How long have you put off shopping around for more competitive Porsche Panamera insurance in Boston? Getting the cheapest Boston Porsche Panamera insurance quotes can appear to be somewhat difficult for consumers that are not comfortable with quoting and buying their auto insurance on the web. With dozens of insurance companies available, how can you possibly compare every company in order to find cheaper auto insurance rates?
Steps to finding cheaper Porsche Panamera insurance in Boston
If you want to find the absolute lowest rates, then the best way to get cheaper auto insurance rates is to compare prices annually from providers that insure vehicles in Boston. You can compare prices by following these steps.
First, get a basic knowledge of policy coverages and the changes you can make to keep rates down. Many policy risk factors that result in higher prices like careless driving and an unacceptable credit rating can be rectified by being financially responsible and driving safely.
Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO and State Farm, while independent agents can provide prices for a wide range of companies.
Third, compare the new rate quotes to the price on your current policy to determine if you can save on Panamera insurance. If you can save money and buy the policy, ensure coverage does not lapse between policies.
Fourth, tell your current company of your intention to cancel your current policy and submit a down payment along with a signed application to your new carrier. Once received, safely store the proof of insurance paperwork in an easily accessible location in your vehicle.
One piece of advice is to make sure you’re comparing similar limits and deductibles on every price quote and and to get quotes from all possible companies. Doing this helps ensure a fair price comparison and many rates to choose from.
A recent auto insurance study revealed that over 70% of consumers have remained with the same auto insurance company for a minimum of four years, and just short of a majority have never compared auto insurance rates at all. Boston drivers could save themselves about $600 a year just by shopping around, but they don’t invest the time required to do a rate comparison.
Consumers need to get comparison quotes periodically since insurance rates change regularly. Just because you found the best rate on Porsche Panamera insurance in Boston a year ago other companies may now be cheaper. You can find a lot of information about Panamera insurance out there, but in just a couple of minutes you can learn some tested techniques to lower your auto insurance rates in Boston.
If you already have coverage, you stand a good chance to be able to buy cheaper auto insurance using these tips. Comparing quotes for cheaper policy in Boston is quite easy. But Massachusetts consumers must understand how companies determine how much to charge because it can help you find the best coverage.
Most of the larger companies make it easy to get prices from their websites. Doing online quotes for Porsche Panamera insurance in Boston is easy for anyone as you just type in your required coverages into the quote form. After you complete the form, the system will obtain your driving and credit reports and provides a quote based on many factors.
Using the web to get quotes for Porsche Panamera insurance in Boston makes comparing rates easy, and it is important to get many rate quotes if you want to find a better rate.
To quickly use this form to compare rates, consider comparing rates from the companies shown below. If you have your current policy handy, we recommend you replicate the coverage information just like they are on your policy. Doing this guarantees you will be getting rate quotes based on similar coverages.
The companies shown below provide price comparisons in Boston, MA. If you want the best auto insurance in Boston, it’s a good idea that you click on several of them to get a more complete price comparison.
Porsche Panamera detailed coverage information
The premium information shown next outlines estimates of rate quotes for Porsche Panamera models. Learning more about how insurance prices are calculated can benefit drivers when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $394 | $848 | $378 | $22 | $114 | $1,756 | $146 |
| Panamera 4S AWD 4-Dr Hatchback | $394 | $928 | $378 | $22 | $114 | $1,836 | $153 |
| Panamera Turbo AWD 4-Dr Hatchback | $450 | $1088 | $378 | $22 | $114 | $2,052 | $171 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Table data does not factor in vehicle garaging location which can modify coverage prices considerably.
Where to set your deductibles
A question often asked by Boston drivers is where should you set your physical damage deductibles. The comparisons below may help to illustrate the difference in cost when you select higher and lower physical damage deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $458 | $824 | $334 | $20 | $100 | $1,761 | $147 |
| Panamera 4S AWD 4-Dr Hatchback | $458 | $900 | $334 | $20 | $100 | $1,837 | $153 |
| Panamera Turbo AWD 4-Dr Hatchback | $524 | $1056 | $334 | $20 | $100 | $2,059 | $172 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $372 | $664 | $334 | $20 | $100 | $1,490 | $124 |
| Panamera 4S AWD 4-Dr Hatchback | $372 | $726 | $334 | $20 | $100 | $1,552 | $129 |
| Panamera Turbo AWD 4-Dr Hatchback | $426 | $852 | $334 | $20 | $100 | $1,732 | $144 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rates do not factor in specific zip code location which can raise or lower rates greatly.
Based on the data above, we can derive that using a $250 deductible would cost the average driver about $25 more each month or $300 annually averaged for all Panamera models than selecting the higher $500 deductible. Because you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 10 months between claims, you would save more money if you elect the higher deductible.
Calculation for determining deductible levels
| Average monthly premium for $250 deductibles: | $157 |
| Average monthly premium for $500 deductibles (subtract): | – $132 |
| Monthly savings from raising deductible: | $25 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $25 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 10 months |
One important caveat is that raising deductibles means you will have to pay more when you have a comprehensive or collision claim. That will require some funds available in order to pay the deductible.
Porsche Panamera annual premiums for males versus females
The example below illustrates the comparison of Porsche Panamera car insurance rates for male and female drivers. The data is based on no accidents or driving violations, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are factored in.
