How to Compare Lincoln Porsche 911 Insurance

No sane person likes having to buy car insurance, especially when they are aware that their premiums are through the roof.

It’s a fact that car insurance companies don’t want policyholders to compare prices from other companies. People who shop around for cheaper prices are very likely to move their business because there is a high probability of finding a more affordable policy premium. A recent car insurance study discovered that consumers who compared prices once a year saved on average $3,400 over four years compared to policyholders who never shopped around for cheaper prices.

If saving money on auto insurance is your target objective, learning the best way to compare insurance rates can make shopping around easier.

Due to the large number of insurance companies to choose from that have cheaper insurance for a Porsche 911 in Lincoln, it’s difficult to pick the lowest price company.

Affordable auto insurance in Lincoln, NE

The companies in the list below have been selected to offer comparison quotes in Nebraska. If you want cheap auto insurance in Lincoln, we suggest you visit two to three different companies to get a more complete price comparison.

Insurance rate breakdown

The premium table displayed below outlines a range of coverage prices for Porsche 911 models. Understanding more about how car insurance prices are figured is important for drivers to make decisions on the best policy coverages.

Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Table data does not factor in vehicle garaging location which can influence rates greatly.

Deductible comparison

A question often asked by Lincoln drivers is which deductibles should you choose. The rates below summarize how much more rates are between low and high coverage deductibles. The first pricing table uses a $250 deductible and the second set of prices uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in zip code location which can decrease or increase prices noticeably.

Based on the figures above, using a $250 deductible could cost the average driver approximately $21 more each month or $252 every year than choosing the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you average at least 12 months between claims, you would save more money if you elect the higher deductible.

Auto insurance premiums by gender

The illustration below visualizes the comparison of Porsche 911 car insurance rates for male and female drivers. The information is based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

Comparison of full coverage and liability-only policies

The chart below illustrates the difference between Porsche 911 auto insurance rates with full coverage compared to only the Nebraska minimum liability coverage. The premiums are based on no driving violations, no at-fault accidents, $100 deductibles, single marital status, and no discounts are factored in.

When to drop full coverage

There is no clear-cut formula that works best for making the decision to drop physical damage coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s pretend your Porsche 911 book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $6,000 after the deductible is paid. If premium cost is more than $600 annually for physical damage coverage, then it might be time to consider dropping full coverage.

There are some cases where only buying liability is not a good idea. If you haven’t paid off your loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should maintain full coverage.

Score discounts on Lincoln car insurance

Car insurance companies don’t list every possible discount in a way that’s easy to find, so we break down some of the more common as well as some of the hidden savings tricks you should be using when you buy Lincoln auto insurance online.

• Multiple Cars – Buying coverage for more than one vehicle with one company can reduce rates for all insured vehicles.
• Accident Free – Lincoln drivers who stay claim-free pay less in comparison with drivers with a long claim history.
• Home Ownership Discount – Owning a house in Lincoln may earn you a small savings due to the fact that maintaining a home demonstrates responsibility.
• Memberships – Having an affiliation with specific professional or occupational memberships or organizations could earn you a nice discount when shopping for car insurance.
• Sign Online – A few larger online companies will give a small break for buying a policy and signing up on their website.
• Data Collection Discounts – Policyholders that allow data collection to analyze driving patterns by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates if they exhibit good driving behavior.
• Low Mileage Discounts – Low mileage vehicles could be rewarded with slightly better car insurance rates than normal.

Just know that many deductions do not apply to the entire cost. The majority will only reduce individual premiums such as comp or med pay. Even though the math looks like all those discounts means the company will pay you, that’s just not realistic.

The diagram below shows the difference between Porsche 911 car insurance costs with and without policy discounts. The premiums assume a female driver, no driving violations, no at-fault accidents, Nebraska state minimum liability limits, full physical damage 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, multi-car, multi-policy, marriage, and safe-driver discounts applied.

The best car insurance companies and a selection of discounts include:

• Farmers Insurance offers discounts including electronic funds transfer, bundle discounts, distant student, mature driver, and early shopping.
• Esurance may have discounts that include multi-policy, good driver, claim free, multi-car, good student, and Pac-12 alumni.
• State Farm may offer discounts for Drive Safe & Save, passive restraint, defensive driving training, good student, accident-free, driver’s education, and student away at school.
• GEICO includes discounts for federal employee, multi-vehicle, anti-lock brakes, good student, and membership and employees.
• Allstate policyholders can earn discounts including 55 and retired, premier plus, multi-policy, early signing, and safe driver.

If you need low cost Lincoln auto insurance quotes, ask all the companies which discounts they offer. Savings may not apply to policyholders in Lincoln. If you would like to choose from a list of car insurance companies who offer discounts in Nebraska, click here.

Why Informed Consumers Pay Less for Porsche 911 Insurance

When buying car insurance it’s important to understand some of the factors that help calculate the rates you pay for car insurance. If you have some idea of what influences your rates, this helps enable you to make changes that can help you get big savings. Multiple criteria are considered when you quote your car insurance policy. Some are obvious like your driving record, although others are less obvious like your continuous coverage or your vehicle rating.

The factors shown below are a few of the things used by your company to calculate your premiums.

• Higher premiums for policy lapses – Going without insurance will be a fast way to bump up your car insurance costs. Not only will rates go up, not being able to provide proof of insurance can result in a revoked license or a big fine. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Nebraska department of motor vehicles.
• Big city or small town – Being located in a rural area has it’s advantages when insuring your vehicles. City drivers have much more traffic and a longer drive to work. Less people living in that area translates into fewer accidents.

• Better drivers have lower prices – A bad driving record can have a huge impact on auto insurance premiums. Having just one citation can increase the cost of insurance substantially. Good drivers get better rates than their less careful counterparts. Drivers unfortunate enough to have serious violations such as DUI, reckless driving or excessive speeding may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to legally drive a vehicle.

  The illustration below demonstrates how speeding tickets and fender-benders influence Porsche 911 yearly insurance costs for each different age group. The price estimates are based on a married male driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

• Do you know your deductibles? – Physical damage deductibles are how much you are required to spend if the claim is covered. Insurance for physical damage to your car, also called ‘full coverage’, protects your car from damage. Some instances where coverage would apply would be rear-ending another vehicle, vandalism, and damage caused by road hazards. The higher the amount you’re willing to pay, the lower your rates will be.
• How many miles do you drive? – The more you drive every year the more you will pay for car insurance. Almost all companies calculate rates partially by how you use the vehicle. Cars and trucks that do not get driven very much can get a lower rate than vehicles that are driven to work every day. Verify your vehicle rating correctly shows how each vehicle is driven. Having the wrong rating on your 911 may be wasting your money.
• Lower rates with a multi-policy discount – Many companies will give a discount to people that have more than one policy. It’s known as a multi-policy discount. The discount can be ten or even fifteen percent. Even if you qualify for this discount already, consumers should still comparison shop to make sure you are getting the best deal. You may still save more without the discount even if you insure with multiple companies

• Insurance loss data for a Porsche 911 – Insurers take into consideration insurance loss statistics for every vehicle to calculate a price that will offset any claims. Models that historically have higher losses will have higher rates.

  The information below illustrates the insurance loss data used by companies for Porsche 911 vehicles. For each policy coverage type, the claim probability for all vehicles, as an average, is set at 100. Percentage numbers below 100 suggest a positive loss record, while numbers above 100 indicate frequent claims or tendency to have larger claims.

  
  

  Insurance Loss Ratings for Porsche 911 Vehicles

  Vehicle Make and 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
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Tailor your insurance coverage to you

When choosing adequate coverage for your vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is unique.

These are some specific questions could help you determine whether or not you could use an agent’s help.

• Where can I find high-risk insurance?
• Do I have coverage when using my vehicle for my home business?
• What is an umbrella policy?
• Should I put collision coverage on all my vehicles?
• Does my insurance cover a custom paint job?
• Will I be non-renewed for getting a DUI or other conviction?
• Does my car insurance cover rental cars?
• If my pet gets injured in an accident are they covered?
• Is business equipment covered while in my vehicle?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Compare prices but buy from a neighborhood Lincoln auto insurance agent

A lot of people just prefer to go talk to an agent and that can be a smart move One of the benefits of comparing insurance prices online is the fact that drivers can get lower rates and still have a local agent.

