Compare Porsche Boxster Insurance Rate Quotes in Jacksonville

Are you tired of overpaying and want low-cost Porsche Boxster insurance in Jacksonville? Are you tired of sacrificing to keep your car insured? Your situation is no different than many other Florida drivers.

Astonishing but true according to a recent study, about 70% of customers have bought auto insurance from the same company for a minimum of four years, and approximately 38% of consumers have never compared quotes from other companies. Florida consumers could save approximately 55% every year just by getting comparison quotes, but they just don’t understand the amount of money they would save if they switched to a more affordable policy.

Due to the increasing number of choices for buying cheap insurance for a Porsche Boxster in Jacksonville, it can be hard to find the most affordable insurance company.

This article’s intent is to teach you a little about how insurance works and also save some money in the process If you already have coverage, you stand a good chance to be able to find better prices using this strategy. Although Florida vehicle owners can benefit by having an understanding of the methods companies use to determine prices and apply this information to your search.

Best companies for cheap Porsche Boxster insurance in Florida

The companies shown below have been selected to offer quotes in Jacksonville, FL. If several companies are displayed, it’s highly recommended you visit as many as you can to find the most competitive car insurance rates.

Rate information and statistics

The price information shown below covers a range of insurance premium costs for Porsche Boxster models. Being able to understand how insurance rates are determined can assist in making decisions on which insurance to purchase.

Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate quotes do not factor in specific zip code location which can modify prices significantly.

Deductible comparison

When shopping for car insurance, a common question is how high should the deductibles for physical damage be. The rates shown below may help to conceptualize the rate differences between low and high physical damage coverage deductibles. The first price estimate table uses a $250 deductible for comp and collision and the second pricing table uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price estimates do not factor in specific Jacksonville garaging location which can decrease or increase premium rates noticeably.

Using the data above, we can ascertain that using a $250 deductible costs an average of $21 more each month or $252 every year than requesting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go more than 12 months between claims, you would save more money if you elect the higher deductible.

The illustration below demonstrates how deductibles and can impact Porsche Boxster insurance premiums for each different age group. The price estimates are based on a married male driver, full coverage, and no discounts are applied to the premium.

Porsche Boxster insurance costs by age and gender

The example below visualizes the comparison of Porsche Boxster annual premium costs for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, full coverage, $500 deductibles, marital status is single, and no discounts are taken into consideration.

Full coverage versus liability-only in Jacksonville

The diagram below compares Porsche Boxster insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no claims or driving violations, $100 deductibles, marital status is single, and no discounts are factored in.

When to switch to liability coverage only

There is no set rule to drop comp and collision coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let’s assume your Porsche Boxster claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $2,000 after you pay the deductible. If premiums are more than $200 a year for physical damage coverage, then it may be the right time to buy liability only.

There are some cases where dropping full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.

How Insurers Determine Porsche Boxster Insurance Rates

Smart consumers have a good feel for a few of the rating criteria that aid in calculating auto insurance rates. If you understand what determines premiums, this enables informed choices that may result in lower premium levels.

• Employer impacts rates – Did you know your job can affect your rates? Occupational choices like fire fighters, business owners, and dentists are shown to have higher premium rates attributed to job stress and long work hours. Other careers such as actors, students and the unemployed pay the least.
• Pleasure use saves money – The more you drive in a year the more you’ll pay to insure your vehicle. Almost all companies charge rates determined by how the vehicle is used. Autos that are left in the garage receive lower rates than vehicles that have high annual mileage. Make sure your policy is rated on the correct usage for each vehicle. An improperly rated Boxster may be wasting your money.

• Accidents mean higher costs – Even a single driving citation could increase your next policy renewal substantially. Careful drivers get better rates as compared to careless drivers. Drivers unfortunate enough to have flagrant violations like DUI or reckless driving are required to file a proof of financial responsibility form (SR-22) with their state DMV in order to legally drive.

