It’s well known that insurance companies want to keep you from shopping around. Consumers who shop around for a cheaper policy are inclined to switch companies because they have good chances of finding a lower rate. Surprisingly, a recent survey revealed that drivers who shopped around annually saved over $3,400 over four years compared to policyholders who never compared other company’s rates.
If finding the cheapest rates on Porsche Cayenne insurance is the reason you’re reading this, then knowing the best way to shop and compare car insurance can help simplify the process.
Truthfully, the best way to find cheaper Porsche Cayenne insurance is to start comparing rates regularly from providers in Cincinnati.
First, take a few minutes and learn about policy coverages and the measures you can control to drop your rates. Many rating factors that result in higher rates like accidents, traffic violations, and a low credit score can be amended by making minor changes in your lifestyle. Read the full article for additional tips to help reduce prices and get additional discounts.
Second, request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like GEICO or Allstate, while independent agents can provide price quotes from multiple sources. View rates
Third, compare the price quotes to your existing rates to see if a cheaper price is available in Cincinnati. If you find a lower rate quote, make sure coverage does not lapse between policies.
Fourth, provide adequate notice to your current company of your intent to cancel the current policy. Submit a down payment along with a signed application to your new company or agent. As soon as you can, safely store the certificate verifying proof of insurance with the vehicle registration.
The most important part of this process is to try to compare identical coverages on each quote and to quote with every company you can. This ensures the most accurate price comparison and a complete selection of prices.
If you have a policy now or need a new policy, follow these tips to find better prices while maximizing coverage. The purpose of this post is to familiarize you with how car insurance quotes work and some tricks to saving. Smart shoppers just have to know the proper methods to compare insurance rates on the web.
The best way to get policy rate comparisons for Porsche Cayenne insurance in Cincinnati is to understand auto insurance companies will pay a fee to provide you with free rate quotes. To get started, all you need to do is provide details like whether the vehicles are used for commuting, an estimate of your credit level, how much school you completed, and driver details. Your details is instantly sent to multiple different insurance companies and they return quotes within a short period of time.
To find lower cheaper Porsche Cayenne insurance rates now, click here and complete the form.
The companies in the list below are our best choices to provide comparison quotes in Ohio. To buy cheaper auto insurance in Ohio, we recommend you visit as many as you can to get the lowest price.
Rates and information analytics
The coverage information displayed below outlines a range of prices for Porsche Cayenne models. Learning as much as possible about how car insurance premiums are figured is important for making decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayenne | $154 | $274 | $218 | $12 | $66 | $724 | $60 |
| Cayenne S | $168 | $310 | $218 | $12 | $66 | $774 | $65 |
| Cayenne GTS | $168 | $346 | $218 | $12 | $66 | $810 | $68 |
| Cayenne S Transyberia | $168 | $346 | $218 | $12 | $66 | $810 | $68 |
| Cayenne GTS PD Edition 3 | $182 | $384 | $218 | $12 | $66 | $862 | $72 |
| Cayenne Turbo | $198 | $384 | $218 | $12 | $66 | $878 | $73 |
| Cayenne Turbo S | $226 | $456 | $218 | $12 | $66 | $978 | $82 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Table data does not factor in specific Cincinnati garaging location which can decrease or increase price quotes considerably.
Do you need full coverage?
The information below compares Porsche Cayenne insurance rates with full coverage compared to only the Ohio minimum liability coverage. The costs are based on no violations or claims, $100 deductibles, drivers are single, and no policy discounts are applied.
Should you buy full coverage or liability only?
There is no clear-cut formula to stop paying for full coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then you might consider buying liability only.
For example, let’s say your Porsche Cayenne book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $6,000 after you pay the deductible. If you are paying more than $600 a year for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some conditions where buying only liability insurance is not recommended. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage.
Protect more than your Cayenne
Despite the high cost of buying insurance for a Porsche Cayenne in Cincinnati, insurance serves several important purposes.
- Just about all states have minimum mandated liability insurance limits which means the state requires a minimum amount of liability protection in order to drive the car. In Ohio 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.
- If you have a loan on your Porsche, almost every bank will make it mandatory that you have insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank may buy a policy for your Porsche at a more expensive rate and require you to fork over much more than you were paying before.
- Insurance preserves both your car and your personal assets. Insurance will pay for medical bills for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay to defend you if you are sued as the result of your driving. If you have damage to your Porsche as the result of the weather or an accident, your policy will pay to repair the damage minus the deductible amount.
