Insurance for Porsche BoxsterScraping up a payment for expensive Porsche Boxster insurance in Honolulu can dwindle your savings account and maybe even restrict other spending. Doing a rate analysis is a great way to tighten up your finances.

Surprisingly, a recent survey revealed that 70% of consumers have bought car insurance from the same company for a minimum of four years, and practically 40% of car insurance customers have never compared rates to find cheap insurance. Hawaii consumers can save hundreds of dollars each year, but most undervalue the actual amount they would save if they switched. You have multiple auto insurance companies to choose from, and though it is a good thing to have multiple companies, it makes it harder to locate the cheapest rates for Porsche Boxster insurance in Honolulu.

You should take the time to price shop coverage periodically because car insurance rates are adjusted regularly by insurance companies. Just because you found the lowest rate on Porsche Boxster insurance in Honolulu two years ago you can probably find a lower rate today. You'll find a ton of advice on Boxster insurance on the web, but in this article, you're going to get some of the best techniques to lower your car insurance rates in Honolulu.

Finding and comparing the best policy in Honolulu is not that difficult. If you're already insured or are shopping for new coverage, use these money-saving tips to find the best rates and possibly find even better coverage. Drivers just have to learn the proper methods to compare rate quotes from many different companies online.

The following companies have been selected to offer quotes in Hawaii. If several companies are displayed, it's highly recommended you visit two to three different companies to get the best price comparison.

Porsche Boxster Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $278 $546 $230 $14 $68 $1,136 $95
Boxster S 2-Dr Convertible $150 $342 $254 $16 $76 $838 $70
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in garaging location in Honolulu which can revise rates substantially.

Full coverage or liability only

The chart below examines Porsche Boxster annual premium costs with liability coverage only compared to full coverage. Data assumes no claims, a clean driving record, $100 deductibles, married female driver, and no discounts are applied.

When to stop buying full coverage

There isn't a written rule for eliminating full coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let's assume your Porsche Boxster book value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after paying the physical damage deductible. If it's costing you more than $700 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are a few situations where only buying liability is not advised. If you still owe money on your vehicle, you have to keep full coverage to protect the lienholder's interest. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not remove full coverage.

An analysis of deductible level

One of the more difficult decisions when buying car insurance is how high should the deductibles for physical damage be. The rates shown below outline the difference in cost between high and low comp and collision deductibles. The first rate quote example uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.

Porsche Boxster insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $258 $468 $226 $14 $68 $1,059 $88
Boxster S 2-Dr Convertible $284 $528 $226 $14 $68 $1,145 $95
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Porsche Boxster insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $158 $294 $226 $14 $68 $760 $63
Boxster S 2-Dr Convertible $176 $332 $226 $14 $68 $816 $68
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Information does not factor in specific location which can influence insurance rates noticeably.

Using the data above, we can ascertain that using a $250 deductible costs approximately $26 more each month or $312 each year than buying the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 29 months between claims, you would probably come out ahead if you choose the higher deductible.

Policy deductible comparison

The information below demonstrates how deductible levels and can impact Porsche Boxster insurance prices for different age groups of insureds. The price estimates are based on a married male driver, comp and collision included, and no discounts are applied.

Reduce your insurance rates with discounts

Some insurance providers do not advertise every disount available very clearly, so we took the time to find some of the best known as well as the least known discounts you could be receiving when you buy Honolulu auto insurance online.Discount insurance

Remember that most discount credits are not given to the whole policy. Most cut individual premiums such as liability, collision or medical payments. So even though it sounds like adding up those discounts means a free policy, it doesn't quite work that way.

The best insurance companies and some of their more popular discounts are shown below.

When getting free Honolulu auto insurance quotes, it's a good idea to each company which discounts they offer. Some discounts might not be offered in your area. For a list of insurance companies that offer many of these discounts in Hawaii, follow this link.

