Finding the cheapest Porsche Cayman insurance in Phoenix may seem complicated initially if you’ve never compared online price quotes. But don’t surrender to high rates because finding affordable coverage for Porsche Cayman insurance in Phoenix is easier than you think.
Sadly, a large majority of consumers kept buying from the same company for at least the last four years, and about 40% of consumers have never even compared rates from other companies. Arizona drivers could save almost 50% a year, but most just don’t grasp how much money they would save if they switch to a new company.
Best Porsche Cayman insurance prices in Arizona
The companies shown below have been selected to offer price comparisons in Arizona. If multiple companies are listed, we suggest you visit two to three different companies in order to find the most affordable rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayman 2-Dr Coupe | $154 | $320 | $288 | $18 | $86 | $866 | $72 |
| Cayman S 2-Dr Coupe | $254 | $528 | $306 | $18 | $92 | $1,198 | $100 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Price information does not factor in garaging location in Phoenix which can raise or lower prices noticeably.
Should you raise deductibles?
One of the most common auto insurance questions is how high or low should comp and collision deductibles be. The figures shown below approximate the rate differences when you buy lower versus higher physical damage coverage deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayman 2-Dr Coupe | $358 | $716 | $300 | $18 | $90 | $1,507 | $126 |
| Cayman S 2-Dr Coupe | $358 | $798 | $300 | $18 | $90 | $1,589 | $132 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayman 2-Dr Coupe | $198 | $376 | $300 | $18 | $90 | $982 | $82 |
| Cayman S 2-Dr Coupe | $198 | $420 | $300 | $18 | $90 | $1,026 | $86 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Price estimates do not factor in Phoenix location which can modify premium rates considerably.
Based on the above data, using a $100 deductible costs an average of $45 more each month or $540 a year than selecting the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 20 months between claim filings, you would more than likely save some money if you elect the higher deductible.
Auto insurance rates by gender and age
The information below shows the difference between Porsche Cayman insurance prices for male and female drivers. The information is based on no claims or violations, comp and collision included, $100 deductibles, drivers are single, and no discounts are factored in.
Get cheaper Porsche Cayman insurance in Phoenix with discounts
Insurance can cost an arm and a leg, but you can get discounts that can dramatically reduce your bill. Some of these discounts will be visible when you quote, but a few must be asked about in order for you to get them.
- Passenger Safety Discount – Vehicles equipped with air bags could see savings of 20 to 30 percent.
- Onboard Data Collection – Drivers that enable driving data submission to track driving manner remotely such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease as long as the data is positive.
- Distant Student – College-age children living away from Phoenix attending college and do not have a car may qualify for this discount.
- Student Driver Training – Have your child complete a driver education course in high school.
- Discounts for Good Drivers – Safe drivers may receive a discount up to 45% than less cautious drivers.
- Membership in Organizations – Having an affiliation with a professional or civic organization could earn you a nice discount when getting a Phoenix auto insurance quote.
- More Vehicles More Savings – Buying coverage for multiple cars on one policy can get a discount on all vehicles.
- Seat Belt Usage – Drivers who always wear seat belts and also require passengers to buckle up before driving can save up to 15% off the medical payments premium.
- Accident Forgiveness Coverage – This one isn’t a discount, but companies like Libery Mutual, GEICO and Allstate may permit one accident without the usual rate increase with the catch being you have to be claim-free for a particular time prior to the accident.
- Home Ownership Discount – Being a homeowner can get you a discount due to the fact that maintaining a home requires a higher level of personal finance.
A quick disclaimer, some credits don’t apply to the whole policy. Some only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like all those discounts means the company will pay you, company stockholders wouldn’t be very happy.
To find insurance companies who offer free Porsche Cayman insurance quotes in Arizona, click this link.
Why You Might Pay Higher Rates in Phoenix
The best way to find cheaper insurance is to take a look at the different types of things that help calculate your premiums. When you know what positively or negatively influences your rates, this helps enable you to make changes that may reward you with lower premium levels. Many different elements are taken into consideration when you get your auto insurance bill. Some are pretty understandable such as your driving history, but other factors are less obvious like your continuous coverage or your vehicle rating.
The itemized list below are a few of the “ingredients” utilized by car insurance companies to help set your rates.
More stress means more cost – Careers like doctors, business owners and financial analysts usually pay higher rates than average attributed to high stress levels and lots of time spent away from family. Other occupations such as professors, historians and homemakers pay the least.
Can a thief steal your car? – Choosing a vehicle with anti-theft technology or alarm system can help lower your premiums. Theft deterrent systems like OnStar, LoJack tracking, and tamper alarms all help prevent vehicle theft.
Premiums are high for teenagers – More experienced drivers have been proven to be more responsible, tend to file fewer claims, and tend to be get fewer driving tickets.Beginning drivers are statistically proven to be less responsible when driving with friends so insurance rates are higher.
Cheaper rates with safer cars – Vehicles that have high safety ratings tend to have better insurance rates. These vehicles result in less severe injuries and reduced instances of injuries means less money paid by your insurance company and more competitive rates for policyholders.
Insurance rates in urban areas – Residing in less populated areas of the country may provide you with better prices when it comes to insurance. Drivers who live in large cities have more auto accidents and more severe claims. Less people living in that area translates into fewer accident claims in addition to lower liability claims
Car insurance liability limits – The liability section of your policy is the protection when a court rules you are at fault for causing damage or personal injury in an accident. Your liability coverage provides for a legal defense to attempt to prove you were not liable. This coverage is relatively inexpensive compared to other policy coverages, so buy as much as you can afford.
When should you file a insurance claims? – Auto insurance companies in Arizona award the lowest premiums to policyholders who file claims infrequently. If you are a frequent claim filer, you can look forward to either higher rates or even cancellation. Your insurance policy is designed for the bigger claims that can’t be paid out-of-pocket.
Insurance loss data for a Porsche Cayman – Companies factor in insurance loss information to calculate a rate that offsets possible losses. Models that statistically have increased claim numbers or amounts will cost more for specific coverages.
The next table illustrates the historical insurance loss data for Porsche Cayman vehicles. For each insurance policy coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is equal to 100. Numbers shown that are under 100 suggest losses that are better than average, while values that are above 100 indicate a higher chance of having a claim or a tendency for losses to be larger than average.
Car Insurance Loss Data for Porsche Cayman Models
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Porsche Cayman 2dr | 183 | 40 | 99 | 36 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
When to get professional advice
When it comes to a policy for your personal vehicles, there is no single plan that fits everyone. Your financial needs are unique.
For instance, these questions might help in determining if you might need professional guidance.
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Why does it cost so much to insure a teen driver in Phoenix?
- Do I need special endorsements for business use of my vehicle?
- What policy terms are available?
- Are rental cars covered under my policy?
- Should I sign the liability waiver when renting a car?
- Where can I find high-risk insurance?
- Do I need replacement cost coverage?
If you can’t answer these questions, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form.
Car insurance agents near you
Some people still prefer to buy from a local agent and that is not a bad decision A nice benefit of getting online price quotes is that you can obtain cheap rate quotes but also keep your business local. Supporting local insurance agents is important particularly in Phoenix.
Upon completion of this form (opens in new window), the quote information is immediately sent to local insurance agents who will give you bids for your coverage. You won’t even need to find an agent on your own since rate quotes are delivered to you. You can find better rates and a licensed agent to talk to. If you wish to get a price quote from a specific car insurance provider, you would need to navigate to their website and fill out the quote form the provide.
Exclusive or Independent: There is a difference
When researching a reliable agent, there are two different types of agents and how they are distinctly different. Agencies in Phoenix can be described as either independent agents or exclusive agents.
Independent Insurance Agents
Agents in the independent channel are not limited to a single company so they can insure your vehicles through many different car insurance companies and find the cheapest car insurance rates. If your agent finds better pricing, your agent can just switch to a different company and that require little work on your part.
