Insurance quote for Porsche Cayman in ColumbiaDo you want to stop overpaying and find cheaper Porsche Cayman insurance in Columbia? Price shopping your Porsche Cayman insurance in Columbia is always quite difficult for people who are beginners to quoting and comparing prices online. With so many insurance agents and online companies, it can turn into a difficult challenge to find more affordable premium rates on Porsche Cayman insurance.

Sad but true, most drivers kept their policy with the same company for over three years, and practically 40% of auto insurance customers have never compared rates to find lower-cost insurance. Most drivers in South Carolina could pocket about 55% a year just by comparing rates, but most undervalue the amount of money they would save if they bought a different policy.

Compare quotes for Columbia Porsche Cayman insurance

Keep in mind that comparing more quotes increases the chance that you will find a lower rate.

The providers in the list below offer free quotes in South Carolina. If several companies are displayed, we recommend you visit as many as you can to get the lowest price.

Porsche Cayman Insurance Rates in Columbia, SC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $256 $538 $358 $22 $108 $1,282 $107
Cayman S 2-Dr Coupe $298 $614 $342 $20 $102 $1,376 $115
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Information does not factor in vehicle location which can impact price quotes considerably.

Liability only or full coverage

The illustration below examines Porsche Cayman yearly insurance costs with full physical damage coverage compared to only buying liability only. The premium estimates are based on no violations or accidents, $100 deductibles, married female driver, and no discounts are applied to the premium.

Should you be buying full coverage?

There is no definitive rule for eliminating physical damage insurance, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of the vehicle's replacement cost less your deductible, then it could be time to drop full coverage.

For example, let's assume your Porsche Cayman replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $2,000 after you pay the deductible. If you are paying over $200 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are some cases where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage.

Auto insurance premiums by gender

The chart below shows the comparison of Porsche Cayman car insurance rates for male and female drivers. The data assumes no claims or driving violations, full coverage, $250 deductibles, marital status is single, and no other discounts are factored in.

Physical damage deductibles: Should you raise them?

The hardest decision when buying coverage is which deductibles should you choose. The data tables below can help illustrate how much more you'll pay when you choose different deductibles. The first data table uses a $250 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Porsche Cayman insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $366 $682 $342 $20 $102 $1,537 $128
Cayman S 2-Dr Coupe $366 $762 $342 $20 $102 $1,617 $135
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Porsche Cayman insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $298 $550 $342 $20 $102 $1,312 $109
Cayman S 2-Dr Coupe $298 $614 $342 $20 $102 $1,376 $115
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and South Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in specific location information which can decrease or increase coverage prices significantly.

Based on the above data, using a $250 deductible could cost the average driver approximately $20 more each month or $240 for a full year than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally average more than 13 months between claim filings, you would save money if you opt for a higher deductible.

Discounts for cheaper insurance rates

Insurance is easily one of your largest bills, but there may be some discounts that you may not even be aware of. Some discounts will apply when you get a quote, but a few must be asked for before being credited.Cheaper insurance with discounts

While discounts sound great, it's important to understand that most discounts do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. So when the math indicates all the discounts add up to a free policy, insurance companies aren't that generous. Any amount of discount will bring down the amount you have to pay.

Companies and the discounts they provide are outlined below.

When getting free Columbia auto insurance quotes, it's a good idea to every insurance company how many discounts you can get. Depending on the company, some discounts may not apply to policies in Columbia. For a list of insurance companies that offer some of these discounts in Columbia, click this link.

Why You Might Pay Higher Rates in Columbia

Lots of things are part of the calculation when you quote your car insurance policy. Some are obvious such as your driving history, but other criteria are not quite as obvious like your vehicle usage or your vehicle rating. A large part of saving on car insurance is knowing some of the elements that come into play when calculating car insurance rates. If you have some idea of what influences your rates, this allows you to make educated decisions that may result in cheaper rates.

Listed below are some of the factors used by companies to determine prices.

Employer impacts rates - Careers like military personnel, executives and stock brokers tend to have higher average rates in part from high stress and long work hours. On the flip side, jobs like actors, engineers and retirees have lower than average premiums.

Defend yourself with liability coverage - The liability coverage on your policy will provide protection in the event that a jury decides you are liable for causing personal injury or damage in an accident. Liability provides you with a defense in court to attempt to prove you were not liable. Liability is cheap as compared to coverage for physical damage, so insureds should have plenty of protection for their assets.

