How Much Does 2023 Porsche 718 Boxster Insurance Cost 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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Do you get exhausted from scraping nickels together to keep your car insured? You are in the same boat as most other drivers. There are many insurers to buy insurance from, and even though it’s nice to be able to choose, it makes it harder to find the lowest rates.

You need to do price comparisons every six months since insurance prices are adjusted regularly by insurance companies. Just because you had the best deal for 718 Boxster insurance at your last renewal there is a good chance you can find better rate quotes now. Ignore everything you know about insurance because we’re going to demonstrate the right way to reduce your cost while improving coverage.

Quote Porsche 718 Boxster insurance more affordably

Many factors are used in the calculation when premium rates are determined. Some are obvious like a motor vehicle report, although others are less obvious like your vehicle usage or your financial responsibility.

The factors shown below are some of the most common factors used by your company to calculate your rate level.

  • File claims and pay more – Companies generally give lower rates to drivers who do not rely on their insurance for small claims. If you’re an insured who likes to file claims you can pretty much guarantee higher premiums or even policy non-renewal. Your insurance policy is intended to be relied upon for claims that you cannot pay yourself.
  • Is auto insurance cheaper for women or men? – Statistics have proven women tend to be less risk to insure than men. However, this does not mean males are worse at driving than females. Women and men have auto accidents in similar percentages, but the male of the species get into accidents with more damage. They also receive more costly citations like DWI (DUI) or reckless driving.
  • Do you really need roadside assistance? – There are a ton of optional add-on coverages you can purchase on your insurance coverage policy. Coverages for replacement cost coverage, accidental death, and additional equipment coverage could be just wasting money. These coverages may sound good when deciding what coverages you need, but now you might not need them so think about removing them and cutting costs.
  • Safer occupants lowers prices – Vehicles with high crash test scores can get you lower premiums. Vehicles built for safety result in less severe injuries and better occupant protection translates directly to fewer claims and lower rates for you.
  • Do you know you’re credit rating? – Credit history is a large factor in calculating your insurance coverage rates. Insureds with high credit scores tend to be better risks to insure than drivers who have lower credit scores. If your credit score can be improved, you could pay less to insure your 2023 Porsche 718 Boxster by taking the time to improve your credit score.
  • Older drivers pay less – Teen drivers tend to be inattentive and easily distracted in a vehicle so insurance coverage rates are higher. Older people tend to be more responsible, cause fewer claims and accidents , and are generally more financially stable.
  • Lower premiums with alarm systems – Buying a car with an alarm system can get you a discount on your insurance coverage. Systems that thwart theives such as OnStar, LoJack tracking, and tamper alarms all help prevent your car from being stolen.
  • Drive less and get lower premiums – The higher the mileage driven in a year the higher your rate. Most insurance companies price each vehicle’s coverage partially by how you use the vehicle. Vehicles left parked in the garage cost less to insure than those that get driven frequently. It’s a smart idea to ensure your insurance coverage coverage properly reflects the correct usage, because it can save money. Improper usage on your 718 Boxster may be wasting your money.

Free auto insurance price quotes

All major auto insurance companies provide coverage price quotes on their websites. Getting online quotes is pretty painless because it’s just a matter of typing in your required coverages as detailed in the form. Behind the scenes, their rating system orders your driving and credit reports and generates a price based on many factors. Online quotes makes comparing rates easy, but the time required to go to several different sites and type in the same information is a big time waster. But it’s also necessary to compare as many rates as possible if you are searching for better auto insurance pricing.

A more efficient way to find lower prices uses one form to return rates from many companies. The form is fast, eliminates repetitive work, and makes online shopping a little more enjoyable. As soon as you send your information, your coverage is rated and you can choose any of the resulting price quotes. If you find a better price you simply finish the application and purchase the new policy. This process takes just a few minutes to complete and may result in a nice savings.

To quickly fill out one form to compare multiple rates now, simply enter your zip code here and begin entering your coverage information. To compare your current rates, we recommend you replicate the insurance coverages as close as possible to your current policy. This way, you’re receiving a fair comparison based on the exact same insurance coverage.

Get cheaper insurance coverage with discounts

Buying insurance coverage is not cheap, but you may find discounts that many consumers don’t even know exist. Some of these discounts will be visible when you quote, but a few must be inquired about before you get the savings.

