It’s safe to assume that auto insurance companies want to prevent you from shopping around. Drivers who get price comparisons will most likely switch companies because there is a high probability of finding a lower rate. A survey found that consumers who regularly compared rates saved approximately $860 a year compared to policyholders who never shopped around.
If finding the best rates on Porsche Cayman insurance is your goal, then understanding how to shop for insurance premiums can make it easier to shop your coverage around.
The easiest way to get affordable auto insurance rates in Portland is to start comparing prices yearly from providers who provide auto insurance in Oregon. You can compare prices by following these guidelines.
- Step 1: Spend a few minutes and learn about car insurance and the changes you can make to lower rates. Many risk factors that result in higher rates like speeding tickets, accidents and a bad credit score can be rectified by improving your driving habits or financial responsibility.
- Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from one company like Progressive or State Farm, while independent agencies can provide prices for many different companies.
- Step 3: Compare the new rate quotes to the price on your current policy to see if you can save by switching companies. If you find a lower rate and decide to switch, make sure coverage does not lapse between policies.
- Step 4: Notify your current company of your decision to cancel your existing policy. Submit the application along with any required down payment to your new carrier. As soon as coverage is bound, keep the new certificate of insurance along with your vehicle registration.
One thing to point out is that you use the same amount of coverage on each quote request and and to get rate quotes from as many companies as you can. This ensures the most accurate price comparison and a complete price analysis.
If you have car insurance now, you stand a good chance to be able to lower your rates using the following tips. Locating the most cost-effective car insurance policy in Portland is really quite simple as long as you have a good starting point. But Oregon consumers do need to understand how companies set your policy premium because it varies considerably.
Auto insurance policy discounts for Porsche Cayman insurance in Portland
Companies don’t list all their discounts in a way that’s easy to find, so we researched some of the best known and the harder-to-find credits available to lower your premiums when you buy Portland car insurance online.
- Discount for Home Ownership – Being a homeowner can help you save on auto insurance since home ownership requires personal responsibility.
- Paper-free Discount – A handful of companies will give you a small discount get Portland car insurance online.
- Defensive Driver Discount – Taking a class that teaches defensive driver techniques could save 5% or more and make you a better driver.
- Bundle and Save – When you combine your homeowners and auto insurance and insure them with the same company you may earn up to 20% and get you cheap Cayman insurance.
- Early Renewal Discounts – Select insurance companies give a discount for buying a new policy prior to the expiration date on your current Cayman insurance policy. This discount can save up to 10%.
- Savings for New Vehicles – Buying coverage on a new vehicle can cost up to 25% less compared to insuring an older model.
- Cautious Driver Discounts – Insureds who avoid accidents can save as much as half off their rates as compared to drivers with claims.
- Distant Student – College-age children who are enrolled in a college that is more than 100 miles from Portland and won’t have access to an insured vehicle could qualify for this discount.
- Senior Citizen Rates – Seniors can possibly qualify for better auto insurance rates.
As a disclaimer on discounts, most discount credits are not given to your bottom line cost. Most only apply to individual premiums such as comprehensive or collision. Just because you may think all those discounts means the company will pay you, companies wouldn’t make money that way.
The chart below shows the difference between Porsche Cayman car insurance rates with and without discounts being applied to the rates. The information is based on a male driver, no claims or violations, Oregon state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, marriage, claim-free, multi-policy, and multi-car discounts applied.
A few of the larger companies and their possible discounts are outlined below.
- State Farm policyholders can earn discounts including defensive driving training, Steer Clear safe driver discount, multiple policy, student away at school, good driver, and multiple autos.
- Nationwide has savings for easy pay, anti-theft, family plan, good student, Farm Bureau membership, multi-policy, and accident-free.
- GEICO has discounts for membership and employees, driver training, multi-vehicle, seat belt use, emergency military deployment, and daytime running lights.
- AAA may have discounts that include good driver, education and occupation, AAA membership discount, multi-policy, and pay-in-full.
- 21st Century may offer discounts for automatic seat belts, anti-lock brakes, teen driver, theft prevention, early bird, driver training, and student driver.
- The Hartford offers discounts including good student, anti-theft, vehicle fuel type, bundle, driver training, and defensive driver.
When getting a coverage quote, ask all companies you are considering what discounts are available to you. Some discounts might not apply in every state.
When looking for cheaper Portland car insurance quotes, there are a couple ways to compare rate quotes from local Portland auto insurance companies. The simplest method to compare rates consists of obtaining rate quotes online.
Getting free quotes online is quite simple, and it takes the place of having to spend your day driving to insurance agents’ offices. Shopping for auto insurance online can eliminate the need for a local agent unless you want the personal advice that only a licensed agent can provide. If you prefer, some companies allow you to get the lowest quotes online but buy the policy through an agent.
Just keep in mind that quoting more will increase your chances of finding a lower rate than you’re paying now. Some smaller insurers do not give online rate quotes, so it’s important to compare price quotes from them, too.
The companies in the list below are ready to provide price comparisons in Portland, OR. To get the cheapest auto insurance in Portland, we suggest you visit two to three different companies in order to get a fair rate comparison.
