How to Save on Lexington Porsche Cayman Insurance

Insurance rates Porsche Cayman in LexingtonFrustrated by the number of insurance sources that you can choose from? Kentucky consumers have so many choices that it can really be a ton of work to find the lowest price for Porsche Cayman insurance in Lexington. Everyone knows that Lexington is an awesome place to live, but expensive insurance premiums can make it impossible to buy proper levels of coverage.

How to find more affordable Porsche Cayman insurance in Lexington

If you want to save money, the best way to find affordable quotes for Porsche Cayman insurance in Lexington is to start comparing rates regularly from insurance carriers who provide auto insurance in Kentucky. Drivers can shop around by following these steps.

  1. Get an understanding of auto insurance and the measures you can control to drop your rates. Many things that are responsible for high rates such as distracted driving and a not-so-good credit score can be remedied by making minor changes to your lifestyle. This article provides the details to help reduce premium rates and get discounts that may be overlooked.
  2. Request price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from a single company like Progressive or Allstate, while independent agencies can quote rates for many different companies.
  3. Compare the quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find a lower rate quote and decide to switch, make sure coverage is continuous and does not lapse.

An important part of this process is to compare the same deductibles and limits on each price quote and and to get price estimates from all possible companies. Doing this helps ensure a fair rate comparison and plenty of rates choose from.

It’s amazing but a large majority of insurance policyholders kept their coverage with the same insurance company for well over three years, and roughly 40% of drivers have never shopped around. Most drivers in Kentucky can cut their rates by as much as $631 a year by just comparing quotes, but they underestimate how much money they would save if they replace their high priced policy.

It’s important to take a look at other company’s rates occasionally because rates are usually higher with each renewal. Even if you got the best premium rates on Porsche Cayman insurance in Lexington a few years ago you can probably find a lower rate today. Forget all the misinformation about insurance because you’re going to get a crash course in the quickest way to find lower rates on insurance.

These tips will tell you how auto insurance companies operate and some money-saving tips. If you have a current auto insurance policy, you will surely be able to shop for the lowest rates using the tips covered below. But Kentucky vehicle owners do need to understand how companies price insurance differently because rates fluctuate considerably.

Cheapest car insurance in Lexington, KY

The car insurance companies shown below can provide quotes in Lexington, KY. To buy cheap car insurance in Lexington, we recommend you get prices from several of them to get a more complete price comparison.

Car insurance data for a Porsche Cayman

The rate information displayed next outlines different insurance policy prices for Porsche Cayman models. Having insight into how policy premiums are formulated can aid in making decisions on which coverage to buy.

Porsche Cayman Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $246 $410 $428 $26 $128 $1,238 $103
Cayman S 2-Dr Coupe $246 $458 $428 $26 $128 $1,286 $107
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate quotes do not factor in specific Lexington garaging location which can influence auto insurance rates considerably.

Raise deductibles and save

When shopping for car insurance, a common question is the level to set your comp and collision deductibles. The comparison tables below can help you understand the price difference of buying low and high insurance deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second price chart uses a $500 deductible.

Porsche Cayman insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $350 $652 $326 $20 $98 $1,471 $123
Cayman S 2-Dr Coupe $350 $728 $326 $20 $98 $1,547 $129
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Porsche Cayman insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $284 $526 $326 $20 $98 $1,254 $105
Cayman S 2-Dr Coupe $284 $588 $326 $20 $98 $1,316 $110
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate quotes do not factor in specific garaging location which can raise or lower premium rates considerably.

Based on this data, using a $250 deductible costs roughly $18 more each month or $216 for a full year averaged for all Cayman models 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 normally average at a minimum 14 months between claims, you would probably be better off if you choose a higher deductible.

The chart below illustrates how choosing a deductible and can raise or lower Porsche Cayman insurance premiums for different categories of driver ages. The premiums assume a single female driver, full coverage, and no discounts are applied.

How Insurers Determine Porsche Cayman Insurance Rates

The best way to find cheaper auto insurance is to take a look at a few of the rating criteria that aid in calculating your premiums. When consumers understand what impacts premium levels, this allows you to make good choices that can earn you cheaper rates.

Discounts can help lower rates on Porsche Cayman insurance in Lexington

Some companies don’t always publicize all discounts in a way that’s easy to find, so the next list breaks down both the well known and also the lesser-known savings tricks you should be using when you buy Lexington auto insurance online. If you do not double check each discount possible, you could be saving more on your insurance.Save money with discounts

As a disclaimer on discounts, most discounts do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as liability and collision coverage. Even though the math looks like all those discounts means the company will pay you, insurance companies wouldn’t stay in business. But any discount will help reduce your policy cost.

The diagram below shows the comparison of Porsche Cayman insurance prices with and without discounts applied to the rates. The data is based on a female driver, no claims or driving citations, Kentucky state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, marriage, claim-free, and multi-policy discounts applied.

Auto insurance companies that may offer these discounts include:

When quoting, ask every prospective company how many discounts you can get. A few discounts may not apply to policyholders in every state. To find insurers with the best discounts in Lexington, click here.

Compare rates but work with a neighborhood Lexington auto insurance agent

Certain consumers prefer to sit down and talk to an agent and there is nothing wrong with that. The best thing about comparing rates online is that you can obtain the lowest rates and also buy local. Buying from local insurance agencies is especially important in Lexington.

Find insurance agent in LexingtonFor easy comparison, once you complete this simple form, your insurance data gets sent to insurance agents in Lexington who want to provide quotes for your insurance coverage. You don’t have to even leave your home because prices are sent immediately to your email address. You can find the lowest rates AND an agent nearby. If you wish to get a price quote from a specific insurance company, just find their quoting web page and fill out the quote form the provide.

Do you need an independent or exclusive auto insurance agent?

If you’re trying to find a good Lexington insurance agent, it’s important to understand the different agency structures and how they differ in how they can insure your vehicles. Agents in Lexington can be described as either independent agents or exclusive agents depending on their employer.

Independent Agents

Agents that choose to be independent do not have single company limitations so they have the ability to put coverage through many different insurance companies and find you the best rates. To transfer your coverage to a different company, the agent simply finds a different carrier and the insured can keep the same agent. When shopping rates, we highly recommend that you get quotes from a few independent agents in order to have the best price comparison. They often place coverage with additional companies that you may not be familiar with that many times have cheaper rates.

Listed below is a short list of independent insurance agencies in Lexington who can help you get free insurance rate quotes.

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Exclusive Insurance Agencies

These type of agents are contracted to one company such as State Farm, Allstate, and Farm Bureau. Exclusive agencies are unable to give you multiple price quotes so they have to upsell other benefits. They are very knowledgeable on their company’s products which helps them sell on service rather than price. A lot of people buy from the same agent for years primarily because of the brand name and the convenience of having a single billing for all their coverages.

Listed below is a list of exclusive insurance agencies in Lexington who can help you get price quotes.

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Finding a good insurance agency requires you to look at more than just a cheap price. These are valid questions to ask:

Lexington car insurance company ratings

Picking a good quality car insurance company is hard considering how many different companies insure vehicles in Lexington. The rank data listed below can help you choose which car insurance providers to look at shopping your coverage with.

Top 10 Lexington Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Allstate
  3. Nationwide
  4. State Farm
  5. GEICO
  6. Liberty Mutual
  7. American Family
  8. Esurance
  9. AAA Insurance
  10. The Hartford

Top 10 Lexington Car Insurance Companies Ranked by Value

  1. Travelers
  2. American Family
  3. AAA Insurance
  4. Safeco Insurance
  5. Progressive
  6. The Hartford
  7. Erie Insurance
  8. The General
  9. Esurance
  10. 21st Century

Different people need different car insurance coverages

When it comes to a policy for your vehicles, there really is no “perfect” insurance plan. Each situation is unique.Safe vehicles cost less to insure

For instance, these questions may help highlight if your situation would benefit from an agent’s advice.

If you’re not sure about those questions, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form.

Final considerations

Consumers who switch companies do it for any number of reasons including policy cancellation, high rates after DUI convictions, questionable increases in premium and lack of trust in their agent. It doesn’t matter what your reason, switching companies can be easy and end up saving you some money.

There are still a few companies who don’t offer rates over the internet and many times these small, regional companies prefer to sell through independent agents. More affordable auto insurance in Lexington is available both online and from local agencies, so you should compare both to have the best chance of lowering rates.

As you prepare to switch companies, it’s not a good idea to buy less coverage just to save a little money. In many cases, drivers have reduced uninsured motorist or liability limits only to find out that their decision to reduce coverage ended up costing them more. Your goal is to get the best coverage possible at an affordable rate while still protecting your assets.

How to find affordable quotes for Porsche Cayman insurance in Lexington

If saving the most money is your goal, then the best way to find the cheapest price for Porsche Cayman insurance in Lexington is to compare prices annually from providers who sell auto insurance in Kentucky. You can shop around by following these steps.

Step 1: Spend some time learning about what coverages are included in your policy and the measures you can control to prevent expensive coverage. Many rating factors that cause high rates such as getting speeding tickets and a bad credit score can be controlled by making minor driving habit or lifestyle changes.

Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from one company like GEICO or Allstate, while independent agencies can quote rates from multiple companies.

Step 3: Compare the quotes to the premium of your current policy and see if there is a cheaper rate in Lexington. If you can save money and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

A valuable tip to remember is to compare the same level of coverage on every quote and to quote with as many companies as possible. Doing this ensures a fair price comparison and a thorough price selection.

Much more information about auto insurance in Kentucky can be found at the links below