It’s a known fact that auto insurance companies don’t want you to look at other companies. Drivers who shop rates annually are highly likely to switch insurance companies because there are good odds of finding a policy with more affordable rates. A survey found that people who regularly compared rates saved an average of $70 a month compared to policyholders who never compared rates.
If finding the best rates on insurance is your ultimate target, then knowing how to get free comparison quotes and analyze insurance can help you succeed in saving money.
The best way we recommend to get more affordable Porsche Cayman insurance is to compare prices regularly from providers that insure vehicles in Detroit.
Step 1: Try to comprehend how car insurance works and the changes you can make to drop your rates. Many rating factors that cause high rates such as getting speeding tickets and a lousy credit rating can be eliminated by making small lifestyle or driving habit changes.
Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from a single company like Progressive or Allstate, while independent agents can quote prices for a wide range of insurance providers.
Step 3: Compare the price quotes to your current policy premium to determine if switching companies saves money. If you find a lower rate quote, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Notify your agent or company of your intent to cancel the current policy and submit any necessary down payment along with the completed application for your new policy. Immediately place the new certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.
An essential thing to point out is to try to use the same deductibles and limits on every quote and and to get prices from as many different insurance providers as possible. Doing this enables the most accurate price comparison and a complete price analysis.
Do you qualify for discounts on Porsche Cayman insurance in Detroit?
Insurance can cost an arm and a leg, but you might already qualify for some discounts to cut the cost considerably. Some of these discounts will be visible when you get a quote, but some may not be applied and must be specifically requested before you get the savings. If you are not receiving all the discounts possible, you could be getting lower rates.
- Detroit Homeowners Discount – Just owning your own home may earn you a small savings because maintaining a house is proof that your finances are in order.
- Student Driver Training – Cut your cost by having your teen driver take driver’s ed class in school or through a local driver safety program.
- Senior Citizen Discount – Drivers that qualify as senior citizens may qualify for a slight reduction on a Detroit car insurance quote.
- Low Mileage Discounts – Keeping the miles down on your Porsche may enable drivers to earn cheaper rates.
- Defensive Driver Discounts – Participating in a course teaching safe driver skills could cut 5% off your bill if your company offers it.
- Responsible Drivers – Accident-free drivers can get discounts for up to 45% lower rates than their less cautious counterparts.
- Buy New and Save – Insuring a new Cayman can save up to 30% because new vehicles keep occupants safer.
Don’t be surprised that most credits do not apply to the whole policy. Most only cut individual premiums such as comprehensive or collision. Despite the appearance that having all the discounts means you get insurance for free, car insurance companies aren’t that generous.
The example below shows the comparison of Porsche Cayman insurance costs with and without discounts. The data assumes a female driver, a clean driving record, no claims, Michigan state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, safe-driver, multi-policy, claim-free, and multi-car discounts applied.
For a list of companies who offer car insurance discounts in Detroit, click here.
When shopping for Porsche Cayman insurance in Detroit there are multiple ways to compare rate quotes from all the different companies. The simplest method to find the lowest rates is to jump online and get quotes.
Comparing rates online is fast and free, and it takes the place of having to drive around to different agent offices. Shopping for car insurance online eliminates the middleman unless you have a complicated situation and need the trained advice that you can only get from talking to an agent. Although, it is possible price shop your coverage online and still use a local agent.
It’s important to know that more quotes helps locate a better price.
The auto insurance companies shown below offer price quotes in Detroit, MI. If multiple companies are listed, it’s highly recommended you visit as many as you can in order to get a fair rate comparison.
Porsche Cayman detailed coverage information
The rate table displayed next highlights different insurance costs for Porsche Cayman models. Having a better idea how insurance policy rates are figured can assist in making decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayman 2-Dr Coupe | $938 | $1646 | $904 | $54 | $270 | $3,812 | $318 |
| Cayman S 2-Dr Coupe | $938 | $1838 | $904 | $54 | $270 | $4,004 | $334 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in specific Detroit garaging location which can lower or raise prices considerably.
Where to set your deductibles
A question often asked by Detroit drivers is how high should the physical damage coverage deductibles be. The comparison tables below may help to illustrate the differences in price when you choose different policy deductibles. The first data set uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayman 2-Dr Coupe | $740 | $1380 | $690 | $40 | $206 | $3,081 | $257 |
| Cayman S 2-Dr Coupe | $740 | $1540 | $690 | $40 | $206 | $3,241 | $270 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayman 2-Dr Coupe | $456 | $868 | $690 | $40 | $206 | $2,260 | $188 |
| Cayman S 2-Dr Coupe | $456 | $968 | $690 | $40 | $206 | $2,360 | $197 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Premium amounts do not factor in specific zip code location which can change coverage rates greatly.