To find an agent, once you fill out this quick form, the quote information is immediately sent to local insurance agents in Lincoln that give free quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to find an agent due to the fact that quote results will go to you directly. You can find better rates without a big time investment. If you want to compare prices from a particular provider, you just need to visit that company’s website and submit a quote form there.

Finding the right insurer shouldn’t rely on just the price. A good agent in Lincoln will have answers to these questions.

• If you are a high risk driver, do they have special markets for your coverage?
• Will your rates increase after a single accident?
• Does the agency have a positive business rating?
• Can you use your own choice of collision repair facility?
• Are aftermarket or OEM parts used to repair vehicles?
• Do they make recommendations based only on price?
• How much will you save each year by using a higher deductible?
• What discounts might you be missing?

What type of Lincoln car insurance agent is right for you?

If you prefer to buy auto insurance from a reliable agent, there are a couple of types of agencies and how they work. Lincoln agents are either exclusive or independent (non-exclusive).

Exclusive Auto Insurance Agencies

Exclusive insurance agents have only one company to place business with like AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents cannot compare other company’s rates so they have to upsell other benefits. Exclusive agents receive a lot of sales training in insurance sales which helps offset the inability to provide other markets.

Listed below is a list of exclusive agents in Lincoln who can help you get rate quotes.

More insurance agents

Independent Agents (or Brokers)

These type of agents do not sell for just one brand so they can write business with lots of companies and get the cheapest rates. If you want to switch companies, the business is moved internally which is easy for the insured.

If you are trying to find cheaper rates, we highly recommend that you contact at a minimum one independent agency so that you have a good selection of quotes to compare.

Below are independent insurance agents in Lincoln who can help you get rate quotes.

More insurance agents

One last thing to lower rates

Drivers leave their current company for a number of reasons such as high rates after DUI convictions, not issuing a premium refund, denial of a claim and even delays in paying claims. It doesn’t matter why you want to switch choosing a new insurance company can be pretty painless.

Throughout this article, we presented a lot of ways to shop for Porsche 911 insurance online. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even discover the lowest priced insurance comes from a small mutual company.

As you restructure your insurance plan, never reduce coverage to reduce premium. There have been many cases where an insured cut physical damage coverage only to regret that the few dollars in savings costed them thousands. Your aim should be to purchase plenty of coverage at the best possible price.

How to find low-cost Porsche 911 insurance in Lincoln

It takes a few minutes, but the best way to get more affordable Porsche 911 insurance is to start doing a yearly price comparison from different companies who sell auto insurance in Lincoln.

1. Get a basic knowledge of what coverages are included in your policy and the steps you can take to prevent rate increases. Many factors that drive up the price such as traffic tickets, fender benders, and an unacceptable credit score can be rectified by making minor driving habit or lifestyle changes.
2. Quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from a single company like GEICO and Allstate, while independent agents can give you price quotes from multiple companies. Compare rates
3. Compare the price quotes to your existing policy and see if you can save money. If you can save money, ensure coverage does not lapse between policies.
4. Notify your agent or company of your decision to cancel your current coverage and submit any necessary down payment along with the completed application to your new insurance company. Once the application is submitted, keep the new certificate verifying coverage with your vehicle’s registration.

The most important part of shopping around is to compare the same coverage limits and deductibles on each quote request and and to look at every insurance company. Doing this helps ensure an accurate price comparison and the best price quote selection.

More learning opportunities

• New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
• How Much is Auto Insurance for Welfare Recipients in Lincoln? (FAQ)
• Who Has Cheap Lincoln Car Insurance for a Toyota Camry? (FAQ)
• Who Has Cheap Auto Insurance Quotes for Retired Military in Lincoln? (FAQ)
• Who Has Cheap Auto Insurance for Real Estate Agents in Lincoln? (FAQ)
• How Much Auto Coverage do I Need? (Insurance Information Institute)
• Teen Driving and Texting (State Farm)
• Teen Driving Statistics (iihs.org)