Compare Porsche Cayman Insurance Rate Quotes in Dallas

Discount Porsche Cayman insuranceAre you drained from robbing Peter to pay Paul to make your car insurance payment? You are no different than many other Texas consumers.

A recent study showed that most consumers have been with the same company for four years or more, and nearly half have never compared rates with other companies. Most drivers in Dallas could save about 70% a year just by shopping around, but they underestimate how much they could save if they switched to a more affordable policy.

You have multiple insurers to pick from, and even though it’s nice to be able to choose, having more insurers makes it harder to compare rates and cut insurance costs.

Smart consumers take time to quote other rates before your next renewal due to the fact that insurance prices trend upward over time. Despite the fact that you may have had the lowest quotes on Porsche Cayman insurance in Dallas two years ago you can probably find a lower rate today. Ignore everything you know about car insurance because I’m going to teach you the fastest way to save money, get proper coverage and the best rates.

Locating the most cost-effective auto insurance policy in Dallas is quite easy. If you currently have a car insurance policy, you will most likely be able to shop for the lowest rates using the concepts you’re about to learn. But Texas consumers can benefit from knowing how the larger insurance companies calculate their prices because it can help you find the best coverage.

When price shopping your coverage, obtaining a wide range of quotes will increase your chances of finding more affordable insurance. Not every company provides Dallas Cayman insurance quotes online, so you also need to get price quotes from them, too.

The auto insurance companies shown below have been selected to offer comparison quotes in Dallas, TX. If multiple companies are shown, we suggest you click on several of them in order to get a fair rate comparison.

Verify you’re applying every discount

Insuring your vehicles can cost a lot, but you may find discounts that can drop the cost substantially. Some trigger automatically when you purchase, but a few must be inquired about in order for you to get them.Cheaper insurance with discounts

Don’t be shocked that most discounts do not apply the whole policy. Some only apply to the price of certain insurance coverages like medical payments or collision. Despite the appearance that all the discounts add up to a free policy, nobody gets a free ride.

The information below illustrates the comparison of Porsche Cayman premium costs with and without some available policy discounts. The data is based on a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, multi-car, multi-policy, and homeowner discounts applied.

Companies and their possible discounts are included below.

When getting a coverage quote, ask each insurance company which discounts you qualify for. Some discounts may not apply in Dallas. If you would like to choose from a list of companies that have a full spectrum of discounts in Texas, click here to view.

Porsche Cayman insurance coverage information

The table shown next highlights detailed analysis of insurance prices for Porsche Cayman models. Learning how insurance prices are calculated can assist in making smart choices when purchasing an auto insurance policy.

Porsche Cayman Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $440 $890 $388 $24 $116 $1,858 $155
Cayman S 2-Dr Coupe $440 $994 $388 $24 $116 $1,962 $164
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Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can revise auto insurance rates greatly.

Rate comparison for different deductibles

The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The data tables below can help you understand how much more you’ll pay when you select higher and lower insurance deductibles. The first table uses a $250 deductible for physical damage and the second price chart uses a $1,000 deductible.

Porsche Cayman insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $408 $762 $382 $22 $114 $1,713 $143
Cayman S 2-Dr Coupe $408 $850 $382 $22 $114 $1,801 $150
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Porsche Cayman insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $252 $478 $382 $22 $114 $1,248 $104
Cayman S 2-Dr Coupe $252 $534 $382 $22 $114 $1,304 $109
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Table data does not factor in garaging location in Dallas which can change coverage rates substantially.

Based on the above data, using a $250 deductible could cost the average driver approximately $40 more each month or $480 for a full year averaged for all Cayman models than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 19 months between claim filings, you would save more money if you decide on a higher deductible.

The diagram below demonstrates how choosing different deductibles and can change Porsche Cayman insurance costs for different insured age categories. The premiums are based on a married female driver, full coverage, and no discounts are factored in.

Difference between liability only and full coverage rates

The example below illustrates the difference between Porsche Cayman car insurance rates with full physical damage coverage compared to only buying liability only. The premiums assume no claims or driving citations, $500 deductibles, marital status is single, and no other discounts are factored in.

When to switch to liability coverage only

There is no set guideline of when to eliminate full coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s assume your Porsche Cayman claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $7,000 after paying your deductible. If premium cost is more than $700 annually for physical damage coverage, then it might be time to buy liability only.

There are some conditions where removing full coverage is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not remove full coverage.

Smart Consumers Can Reduce Insurance Rates

When buying auto insurance it’s important to understand some of the things that help determine your auto insurance rates. When you know what positively or negatively determines base rates, this allows you to make educated decisions that could result in lower rates.

Listed below are some of the factors used by companies to determine premiums.