Having to pay for overpriced auto insurance in Dallas can diminish your monthly budget and make it hard to pay other bills. Performing a rate comparison can help to make ends meet.
It's hard to fathom, but about 70% of customers have stayed with the same insurance company for at least four years, and about 40% of consumers have never quoted auto insurance rates at all. Dallas insurance shoppers could save themselves nearly $1,766 a year just by getting comparison quotes, but they don't know the amount of savings they would get if they replace their high priced policy. There are many insurance companies to buy insurance from, and although it's a good thing to be able to choose, more options can take longer to compare rates and find the lowest cost auto insurance.
You should take the time to compare rates every six months due to the fact that insurance rates are constantly changing. Just because you had the lowest rate on Porsche Boxster insurance in Dallas a couple years back there may be better deals available now. There are lots of tips to save on Boxster insurance online but in just a couple of minutes you can learn some of the best ways to lower your auto insurance bill.
The method we recommend to compare car insurance rates for Porsche Boxster insurance in Dallas is to take advantage of the fact car insurance companies will pay a fee to give rate comparisons. The only thing you need to do is give the companies some data like the make and model of your vehicles, if a SR-22 is required, coverage limits, and marital status. Your insurance information is instantly submitted to all major companies and they respond with quotes immediately.
To compare cheap Porsche Boxster insurance rates now, click here and complete the form.
The providers in the list below can provide comparison quotes in Texas. If multiple companies are listed, we suggest you visit two to three different companies to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Boxster 2-Dr Convertible||$344||$542||$424||$26||$128||$1,464||$122|
|Boxster S 2-Dr Convertible||$256||$510||$304||$18||$92||$1,180||$98|
|Get Your Own Custom Quote Go|
Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rates do not factor in the specific area where the vehicle is garaged which can decrease or increase premium rates noticeably.
Cost comparison with and without full coverage
The chart below illustrates the difference between Porsche Boxster annual premium costs with full physical damage coverage compared to only buying liability only. The data assumes no tickets, no at-fault accidents, $250 deductibles, married male driver, and no discounts are applied to the premium.
Should you pay for full coverage or liability only?
There is no specific rule of when to stop paying for full coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let's say your Porsche Boxster book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $8,000 after the policy deductible has been paid. If you are paying over $800 a year to have full coverage, then it might be time to consider dropping full coverage.
There are a few cases where removing full coverage is not recommended. If you still have a loan on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
Policy deductible comparison
The information below shows how different deductible levels and can impact Porsche Boxster premium costs for different categories of driver ages. The data is based on a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.
Rate increases following a ticket or accident
The example below demonstrates how traffic citations and fender-benders can increase Porsche Boxster insurance costs for different age groups. The price estimates are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.
Verify you're applying every discount
Insurance is not cheap nor is it fun to buy but you might already qualify for some discounts that you may not know about. Some discounts will apply at the time you complete a quote, but lesser-known reductions have to be inquired about prior to receiving the credit.
- Multiple Policy Discount - If you have multiple policies and place coverage with the same company you will save at least 10% off all policies.
- Service Members Pay Less - Being on active deployment in the military may lower your premium rates slightly.
- Air Bags and Passive Restraints - Vehicles equipped with air bags can receive discounts as much as 30%.
- Defensive Driver Discount - Passing a course teaching defensive driving skills may get you a small discount and easily pay for the cost of the class.
- Save over 55 - Drivers over the age of 55 can get better insurance rates.
- Pay Early and Save - By paying your policy upfront instead of monthly or quarterly installments you may have a lower total premium amount.
As a disclaimer on discounts, some credits don't apply to your bottom line cost. The majority will only reduce specific coverage prices like comprehensive or collision. So when the math indicates you could get a free insurance policy, you won't be that lucky.
Popular insurance companies and some of their more popular discounts can be found below.
- GEICO includes discounts for defensive driver, anti-theft, multi-policy, good student, multi-vehicle, military active duty, and anti-lock brakes.
- SAFECO may include discounts for bundle discounts, teen safety rewards, safe driver, multi-car, homeowner, teen safe driver, and drive less.
- State Farm offers premium reductions for Steer Clear safe driver discount, anti-theft, driver's education, good driver, multiple policy, passive restraint, and good student.
- MetLife policyholders can earn discounts including claim-free, multi-policy, good student, accident-free, and defensive driver.
- 21st Century has savings for air bags, teen driver, automatic seat belts, early bird, and good student.
- Progressive discounts include multi-vehicle, online quote discount, multi-policy, good student, homeowner, and continuous coverage.
Double check with every insurance company to give you their best rates. All car insurance discounts might not be offered on policies in your area. To choose providers with significant discounts in Texas, follow this link.
Seven Things That Affect Your Insurance Rates
An important part of buying insurance is that you know some of the elements that go into determining the price you pay for insurance. When you understand what controls the rates you pay, this allows you to make good choices that may reward you with lower insurance prices. Many factors are part of the calculation when you quote your car insurance policy. Some are pretty understandable such as traffic violations, but other factors are not quite as obvious such as your marital status and annual miles driven.
Policy add-ons may not be needed - There are a lot of additional coverages that can waste your money on your Boxster policy. Coverages like rental car reimbursement, death and dismemberment, and membership fees could be just wasting money. They may sound like good ideas when talking to your agent, but if you don't need them eliminate them to save money.