  • Good Student – Getting good grades could provide a savings of up to 20% or more. You can use this discount normally well after school through age 25.
  • Professional Memberships – Having an affiliation with qualifying employment or professional organizations could qualify you for a break on your next renewal.
  • Student Discount for Driver Training – Cut your cost by having your teen driver participate in a local driver’s education class as it can save substantially.
  • Anti-lock Brakes – Cars equipped with ABS or steering control are much safer to drive so you can save 10 percent or more.
  • Pay Early and Save – If you pay your entire premium ahead of time as opposed to paying monthly you could save up to 5%.
  • Resident Student – Kids who are enrolled in a college that is more than 100 miles from home and do not have a car may qualify for this discount.
  • Own a Home – Simply owning a home may trigger a policy discount on insurance coverage since owning and maintaining a home requires a higher level of personal finance.
  • Paper-free Discount – A few insurance coverage companies will give you a small discount for buying your policy on your computer.
  • Early Signing – A few insurance coverage companies allow discounts for signing up before your current expiration date. It could save around 10% when you buy auto insurance online.

We need to note that most of the big mark downs will not be given to the entire cost. Some only apply to specific coverage prices like comprehensive or collision. So when it seems like all those discounts means the company will pay you, companies don’t profit that way. But any discount should help reduce your premiums.

The best insurance coverage companies and a selection of discounts can be read below.

  • State Farm offers discounts for student away at school, defensive driving training, safe vehicle, good student, and Steer Clear safe driver discount.
  • American Family policyholders can earn discounts including multi-vehicle, good driver, air bags, accident-free, and mySafetyValet.
  • AAA discounts include anti-theft, education and occupation, pay-in-full, good driver, multi-policy, AAA membership discount, and multi-car.
  • GEICO may offer discounts for multi-policy, multi-vehicle, emergency military deployment, military active duty, and defensive driver.
  • Mercury Insurance offers discounts including annual mileage, multi-policy, low natural disaster claims, good student, professional/association, and anti-theft.
  • Farmers Insurance may have discounts that include electronic funds transfer, homeowner, youthful driver, switch companies, and good student.
  • Progressive offers premium reductions for online quote discount, multi-policy, homeowner, good student, online signing, and continuous coverage.

When quoting, ask every insurance company to give you their best rates. Discounts may not apply to policyholders in your area. To see a list of insurers with significant discounts, enter your zip code here.

Tailor your car insurance coverage to you

When choosing proper insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is a little different so your insurance should reflect that For example, these questions might help in determining if your situation might need an agent’s assistance.

  • Does my policy cover me when driving someone else’s vehicle?
  • I have a DUI can I still get coverage?
  • How do I file an SR-22 for a DUI in my state?
  • Is business equipment covered while in my vehicle?
  • Am I covered when driving a rental car?
  • How can I get high-risk coverage after a DUI?
  • What is the minimum liability in my state?
  • How do I buy GAP insurance?
  • Should I carry comprehensive and collision coverage?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out your zip code. It only takes a few minutes and can help protect your family.

Insurance specifics

Learning about specific coverages of insurance can help you determine the right coverages and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most insurance policies.

Comprehensive auto coverage

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as rock chips in glass, hitting a bird and damage from flooding. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like funeral costs, hospital visits, prosthetic devices, surgery and EMT expenses. They are often used in conjunction with a health insurance policy or if you do not have health coverage. They cover you and your occupants and also covers if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage

Coverage for collisions

Collision coverage pays for damage to your 718 Boxster resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like hitting a parking meter, crashing into a ditch and crashing into a building. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to bring the cost down.

Coverage for liability

This coverage protects you from damage that occurs to people or other property in an accident. It protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage protects against things such as bail bonds, structural damage, repair costs for stationary objects and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and damage to your Porsche 718 Boxster.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Compare but don’t skimp

We’ve covered quite a bit of information on how to compare 2023 Porsche 718 Boxster insurance rates online. It’s most important to understand that the more companies you get car insurance rates for, the better likelihood of getting cheaper auto insurance. Consumers could even find that the biggest savings come from a lesser-known regional company. Smaller companies may only write in your state and offer lower car insurance rates compared to the large companies like Progressive and GEICO.

Some insurance companies may not offer online quoting and usually these smaller providers work with independent agents. More affordable auto insurance can be sourced online in addition to local insurance agencies, and you need to comparison shop both to have the best chance of lowering rates.

When trying to cut insurance costs, it’s not a good idea to sacrifice coverage to reduce premiums. Too many times, an insured cut comprehensive coverage or liability limits to discover at claim time that it was a big mistake. Your goal should be to get the best coverage possible at an affordable rate and still be able to protect your assets.

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