Auto Insurance Rate Quotes for a Porsche 911 in Durham

The preferred way to find better pricing on car insurance rates is to regularly compare prices from insurance carriers who sell insurance in Durham.

Step 1: Learn about the coverage provided by your policy and the measures you can control to lower rates. Many factors that result in higher prices such as speeding and a less-than-favorable credit score can be eliminated by making lifestyle changes or driving safer.

Step 2: Compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like Progressive or State Farm, while independent agencies can provide price quotes for a wide range of companies.

Step 3: Compare the new rate quotes to your current policy to see if switching to a new carrier will save money. If you can save some money, ensure there is no coverage lapse between policies.

One thing to point out is to try to compare the same coverage limits and deductibles on every price quote and and to compare as many companies as you can. This helps ensure a fair price comparison and a complete selection of prices.

It’s well known that car insurance companies don’t want you shop around. Insureds who get price quotes annually will most likely buy a different policy because there is a significant possibility of finding better rates. A recent survey revealed that people who routinely compared rates saved an average of $865 annually compared to policyholders who never compared rates.

If finding the lowest rates on Porsche 911 insurance is your objective, then learning about the best ways to shop for insurance coverage can help you be more efficient.

Buying the cheapest auto insurance in Durham can be easy if you know a few tricks. If you already have coverage or want to find a cheaper company, you can use these techniques to lower your rates without reducing protection. Drivers only need to know the most effective way to compare rate quotes from many companies at once.

Cheap Durham insurance rates with discounts

The price of auto insurance can be rather high, but there may be some discounts to help bring down the price. Certain discounts will be triggered automatically when you complete an application, but some need to be asked about before they will apply.

• Senior Discount – Seniors may receive better insurance rates.
• Seat Belt Discounts – Buckling up and requiring all passengers to use their safety belts could save 15% off PIP or medical payments premium.
• Government Employees – Being employed by or retired from a federal job could qualify for a slight premium decrease with some insurance companies.
• Policy Bundle Discount – If you can bundle your homeowners and auto insurance and insure them with the same company you could get a discount of over 10 percent off each policy depending on the company.
• Drive Less and Save – Low mileage vehicles may allow you to get discounted prices on garaged vehicles.
• Telematics Data Discounts – Durham drivers who agree to allow data collection to study their driving habits by using a telematics device in their vehicle like Allstate’s Drivewise could possibly reduce rates as long as they are good drivers.
• Accident Free – Drivers who don’t have accidents pay much less in comparison to policyholders that have many claims.

It’s important to understand that some credits don’t apply to all coverage premiums. Most only cut the cost of specific coverages such as liability, collision or medical payments. So even though you would think having all the discounts means you get insurance for free, nobody gets a free ride.

The chart below illustrates the comparison of Porsche 911 car insurance costs with and without some available policy discounts. The costs are based on a male driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, claim-free, multi-car, marriage, and multi-policy discounts applied.

A partial list of companies that have these benefits include:

• GEICO
• Mercury Insurance
• Farmers Insurance
• Auto-Owners Insurance
• Liberty Mutual
• SAFECO
• Progressive
• USAA

When quoting, ask every company what discounts are available to you. Discounts may not apply to policies in Durham. To view insurance companies who offer online Porsche 911 insurance quotes in North Carolina, click here to view.

Finding cheaper Durham car insurance prices isn’t really that difficult. The only requirement is to take time to get quotes online with multiple companies.

The companies shown below have been selected to offer free quotes in North Carolina. To locate the cheapest auto insurance in NC, we suggest you compare several of them to get a more complete price comparison.

Auto insurance data for a Porsche 911

The coverage table displayed next highlights a range of coverage costs for Porsche 911 models. Having a better understanding of how insurance premiums are figured can benefit drivers when making smart choices when comparing insurance rates.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Price estimates do not factor in specific location information which can revise prices noticeably.

Policy deductibles

One of the most common auto insurance questions is how high should the physical damage deductibles be. The figures shown below show the rate fluctuation between high and low comp and collision deductibles. The first price estimate table uses a $250 deductible and the second set of prices uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in your specific Durham location which can affect premiums significantly.

Using the data above, we can ascertain that using a $250 deductible costs roughly $18 more each month or $216 annually averaged for all 911 models than opting for the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you have at least 14 months between claims, you would save more money if you elect the higher deductible.

