Auto Insurance Quotes for a Porsche Boxster in Lincoln

Surprisingly, a recent survey revealed that the majority of drivers kept buying from the same company for well over three years, and approximately 40% of consumers have never quoted rates to find lower-cost coverage. Nebraska drivers could save themselves almost 30% a year by just shopping around, but they underestimate the rate savings if they switched.

The best way to find better pricing on auto insurance rates in Lincoln is to compare quotes once a year from companies who sell insurance in Nebraska. This can be done by following these guidelines.

1. Spend a few minutes and learn about policy coverages and the changes you can make to prevent expensive coverage. Many things that result in higher prices such as traffic violations and a bad credit score can be remedied by making minor changes to your lifestyle.
2. Obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO or Allstate, while independent agencies can quote prices from many different companies.
3. Compare the new rate quotes to your existing policy to see if cheaper Boxster coverage is available in Lincoln. If you can save money and decide to switch, make sure there is no lapse in coverage.
4. Tell your current company to cancel your current car insurance policy. Submit payment and a completed application to the new company. Make sure you safely store the certificate verifying coverage with the vehicle registration.

One thing to point out is that you use the same physical damage deductibles and liability limits on every quote request and and to get quotes from as many different companies as possible. Doing this provides the most accurate price comparison and a better comparison of the market.

Lowering your auto insurance rates is a great way to save money. You just have to spend a few minutes on the computer to compare rate quotes from online providers.

The companies in the list below provide price comparisons in Nebraska. In order to find cheaper car insurance in Lincoln, we recommend you get rate quotes from several of them to get the best price comparison.

Insurance rate breakdown

The information shown next covers a range of insurance premium costs for Porsche Boxster models. Learning more about how insurance prices are figured can help drivers make smart choices when buying a policy.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Estimates do not factor in specific location information which can modify coverage prices significantly.

Car insurance deductibles

When shopping for car insurance, a common question is how high should the physical damage deductibles be. The following tables may aid in understanding the rate differences of buying low and high coverage deductibles. The first data set uses a $250 physical damage coverage deductible and the second price chart uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Rate information does not factor in vehicle garaging location which can influence coverage prices substantially.

Based on the data above, we can derive that using a $250 deductible would cost the average driver about $29 more each month or $348 a year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 26 months between claims, you would save money if you opt for a higher deductible.

Reckless driving habits raise Lincoln car insurance rates

The example below illustrates how violations and fender-benders can increase Porsche Boxster car insurance rates for each different age category. The information is based on a married male driver, full coverage, $500 deductibles, and no discounts are applied.

Rate comparison of full coverage and liability-only

The example below shows the difference between Porsche Boxster insurance prices with full physical damage coverage compared to only buying liability only. The data is based on no claims, a clean driving record, $100 deductibles, single marital status, and no discounts are taken into consideration.

Should you buy full coverage or liability only?

There is no definitive guideline for phasing out comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let’s say your Porsche Boxster book value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after the policy deductible has been paid. If it’s costing in excess of $700 annually to have full coverage, then it might be time to buy liability only.

There are a few cases where removing full coverage is not in your best interest. If you still have a loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Do you qualify for discounts on Porsche Boxster insurance in Lincoln?

Car insurance is expensive, but you might be missing out on some discounts that can drop the cost substantially. Certain reductions will be credited when you complete an application, but some discounts are required to be specially asked for in order for you to get them. If you check and find you aren’t receiving every discount you deserve, you are not getting the best rate possible.

• Passive Restraints and Air Bags – Factory air bags can qualify for discounts of up to 25% or more.
• Discount for Swiching Early – Some companies reward drivers for signing up prior to the expiration date on your current Boxster insurance policy. It could save around 10% when you buy Lincoln auto insurance online.
• Theft Deterrent Discount – Cars equipped with anti-theft or alarm systems can help prevent theft and therefore earn up to a 10% discount.
• Save with a New Car – Buying a new car model may earn a small discount because new vehicles keep occupants safer.
• Multi-Vehicle Discounts – Insuring primary and secondary vehicles with the same company can reduce rates for all insured vehicles.
• Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to buckle their seat belts could cut 10% or more off the personal injury premium cost.

