Find Cheaper Porsche 911 Insurance in Lexington

Would you like to buy more affordable Porsche 911 insurance in Lexington? Did a good deal turn into an under-performing, overpriced car insurance policy? It’s quite common and you’re not the only one.

Sad but true, the vast majority of consumers have purchased from the same company for well over three years, and about 40% of consumers have never compared rates from other carriers. Lexington drivers could save 30% a year just by getting comparison quotes, but they don’t believe the benefits if they swap their current policy for a cheaper one.

How to find affordable quotes for Porsche 911 insurance in Lexington

It takes a little time, but the best way to quote cheaper car insurance rates is to do an annual price comparison from companies who sell insurance in Lexington. Prices can be compared by completing these steps.

• First, take a few minutes and learn about what is in your policy and the things you can control to keep rates in check. Many factors that are responsible for high rates such as accidents, traffic violations, and a poor credit score can be amended by making small lifestyle or driving habit changes.
• Second, compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or State Farm, while agents who are independent can give you price quotes for many different companies.
• Third, compare the quotes to your current policy premium to determine if you can save on 911 insurance in Lexington. If you find a lower rate and switch companies, make sure coverage is continuous and does not lapse.

One important bit of advice is to compare the same level of coverage on every quote and and to get price quotes from as many auto insurance providers as possible. Doing this provides a level playing field and a complete price analysis.

Due to the large number of options when it comes to car insurance, it can be hard to pick the best car insurance company.

The quickest method to get policy rate comparisons for Porsche 911 insurance in Lexington is to know the fact most of the bigger providers have advanced systems to compare rate quotes. The one thing you need to do is provide a small amount of information like whether or not you need a SR-22, an estimate of your credit level, the make and model of your vehicles, and your occupation. The data is then sent to all major companies and you will get price comparisons instantly to find the best rate.

To get price quotes for your Porsche 911 now, click here and complete the form.

The companies in the list below have been selected to offer price quotes in Lexington, KY. To locate cheap car insurance in Lexington, KY, we recommend you visit several of them to get the most affordable price.

Lexington insurance discounts for a Porsche 911

Auto insurance is easily one of your largest bills, but you may find discounts that you may not know about. Most are applied when you complete an application, but some must be specifically requested in order for you to get them.

• Discount for Swiching Early – Some auto insurance companies provide a discount for switching policies prior to the expiration date on your current 911 insurance policy. You can save around 10% with this discount.
• Defensive Driving Course – Participating in a driver safety course can save you 5% or more if your company offers it.
• Air Bag Discount – Vehicles equipped with air bags can get savings of 20% or more.
• More Vehicles More Savings – Purchasing coverage when you have more than one vehicle on the same auto insurance policy may reduce the rate for each vehicle.
• Drive Less and Save – Driving less could qualify for substantially lower prices.

You should keep in mind that most discounts do not apply to the entire policy premium. A few only apply to specific coverage prices like liability, collision or medical payments. So even though you would think it’s possible to get free car insurance, that’s just not realistic.

The chart below shows the difference between Porsche 911 insurance prices with and without discounts. The rates are based on a male driver, no accidents, no driving violations, Kentucky 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 homeowner, multi-car, safe-driver, claim-free, marriage, and multi-policy discounts applied.

A few of the larger companies and some of the premium reductions they offer are shown below.

• Mercury Insurance includes discounts for good student, professional/association, ease of repair, type of vehicle, location of vehicle, and annual mileage.
• Farmers Insurance may have discounts that include early shopping, mature driver, switch companies, homeowner, good student, and business and professional.
• Farm Bureau policyholders can earn discounts including 55 and retired, renewal discount, multi-policy, good student, youthful driver, multi-vehicle, and driver training.
• State Farm has discounts for Steer Clear safe driver discount, good student, accident-free, multiple policy, safe vehicle, and passive restraint.
• Allstate offers premium reductions for early signing, premier plus, teenSMART discount, anti-theft, defensive driver, and 55 and retired.
• GEICO has savings for daytime running lights, seat belt use, good student, military active duty, and federal employee.

When comparing rates, check with each company which discounts can lower your rates. Depending on the company, some discounts may not be offered in every state. If you would like to choose from a list of companies with discount rates in Lexington, follow this link.

Rates and information analytics

The data table displayed next highlights estimates of insurance prices for Porsche 911 models. Learning as much as possible about how insurance premiums are formulated can help you make smart choices when selecting a coverage provider.

Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Estimates do not factor in garaging location in Lexington which can decrease or increase prices substantially.

Where to set your deductibles

When buying insurance, a common question is which deductible level should you buy. The comparisons below summarize the differences in price when you select higher and lower physical damage deductibles. The first data table uses a $250 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Price estimates do not factor in zip code location which can lower or raise insurance rates considerably.

Based on this data, using a $250 deductible costs roughly $43 more each month or $516 every year than buying the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 17 months between claims, you would save money if you choose a higher deductible. The table below shows how you can make your own decision.

One big caveat is that a higher deductible level means you will have to pay more at claim time. That will require a higher level of savings in order to pay the deductible to have repairs made.

Age-based insurance rates by gender in Lexington

The illustration below shows the difference between Porsche 911 car insurance rates for male and female drivers. The information is based on no claims, a clean driving record, comprehensive and collision coverage, $100 deductibles, drivers are single, and no discounts are factored in.

Does full coverage make sense?

The diagram below visualizes the comparison of Porsche 911 auto insurance costs with liability coverage only compared to full coverage. The data is based on no violations or accidents, $250 deductibles, single marital status, and no other discounts are factored in.

Should you pay for full coverage?

There is no clear-cut rule of when to drop comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Porsche 911 replacement cost is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after the deductible is paid. If you are paying over $200 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are some scenarios where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should maintain full coverage.

Lexington Insurance Rates are Influenced by These Factors

Lots of factors are considered when premium rates are determined. Some are obvious like your driving record, but some are more transparent like your continuous coverage or how financially stable you are. It’s important that you understand the factors that play a part in calculating car insurance rates. If you have some idea of what influences your rates, this enables you to make decisions that can earn you big savings.

Better drivers pay the best costs – Getting just one moving violation can bump up the cost by as much as twenty percent. Drivers with clean records receive lower rates as compared to careless drivers. Drivers who get flagrant citations like DWI, reckless driving or hit and run convictions may need to maintain a SR-22 with their state motor vehicle department in order to continue driving.

The illustration below illustrates how speeding tickets and fender-benders can impact Porsche 911 insurance premiums for each different age group. The premium estimates are based on a single female driver, full coverage, $250 deductibles, and no additional discounts are factored in.

Rental and towing coverage may not be needed – There are a lot of extra coverages that may not really be needed on your car insurance policy. Coverage for things like rental car reimbursement, accidental death, and extra equipment coverage are examples of these. The coverages may be enticing when deciding what coverages you need, but your needs may have changed so remove them and pocket the money.

Your address can impact price – Choosing to live in less populated areas of the country is a positive aspect when shopping for auto insurance. People who live in big cities have more auto accidents and a longer drive to work. Less people means a lower chance of having an accident and also fewer theft and vandalism claims.

Don’t abuse car insurance claims – Car insurance companies in Kentucky give most affordable rates to policyholders who are claim-free. If you tend to file frequent claims, you can look forward to much higher rates or policy non-renewal. Auto insurance is designed for major claims that would cause financial hardship.

Porsche 911 claim probability – Car insurance companies take into consideration historical loss data for every vehicle to help determine rates. Models that tend to have higher number or severity of losses will have higher rates for specific coverages. The next table shows the collected loss data for Porsche 911 vehicles.

For each coverage category, the loss probability for all vehicles as a whole equals 100. Percentages below 100 imply a favorable loss record, while numbers shown that are more than 100 indicate frequent claims or statistically larger claims.