Auto Insurance Quotes for a Porsche Panamera in Minneapolis

Discount Porsche Panamera insuranceTrying to come up with a payment for overpriced insurance can dwindle your personal savings and force you to cut corners elsewhere. Shopping your coverage around can help to lower your monthly bill.

We don’t have to point out that fact that auto insurance companies want to keep you from shopping around. Consumers who shop around for cheaper rates are inclined to move their business because there is a high probability of finding lower prices. Surprisingly, a recent survey revealed that people who routinely shopped for cheaper coverage saved $3,500 over four years as compared to drivers who didn’t regularly shop around.

If finding discount rates on auto insurance is the reason you’re here, knowing the best way to shop and compare cheaper coverage can make it easier for you to save money.

Due to the large number of companies to choose from that have cheaper insurance for a Porsche Panamera in Minneapolis, it can be challenging to find the right insurance company.

It’s a great practice to get comparison quotes as often as possible because insurance prices change regularly. Despite the fact that you may have had the best deal on Porsche Panamera insurance in Minneapolis on your last policy there may be better deals available now. There is a lot of wrong information about Panamera insurance online but by reading this article, you’re going to learn some tested techniques to lower your insurance bill.

Cheapest car insurance in Minneapolis, MN

The companies in the list below offer comparison quotes in Minnesota. If your goal is to find the best cheap car insurance in Minnesota, we recommend you visit as many as you can to get a more complete price comparison.

Data for Porsche Panamera insurance

The data table displayed next highlights estimates of coverage prices for Porsche Panamera models. Having a good understanding how policy premiums are established is important for drivers to make smart choices when buying a car insurance policy.

Porsche Panamera Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Panamera S 4-Dr Hatchback $230 $506 $358 $22 $108 $1,224 $102
Panamera 4S AWD 4-Dr Hatchback $230 $554 $358 $22 $108 $1,272 $106
Panamera Turbo AWD 4-Dr Hatchback $264 $650 $358 $22 $108 $1,402 $117
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Information does not factor in Minneapolis location which can impact premiums significantly.

How high should deductibles be?

When comparing insurance rates, the most common question is how high should the physical damage coverage deductibles be. The comparison tables below lay out how much more you’ll pay when you select higher and lower insurance deductibles. The first table uses a $250 deductible and the second set of prices uses a $1,000 deductible.

Porsche Panamera insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Panamera S 4-Dr Hatchback $434 $782 $318 $18 $94 $1,671 $139
Panamera 4S AWD 4-Dr Hatchback $434 $854 $318 $18 $94 $1,743 $145
Panamera Turbo AWD 4-Dr Hatchback $498 $1002 $318 $18 $94 $1,955 $163
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Porsche Panamera insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Panamera S 4-Dr Hatchback $268 $492 $318 $18 $94 $1,190 $99
Panamera 4S AWD 4-Dr Hatchback $268 $538 $318 $18 $94 $1,236 $103
Panamera Turbo AWD 4-Dr Hatchback $308 $630 $318 $18 $94 $1,368 $114
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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, multi-policy, homeowner, claim-free, and safe-driver. Prices do not factor in specific location which can change rates significantly.

Based on the data above, we can derive that using a $250 deductible costs approximately $44 more each month or $528 for a full year across all Porsche Panamera models than selecting the higher $1,000 deductible. Because you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 17 months between claims, you would save more money going with the higher deductible.

Calculate deductible break even point

Average monthly premium for $250 deductibles: $149
Average monthly premium for $1,000 deductibles (subtract): – $105
Monthly savings from raising deductible: $44
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $44
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One big caveat is that increasing deductibles to lower your rates means you pay more out-of-pocket at claim time. It will be required that you have some extra savings in the event you have to pay the deductible for vehicle repair.

The information below shows how choosing a deductible and can affect Porsche Panamera annual premium costs for each different age category. The premiums assume a married female driver, comprehensive and collision coverage, and no other discounts are factored in.

