Porsche Cayman Insurance Quotes in Tulsa

Discount Porsche Cayman insuranceIt’s well known that car insurance companies don’t want you quoting rates from other companies. Consumers who perform rate comparisons will most likely switch companies because there is a great chance of finding lower rate quotes. A recent car insurance study discovered that drivers who compared rates regularly saved $865 a year compared to drivers who never shopped for cheaper rates.

If saving the most money on car insurance in Tulsa is the reason you’re reading this, then having a good understanding how to quote and compare coverage rates can help make the process easier.

If your goal is the lowest price, then the best way to get discount Porsche Cayman insurance in Tulsa is to compare prices once a year from different companies who sell auto insurance in Oklahoma. Price quotes can be compared by completing these steps.

A good tip to remember is that you use the same amount of coverage on each quote request and to quote with as many different insurance providers as possible. Doing this helps ensure a fair price comparison and the most accurate and complete price analysis.

If you are already insured, you will definitely be able to buy cheaper car insurance using the tips covered below. This information will instruct you on how car insurance works and how to save the most money. But Oklahoma drivers need to have an understanding of the way companies charge you for coverage and apply this information to your search.

Rates and information analytics

The premium table displayed next outlines detailed analysis of insurance coverage prices for Porsche Cayman models. Having a better understanding of how car insurance premiums are determined is important for drivers to make smart choices when purchasing an auto insurance policy.

Porsche Cayman Insurance Rates in Tulsa, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $336 $708 $506 $30 $152 $1,732 $144
Cayman S 2-Dr Coupe $336 $790 $506 $30 $152 $1,814 $151
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Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Price information does not factor in the specific area where the vehicle is garaged which can raise or lower coverage prices greatly.

Policy deductibles

One of the hardest decisions when shopping for auto insurance is how high should the deductibles for physical damage be. The following tables help summarize the difference in cost between low and high comp and collision deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $1,000 deductible.

Porsche Cayman insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $536 $1070 $448 $26 $134 $2,239 $187
Cayman S 2-Dr Coupe $536 $1194 $448 $26 $134 $2,363 $197
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Porsche Cayman insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $296 $564 $448 $26 $134 $1,468 $122
Cayman S 2-Dr Coupe $296 $630 $448 $26 $134 $1,534 $128
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Price information does not factor in garaging location in Tulsa which can impact premium rates considerably.

Based on this data, using a $100 deductible costs an average of $67 more each month or $804 for a full year than requesting the higher $1,000 deductible. Because you would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 13 months between claim filings, you would probably come out ahead if you decide on a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $100 deductibles: $192
Average monthly premium for $1,000 deductibles (subtract): – $125
Monthly savings from raising deductible: $67
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $67
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One important note is that increasing deductibles to save money means you will have to pay more when you have to file a claim. You must have enough extra money in order to pay more to get your vehicle repaired.

The illustration below shows how different deductible levels and can increase or decrease Porsche Cayman annual premium costs for each age group. The premium estimates are based on a married male driver, full physical damage coverage, and no discounts are applied.

Men versus women drivers and insurance cost

The diagram below compares Porsche Cayman car insurance costs for male and female drivers. The premiums are based on no violations or claims, comprehensive and collision coverage, $250 deductibles, single status, and no discounts are applied to the premium.

Lower rates by qualifying for these nine discounts

Some companies don’t always list their entire list of discounts very clearly, so below is a list both the well known and also the lesser-known credits available to lower your premiums when you buy Tulsa auto insurance online.Save money with discounts

As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as comp or med pay. Even though the math looks like adding up those discounts means a free policy, companies wouldn’t make money that way. But all discounts will help lower the amount you pay for coverage.

The illustration below visualizes the comparison of Porsche Cayman insurance costs with and without discounts applied to the rates. The price estimates are based on a male driver, no claims or driving violations, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, homeowner, marriage, claim-free, and multi-policy discounts applied.

A list of auto insurance companies and their possible discounts can be found below.

Before you buy a policy, ask each company which credits you are entitled to. Discounts may not apply in Tulsa.

Car insurance coverage information

Having a good grasp of insurance helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Collision – This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like crashing into a ditch, scraping a guard rail, backing into a parked car and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to choose a higher deductible on your Cayman to get cheaper collision coverage.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP provide coverage for bills like doctor visits, prosthetic devices and nursing services. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. It covers both the driver and occupants and also covers if you are hit as a while walking down the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive auto coverage – This coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from getting keyed, hitting a bird and a broken windshield. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability car insurance – Liability coverage will cover damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability can pay for things like repair bills for other people’s vehicles, structural damage, attorney fees and emergency aid. The amount of liability coverage you purchase is your choice, but you should buy as large an amount as possible. Oklahoma requires drivers to carry at least 25/50/25 but it’s recommended drivers buy more coverage.

The chart below shows why the minimum limit may not provide adequate coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits (Oklahoma limits are 25/50/25), their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Frequently these limits are identical to your policy’s liability coverage.

Car insurance savings summarized

We’ve covered a lot of information how to shop for Porsche Cayman insurance online. The most important thing to understand is the more rate quotes you have, the better likelihood of getting the cheapest Porsche Cayman rate quotes. Consumers may even find the best price on car insurance is with some of the lesser-known companies.

Cheap Porsche Cayman insurance in Tulsa is available both online and from local insurance agents, and you should compare rates from both to have the best rate selection. Some insurance providers may not have the ability to get quotes online and usually these smaller providers provide coverage only through local independent agents.

Consumers who switch companies do it for any number of reasons including policy cancellation, unfair underwriting practices, policy non-renewal and even being labeled a high risk driver. It doesn’t matter why you want to switch choosing a new company is not as hard as you think.

More detailed car insurance information can be read by following these links: