Compare Porsche Cayman Insurance Rate Quotes in Bakersfield

Sad but true, nearly 70% of customers have purchased from the same company for at least the last four years, and nearly 40% of drivers have never compared rate quotes at all. U.S. drivers could save nearly 46.5% every year by just comparing rate quotes, but they underestimate the benefits if they bought a different policy.

Discount Porsche Cayman insuranceTruthfully, the best way to get budget Porsche Cayman insurance in Bakersfield is to compare quotes once a year from providers who sell insurance in California.

  1. It will benefit you to learn about the coverage provided by your policy and the steps you can take to prevent expensive coverage. Many risk factors that result in higher prices such as traffic citations, accidents, and a low credit rating can be eliminated by making lifestyle changes or driving safer. Continue reading for tips to help prevent expensive coverage and find hidden discounts.
  2. Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive and State Farm, while agents who are independent can provide rate quotes from multiple companies. Find a Bakersfield insurance agent
  3. Compare the price quotes to your current policy to see if a cheaper price is available. If you find a lower rate quote, ensure coverage does not lapse between policies.

One bit of advice is to make sure you’re comparing identical coverages on every quote and to quote with as many companies as you can. Doing this helps ensure a fair rate comparison and the most accurate and complete price analysis.

The purpose of this article is to help educate you on how to compare rates easily and some money-saving tips. If you’re already insured, you will surely be able to reduce the price you pay using the following tips. Drivers just need to use the quickest method to shop from multiple carriers.

The providers in the list below have been selected to offer comparison quotes in California. If the list has multiple companies, we suggest you get rate quotes from several of them to get a more complete price comparison.

Porsche Cayman coverage analysis

The coverage information shown next outlines estimates of coverage prices for Porsche Cayman models. Having a good understanding how insurance prices are determined can help guide drivers when making smart choices when selecting a policy.

Porsche Cayman Insurance Rates in Bakersfield, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $252 $544 $500 $30 $150 $1,476 $123
Cayman S 2-Dr Coupe $252 $608 $500 $30 $150 $1,540 $128
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Price information does not factor in zip code location which can modify coverage rates noticeably.

Should you raise deductibles?

One frequently asked question is how high should the deductibles for physical damage be. The following tables may help you to understand the rate difference between low and high deductibles. The first rate comparisons uses a $100 deductible and the second data table uses a $1,000 deductible.

Porsche Cayman insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $528 $1054 $442 $26 $132 $2,207 $184
Cayman S 2-Dr Coupe $528 $1176 $442 $26 $132 $2,329 $194
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Porsche Cayman insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $292 $556 $442 $26 $132 $1,448 $121
Cayman S 2-Dr Coupe $292 $620 $442 $26 $132 $1,512 $126
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate quotes do not factor in Bakersfield location which can modify insurance rates noticeably.

Using the data above, we can ascertain that using a $100 deductible costs about $65 more each month or $780 annually across all Porsche Cayman models than opting for the higher $1,000 deductible. Since you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you have more than 14 months between claim filings, you would probably save some money by going with a higher deductible.

Comparison of full coverage and liability-only policies

The illustration below shows the comparison of Porsche Cayman insurance premiums with and without full coverage. The premiums are based on no accidents or driving violations, $250 deductibles, single status, and no discounts are factored in.

When to stop paying for full coverage

There isn’t a written rule that works best for making the decision to drop physical damage insurance, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let’s assume your Porsche Cayman claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after paying the physical damage deductible. If you are paying more than $500 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are a few situations where removing full coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

Three main reasons to buy insurance

Even though it can be expensive, insuring your vehicle serves several important purposes.

The benefits of carrying adequate insurance are without a doubt worth the cost, specifically if you ever have a liability claim. But the average American driver overpays more than $800 each year so it’s recommended you shop around at every renewal to help ensure money is not being wasted.

