Cheapest Porsche Boxster Insurance in Plano

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Insurance for Porsche BoxsterA study showed that most insurance buyers in Texas kept buying from the same company for at least the last four years, and just short of a majority have never compared rate quotes at all. U.S. consumers can save hundreds of dollars each year, but they don't believe how much money they would save if they switch to a new company.

If you want to save the most money, the best way to get cheaper car insurance rates is to compare prices regularly from insurance carriers in Plano.

  1. Spend some time learning about car insurance and the things you can change to prevent expensive coverage. Many rating factors that cause rate increases such as distracted driving and a substandard credit history can be improved by making lifestyle changes or driving safer. Continue reading for additional tips to help find cheaper rates and get additional discounts.
  2. Compare prices from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO or Allstate, while independent agencies can quote prices for a wide range of companies.
  3. Compare the new rate quotes to the premium of your current policy and see if you can save money. If you can save money and buy the policy, ensure there is no coverage lapse between policies.
  4. Tell your current agent or company of your decision to cancel your current auto insurance policy and submit a down payment and signed policy application to your new company or agent. Once coverage is bound, store the certificate of insurance in your vehicle.

One bit of advice is that you use the same physical damage deductibles and liability limits on every quote and and to analyze as many companies as you can. This ensures an accurate price comparison and the best price selection.

Buying the cheapest car insurance in Plano is actually quite easy if you know where to start. If you're already insured or just want to save money, you will benefit by learning to lower your rates without having to cut coverage. Comparison shoppers just have to know the most effective way to get comparison rates from many companies at once.

Which Porsche Boxster insurance is cheapest in Plano?

The companies shown below are ready to provide price quotes in Texas. To buy the best car insurance in TX, it's a good idea that you get rates from several of them in order to get a fair rate comparison.

Cheap Plano insurance quotes with discounts

Insurance is expensive, but you may qualify for discounts that many people don't even know exist. Some discounts apply automatically when you get a quote, but lesser-known reductions have to be asked about prior to getting the savings.Cheaper insurance with discounts

  • New Car Discount - Adding a new car to your policy can be considerably cheaper because new model year vehicles keep occupants safer.
  • Discount for Multiple Policies - If you can combine your auto and home policy and insure them both with the same insurance company you could get a discount of over 10 percent off each policy depending on the company.
  • Switch and Save Discount - Some insurance companies give discounts for renewing your policy before your current coverage expires. This can save 10% or more.
  • Membership in Organizations - Participating in a civic or occupational organization in Plano could earn you a nice discount on insurance.
  • Defensive Driver Discounts - Completing a safe driver course may get you a small discount depending on where you live.

Remember that some credits don't apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Despite the appearance that it's possible to get free car insurance, companies wouldn't make money that way.

The example below visualizes the comparison of Porsche Boxster annual premium costs with and without policy discounts. The data is based on a male driver, a clean driving record, no claims, Texas state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, safe-driver, claim-free, marriage, and homeowner discounts applied.

Popular insurance companies and their offered discounts can be found below.

  • Progressive may include discounts for homeowner, online quote discount, continuous coverage, online signing, good student, multi-policy, and multi-vehicle.
  • Farmers Insurance discounts include good student, multi-car, teen driver, business and professional, homeowner, mature driver, and alternative fuel.
  • Farm Bureau has discounts for youthful driver, safe driver, good student, 55 and retired, and multi-policy.
  • State Farm includes discounts for multiple autos, Steer Clear safe driver discount, passive restraint, anti-theft, defensive driving training, and student away at school.
  • GEICO has savings for seat belt use, membership and employees, five-year accident-free, driver training, emergency military deployment, and air bags.
  • SAFECO offers discounts including drive less, anti-theft, safe driver, multi-car, and teen safety rewards.
  • Liberty Mutual offers premium reductions for multi-car, preferred payment discount, newly married, teen driver discount, exclusive group savings, new graduate, and safety features.

Before purchasing a policy, check with each company the best way to save money. A few discounts might not be offered on policies in Plano. To locate insurers who offer online Porsche Boxster insurance quotes in Plano, follow this link.

Car insurance statistics for a Porsche Boxster

The information displayed next highlights detailed analysis of insurance coverage prices for Porsche Boxster models. Learning a little about how rate quotes are formulated can help customers make decisions on which insurance to purchase.

Porsche Boxster Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $292 $532 $330 $20 $98 $1,272 $106
Boxster S 2-Dr Convertible $322 $602 $330 $20 $98 $1,372 $114
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Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Table data does not factor in specific Plano garaging location which can decrease or increase coverage prices substantially.

How high should deductibles be?

One of the hardest decisions when shopping for car insurance is what deductibles to buy. The tables below can help you visualize the cost difference when you select higher and lower coverage deductibles. The first rate table uses a $250 deductible for comp and collision and the second set of prices uses a $1,000 deductible.

