How long has it been since you compared quotes for the cheapest Porsche Panamera insurance in El Paso? Car owners not familiar with comparing insurance rates on the internet can find sourcing low cost Porsche Panamera insurance can be quite difficult.
It’s safe to conclude that insurance companies don’t want policyholders to compare prices from other companies. People who shop rates annually are likely to buy a different policy because they stand a good chance of finding a lower-priced policy. Remarkably, a study showed that consumers who regularly compared rates saved approximately $865 annually compared to those who never shopped for cheaper rates.
If finding the cheapest price on insurance in El Paso is your target objective, then having some insight into the best ways to find and compare cheaper coverage can help simplify the task of finding more affordable coverage.
You need to compare prices every six months because car insurance rates are rarely the same from one policy term to another. Just because you had the lowest premium rates on Porsche Panamera insurance in El Paso a few years ago other companies may now be cheaper. You’ll find a ton of advice on Panamera insurance online but you can learn some of the best techniques to quit paying high car insurance rates in El Paso.
Get lower-cost Porsche Panamera insurance in El Paso with discounts
Companies do not advertise every policy discount very clearly, so we took the time to find both well-publicized and also the lesser-known car insurance savings.
- Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and can earn a small discount on your policy.
- One Accident Forgiven – This isn’t a discount exactly, but companies like Liberty Mutual, GEICO and Allstate permit an accident without getting socked with a rate hike with the catch being you have to be claim-free for a specific time period.
- Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to buckle their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
- Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them successfully complete driver’s ed class if it’s offered in school.
- Discounts for New Vehicles – Insuring a new Panamera can cost up to 25% less because newer models keep occupants safer.
- Distant College Student Discount – Kids who are attending college and do not have access to a covered vehicle could get you a discount.
- Discount for Good Grades – Getting good grades can earn a discount of 20% or more. The discount lasts up until you turn 25.
- Paper-free Discount – Certain companies will provide an incentive for signing up on the internet.
As is typical with insurance, many deductions do not apply to all coverage premiums. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, you won’t be that lucky.
The chart below visualizes the comparison of Porsche Panamera auto insurance rates with and without discounts applied to the rates. The price estimates are based on a male driver, no claims or driving violations, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, homeowner, multi-policy, and marriage discounts applied.
Popular car insurance companies and a summarized list of policyholder discounts are outlined below.
- Progressive offers discounts for continuous coverage, multi-vehicle, good student, online signing, and multi-policy.
- GEICO has discounts for military active duty, anti-theft, good student, air bags, and multi-policy.
- State Farm offers premium reductions for Drive Safe & Save, anti-theft, good driver, multiple autos, defensive driving training, Steer Clear safe driver discount, and student away at school.
- Esurance has savings for anti-lock brakes, emergency road assistance, Switch & Save, homeowner, good student, and paid-in-full.
- The Hartford discounts include driver training, anti-theft, good student, air bag, and vehicle fuel type.
Before purchasing a policy, check with all the companies what discounts are available to you. Some discounts listed above may not be available in your area. If you would like to view car insurance companies who offer online Porsche Panamera insurance quotes in El Paso, follow this link.
Most companies provide insurance quotes online. Getting Porsche Panamera insurance prices online is pretty painless as you simply enter the coverage amounts you desire as detailed in the form. After the form is submitted, the quote system collects information on your driving record and credit history and returns a price based on many factors.
This simplifies rate comparisons, and it’s absolutely necessary to perform this step in order to find cheap prices.
To find out if lower rates are available, consider comparing rates from the companies shown below. To compare your current rates, we recommend you enter coverages and limits exactly as shown on your declarations page. Doing this guarantees you will receive a fair comparison for similar coverage.
The companies shown below offer price quotes in El Paso, TX. If multiple companies are shown, we suggest you visit several of them to get a more complete price comparison.
