Cheap Rates for Porsche 911 Insurance in Minneapolis

It takes a few minutes, but the best way to quote cheaper Porsche 911 insurance in Minneapolis is to make a habit of comparing prices annually from companies who provide car insurance in Minnesota.

1. Get a basic knowledge of how auto insurance works and the changes you can make to prevent rate increases. Many things that are responsible for high rates like accidents, traffic violations, and a less-than-favorable credit history can be remedied by making lifestyle changes or driving safer. Keep reading for the details to help find cheaper rates and find overlooked discounts.
2. Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO or Allstate, while independent agencies can provide price quotes for a wide range of companies.
3. Compare the new rate quotes to your existing rates and determine if cheaper 911 coverage is available in Minneapolis. If you find better rates and switch companies, ensure coverage does not lapse between policies.
4. Give notification to your current company to cancel your current car insurance policy and submit payment and a completed application to your new insurance company. As soon as coverage is bound, keep the new proof of insurance paperwork in a readily accessible location in your vehicle.

An important note is that you use the same amount of coverage on each price quote and and to get rates from as many carriers as you can. Doing this helps ensure a level playing field and a complete price analysis.

Amazingly, a recent NerdWallet.com study showed that the vast majority of car insurance customers have been with the same company for at least four years, and approximately 38% of consumers have never shopped around. Minneapolis drivers could pocket as much as 50% a year by just shopping around, but they just feel it’s too hard to save money by comparing rate quotes.

When comparing insurance rates, know that obtaining a wide range of quotes will enable you to find more affordable insurance. Not every company allows you to get online Minneapolis 911 insurance quotes, so it’s important to also get rates from the smaller companies as well.

The companies in the list below offer free rate quotes in Minnesota. To get cheaper car insurance in Minneapolis, we recommend you visit as many as you can in order to get a fair rate comparison.

Data for Porsche 911 insurance

The rate table shown next outlines detailed analysis of coverage costs for Porsche 911 models. Having a good understanding how insurance quotes are established can benefit drivers when making informed purchases.

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Table data does not factor in specific garaging location which can increase or decrease coverage prices substantially.

Raise deductibles and save

One common question asked by Minneapolis drivers is how low should you set your deductibles. The following insurance rates highlight how much more you’ll pay when you buy lower versus higher deductibles. The first rate quote example uses a $250 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Price information does not factor in Minneapolis location which can increase or decrease coverage prices noticeably.

Based on the above data, using a $250 deductible will cost you approximately $43 more each month or $516 for a full year averaged for all 911 models than buying the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 17 months between claims, you would save more money going with the higher deductible.

An important thing to remember is that raising deductibles means you will have to pay more when you have a comprehensive or collision claim. You must have some extra funds in the event you have to pay the deductible for vehicle repair.

The information below shows how different deductible levels and can increase or decrease Porsche 911 insurance premiums for each age group. The data is based on a single male driver, comp and collision included, and no discounts are applied.

Gender-based insurance rates by age in Minneapolis

The example below illustrates the difference between Porsche 911 auto insurance rates for male and female drivers. The costs are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, single status, and no discounts are taken into consideration.

Liability only or full coverage

The information below shows the comparison of Porsche 911 car insurance costs with and without full coverage. The rates are based on no claims or violations, $500 deductibles, marital status is single, and no discounts are taken into consideration.

When to drop full coverage

There isn’t a steadfast formula to eliminate physical damage insurance, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s pretend your Porsche 911 replacement cost is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $5,000 after paying your policy deductible. If premium cost is more than $500 annually for comprehensive and collision coverage, then it could be time to drop full coverage.

There are some circumstances where dropping physical damage coverage is not a good idea. If you haven’t satisfied your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not buy liability only.

Affordable rates on Porsche 911 insurance in Minneapolis with these auto insurance discounts

Companies that sell car insurance do not advertise the entire discount list in an easy-to-find place, so the list below contains both the well known as well as the least known discounts that you may qualify for. If you check and find you aren’t receiving every discount possible, you could be saving more on your auto insurance.

• Early Signing – Select companies give a discount for signing up before your current coverage expires. You could save around 10% when you buy Minneapolis auto insurance online.
• Accident Forgiveness – Not necessarily a discount, but companies like Liberty Mutual and GEICO will forgive one accident before raising your premiums as long as you don’t have any claims prior to the accident.
• Student Discounts – Getting good grades can get you a discount of up to 25%. The discount lasts well after school through age 25.
• Discount for Life Insurance – Not all auto insurance companies offer life insurance, but some may give you a small discount if you purchase life insurance from them.
• Senior Discount – Drivers over the age of 55 may receive better auto insurance rates.

A little note about advertised discounts, some of the credits will not apply to the overall cost of the policy. Most cut the cost of specific coverages such as collision or personal injury protection. Despite the appearance that adding up those discounts means a free policy, it doesn’t quite work that way.

The chart below illustrates the comparison of Porsche 911 insurance premiums with and without policy discounts. The price estimates are based on a female driver, no violations or claims, Minnesota state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, homeowner, marriage, claim-free, and multi-car discounts applied.

The best auto insurance companies and the discounts they provide can be found below.

• Progressive policyholders can earn discounts including continuous coverage, online quote discount, multi-vehicle, multi-policy, good student, and homeowner.
• MetLife may have discounts that include accident-free, defensive driver, multi-policy, good driver, and good student.
• Mercury Insurance has savings for low natural disaster claims, good student, accident-free, professional/association, and anti-theft.
• Nationwide has discounts for Farm Bureau membership, accident-free, good student, multi-policy, and family plan.
• GEICO may offer discounts for anti-lock brakes, anti-theft, emergency military deployment, five-year accident-free, driver training, membership and employees, and multi-policy.
• AAA discounts include AAA membership discount, good student, multi-policy, pay-in-full, multi-car, and anti-theft.

Check with each company which credits you are entitled to. Some of the discounts discussed earlier may not be offered in Minneapolis.

Buying the right Porsche 911 insurance in Minnesota is an important decision

Despite the high cost, insuring your vehicle may not be optional for several reasons.

• Almost all states have minimum liability requirements which means you are required to carry specific limits of liability protection if you don’t want to risk a ticket. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you have a loan on your Porsche 911, most lenders will require that you buy full coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank may buy a policy for your Porsche at a much higher premium rate and require you to fork over for it.
• Auto insurance preserves not only your vehicle but also your assets. Insurance will pay for all forms of medical expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, will also pay to defend you if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.

The benefits of buying auto insurance definitely exceed the cost, especially when you need to use it. Despite what companies tell you, the average driver is overpaying more than $855 a year so shop around every year to ensure rates are inline.

What insurance coverages do I need?

When buying your policy, there really isn’t a “best” method to buy coverage. Every situation is different so your insurance needs to address that.
Here are some questions about coverages that might help in determining whether or not you will benefit from professional help.

• Will damage be repaired with OEM parts?
• Do I need to call my car insurance company before buying a new car?
• What is the ISO rating for a Porsche 911?
• Does low annual mileage earn a discount?
• At what point should I drop full coverage?
• Can I cancel at any time?

If you can’t answer these questions but you know they apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.

Local Minneapolis car insurance agents and car insurance

A small number of people just want to buy from a local agent. The best thing about comparing rates online is you may find the best rates and still buy from a local agent.

For easy comparison, once you complete this simple form, your coverage information gets sent to companies in Minneapolis who will give you quotes for your insurance coverage. There is no need to contact any insurance agencies since price quotes are sent to you instantly. You can most likely find cheaper rates and an insurance agent to talk to. If you have a need to compare rates from a specific car insurance provider, you can always jump over to their website and fill out the quote form the provide.

Picking an provider requires more thought than just the price. The following questions are important to ask.

• Will one accident increase rates?
• Are they giving you every discount you deserve?
• What insurance companies do they work with in Minneapolis?
• Who are their largest clients?
• If they are an independent agency in Minneapolis, which companies do they recommend?
• What kind of financial rating does the company have?

The following is a list of insurers in Minneapolis who can help you get comparison quotes for Porsche 911 insurance in Minneapolis.

• Moon Lai – State Farm Insurance Agent
  2718 Nicollet Ave #204 – Minneapolis, MN 55408 – (612) 870-0800 – View Map
• State Farm: Brandon Walter
  222 S 9th St #270 – Minneapolis, MN 55402 – (612) 843-8444 – View Map
• Abbco Insurance Agency Co.
  6227 University Ave NE – Minneapolis, MN 55632 – (763) 571-2880 – View Map
• Tom Kilton – State Farm Insurance Agent
  3430 Nicollet Ave – Minneapolis, MN 55408 – (612) 827-3655 – View Map

More Minneapolis agents