Lower-cost Porsche Panamera insurance in Minneapolis

Auto insurance companies don’t necessarily list all discounts in a way that’s easy to find, so the following is a list of a few of the more well known and also the more inconspicuous savings tricks you should be using when you buy Minneapolis auto insurance online.

Don’t be surprised that most discounts do not apply to all coverage premiums. A few only apply to individual premiums such as medical payments or collision. Even though it appears you can get free auto insurance, you won’t be that lucky.

The illustration below shows the comparison of Porsche Panamera premium costs with and without discounts applied to the rates. Data assumes a male driver, no violations or accidents, Minnesota state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, claim-free, safe-driver, marriage, and multi-policy discounts applied.

To view insurers with discount car insurance rates in Minneapolis, click this link.

Local Minneapolis insurance agencies and insurance

Many drivers still prefer to have an agent’s advice and that can be a smart move An additional benefit of getting online price quotes is that drivers can save money and get cheap insurance rates but also keep your business local.

Minneapolis insurance agentsTo make it easy to find an agent, after completing this quick form, your insurance coverage information is instantly submitted to participating agents in Minneapolis that provide free Minneapolis auto insurance quotes for your coverage. You don’t have to search for an agent because quoted prices will be sent instantly to you. You can find better rates without having to waste a lot of time. If you have a need to quote rates from a specific insurance company, feel free to go to their quote page and fill out the quote form the provide.

Finding the right company should include more criteria than just a cheap price quote. Here are some questions to ask:

Below are Minneapolis insurance companies that can give you price quotes for Porsche Panamera insurance in Minneapolis.

331 E Lake StMinneapolis, MN 55408(612) 353-6667View Map

4649 Bloomington AveMinneapolis, MN 55407(612) 333-5554View Map

3259 Johnson St NEMinneapolis, MN 55418(612) 781-3454View Map

TCF Agency Insurance Services Inc
801 S Marquette AveMinneapolis, MN 55402(612) 661-8400View Map

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Cheaper coverage is out there

When getting Minneapolis auto insurance quotes online, don’t be tempted to buy poor coverage just to save money. Too many times, an insured cut comprehensive coverage or liability limits only to discover later that it was a big mistake. Your aim should be to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

Affordable Porsche Panamera insurance in Minneapolis is attainable online as well as from independent agents in Minneapolis, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance providers may not have online quoting and these smaller providers only sell coverage through local independent agencies.

We just presented some good ideas how to reduce Porsche Panamera insurance auto insurance rates online in Minneapolis. The key thing to remember is the more companies you get premium rates for, the better chance you’ll have of finding the cheapest Porsche Panamera rate quotes. You may even be surprised to find that the best price on car insurance is with some of the lesser-known companies. Some small companies often have lower premium rates on specific markets as compared to the big name companies such as Progressive and GEICO.

How to quote cheaper Porsche Panamera insurance in Minneapolis

The most effective way to find lower priced Porsche Panamera insurance in Minneapolis is to start comparing rates regularly from companies who sell auto insurance in Minnesota.

First, gain an understanding of how insurance works and the changes you can make to prevent expensive coverage. Many rating factors that result in higher rates such as at-fault accidents and an unacceptable credit history can be eliminated by making minor changes to your lifestyle.

Second, quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while agents who are independent can quote rates from many different companies.

Third, compare the quotes to your current policy to see if cheaper Panamera coverage is available in Minneapolis. If you can save some money, verify that coverage does not lapse between policies.

Fourth, tell your current company to cancel your current policy. Submit a down payment along with a completed application for the new coverage. Immediately store the certificate verifying coverage along with your vehicle registration.

A good piece of advice is to try to use the same coverage limits and deductibles on every quote request and and to get price quotes from as many different insurance providers as possible. This provides a fair price comparison and a complete selection of prices.

Much more information about car insurance in Minnesota is available at these links: