Discount Porsche Panamera insuranceFinding better insurance prices for your Porsche Panamera in Colorado can normally be difficult, but you can use the following methods to make it easier. There is a better way to shop for car insurance and we'll show you the quickest way to get price quotes on a Porsche and find the cheapest rates from Denver insurance agents and online providers.

It's hard to believe, but most consumers have bought car insurance from the same company for at least the last four years, and about 40% of consumers have never compared rate quotes at all. The average driver in Colorado could pocket nearly 35% a year just by shopping around, but they feel it's too difficult to find lower-cost rates by getting comparison quotes.

If you have insurance now or need new coverage, you can use this information to find better prices and possibly find even better coverage. Quoting and comparing rates for the lowest-priced coverage in Denver is not as hard as you may think. Smart buyers only need an understanding of the most effective way to compare company rates using one simple form.

These discounts can lower your car insurance quotes

Car insurance can cost a lot, but you may find discounts that may help make it more affordable. Certain discounts will be applied when you complete an application, but some discounts are required to be specially asked for before you will receive the discount.

Discounts lower rates, but most discounts do not apply to the overall cost of the policy. Some only apply to individual premiums such as comp or med pay. So when it seems like all those discounts means the company will pay you, company stockholders wouldn't be very happy.

A partial list of companies that have many of the previously listed discounts include:

Check with every prospective company which credits you are entitled to. Savings may not be offered in every state. To view car insurance companies with significant discounts in Denver, click this link.

The quickest method to get policy rate comparisons for Porsche Panamera insurance in Denver is to take advantage of the fact car insurance companies provide online access to give free rates quotes. The only thing you need to do is take a few minutes to give details like which vehicles you own, daily mileage, types of safety features, and driver details. That rating data is instantly provided to insurance carriers in your area and they return cost estimate almost instantly.

To get price quotes for your Porsche Panamera now, click here and complete the quick form.

The following companies are our best choices to provide comparison quotes in Colorado. If multiple companies are listed, we suggest you visit as many as you can to get the lowest price.

Porsche Panamera Insurance Rates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Panamera S 4-Dr Hatchback $356 $642 $362 $22 $108 $1,490 $124
Panamera 4S AWD 4-Dr Hatchback $384 $878 $426 $26 $128 $1,842 $154
Panamera Turbo AWD 4-Dr Hatchback $528 $1254 $456 $28 $136 $2,402 $200
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Price estimates do not factor in specific garaging location which can alter coverage prices significantly.

How careless driving impacts Denver auto insurance rates

The example below demonstrates how citations and accidents influence Porsche Panamera insurance rates for different ages of insureds. The premiums are based on a single female driver, comp and collision included, $250 deductibles, and no discounts are factored in.

Higher deductibles lower rates

One of the most common auto insurance questions is which deductibles should you choose. The comparisons below help summarize how much more rates are between high and low physical damage deductibles. The first data set uses a $100 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Porsche Panamera insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Panamera S 4-Dr Hatchback $536 $1032 $352 $20 $106 $2,071 $173
Panamera 4S AWD 4-Dr Hatchback $536 $1130 $352 $20 $106 $2,169 $181
Panamera Turbo AWD 4-Dr Hatchback $614 $1324 $352 $20 $106 $2,441 $203
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Porsche Panamera insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Panamera S 4-Dr Hatchback $392 $698 $352 $20 $106 $1,568 $131
Panamera 4S AWD 4-Dr Hatchback $392 $764 $352 $20 $106 $1,634 $136
Panamera Turbo AWD 4-Dr Hatchback $448 $894 $352 $20 $106 $1,820 $152
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price information does not factor in Denver location which can increase or decrease price quotes noticeably.

Using the premium rates above, we can conclude that using a $100 deductible will cost you approximately $46 more each month or $552 a year than quoting the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you average at least 9 months between claims, you would come out ahead by going with a higher deductible.

Auto insurance premiums by gender

The diagram below illustrates the difference between Porsche Panamera premium costs for male and female drivers. The rates are based on no accidents, no driving violations, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no discounts are applied.

The Porsche Panamera Insurance Premium Equation

A large part of saving on auto insurance is knowing some of the elements that aid in calculating your auto insurance rates. When consumers understand what determines premiums, this allows you to make good choices that may result in cheaper rates. Lots of factors are used in the calculation when premium rates are determined. A few of the factors are predictable such as your driving record, although others are more transparent like your vehicle usage or your commute time.

The following are a few of the things used by insurance companies to determine rates.

Higher coverage deductibles save money - Protection for physical damage, aka comp and collision, covers your vehicle from damage. Some examples of covered claims would be colliding with a building, damage from fire, and damage caused by flying debris. The deductibles tell how much you are willing to pay before a claim is paid by your company. The more expense the insured is willing to pay, the less your auto insurance will be.