Based on the above data, using a $250 deductible costs roughly $71 more each month or $852 for a full year than buying the higher $1,000 deductible. Because you would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 11 months between claim filings, you would come out ahead if you choose a higher deductible.
You may require the services of a local insurance agent
Some consumers would rather have an agent’s advice and that is just fine! A good thing about getting online price quotes is you can get cheap rate quotes and still have a local agent. Putting coverage with local insurance agencies is definitely important in Detroit.
For easy comparison, once you complete this quick form, your insurance coverage information is instantly submitted to participating agents in Detroit that can provide free Detroit car insurance quotes for your insurance coverage. There is no reason to drive around because quoted prices will be sent immediately to you. You can get cheaper insurance rates without the usual hassles of price shopping. In the event you want to quote rates from a specific insurance company, you can always jump over to their website and give them your coverage information.
If you need to find local Detroit agents, there are a couple of different types of agencies and how they can service your needs differently. Agents in Detroit can either be exclusive agents or independent agents.
Independent Insurance Agents (or Brokers)
Agents that choose to be independent are not locked into one company and that gives them the ability to insure with an assortment of companies and find the cheapest rate. If prices rise, the agent simply finds a different carrier and you won’t have to switch agencies. When comparing rates, we highly recommend that you get several quotes from a few independent agents to have the most options to choose from.
Featured below is a list of independent agencies in Detroit that can possibly get you free rate quotes.
Midwest Underwriters Insurance
19640 Harper Ave – Grosse Pointe Woods, MI 48236 – (313) 884-8600 – View Map
LA Insurance
2922 W Grand Blvd – Detroit, MI 48202 – (313) 871-0100 – View Map
C B Irwin Insurance
2357 W Grand Blvd – Detroit, MI 48208 – (313) 894-2144 – View Map
Exclusive Insurance Agents
Exclusive agents have only one company to place business with like Allstate and State Farm. Exclusive agents are unable to shop your coverage around so you need to shop around if the rates are high. Exclusive agents are highly trained on their company’s products which helps them compete with independent agents.
Below is a list of exclusive agencies in Detroit willing to provide comparison quotes.
State Farm – Eric Huffman
3031 W Grand Blvd #568 – Detroit, MI 48202 – (313) 875-3172 – View Map
John Cash – State Farm Insurance Agent
19203 Grand River Ave – Detroit, MI 48223 – (313) 537-1200 – View Map
Allstate Insurance: Ago Benavides
3570 W Vernor Hwy – Detroit, MI 48216 – (313) 849-2000 – View Map
Picking an car insurance agent shouldn’t rely on just the premium amount. Below are some questions you should ask.
- When do they do policy reviews?
- Which insurance company do they prefer to write with?
- Do they offer claims assistance after hours?
- Are they giving you every discount you deserve?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Can you choose the body shop in case repairs are needed?
Compare but don’t skimp
Some insurance companies do not provide rate quotes online and usually these small insurance companies sell through local independent agencies. Discount Porsche Cayman insurance is attainable from both online companies in addition to local insurance agencies, and you need to price shop both so you have a total pricing picture.
In this article, we covered a lot of ways to get a better price on Porsche Cayman insurance in Detroit. The key concept to understand is the more quotes you get, the better likelihood of getting cheaper Detroit car insurance quotes. You may even be surprised to find that the best prices are with a company that doesn’t do a lot of advertising. These companies may cover specific market segments cheaper than their larger competitors like State Farm, GEICO and Nationwide.
Other learning opportunities
- Booster Seat Ratings (iihs.org)
- Who Has Affordable Car Insurance Quotes for a Toyota RAV4 in Detroit? (FAQ)
- How Much are Auto Insurance Quotes for a Chevrolet Silverado in Detroit? (FAQ)
- Who Has Affordable Detroit Car Insurance Rates for a Toyota Highlander? (FAQ)
- How Much is Detroit Auto Insurance for Welfare Recipients? (FAQ)
- What Car Insurance is Cheapest for Hybrid Vehicles in Detroit? (FAQ)
- What is the Best Car Insurance in Detroit? (DetroitInsure.com)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Avoiding Deer Collisions (Insurance Information Institute)