Save on Porsche 911 Insurance in Virginia Beach

Surprisingly, a recent survey revealed that the vast majority of consumers have bought auto insurance from the same company for a minimum of four years, and approximately 40% of consumers have never compared rates from other carriers. Many drivers in Virginia can save as much as $550 each year by just shopping around, but they assume it’s a waste of time to compare rate quotes.

Really, the only way to find lower priced Porsche 911 insurance in Virginia Beach is to compare prices once a year from insurance carriers in Virginia.

First, it will benefit you to learn about the different coverages in a policy and the modifications you can make to keep rates low. Many policy risk factors that are responsible for high rates such as high-risk driving behaviors and a negative credit score can be controlled by making lifestyle changes or driving safer. This article gives tips to help prevent expensive coverage and get bigger discounts.

Second, quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agents can provide prices from multiple companies. Click to view companies

Third, compare the price quotes to the price on your current policy and determine if there is any savings. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.

One bit of advice is to try to use the same deductibles and limits on every price quote and and to get price estimates from every company you can. Doing this helps ensure a level playing field and many rates to choose from.

The car insurance companies shown below can provide comparison quotes in Virginia. If multiple companies are listed, it’s highly recommended you visit several of them in order to get a fair rate comparison.

Porsche 911 insurance statistics and information

The coverage information shown next highlights a range of rate quotes for Porsche 911 models. Having a better understanding of how insurance rates are calculated is important for drivers to make smart choices when selecting a coverage provider.

Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price information does not factor in Virginia Beach location which can revise coverage rates noticeably.

Deductible analysis

One frequently asked question is at what level do you set your deductibles. The rates below show how much more rates are when you choose different physical damage coverage deductibles. The first pricing table uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Table data does not factor in specific zip code location which can alter premium rates substantially.

Using the premium rates above, we can conclude that using a $250 deductible costs roughly $35 more each month or $420 for a full year than buying the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at least 21 months between claims, you would most likely save money by going with a higher deductible.

Safe drivers pay less for car insurance

The information below illustrates how speeding tickets and accidents can affect Porsche 911 annual premium costs for different age groups. The prices are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.

Porsche 911 insurance rates by age and gender

The chart below shows the difference between Porsche 911 insurance prices for male and female drivers. The data assumes no claims or violations, comprehensive and collision coverage, $500 deductibles, single marital status, and no additional discounts are factored in.

Porsche 911 Insurance Cost Factors

An important part of buying insurance is that you know the different types of things that aid in calculating your auto insurance rates. If you understand what positively or negatively impacts your premiums, this helps enable you to make changes that could result in lower rates.

Listed below are some of the factors used by insurance companies to determine premiums.

• Being married is a good thing – Getting married may save some money when shopping for auto insurance. Marriage translates into being more responsible and it’s proven that married drivers tend to file fewer claims.
• More traffic means higher claims – Choosing to live in small towns and rural areas is a positive aspect when insuring your vehicles. Fewer drivers means fewer accidents and a lower car theft rate. City drivers regularly have much more traffic and more time behind the wheel. More time behind the wheel means more chance of being in an accident.
• Filing policy claims can increase rates – Car insurance companies in Virginia award better rates to drivers who file claims infrequently. If you are the type of insured that files lots of claims you can definitely plan on much higher rates or policy non-renewal. Insurance coverage is intended to be relied upon for claims that pose a financial burden.
• Certain jobs pay higher premiums – Do you work in a high-stress field? Occupations like real estate brokers, business owners, and emergency personnel tend to pay the highest average rates because of intense work requirements and long work hours. Other jobs such as farmers, students and retirees get better rates.

• Claims statistics for a Porsche 911 – Car insurance companies use data from past claims when they calculate premium prices for each model. Models that the data determines to have increased losses will have higher rates for specific coverages.

  The table below shows the actual insurance loss data for Porsche 911 vehicles. For each type of coverage, the statistical loss for all vehicles as a whole is represented as 100. Numbers shown that are under 100 mean the vehicle has better than average losses, while percentages above 100 indicate more frequent claims or statistically larger claims.

  
  

  Porsche 911 Insurance Loss Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Porsche 911 Carrera 2dr	191	47	173	24
  Porsche 911 Carrera Convertible	197	51	224	36
  Porsche 911 Turbo 2dr 4WD	349		367

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years

Why you need Porsche vehicle insurance in Virginia

Despite the potentially high cost of Porsche 911 insurance, insuring your vehicle is not optional due to several reasons.

First, the majority of states have minimum liability requirements which means the state requires a specific level of liability protection in order to drive the car legally. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.

Second, if you have a lien on your Porsche 911, most lenders will make it a condition of the loan that you carry insurance to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank may insure your Porsche at a much higher premium rate and make you pay a much higher amount than you were paying before.

Third, insurance safeguards not only your car but also your assets. It will also provide coverage for many types of medical costs for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if you are sued as the result of an accident. If you have damage to your Porsche as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of buying enough insurance definitely exceed the cost, especially for larger claims. The average driver in Virginia is currently overpaying as much as $820 a year so compare quotes from several companies at every renewal to save money.