Save Money on Porsche Cayenne Insurance in Irvine

Everyone knows that auto insurance companies don’t want you shop around. Consumers who shop around at least once a year are inclined to move their business because of the high probability of finding a lower-priced policy. A study showed that people who compared rates regularly saved about $865 annually compared to those who never shopped around for better prices.

If finding the lowest price for Porsche Cayenne insurance is your objective, then knowing how to compare car insurance can save time and make the process easier.

It takes a little time, but the best way to find better pricing on car insurance rates in Irvine is to start doing a yearly price comparison from insurance carriers in California. This can be done by following these steps.

• Step 1: Learn about the coverage provided by your policy and the things you can change to keep rates in check. Many rating factors that result in higher rates such as tickets, at-fault accidents, and a not-so-good credit score can be rectified by making minor changes to your lifestyle.
• Step 2: Request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO or Allstate, while independent agents can quote rates from multiple sources.
• Step 3: Compare the new quotes to your existing coverage and see if you can save money. If you find a lower rate quote and decide to switch, ensure coverage does not lapse between policies.

The critical component of shopping around is that you’ll want to compare identical limits and deductibles on every quote request and and to analyze as many companies as you can. This ensures an apples-to-apples comparison and a good representation of prices.

If you have a current car insurance policy or are shopping for new coverage, you can learn to save money and still get good coverage. Finding affordable car insurance coverage in Irvine can be easy if you know a few tricks. You just have to use the tricks to get comparison quotes over the internet.

Car insurance providers offering affordable rates in California

The following companies offer quotes in California. If you wish to find cheaper car insurance in Irvine, we suggest you visit several of them in order to get a fair rate comparison.

Detailed insurance information

The rate table below showcases a range of coverage costs for Porsche Cayenne models. Knowing how insurance prices are figured is important for making smart choices when comparing insurance quotes.

Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Rate quotes do not factor in specific location information which can alter price quotes greatly.

Deductible comparison

One of the hardest decisions when shopping for insurance is how high should the physical damage coverage deductibles be. The data tables below outline the rate differences when you buy lower versus higher coverage deductibles. The first rate quote example uses a $250 deductible and the second set of prices uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Premium amounts do not factor in specific garaging location which can increase or decrease coverage prices noticeably.

Based on these figures, using a $250 deductible costs approximately $27 more each month or $324 a year than selecting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to have more than 9 months between claims, you would probably be better off by selecting a higher deductible.

Insurance cost for men versus women in Irvine

The illustration below shows the comparison of Porsche Cayenne insurance costs for male and female drivers. The rates are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, marital status is single, and no discounts are taken into consideration.

Full coverage rates compared to liability-only

The illustration below visualizes the comparison of Porsche Cayenne insurance costs when comparing full coverage to liability only. The data assumes no claims, a clean driving record, $100 deductibles, drivers are not married, and no discounts are applied.

When to stop buying full coverage

There is no set rule for dropping full coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s pretend your Porsche Cayenne replacement value is $8,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $7,000 after the deductible is paid. If it’s costing you more than $700 a year for full coverage, then it may be the right time to buy liability only.

There are a few situations where buying only liability insurance is not advised. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not buy liability only.

Get cheaper rates by getting discounts

The cost of insuring your cars can be expensive, but there are discounts available to help offset the cost. Some discounts will apply when you purchase, but less common discounts must be requested specifically before they will apply. If you’re not getting every credit you qualify for, it’s possible you qualify for a lower rate.

