Car Insurance Rates for a Porsche Boxster in Oakland

Are you tired of trying to find low-cost car insurance rates in Oakland, CA? Oakland consumers have a choice when looking for the lowest priced Porsche Boxster insurance. You can either spend your time struggling with agents getting price quotes or use the internet to find the lowest rates.

There is a right way and a wrong way to find car insurance online so you’re going to learn the best way to compare rates for your Porsche and find the lowest possible price.

You should take the time to compare rates periodically because prices go up and down regularly. Even if you got the lowest quotes on Porsche Boxster insurance in Oakland two years ago there may be better deals available now. Forget anything you know (or think you know) about car insurance because I’m going to teach you how to use online quotes to reduce your cost while increasing coverage.

Why Your Insurance Rates might be higher

Many factors are part of the equation when you get your auto insurance bill. Most are fairly basic such as your driving record, but others are not quite as obvious like your continuous coverage or how financially stable you are. An important part of buying insurance is that you know a few of the rating criteria that aid in calculating your premiums. If you understand what impacts premium levels, this enables you to make decisions that could result in much lower annual insurance costs.

Listed below are a few of the things used by companies to determine prices.

• High credit rating translates to low premiums – An insured’s credit score is a big factor in calculating your premium rate. Therefore, if your credit history is low, you could save money insuring your Porsche Boxster by repairing your credit. Insureds with very good credit scores tend to be better risks to insure than those with poor credit.
• Consider raising deductibles – The deductibles state the amount of money you are required to spend out-of-pocket if a covered claim is submitted. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. A few examples of covered claims are rear-ending another vehicle, collision with a deer, and damage caused by road hazards. The higher the amount you have to pay, the better rate you will receive.
• Drive less and save – The more miles you rack up on your Porsche annually the more you’ll pay to insure your vehicle. A lot of insurance companies apply a rate based on how the vehicle is used. Cars left parked in the garage get more affordable rates as compared to vehicles used primarily for driving to work. An improperly rated Boxster can result in significantly higher rates. It’s always a good idea to double check that your policy properly reflects how each vehicle is driven.
• Pay more if you have a long commute – Having an address in a small town can save you money when trying to find low car insurance rates. Less people living in that area translates into fewer accidents and lower theft and vandalism rates. Urban drivers have more aggressive driving styles and higher rates of accident claims. More time behind the wheel means higher likelihood of an accident.

• Expect high rates for teens – Young drivers in California are statistically shown to be inattentive when driving with friends therefore auto insurance rates are much higher. Parents adding a inexperienced driver to your auto insurance policy can break the bank. More experienced drivers are proven to be safer behind the wheel, cost insurance companies less in claims, and get fewer tickets.

  The following data uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Too many insurance claims drive up prices – Auto insurance companies in California give most affordable rates to insureds who do not rely on their insurance for small claims. If you file a lot of claims you can pretty much guarantee either higher rates or even cancellation. Auto insurance is intended for claims that pose a financial burden.

• Porsche Boxster claim probability – Insurers analyze historical claim data as a way to help calculate a profitable premium rate. Vehicles that the data shows to have higher losses will be charged more to insure. The next table shows the historical insurance loss data for Porsche Boxster vehicles.

  For each policy coverage, the claim amount for all vehicles, as an average, is represented as 100. Values that are 100 or less suggest losses that are better than average, while numbers shown that are more than 100 indicate more frequent claims or statistically larger claims.

  
  

  Auto Insurance Loss Data for Porsche Boxster Models

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Porsche Boxster Convertible	135	47	121	31

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Porsche Boxster coverage statistics

The price information shown below showcases detailed analysis of policy rates for Porsche Boxster models. Learning as much as possible about how car insurance prices are figured can benefit drivers when making smart policy decisions.

Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Price information does not factor in Oakland location which can lower or raise price quotes substantially.

Analysis of deductible levels

One common question asked by Oakland drivers is how high should the deductibles for physical damage be. The rates below can help you understand the rate fluctuation between low and high insurance deductibles. The first rate estimation uses a $250 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rate quotes do not factor in garaging location in Oakland which can influence insurance rates greatly.

We can derive from the above data that using a $250 deductible costs about $23 more each month or $276 for a full year averaged for all Boxster models than choosing the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 11 months between claims, you would most likely save money if you choose a higher deductible.

The example below demonstrates how deductible levels and can increase or decrease Porsche Boxster insurance prices for different age groups. The premiums are based on a single male driver, full coverage, and no other discounts are factored in.

Tickets and at-fault accidents raise rates

The information below illustrates how traffic citations and at-fault fender-benders raise Porsche Boxster auto insurance costs for different age groups of insureds. The premiums are based on a single male driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

Do you qualify for discounts?

Properly insuring your vehicles can get expensive, but you may be missing some discounts that can drop the cost substantially. Most are applied when you complete an application, but lesser-known reductions have to be asked for prior to getting the savings.

• Passive Restraints and Air Bags – Vehicles equipped with air bags and/or automatic seat belt systems may qualify for discounts of 20% or more.
• Multiple Cars – Purchasing coverage when you have multiple cars with the same company can get a discount for every vehicle.
• Drive Less and Save – Fewer annual miles on your Porsche can qualify you for substantially lower auto insurance rates.
• Include Life Insurance and Save – Insurance carriers who offer life insurance give a break if you buy a life policy as well.
• Renewal Discounts – A few companies give discounts for buying a new policy early. This discount can save up to 10%.
• Save over 55 – If you qualify as a senior citizen, you can possibly qualify for a slight reduction on a Oakland car insurance quote.
• Seat Belt Discounts – Forcing all vehicle occupants to buckle up before driving can save a little off PIP or medical payments premium.
• Data Collection Discounts – Insureds who allow their company to monitor driving manner through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate may see discounts if they are good drivers.
• Driver Education Discount – Require your teen driver to enroll in driver’s education in school.

Drivers should understand that many deductions do not apply to the whole policy. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. If you do the math and it seems like you could get a free auto insurance policy, it just doesn’t work that way.

The information below shows the difference between Porsche Boxster insurance premiums with and without discounts applied to the policy rates. The price estimates are based on a female driver, no violations or claims, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, safe-driver, claim-free, multi-policy, and multi-car discounts applied.

Some of the larger companies that have most of the discounts above are:

• Progressive
• The Hartford
• Mercury Insurance
• GEICO
• AAA
• State Farm

Before buying, ask every company which discounts you qualify for. Discounts may not apply to policies in Oakland. For a list of auto insurance companies that offer multiple discounts in Oakland, click here.

One last note

Drivers switch companies for any number of reasons including extreme rates for teen drivers, policy cancellation, high rates after DUI convictions or questionable increases in premium. Whatever your reason, choosing a new insurance company can be easy and end up saving you some money.

As you quote Oakland car insurance, don’t be tempted to reduce coverage to reduce premium. In many cases, an insured dropped comprehensive coverage or liability limits only to regret at claim time that it was a big mistake. Your focus should be to get the best coverage possible at the lowest possible cost and still be able to protect your assets.

More affordable car insurance in Oakland is attainable both online and also from your neighborhood Oakland agents, so you need to quote Oakland car insurance with both in order to have the best price selection to choose from. Some insurance companies don’t offer price quotes online and most of the time these small insurance companies provide coverage only through independent agencies.

Steps to buying discount Porsche Boxster insurance in Oakland

The best way we recommend to find affordable car insurance rates is to compare prices once a year from providers in Oakland.

• First, read about how insurance companies determine prices and the modifications you can make to prevent rate increases. Many factors that result in higher prices like your driving record and a poor credit rating can be improved by improving your driving habits or financial responsibility.
• Second, get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Farmers Insurance, while independent agents can provide price quotes from many different companies.
• Third, compare the new rate quotes to your existing policy to see if you can save by switching companies. If you can save money, make sure there is no coverage gap between policies.
• Fourth, give proper notification to your current agent or company to cancel your current car insurance policy and submit payment and a completed application to the new company. Once the paperwork is finalized, safely store the certificate verifying coverage above your visor, in the console, or in the glove compartment.

A good tip to remember is to try to compare the same physical damage deductibles and liability limits on each price quote and and to get price quotes from as many car insurance companies as possible. This ensures an accurate price comparison and the best price selection.

Additional detailed information can be read in these articles:

• Auto Insurance Learning Center (State Farm)
• How Much is Oakland Car Insurance for 18 Year Olds? (FAQ)
• Who Has the Cheapest Oakland Auto Insurance Quotes for Ride Shares? (FAQ)
• How Much is Car Insurance for Drivers with Accidents in Oakland? (FAQ)
• New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
• What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
• Teen Driving Statistics (iihs.org)