to provide price quotes for Porsche Cayenne insurance in Plano.

3608 Preston Rd #200 - Plano, TX 75093 - (972) 867-0090 - View Map

4670 McDermott Rd #206 - Plano, TX 75024 - (972) 867-2778 - View Map

6305 Preston Rd Suite 1000 - Plano, TX 75024 - (972) 473-4813 - View Map

1110 E Parker Rd #106 - Plano, TX 75074 - (972) 200-5070 - View Map

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Finding the right company requires more thought than just the bottom line cost. Before buying a policy in Plano, get answers to these questions.

  • Are they able to influence company decisions when a claim is filed?
  • Does the agency have a good rating with the Better Business Bureau?
  • Is there a local claims center in Plano?
  • How often do they review policy coverages?
  • What companies can they write with?
  • Is their price quote a firm figure or are their hidden costs?

Smart consumers save more

In this article, we covered quite a bit of information on how to lower your Porsche Cayenne insurance prices in Plano. The key thing to remember is the more companies you get rates for, the better your comparison will be. You may even find the most savings is with some of the smallest insurance companies. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like Allstate or State Farm.

As you restructure your insurance plan, never skimp on critical coverages to save a buck or two. In many instances, consumers will sacrifice collision coverage to discover at claim time that it was a big mistake. Your focus should be to buy the best coverage you can find for the lowest price, but do not skimp to save money.

Budget-conscious Porsche Cayenne insurance can be bought online and from local agencies, and you need to price shop both in order to have the best chance of saving money. Some companies may not have rates over the internet and usually these regional carriers prefer to sell through independent agents.

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