Do you want to stop overpaying and find the cheapest Porsche Cayman insurance in Aurora? Sick and tired of not being able to scrape enough together to buy car insurance? Your situation is no different than the majority of other vehicle owners in Colorado.

Insurance for Porsche CaymanSurprisingly, a recent survey revealed that most car insurance buyers have been with the same company for at least the last four years, and nearly half have never quoted rates to find lower-cost coverage. Aurora insurance shoppers could cut their rates by about $605 a year just by comparing rates, but they don't believe how much savings they would realize if they swap their current policy for a cheaper one.

Due to the increasing number of online and local companies to choose from, it's nearly impossible to find the most cost effective car insurance company.

You should take the time to get comparison quotes before your policy renews because prices are constantly changing. Just because you found the best deal on Porsche Cayman insurance in Aurora a year ago the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about car insurance because you're about to find out the best methods to get good coverage on Porsche Cayman insurance in Aurora at a lower rate.

Finding the lowest-priced protection in Aurora is easy to do. In a nutshell, everyone who shops for auto insurance will most likely be able to find lower rates. Although Colorado car owners can benefit from knowing how the larger insurance companies charge you for coverage because it can help you find the best coverage.

Companies offering Porsche Cayman insurance in Aurora

The following companies have been selected to offer free quotes in Colorado. If more than one company is shown, we recommend you visit as many as you can to get the best price comparison.

Porsche Cayman Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $290 $582 $330 $20 $98 $1,320 $110
Cayman S 2-Dr Coupe $296 $620 $358 $22 $108 $1,404 $117
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Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Rate quotes do not factor in your specific Aurora location which can affect premiums considerably.

Deductible analysis

The example below demonstrates how deductible levels and can raise or lower Porsche Cayman insurance prices for different age categories. The information is based on a single female driver, comprehensive and collision coverage, and no discounts are applied.

Auto insurance deductibles

One common question asked by Aurora drivers is what deductibles to buy. The comparison tables below can help show the differences in price between high and low physical damage deductibles. The first data set uses a $250 physical damage deductible and the second data table uses a $1,000 deductible.

Porsche Cayman insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $376 $702 $352 $20 $106 $1,581 $132
Cayman S 2-Dr Coupe $376 $784 $352 $20 $106 $1,663 $139
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Porsche Cayman insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $232 $442 $352 $20 $106 $1,152 $96
Cayman S 2-Dr Coupe $232 $492 $352 $20 $106 $1,202 $100
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Estimates do not factor in specific location information which can raise or lower premiums noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs roughly $38 more each month or $456 every year than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you average more than 20 months between claims, you would probably be better off going with the higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $136
Average monthly premium for $1,000 deductibles (subtract): - $98
Monthly savings from raising deductible: $38
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $38
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One important issue to know is that a higher deductible level means you will have to pay more out-of-pocket when you do file a claim. That will necessitate enough disposable savings in order to pay the higher deductible in order to repair your vehicle.

Full coverage versus liability only rates

The diagram below visualizes the comparison of Porsche Cayman car insurance costs with liability coverage only compared to full coverage. The information is based on no claims, a clean driving record, $1,000 deductibles, single female driver, and no discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no clear-cut formula for phasing out comp and collision coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let's pretend your Porsche Cayman replacement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $3,000 after the deductible is paid. If you are paying more than $300 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some situations where buying only liability insurance is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you don't have enough money to buy a different vehicle if your current one is totaled, you should not buy liability only.

Get cheaper Porsche Cayman insurance in Aurora with discounts

Not many people think insurance is cheap, but companies offer discounts that may help make it more affordable. A few discounts will automatically apply at quote time, but some discounts are required to be asked about in order for you to get them.

It's important to understand that many deductions do not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like all those discounts means the company will pay you, you're out of luck. But all discounts will bring down your auto insurance premiums.

To locate auto insurance companies with the best Porsche Cayman insurance discounts in Aurora in Colorado, follow this link.

Get rate quotes but still have a local neighborhood Aurora car insurance agent

Many drivers still prefer to sit down with an agent and doing that can be a smart decision An additional benefit of comparing rates online is the fact that you can find the best rates and also buy local. Buying from local insurance agencies is important particularly in Aurora.

Find insurance agent in AuroraUpon completion of this form (opens in new window), your insurance data is transmitted to agents in your area who will give you bids and help you find cheaper coverage. You don't have to search for any insurance agencies because prices are sent directly to you. You can most likely find cheaper rates without a big time investment. If you have a need to compare prices from a particular provider, you can always find their quoting web page and fill out the quote form the provide.

Compare rates from both independent and exclusive auto insurance agents

When narrowing the list to find a local Aurora insurance agency, there are a couple of different types of agents and how they are slightly different. Agents can be described as either independent agents or exclusive agents depending on their employer.

Independent Agencies or Brokers

Independent agents are appointed with more than one company and that allows them to write policies with an assortment of companies and find you the best rates. To move your coverage to a new company, they simply move the coverage in-house which is easy for the insured. If you are trying to find cheaper rates, you absolutely need to contact independent agents so that you can do a thorough price comparison.

Shown below are Aurora independent insurance agents that may be able to give free price quotes.

9601 E Colfax Ave - Aurora, CO 80010 - (303) 577-2400 - View Map

2228 S Fraser St #2 - Aurora, CO 80014 - (303) 693-9343 - View Map

Amercian Affordable Insurance: Arthur Blaszczyszn
10660 E Bethany Dr - Aurora, CO 80014 - (303) 577-9998 - View Map

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Exclusive Car Insurance Agencies

Agents of this type can only write with one company like Farmers Insurance or State Farm. Exclusive agents cannot shop your coverage around so they have no alternatives for high prices. These agents are usually quite knowledgeable on their products and sales techniques and that allows them to sell at a higher price point.

Below are exclusive agents in Aurora that are able to give rate quotes.

15037 E Colfax Ave k - Aurora, CO 80011 - (303) 340-8849 - View Map

12100 E Iliff Ave #104 - Aurora, CO 80014 - (303) 755-3220 - View Map

2821 S Parker Rd #235 - Aurora, CO 80014 - (720) 789-7980 - View Map

More insurance agents

Deciding on an auto insurance agent should depend on more than just the bottom line cost. Below are some questions you should ask.

After talking to the agent and getting positive feedback as well as a price you're happy with, most likely you have located a car insurance agent that can provide car insurance coverage. Keep in mind consumers can terminate your policy at any time so don't assume you are locked into any specific company with no way to switch.

Do you really save 40% when you switch?

Respected companies like 21st Century, Allstate and State Farm endlessly run ads in print and on television. All the ads tend to make the same promise that you can save if you change your policy. But how can every company lower your rates? Here is how they do it.

Most companies offer their best rates for the type of customer that makes them money. For example, a desirable risk should be over the age of 45, has other policies, and has excellent credit. Anybody that hits that "sweet spot" will get the preferred car insurance rates in Aurora as well as save when they switch companies.

Potential customers who cannot meet this stringent profile may receive higher premium rates and ends up with the driver buying from a lower-cost company. If you pay close attention to the ads, they say "customers that switch" but not "everyone who gets a quote" can save as much as they claim. That's why companies can truthfully lure you into getting a quote.

Each company has different criteria, so it's extremely important to get as many free Aurora auto insurance quotes as possible. You cannot predict the company that will have the lowest car insurance rates for your situation.

Auto insurance 101

Knowing the specifics of your car insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you'll find the normal coverages found on the average car insurance policy.

Coverage for collisions

Collision coverage will pay to fix damage to your Cayman resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things like backing into a parked car, driving through your garage door, damaging your car on a curb, sustaining damage from a pot hole and sideswiping another vehicle. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. You can also choose a higher deductible on your Cayman to save money on collision insurance.

Comprehensive coverages

Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like damage from getting keyed, damage from a tornado or hurricane, vandalism and theft. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the "other guys" either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle's occupants and damage to your Porsche Cayman.

Because many people only carry the minimum required liability limits (Colorado limits are 25/50/15), their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually these coverages are similar to your liability insurance amounts.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for immediate expenses such as hospital visits, EMT expenses and rehabilitation expenses. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible

Liability insurance

Liability insurance provides protection from injuries or damage you cause to other people or property by causing an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/15 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $15,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers claims like repair bills for other people's vehicles, court costs, emergency aid and loss of income. How much liability coverage do you need? That is your choice, but it's cheap coverage so purchase higher limits if possible. Colorado requires drivers to carry at least 25/50/15 but drivers should carry more coverage.

Affordable auto insurance rates are possible

You just read some good ideas how to get a better price on Porsche Cayman insurance in Aurora. It's most important to understand that the more price quotes you have, the better chance you'll have of finding the cheapest Porsche Cayman rate quotes. You may even be surprised to find that the best car insurance rates are with the least-expected company. Smaller companies may only write in your state and offer lower premium rates compared to the large companies like Allstate or State Farm.

As you restructure your insurance plan, do not buy lower coverage limits just to save a few bucks. Too many times, drivers have reduced full coverage and learned later that their decision to reduce coverage ended up costing them more. Your focus should be to buy enough coverage at the lowest possible cost and still be able to protect your assets.

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