• Irvine Homeowners Discount – Owning a house in Irvine may earn you a small savings because of the fact that having a home demonstrates responsibility.
• Discount for New Cars – Adding a new car to your policy is cheaper because new model year vehicles keep occupants safer.
• Anti-lock Brake Discount – Vehicles with ABS braking systems or traction control can avoid accidents and will save you 10% or more on Cayenne insurance in Irvine.
• Active Military Service – Having an actively deployed family member may lower your car insurance rates slightly.
• Seat Belts Save – Requiring all passengers to buckle up before driving could save 15% off the PIP or medical payment premium.
• Accident Forgiveness Coverage – This isn’t a discount exactly, but companies like Allstate, Progressive, and GEICO allow you one accident without getting socked with a rate hike if you have no claims prior to the accident.
• Federal Government Employee – Having worked for a branch of the government could cut as much as 10% off with a few car insurance companies.
• Memberships – Belonging to specific professional or occupational memberships or organizations is a simple method to lower premiums on your next car insurance statement.

As a disclaimer on discounts, many deductions do not apply to the entire policy premium. Some only apply to individual premiums such as collision or personal injury protection. So when it seems like you could get a free car insurance policy, nobody gets a free ride. But any discount will help reduce your policy cost.

The diagram below shows the comparison of Porsche Cayenne auto insurance rates with and without discounts applied to the rates. The price estimates are based on a female driver, no violations or claims, California 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, multi-policy, homeowner, multi-car, safe-driver, and marriage discounts applied.

A list of car insurance companies and their offered discounts are outlined below.

• GEICO offers discounts including multi-vehicle, daytime running lights, federal employee, defensive driver, anti-theft, and multi-policy.
• Travelers offers discounts for good student, multi-policy, new car, payment discounts, multi-car, and home ownership.
• Farm Bureau policyholders can earn discounts including 55 and retired, multi-vehicle, renewal discount, multi-policy, youthful driver, good student, and driver training.
• Liberty Mutual may offer discounts for exclusive group savings, newly married, new vehicle discount, preferred payment discount, hybrid vehicle, and new move discount.
• American Family includes discounts for defensive driver, good student, bundled insurance, accident-free, good driver, TimeAway discount, and air bags.
• Progressive may include discounts for homeowner, continuous coverage, online quote discount, multi-vehicle, online signing, and multi-policy.

Before purchasing a policy, check with all the companies which discounts can lower your rates. Some of the discounts discussed earlier might not be offered on policies in Irvine.

How to Lower Your Insurance Premiums

Lots of factors are part of the equation when you quote your car insurance policy. Most are fairly basic like an MVR report, but other factors are more transparent like your continuous coverage or your commute time. An important part of buying insurance is that you know some of the elements that go into determining the rates you pay for car insurance. When consumers understand what determines base rates, this enables you to make decisions that can earn you much lower annual insurance costs.

Listed below are most of the major factors used by insurance companies to determine rates.

• Don’t cancel your car insurance without a new one in place – Allowing your coverage to lapse is a quick way to bump up your car insurance costs. In addition to paying higher rates, failure to provide proof of insurance may result in a license revocation or jail time.
• High claims frequency drives up prices – If you’re an insured who likes to file claims you should expect either a policy non-renewal or much higher rates. Insurance companies in California provide the lowest premiums to drivers who do not file claims often. Insurance coverage is meant to be used in the event of claims that pose a financial burden.
• The higher your credit rating the lower your prices – Credit score factor in determining what you pay. Consumers who have excellent credit tend to file fewer claims than those with bad credit. If your credit can be improved, you could pay less to insure your Porsche Cayenne if you clean up your credit.

• Premiums are lower the older you get – Youthful drivers in California have a tendency to be more careless in a vehicle therefore car insurance rates are much higher. Parents adding a teen driver to your car insurance policy can be quite pricey. Older people tend to be more responsible, tend to file fewer claims, and usually have better credit.

  The following data assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.

• Avoid traffic tickets – A bad driving record has a lot to do with how much you pay for insurance. Attentive drivers have lower premiums as compared to those with violations. Having just one moving violation could increase your next policy renewal twenty percent or more. Drivers who have serious tickets like DUI or willful reckless driving might be required by their state to submit a SR-22 form with their state’s department of motor vehicles in order to legally drive a vehicle.

