Compare Porsche Cayman Insurance Quotes in Minneapolis

It goes without saying that auto insurance companies want to keep you from comparing prices. Drivers who get comparison quotes once a year are likely to move their business because the odds are good of finding a lower-priced company. A recent survey discovered that consumers who compared prices once a year saved about $865 a year compared to drivers who didn’t regularly shop around.

If saving money on Porsche Cayman insurance is your ultimate goal, then learning about how to quote and compare coverage rates can make it simple to find affordable coverage.

Insurance quote for Porsche Cayman in MinneapolisThe best way we recommend to find lower priced Porsche Cayman insurance is to start comparing prices regularly from providers in Minneapolis. You can compare rates by completing these steps.

A key point to remember is to make sure you enter similar limits and deductibles on every quote request and and to get price estimates from as many companies as feasibly possible. This enables a fair price comparison and a complete rate analysis.

If you have a policy now or need new coverage, you can use these tips to save money and possibly find even better coverage. This article’s intent is to help educate you on how to get online quotes and some tricks to saving. You only need to know the proper methods to get comparison quotes over the internet.

Rates and information analytics

The premium table displayed below outlines different insurance rates for Porsche Cayman models. Having knowledge of how insurance rates are established is important for drivers to make decisions on the best policy to buy.

Porsche Cayman Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $310 $584 $326 $20 $98 $1,338 $112
Cayman S 2-Dr Coupe $310 $650 $326 $20 $98 $1,404 $117
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Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Rate information does not factor in garaging location in Minneapolis which can affect prices greatly.

Rate comparison for different deductibles

When buying auto insurance, a common question is what deductibles to buy. The tables below may help to conceptualize the rate fluctuation between high and low deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.

Porsche Cayman insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $378 $756 $318 $18 $94 $1,589 $132
Cayman S 2-Dr Coupe $378 $844 $318 $18 $94 $1,677 $140
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Porsche Cayman insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $210 $398 $318 $18 $94 $1,038 $87
Cayman S 2-Dr Coupe $210 $446 $318 $18 $94 $1,086 $91
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Information does not factor in specific Minneapolis garaging location which can affect rates greatly.

Using the data above, we can ascertain that using a $100 deductible could cost the average driver approximately $47 more each month or $564 for a full year averaged for all Cayman models than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 19 months between claims, you would more than likely save some money by going with a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $100 deductibles: $136
Average monthly premium for $1,000 deductibles (subtract): – $89
Monthly savings from raising deductible: $47
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $47
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One big caveat is that higher deductibles results in a higher out-of-pocket expense when you have to file a claim. You should have some extra savings in the event you need to pay the deductible for vehicle repair.

The example below illustrates how choosing a deductible and can increase or decrease Porsche Cayman insurance costs for different ages of insureds. The costs are based on a married female driver, comp and collision included, and no discounts are applied to the premium.

Good Decisions Result in Lower Insurance Prices

Lots of factors are used when pricing auto insurance. Some of the criteria are obvious such as your driving history, although others are more transparent such as whether you are married or your vehicle rating. An important part of buying insurance is that you know the different types of things that play a part in calculating the rates you pay for insurance. If you have a feel for what determines premiums, this allows you to make good choices that may reward you with cheaper rates.

Minneapolis car insurance company ratings

Choosing a highly-rated auto insurance company is hard considering how many companies are available to choose from in Minnesota. The ranking data below can help you analyze which car insurance companies you want to consider comparing rates from.

Top 10 Minneapolis Car Insurance Companies Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. State Farm
  5. Liberty Mutual
  6. Allstate
  7. Safeco Insurance
  8. 21st Century
  9. Travelers
  10. Titan Insurance

Top 10 Minneapolis Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA – 92%
  2. American Family – 88%
  3. State Farm – 88%
  4. Nationwide – 88%
  5. 21st Century – 88%
  6. AAA Insurance – 87%
  7. Liberty Mutual – 87%
  8. Farmers Insurance – 87%
  9. The Hartford – 87%
  10. Progressive – 87%

A little work can save a LOT of money

In this article, we presented many ways to shop for Porsche Cayman insurance online. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may even discover the lowest priced car insurance comes from the least-expected company.

As you shop your coverage around, never sacrifice coverage to reduce premiums. There are too many instances where an accident victim reduced full coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy a smart amount of coverage for the lowest price but still have enough coverage for asset protection.

More affordable car insurance in Minneapolis is definitely available online and with local Minneapolis insurance agents, and you should compare rates from both to get a complete price analysis. Some insurance providers may not provide internet price quotes and most of the time these small insurance companies work with local independent agencies.

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