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.

Truthfully, 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.

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.

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.

• Just about all states have minimum liability requirements which means the state requires a specific level of liability coverage if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If your Cayman has a lienholder, more than likely the lender will require that you carry insurance to guarantee payment of the loan. If the policy lapses, the bank may buy a policy for your Porsche at a much higher premium rate and require you to reimburse them for the expensive policy.
• Insurance protects not only your car but also your financial assets. It will also pay for hospital and medical expenses that are the result of an accident. Liability insurance will also pay for a defense attorney if anyone sues you for causing an accident. If mother nature or an accident damages your car, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

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.

• Insure your auto and home with one company – Most insurers allow discounts to insureds who buy several policies from them such as combining an auto and homeowners policy. Even with this discount, you still need to compare Porsche Cayman rates in Bakersfield to make sure you are getting the best deal.
• Don’t skimp on liability coverage – The liability coverage on your policy will provide protection if you are found liable for causing damage or personal injury in an accident. It provides legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to comp and collision, so insureds should have plenty of protection for their assets.
• Insurance rates for married couples – Having a spouse may earn you lower rates compared to being single. It usually means you are more mature and responsible and insurance companies reward insureds because being married results in fewer claims.
• Policy add-ons may be wasting money – Policies have extra add-on coverages you can purchase if you don’t pay attention. Add-on coverages like roadside assistance, high-cost glass coverage, and additional equipment coverage may be wasting your money. The coverages may be enticing when deciding what coverages you need, but your needs may have changed so consider taking them off your policy.

• Porsche Cayman insurance claim data – Companies include the past claim history for a vehicle to help determine rates. Vehicles that are shown to have a trend towards higher claim severity or frequency will cost more for specific coverages. The next table illustrates the compiled insurance loss statistics for Porsche Cayman vehicles.

  For each coverage type, the statistical loss for all vehicles, without regard to make or model, is set at 100. Values that are 100 or less represent a good loss history, while values that are above 100 indicate a higher chance of having a claim or an increased likelihood of larger losses.

  
  

  Insurance Loss Ratings for Porsche Cayman Vehicles

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Porsche Cayman 2dr	183	40	99	36

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

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.

• Onboard Data Collection – Policyholders that allow their insurance company to analyze driving manner by using a telematics device like Drivewise from Allstate or In-Drive from State Farm could save a few bucks if they are good drivers.
• Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts may earn rate discounts of up to 25% or more.
• Driver Training Discounts – Successfully completing a defensive driver course could possibly earn you a 5% discount if you qualify.
• Pay Early and Save – If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
• ABS Brakes – Cars, trucks, and SUVs equipped with ABS or steering control can avoid accidents so companies give up to a 10% discount.
• Cautious Drivers – Accident-free drivers could pay up to 40% less than drivers with accidents.
• Employee of Federal Government – Active or retired federal employment could cut as much as 10% off with a few car insurance companies.
• Mature Driver Discount – If you qualify as a senior citizen, you could receive a small discount on rates.
• Clubs and Organizations – Being a member of qualifying employment or professional organizations could earn you a nice discount on your next car insurance statement.

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.

• American Family has discounts for accident-free, Steer into Savings, mySafetyValet, TimeAway discount, bundled insurance, defensive driver, and early bird.
• Farm Bureau has savings for 55 and retired, driver training, safe driver, multi-policy, multi-vehicle, and renewal discount.
• State Farm includes discounts for multiple autos, multiple policy, anti-theft, student away at school, and Steer Clear safe driver discount.
• Travelers policyholders can earn discounts including payment discounts, home ownership, student away at school, early quote, and driver training.
• The Hartford offers discounts for vehicle fuel type, defensive driver, good student, driver training, anti-theft, air bag, and bundle.
• GEICO may offer discounts for multi-vehicle, anti-theft, anti-lock brakes, good student, federal employee, driver training, and seat belt use.
• Progressive offers premium reductions for online signing, good student, multi-vehicle, homeowner, continuous coverage, online quote discount, and multi-policy.

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.

Upon 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.

• William K Lyons Agency Inc
  2100 F St # 200 – Bakersfield, CA 93301 – (661) 327-9731 – View Map
• Fox, James H – James H Fox Insurance
  42 Bernard St – Bakersfield, CA 93305 – (661) 322-2023 – View Map
• El Dorado Insurance Agency, Inc.
  2809 Unicorn Rd # 102 – Bakersfield, CA 93308 – (800) 221-3386 – View Map

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.

• Farmers Insurance: Eric Peters
  1519 Eye St – Bakersfield, CA 93301 – (661) 872-8113 – View Map
• Allstate Insurance: Megan Waite
  4200 Easton Dr #1 – Bakersfield, CA 93309 – (661) 327-3486 – View Map
• Allstate Insurance: Diana Martinez
  6300 White Ln T – Bakersfield, CA 93309 – (661) 827-8800 – View Map

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:

• If you have an accident, will your rates go up?
• Do clients work directly with the agent or are most inquiries handled by a CSR?
• How long has the business existed?
• Who is covered by the car insurance policy?
• How experienced are they in personal risk management?

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.

Helpful resources

• Senior Drivers (Insurance Information Institute)
• Who Has Affordable Auto Insurance Quotes for Active Military in Bakersfield? (FAQ)
• Who Has Cheap Bakersfield Car Insurance for Good Students? (FAQ)
• How Much is Auto Insurance for Hybrid Vehicles in Bakersfield? (FAQ)
• Who Has the Cheapest Car Insurance Rates for Immigrants in Bakersfield? (FAQ)
• New head restraint design cuts injuries (Insurance Institute for Highway Safety)
• Driving in Bad Weather (Insurance Information Institute)
• Choosing an Insurance Company (Insurance Information Institute)