Find Cheap Auto Insurance with These Tips

It’s important that you understand some of the factors that are used to determine the rates you pay for auto insurance. When consumers understand what determines premiums, this allows you to make educated decisions that will entitle you to better auto insurance rates. Many things are part of the calculation when you get a price on insurance. Some factors are common sense like a motor vehicle report, although some other factors are not quite as obvious such as whether you are married and annual miles driven.

Don’t neglect these discounts

Insurance can be prohibitively expensive, but there are discounts available that you may not even be aware of. Certain discounts will be applied at quote time, but a few must be inquired about prior to receiving the credit.Cheaper car insurance with discounts

Please keep in mind that some of the credits will not apply to your bottom line cost. Some only reduce specific coverage prices like comprehensive or collision. So when it seems like it’s possible to get free car insurance, that’s just not realistic.

The example below shows the comparison of Porsche Cayman insurance costs with and without discounts applied to the rates. Data assumes a female driver, no tickets, no at-fault accidents, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, marriage, multi-policy, and safe-driver discounts applied.

A list of companies and some of the premium reductions they offer are included below.

Before you buy a policy, ask all the companies to give you their best rates. Some of the discounts discussed earlier might not be offered on policies in every state. To find insurers that can offer you the previously mentioned discounts in California, click this link.

When to talk to an agent

Some consumers still prefer to get professional advice from a licensed agent and there is nothing wrong with that. Insurance agents are very good at helping people manage risk and give you someone to call. An additional benefit of comparing rate quotes online is you may find lower rates and still buy from a local agent. And supporting neighborhood insurance agencies is definitely important in Bakersfield.

Find insurance agent in BakersfieldUpon completion of this form (opens in new window), your information is submitted to participating agents in Bakersfield who will give competitive quotes and help you find cheaper coverage. There is no need to find an agent on your own since rate quotes are delivered directly to your email. If you wish to get a rate quote for a specific company, feel free to search and find their rate quote page and fill out their quote form.

When looking for a local insurance agency, it can be helpful to understand the different agency structures from which to choose. Car insurance agencies can be described as either independent (non-exclusive) or exclusive. Either one can insure your vehicles, but it’s good to learn the difference in the companies they write for because it can influence the type of agent you choose.

Independent Insurance Agents

These agents are not locked into one company so they can quote policies with lots of companies and find the cheapest rate. If premiums increase, the agent simply finds a different carrier which is easy for the insured.

When shopping rates, you absolutely need to get insurance quotes from multiple independent agents for the best price selection. Most independent agents also contract with smaller companies that can offer cheaper rates than bigger companies.

Listed below are independent insurance agencies in Bakersfield that may be able to give competitive price quotes.

More Bakersfield agents

Exclusive Car Insurance Agents

Agents of this type are contracted to one company and some examples include Allstate and State Farm. They are unable to shop your coverage around so you need to shop around if the rates are high. Exclusive insurance agents are well schooled on what they offer which can be an advantage. Drivers often buy insurance from these agents partially due to high brand loyalty rather than having the cheapest rates.

Below is a short list of exclusive insurance agents in Bakersfield who can help you get comparison quotes.

More Bakersfield agents

Picking an car insurance agent requires you to look at more than just a cheap price quote. Ask your prospective agent these questions:

Persistence is the key to affordable rates

Budget-friendly car insurance in Bakersfield can be bought online and from local insurance agents, so you need to shop Bakersfield auto insurance with both to have the best rate selection. Some insurance providers do not offer online rate quotes and usually these regional insurance providers sell through independent agents.

We covered quite a bit of information on how to compare Porsche Cayman insurance auto insurance rates in Bakersfield. It’s most important to understand that the more companies you get premium rates for, the better your chances of lowering your premium rates. You may even find the best auto insurance rates are with some of the lesser-known companies.

When searching for the cheapest Porsche Cayman rate quotes, it’s not a good idea to reduce needed coverages to save money. There have been many situations where consumers will sacrifice collision coverage only to regret at claim time that the few dollars in savings costed them thousands. The proper strategy is to buy a smart amount of coverage at the best price while not skimping on critical coverages.

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