The benefits of carrying enough insurance are without a doubt worth the cost, particularly if you ever have a claim. Unknowingly, the average driver is overpaying over $850 per year so it’s important to compare rates once a year at a minimum to ensure rates are competitive.
Learn How to Find Insurance at a Discount
The best way to find cheaper insurance is to take a look at the different types of things that play a part in calculating your premiums. When you understand what influences your rates, this helps enable you to make changes that may reward you with big savings. Many factors are used when premium rates are determined. Most are fairly basic such as traffic violations, but others are not as apparent such as whether you are married or your commute time.
- Buy as much liability as you can afford – Liability coverage is the protection in the event that you are found to be at fault for personal injury or accident damage. It will provide you with a defense in court which can cost thousands of dollars. It is affordable coverage compared to insuring for physical damage coverage, so buy as much as you can afford.
- Get married and pay lower rates – Being married can actually save you money compared to being single. Having a significant other is viewed as being less irresponsible and it’s proven that drivers who are married file infrequent claims.
- When should you file insurance claims? – Insurance companies in Ohio give the lowest premiums to drivers who are claim-free. If you are a frequent claim filer, you can expect higher rates. Your car insurance is meant to be used in the event of more catastrophic claims.
- Premiums are affected by your address – Having an address in less populated areas of the country can save you money if you are looking for the lowest rates. Less people living in that area translates into fewer accidents and lower theft and vandalism rates. People who live in big cities have to deal with more aggressive driving styles and more severe claims. More time commuting means more chance of being in an accident.
- Cars with good safety ratings cost less to insure – Safe vehicles cost less to insure. Vehicles built for safety reduce injuries and fewer injuries means your insurance company pays less and thus lower rates.
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Teen drivers pay more – Older people are more responsible, cause fewer claims and accidents, and usually have better credit. Beginning drivers are known to get distracted easily when at the wheel of a vehicle therefore insurance rates are much higher.
The next chart assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.
- Your occupation can affect rates – Occupations like lawyers, social workers, and miners usually pay the highest average rates due to intense work situations and long work days. Other occupations like farmers, engineers and homemakers have lower than average premiums.
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Porsche Cayenne insurance loss data – Insurance companies use statistical claims data when setting rates for each model. Vehicles that the statistics show to have higher number or severity of losses will be charged more to insure.
The table below illustrates the loss history for Porsche Cayenne vehicles. For each coverage category, the claim amount for all vehicles, regardless of make or model, is set at 100. Values under 100 indicate better than average losses, while values that are above 100 point to more losses or tendency to have higher losses.
Porsche Cayenne Insurance Loss Statistics Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Porsche Cayenne 4dr 4WD 176 100 138 58 53 77 Porsche Cayenne Hybrid 4dr 4WD 119 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Don’t neglect these discounts
Some insurers do not list their entire list of discounts in a way that’s easy to find, so the next list breaks down a few of the more common in addition to some of the lesser obvious savings tricks you should be using when you buy Cincinnati car insurance online.
- Save over 55 – If you qualify as a senior citizen, you could receive a small decrease in premiums.
- Military Rewards – Having a deployed family member can result in better rates.
- Resident Student – Older children who live away from home at college and do not take a car to college may qualify for this discount.
- Homeowners Savings – Owning a home in Cincinnati can help you save on car insurance since owning and maintaining a home requires a higher level of personal finance.
- Anti-theft Discount – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and will save you 10% or more on Cayenne insurance in Cincinnati.
- Low Mileage – Fewer annual miles on your Porsche may enable drivers to earn cheaper premium rates.
As a sidenote, some credits don’t apply to the whole policy. Some only reduce the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like you would end up receiving a 100% discount, you won’t be that lucky.
The illustration below illustrates the difference between Porsche Cayenne annual premium costs with and without some available policy discounts. The data is based on a female driver, no accidents or driving violations, Ohio 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 safe-driver, claim-free, homeowner, multi-car, marriage, and multi-policy discounts applied.
Car insurance companies that possibly offer most of these discounts are:
Before you buy a policy, ask every company to apply every possible discount. All car insurance discounts might not be offered in Cincinnati.
When to get professional advice
When quoting and choosing the best car insurance coverage, there is no cookie cutter policy. Your needs are unique to you.
For example, these questions might point out whether or not you might need professional guidance.
- Does low annual mileage earn a discount?
- What happens if I owe more than my Porsche Cayenne is worth?
- Is my babysitter covered when using my vehicle?
- Am I covered if I hit a deer?
- Do I need roadside assistance coverage?
- Are my tools covered if they get stolen from my vehicle?
