2018 Porsche 718 Cayman 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 27, 2024

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Having to pay for high-priced insurance can overdraw your family’s budget, especially in this economy. Comparing price quotes is free, only takes a few minutes, and is a good way to make ends meet.

Online insurance companies like Allstate, Progressive and GEICO increase brand awareness with TV and radio ads and it is difficult to see through the deception and take the time to shop coverage around.

Consumers need to compare premium rates as often as possible because prices are constantly changing. Despite the fact that you may have had the best price on 718 Cayman insurance six months ago other companies may now be cheaper. Forget anything you know (or think you know) about insurance because I’m going to teach you the things you must know in order to find better rates and still maintain coverage.

More affordable rates by taking advantage of discounts

Car insurance companies don’t necessarily list all available discounts in an easy-to-find place, so we break down a few of the more well known as well as the least known credits that you can use to lower your rates.

  • Good Student Discount – Performing well in school could provide a savings of up to 20% or more. Most companies allow this discount up to age 25.
  • Senior Citizen Discount – If you qualify as a senior citizen, you can possibly qualify for better car insurance rates on 718 Cayman insurance.
  • Service Members Pay Less – Having a deployed family member could mean lower car insurance rates.
  • Passive Restraints and Air Bags – Vehicles with factory air bags and/or automatic seat belt systems may get savings of 20 to 30 percent.
  • Safe Driver Discounts – Drivers who avoid accidents could pay up to 40% less on 718 Cayman insurance than less cautious drivers.
  • Home Ownership Discount – Owning a house may trigger a policy discount on car insurance since home ownership demonstrates responsibility.
  • Accident Forgiveness – but companies like Liberty Mutual and GEICO will allow you to have one accident without raising rates with the catch being you have to be claim-free for a set time period.
  • No Claims – Insureds with no claims or accidents have much lower rates compared to drivers with a long claim history.
  • Pay Now and Pay Less – By paying your policy upfront instead of paying each month you could save 5% or more.
  • Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn a discounted rate on car insurance if you buy life insurance from them.

As is typical with insurance, some credits don’t apply to all coverage premiums. Some only apply to individual premiums such as comprehensive or collision. Despite the appearance that all those discounts means the company will pay you, it doesn’t quite work that way.

Larger car insurance companies and a summarized list of policyholder discounts include:

  • State Farm includes discounts for Drive Safe & Save, student away at school, good driver, safe vehicle, and Steer Clear safe driver discount.
  • Farmers Insurance may include discounts for good student, business and professional, distant student, switch companies, and early shopping.
  • GEICO discounts include good student, military active duty, seat belt use, multi-vehicle, emergency military deployment, driver training, and anti-lock brakes.
  • American Family offers premium reductions for multi-vehicle, good student, good driver, early bird, air bags, Steer into Savings, and bundled insurance.
  • Nationwide has savings for defensive driving, accident-free, easy pay, good student, family plan, and multi-policy.
  • Progressive has discounts for online signing, online quote discount, good student, multi-vehicle, and homeowner.

It’s a good idea to ask each company or agent what discounts are available to you. Some of the discounts discussed earlier may not be available in your area. For a list of insurance companies who offer discounts, enter your zip code here.

The easiest way to compare rate quotes is to realize almost all companies provide online access to compare rate quotes. The one thing you need to do is provide a little information like if you have an active license, the year, make and model of vehicles, how much education you have, and your credit rating estimate. The data is sent automatically to multiple different insurance companies and you should receive rate quotes instantly.

To find lower rates now, click here and find out if you can get cheaper insurance.

Lower your insurance rates

Lots of things are used in the calculation when you quote your car insurance policy. Some factors are common sense such as traffic violations, but other criteria are not quite as obvious such as your credit history and annual miles driven.

  • Deductibles are a factor – Your deductibles represent how much money you are required to pay before a claim is paid by your company. Physical damage protection, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some examples of covered claims would be a windshield broken by a bird, damage from fire, and having a roll-over accident. The higher the amount you have to pay, the less your insurance will be on 718 Cayman insurance.
  • Don’t cut corners with liability insurance – A critical coverage on your policy, liability insurance will provide protection if ever a court rules you are at fault for personal injury or accident damage. Your policy’s liability insurance provides for a legal defense which can be incredibly expensive. It is affordable coverage compared to comp and collision, so drivers should buy more than the minimum limits required by law.
  • Being married is a bonus – Getting married can actually save you money on your insurance bill. It is viewed as being more stable financially it has been statistically shown that married drivers get in fewer accidents.
  • Does your occupation cost you more? – Careers like military generals, business owners and miners usually pay higher average rates because of high stress levels and lengthy work days. On the other hand, jobs like farmers, students and performers receive lower rates on 718 Cayman insurance.
  • Don’t abuse claims – If you are a frequent claim filer, you can pretty much guarantee either a policy non-renewal or much higher rates. Insurance companies give discounts to policyholders who do not file claims often. Auto insurance is meant to be used in the event of more catestrophic claims.

How much insurance do I need?

When it comes to choosing adequate coverage for your vehicles, there really is no “perfect” insurance plan. Each situation is unique so your insurance should reflect that These are some specific questions can help discover whether or not you would benefit from an agent’s advice.

  • Should I buy additional glass protection?
  • Does having multiple vehicles earn me a discount?
  • Is my camper covered by my car insurance policy?
  • What if I owe more than I can insure my car for?
  • Will my insurance pay for OEM parts?
  • How much can I save by bundling my policies?
  • When would I need rental car insurance?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and enter your zip code. It only takes a few minutes and can help protect your family.

Insurance policy specifics

Having a good grasp of insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages found on most insurance policies.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for prosthetic devices, X-ray expenses, surgery and nursing services. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like crashing into a ditch, sustaining damage from a pot hole and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision – This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as fire damage, vandalism, hitting a bird and hitting a deer. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Porsche 718 Cayman.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Auto liability – This coverage protects you from damage that occurs to a person or their property. This insurance protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability insurance covers things such as structural damage, court costs and bail bonds. How much liability should you purchase? That is up to you, but you should buy higher limits if possible.

Spend less. Save more.

We just covered quite a bit of information on how to compare 2018 Porsche 718 Cayman insurance prices online. The key concept to understand is the more companies you get rates for, the better chance you’ll have of finding cheap insurance. You may even find the best price on insurance is with some of the smallest insurance companies. Some small companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate and Progressive.

Cheap 2018 Porsche 718 Cayman insurance is definitely available on the web as well as from independent agents, so you need to quote insurance with both to have the best chance of lowering rates. A few companies may not provide rate quotes online and usually these small insurance companies only sell through independent insurance agencies.

When getting insurance quotes online, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where someone dropped comprehensive coverage or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy enough coverage at a price you can afford while not skimping on critical coverages.

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