Best Porsche Boxster Insurance in El Paso

Anyone knows that auto insurance companies want to keep your business as long as possible. Drivers who get price quotes annually are inclined to move their business because there is a significant possibility of finding a policy with more affordable rates. A study showed that drivers who shopped around every year saved over $3,400 over four years compared to other drivers who didn’t regularly shop around.

If saving money on car insurance is your ultimate objective, then having some insight into how to find and compare coverage rates can help make the process easier and more efficient.

If saving the most money is your goal, then the best way to get budget auto insurance rates in El Paso is to compare quotes annually from different companies that sell auto insurance in Texas.

Step 1: Gain an understanding of the different coverages in a policy and the steps you can take to prevent expensive coverage. Many rating factors that cause high rates such as at-fault accidents, careless driving, and a lousy credit rating can be improved by making small lifestyle or driving habit changes.

Step 2: Compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or Farmers Insurance, while agents who are independent can provide rate quotes from many different companies.

Step 3: Compare the new rate quotes to your current policy premium to see if a cheaper rate is available. If you find a lower rate quote, make sure there is no coverage gap between policies.

One bit of advice is to make sure you’re comparing similar deductibles and liability limits on every quote request and and to get rate quotes from as many companies as feasibly possible. This ensures a fair price comparison and the best price selection.

Porsche Boxster insurance analysis

The rate table shown below showcases estimates of insurance prices for Porsche Boxster models. Learning how insurance prices are calculated can assist in making decisions when choosing a new policy provider.

Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rate information does not factor in your specific El Paso location which can influence price quotes greatly.

Deductible analysis

One of the hardest decisions when shopping for auto insurance is how high should the physical damage deductibles be. The figures shown below determine the rate fluctuation between low and high coverage deductibles. The first set of rates uses a $250 physical damage deductible and the second set of prices uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rates do not factor in specific El Paso garaging location which can influence auto insurance rates greatly.

We can derive from the above data that using a $250 deductible will cost in the ballpark of $36 more each month or $432 a year averaged for all Boxster models than buying the higher $1,000 deductible. Because you would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 21 months between claim filings, you would more than likely save some money by selecting a higher deductible. The illustration below shows an example of how you can do this calculation yourself.

Illustration showing the impact of accidents and violations

The example below highlights how traffic violations and accidents can impact Porsche Boxster auto insurance rates for each age group. The premium estimates are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Insurance coverages explained

Knowing the specifics of a insurance policy helps when choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and also any damage incurred to your Porsche Boxster.

Since a lot of drivers carry very low liability coverage limits (Texas limits are 30/60/25), their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive auto coverage

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like a broken windshield, damage from flooding, hitting a bird and damage from getting keyed. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Auto liability insurance

This coverage can cover damage or injury you incur to other people or property by causing an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 30/60/25 that means you have a limit of $30,000 per injured person, a per accident bodily injury limit of $60,000, and $25,000 of coverage for damaged property. Occasionally you may see a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things like attorney fees, court costs and medical services. How much liability coverage do you need? That is a decision to put some thought into, but buy as large an amount as possible. Texas requires minimum liability limits of 30/60/25 but drivers should carry more coverage.

The chart below shows why buying minimum limits may not be adequate.

Auto collision coverage

This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as scraping a guard rail, colliding with a tree, backing into a parked car and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible on your Boxster to get cheaper collision coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as surgery, X-ray expenses, prosthetic devices and EMT expenses. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Persistent drivers can save

As you quote El Paso car insurance, never skimp on coverage in order to save money. In too many instances, someone dropped full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your goal is to buy the best coverage you can find at the lowest possible cost, but do not sacrifice coverage to save money.

We just covered some good ideas how to shop for Porsche Boxster insurance online. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding affordable El Paso car insurance quotes. You may even be surprised to find that the best car insurance rates are with a lesser-known regional company.

Insureds who switch companies do it for any number of reasons including extreme rates for teen drivers, being labeled a high risk driver, not issuing a premium refund and even policy non-renewal. It doesn’t matter what your reason, finding a new insurance company can be easier than you think.

Other learning opportunities

• What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
• Think You’re a Safe Driver? (State Farm)
• Teen Driving Statistics (iihs.org)