It goes without saying that car insurance companies don’t want you to look for a cheaper policy. Insureds who shop around for the cheapest rate are highly likely to move their business because there is a high probability of finding a policy with more affordable rates. A recent study showed that drivers who make a habit of shopping around saved an average of $72 a month compared to policyholders who don’t make a habit of comparing rates.
If finding the cheapest rates on insurance in Oakland is your target objective, then having some insight into the best ways to find and compare coverage rates can help simplify the process.
If you want to find the absolute lowest rates, then the best way to quote cheaper Porsche 911 insurance is to compare prices once a year from providers in Oakland. Drivers can shop around by completing these steps.
- Try to learn a little about coverages and the measures you can take to prevent high rates. Many rating criteria that increase rates like traffic citations and a low credit rating can be rectified by being financially responsible and driving safely. Continue reading for more ideas to find cheap prices and get discounts that may be available to you.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Allstate, while agents who are independent can give you price quotes from multiple insurance companies. Find an Oakland insurance agent
- Compare the new rate quotes to your current policy to see if a cheaper rate is available. If you find a lower rate and switch companies, make sure coverage is continuous and does not lapse.
An important note is to try to use similar coverage information on each price quote and and to get prices from every company you can. Doing this guarantees a fair price comparison and a thorough selection of prices.
If you already have coverage or just want a better rate, use these techniques to save money without sacrificing coverage. Finding and comparing the lowest cost protection in Oakland is easy to do. Consumers only need an understanding of the proper methods to compare prices from multiple carriers.
The quickest method to compare rate quotes for Porsche 911 insurance in Oakland is to realize almost all companies participate in online systems to provide you with free rate quotes. To get started, all you need to do is provide a small amount of information including your credit rating estimate, how much school you completed, how old drivers are, and if it has an alarm system. Those rating factors is then sent to many different companies and you will get price comparisons within a short period of time.
To check rates for your Porsche 911 now, click here and enter your coverage details.
The providers in the list below provide free rate quotes in California. If you want cheap car insurance in Oakland, it’s highly recommended you visit as many as you can to get a more complete price comparison.
Porsche 911 insurance rates and statistics
The table shown next highlights a range of policy rates for Porsche 911 models. Being more informed about how insurance rates are determined can help drivers make decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $404 | $924 | $424 | $26 | $126 | $1,904 | $159 |
| 911 Carrera 4 2-Dr Coupe | $438 | $924 | $424 | $26 | $126 | $1,938 | $162 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $438 | $924 | $360 | $22 | $108 | $1,852 | $154 |
| 911 Carrera 2 S 2-Dr Coupe | $438 | $924 | $424 | $26 | $126 | $1,938 | $162 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $438 | $924 | $360 | $22 | $108 | $1,852 | $154 |
| 911 Carrera 4S 2-Dr Coupe | $438 | $1012 | $424 | $26 | $126 | $2,026 | $169 |
| 911 Carrera Targa 2-Dr Coupe | $438 | $1012 | $424 | $26 | $126 | $2,026 | $169 |
| 911 Carrera 2 S 2-Dr Convertible | $438 | $1012 | $360 | $22 | $108 | $1,940 | $162 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $472 | $924 | $360 | $22 | $108 | $1,886 | $157 |
| 911 Carrera Targa S 2-Dr Coupe | $472 | $1012 | $424 | $26 | $126 | $2,060 | $172 |
| 911 GT3 2-Dr Coupe | $472 | $1100 | $424 | $26 | $126 | $2,148 | $179 |
| 911 GT3 RS 2-Dr Coupe | $540 | $1186 | $424 | $26 | $126 | $2,302 | $192 |
| 911 Turbo 2-Dr Coupe | $540 | $1186 | $424 | $26 | $126 | $2,302 | $192 |
| 911 Turbo 2-Dr Convertible | $540 | $1274 | $360 | $22 | $108 | $2,304 | $192 |
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Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Prices do not factor in garaging location in Oakland which can influence auto insurance rates noticeably.
Higher deductibles save money
When comparing insurance rates, the most common question is how high should the deductibles for physical damage be. The data tables below may aid in understanding the difference in cost when you select higher and lower insurance deductibles. The first set of rates uses a $250 deductible for physical damage and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $518 | $1088 | $442 | $26 | $132 | $2,231 | $186 |
| 911 Carrera 4 2-Dr Coupe | $562 | $1088 | $442 | $26 | $132 | $2,275 | $190 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $562 | $1088 | $376 | $22 | $112 | $2,185 | $182 |
| 911 Carrera 2 S 2-Dr Coupe | $562 | $1088 | $442 | $26 | $132 | $2,275 | $190 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $562 | $1088 | $376 | $22 | $112 | $2,185 | $182 |
| 911 Carrera 4S 2-Dr Coupe | $562 | $1190 | $442 | $26 | $132 | $2,377 | $198 |
| 911 Carrera Targa 2-Dr Coupe | $562 | $1190 | $442 | $26 | $132 | $2,377 | $198 |
| 911 Carrera 2 S 2-Dr Convertible | $562 | $1190 | $376 | $22 | $112 | $2,287 | $191 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $606 | $1088 | $376 | $22 | $112 | $2,229 | $186 |
| 911 Carrera Targa S 2-Dr Coupe | $606 | $1190 | $442 | $26 | $132 | $2,421 | $202 |
| 911 GT3 2-Dr Coupe | $606 | $1294 | $442 | $26 | $132 | $2,525 | $210 |
| 911 GT3 RS 2-Dr Coupe | $692 | $1396 | $442 | $26 | $132 | $2,713 | $226 |
| 911 Turbo 2-Dr Coupe | $692 | $1396 | $442 | $26 | $132 | $2,713 | $226 |
| 911 Turbo 2-Dr Convertible | $692 | $1498 | $376 | $22 | $112 | $2,725 | $227 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $420 | $878 | $442 | $26 | $132 | $1,898 | $158 |
| 911 Carrera 4 2-Dr Coupe | $456 | $878 | $442 | $26 | $132 | $1,934 | $161 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $456 | $878 | $376 | $22 | $112 | $1,844 | $154 |
| 911 Carrera 2 S 2-Dr Coupe | $456 | $878 | $442 | $26 | $132 | $1,934 | $161 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $456 | $878 | $376 | $22 | $112 | $1,844 | $154 |
| 911 Carrera 4S 2-Dr Coupe | $456 | $960 | $442 | $26 | $132 | $2,016 | $168 |
| 911 Carrera Targa 2-Dr Coupe | $456 | $960 | $442 | $26 | $132 | $2,016 | $168 |
| 911 Carrera 2 S 2-Dr Convertible | $456 | $960 | $376 | $22 | $112 | $1,926 | $161 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $492 | $878 | $376 | $22 | $112 | $1,880 | $157 |
| 911 Carrera Targa S 2-Dr Coupe | $492 | $960 | $442 | $26 | $132 | $2,052 | $171 |
| 911 GT3 2-Dr Coupe | $492 | $1042 | $442 | $26 | $132 | $2,134 | $178 |
| 911 GT3 RS 2-Dr Coupe | $564 | $1126 | $442 | $26 | $132 | $2,290 | $191 |
| 911 Turbo 2-Dr Coupe | $564 | $1126 | $442 | $26 | $132 | $2,290 | $191 |
| 911 Turbo 2-Dr Convertible | $564 | $1208 | $376 | $22 | $112 | $2,282 | $190 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rates do not factor in your specific Oakland location which can influence coverage rates significantly.
Based on these figures, using a $250 deductible will cost you roughly $31 more each month or $372 every year than buying the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you go at least 8 months between claim filings, you would more than likely save some money by going with a higher deductible.
Porsche 911 full coverage rates compared to liability only
The information below visualizes the comparison of Porsche 911 insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on a clean driving record, no at-fault accidents, $250 deductibles, single status, and no discounts are applied.
Should you be buying full coverage?
There is no definitive formula for excluding physical damage insurance, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let’s say your Porsche 911 settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $6,000 after you pay the deductible. If you are paying over $600 a year for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some conditions where dropping full coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Choosing the best Porsche 911 insurance in California is an important decision
Even though it’s not necessarily cheap to insure a Porsche in Oakland, insurance is required in California but it also protects you in many ways.
- Almost all states have minimum liability requirements which means state laws require a specific minimum amount of liability insurance coverage if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your Porsche 911, most lenders will force you to buy insurance to guarantee loan repayment. If you do not keep the policy in force, the bank may buy a policy for your Porsche at a much higher rate and require you to pay for the expensive policy.
