Sadly, a large majority of consumers have purchased from the same company for at least the last four years, and about 40% of consumers have never compared quotes from other companies. With the average car insurance premium being $1,735, Oregon drivers can cut their rates by roughly $1,000 a year by just comparing quotes, but they just don’t understand the large savings they would see if they moved their coverage to a different company.
If your goal is the lowest price, then the best way to find lower priced Porsche Panamera insurance in Portland is to begin comparing prices regularly from insurance carriers in Oregon.
First, try to comprehend how insurance works and the things you can change to lower rates. Many things that result in higher prices such as careless driving and a less-than-favorable credit history can be rectified by paying attention to minor details.
Second, quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from one company like Progressive or Farmers Insurance, while independent agencies can quote prices for a wide range of insurance providers.
Third, compare the price quotes to your existing coverage to see if a cheaper rate is available in Portland. If you find better rates and decide to switch, ensure there is no coverage lapse between policies.
Fourth, tell your current company to cancel your current auto insurance policy. Submit the required down payment along with the signed application for your new coverage. As soon as you receive it, safely store the proof of insurance certificate along with the vehicle’s registration papers.
An important part of this process is that you use identical coverage information on every quote and and to get quotes from as many companies as feasibly possible. This ensures an accurate price comparison and many rates to choose from.
Comparing rates for affordable insurance in Portland is easy if you know what you’re doing. If you’re already insured or just want cheaper rates, you can learn to find better prices while maximizing coverage. Vehicle owners just need to know the most effective way to compare insurance rates online.
The quickest method we recommend to compare insurance rates from multiple companies is to know car insurance companies actually pay money for the chance to provide you with a free rate quote. All you need to do is spend a couple of minutes providing details including the type of vehicles you drive, if it has an alarm system, if you lease or own, and how much school you completed. Your rating data is instantly submitted to insurance carriers in your area and you receive quotes instantly.
To find the cheapest Porsche Panamera insurance rates, click here and find out if lower rates are available in Portland.
The auto insurance companies shown below provide price quotes in Portland, OR. If multiple companies are listed, it’s a good idea that you visit as many as you can in order to find the cheapest rates.
Auto insurance data for a Porsche Panamera
The price information below outlines estimates of coverage prices for Porsche Panamera models. Learning how policy rates are determined can help guide drivers when making informed decisions when comparing rate quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Panamera S 4-Dr Hatchback||$264||$570||$386||$22||$116||$1,358||$113|
|Panamera 4S AWD 4-Dr Hatchback||$264||$622||$386||$22||$116||$1,410||$118|
|Panamera Turbo AWD 4-Dr Hatchback||$304||$730||$386||$22||$116||$1,558||$130|
|Get Your Own Custom Quote Go|
Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Table data does not factor in vehicle garaging location which can affect price quotes significantly.
The diagram below illustrates how your choice of deductibles and can increase or decrease Porsche Panamera insurance premiums for different categories of driver ages. The information is based on a single female driver, comp and collision included, and no discounts are taken into consideration.
Car insurance is not optional
Even though it can be expensive, paying for car insurance may be required and benefits you in several ways.
- The majority of states have minimum liability requirements which means you are required to carry specific limits of liability in order to drive the car legally. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If your Porsche has a lienholder, most banks will require you to buy insurance to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Porsche for a lot more money and require you to reimburse them the higher price.
- Car insurance protects both your Porsche and your personal assets. Insurance will pay for hospital and medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense in the event you are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance are without a doubt worth the cost, especially when you need to use it. But the average driver in Oregon overpays as much as $865 each year so it’s very important to do a rate comparison at least once a year to ensure rates are inline.
Smart Buyers Can Slash Their Insurance Rates
Lots of factors are used in the calculation when premium rates are determined. Some are obvious such as your driving history, although some other factors are more obscure such as your credit history or how safe your car is.