Porsche Boxster insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $370 $672 $324 $20 $96 $1,507 $126
Boxster S 2-Dr Convertible $408 $762 $324 $20 $96 $1,635 $136
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Porsche Boxster insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $228 $424 $324 $20 $96 $1,092 $91
Boxster S 2-Dr Convertible $252 $478 $324 $20 $96 $1,170 $98
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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, multi-vehicle, claim-free, homeowner, and safe-driver. Rate quotes do not factor in the specific area where the vehicle is garaged which can increase or decrease premium rates greatly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs roughly $36 more each month or $432 each year averaged for all Boxster models than requesting the higher $1,000 deductible. Because you would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 21 months between claims, you would probably be better off if you choose a higher deductible. The table below illustrates the way this decision is made.

Average monthly premium for $250 deductibles: $131
Average monthly premium for $1,000 deductibles (subtract): - $95
Monthly savings from raising deductible: $36
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $36
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One big caveat is that raising deductibles to get cheaper rates means you will have to pay more of your own money when you do file a claim. You need some funds available in order to pay the higher deductible.

The chart below demonstrates how deductible levels and can raise or lower Porsche Boxster insurance costs for different ages of insureds. The costs are based on a single male driver, comp and collision included, and no discounts are taken into consideration.

Comparison of full coverage and liability-only policies

The diagram below illustrates the comparison of Porsche Boxster car insurance rates with full coverage compared to only the Texas minimum liability coverage. Data assumes no accidents or driving violations, $1,000 deductibles, drivers are not married, and no policy discounts are applied.

When to drop comp and collision

There is no specific rule to stop buying full coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of the vehicle's replacement cost less your deductible, then you might consider buying liability only.

For example, let's assume your Porsche Boxster claim settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $6,000 after the deductible is paid. If you are currently paying more than $600 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some scenarios where removing full coverage is not financially feasible. If you haven't satisfied your loan, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Auto insurance companies ranked

Selecting the highest-rated insurer can be challenging considering how many choices there are in Plano. The company information listed below could help you choose which car insurance companies you want to consider comparing rates with.

Top 10 Plano Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Top 10 Plano Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Get Cheaper Auto Insurance with These Tips

The best way to find cheaper auto insurance is to take a look at the factors that go into determining your premiums. When consumers understand what determines base rates, this empowers consumers to make smart changes that may result in much lower annual insurance costs. Many different elements are used when you get a price on insurance. Some are obvious such as your driving record, but other factors are not as apparent such as your credit history or your commute time.

The following are just a few of the factors companies use to determine rates.

How old are your drivers? - Teenage drivers in Texas are proven to be inattentive and easily distracted when behind the wheel therefore auto insurance rates are much higher. More mature drivers are more responsible, tend to file fewer claims, and are generally more financially stable.

The chart below assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.

Your occupation may affect rates - Do you have a high-stress occupation? Careers like fire fighters, air traffic controllers, and emergency personnel generally pay the highest rates in part from stressful work requirements and long work hours. On the other hand, occupations like professors, athletes and homemakers receive lower rates.

Only buy extra policy coverages you need - Insurance companies have many extra coverages that can add up but may not be useful. Coverage for things like replacement cost coverage, death and dismemberment, and motor club memberships are some examples. They may seem like a good idea when buying your policy, but if they're wasting money remove them and pocket the money.

Deductibles are a factor - Comp and collision deductibles define how much you are willing to pay before your auto insurance pays a claim. Physical damage coverage, also known as collision and other-than-collision, insures against damage to your car. Examples of some claims that would be covered are collision with another vehicle, animal collisions, and damage from wind. The higher the amount you choose to pay out-of-pocket, the bigger discount you will receive.

Pleasure use or commuting - The more you drive your Porsche every year the more you'll pay to insure your vehicle. Most insurance companies apply a rate based on their usage. Autos that do not get driven very much receive better premium rates than cars that get driven a lot. Double check that your auto insurance policy correctly shows the correct driver usage. An incorrectly rated Boxster can result in significantly higher rates.

Performance influences insurance premiums - The make and model of the vehicle you need to insure makes a huge difference in the rate you pay. The cheapest rates will generally be found on the lowest performance passenger cars, but there are many factors that impact the final cost.

The following chart uses these variables: single male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The data compares Porsche Boxster car insurance rates compared to other vehicles that have a range of risk factors.

Pay more if you have a long commute - Having an address in less populated areas of the country is a positive aspect if you are looking for the lowest rates. Drivers who live in large cities have to deal with more aggressive driving styles and higher rates of accident claims. Less people living in that area means less chance of accidents and also fewer theft and vandalism claims.

Too many claims drive up premiums - Auto insurance companies in Texas provide most affordable rates to drivers who do not file claims often. If you frequently file small claims, you can expect much higher rates or policy non-renewal. Insurance coverage is meant to be used in the event of more catastrophic claims.

Porsche Boxster insurance claim data - Companies use historical loss data when determining insurance rates. Models that have higher losses will cost more to insure. The table below outlines the compiled insurance loss statistics for Porsche Boxster vehicles.

For each coverage category, the claim amount for all vehicles compiled together is set at 100. Values that are under 100 imply a favorable loss record, while percentage values above 100 indicate more frequent claims or a tendency for claims to be larger.

Porsche Boxster Insurance Loss Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Porsche Boxster Convertible 135 47 121 31
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years