No claims equals lower auto insurance rates - If you are the type of insured that files lots of claims you should expect increased rates or even have your policy non-renewed. Companies in Colorado generally give discounts to policyholders who are claim-free. Your car insurance is intended to be relied upon for major claims that would cause financial hardship.

Consolidate home and auto and save - Most major auto insurance companies will award better rates for people who have multiple policies with them such as combining an auto and homeowners policy. Even if you qualify for this discount already, it's in your best interest to shop around to help ensure you have the lowest rates.

Lower premiums with no policy lapses - Driving your car without having proper coverage is against the law and as a result your rates will increase for letting your coverage lapse. In addition to paying higher premiums, not being able to provide proof of insurance could result in fines and jail time.

Insurance costs are higher for high performance vehicles - The performance level of the car you own makes a huge difference in the rate you pay. Due to the fact that the Porsche Panamera is considered a luxury sport sedan, insurance will be considerably higher than the average rate where you live in Denver. Low performance passenger models receive the most favorable rates, but other factors influence the final cost greatly.

Drive less and get lower prices - The higher the mileage driven in a year the higher the price you pay to insure it. The majority of insurers rate vehicles based upon how much you drive. Autos that sit idle most of the time cost less to insure than cars that get driven a lot. Incorrect rating for your Panamera is throwing money out the window. It's a good idea to make sure your declarations sheet reflects the proper vehicle usage.

Insurance loss statistics a Porsche Panamera - Insurers use claims history to help determine the price you pay. Models that statistically have higher loss trends will have increased rates.

The table below illustrates the compiled insurance loss statistics for Porsche Panamera vehicles. For each policy coverage, the loss probability for all vehicles, without regard to make or model, is equal to 100. Percentage numbers below 100 suggest a positive loss record, while values that are above 100 indicate a higher chance of having a claim or an increased chance of a larger loss.

Car Insurance Loss Data for Porsche Panamera Models

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
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Local Denver car insurance agents

Some consumers just want to buy from a local agent and that is OK! Good insurance agents are very good at helping people manage risk and will help you if you have claims. One of the best bonuses of comparing rates online is you can get the lowest rates and still have an agent to talk to.

Insurance agency in DenverTo find an agent, once you fill out this form (opens in new window), your insurance coverage information is sent to local insurance agents in Denver who can give free rate quotes for your car insurance coverage. You never need to contact any agents because quoted prices will be sent immediately to you. If for some reason you want to compare rates from one company in particular, just go to their quote page and complete a quote there.

Picking an company should depend on more than just the price. A good agent in Denver will have answers to these questions.

Pick the best car insurance agent in Denver for you

If you are wanting to purchase car insurance from a local Denver insurance agent, it can be helpful to understand the types of insurance agents that you can choose from. Agencies in Denver can be described as either exclusive or independent (non-exclusive). Both can properly insure your vehicles, but we need to point out why they differ since it can impact buying decisions.

Exclusive Insurance Agents

These type of agents write business for a single company and some examples include Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot shop your coverage around so they really need to provide good service. They are well trained on their company's products which helps them sell on service rather than price. Consumers often use the same exclusive agent primarily because of the brand legacy rather than having low rates.

The following is a short list of exclusive agents in Denver that are able to give rate quotes.

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Independent Car Insurance Agents

These agents are not locked into one company so they can quote policies amongst many companies and find the cheapest car insurance rates. To transfer your coverage to a different company, the agent simply finds a different carrier and you stay with the same agent. When searching for an agent, you absolutely need to include rate quotes from a couple of independent agencies for the best price selection. Many write coverage with companies that do not advertise much that many times have cheaper rates.

Listed below is a list of independent agents in Denver willing to provide price quote information.

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Choosing the best vehicle insurance in Colorado is an important decision

Despite the high cost of buying insurance for a Porsche Panamera in Denver, buying car insurance is required in Colorado but also provides important benefits.

The benefits of buying car insurance more than offset the price you pay, especially if you ever need it. According to a 2015 survey, the average American driver is wasting up to $810 a year so compare rates at every renewal to make sure the price is not too high.

Get the best coverage at the lowest price

We just presented a lot of techniques to save on Porsche Panamera insurance in Denver. It's most important to understand that the more rate quotes you have, the higher the chance of saving money. Drivers may even discover the best price on insurance is with the smaller companies.

Consumers leave their current company for a number of reasons such as extreme rates for teen drivers, unfair underwriting practices, denial of a claim and even policy non-renewal. No matter why you want to switch, switching companies is not as difficult as it may seem.

More affordable insurance in Denver can be found on the web in addition to local insurance agencies, so you need to shop Denver auto insurance with both to get a complete price analysis. A few companies do not offer online rate quotes and many times these regional carriers provide coverage only through independent insurance agencies.

More tips and info about insurance can be found at these sites: