2012 Porsche Panamera Insurance Quotes in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 20, 2024

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Searching for lower insurance coverage rates for your Porsche Panamera? Locating low-cost insurance for a new or used Porsche Panamera could be a painful process, but you can follow a few tricks to find lower rates. There is a right way and a wrong way to compare insurance coverage rates so you’re going to learn the best way to compare rates for a new or used Porsche and locate the best price possible.

You should take the time to shop coverage around on a regular basis since rates change quite often. Even if you think you had the best rate on Panamera insurance a few years ago the chances are good that you can find a lower price today. Block out anything you think you know about insurance coverage because it’s time to teach you the right way to find better rates and still maintain coverage.

Discounts to earn cheaper car insurance rates

Car insurance is not cheap nor is it fun to buy but you may be missing some discounts that could help you make your next renewal payment. A few discounts will be applied at the time you complete a quote, but a few must be requested specifically prior to receiving the credit.

  • Discount for Life Insurance – Select car insurance companies reward you with a lower price if you buy auto and life insurance together.
  • Anti-lock Brakes – Cars, trucks, and SUVs that have steering control and anti-lock brakes have fewer accidents so you can save 10 percent or more.
  • Buy New and Save – Insuring a new car may earn a small discount since newer models are generally safer.
  • Payment Discounts – By paying your policy upfront as opposed to paying monthly you can avoid monthly service charges.
  • Discount for Passive Restraints – Vehicles with factory air bags or motorized seat belts may get savings of up to 25% or more.
  • Senior Citizens – Mature drivers are able to get a small decrease in premiums on Panamera insurance.
  • Defensive Driving Course – Completing a safe driver course could cut 5% off your bill if your company offers it.
  • Theft Prevention System – Cars and trucks with anti-theft systems help deter theft and that can save you a little bit as well.
  • No Accidents – Insureds who avoid accidents and claims get the best car insurance rates as opposed to bad drivers.
  • Own a Home and Save – Being a homeowner may trigger a policy discount on car insurance because owning a home means you have a higher level of financial diligence.

Remember that most credits do not apply to the entire cost. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, car insurance companies aren’t that generous.

A few popular companies and a partial list of their discounts are included below.

  • State Farm offers discounts for safe vehicle, accident-free, driver’s education, good student, Drive Safe & Save, multiple autos, and Steer Clear safe driver discount.
  • Progressive may offer discounts for continuous coverage, online signing, multi-policy, homeowner, and multi-vehicle.
  • Progressive discounts include multi-vehicle, continuous coverage, homeowner, online quote discount, and good student.
  • MetLife offers premium reductions for good student, accident-free, defensive driver, multi-policy, and good driver.
  • Farm Bureau may include discounts for driver training, youthful driver, good student, multi-policy, and renewal discount.
  • GEICO policyholders can earn discounts including driver training, anti-theft, multi-policy, anti-lock brakes, and multi-vehicle.
  • SAFECO offers discounts including anti-theft, anti-lock brakes, teen safety rewards, drive less, and homeowner.

When getting a coverage quote, ask each company or agent what discounts are available to you. Some of the earlier mentioned discounts might not be offered on policies everywhere.

Why your insurance rates might be higher

Many things are used in the calculation when you quote your car insurance policy. Some are obvious such as your driving record, although some other factors are not as apparent such as your marital status or your vehicle rating. An important part of buying insurance is that you know the different types of things that help calculate your policy premiums. If you know what influences your rates, this enables informed choices that will entitle you to lower rates.

  • Safeguard your assets with liability – The liability section of your policy will protect you when you are found to be at fault for causing personal injury or damage in an accident. It provides you with a defense in court which can cost thousands of dollars. It is affordable coverage compared to physical damage coverage, so insureds should have plenty of protection for their assets.
  • Insurance coverage lapses lead to higher premiums – Driving with no insurance is against the law and your next policy will cost more because you let your coverage lapse. And not only will insurance be more expensive, not being able to provide proof of insurance could result in a revoked license or a big fine.
  • Frequent policy claims will cost you more – If you file a lot of claims you can expect either policy cancellation or increased premiums. Auto insurance companies provide cheaper rates to policyholders who only file infrequent claims. Auto insurance is meant to be used in the event of claims that you cannot pay yourself.
  • Teen vs. experienced drivers – Mature drivers have been proven to be more responsible, statistically cause fewer accidents and tend to be get fewer driving tickets. Drivers with little experience are statistically shown to get distracted easily when behind the wheel so they pay higher insurance coverage rates.
  • Deter theft and pay less – Driving a car with a theft deterrent system can help lower your rates. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder your vehicle from being stolen.
  • Avoid tickets and save – Being a careful driver has a big impact on rates. Even a single speeding ticket may increase your cost by twenty percent. Good drivers tend to pay less for car insurance than their less careful counterparts. Drivers unfortunate enough to have dangerous citations such as reckless driving or DUI might be required by their state to file a SR-22 with their state’s department of motor vehicles in order to legally drive a vehicle.

Tailor your insurance coverage to you

When choosing the right insurance coverage for your vehicles, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s.

These are some specific questions might help in determining if you might need an agent’s assistance.

  • Is my dog or cat covered if injured in an accident?
  • What is the difference between comprehensive and collision coverage?
  • Is a fancy paint job covered?
  • Should I put collision coverage on all my vehicles?
  • Is my cargo covered for damage or theft?
  • Can my teen drive my company car?
  • Do I need to file an SR-22 for a DUI in my state?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and enter your zip code. It is quick, free and can provide invaluable advice.

Coverage specifics

Having a good grasp of your policy can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for bills such as nursing services, prosthetic devices and pain medications. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive (Other than Collision)

This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims like a tree branch falling on your vehicle, damage from getting keyed, damage from a tornado or hurricane and rock chips in glass. The maximum payout your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision insurance

Collision coverage pays for damage to your Panamera resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like hitting a mailbox, crashing into a building, sustaining damage from a pot hole, colliding with a tree and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Porsche Panamera.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Auto liability insurance

Liability coverage provides protection from damages or injuries you inflict on a person or their property. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged property.

Liability can pay for claims such as bail bonds, pain and suffering, court costs and funeral expenses. How much liability should you purchase? That is up to you, but buy as much as you can afford.

In conclusion

Lower-priced 2012 Porsche Panamera insurance can be found from both online companies and from local insurance agents, and you should compare rates from both in order to have the best price selection to choose from. There are still a few companies who do not offer rates over the internet and usually these smaller providers sell through local independent agencies.

Consumers switch companies for any number of reasons including high prices, an unsatisfactory settlement offer, unfair underwriting practices and denial of a claim. It doesn’t matter why you want to switch choosing a new insurance company is actually quite simple.

We just presented a lot of techniques to get a better price on 2012 Porsche Panamera insurance. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. Drivers may discover the lowest priced insurance coverage comes from a small local company.

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