  The example below shows how violations and at-fault accidents can raise Porsche Boxster auto insurance costs for different categories of driver ages. The rates are based on a single male driver, full coverage, $100 deductibles, and no other discounts are factored in.

• Vehicle theft costs us all – Owning a car with a theft deterrent system can help lower your rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent your car from being stolen.
• Increase deductibles and save – Deductibles for physical damage represent how much money the insured will be required to pay if you file a covered claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Examples of covered claims are colliding with a stationary object, collision with a deer, and damage caused by road hazards. The higher the amount you choose to pay out-of-pocket, the less your auto insurance will be.

• Porsche Boxster insurance loss data – Insurers include the past claim history for a vehicle as a way to help calculate a profitable premium rate. Vehicles that the data determines to have higher claim amounts or frequency will have higher rates for specific coverages.

  The table below shows the insurance loss data used by companies for Porsche Boxster vehicles. For each coverage type, the statistical loss for all vehicles, as an average, is considered to be 100. Numbers that are below 100 suggest a better than average loss history, while values that are above 100 indicate frequent claims or an increased probability of a larger loss.

  
  

  Porsche Boxster Insurance Claim Statistics

  Specific Porsche Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Porsche Boxster Convertible	135	47	121	31

  BETTER

  AVERAGE

  WORSE

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

Verify you’re receiving every discount

Auto insurance is not an enjoyable expense, but you might find some hidden discounts that you may not even be aware of. Some of these discounts will be visible when you purchase, but some must be inquired about before you will receive the discount.

• Early Signing – Select companies give a discount for buying a new policy prior to the expiration date on your current Boxster insurance policy. Ten percent is about the average savings.
• Anti-lock Brake System – Cars, trucks, and SUVs equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
• Theft Prevention System – Vehicles that have factory anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
• Low Mileage Discounts – Low mileage vehicles may allow you to get cheaper prices.
• Discounts for Federal Employees – Being employed by or retired from a federal job may reduce rates when you quote Jacksonville car insurance with select insurance companies.
• Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class in high school.
• Early Payment Discounts – By paying your policy upfront instead of paying each month you can actually save on your bill.
• 55 and Retired – Older drivers can get better auto insurance rates.
• Lower Rates for Military – Being on active duty in the military could be rewarded with lower auto insurance rates.

Remember that most credits do not apply to the whole policy. Most only apply to specific coverage prices like collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, nobody gets a free ride. But any discount will cut the cost of your policy.

The example below shows the difference between Porsche Boxster auto insurance costs with and without discounts applied to the policy rates. The premium estimates are based on a male driver, no violations or claims, Florida state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-car, multi-policy, homeowner, and safe-driver discounts applied.

A few of the larger companies and the discounts they provide can be found below.

• Mercury Insurance may include discounts for location of vehicle, anti-theft, age of vehicle, professional/association, ease of repair, multi-car, and good student.
• Farmers Insurance offers discounts for distant student, multi-car, youthful driver, business and professional, alternative fuel, and teen driver.
• Farm Bureau has discounts for safe driver, youthful driver, 55 and retired, good student, and renewal discount.
• State Farm may offer discounts for multiple autos, defensive driving training, student away at school, multiple policy, good driver, and safe vehicle.
• Allstate offers discounts including passive restraint, premier discount, senior citizen, premier plus, and teenSMART discount.
• GEICO offers premium reductions for five-year accident-free, federal employee, military active duty, driver training, anti-theft, emergency military deployment, and defensive driver.

When getting a coverage quote, ask every insurance company to apply every possible discount. Some credits may not be offered in your area. To choose providers that offer discounts in Jacksonville, click here.

Car insurance quotes from neighborhood Jacksonville auto insurance agents

Many people just want to get advice from a local agent and we recommend doing that One of the best bonuses of comparing insurance prices online is you can get cheap car insurance quotes but also keep your business local. And providing support for neighborhood agents is still important in Jacksonville.