An important thing to remember is that a higher deductible level means you will have to pay more of your own money if you have a claim. You should have some non-essential savings in the event you have to pay the higher deductible in order to repair your vehicle.

The illustration below highlights how deductible choice and can affect Porsche 911 annual premium costs for each age group. The information is based on a married female driver, full coverage, and no additional discounts are factored in.

Porsche 911 liability rates compared to full coverage

The example below visualizes the comparison of Porsche 911 auto insurance costs with liability coverage only compared to full coverage. The costs are based on no driving violations, no at-fault accidents, $250 deductibles, marital status is single, and no policy discounts are applied.

Guidelines for eliminating full coverage

There is no set rule to stop paying for physical damage coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s say your Porsche 911 book value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $3,000 after the policy deductible has been paid. If premiums are more than $300 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are some situations where dropping physical damage coverage is not a good idea. If you haven’t paid off your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Learn How to Get Car Insurance at a Discount

One of the most helpful ways to save on car insurance is to to have a grasp of the different types of things that come into play when calculating car insurance rates. When you know what positively or negatively influences your rates, this helps enable you to make changes that may result in lower premium levels. Multiple criteria are taken into consideration when quoting car insurance. Some are pretty understandable like a motor vehicle report, although some other factors are more obscure such as your credit history or your vehicle rating.

The itemized list below are a few of the things used by companies to determine your premiums.

Lower premiums for vehicles with better crash test results – Safer cars can get you lower premiums. Vehicles built for safety help reduce the chance of injuries in an accident and fewer serious injuries means lower claim amounts and cheaper rates on your policy. If your Porsche 911 scored better than four stars on Safercar.gov you are probably receiving a discount.

Save by driving less – The more you drive your Porsche every year the higher the price you pay to insure it. Most companies apply a rate based upon how much you drive. Cars that do not get driven very much receive better premium rates than vehicles that have high annual mileage. It’s always a good idea to double check that your car insurance policy is rated on the proper vehicle usage. An incorrectly rated 911 is throwing money out the window.

You might want pay the small insurance claims yourself – If you tend to file frequent claims, you can look forward to either policy cancellation or increased premiums. Auto insurance companies in North Carolina award discounts to insureds who only file infrequent claims. Insurance coverage is intended to be relied upon for more catastrophic claims.

Older drivers save more – Older people are proven to be safer behind the wheel, tend to cause fewer accidents, and get fewer tickets. Youthful drivers tend to be easily distracted behind the wheel and because of this, their car insurance rates are much higher.

The chart below is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

How’s your driving record? – A bad driving record has a big impact on rates. Only having one chargeable violation may increase your cost by as much as twenty percent. Attentive drivers get better rates than people who have multiple driving citations. Drivers unfortunate enough to have severe tickets like DUI or reckless driving may find that they have to to maintain a SR-22 with their state’s licensing department in order to legally drive a vehicle.

The illustration below shows how traffic citations and fender-benders increase Porsche 911 premium costs for each age group. The prices are based on a single male driver, comp and collision included, $250 deductibles, and no policy discounts are applied.

Higher coverage deductibles are cheaper – Comp and collision deductibles state the amount of money you are willing to pay if you file a covered claim. Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some instances where coverage would apply are colliding with a stationary object, hail damage, and having a roll-over accident. The higher the amount the insured is willing to pay, the less money you will pay for car insurance.

Insurance loss data for Porsche 911 vehicles – Auto insurance companies analyze the history of losses as a tool for profitable underwriting. Models that are shown to have higher loss trends will cost more for coverage. The table below demonstrates the insurance loss data used by companies for Porsche 911 vehicles.

For each type of coverage, the loss probability for all vehicles combined as an average is equal to 100. Numbers shown that are under 100 imply a favorable loss record, while percentage values above 100 indicate more frequent claims or tendency to have larger claims.

Local Durham insurance agencies

Some consumers would rather have an agent’s advice and that is a personal choice. Licensed agents are highly skilled in risk management and give you someone to call. One of the great benefits of price shopping on the web is that drivers can save money and get better rates but also keep your business local.

Once you complete this short form, the coverage information gets sent to agents in your area who will gladly provide quotes for your car insurance coverage. There is no reason to do any legwork since rate quotes are delivered immediately to you. If you need to quote rates from one company in particular, just visit that company’s website and give them your coverage information.

Finding the right company should depend on more than just the price. These are valid questions to ask:

• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• Does the company have a local claim office in Durham?
• If your car is in the repair shop, do you have coverage for a rental car?
• Do they write coverage based solely on cost?
• Is auto insurance their primary focus in Durham?

Two types of Durham car insurance agents

If you want to buy car insurance from a local Durham insurance agency, it can be helpful to understand the different types of agents that differ in how they can insure your vehicles. Agencies in Durham can be categorized as either exclusive or independent. Either type can provide car insurance policies, but it’s good to learn why they differ because it can influence your agent selection.

Exclusive Car Insurance Agents

Exclusive agents can only place business with one company such as Farmers Insurance or State Farm. Exclusive agents cannot place coverage with different providers so it’s a take it or leave it situation. Exclusive agents are usually quite knowledgeable on sales techniques and that enables them to sell even at higher rates. Consumers often buy insurance from these agents mostly because of loyalty to the company rather than low price.

Listed below are exclusive agencies in Durham who may provide you with price quotes.

• Nationwide Insurance Marsh Dawson Agency
  821 Hanson Rd – Durham, NC 27713 – (919) 806-5109 – View Map
• Farm Bureau Insurance
  4021 Stirrup Creek Dr #220a – Durham, NC 27703 – (919) 469-3191 – View Map
• Allstate Insurance Agent: Caufield Agency
  4845 Industry Ln Ste D – Durham, NC 27713 – (919) 493-7471 – View Map

View more Durham agents

Independent Car Insurance Agencies

These type of agents are not locked into one company so they can quote policies amongst many companies and help determine which has the cheapest rates. If premiums increase, they simply move the coverage in-house without you having to go to a different agency. When searching for an agent, you definitely need to compare quotes from a few independent agents in order to have the best price comparison. Many write coverage with lesser-known insurance companies that can offer cheaper rates than bigger companies.

Shown below are independent agencies in Durham willing to provide comparison quotes.

• Reliable Insurance Agency of North Carolina Inc.
  3325 Durham-Chapel Hill Blvd #200 – Durham, NC 27707 – (919) 864-9048 – View Map
• The Insurance Pros, Inc.
  1210 Cole Mill Rd Suite 101 – Durham, NC 27705 – (919) 294-6613 – View Map
• Tyson Insurance
  3814 N Duke St # A – Durham, NC 27704 – (919) 471-8222 – View Map

View more Durham agents

After getting positive responses for all questions you ask and a low price estimate, you’ve probably found an auto insurance agent that can provide car insurance coverage. But remember, it’s your coverage and you can terminate coverage when you choose so don’t assume that you’re stuck with any specific company for the full term.

Insurance is not optional

Despite the high cost, insurance is a good idea for several reasons.

First, almost all states have minimum mandated liability insurance limits which means you are required to carry a specific minimum amount of liability insurance if you drive a vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you took out a loan on your 911, almost all lenders will make it a condition of the loan that you have full coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank may insure your Porsche for a much higher rate and force you to pay a much higher amount than you were paying before.

Third, insurance protects both your Porsche and your personal assets. It will also cover medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance also covers legal expenses if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of having insurance greatly outweigh the cost, particularly if you ever have a claim. According to a recent study, the average American driver is overpaying over $825 a year so compare quotes from several companies at least once a year to make sure the price is not too high.

Cover all your bases

We just covered some good ideas how you can shop for Porsche 911 insurance online. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may even discover the best price on car insurance is with a lesser-known regional company.

People who switch companies do it for a variety of reasons including not issuing a premium refund, extreme rates for teen drivers, policy cancellation and poor customer service. Regardless of your reason for switching companies, finding a new car insurance company can be easier than you think.

When shopping online for car insurance, make sure you don’t skimp on critical coverages to save a buck or two. There have been many cases where an insured dropped uninsured motorist or liability limits and learned later that the small savings ended up costing them much more. Your aim should be to buy enough coverage at the lowest possible cost, but don’t skip important coverages to save money.

Additional information is available below:

• Auto Insurance 101 (About.com)
• How Much is Durham Car Insurance for Young Drivers? (FAQ)
• Who Has the Cheapest Auto Insurance for Teenagers in Durham? (FAQ)
• Things to Know Before you Cancel Insurance (Allstate)
• Crash Avoidance Technologies FAQ (iihs.org)