Would you like to save money by finding low-cost Porsche Panamera insurance in Austin? Finding low cost coverage rates for Porsche Panamera insurance in Austin can seem to be frustrating for drivers new to online rate comparisons. Because there are so many insurance companies available, it can turn into more work than you anticipated to lower your prices on Porsche Panamera insurance.
Remarkably, a study showed that the vast majority of drivers have bought auto insurance from the same company for over three years, and about 40% of consumers have never compared rates from other carriers. Many consumers in Texas could save themselves $1,766 a year, but most just don’t grasp the large savings they would see if they bought a different policy.
Companies offer many discounts on Porsche Panamera insurance in Austin
Some insurers don’t necessarily list every discount available very well, so the next list breaks down a few of the more common in addition to some of the lesser obvious credits available to you.
- Distant College Student Discount – College-age children who are attending college and do not take a car to college may be insured at a cheaper rate.
- Defensive Driver – Completing a course in driver safety may get you a small discount and also improve your driving technique.
- Passenger Safety Discount – Cars that have air bags or automatic seat belts may qualify for discounts of 25 to 30%.
- Onboard Data Collection – Austin drivers who agree to allow companies to analyze driving manner by using a telematics device in their vehicle such as Progressive’s Snapshot may see discounts as long as they are good drivers.
- E-sign Discounts – A few auto insurance companies provide a small discount just for signing your application on your computer.
Please keep in mind that most credits do not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like comprehensive or collision. Even though the math looks like you can get free auto insurance, you’re out of luck.
A few popular companies and their possible discounts are included below.
- Travelers has discounts for early quote, save driver, driver training, continuous insurance, home ownership, and payment discounts.
- 21st Century offers discounts including defensive driver, student driver, automatic seat belts, early bird, and theft prevention.
- State Farm may offer discounts for accident-free, driver’s education, defensive driving training, Steer Clear safe driver discount, safe vehicle, good driver, and good student.
- GEICO includes discounts for multi-vehicle, federal employee, membership and employees, driver training, five-year accident-free, and defensive driver.
- SAFECO policyholders can earn discounts including teen safe driver, safe driver, drive less, multi-car, homeowner, bundle discounts, and anti-lock brakes.
- AAA offers premium reductions for multi-car, education and occupation, anti-theft, multi-policy, good driver, pay-in-full, and good student.
If you are trying to find the cheapest Porsche Panamera rate quotes, ask each company which discounts they offer. Some of the earlier mentioned discounts may not be offered in Austin. To choose companies that provide some of the discounts listed above in Austin, follow this link.
To find cheaper rates, there are a couple of ways to compare quotes from car insurance companies in your area. By far the easiest way to compare Porsche Panamera insurance prices involves getting comparison quotes online.
When comparing car insurance rates, know that making a lot of price comparisons helps locate the best rates. Some smaller insurers do not give online price quotes, so it’s recommended that you also compare price estimates on coverage from those companies, too.
The following companies provide price quotes in Austin, TX. If multiple companies are listed, we suggest you compare several of them to find the most competitive auto insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $364 | $780 | $430 | $26 | $128 | $1,728 | $144 |
| Panamera 4S AWD 4-Dr Hatchback | $278 | $632 | $400 | $24 | $120 | $1,454 | $121 |
| Panamera Turbo AWD 4-Dr Hatchback | $646 | $1408 | $388 | $24 | $116 | $2,582 | $215 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can decrease or increase coverage rates substantially.
Comparison of policy deductibles
One of the more difficult decisions when buying auto insurance is how high should the physical damage coverage deductibles be. The data tables below can help you visualize the rate difference of buying low and high insurance deductibles. The first data set uses a $250 deductible and the second set of rates uses a $1,000 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 | $322 | $590 | $382 | $22 | $114 | $1,430 | $119 |
| Panamera 4S AWD 4-Dr Hatchback | $322 | $646 | $382 | $22 | $114 | $1,486 | $124 |
| Panamera Turbo AWD 4-Dr Hatchback | $370 | $758 | $382 | $22 | $114 | $1,646 | $137 |
| 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-policy, multi-vehicle, and homeowner. Premium costs do not factor in Austin location which can impact price quotes considerably.
We can derive from the above data that using a $250 deductible costs about $52 more each month or $624 a year than quoting the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you have more than 14 months between claims, you would probably come out ahead if you choose a higher deductible. Here’s an example of how you can do this calculation yourself.
| Average monthly premium for $250 deductibles: | $179 |
| Average monthly premium for $1,000 deductibles (subtract): | – $127 |
| Monthly savings from raising deductible: | $52 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $52 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
Gender-based auto insurance rates
The illustration below illustrates the difference between Porsche Panamera insurance prices for male and female drivers. The premium estimates are based on no claims or driving citations, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are factored in.
Cautious drivers save money
The example below demonstrates how citations and at-fault accidents can raise Porsche Panamera premium costs for each age group. The premiums assume a single male driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.
Should I contact an agent?
Many drivers would prefer to have an agent’s advice and that is OK! One of the great benefits of getting online price quotes is the fact that you can find cheap rate quotes and also buy local. Buying from and supporting local insurance agencies is important particularly in Austin.
Once you complete this form (opens in new window), your insurance coverage information is sent to local insurance agents who will give competitive quotes for your auto insurance coverage. You won’t even need to do any legwork because prices are sent immediately to you. You can get cheaper auto insurance rates and a licensed agent to work with. If you need to compare prices from a specific insurance company, you would need to visit that company’s website and fill out the quote form the provide.
Picking an company requires more thought than just the quoted price. Ask your prospective agent these questions:
- Does the company allow you to choose your own collision repair facility?
- Has the agent ever had any license suspensions?
- Does the agency have a current Errors and Omissions policy?
- Do they offer accident forgiveness?
- How is replacement cost determined on your vehicle?
- Does the agency have a positive business rating?
- Will their companies depreciate repairs to your car based on the mileage?
- Do they regularly work with personal auto policies in Austin?
After receiving positive feedback to these questions and a low price estimate, it’s a good possibility that you have found an provider that meets your needs to properly insure your vehicles.
Auto insurance coverages explained
Having a good grasp of auto insurance aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as damage to your Porsche Panamera.
Since many Texas drivers only purchase the least amount of liability that is required (Texas limits are 30/60/25), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these limits do not exceed the liability coverage limits.
Comprehensive auto coverage
This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for claims such as hitting a deer, vandalism and a tree branch falling on your vehicle. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Liability car insurance
This coverage provides protection from injuries or damage you cause to other’s property or people. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 30/60/25 which means a $30,000 limit per person for injuries, a total of $60,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit without having the split limit caps.
Liability can pay for things such as repair bills for other people’s vehicles, medical expenses and medical services. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford. Texas state minimum liability requirements are 30/60/25 but you should consider buying higher limits.
Collision protection
Collision coverage pays to fix your vehicle from damage resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for things such as sideswiping another vehicle, damaging your car on a curb, hitting a parking meter and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible on your Panamera to bring the cost down.
Medical payments and PIP coverage
Med pay and PIP coverage pay for expenses for things like surgery, funeral costs, EMT expenses, X-ray expenses and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
The best rates come from being thorough
As you shop your coverage around, you should never skimp on critical coverages to save a buck or two. There have been many cases where someone dropped collision coverage to discover at claim time that it was a big error on their part. Your strategy should be to find the BEST coverage at the best price while still protecting your assets.
We just presented many tips how you can find lower-cost Porsche Panamera insurance in Austin. The key concept to understand is the more companies you get car insurance rates for, the higher your chance of finding inexpensive Austin auto insurance quotes. You may even discover the lowest priced insurance comes from some of the smallest insurance companies.
Insureds who switch companies do it for a variety of reasons including high rates after DUI convictions, not issuing a premium refund, delays in responding to claim requests and even being labeled a high risk driver. Regardless of your reason, finding a great new company can be easy and end up saving you some money.
To read more, feel free to visit the articles below:
- Tread Depth and Tire Safety (State Farm)
- How Much is Austin Car Insurance for Low Income Drivers? (FAQ)
- What Auto Insurance is Cheapest for College Students in Austin? (FAQ)
- Who Has Affordable Austin Car Insurance Rates for Teenage Males? (FAQ)
- How Much are Auto Insurance Rates for a Dodge Ram in Austin? (FAQ)
- What Insurance is Cheapest for a Toyota Corolla in Austin? (FAQ)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Understanding Car Crashes Video (iihs.org)
- Five Mistakes to Avoid (Insurance Information Institute)