Finding low-cost insurance for a Porsche Cayenne in Michigan can turn out to be a lot of work, but you can follow these tips and make it easy. There is a right way and a wrong way to buy auto insurance and we’ll show you the absolute fastest way to compare rates for a Porsche and obtain the best price possible.
If you are already insured or need new coverage, use these money-saving tips to get lower rates and possibly find even better coverage. Locating the best auto insurance policy in Detroit is not as hard as you may think. Consumers just need to understand the least time-consuming way to compare different rates online.
The companies shown below offer comparison quotes in Detroit, MI. If you want to find cheap auto insurance in MI, it’s highly recommended you visit two to three different companies to get the best price comparison.
Rates and data analysis
The data table shown below showcases different insurance policy prices for Porsche Cayenne models. Being more informed about how insurance quotes are established can be of help when making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayenne | $636 | $1196 | $726 | $42 | $218 | $2,818 | $235 |
| Cayenne S | $696 | $1352 | $726 | $42 | $218 | $3,034 | $253 |
| Cayenne GTS | $696 | $1510 | $726 | $42 | $218 | $3,192 | $266 |
| Cayenne S Transyberia | $696 | $1510 | $726 | $42 | $218 | $3,192 | $266 |
| Cayenne GTS PD Edition 3 | $754 | $1666 | $726 | $42 | $218 | $3,406 | $284 |
| Cayenne Turbo | $814 | $1666 | $726 | $42 | $218 | $3,466 | $289 |
| Cayenne Turbo S | $932 | $1980 | $726 | $42 | $218 | $3,898 | $325 |
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Rates do not factor in specific garaging location which can modify price quotes significantly.
The chart below illustrates how choosing a deductible and can influence Porsche Cayenne insurance costs for each age group. The costs are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.
Full coverage rates vs. liability-only in Detroit
The information below compares Porsche Cayenne insurance rates with and without physical damage coverage. The prices are based on no accidents or driving violations, $500 deductibles, marital status is single, and no discounts are applied to the premium.
Are you wasting money on full coverage?
There is no written rule for dropping full coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s say your Porsche Cayenne book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $2,000 after the deductible is paid. If premium cost is more than $200 a year for full coverage, the it may be a good time to stop paying for full coverage.
There are a few cases where eliminating full coverage is not a good plan. If you haven’t paid off your loan, you have to carry full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Cheap Porsche Cayenne insurance in Detroit
Companies offering auto insurance do not list the complete list of policy discounts in a way that’s easy to find, so the next list breaks down a few of the more well known and also the lesser-known credits available to bring down your rates.
- Anti-theft System – Vehicles that have factory alarm systems and tracking devices are stolen less frequently so companies will give you a small discount.
- More Vehicles More Savings – Drivers who insure all your vehicles on a single policy can reduce rates for all insured vehicles.
- Military Deployment Discount – Being on active duty in the military could be rewarded with lower rates.
- Senior Citizen Rates – If you’re over the age of 55, you may qualify for a discount up to 10%.
- Full Payment Discount – By making one initial payment rather than paying in monthly installments you could save 5% or more.
- Braking Control Discount – Anti-lock brake equipped vehicles have fewer accidents and qualify for as much as a 10% discount.
Please keep in mind that most of the big mark downs will not be given to your bottom line cost. Most only reduce individual premiums such as liability and collision coverage. If you do the math and it seems like you can get free auto insurance, that’s just not realistic.
The example below compares Porsche Cayenne insurance prices with and without policy discounts. The rates are based on a female driver, no accidents or driving violations, Michigan state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-car, multi-policy, homeowner, and marriage discounts applied.
If you would like to choose from a list of insurers that provide some of the discounts listed above in Detroit, click here.
Three good reasons to insure your Porsche Cayenne
Even though it can be expensive, insurance is required in Michigan but also provides important benefits.
First, most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability protection in order to drive the car. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a loan on your Cayenne, it’s guaranteed your bank will require you to buy full coverage to guarantee payment of the loan. If the policy lapses, the bank will be required to insure your Porsche for a much higher rate and require you to fork over the higher price.
Third, auto insurance preserves not only your vehicle but also your financial assets. Insurance will also pay for hospital and medical expenses for yourself as well as anyone injured by you. As part of your policy, liability insurance also pays for attorney fees and expenses if you cause an accident and are sued. 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 all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance are without a doubt worth the cost, particularly when you have a large claim. The average driver in Michigan overpays as much as $700 annually so smart consumers compare quotes each time the policy renews to make sure the price is not too high.
Special considerations
When quoting and comparing coverage online or from an agent for your vehicles, there is no cookie cutter policy. Everyone’s situation is a little different.
Here are some questions about coverages that might help in determining if your situation could use an agent’s help.
- Will I be non-renewed for getting a DUI or other conviction?
- How do I buy GAP insurance?
- Am I getting all the discounts available?
- Will I lose any money if I cancel my policy before it expires?
- Who sells insurance for high-risk drivers?
- If my car is totaled with they pay enough to replace it?
- Can I drive in Mexico and have coverage?
- Can I cancel at any time?
- Does insurance cover tools stolen from my truck?
If you’re not sure about those questions, you may need to chat with a licensed agent. To find lower rates from a local agent, complete this form. It is quick, free and you can get the answers you need.
When should I have guidance from an insurance agent?
Certain consumers still prefer to go talk to an agent and that is just fine! Experienced insurance agents can point out coverage gaps and help you file claims. An additional benefit of comparing rates online is you may find cheap rate quotes and still have an agent to talk to.
Upon completion of this form (opens in new window), the coverage information is submitted to insurance agents in Detroit who will give you quotes to get your business. You don’t have to find an agent on your own due to the fact that quote results will go straight to your inbox. If you need to get a price quote from a specific auto insurance provider, you just need to find their quoting web page and submit a quote form there.
Selecting a insurer is decision based upon more than just a cheap price quote. These questions are important to ask:
- Which members of your family are coverage by the policy?
- Are they in the agency full-time?
- Is coverage determined by price?
- Will they give you a referral list?
- Are they giving you every discount you deserve?
- Is the agency involved in supporting local community causes?
- When do they do a full risk review?
- Can glass repairs be made at your home?
Shown below are agents in Detroit that may be able to provide price quote information for Porsche Cayenne insurance in Detroit.
- Allstate Insurance: Ago Benavides
3570 W Vernor Hwy – Detroit, MI 48216 – (313) 849-2000 – View Map - Titan Insurance
3144 Woods Cir Dr – Detroit, MI 48207 – (313) 974-7085 – View Map - Kenya Wells – State Farm Insurance Agent
20021 Kelly Rd – Detroit, MI 48225 – (313) 822-5948 – View Map - L.A. Insurance Agency 150
14701 Mack Ave – Detroit, MI 48215 – (313) 884-8888 – View Map