Insurance quote for Porsche Cayman in HonoluluWould you like to stop overpaying and find the cheapest Porsche Cayman insurance in Honolulu? No car owner rejoices having to buy insurance, especially when the prices are way too high.

It's amazing but nearly 70% of Hawaii drivers have bought insurance from the same company for at least the last four years, and virtually 40% of consumers have never even shopped around for cheaper coverage. American drivers can save $850 each year just by getting comparison quotes, but they think it's difficult to compare rates.

Lots of insurance companies contend to insure your vehicles, and because of this it can be hard to compare car insurance companies and uncover the absolute lowest rate on Porsche Cayman insurance in Honolulu.

It's smart to get comparison quotes yearly because insurance prices are rarely the same from one policy term to another. Despite the fact that you may have had the best deal on Porsche Cayman insurance in Honolulu six months ago you can probably find a better rate now. Forget all the misinformation about insurance because you're going to learn the fastest way to save on insurance.

If you have car insurance now, you stand a good chance to be able to buy cheaper car insurance using these methods. Choosing the best rates in Honolulu is not that difficult. But Hawaii drivers must know how companies market insurance on the web.

Companies offering Porsche Cayman insurance in Hawaii

The companies shown below provide quotes in Hawaii. If multiple companies are listed, it's a good idea that you visit two to three different companies in order to find the most competitive rates.

Porsche Cayman Insurance Cost Estimates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $150 $326 $300 $18 $90 $884 $74
Cayman S 2-Dr Coupe $258 $544 $272 $16 $82 $1,172 $98
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Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price estimates do not factor in the specific area where the vehicle is garaged which can raise or lower premiums noticeably.

Rate difference between full and liability-only coverage

The example below illustrates the difference between Porsche Cayman car insurance rates when comparing full coverage to state minimum liability only. The data assumes no claims or driving citations, $250 deductibles, married female driver, and no policy discounts are applied.

Should you pay for full coverage?

There is no set rule of when to drop physical damage insurance, but there is a guideline you can consider. If the yearly cost of full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let's pretend your Porsche Cayman replacement value is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $6,000 after you pay the deductible. If you are currently paying more than $600 a year for physical damage coverage, then it might be time to buy liability only.

There are some scenarios where dropping physical damage coverage is not a good plan. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage.

Policy deductibles

One of the most common car insurance questions is how high should the physical damage deductibles be. The rates shown below can help show the price difference of buying low and high coverage deductibles. The first rate table uses a $100 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.

Porsche Cayman insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $316 $632 $264 $16 $80 $1,333 $111
Cayman S 2-Dr Coupe $316 $704 $264 $16 $80 $1,405 $117
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Porsche Cayman insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $230 $426 $264 $16 $80 $1,016 $85
Cayman S 2-Dr Coupe $230 $476 $264 $16 $80 $1,066 $89
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in specific garaging location which can change price quotes significantly.

Based on this data, using a $100 deductible will cost you about $27 more each month or $324 each year than quoting the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you have more than 15 months between claim filings, you would most likely save money by going with a higher deductible. Below is a better example of how you can perform this determination yourself.

Average monthly premium for $100 deductibles: $114
Average monthly premium for $500 deductibles (subtract): - $87
Monthly savings from raising deductible: $27
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

How Insurers Calculate Porsche Cayman Insurance Premiums

Lots of things are considered when pricing auto insurance. Some factors are common sense such as traffic violations, although others are not quite as obvious like your vehicle usage and annual miles driven.

Pleasure use or commuting - The more miles you rack up on your Porsche in a year's time the more you'll pay to insure your vehicle. Many insurance companies charge rates based upon how much you drive. Vehicles not used for work or commuting cost less to insure than those used for commuting. Having an incorrect usage rating on your Cayman is throwing money out the window. It's a good idea to make sure your insurance declarations sheet reflects the proper vehicle usage.

Marriage can lower premiums - Being married actually saves money on insurance. Marriage demonstrates that you tend to be more mature and it's statistically proven that being married results in fewer claims.

What are good liability protection limits? - Your policy's liability coverage will provide protection if you are determined to be liable for personal injury or accident damage. Your liability coverage provides for a legal defense up to the limits shown on your policy. Liability is cheap compared to other policy coverages, so do not skimp.

Females tend to cost less - Over the last 50 years, statistics have shown females are less aggressive when driving. Now that doesn't mean men are worse drivers. Women and men cause accidents in similar percentages, but males get into accidents with more damage. Men also get more serious tickets like driving under the influence (DUI). Male drivers age 16 to 19 cause the most accidents and therefore are the most expensive to insure.

Use one insurance company and save - Most companies will give better rates to clients who consolidate policies with them, otherwise known as a multi-policy discount. Even if you're getting this discount it's always a smart idea to shop around to confirm you are receiving the best rates possible.

Cautious drivers pay better costs - How you drive can have a huge impact on auto insurance premiums. Even one speeding ticket can boost insurance rates to the point where it's not affordable. Drivers with clean records receive lower rates as compared to careless drivers. Drivers who have serious violations such as hit and run, DWI or reckless driving convictions may find that they have to to submit a SR-22 form to the state department of motor vehicles in order to legally drive.

Add-on coverages that aren't used - Insurance policies have a lot of extra coverages that you can get tricked into buying on your insurance policy. Coverages like personal injury protection, high-cost glass coverage, and extra equipment coverage are probably not needed. They may seem like a good idea when talking to your agent, but if they're wasting money eliminate the coverages to reduce your premium.

Prices go up with performance - The type of car or truck you are insuring makes a big difference in the rate you pay. The cheapest insurance rates are usually for smaller low performance passenger vehicles, but there are many factors that impact the final cost. Due to the fact that the Porsche Cayman falls in the luxury sports car class, insuring your vehicle will cost up to twice as much than the average rate where you live in Honolulu.

