Auto Insurance Rates for a Porsche 911 in Omaha

Unbelievable but true according to a study a large majority of drivers kept buying from the same company for well over three years, and just under half have never compared rates to find cheap insurance. Nebraska insurance shoppers can save hundreds of dollars each year by just comparing quotes, but they won’t spend time to compare rate quotes online.

The preferred way to find cheaper auto insurance rates is to do an annual price comparison from different companies who sell auto insurance in Omaha.

• First, try to learn a little about policy coverages and the measures you can control to prevent expensive coverage. Many risk factors that result in higher rates like at-fault accidents, speeding tickets, and a bad credit rating can be eliminated by making minor changes in your lifestyle.
• Second, compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or State Farm, while agents who are independent can quote prices for a wide range of insurance providers.
• Third, compare the new rate quotes to your current policy to see if you can save by switching companies. If you find a lower rate and make a switch, make sure coverage is continuous and does not lapse.
• Fourth, provide proper notification to your current company to cancel your existing policy. Submit any necessary down payment along with the completed application to the new company. Once the paperwork is finalized, store the proof of insurance paperwork with your vehicle’s registration.

The most important part of this process is to make sure you enter the same physical damage deductibles and liability limits on every quote and and to look at as many carriers as you can. This ensures a level playing field and a complete rate analysis.

If you already have coverage or are looking for a new policy, you can learn to get lower rates while maintaining coverages. Locating the best rates in Omaha can really be easy if you know what you’re doing. Shoppers only need an understanding of the least time-consuming way to compare rate quotes instantly.

Porsche 911 insurance quotes comparison

Lowering your insurance rates isn’t really that difficult. All that’s required is to take the time comparing rate quotes online from several insurance companies.

Comparison shopping rate quotes online is easy and it takes the place of having to spend your day driving to and from local insurance agencies. The fact that you can get quotes online makes this unnecessary unless you want the professional advice of a local agent. It is possible with some companies find lower rates online but buy the policy through an agent.

The following companies are ready to provide price comparisons in Omaha, NE. To locate cheaper auto insurance in Omaha, we recommend you visit several of them to get the best price comparison.

Choosing 911 insurance is an important decision

Despite the potentially high cost of Porsche 911 insurance, paying for car insurance may not be optional for several reasons.

• The majority of states have mandatory insurance requirements which means the state requires a specific level of liability protection in order to drive the car legally. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you took out a loan on your 911, it’s guaranteed your bank will require that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Porsche at an extremely high rate and force you to pay a much higher amount than you were paying before.
• Insurance protects not only your Porsche but also your financial assets. Insurance will also pay for hospital and medical expenses that are the result of an accident. As part of your policy, liability insurance also pays expenses related to your legal defense in the event you are sued. If your Porsche gets damaged, collision and comprehensive coverages will pay to have it repaired.

The benefits of having car insurance outweigh the cost, specifically if you ever have a liability claim. Today the average American driver overpays more than $810 a year so compare rates at least once a year to ensure rates are inline.

Statistics and details

The data table shown below outlines different insurance prices for Porsche 911 models. Knowing how car insurance premiums are figured can aid in making decisions on which insurance to purchase.

Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can decrease or increase insurance rates noticeably.

Can higher deductibles save money?

One of the most common insurance questions is the level to set your comp and collision deductibles. The figures shown below can help show how much more rates are between high and low insurance deductibles. The first rate comparisons uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Prices do not factor in specific location information which can lower or raise coverage rates significantly.

Using the premium rates above, we can conclude that using a $100 deductible will cost in the ballpark of $38 more each month or $456 every year than selecting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you have more than 11 months between claims, you would probably come out ahead if you choose the higher deductible.

Comparison of insurance rates by age and gender in Omaha

The information below illustrates the comparison of Porsche 911 yearly insurance costs for male and female drivers. The information is based on no claims or violations, full coverage, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

Difference between full coverage and liability only rates

The example below shows the comparison of Porsche 911 auto insurance costs with full coverage and liability only. The premium estimates are based on no claims or violations, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

When to switch to liability coverage only

There is no definitive guideline of when to eliminate full coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s say your Porsche 911 book value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,000 after the deductible is paid. If it’s costing you more than $500 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are a few situations where only buying liability is not in your best interest. If you haven’t paid off your loan, you have to keep full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Five discounts for lower-cost car insurance rates

Companies offering auto insurance don’t always advertise the complete list of policy discounts very well, so we break down both the well known and also the lesser-known savings tricks you should be using when you buy Omaha car insurance online.

• Anti-lock Brake System – Cars, trucks, and SUVs that have anti-lock braking systems are much safer to drive and qualify for as much as a 10% discount.
• Discounts for New Vehicles – Adding a new car to your policy is cheaper because new model year vehicles keep occupants safer.
• Discount for Good Grades – Performing well in school can save 20 to 25%. Earning this discount can benefit you until age 25.
• Organization Discounts – Belonging to a civic or occupational organization in Omaha is a simple method to lower premiums on your policy.
• Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them successfully take a driver’s education course in school or through a local driver safety program.

We need to note that most credits do not apply to the whole policy. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So when the math indicates it’s possible to get free car insurance, company stockholders wouldn’t be very happy.

The chart below compares Porsche 911 annual premium costs with and without discounts applied to the rates. Data assumes a male driver, no accidents, no driving violations, Nebraska state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, marriage, safe-driver, and multi-car discounts applied.

Popular car insurance companies and some of the discounts can be read below.

• American Family may offer discounts for defensive driver, bundled insurance, mySafetyValet, accident-free, multi-vehicle, Steer into Savings, and TimeAway discount.
• Nationwide offers discounts including easy pay, multi-policy, accident-free, family plan, and good student.
• MetLife includes discounts for good driver, multi-policy, accident-free, defensive driver, and good student.
• 21st Century may include discounts for defensive driver, homeowners, automatic seat belts, good student, anti-lock brakes, student driver, and driver training.
• Farmers Insurance policyholders can earn discounts including business and professional, switch companies, youthful driver, electronic funds transfer, good student, and pay in full.
• Allstate has discounts for good payer, resident student, passive restraint, 55 and retired, anti-theft, defensive driver, and premier discount.

Before you buy a policy, ask each insurance company what discounts are available to you. All car insurance discounts may not apply to policyholders in Omaha. For a list of insurers that offer multiple discounts in Nebraska, click here.

Everyone needs different car insurance coverages

When selecting the right insurance coverage, there really isn’t a one-size-fits-all type of policy. Everyone’s needs are different and your car insurance should unique, too.
For instance, these questions could help you determine whether your personal situation may require specific advice.

• Do I benefit by insuring my home with the same company?
• Does coverage extend to Mexico or Canada?
• Am I missing any policy discounts?
• Is a new car covered when I drive it off the dealer lot?
• What are the liability requirements in my state?
• What is the difference between personal and commercial auto insurance policies?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.