Cheap 2018 Porsche 718 Boxster Insurance Rates 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 21, 2024

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Pretty sure you bought overpriced insurance coverage? Don’t feel bad because you are not the only one feeling buyer’s remorse.

Lots of insurers contend to insure your vehicles, so it’s not easy to compare every insurer to find the lowest price

You should take the time to get comparison quotes before your policy renews because insurance coverage prices go up and down regularly. Just because you found the best deal on 718 Boxster insurance a year ago you can probably find a better premium rate now. Block out anything you think you know about insurance coverage because you’re about to find out the easiest way to save money, get proper deductibles and limits, all at the lowest rate.

Why you might pay lower rates

Smart consumers have a good feel for the rating factors that come into play when calculating your premiums. If you understand what impacts premium levels, this enables you to make decisions that will entitle you to lower rates.

The factors shown below are some of the factors companies use to determine your prices.

  • GPS tracking and theft deterrents lower premiums – Owning a car with a theft deterrent system can help lower your premiums. Systems that thwart theives such as OnStar, LoJack tracking, and tamper alarms all help prevent auto theft.
  • Men tend to take more risk – Over the last 30 years, statistics show that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. Both genders tend to get into fender benders at a similar rate, but guys tend to have higher claims. Not only that, but men also get cited for more serious violations such as DWI and reckless driving. Teenage male drivers are the most expensive to insure and thus pay the highest rates.
  • Policy add-ons add up – There are a lot of extra add-on coverages that can waste your money on your insurance policy. Coverages like coverage for rental cars, high-cost glass coverage, and term life insurance may be costing you every month. They may seem good when you first buy your policy, but if you’ve never needed them in the past consider taking them off your policy.
  • Job stress can make you pay more – Did you know that where you work can have an impact on rates? Careers such as military generals, business owners and dentists generally have the highest rates due to high stress and lengthy work days. Conversely, professions such as farmers, students and the unemployed have lower than average premiums on 718 Boxster insurance.
  • Your spouse saves you money – Being married can get you a discount when buying insurance. Having a spouse is viewed as being more stable financially and statistics prove married drivers tend to file fewer claims.

How to get insurance coverage rate quotes

When looking for low cost insurance coverage quotes, there are a couple ways of comparing price quotes from companies that offer insurance coverage in your state. The easiest way to find competitive 2018 Porsche 718 Boxster insurance rates consists of shopping online. It is quite easy and can be accomplished by using one of the methods below.

  1. One of the simplest ways to find low rates is a comparison rater form. This quick form keeps you from doing separate quotation requests for each price estimate. Filling out one form gets prices estimates from multiple companies.
  2. A less efficient way to find better pricing is going to each company website to complete a price quote. For sake of this example, let’s assume you want rates from GEICO, Farmers and Liberty Mutual. To get rate quotes you would need to take the time to go to each site and punch in your information repeatedly, which is why the first method is quicker.
  3. Even if you have time, the least recommended method to get price estimates is to drive around to different agent offices. The ability to get quotes online has reduced the need for local agents unless you want the trained guidance that can only be provided by a licensed insurance agent. It is possible to get prices online and get advice from an agent in your area.

Which method you use is up to you, but make sure you use apples-to-apples coverage limits and deductibles for each price quote. If your comparisons have mixed coverages it’s impossible to determine the best price for your Porsche 718 Boxster. Quoting even small variations in insurance coverages or limits can mean a large discrepancy in price. Keep in mind that comparing a wide range of rates helps you find a lower rate than you’re paying now. Not every company does rate quotes online, so it’s important to compare price estimates from them, too.

Well known brands might not be cheapest

Respected companies like Progressive, Allstate and GEICO continually stream television, radio, and online ads. They all seem to make an identical promise that people will save after switching your policy. How is it possible that every company can make almost identical claims? It’s all in how they say it.

Many companies offer their best rates for the type of customer that will be a good risk. For instance, this type of driver might be described as a mature driver, has no claims, and chooses high deductibles. Any customer who matches that profile will probably get cheap rates and will most likely save quite a bit of money when switching.