Porsche Cayman insurance loss statistics - Companies factor in insurance loss information to calculate a price that will offset any claims. Models that have higher frequency or amount of claims will have a higher cost to insure.

The data below shows the collected loss data for Porsche Cayman vehicles. For each insurance policy coverage type, the claim amount for all vehicles compiled together is considered to be 100. Values that are below 100 suggest a positive loss record, while values that are 100 or greater point to more claims or an increased probability of a larger loss.

Porsche Cayman Insurance Loss Statistics

Specific Porsche 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
Statistics from for 2013-2015 Model Years

Save with these discounts on Porsche Cayman insurance in Honolulu

Insurance is neither fun to buy or cheap, but there could be available discounts to cut the cost considerably. Some discounts apply automatically when you get a quote, but occasionally some discounts must be requested specifically before being credited. If you are not receiving all the discounts possible, you could be getting lower rates.Insurance discounts

You can save money using discounts, but many deductions do not apply to the whole policy. Most only apply to specific coverage prices like collision or personal injury protection. If you do the math and it seems like having all the discounts means you get insurance for free, you aren't that lucky. Any amount of discount will bring down the amount you pay for coverage.

A few popular companies and their possible discounts are outlined below.

When getting free Honolulu car insurance quotes, it's a good idea to all the companies which discounts you may be entitled to. A few discounts may not apply to policyholders in Honolulu. To locate insurance companies offering insurance discounts in Hawaii, follow this link.

Buying from auto insurance agents

Some consumers just prefer to have an agent's advice and that can be a great decision One of the great benefits of price shopping on the web is that drivers can save money and get the lowest rates and still have an agent to talk to.

Find insurance agent in HonoluluTo find an agent, once you fill out this short form, your insurance data is immediately sent to local insurance agents in Honolulu that can give you free Honolulu car insurance quotes for your insurance coverage. It simplifies rate comparisons since you won't have to visit any agencies because prices are sent to the email address you provide. You can get cheaper auto insurance rates AND an agent nearby. If you have a need to get a comparison quote from a specific auto insurance provider, you can always visit that company's website and submit a quote form there.

Finding the right company shouldn't rely on just the price. You should also get answers to these questions.

Pick the best auto insurance agent in Honolulu for you

If you need to find a local Honolulu insurance agency, it can be helpful to understand the different types of agencies and how they operate. Agents in Honolulu can be categorized as either independent agents or exclusive agents.

Exclusive Agents

Exclusive agents are contracted to one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. These agents are not able to provide rate quotes from other companies so it's a take it or leave it situation. These agents are well schooled on their company's products and that allows them to sell at a higher price point.

Shown below is a short list of exclusive agents in Honolulu willing to provide comparison quotes.

2841 Kaonawai Pl - Honolulu, HI 96822 - (808) 988-7011 - View Map

2024 N King St #101b - Honolulu, HI 96819 - (808) 842-5844 - View Map

560 N Nimitz Hwy #217f - Honolulu, HI 96817 - (808) 524-9997 - View Map

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Independent Insurance Agents

Independent insurance agents are not restricted to one company and that is an advantage because they can write policies with many different companies and find the cheapest rate. If prices rise, they simply move your policy to a different company and the insured can keep the same agent. If you need lower rates, it's recommended you include price quotes from a couple of independent agencies in order to have the best price comparison.

Listed below is a list of independent agents in Honolulu that can give you comparison quotes.

1132 Bishop St #1600 - Honolulu, HI 96813 - (808) 533-8728 - View Map

250 Ward Ave #220 - Honolulu, HI 96814 - (808) 626-5068 - View Map

1100 Alakea St #2600 - Honolulu, HI 96813 - (808) 537-1970 - View Map

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If you get good responses to any questions you have and a good coverage price, it's possible that you found a car insurance agent that meets the requirements to insure your vehicles. Just keep in mind it's your coverage and you can terminate your policy at any time so don't think that you are permanently stuck with your new company for a certain time period.

Truth in car insurance advertising

Car insurance companies such as State Farm and Allstate regularly use ads on TV and radio. They all advertise the message that drivers will save a bundle if you switch your coverage. But how can every company save you money on Porsche Cayman insurance in Honolulu? This is how they do it.

All the different companies have a preferred profile for the type of customer that will generate a profit. A good example of a desirable risk should be between the ages of 40 and 55, has no claims, and has great credit. Any driver who matches those parameters receive the lowest rate quotes in Honolulu as well as save quite a bit of money when switching.

Insureds who don't qualify for the ideal profile must pay more expensive rates with the end result being the driver buying from a lower-cost company. The ads say "drivers who switch" not "everybody who quotes" can get the lowest rates when switching. That is how insurance companies can make the claims of big savings. Because of this risk profiling, you should get Honolulu car insurance quotes as often as possible. It's just too difficult to predict with any certainty which company will have the lowest rate quotes.

Your auto insurance coverage should be tailored to you

Always remember that when buying the best auto insurance coverage for your personal vehicles, there is no one-size-fits-all type of policy. Your needs are unique to you so your insurance should reflect thatAuto insurance savings Here are some questions about coverages that may help you determine if you might need professional guidance.

If you're not sure about those questions, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.

In the end, you can save money

Budget-friendly car insurance in Honolulu is attainable both online in addition to local insurance agencies, and you should be comparing both so you have a total pricing picture. Some car insurance companies may not provide rates over the internet and these smaller providers work with local independent agents.

While you're price shopping online, you should never skimp on critical coverages to save a buck or two. There have been many situations where consumers will sacrifice liability limits or collision coverage only to find out that they should have had better coverage. Your goal should be to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.

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