Smart Consumers Can Slash Their Insurance Prices

A large part of saving on car insurance is knowing the factors that are used to determine your premiums. When consumers understand what determines base rates, this enables informed choices that could result in much lower annual insurance costs. Lots of things are part of the calculation when pricing auto insurance. Some are pretty understandable like a motor vehicle report, but other factors are more transparent such as your marital status or your vehicle rating.

The factors shown below are just a few of the factors that factor into your rates.

Your address can influence price - Having an address in areas with lower population has it's advantages if you are looking for the lowest rates. Less people living in that area means reduced accidents as well as less vandalism and auto theft. City drivers regularly have more traffic problems and a longer drive to work. More time on the road means higher likelihood of an accident.

Better car insurance rates on safer cars - Cars with five star safety ratings can get you lower premiums. Highly rated vehicles protect occupants better and any reduction in injury severity translates into savings for insurance companies and lower rates for you. If your Porsche Boxster scored at minimum four stars on or an "acceptable" rating on you may be receiving a better rate.

Always have car insurance - Not maintaining insurance is a misdemeanor and any future policy may cost more because you let your insurance coverage expire. Not only will rates go up, being ticketed for driving with no insurance might get you a fine, jail time, or a revoked license.

Careless drivers pay higher prices - Even a single citation may cause rates to rise forty percent or more. Good drivers get better prices compared to drivers with tickets. Drivers with flagrant violations like DUI, reckless driving or excessive speeding may need to prove financial responsibility with their state DMV in order to legally drive a vehicle.

With age comes responsibility - Youthful drivers in Hawaii are known to be more careless when driving therefore car insurance rates are much higher. More mature drivers have been proven to be more responsible, cause fewer claims and accidents, and are generally more financially stable.

Rates and job - Did you know your career choice can influence rates? Occupations like military personnel, police officers, and financial analysts generally pay the highest rates due to intense work requirements and lots of time spent away from family. Other careers like farmers, students and performers pay the least.

Claims statistics for a Porsche Boxster - Companies factor in insurance loss information when they set coverage costs for each model. Models that historically have higher prevalence or dollar amount of losses will have a higher cost to insure.

The table below shows the insurance loss data used by companies for Porsche Boxster vehicles. For each type of coverage, the loss probability for all vehicles combined as an average is set at 100. Percentage numbers below 100 mean the vehicle has better than average losses, while numbers shown that are more than 100 indicate a higher chance of having a claim or an increased likelihood of larger losses.

Porsche Boxster Insurance Claim Statistics

Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Porsche Boxster Convertible 135 47 121 31

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Compare rates but work with a local Honolulu insurance agent

A lot of people just prefer to sit down with an agent and that is OK! Professional insurance agents are highly skilled in risk management and help file insurance claims. One of the benefits of comparing rates online is the fact that drivers can get the best rates and also buy local. And buying from local insurance agencies is still important in Honolulu.

Find insurance agent in HonoluluAfter filling out this short form, your information is sent to agents in your area who can give free rate quotes to get your business. It simplifies rate comparisons since you won't have to leave your computer due to the fact that quote results will go to you instantly. If you wish to get a rate quote from a particular provider, just go to their quote page and give them your coverage information.

Choosing an provider needs to be determined by more than just a cheap price quote. The answers to these questions are important, too.

Once you have received acceptable answers to these questions as well as offering an affordable quote, you've probably found an insurance company that meets the requirements to adequately provide auto insurance. But keep in mind once you purchase a policy you can terminate coverage for any reason so don't feel that you are permanently stuck with a policy with no way out.

Don't give up on cheaper rates

As you shop your coverage around, never skimp on critical coverages to save a buck or two. In too many instances, drivers have reduced full coverage to discover at claim time that it was a big error on their part. Your objective should be to find the BEST coverage for the lowest cost, not the least amount of coverage.

We covered quite a bit of information on how to lower your Porsche Boxster insurance premium rates in Honolulu. The key concept to understand is the more companies you get prices for, the better chance you'll have of finding the cheapest Porsche Boxster rate quotes. You may even find the lowest priced auto insurance comes from some of the lesser-known companies. They may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate and Progressive.

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