- Am I covered when driving in Canada or Mexico?
If you’re not sure about those questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and may give you better protection.
Auto insurance agents near you
A small number of people would rather buy from a licensed agent and doing so can bring peace of mind Good agents are very good at helping people manage risk and help in the event of a claim. A nice benefit of getting online price quotes is that drivers can save money and get lower rates but also keep your business local. And supporting small agencies is still important in Cincinnati.
Upon completion of this short form, your information is immediately sent to companies in Cincinnati that provide free Cincinnati car insurance quotes for your coverage. It’s much easier because you don’t need to contact any insurance agencies since rate quotes are delivered directly to you. In the event you want to get a price quote from a specific insurance company, just visit that company’s website to submit a rate quote request.
Two types of Cincinnati car insurance agents
If you want to buy car insurance from local Cincinnati agents, it can be helpful to understand the different types of agents and how they are distinctly different. Cincinnati agents can be described as either independent or exclusive. Either one can insure your vehicles properly, but it’s worth mentioning how they differ since it may influence your agent selection.
Independent Agents (or Brokers)
Independent agencies are not required to write business for one company so they can write business with an assortment of companies and get the cheapest rates. If you are not satisfied with one company, they simply switch companies in-house which requires no work on your part.
If you are comparing car insurance prices, it’s a good idea to compare prices from several independent agencies so that you can do a thorough price comparison. Most also write with smaller regional carriers which may have better rates.
Listed below is a small list of independent insurance agents in Cincinnati that can possibly get you free car insurance rate quotes.
- Kinker-Eveleigh Insurance Agency
7750 Montgomery Rd – Cincinnati, OH 45236 – (513) 891-6615 – View Map - Christenson Lewis Insurance Agency
4484 Mt Carmel Tobasco Rd – Cincinnati, OH 45244 – (513) 528-4222 – View Map - Hettesheimer Insurance Agency Inc.
3254 Montana Ave #1000 – Cincinnati, OH 45211 – (513) 661-7581 – View Map
Exclusive Agents
These type of agents write business for a single company and examples are Allstate, State Farm and Farmers Insurance. They generally cannot give you multiple price quotes so always compare other rates. They are usually well trained on their products and sales techniques and that can be a competitive advantage. Some consumers prefer to use the same exclusive agent mainly due to high brand loyalty rather than low price.
Below are exclusive agencies in Cincinnati that can give you comparison quotes.
- Rick Brown – State Farm Insurance Agent
3593 Westwood Northern Blvd – Cincinnati, OH 45211 – (513) 662-3593 – View Map - Dianne Michael – Allstate Insurance Agent
5062 Delhi Ave – Cincinnati, OH 45238 – (513) 451-8700 – View Map - Jackie Meadows – State Farm Insurance Agent
2036 8 Mile Rd – Cincinnati, OH 45244 – (513) 474-4940 – View Map
Selecting an insurance agent should include more criteria than just the bottom line cost. Below are some questions you should ask.
- When do they do a full risk review?
- Do they have cheaper tiers of coverage?
- Do they specialize in personal lines auto insurance in Cincinnati?
- Are there any discounts that you might be missing?
- Can they provide you with a list of referrals?
Don’t give up on cheaper premiums
You just learned some good ideas how to save on Porsche Cayenne insurance in Cincinnati. The key concept to understand is the more rate quotes you have, the higher your chance of finding the cheapest Porsche Cayenne rate quotes. You may even discover the lowest priced insurance comes from an unexpected company.
Affordable Porsche Cayenne insurance in Cincinnati can be bought online in addition to many Cincinnati insurance agents, so get free Cincinnati car insurance quotes from both of them to have the best rate selection. There are still a few companies who do not offer online rate quotes and usually these regional insurance providers only sell coverage through local independent agents.
Drivers leave their current company for many reasons like questionable increases in premium, delays in paying claims, policy non-renewal and an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding a great new company is not as difficult as it may seem.
For more information, feel free to browse these articles:
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- What is the Best Cheap Car Insurance in Cincinnati, Ohio? (FAQ)
- Who Has Cheap Cincinnati Car Insurance Quotes for a Honda CR-V? (FAQ)
- Who Has Cheap Auto Insurance Rates for Police Officers in Cincinnati? (FAQ)
- Who Has Affordable Auto Insurance for Electric Cars in Cincinnati? (FAQ)
- What Auto Insurance is Cheapest for Low Mileage Drivers in Cincinnati? (FAQ)
- Drunk Driving Statistics (Insurance Information Institute)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)