Lower rates for married couples – Having a wife or husband may cut your premiums when shopping for auto insurance. It means you’re more stable financially it has been statistically shown that being married results in fewer claims.
Coverage lapses lead to higher auto insurance rates – Driving without insurance coverage in place can get your license suspended and auto insurance companies will penalize you for letting your coverage cancel without a new policy in place. Not only will rates go up, failure to provide proof of insurance could earn you a steep fine or even jail time. You may need to provide proof of insurance in the form of an SR-22 filing with the Oregon motor vehicle department.
Better auto insurance rates on cars with good safety ratings – Safer cars can get you lower premiums. Vehicles built for safety protect occupants better and fewer serious injuries translates into savings for insurance companies which can result in lower premiums. If your Porsche Panamera has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
When should you not file auto insurance claims? – If you file claims often, you shouldn’t be surprised to get increased rates or even have your policy non-renewed. Car insurance companies in Oregon award the best rates to insureds who do not rely on their insurance for small claims. Your insurance policy is intended to be relied upon for the large, substantial claims.
Job and insurance prices – Did you know your occupation can influence how much you pay for auto insurance? Occupations such as judges, air traffic controllers, and stock brokers generally pay higher premiums than the average policyholder attributed to high stress and extremely grueling work hours. Conversely, jobs like scientists, athletes and performers have the lowest average rates.
Annual miles is a factor – Driving a lot of miles in a year the higher your rate. Most companies calculate rates based on how the vehicle is used. Cars that are left in the garage get more affordable rates as compared to vehicles used primarily for driving to work. Ask your agent if your auto insurance policy correctly shows the right rating data, because it can save money. Having the wrong rating on your Panamera is just wasting money.
Careless drivers pay higher rates – Even one moving violation can boost insurance rates to the point where it’s not affordable. Attentive drivers pay less for auto insurance compared to bad drivers. Drivers who have received careless violations such as DWI, reckless driving or hit and run convictions may be required to file a SR-22 with the DMV in their state in order to prevent a license revocation.
The diagram below demonstrates how citations and at-fault collisions drive up Porsche Panamera car insurance costs for different age groups. The premiums are based on a single male driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.
Save money by raising coverage deductibles – Comprehensive and collision coverage deductibles tell how much you are willing to pay if you file a covered claim. Insurance for physical damage, aka comp and collision, is used to repair damage to your car. Some coverage claims could be colliding with a stationary object, collision with a deer, and having a roll-over accident. The more of the claim you are required to pay out-of-pocket, the less your company will charge you for insurance.
Loss statistics for a Porsche Panamera – Companies analyze past claim statistics to help set a rate to offset losses. Vehicles that are shown to have high amounts or severity of claims will have increased rates.
The next table illustrates the insurance loss data for Porsche Panamera vehicles. For each coverage type, the statistical loss for all vehicles, regardless of make or model, is a value of 100. Percentage numbers below 100 suggest a positive loss record, while percentages above 100 indicate a higher chance of having a claim or an increased probability of a larger loss.
|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 from IIHS.org for 2013-2015 Model Years
Compare rates regularly to save
Some insurance companies may not have rates over the internet and many times these smaller providers only sell coverage through independent agents. More affordable insurance in Portland is available online as well as from independent agents in Portland, and you should be comparing both in order to have the best price selection to choose from.
In this article, we covered a lot of information how to compare Porsche Panamera insurance prices in Portland. The most important thing to understand is the more quotes you get, the higher the chance of saving money. You may even find the biggest savings come from a small mutual company. They may only write in your state and offer lower rates than their larger competitors like State Farm and Allstate.
For more information, link through to the resources below:
- Crash Avoidance Technologies FAQ (iihs.org)
- Who Has Cheap Portland Car Insurance Rates for College Students? (FAQ)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Top Signs Your Brakes are Giving Out (State Farm)
- How to Avoid Staged Accidents (State Farm)
- Senior Drivers (Insurance Information Institute)