Premium rates and analysis
The rate table shown below outlines different policy rates for Porsche Cayman models. Learning more about how auto insurance premiums are calculated can assist in making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayman 2-Dr Coupe | $308 | $634 | $432 | $26 | $130 | $1,530 | $128 |
| Cayman S 2-Dr Coupe | $308 | $706 | $432 | $26 | $130 | $1,602 | $134 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Rates do not factor in your specific Portland location which can increase or decrease price quotes noticeably.
How high should deductibles be?
One of the hardest decisions when shopping for auto insurance is how low should you set your deductibles. The rates below determine the price difference when you select higher and lower insurance deductibles. The first rate table uses a $100 deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayman 2-Dr Coupe | $382 | $762 | $320 | $18 | $96 | $1,603 | $134 |
| Cayman S 2-Dr Coupe | $382 | $850 | $320 | $18 | $96 | $1,691 | $141 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayman 2-Dr Coupe | $278 | $514 | $320 | $18 | $96 | $1,226 | $102 |
| Cayman S 2-Dr Coupe | $278 | $574 | $320 | $18 | $96 | $1,286 | $107 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Information does not factor in specific zip code location which can change rates considerably.
Using the data above, we can ascertain that using a $100 deductible costs about $33 more each month or $396 annually than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to average more than 12 months between claims, you would probably be better off if you opt for a higher deductible.
Insurance rate increases from tickets or accidents
The information below illustrates how violations and at-fault accidents influence Porsche Cayman insurance costs for each age group. The premium estimates are based on a married male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
Neighborhood Portland auto insurance agents
Many drivers still prefer to sit down with an agent. The best thing about getting online price quotes is you can get cheap insurance rates but still work with a licensed agent.
After filling out this quick form, your information is instantly submitted to companies in Portland who want to provide quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to visit any agencies because quoted prices will be sent immediately to your email address. Get lower rates and a licensed agent to talk to. If you have a need to compare rates from a particular provider, don’t hesitate to find their quoting web page and submit a quote form there.
Choosing a company shouldn’t rely on just a cheap quote. Any agent in Portland should be willing to answer these questions.
- Are aftermarket or OEM parts used to repair vehicles?
- How experienced are they in personal risk management?
- Does the agency have a current Errors and Omissions policy?
- What company holds the largest book of business for them?
- Can they provide you with a list of referrals?
When narrowing the list to find an insurance agent, it can be helpful to understand the different types of agents that differ in how they can insure your vehicles. Agents can either be exclusive agents or independent agents.
Exclusive Insurance Agencies
Agents of this type work for only one company like State Farm or Allstate. They are unable to provide prices from multiple companies so always compare other rates. They are well trained on their company’s products which helps them sell on service rather than price.
Shown below are Portland exclusive insurance agencies that are able to give rate quotes.
Todd Houser – State Farm Insurance Agent
7515 SW Barnes Rd #101 – Portland, OR 97225 – (503) 297-3788 – View Map
Vu Han – State Farm Insurance Agent
322 NE 82nd Ave – Portland, OR 97220 – (503) 252-1114 – View Map
Roland Havens – State Farm Insurance Agent
6720 NE Glisan St – Portland, OR 97213 – (503) 252-1608 – View Map
Independent Agents (or Brokers)
These type of agents do not have single company limitations and that allows them to write policies through lots of different companies and find the cheapest insurance rates. If they find a lower price, they can switch companies in-house which makes it simple for you.
If you need cheaper insurance rates, you absolutely need to get quotes from several independent agencies to have the best price comparison.
The following is a short list of independent insurance agents in Portland that are able to give rate quotes.
Wix Insurance Agency
8037 SE Stark St – Portland, OR 97215 – (503) 760-6826 – View Map
Chet Hill Insurance
10402 NE Sandy Blvd – Portland, OR 97220 – (503) 256-2020 – View Map
Focus 1 Insurance
1500 NW 18th Ave #107 – Portland, OR 97209 – (503) 206-6588 – View Map
After receiving positive feedback to any questions you have and an acceptable price quote, most likely you have located an insurance agency that is professional and can properly insure your vehicles.
One last note
When buying insurance coverage, you should never skimp on coverage in order to save money. There are a lot of situations where an insured cut collision coverage only to discover later that it was a big mistake. Your objective should be to buy enough coverage at an affordable rate while not skimping on critical coverages.
We just showed you many ways to shop for Porsche Cayman insurance online. The key concept to understand is the more times you quote, the higher your chance of finding low cost Portland car insurance quotes. You may even be surprised to find that the lowest rates come from an unexpected company. Some small companies may only write in your state and offer lower auto insurance rates than the large multi-state companies such as Progressive or GEICO.
Helpful learning opportunities
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- What Insurance is Cheapest with Multiple Speeding Tickets in Portland? (FAQ)
- Who Has the Cheapest Portland Auto Insurance for a Jeep Grand Cherokee? (FAQ)
- How Much are Portland Car Insurance Rates for Good Drivers? (FAQ)
- What Auto Insurance is Cheapest for a Kia Optima in Portland? (FAQ)
- Who Has Affordable Portland Car Insurance for Drivers with Good Credit? (FAQ)
- How Much is Auto Insurance for Immigrants in Portland? (FAQ)
- What Car Insurance is Cheapest for a Nissan Sentra in Portland? (FAQ)
- Booster Seat Ratings (iihs.org)
- How to shop for a safer car (Insurance Institute for Highway Safety)
- How Much Auto Coverage do I Need? (Insurance Information Institute)