Rates and statistics
The information shown next outlines detailed analysis of insurance prices for Porsche Panamera models. Having insight into how insurance policy premiums are figured can assist in making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $294 | $542 | $392 | $24 | $118 | $1,370 | $114 |
| Panamera 4S AWD 4-Dr Hatchback | $294 | $594 | $392 | $24 | $118 | $1,422 | $119 |
| Panamera Turbo AWD 4-Dr Hatchback | $336 | $696 | $392 | $24 | $118 | $1,566 | $131 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in your specific El Paso location which can decrease or increase price quotes significantly.
Choosing deductibles
The hardest decision when buying coverage is where should you set your physical damage deductibles. The premium rates below can help illustrate the price difference of buying low and high coverage deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $522 | $938 | $382 | $22 | $114 | $2,003 | $167 |
| Panamera 4S AWD 4-Dr Hatchback | $522 | $1026 | $382 | $22 | $114 | $2,091 | $174 |
| Panamera Turbo AWD 4-Dr Hatchback | $598 | $1204 | $382 | $22 | $114 | $2,345 | $195 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $424 | $756 | $382 | $22 | $114 | $1,698 | $142 |
| Panamera 4S AWD 4-Dr Hatchback | $424 | $828 | $382 | $22 | $114 | $1,770 | $148 |
| Panamera Turbo AWD 4-Dr Hatchback | $486 | $970 | $382 | $22 | $114 | $1,974 | $165 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Rates do not factor in zip code location which can influence coverage rates greatly.
Using the data above, we can ascertain that using a $250 deductible will cost you roughly $27 more each month or $324 every year averaged for all Panamera models than selecting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 9 months between claim filings, you would probably be better off if you decide on a higher deductible.
How to determine when to raise your deductibles
| Average monthly premium for $250 deductibles: | $179 |
| Average monthly premium for $500 deductibles (subtract): | – $152 |
| Monthly savings from raising deductible: | $27 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $27 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 9 months |
One important issue to know is that increasing deductibles to save money results in having to pay to pay more out-of-pocket when you do file a claim. That will necessitate some extra savings in order to pay the deductible to have repairs made.
Your insurance coverage should be tailored to you
Always remember that when buying insurance from an agent or online for your vehicles, there isn’t really a one-size-fits-all type of policy. Your needs are unique to you.
These are some specific questions can aid in determining if your insurance needs might need an agent’s assistance.
- When should I not buy collision coverage?
- Is my camper covered for physical damage?
- Do I have coverage if my license is suspended?
- Does coverage extend to a rental car in a foreign country?
- How high should deductibles be on a Porsche Panamera?
- What is high-risk coverage and where do I buy it?
- Can my babysitter drive my car?
- Is coverage enough to protect my assets?
If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form.
Buying from car insurance agents
A small number of people just prefer to sit down and talk to an agent and that can be a smart move One of the benefits of comparing insurance prices online is you may find the lowest rates and also buy local.
For easy comparison, once you complete this short form, the quote information is transmitted to local insurance agents in El Paso who will give you bids to get your business. It simplifies rate comparisons since you won’t have to search for an agent due to the fact that quote results will go to your email. Get lower rates without having to waste a lot of time. In the event you want to get a comparison quote from a particular provider, don’t hesitate to visit that company’s website and give them your coverage information.
Picking the best insurance company should include more criteria than just the quoted price. You should also get answers to these questions.
- Is vehicle mileage a factor when determining depreciation for repairs?
- Will you work with the agent or an assistant?
- What discounts might you be missing?
- Do they offer claims assistance after hours?
- If they are an independent agency in El Paso, which companies do they recommend?
- Is their price quote a firm figure or are their hidden costs?
If you need to find a reliable insurance agent, you must know there are a couple different agency structures and how they can write your policy. Insurance agents in El Paso are either exclusive or independent (non-exclusive).