  The chart below highlights how traffic violations and at-fault accidents can affect Porsche Cayenne insurance premiums for each different age category. The information is based on a married female driver, full coverage, $250 deductibles, and no discounts are taken into consideration.

• Lower deductibles cost more – Insurance for physical damage, also called ‘full coverage’, is used to repair damage to your Porsche. Examples of some claims that would be covered are a windshield shattered by a rock, damage caused by hail, and damage from a fallen tree branch. The deductibles are how much you are required to spend out-of-pocket if a claim is determined to be covered. The more money you have to pay, the lower your rates will be.

• Porsche Cayenne claim statistics – Insurers include the past claim history for a vehicle to calculate a price that offsets possible losses. Models that the statistics show to have high amounts or severity of claims will have higher rates for specific coverages. The information below illustrates the loss history for Porsche Cayenne vehicles.

  For each policy coverage type, the claim probability for all vehicles, without regard to make or model, is equal to 100. Percentages below 100 imply a favorable loss record, while values that are above 100 show a trend for more claims or an increased chance of larger losses than average.

  
  

  Porsche Cayenne Insurance Claim Statistics

  Specific Porsche Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Porsche Cayenne 4dr 4WD	176	100	138	58	53	77
  Porsche Cayenne Hybrid 4dr 4WD	119

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Are insurance agencies obsolete?

Some people prefer to sit down with an agent and that is a personal choice. Good insurance agents can make sure you are properly covered and help file insurance claims. One of the benefits of getting online price quotes is the fact that you can find cheap auto insurance quotes but also keep your business local.

To find an agent, once you fill out this simple form, your insurance data gets sent to agents in your area who will give competitive quotes for your insurance coverage. There is no need to contact an agency because quoted prices will be sent immediately to your email address. If you have a need to get a price quote from a specific auto insurance provider, you just need to visit that company’s website to submit a rate quote request.

Deciding on a company should depend on more than just a cheap price quote. Any agent in Irvine should be willing to answer these questions.

• Will they give you a referral list?
• Will your rates increase after a single accident?
• Are they actively involved in the community?
• Do the companies they represent have a solid financial rating?
• Has the agent ever had any license suspensions?

Listed below is a short list of insurers in Irvine who can help you get comparison quotes for Porsche Cayenne insurance in Irvine.

View more agents

Upon receiving good responses to all your questions and a good coverage price, you’ve probably found an insurance company that can service your policy.

Best auto insurance in California

Ending up with the right car insurance company can be a challenge considering how many different companies sell coverage in Irvine. The information in the lists below may help you select which car insurance providers to look at when comparing rate quotes.

Top 10 Irvine Car Insurance Companies Overall

1. USAA
2. American Family
3. AAA of Southern California
4. State Farm
5. The Hartford
6. AAA Insurance
7. GEICO
8. The General
9. Titan Insurance
10. Progressive

In conclusion

We just covered quite a bit of information on how to reduce Porsche Cayenne insurance premium rates online in Irvine. It’s most important to understand that the more companies you get prices for, the better chance you’ll have of finding affordable Irvine auto insurance quotes. Consumers may even find the lowest premium rates are with a small local company. Regional companies may often insure only within specific states and give better rates than their larger competitors like Allstate or State Farm.

Cheaper car insurance in Irvine can be found both online as well as from insurance agents, and you need to comparison shop both to have the best selection. Some companies may not have online rate quotes and most of the time these smaller companies prefer to sell through independent agents.

Additional learning opportunities

• Automakers compete to add autobraking (Insurance Institute for Highway Safety)
• Who Has Affordable Irvine Auto Insurance Rates for a Chevrolet Equinox? (FAQ)
• Determining Auto Insurance Rates (GEICO)
• Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
• Protect Yourself Against Auto Theft (Insurance Information Institute)
• Five Tips to Save on Auto Insurance (Insurance Information Institute)