Cheapest Insurance for a Porsche Cayman in Aurora

Insurance rates Porsche Cayman in AuroraThe recommended way to get low-cost Porsche Cayman insurance in Aurora is to begin comparing prices regularly from insurers who provide auto insurance in Colorado.

Step 1: Take a little time to learn about coverages and the measures you can take to prevent high rates. Many risk factors that result in higher prices such as careless driving and a less-than-favorable credit score can be improved by being financially responsible and driving safely.

Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO and State Farm, while independent agents can quote rates for a wide range of companies.

Step 3: Compare the new rate quotes to your existing policy to see if you can save by switching companies. If you find a better price and decide to switch, verify that coverage does not lapse between policies.

One key aspect of rate comparisons is to make sure you’re comparing similar limits and deductibles on each quote and and to look at all possible companies. Doing this helps ensure a fair rate comparison and a complete price analysis.

Shocking but true, nearly 70% of Colorado drivers have bought car insurance from the same company for more than four years, and roughly 40% of drivers have never quoted rates to find cheap coverage. With the average car insurance premium being $1,847, American drivers could save themselves approximately 46.5% a year, but most tend to underestimate how much savings they would realize if they switch to a new company.

Finding the cheapest car insurance coverage in Aurora is not that difficult as long as you know where to start. In a nutshell, every car owner who needs more affordable car insurance most likely will find a lower-cost policy. But Colorado vehicle owners can benefit by having an understanding of how big insurance companies price online insurance because it varies considerably.

When price shopping your coverage, comparing more rates from different companies gives you a better chance of getting the best rates. Not every company allows you to get online Aurora Cayman insurance quotes, so it’s necessary to compare prices from the smaller companies as well.

The companies in the list below are ready to provide price quotes in Aurora, CO. If your goal is to find the cheapest car insurance in Aurora, CO, we recommend you visit as many as you can in order to find the most competitive rates.

Take policy discounts and save on Porsche Cayman insurance in Aurora

The cost of insuring your cars can be expensive, but you might be missing out on some discounts that could drop your premiums quite a bit. Certain discounts will be triggered automatically when you quote, but once in a while a discount must be manually applied before being credited.Save money with discounts

One thing to note about discounts is that many deductions do not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So when the math indicates all the discounts add up to a free policy, nobody gets a free ride.

The chart below compares Porsche Cayman annual premium costs with and without discounts applied to the policy rates. The prices are based on a female driver, no accidents, no driving violations, Colorado 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 homeowner, claim-free, multi-car, marriage, multi-policy, and safe-driver discounts applied.

To locate insurance companies that offer some of these discounts in Aurora, click here to view.

Insurance coverage details

The coverage information displayed below highlights different insurance policy prices for Porsche Cayman models. Having a good understanding how car insurance premiums are figured can help drivers make informed decisions when comparing rate quotes.

Porsche Cayman Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $182 $376 $338 $20 $100 $1,016 $85
Cayman S 2-Dr Coupe $182 $418 $338 $20 $100 $1,058 $88
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Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in Aurora location which can affect auto insurance rates noticeably.

Insurance deductibles

When buying insurance, a common question is which deductible level should you buy. The tables below sum up how much more you’ll pay of buying low and high comp and collision deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

Porsche Cayman insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $376 $702 $352 $20 $106 $1,581 $132
Cayman S 2-Dr Coupe $376 $784 $352 $20 $106 $1,663 $139
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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 $232 $442 $352 $20 $106 $1,152 $96
Cayman S 2-Dr Coupe $232 $492 $352 $20 $106 $1,202 $100
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Price estimates do not factor in vehicle garaging location which can increase or decrease coverage rates greatly.

Using the premium rates above, we can conclude that using a $250 deductible costs roughly $38 more each month or $456 annually across all Porsche Cayman models than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 20 months between claims, you would probably save some money going with the higher deductible.

How to calculate deductible break even period

Average monthly premium for $250 deductibles: $136
Average monthly premium for $1,000 deductibles (subtract): – $98
Monthly savings from raising deductible: $38
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $38
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One important caveat is that a higher deductible means you will have to pay more out-of-pocket at claim time. You need some extra savings in the event you need to pay more to get your vehicle repaired.

The chart below illustrates how your choice of deductibles and can influence Porsche Cayman insurance costs for different age groups of insureds. The data assumes a single female driver, comp and collision included, and no additional discounts are factored in.

Full coverage versus liability-only in Aurora

The chart below shows the comparison of Porsche Cayman insurance rates with and without physical damage coverage. The premiums are based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no other discounts are factored in.

When to switch to liability coverage only

There is no exact rule of when to phase out physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your Porsche Cayman settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $3,000 after you pay the deductible. If you are currently paying more than $300 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some circumstances where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Smart Consumers Can Cut Their Insurance Premiums

One of the most helpful ways to save on auto insurance is to to have a grasp of some of the things that help calculate auto insurance rates. If you understand what determines base rates, this allows you to make educated decisions that could help you find lower rates. Lots of things are part of the calculation when pricing auto insurance. Some of the criteria are obvious like your driving record, but other criteria are more transparent such as your credit history or your commute time.

The list below includes some of the items used by your company to calculate rates.

Avoid tickets and save – Drivers who don’t get tickets have lower premiums as compared to careless drivers. Having a single citation can boost insurance rates by twenty percent. Drivers who have received flagrant violations such as reckless driving or DUI might be required by their state to complete a SR-22 with their state in order to prevent their license from being revoked.

The example below illustrates how traffic citations and at-fault fender-benders raise Porsche Cayman auto insurance costs for different age groups. The data assumes a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.

Stay claim-free and save – If you file claims often, you should expect either a policy non-renewal or much higher rates. Auto insurance companies in Colorado generally give the best rates to policyholders who are not frequent claim filers. Your insurance policy is designed for claims that pose a financial burden.

Lower premiums with continuous coverage – Allowing your auto insurance policy to lapse is a quick way to increase your rates. Not only will you pay higher rates, not being able to provide proof of insurance may result in a fine, jail time, or a revoked license. You may then be required to prove you have insurance by filing a SR-22 with the Colorado motor vehicle department to get your license reinstated.

Eliminate extra coverages – There are a lot of add-on coverages that may not really be needed if you aren’t careful. Things like rental car reimbursement, accident forgiveness, and additional equipment coverage are some examples. They may seem good initially, but if you’ve never needed them in the past consider taking them off your policy.

Save miles and save money – The more you drive in a year the higher your rate. A lot of companies price each vehicle’s coverage based on how the vehicle is used. Vehicles that are left in the garage cost less to insure than those that get driven frequently. It’s a good idea to make sure your auto insurance declarations sheet is showing the right rating data, because improper ratings can cost you money. Incorrect rating for your Cayman can cost quite a bit.

How old are your drivers? – Inexperience drivers are statistically shown to be more careless with other occupants in the car therefore auto insurance rates are much higher. Adding a inexperienced driver onto a policy can be very expensive. Older drivers are shown to be more cautious, are lower risk to insure, and get fewer tickets.

The next chart uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

Stress out and pay more – Do you work in a high-stress field? Occupations like real estate brokers, air traffic controllers, and emergency personnel generally have higher premium rates in part from intense work situations and long work days. On the flip side, careers such as actors, engineers and retirees get better rates.

Are you male or female? – Over the last 50 years, statistics have shown that women are safer drivers than men. Now that doesn’t mean women are better drivers. Males and females get in fender benders at a similar rate, but the males have accidents that have higher claims. Men also tend to get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly.

The example below illustrates the comparison of Porsche Cayman yearly insurance costs for male and female drivers. The premiums are based on a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, marital status is single, and no discounts are applied.

Insurance loss probability for a Porsche Cayman – Insurance companies analyze historical claim data to help calculate a profitable premium price. Models that are shown to have higher number or severity of losses will cost more for specific coverages.

The table below shows the compiled insurance loss statistics for Porsche Cayman vehicles. For each coverage category, the claim amount for all vehicles, as a total average, is represented as 100. Numbers shown that are under 100 mean the vehicle has better than average losses, while values over 100 indicate frequent claims or an increased chance of larger losses than average.

Insurance Loss Ratings for Porsche Cayman Vehicles
Specific Porsche Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Porsche Cayman 2dr 183 40 99 36

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

Exclusive versus independent car insurance agents

Some consumers still like to sit down with an agent and that is a smart decision The best thing about comparing rates online is you may find cheap car insurance quotes and still have a local agent.

Aurora insurance agentsFor easy comparison, once you complete this form (opens in new window), the coverage information is emailed to insurance agents in Aurora that can give you free Aurora auto insurance quotes for your insurance coverage. There is no reason to leave your house as quotes are delivered immediately to your email address. Get lower rates AND an agent nearby. If for some reason you want to get a rate quote from a specific company, you just need to jump over to their website and submit a quote form there.

Choosing the best insurance company should depend on more than just the bottom line cost. Agents should be asked these questions:

Find cheap auto insurance rates by comparing often

Budget-friendly auto insurance in Aurora is available online and with local Aurora insurance agents, and you need to comparison shop both to have the best selection. Some companies may not have price quotes online and usually these regional insurance providers prefer to sell through local independent agencies.

We covered a lot of information how to reduce Porsche Cayman insurance premium rates online in Aurora. The most important thing to understand is the more companies you get prices for, the higher the chance of saving money. You may even discover the most savings is with some of the lesser-known companies. Regional companies may have significantly lower prices on certain market segments as compared to the big name companies such as Allstate or State Farm.

When searching for cheaper Aurora auto insurance quotes, you should never buy less coverage just to save a little money. In too many instances, an accident victim reduced collision coverage only to discover later they didn’t purchase enough coverage. Your strategy should be to find the BEST coverage at the best possible price while not skimping on critical coverages.

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