Car insurance protects more than just your car
Despite the high cost of buying insurance for a Porsche Panamera in Boston, paying for car insurance may be required for several reasons.
- Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific limits of liability insurance in order to get the vehicle licensed. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a lien on your vehicle, more than likely the lender will force you to have full coverage to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Porsche for a much higher rate and require you to reimburse them the higher premium.
- Car insurance protects both your vehicle and your personal assets. It will also provide coverage for medical transport and hospital expenses incurred in an accident. One policy coverage, liability insurance, will also pay attorney fees if you are named as a defendant in an auto accident. If you have damage to your Porsche as the result of the weather or an accident, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.
The benefits of insuring your Panamera greatly outweigh the cost, particularly for liability claims. An average driver in America is wasting up to $869 every year so compare rate quotes at every renewal to make sure the price is not too high.
Why Informed Drivers Pay Less for Porsche Panamera Insurance
When buying insurance it’s important to understand some of the elements that help calculate your policy premiums. When consumers understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to cheaper rates. Many factors are part of the calculation when quoting car insurance. Most are fairly basic such as your driving record, but others are not quite as obvious such as your marital status or how financially stable you are.
Shown below are just a few of the factors that factor into your rates.
Premiums increase with driving tickets – Drivers with clean records get better prices compared to drivers with tickets. Only having one speeding ticket can increase rates to the point where it’s not affordable. Drivers who have serious violations such as DUI or reckless driving may find they need to prove financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.
The information below highlights how traffic violations and at-fault accidents raise Porsche Panamera car insurance rates for different insured age categories. The rates are based on a single male driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.
Advanced GPS tracking and theft deterrents – Choosing to buy a car with anti-theft technology or alarm system can help lower your rates. Advanced theft deterrents such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop car theft and help bring rates down.
Liability protection is critical – The liability coverage on your policy will protect you if a court rules you are at fault for damages from an accident. It provides legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so drivers should carry high limits.
Big city or small town – Residing in a small town is a positive aspect when shopping for auto insurance. Less people living in that area translates into fewer accidents. People in densely populated areas have congested traffic and longer commute times. Longer commute distances means a statistically higher chance of an accident.
Porsche Panamera historical loss data – Insurance companies analyze claim trends for every vehicle in order to profitably underwrite each model. Models that the statistics show to have a trend towards higher claim severity or frequency will be charged more to insure. The data below shows the insurance loss data used by companies for Porsche Panamera vehicles.
For each coverage type, the claim amount for all vehicles as a whole is equal to 100. Percentages below 100 imply a favorable loss record, while numbers shown that are more than 100 point to more claims or an increased chance of larger losses than average.
| Specific Porsche Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Porsche Panamera 4dr | 236 | 94 | 265 | 57 | ||
| Porsche Panamera GTS 4dr 4WD | 246 | 48 | 467 | |||
| Porsche Panamera Turbo 4dr 4WD | 242 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Your situation helps dictate your coverage
When quoting and choosing coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s situation is a little different.
These are some specific questions could help you determine whether or not you would benefit from professional advice.
- Is my Porsche Panamera covered for smoke damage?
- I have good health insurance, so how much medical payments coverage do I need?
- Will my rates increase for filing one claim?
- At what point should I drop full coverage?
- Do I pay less for low miles?
- Are my friends covered when driving my Porsche Panamera?
If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form.
Lower rates by being persistent
When shopping online for insurance, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many cases, an accident victim reduced liability coverage limits to discover at claim time that it was a big error on their part. Your goal should be to buy the best coverage you can find for the lowest price, but do not sacrifice coverage to save money.
Lower-priced Porsche Panamera insurance in Boston is possible both online as well as from independent agents in Boston, so you should compare both to have the best rate selection. Some companies may not provide rates over the internet and most of the time these regional carriers sell through independent insurance agents.
Insureds change insurance companies for a number of reasons such as extreme rates for teen drivers, lack of trust in their agent, not issuing a premium refund or denial of a claim. Whatever your reason, finding a great new company can be less work than you think.
How to buy low-cost Porsche Panamera insurance in Boston
If you want to save the most money, the best way to save money on auto insurance rates is to do an annual price comparison from providers who provide auto insurance in Boston.
- Step 1: Gain an understanding of how auto insurance works and the things you can change to keep rates low. Many factors that drive up the price like multiple speeding tickets and a substandard credit history can be remedied by making lifestyle changes or driving safer.
- Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like Progressive or Allstate, while independent agents can provide rate quotes from multiple sources. Get quotes now
- Step 3: Compare the new rate quotes to your current policy premium and determine if there is any savings. If you find a lower rate quote, make sure the effective date of the new policy is the same as the expiration date of the old one.
One thing to remember is to try to compare the same amount of coverage on every quote and and to get price quotes from every company you can. This ensures a level playing field and a good representation of prices.
For more information, link through to the articles below:
- Understanding Rental Car Insurance (Insurance Information Institute)
- Who Has the Cheapest Car Insurance for a Chevrolet Equinox in Boston? (FAQ)
- Who Has Cheap Boston Auto Insurance for Lyft Drivers? (FAQ)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Older Driver Statistics (Insurance Information Institute)
- Things to Know Before you Cancel Insurance (Allstate)
- Information for Teen Drivers (GEICO)