Exclusive Agents
Exclusive agencies can only write with one company and some examples include Farmers Insurance, Allstate, or State Farm. They usually cannot place coverage with different providers so it’s a take it or leave it situation. Exclusive agents are well schooled on their products and sales techniques which helps them sell on service rather than price. Consumers frequently choose to use a exclusive agent partially due to the prominent brand name and the convenience of having all coverages with one company.
Shown below are exclusive agents in El Paso willing to provide rate quotes.
- Crystal Martinez – State Farm Insurance Agent
12295 Pellicano Dr #2 – El Paso, TX 79936 – (915) 855-8555 – View Map - Manny M Casillas – State Farm Insurance Agent
1212 N Yarbrough Dr #105 – El Paso, TX 79925 – (915) 591-2288 – View Map - James Valenzuela – State Farm Insurance Agent
11617 Pellicano Dr – El Paso, TX 79936 – (915) 858-6262 – View Map
Independent Agencies or Brokers
Independent agents are appointed with more than one company so they can insure your vehicles with any number of different companies and find the cheapest rate. To transfer your coverage to a different company, they simply switch companies in-house without you having to go to a different agency. If you need cheaper insurance rates, you need to get quotes from a couple of independent agencies to maximize your price options. Most can insure with additional companies that you may not be familiar with which can be an advantage.
Shown below are independent insurance agencies in El Paso willing to provide comparison quotes.
- Colonial Insurance
1515 Lee Trevino Dr – El Paso, TX 79936 – (915) 590-4099 – View Map - Tony Ramos Insurance
7230 Gateway Blvd E H – El Paso, TX 79915 – (915) 599-1678 – View Map - Colonial Insurance Agency
7636 Gateway Blvd E – El Paso, TX 79915 – (915) 592-0999 – View Map
Texas auto insurance companies ranked
Finding a good quality auto insurance company can be rather challenging considering how many companies are available to choose from in Texas. The company ratings in the next section may help you select which car insurance companies you want to consider comparing rates from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Find cheaper rates by being thorough
When trying to cut insurance costs, do not sacrifice coverage to reduce premiums. There have been many cases where consumers will sacrifice liability limits or collision coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to purchase a proper amount of coverage at the best cost, but don’t skip important coverages to save money.
Some insurance companies do not offer internet price quotes and these small insurance companies only sell through independent agencies. More affordable auto insurance in El Paso can be sourced from both online companies as well as from independent agents in El Paso, and you should compare price quotes from both to have the best chance of lowering rates.
People switch companies for a number of reasons such as poor customer service, policy cancellation, an unsatisfactory settlement offer and policy non-renewal. Whatever your reason, finding a new auto insurance company is less work than it seems.
Steps to finding better rates for Porsche Panamera insurance in El Paso
It takes a little time, but the best way to get more affordable Porsche Panamera insurance is to compare prices at least once a year from companies that sell auto insurance in El Paso. You can shop around by completing these steps.
Step 1: Try to learn about what is in your policy and the modifications you can make to keep rates low. Many factors that cause high rates such as accidents, traffic violations, and a less-than-favorable credit score can be improved by making lifestyle changes or driving safer.
Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from a single company like Progressive and State Farm, while independent agencies can quote prices for many different companies.
Step 3: Compare the new rates to your current policy to determine if you can save on Panamera insurance. If you find a lower rate quote, ensure there is no coverage lapse between policies.
Step 4: Provide notification to your current agent or company of your intention to cancel your existing policy. Submit the required down payment along with the signed application to the new insurer. Immediately put the proof of insurance certificate in a readily accessible location in your vehicle.
A good piece of advice is to make sure you’re comparing the same amount of coverage on each quote request and and to get prices from as many car insurance companies as possible. Doing this enables the most accurate price comparison and the best price selection.
Much more information about auto insurance in Texas can be found below:
- Anti-Lock Brake FAQ (iihs.org)
- Red Light Cameras (State Farm)
- Child Safety Seats (Insurance Information Institute)
- Side Impact Crash Tests (iihs.org)
- Insurance losses by make and model (Insurance Institute for Highway Safety)