Affordable Insurance for a Porsche Panamera in Cincinnati

It’s hard to believe, but the vast majority of car insurance customers have bought car insurance from the same company for at least the last four years, and about 40% of consumers have never compared rates to find cheaper insurance. Many drivers in Cincinnati can cut their rates by nearly 55% a year, but they don’t want to spend time to find cheaper rates by getting comparison quotes.

Insurance quote for Porsche Panamera in CincinnatiTruthfully, the best way to find better pricing on Porsche Panamera insurance is to regularly compare quotes from insurance carriers in Cincinnati. You can compare prices by completing these steps.

  1. Try to comprehend what is in your policy and the measures you can control to keep rates in check. Many rating factors that result in higher rates such as high-risk driving behaviors and an imperfect credit score can be amended by improving your driving habits or financial responsibility.
  2. Compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive or State Farm, while independent agencies can quote rates from many different companies.
  3. Compare the new rates to your existing coverage to see if a cheaper rate is available in Cincinnati. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Tell your current agent or company to cancel your current car insurance policy. Submit payment and a completed application for the new policy. Immediately upon receiving it, keep the new certificate of insurance with your vehicle’s registration.

A tip to remember is to make sure you enter similar limits and deductibles on every quote request and and to get rates from as many companies as feasibly possible. Doing this enables a fair rate comparison and a better comparison of the market.

If you have a policy now or need new coverage, use these cost-cutting techniques to get lower rates while maintaining coverages. Locating affordable auto insurance coverage in Cincinnati is not as hard as you may think. Comparison shoppers only need an understanding of the tricks to compare insurance rates instantly.

Companies offering Porsche Panamera insurance in Cincinnati

The following companies can provide comparison quotes in Cincinnati, OH. If you want to find the best cheap auto insurance in Ohio, it’s highly recommended you click on several of them to get the most competitive price.

Porsche Panamera insurance coverage information

The price information shown next highlights a range of insurance coverage prices for Porsche Panamera models. Learning how premiums are formulated can benefit drivers when making decisions when shopping your coverage around.

Porsche Panamera Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Panamera S 4-Dr Hatchback $150 $298 $218 $12 $66 $744 $62
Panamera 4S AWD 4-Dr Hatchback $150 $326 $218 $12 $66 $772 $64
Panamera Turbo AWD 4-Dr Hatchback $172 $384 $218 $12 $66 $852 $71
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Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Table data does not factor in vehicle garaging location which can influence rates greatly.

Should you raise deductibles?

One of the more difficult decisions when buying car insurance is how low should you set your deductibles. The following insurance rates can help you understand how much more you’ll pay when you buy lower versus higher policy deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Porsche Panamera insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Panamera S 4-Dr Hatchback $346 $668 $226 $14 $68 $1,347 $112
Panamera 4S AWD 4-Dr Hatchback $346 $730 $226 $14 $68 $1,409 $117
Panamera Turbo AWD 4-Dr Hatchback $396 $856 $226 $14 $68 $1,585 $132
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Porsche Panamera insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Panamera S 4-Dr Hatchback $192 $352 $226 $14 $68 $852 $71
Panamera 4S AWD 4-Dr Hatchback $192 $384 $226 $14 $68 $884 $74
Panamera Turbo AWD 4-Dr Hatchback $220 $450 $226 $14 $68 $978 $82
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium amounts do not factor in garaging location in Cincinnati which can lower or raise premiums considerably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $44 more each month or $528 a year than quoting the higher $1,000 deductible. Since you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 20 months between claim filings, you would save more money if you choose a higher deductible.

Poor driving habits will raise your car insurance rates

The chart below demonstrates how speeding tickets and accidents influence Porsche Panamera car insurance rates for different categories of driver ages. The data is based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Cost of full coverage in Cincinnati

The example below shows the comparison of Porsche Panamera auto insurance rates with liability coverage only compared to full coverage. The premiums assume no accidents or driving violations, $250 deductibles, single marital status, and no other discounts are factored in.

When to drop comprehensive and collision coverage

There is no specific rule of when to drop full coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Porsche Panamera replacement cost is $9,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $8,000 after paying your deductible. If you are paying more than $800 annually to have full coverage, then it’s probably a good time to buy liability coverage only.

There are some conditions where buying only liability insurance is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not drop full coverage.

Lower Your Cincinnati Insurance Rates

The best way to find cheaper car insurance is to take a look at the factors that help determine the rates you pay for car insurance. If you have some idea of what influences your rates, this empowers consumers to make smart changes that can help you get better car insurance rates. Many things are used when quoting car insurance. Most are fairly basic like an MVR report, although some other factors are more transparent like your continuous coverage or your financial responsibility.

Safeguard your assets with liability insurance – Your car insurance policy’s liability coverage will protect you if you are found to be at fault for causing damage or personal injury in an accident. This coverage provides legal defense which can cost a lot. This coverage is very inexpensive when compared to the cost of physical damage coverage, so drivers should carry high limits.

Don’t cancel your car insurance without a new one in place – Having a gap between insurance policy dates will be a guaranteed way to increase your car insurance rates. Not only will you pay more, the inability to provide proof of insurance may result in a steep fine or even jail time.

Is you job costing you more? – Careers like military generals, air traffic controllers, and dentists are shown to have higher rates than average in part from stressful work requirements and lots of time spent away from family. On the flip side, professions such as farmers, historians and performers have lower than average premiums.

Where do you drive? – Driving more miles each year the more you’ll pay to insure your vehicle. Most companies calculate rates partially by how you use the vehicle. Cars that have low annual miles receive lower rates compared to those used for work or business. It’s always a good idea to double check that your car insurance policy is showing the correct driver usage. Incorrect rating for your Panamera can result in significantly higher rates.

GPS tracking and theft deterrents lowers car insurance rates – Choosing a vehicle with an alarm system can help lower your rates. Advanced theft deterrents such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your car from being stolen.

Insurance losses for a Porsche Panamera – Companies include the past claim history for a vehicle when they set coverage costs for each model. Models that the data shows to have increased losses will cost more for specific coverages.

The table shown below demonstrates the historical insurance loss data for Porsche Panamera vehicles. For each coverage type, the claim amount for all vehicles, as a total average, is a value of 100. Percentages below 100 indicate a favorable loss history, while values that are 100 or greater point to more claims or an increased chance of a larger loss.

Porsche Panamera Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Porsche Panamera 4dr 236 94 265 57
Porsche Panamera GTS 4dr 4WD 246 48 467
Porsche Panamera Turbo 4dr 4WD 242

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Get cheap rates by taking advantage of discounts

Insurance is easily one of your largest bills, but you may be missing some discounts to help offset the cost. A few discounts will be applied at the time of quoting, but once in a while a discount must be specially asked for prior to receiving the credit.Discount insurance

Policy discounts save money, but many deductions do not apply to the whole policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Even though it appears you can get free auto insurance, it’s just not the way it works.

The example below shows the comparison of Porsche Panamera insurance rates with and without some available policy discounts. The premiums are based on a female driver, no accidents, no driving violations, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, homeowner, safe-driver, multi-car, and marriage discounts applied.

A few of the larger companies and their offered discounts are shown below.

Before buying, ask each company how you can save money. Some of the earlier mentioned discounts may not apply to policies in your state. If you would like to view insurers with significant discounts in Cincinnati, click here.

Are insurance agencies used anymore?

A lot of people would prefer to go talk to an agent and often times that is recommended Insurance agents are very good at helping people manage risk and help you file claims. One of the great benefits of comparing rates online is that you can obtain lower auto insurance rates and also buy local. Supporting local insurance agencies is important particularly in Cincinnati.

Find insurance agent in CincinnatiAfter filling out this short form, your insurance data is immediately sent to local insurance agents in Cincinnati that give free quotes for your car insurance coverage. You never need to leave your computer since price quotes are sent to you directly. If for some reason you want to get a rate quote from a specific company, feel free to visit that company’s website to submit a rate quote request.

Best auto insurance agent in Cincinnati

If you are searching for a reliable agent, there are two different agency structures and how they differ in how they quote coverages. Car insurance agents are considered either independent or exclusive. Both write car insurance policies, but it is a good idea to know the difference between them since it may influence the type of agent you choose.

Independent Car Insurance Agents

Agents that choose to be independent can sell policies from many different companies so they can quote policies with lots of companies depending on which coverage is best. If you want to switch companies, they simply switch companies in-house and you can keep the same agent.

When comparing car insurance prices, you should always get several quotes from multiple independent agents for the best price selection. Most have the option of insuring with additional companies that you may not be familiar with that many times have cheaper rates.

Shown below is a partial list of independent insurance agents in Cincinnati who may provide comparison quotes.

More insurance agents

Exclusive Car Insurance Agents

These type of agents are contracted to one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. They generally cannot compare rates from other companies so they really need to provide good service. These agents are highly trained on sales techniques and that allows them to sell at a higher price point. Some insured continue to buy from the same agent for years mainly due to the prominent brand name rather than having the cheapest rates.

Below are exclusive agencies in Cincinnati that can give you price quotes.

More insurance agents

Finding the right insurance agency should include more criteria than just the bottom line cost. Any good agent in Cincinnati should know the answers to these questions.

Ohio car insurance company ratings

Selecting a good quality auto insurance company can be difficult considering how many different insurance companies sell coverage in Ohio. The company information displayed below could help you analyze which insurers you want to consider when comparing rates.

Top 10 Cincinnati Car Insurance Companies Overall

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

Your situation helps dictate your coverage

When buying the right insurance coverage, there isn’t really a “perfect” insurance plan. Your financial needs are unique.Auto insurance savings

For example, these questions might point out if your insurance needs would benefit from professional advice.

If you’re not sure about those questions but a few of them apply, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Quote more and you will save more

We’ve covered many ways to shop for Porsche Panamera insurance online. The most important thing to understand is the more rate comparisons you have, the better likelihood of getting inexpensive Cincinnati car insurance quotes. Consumers could even find that the lowest priced car insurance comes from a small mutual company.

When you buy Cincinnati car insurance online, it’s a bad idea to reduce coverage to reduce premium. There have been many situations where drivers have reduced liability coverage limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to buy the best coverage you can find at the lowest possible cost, but don’t skip important coverages to save money.

Lower-priced car insurance in Cincinnati is possible from both online companies as well as from insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. A few companies may not offer rate quotes online and these regional carriers sell through local independent agents.

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