Proper usage rating affects premiums - The more miles you rack up on your Porsche every year the higher your rates will be. The majority of insurers calculate prices based upon how you use the vehicle. Cars used primarily for pleasure use qualify for better rates than those used for commuting. Having the wrong rating on your Cayman may be costing you. Verify your car insurance coverage reflects the correct usage, because it can save money.

Know your credit score - A driver's credit history is a big factor in calculating your car insurance rates. Therefore, if your credit is lower than you'd like, you could potentially save money when insuring your Porsche Cayman by improving your credit score. Consumers who have very good credit scores tend to file fewer claims and have better driving records than those with lower credit ratings.

Vehicles with better crash test results means better prices - Vehicles that have high safety ratings tend to have lower insurance rates. Vehicles built for safety reduce the chance of injuries and lower rates of occupant injuries translates into savings for insurance companies and cheaper rates on your policy.

Save money with higher physical damage deductibles - Coverage for physical damage, aka comp and collision, is used to repair damage to your Porsche. Some examples of covered claims would be collision with another vehicle, hitting a deer, and damage caused by flying debris. The deductibles you choose state the amount of money you are willing to pay if a covered claim is submitted. The higher the amount you are required to pay out-of-pocket, the lower your rates will be.

Porsche Cayman insurance loss data - Companies use data from past claims when they file their rates in each state. Models that historically have a trend towards higher claims will cost more to insure.

The table shown below demonstrates the historical loss data for Porsche Cayman vehicles. For each policy coverage, the loss probability for all vehicles as a whole is set at 100. Values that are 100 or less mean the vehicle has better than average losses, while percentages above 100 point to more losses or a tendency for claims to be larger.

Insurance Loss Ratings for Porsche Cayman Vehicles

Specific Porsche Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Porsche Cayman 2dr 183 40 99 36
BETTER
AVERAGE
WORSE

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

Can't I compare rate quotes from local Columbia insurance agents?

Many people would prefer to visit with an insurance agent and that is not a bad decision A nice benefit of getting online price quotes is that drivers can save money and get cheaper prices and still have an agent to talk to.

Insurance agency in ColumbiaUpon completion of this form (opens in new window), the coverage information gets sent to local insurance agents that provide free Columbia auto insurance quotes for your auto insurance coverage. You won't even need to even leave your home as quotes are delivered directly to you. You can get cheaper auto insurance rates and a licensed agent to talk to. If you wish to get a comparison quote from a specific company, you just need to go to their quote page to submit a rate quote request.

Choosing the best insurer shouldn't rely on just a cheap quote. You should also get answers to these questions.

Exclusive or Independent: There is a difference

If you're trying to find local Columbia agents, there are two types of insurance agents and how they differ in how they can insure your vehicles. Auto insurance agents in Columbia may be either exclusive or independent agents depending on their company appointments.

Exclusive Auto Insurance Agents

Agents of this type can only quote rates from one company like State Farm, Allstate and AAA. Exclusive agents are unable to compare other company's rates so you need to shop around if the rates are high. Exclusive agents are usually quite knowledgeable on their company's products which can be an advantage. Consumers often use the same exclusive agent mostly because of the prominent brand name instead of buying on price only.

Shown below is a list of exclusive insurance agents in Columbia that can give you rate quotes.

More Columbia agents

Independent Agencies or Brokers

These type of agents can sell policies from many different companies and that allows them to write policies through many companies and find the cheapest auto insurance rates. If premiums increase, an independent agent can move your coverage and the insured can keep the same agent. If you are comparing auto insurance prices, we recommend you get some free quotes from a couple of independent agencies so that you have a good selection of quotes to compare. They often place coverage with different regional companies that may provide cheaper auto insurance rates.

The following are independent insurance agents in Columbia willing to provide price quotes.

More Columbia agents

When should I discuss my situation with an agent?

When buying the right insurance coverage, there isn't really a perfect coverage plan. Everyone's needs are different.Drive safe and save

For example, these questions may help you determine whether you will benefit from professional help.

If you can't answer these questions but you know they apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form.

The best rates come from being thorough

Consumers switch companies for many reasons like high prices, poor customer service, delays in paying claims and even not issuing a premium refund. No matter why you want to switch, switching car insurance companies can be less work than you think.

In this article, we presented a lot of ways to shop for Porsche Cayman insurance online. It's most important to understand that the more providers you compare, the better likelihood of getting cheaper Columbia auto insurance quotes. You may even be surprised to find that the lowest premium rates come from some of the smallest insurance companies.

Cheaper car insurance in Columbia can be found from both online companies and from local agencies, so you should be comparing quotes from both to get a complete price analysis. Some car insurance companies may not provide internet price quotes and many times these regional insurance providers sell through local independent agents.

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