If you are trying to find cheaper rates, we recommend you include rate quotes from several independent insurance agents to maximize your price options. They often place coverage with lesser-known insurance companies which may have better rates.
Featured below are Phoenix independent insurance agencies who may provide price quotes.
- MiniCo Insurance Agency, LLC
10851 N Black Canyon Hwy #200 – Phoenix, AZ 85029 – (800) 528-1056 – View Map - Citywide Insurance
1529 W Thomas Rd – Phoenix, AZ 85015 – (602) 241-9200 – View Map - Farmer-Leavitt Insurance Agency
919 N 1st St – Phoenix, AZ 85004 – (602) 264-0566 – View Map
Exclusive Car Insurance Agencies
Exclusive agents can only provide pricing for a single company and examples are American Family, State Farm, and Allstate. Exclusive agents are unable to give you multiple price quotes so they have to upsell other benefits. Exclusive agencies are very knowledgeable on their company’s products which aids in selling service over price. Consumers often choose to use an exclusive agent primarily because of the brand name and the convenience of having all coverages with one company.
The following is a short list of exclusive agents in Phoenix that are able to give rate quotes.
- Jacob Rosell – State Farm Insurance Agent
2218 N 24th St – Phoenix, AZ 85008 – (602) 267-8200 – View Map - Severiano Torres III – State Farm Insurance Agent
1820 N 75th Ave #106 – Phoenix, AZ 85035 – (623) 846-0240 – View Map - Bob Schneider – State Farm Insurance Agent
243 W Portland St – Phoenix, AZ 85003 – (602) 277-2687 – View Map
Deciding on an auto insurance agent is decision based upon more than just the quoted price. These are some valid questions you should ask.
- Does the agency have a good rating with the Better Business Bureau?
- Is vehicle mileage a factor when determining depreciation for repairs?
- What are their preferred companies if they are an independent agency?
- Which company do they place the most coverage with?
- Can you choose the body shop in case repairs are needed?
- Did they already check your driving record and credit reports?
- Do you qualify for any additional discounts?
- When do they do a full risk review?
Do you really save 40% when you switch?
Well-known car insurance companies like Progressive, Allstate and GEICO constantly bombard you with television, radio, and online ads. All the companies advertise claims that you’ll save big if you just switch your coverage to them. How does every company lower your auto insurance rates? It’s all in the numbers.
Insurance companies require specific criteria for the type of customer that earns them a profit. For example, this type of driver might be described as between the ages of 40 and 55, carries high limits, and insures a new vehicle. A customer getting a price quote who matches those parameters receive the lowest rate quotes in Phoenix and will most likely save when switching.
Potential insureds who do not fit those standards may be required to pay higher premiums which results in the prospect going elsewhere. If you listen closely, the ads state “people that switch” not “everybody who quotes” will save that much if they switch. This is how insurance companies can advertise the savings.
This really emphasizes why you need to get price quotes at each policy renewal. It’s just too difficult to predict which car insurance company will give you the biggest savings.
Do the work, save more money
People switch companies for a variety of reasons including extreme rates for teen drivers, delays in responding to claim requests, unfair underwriting practices or high rates after DUI convictions. Whatever your reason, choosing a new company can be easy and end up saving you some money.
We covered a lot of ways to compare Porsche Cayman insurance car insurance rates in Phoenix. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even find the biggest savings come from an unexpected company.
As you prepare to switch companies, do not buy less coverage just to save a little money. Too many times, consumers will sacrifice collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase plenty of coverage for the lowest cost.
Helpful resources
- Choosing an Insurance Company (Insurance Information Institute)
- How Much are Phoenix Car Insurance Quotes for a GMC Sierra? (FAQ)
- Who Has Affordable Car Insurance Quotes for Retired Military in Phoenix? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Toyota Highlander in Phoenix? (FAQ)
- Credit and Insurance Scores (Insurance Information Institute)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Neck Injury FAQ (iihs.org)