- Insurance safeguards both your assets and your car. Insurance will also pay for all forms of medical expenses for yourself as well as anyone injured by you. Liability insurance will also pay to defend you in the event you are sued. If your Porsche gets damaged, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance definitely exceed the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is overpaying more than $855 a year so you should quote rates each time the policy renews to help ensure money is not being wasted.
Porsche 911 Insurance Rates Can Be More Affordable
Many things are used when you get a price on insurance. Most are fairly basic such as traffic violations, although some other factors are less apparent like where you live or your vehicle rating.
Safer cars means cheaper insurance rates – Vehicles that have high safety ratings tend to have better insurance rates. Vehicles built for safety reduce occupant injuries and lower injury rates translates into savings for insurance companies and more competitive rates for policyholders.
Save money by having multiple policies – Some companies allow better rates to clients that purchase more than one policy, otherwise known as a multi-policy discount. Even with this discount, it’s still a good idea to check prices from other companies to confirm you are receiving the best rates possible.
Responsible credit equals lower prices – Having a bad credit rating is a big factor in your rate calculation. Consumers who have high credit ratings tend to be more responsible and file fewer claims than drivers with worse credit. So if your credit can be improved, you could save money insuring your Porsche 911 by repairing your credit.
Do you have enough liability protection? – Your policy’s liability coverage is the coverage that protects you in the event that you are found liable for causing personal injury or damage in an accident. Liability insurance provides legal defense to attempt to prove you were not liable. This coverage is very inexpensive when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
Add-on coverages may not be needed – There are a ton of additional coverages that sound like a good idea at the time if you aren’t careful. Insurance for roadside assistance, towing, and extra life insurance coverage are examples of these. The coverages may be enticing when discussing your needs, but if you don’t need them remove them from your policy.
Don’t let your policy lapse – Driving your car without having proper coverage can get you a ticket and as a result your rates will increase for letting your insurance lapse. And not only will your rates increase, failure to provide proof of insurance could earn you a hefty fine and possibly a revoked license. You may then have to provide proof of insurance in the form of an SR-22 filing with the California department of motor vehicles.
The more you drive the more you pay – The higher the mileage driven every year the higher your rate. Many insurance companies rate vehicles based upon how you use the vehicle. Cars and trucks left parked in the garage get more affordable rates than vehicles that have high annual mileage. An incorrectly rated 911 can cost quite a bit. Verify your insurance coverage properly reflects the correct usage, because improper ratings can cost you money.
Insurance losses for a Porsche 911 – Insurance companies use historical loss data to determine a price that will be profitable for them. Models that are shown to have higher claim amounts or frequency will have a higher cost to insure. The table below demonstrates the compiled insurance loss statistics for Porsche 911 vehicles.
For each policy coverage type, the statistical loss for all vehicles, as a total average, is set at 100. Values that are 100 or less suggest losses that are better than average, while values that are above 100 show a trend for more claims or a tendency for claims to be larger.
| Specific Porsche 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 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
The best insurance company isn’t always the cheapest
Some insurance providers may not offer rate quotes online and usually these smaller companies prefer to sell through independent agencies. Budget-friendly insurance in Oakland is available both online as well as from insurance agents, and you need to comparison shop both to have the best rate selection.
You just read a lot of ways to shop for Porsche 911 insurance online. The most important thing to understand is the more you quote Oakland auto insurance, the more likely it is that you will get a better rate. Consumers may even find the lowest priced insurance comes from some of the smallest insurance companies.
As you prepare to switch companies, never skimp on critical coverages to save a buck or two. Too many times, someone dropped uninsured motorist or liability limits and discovered at claim time that they should have had better coverage. Your strategy should be to find the BEST coverage at the best cost while still protecting your assets.
More information can be read below:
- Child Safety FAQ (iihs.org)
- Who Has the Cheapest Auto Insurance Quotes for Low Income Drivers in Oakland? (FAQ)
- Who Has Affordable Oakland Auto Insurance for Drivers Over Age 60? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Police Officers in Oakland? (FAQ)
- Avoiding Deer Collisions (Insurance Information Institute)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- Prepare your Teens for Safe Driving (InsureUonline.org)