Consumers who fall short of the “perfect” profile must pay higher premium rates which translates to the prospect going elsewhere. The trick companies use is to say “customers who switch” not “everyone who quotes” save that much when switching. That’s why insurance companies can make the claims of big savings. This really emphasizes why drivers must get insurance coverage quotes as often as possible. Because you never know which company will give you the biggest savings.

Are you earning every discount?

Some insurance providers don’t list every discount very well, so the list below details a few of the more common as well as the least known credits that you can use to lower your rates.

  • Discount for Home Ownership – Owning your own home or condo may earn you a small savings because maintaining a house is proof that your finances are in order.
  • Theft Prevention Discount – Vehicles optioned with advanced anti-theft systems have a lower chance of being stolen and earn discounts up to 10% off your insurance coverage quote.
  • Paperwork-free – Many companies will give you a small discount simply for signing on your computer.
  • Distant Student Discount – Youth drivers who live away from home at college without a vehicle on campus can receive lower rates.
  • Discount for Life Insurance – Insurance companies who offer life insurance give better rates if you take out some life insurance too.
  • Discounts for Multiple Vehicles – Buying insurance for all your vehicles with one company may reduce the rate for each vehicle.
  • Cautious Driver Discount – Accident-free drivers could pay up to 40% less on 718 Boxster insurance compared to accident prone drivers.
  • Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • Military Rewards – Being on active duty in the military may lower your premium rates slightly.
  • Savings for New Vehicles – Putting insurance on a new car is cheaper due to better safety requirements for newer models.

You can save money using discounts, but most discounts do not apply to the whole policy. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Even though it appears all the discounts add up to a free policy, it just doesn’t work that way.

A few of the larger companies and a selection of discounts are included below.

  • Esurance has discounts for online quote, renters, paid-in-full, online shopper, multi-car, anti-theft, and good driver.
  • The Hartford offers discounts including anti-theft, bundle, driver training, vehicle fuel type, and air bag.
  • AAA may include discounts for good driver, multi-policy, education and occupation, multi-car, pay-in-full, and anti-theft.
  • GEICO may offer discounts for emergency military deployment, multi-policy, anti-theft, driver training, good student, and multi-vehicle.
  • State Farm policyholders can earn discounts including Drive Safe & Save, student away at school, good driver, defensive driving training, multiple autos, multiple policy, and accident-free.

When getting a coverage quote, ask each company which discounts they offer. Depending on the company, some discounts may not apply to policies everywhere. For a list of providers who offer insurance discounts, enter your zip code here.

When in doubt talk to an agent

When buying proper insurance coverage, there really is not a “perfect” insurance plan. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover if you might need an agent’s assistance.

  • How much liability insurance is required?
  • How do I insure my teen driver?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Is there coverage for injuries to my pets?
  • What is UM/UIM insurance?
  • Do I have newly-acquired coverage?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, simply complete your zip code.

Car insurance coverage information

Learning about specific coverages of a insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Listed below are the usual coverages available from insurance companies.

Liability insurance – Liability coverage can cover damage that occurs to other’s property or people. This coverage protects you against other people’s claims. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for things such as repair bills for other people’s vehicles, pain and suffering and loss of income. The amount of liability coverage you purchase is up to you, but you should buy as much as you can afford.

Collision – Collision coverage will pay to fix damage to your 718 Boxster resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as driving through your garage door, sustaining damage from a pot hole, colliding with another moving vehicle and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Comprehensive coverages – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like hitting a bird, hitting a deer, a tree branch falling on your vehicle and falling objects. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance kick in for immediate expenses such as surgery, EMT expenses, dental work, hospital visits and rehabilitation expenses. They are used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Uninsured and underinsured coverage – Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Porsche 718 Boxster.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

A penny saved is a penny earned

More affordable insurance can be purchased on the web and with local insurance agents, and you should compare rates from both in order to have the best chance of saving money. Some insurance companies may not offer internet price quotes and these regional insurance providers only sell through independent agents.

When searching for cheap insurance coverage quotes, it’s very important that you do not buy lower coverage limits just to save a few bucks. In too many instances, an accident victim reduced liability coverage limits only to regret that the savings was not a smart move. The ultimate goal is to purchase plenty of coverage at the best cost while not skimping on critical coverages.

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