Discounts save money, but please remember that most discounts do not apply to the whole policy. Most only apply to the cost of specific coverages such as collision or personal injury protection. Just because you may think adding up those discounts means a free policy, it’s just not the way it works.

The chart below shows the difference between Porsche Boxster insurance prices with and without policy discounts. The premiums assume a female driver, no violations or accidents, Nebraska state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, marriage, multi-policy, safe-driver, and multi-car discounts applied.

A partial list of companies who may offer some of the above discounts may include but are not limited to:

• State Farm
• GEICO
• Progressive
• 21st Century
• American Family
• The Hartford
• AAA

When comparing rates, check with every insurance company to apply every possible discount. Some discounts might not be offered in Lincoln. To locate car insurance companies who offer cheap Porsche Boxster insurance quotes in Nebraska, click here.

Why insurance is not optional

Despite the high cost of buying insurance for a Porsche Boxster in Lincoln, maintaining insurance may be required for several reasons.

First, just about all states have mandatory insurance requirements which means the state requires a specific minimum amount of liability protection if you want to drive legally. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you took out a loan on your Boxster, almost every bank will require that you carry insurance to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the lender will be forced to insure your Porsche at a much higher rate and require you to fork over the higher price.

Third, insurance protects not only your Porsche but also your assets. It also can pay for all forms of medical expenses that are the result of an accident. Liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.

The benefits of having insurance definitely exceed the cost, especially for larger claims. The average driver in America overpays more than $750 every year so we recommend shopping around at every renewal to save money.

What is the best insurance coverage?

When quoting and choosing your policy for your personal vehicles, there really isn’t a one-size-fits-all type of policy. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that can help discover if you could use an agent’s help.

• How high should my uninsured/underinsured coverage be in Nebraska?
• Will my insurance pay for OEM parts?
• Does my policy cover my teen driver if they drive my company car?
• Are rock chip repairs covered?
• Does medical payments coverage apply to all occupants?
• Am I covered when driving someone else’s vehicle?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form. It is quick, free and you can get the answers you need.

When to talk to a local insurance agent

Some people still prefer to get advice from a local agent and that can be a great decision Experienced insurance agents are trained to spot inefficiencies and give you someone to call. The biggest benefit of comparing auto insurance online is the fact that drivers can get cheap auto insurance rates and still have a local agent.

After filling out this quick form, the quote information is instantly submitted to insurance agents in Lincoln who will give competitive quotes and help you find cheaper coverage. You don’t have to find an agent on your own since rate quotes are delivered to you instantly. If you need to get a price quote from one company in particular, you can always go to their quote page and fill out their quote form.

Finding the right insurer shouldn’t rely on just a cheap price. Here are some questions you should ask.

• Will a damage claim use OEM or aftermarket replacement parts?
• What is their Better Business Bureau rating?
• Are there any extra charges for paying monthly?
• What are the financial ratings for the companies they represent?
• Do they have 24-hour customer assistance?
• Do they review policy coverages at every renewal?
• What insurance companies do they work with in Lincoln?
• Are claims handled at the agent’s location?

Detailed coverages of your auto insurance policy

Knowing the specifics of a auto insurance policy helps when choosing the best coverages and proper limits and deductibles. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy.

Comprehensive (Other than Collision) – This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from getting keyed, damage from a tornado or hurricane and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers – This provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many Nebraska drivers only carry the minimum required liability limits (25/50/25 in Nebraska), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability coverages – Liability coverage will cover damages or injuries you inflict on people or other property that is your fault. This coverage protects you against other people’s claims. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers things like attorney fees, court costs, medical services, emergency aid and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but consider buying higher limits if possible. Nebraska requires minimum liability limits of 25/50/25 but drivers should carry more liability than the minimum.

The next chart shows why the minimum limit may not be high enough to adequately cover claims.

Medical expense insurance – Med pay and PIP coverage provide coverage for immediate expenses for hospital visits, prosthetic devices and rehabilitation expenses. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Collision coverage – Collision insurance covers damage to your Boxster caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like hitting a parking meter, hitting a mailbox and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also choose a higher deductible on your Boxster to bring the cost down.