Do safer cars cost less to insure? - Cars with five star safety ratings get lower rates. Vehicles built for safety reduce injuries and fewer injuries translates directly to fewer claims passed on to you as lower rates. If your Porsche scored at minimum an "acceptable" rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
Theft deterrents save - Driving a car with an alarm system can save you a little every year. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent your car from being stolen.
Higher deductibles save money - Comp and collision deductibles define how much you are willing to pay if a covered claim is submitted. Physical damage protection, termed comprehensive and collision coverage on your policy, insures against damage to your car. Examples of some claims that would be covered would be collision with another vehicle, fire damage, and damage caused by road hazards. The more you pay before a claim is paid (deductible), the lower your rates will be.
Teenage drivers are expensive to insure - Youthful drivers in Texas have been known to be less responsible when at the wheel of a vehicle therefore insurance rates are much higher. Older, more experienced drivers are proven to be safer behind the wheel, statistically cause fewer accidents, and receive fewer citations.
Protect yourself with liability protection - Liability coverage will afford coverage when you are ruled to be at fault for causing personal injury or damage in an accident. Liability provides legal defense to defend your case. This coverage is very inexpensive compared to comp and collision, so do not cut corners here.
Save money by having multiple policies - The majority of insurance companies provide a discount to policyholders that have more than one policy, otherwise known as a multi-policy discount. Even if you qualify for this discount already, consumers should still check prices from other companies to help ensure you have the lowest rates.
Porsche Boxster statistical loss data - Insurers take into consideration insurance loss statistics for every vehicle as a way to help calculate a profitable premium price. Vehicles that tend to have a trend towards higher claim severity or frequency will cost more to insure. The table shown below demonstrates the insurance loss data used by companies for Porsche Boxster vehicles.
For each coverage type, the statistical loss for all vehicles averaged together is a value of 100. Values under 100 represent a good loss history, while numbers above 100 point to more claims or an increased probability of a larger loss.
Porsche Boxster Insurance Loss Statistics
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Porsche Boxster Convertible||135||47||121||31|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
What if I want to buy from local Dallas car insurance agents?
Some people would rather go talk to an agent. Experienced insurance agents can help you build your policy and help file insurance claims. A good thing about price shopping on the web is that drivers can save money and get lower rates and also buy local. Putting coverage with local insurance agents is important particularly in Dallas.
Once you complete this short form, your insurance coverage information is transmitted to companies in Dallas who will give competitive quotes for your coverage. You never need to find an agent because quoted prices will be sent instantly to you. If for some reason you want to get a price quote from one company in particular, you would need to jump over to their website and submit a quote form there.
Choose the right auto insurance agent
If you want to use a local insurance agency, you should know the types of insurance agents and how they are slightly different. Auto insurance policy providers may be either independent agents or exclusive agents. Both write policy coverage, but it's important to know why they differ since it can affect the selection process.
Independent Agents (or Brokers)
These type of agents are not required to write business for one company so they can insure your vehicles with any number of different companies and get you the best rates possible. If they find a cheaper price, they can switch companies in-house which is easy for the insured. If you need lower rates, you will want to contact independent agents in order to compare the most rates.
Below are Dallas independent insurance agencies that may be able to give pricing information.
Nationwide Insurance: Comparable Insurance Agency Inc
9750 Walnut St Ste 106 - Dallas, TX 75243 - (214) 575-2750 - View Map
Exclusive Auto Insurance Agencies
These agents write business for a single company such as Allstate, Farmers Insurance or State Farm. These agents are unable to shop your coverage around so you might not find the best rates. Exclusive agents are trained well on the products they sell which helps overcome the inability to quote other rates.
Listed below are exclusive insurance agencies in Dallas that are able to give price quote information.
Choosing an auto insurance agent shouldn't rely on just a cheap price. Any agent in Dallas should be forthright in answering these questions:
- Can glass claims be handled at your home?
- Does the agency have a positive business rating?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- How often do they review coverages?
- Is there a local claims center in Dallas?
- How long has the business existed?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Who are their largest clients?
After receiving good answers to any questions you may have as well as an affordable premium quote, chances are good that you have found an insurance agency that is reputable and can properly service your auto insurance policy. It's important to know that you can cancel your coverage whenever you wish so never feel you are locked into a policy for the full policy term.
What is YOUR best insurance company?
Cheap Porsche Boxster insurance in Dallas can be purchased on the web as well as from insurance agents, and you need to comparison shop both so you have a total pricing picture. Some auto insurance companies do not provide price quotes online and usually these smaller companies only sell through independent agents.
When trying to cut insurance costs, it's very important that you do not reduce coverage to reduce premium. In many instances, an insured cut uninsured motorist or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase a proper amount of coverage at the best price and still be able to protect your assets.
In this article, we presented many ways to get a better price on Porsche Boxster insurance in Dallas. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even find the most savings is with a small mutual company. Smaller companies may have significantly lower rates on certain market segments than the large multi-state companies such as Allstate and Progressive.
To read more, feel free to visit the resources below:
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Who Has Cheap Car Insurance Rates for a Toyota Tacoma in Texas? (FAQ)
- What Auto Insurance is Cheapest in Plano, Texas? (FAQ)
- What is the Best Car Insurance in Grand Prairie, TX? (FAQ)
- What Auto Insurance is Cheapest for a Ford Fusion in Texas? (FAQ)
- Event Data Recorders FAQ (iihs.org)
- A Tree Fell on Your Car: Now What? (Allstate)