Do you want an efficient way to compare lower-priced auto insurance rates in Las Vegas, NV? Las Vegas buyers have lots of choices when searching for low-cost Porsche Cayman insurance. They can either waste time driving around getting price quotes or save time using the internet to find the lowest rates.
There are both good and bad ways to find auto insurance online so we're going to tell you the absolute fastest way to compare rates for your Porsche and locate the best price possible either online or from Las Vegas insurance agents.
Consumers need to compare prices every six months because insurance rates go up and down regularly. If you had the lowest rate on Porsche Cayman insurance in Las Vegas last year you will most likely find a better price today. Forget all the misinformation about auto insurance because I'm going to teach you the tricks you need to know to find better rates and still maintain coverage.
Best companies for low-cost Porsche Cayman insurance in Nevada
The companies in the list below are ready to provide free rate quotes in Las Vegas, NV. If several companies are displayed, it's highly recommended you visit two to three different companies to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Cayman 2-Dr Coupe||$254||$512||$290||$18||$86||$1,160||$97|
|Cayman S 2-Dr Coupe||$334||$754||$318||$18||$96||$1,520||$127|
|Get Your Own Custom Quote Go|
Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Price information does not factor in your specific Las Vegas location which can raise or lower premium rates noticeably.
Difference between liability only and full coverage rates
The chart below examines Porsche Cayman insurance prices with full physical damage coverage and with liability coverage only. The price estimates are based on no claims or driving violations, $500 deductibles, single male driver, and no discounts are applied.
When to switch to liability coverage only
There is no exact rule to drop full coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let's pretend your Porsche Cayman replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If you are paying more than $700 annually to have full coverage, then it's probably a good time to buy liability coverage only.
There are a few cases where buying only liability insurance is not a good idea. If you haven't satisfied your loan, you have to carry full coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Comparison of auto insurance rates by age and gender
The illustration below shows the comparison of Porsche Cayman auto insurance costs for male and female drivers. The costs are based on no accidents or driving violations, comprehensive and collision coverage, $250 deductibles, drivers are single, and no discounts are taken into consideration.
Score discounts on Las Vegas auto insurance
Some insurance providers do not advertise every possible discount in an easy-to-find place, so here is a list some of the best known in addition to some of the lesser obvious credits that you can use to lower your rates.
- Organization Discounts - Having an affiliation with specific professional or occupational memberships or organizations could earn you a nice discount on auto insurance.
- Payment Method - If you can afford to pay the entire bill instead of monthly or quarterly installments you can avoid monthly service charges.
- Senior Citizen Discount - Mature drivers could receive a discount up to 10%.
- Bundled Policy Discount - If you combine your auto and home policies with the same company you may earn at least 10% off all policies.
- Student Discount for Driver Training - It's a good idea to have your young drivers enroll in driver's education in school or through a local driver safety program.
- E-sign Discounts - A few insurance companies will give a small break get Las Vegas car insurance on their website.
- Renewal Discounts - Select insurance companies give a discount for switching policies prior to your current Cayman insurance policy expiration. This can save 10% or more.
- Defensive Driver - Taking part in a course in driver safety could cut 5% off your bill and easily pay for the cost of the class.
Discounts save money, but please remember that most discounts do not apply to the overall cost of the policy. Some only reduce specific coverage prices like liability and collision coverage. Despite the fact that it seems like you can get free auto insurance, nobody gets a free ride.
To view insurance companies that offer the discounts shown above in Las Vegas, click this link.
When do I need to get advice from an insurance agent?
Many people just prefer to get professional advice from a licensed agent and that is a personal choice. Good agents are highly skilled in risk management and help file insurance claims. One of the benefits of comparing rate quotes online is that drivers can save money and get lower rates and still have an agent to talk to. Buying insurance from local agents is especially important in Las Vegas.
By using this quick form, your insurance coverage information is emailed to agents in your area that can give you free Las Vegas car insurance quotes for your insurance coverage. It's much easier because you don't need to find an agent on your own since price quotes are sent straight to your inbox. In the event you want to get a comparison quote from a specific insurance provider, you can always visit that company's website and submit a quote form there.
Choosing the best insurer needs to be determined by more than just the premium amount. Any agent in Las Vegas should have no problem answering these questions:
- Which companies can they place coverage with?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Are aftermarket or OEM parts used to repair vehicles?
- How long have they been in business?
- Will their companies depreciate repairs to your car based on the mileage?
- Are they able to influence company decisions when a claim is filed?
Brand name doesn't guarantee savings
Nevada consumers can't get away from all the ads for cheaper auto insurance by State Farm, GEICO and Progressive. All the companies tend to make the same promise about saving some big amount if you switch your coverage.
How is it plausible that every one can offer you a better deal on Porsche Cayman insurance in Las Vegas? This is the trick they use.
All the different companies have underwriting criteria for the type of customer that will not have excessive claims. For example, a driver they prefer may need to be between the ages of 30 and 50, has a clean driving record, and drives a lower-performance vehicle. A customer who fits those characteristics will get very good Las Vegas prices and therefore will save a lot of money.
Potential insureds who are not a match for these criteria must pay more expensive rates and this can result in the driver buying from a lower-cost company. If you pay close attention to the ads, they say "people who switch" not "everyone that quotes" save the amount stated. That is how insurance companies can confidently advertise the way they do.
Because of this risk profiling, you need to quote coverage with many companies. It's just too difficult to predict the company that will have the best premium rates for your profile.
Educate yourself about auto insurance coverages
Having a good grasp of your auto insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and reading a policy is terribly boring.
Comprehensive (Other than Collision)
This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as a broken windshield, falling objects, a tree branch falling on your vehicle and damage from getting keyed. The highest amount your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage pay for expenses for things like chiropractic care, X-ray expenses, doctor visits, prosthetic devices and pain medications. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
Liability car insurance
This provides protection from damages or injuries you inflict on other's property or people in an accident. This coverage protects you against claims from other people, and doesn't cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 15/30/10 that means you have a $15,000 limit per person for injuries, a limit of $30,000 in injury protection per accident, and a total limit of $10,000 for damage to vehicles and property. Some companies may use a combined limit which limits claims to one amount with no separate limits for injury or property damage.
Liability insurance covers things such as court costs, loss of income, funeral expenses, medical services and repair bills for other people's vehicles. How much liability coverage do you need? That is a decision to put some thought into, but it's cheap coverage so purchase higher limits if possible. Nevada state law requires minimum liability limits of 15/30/10 but drivers should carry more liability than the minimum.
Collision coverage protection
This covers damage to your Cayman from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like rolling your car, hitting a parking meter, driving through your garage door, crashing into a building and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible on your Cayman to bring the cost down.
Protection from uninsured/underinsured drivers
This coverage protects you and your vehicle from other motorists when they are uninsured or don't have enough coverage. Covered claims include injuries sustained by your vehicle's occupants as well as damage to your Porsche Cayman.
Since many Nevada drivers have only the minimum liability required by law (Nevada limits are 15/30/10), their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually these coverages are set the same as your liability limits.
Persistence is the key to cheap rates
As you go through the steps to switch your coverage, do not reduce coverage to reduce premium. There are a lot of situations where an insured cut physical damage coverage and learned later that the few dollars in savings costed them thousands. Your objective should be to get the best coverage possible at the best possible price while still protecting your assets.
Lower-priced Porsche Cayman insurance in Las Vegas is possible both online as well as from independent agents in Las Vegas, so get free Las Vegas car insurance quotes from both of them to get a complete price analysis. Some insurance companies may not provide the ability to get a quote online and most of the time these regional insurance providers prefer to sell through independent agencies.
We've covered some good ideas how to lower your Porsche Cayman insurance premium rates in Las Vegas. The key concept to understand is the more price quotes you have, the better chance you'll have of finding low cost Las Vegas car insurance quotes. Consumers may even find the lowest priced auto insurance comes from a small local company.
More tips and info about auto insurance can be read in these articles:
- Vehicle Insurance in the U.S. (Wikipedia)
- Who Has Affordable Auto Insurance for Teachers in Nevada? (FAQ)
- Who Has Cheap Auto Insurance Rates for 18 Year Olds in Nevada? (FAQ)
- Who Has Affordable Nevada Auto Insurance Quotes for Drivers Under 25? (FAQ)
- Who Has the Cheapest Nevada Car Insurance Quotes for a Mazda CX-7? (FAQ)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Frontal Crash Tests (iihs.org)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Five Mistakes to Avoid (Insurance Information Institute)