2006 Porsche Cayman S Insurance Quotes – 8 Ways to Save

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Nov 23, 2017

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Shopping online for auto insurance can be a challenge if you’ve never compared online price comparisons. But relax because we’re going to show you how.

Take these eight discounts and save

The price of auto insurance can be rather high, but you can get discounts that you may not know about. Certain discounts will be applied when you get a quote, but some must be manually applied before you get the savings.

  • Discount for Swiching Early – Some insurance companies reward drivers for signing up prior to your current policy expiration. The savings is around 10%.
  • Multiple Vehicles – Buying insurance for multiple vehicles on the same insurance coverage policy could earn a price break for each car.
  • Low Mileage Discounts – Fewer annual miles on your Porsche could qualify for a substantially lower rate.
  • Multi-policy Discount – When you have multiple policies with the same insurance company you may earn up to 20% off your total premium.
  • Homeowners Savings – Simply owning a home can save you money because maintaining a house requires personal responsibility.
  • Good Student – A discount for being a good student can save 20 to 25%. This discount can apply up until you turn 25.
  • Drivers Ed for Students – Have your child complete a driver education course if offered at their school.
  • Student in College – Kids in college who are attending college and don’t have a car may qualify for this discount.

Keep in mind that most discounts do not apply to your bottom line cost. Some only reduce individual premiums such as liability and collision coverage. Just because it seems like you could get a free insurance coverage policy, companies don’t profit that way. Any amount of discount will reduce your premiums.

Companies that may have these benefits are:

Before buying, ask all companies you are considering which discounts you may be entitled to. Some discounts may not apply in your area.

Car Insurance Comparison Rates

Most companies give price estimates online. Getting online rates is pretty painless as you simply enter your coverage information as requested by the quote form. After you complete the form, their system obtains your credit score and driving record and returns a price based on these and other factors.

This streamlines rate comparisons, but the time required to go to different websites and fill out multiple forms gets old quite quickly. But it is imperative to perform this step if you are searching for a better rate.

There is a better way!

The quickest way to find lower prices utilizes a single form that gets price quotes from several companies at one time. It saves time, reduces the work, and makes price shopping online much easier to do. After your information is entered, it gets priced and you can choose any or none of the resulting price quotes.

If one or more price quotes are lower than your current rates, you can simply submit the application and buy the policy. The whole process takes just a few minutes to complete and you will find out if you’re overpaying now.

To quickly get comparison pricing now, click here to open in new window and complete the simple form. If you have a policy now, it’s recommended you input coverages and limits just like they are on your policy. Using the same limits helps guarantee you will get comparison quotes for similar coverage.

Which policy gives me the best coverage?

When it comes to choosing adequate coverage, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s.

For instance, these questions may help you determine whether you could use an agent’s help.

  • Can my babysitter drive my car?
  • Does coverage extend to my business vehicle?
  • Does my liability insurance cover pulling a trailer or camper?
  • What happens if I owe more than my 2006 Porsche Cayman S is worth?
  • Does car insurance cover theft of personal property?
  • Should I have a commercial auto policy?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form.

Don’t listen to company ads

Companies like Allstate and Progressive consistently run television and radio advertisements. All the ads say the same thing of big savings if you change your coverage to them. How do they all claim to save you money?

All companies have a preferred profile for the driver that makes them money. For example, a desirable insured could possibly be between 30 and 50, has no driving citations, and drives less than 10,000 miles a year. A propective insured who meets those qualifications is entitled to the best price and is almost guaranteed to save a lot of money.

Drivers who fall outside these standards will have to pay a more expensive rate and this can result in the customer not buying. The ads say “people who switch” but not “drivers who get quotes” save that much. That’s the way insurance companies can confidently state the savings.

Because of the profiling, drivers must get as many comparisons as possible. It’s impossible to know which insurance companies will fit your personal profile best.

Car insurance coverage information

Knowing the specifics of your policy can help you determine the right coverages and the correct deductibles and limits. Car insurance terms can be difficult to understand and nobody wants to actually read their policy.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Most of the time these coverages are identical to your policy’s liability coverage.

Comprehensive auto coverage – This coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from a tornado or hurricane, a tree branch falling on your vehicle, theft and damage from flooding. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP reimburse you for expenses such as nursing services, chiropractic care, funeral costs and surgery. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision coverage – Collision insurance covers damage to your Cayman S resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims such as backing into a parked car, crashing into a building, hitting a mailbox and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Liability insurance – Liability coverage can cover injuries or damage you cause to people or other property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for claims such as repair bills for other people’s vehicles, attorney fees, legal defense fees, structural damage and repair costs for stationary objects. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

A penny earned…

Throughout this article, we presented a lot of ways to compare 2006 Porsche Cayman S insurance prices online. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even discover the most savings is with a small mutual company.

Affordable insurance is definitely available on the web as well as from independent agents, and you need to price shop both to get a complete price analysis. Some insurance companies don’t offer online price quotes and usually these smaller companies provide coverage only through local independent agents.

When trying to cut insurance costs, you should never skimp on coverage in order to save money. In many cases, an accident victim reduced uninsured motorist or liability limits and learned later they didn’t have enough coverage. The aim is to purchase plenty of coverage at a price you can afford while still protecting your assets.

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