For easy comparison, once you complete this simple form, your insurance data gets sent to local insurance agents in Jacksonville who will return price quotes for your coverage. You don’t have to leave your house as quotes are delivered immediately to you. You can find better rates AND a local agent. If for some reason you want to compare prices for a specific company, you would need to navigate to their website and complete a quote there.

Do you need an independent or exclusive auto insurance agent?

If you prefer to buy car insurance from a reliable insurance agency, it’s important to understand the different agency structures that differ in how they can insure your vehicles. Agencies in Jacksonville are considered either independent agents or exclusive agents depending on their employer.

Independent Car Insurance Agencies or Brokers

Independent agents are not employed by any specific company and that gives them the ability to insure with multiple insurance companies and find you cheaper rates. If prices rise, the business is moved internally and you stay with the same agent.

If you need lower rates, you need to check rates from a couple of independent agencies for the best price selection.

The following is a small list of independent agents in Jacksonville that may be able to give comparison quotes.

More Jacksonville agents

Exclusive Agencies

Agents of this type write business for a single company such as Farmers Insurance and State Farm. These agents are not able to place coverage with different providers so they really need to provide good service. Exclusive insurance agents are well trained on their products and sales techniques which helps them sell insurance even at higher premiums.

Shown below is a short list of exclusive agencies in Jacksonville willing to provide rate quotes.

More Jacksonville agents

Deciding on a car insurance agent requires more thought than just the premium amount. Below are some questions you should ask.

• Is insurance their full-time profession?
• Where would your vehicle be repaired?
• How long has the business existed?
• Does the agent help file claims?
• Is their price quote a firm figure or are their hidden costs?
• Is the agency involved in supporting local community causes?
• What insurance company do they write the most business with?

Final considerations

When buying insurance coverage, don’t be tempted to buy lower coverage limits just to save a few bucks. Too many times, an accident victim reduced liability limits or collision coverage only to regret that the savings was not a smart move. The ultimate goal is to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

Lower-priced car insurance in Jacksonville is definitely available online in addition to local insurance agencies, and you need to price shop both to have the best rate selection. There are still a few companies who may not provide online price quotes and these regional insurance providers work with independent insurance agencies.

Steps to finding cheaper Porsche Boxster insurance in Jacksonville

If you want to find the absolute lowest rates, then the best way to save on Porsche Boxster insurance is to start comparing prices yearly from providers who can sell car insurance in Jacksonville.

First, gain an understanding of how companies set rates and the measures you can control to prevent rate increases. Many risk factors that drive up the price like at-fault accidents, speeding tickets, and a negative credit history can be improved by making lifestyle changes or driving safer.

Second, compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Farmers Insurance, while agents who are independent can quote prices from multiple companies. Begin your rate comparison

Third, compare the new rate quotes to your existing rates and determine if cheaper Boxster coverage is available in Jacksonville. If you find better rates and make a switch, make sure coverage is continuous and does not lapse.

Fourth, notify your company or agent of your intention to cancel your existing policy and submit the application along with any required down payment to your new company or agent. Be sure to put the new certificate of insurance in an easily accessible location in your vehicle.

The key thing to know about shopping around is that you’ll want to compare the same physical damage deductibles and liability limits on each quote and and to look at as many carriers as you can. Doing this guarantees a level playing field and the most accurate and complete price analysis.

Additional detailed information is available by following these links:

• Side Impact Crash Tests (iihs.org)
• How Much are Auto Insurance Quotes for Low Income Drivers in Jacksonville? (FAQ)
• Who Has the Cheapest Jacksonville Auto Insurance for Drivers with Accidents? (FAQ)
• What Auto Insurance is Cheapest for a Toyota RAV4 in Jacksonville? (FAQ)
• Who Has the Cheapest Car Insurance Quotes for a GMC Sierra in Jacksonville? (FAQ)
• Who Has Affordable Jacksonville Car Insurance Quotes for Safe Drivers? (FAQ)
• Collision Insurance Coverage (Nationwide)
• Anti-Lock Brake FAQ (iihs.org)
• Auto Insurance FAQ (Farmers Insurance)