Cheapest Quotes for Porsche Boxster Insurance in Baltimore

Discount Porsche Boxster insuranceDo you want a faster way to compare the cheapest Porsche Boxster insurance in Baltimore? Trying to find low-cost insurance for a Porsche Boxster in Maryland can be a painful process, but you can use a few tricks and make it easy.

There is a better way to compare auto insurance rates and you need to know the best way to compare rates for a new or used Porsche and obtain the lowest price from Baltimore insurance agents and online providers.

You should take the time to get comparison quotes quite often because insurance prices fluctuate regularly. Just because you found the best price on Porsche Boxster insurance in Baltimore on your last policy you can probably find a lower rate today. Forget all the misinformation about auto insurance because we’re going to show you the right way to save on auto insurance.

Best companies for Porsche Boxster insurance

The companies shown below can provide comparison quotes in Maryland. To get the best cheap car insurance in Baltimore, it’s highly recommended you compare several of them in order to find the most competitive rates.

Rates and other information

The information shown next covers different insurance prices for Porsche Boxster models. Having knowledge of how policy premiums are formulated can be useful when making informed purchases.

Porsche Boxster Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $340 $702 $390 $24 $116 $1,572 $131
Boxster S 2-Dr Convertible $374 $796 $390 $24 $116 $1,700 $142
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can lower or raise premiums substantially.

Policy deductible comparison

The hardest decision when buying coverage is how low should you set your deductibles. The comparisons below outline the rate differences when you select higher and lower physical damage deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Porsche Boxster insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $394 $718 $346 $20 $104 $1,607 $134
Boxster S 2-Dr Convertible $434 $812 $346 $20 $104 $1,741 $145
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Porsche Boxster insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $244 $452 $346 $20 $104 $1,166 $97
Boxster S 2-Dr Convertible $268 $510 $346 $20 $104 $1,248 $104
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Prices do not factor in your specific Baltimore location which can influence insurance rates noticeably.

We can estimate from the data above that using a $250 deductible will cost you approximately $39 more each month or $468 each year than quoting the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 19 months between claim filings, you would save more money if you decide on a higher deductible.

How Insurance Companies Determine Porsche Boxster Insurance Premiums

Lots of things are part of the equation when pricing auto insurance. Some are pretty understandable such as traffic violations, but other factors are less apparent like where you live or your vehicle rating.

Continuous coverage lowers auto insurance rates – Driving without insurance can get your license suspended and auto insurance companies will penalize you for letting your coverage lapse. Not only will you pay more, being ticketed for driving with no insurance may earn you a fine, jail time, or a revoked license. You could then be forced to prove you have insurance by filing a SR-22 with the Maryland department of motor vehicles.

Do you work long hours in a tough vocation? – Careers like real estate brokers, executives, and stock brokers have higher rates than the rest of us attributed to job stress and lots of time spent at work. On the flip side, occupations such as scientists, engineers and homemakers have the lowest average rates.

Single drivers take more risk – Having a spouse actually saves money when buying auto insurance. Having a significant other usually means you are more financially stable and it’s statistically proven that married drivers tend to have fewer serious accidents.

Expect high rates for teens – Young drivers in Maryland have been known to be easily distracted when driving with friends therefore auto insurance rates are much higher. Adding a first-time driver to your policy can be quite pricey. More mature drivers are viewed as being more responsible, cost insurance companies less in claims, and usually have better credit.

The next chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Driving citations can increase rates – Being a careful driver influences premium rates substantially. Good drivers tend to pay less for car insurance compared to bad drivers. Only having one driving citation can increase rates to the point where it’s not affordable. Drivers unfortunate enough to have multiple tickets such as DUI, reckless driving or excessive speeding are required to complete a SR-22 with their state’s licensing department in order to continue driving.

The chart below illustrates how violations and fender-benders can impact Porsche Boxster insurance costs for different age groups. The rates are based on a single female driver, full coverage, $250 deductibles, and no policy discounts are applied.

Extra policy coverages that aren’t used – Insurance policies have a lot of additional coverages that you can buy if you aren’t diligent. Insurance for things like roadside assistance, accident forgiveness, and extra life insurance coverage may be costing you every month. These coverages may sound good when deciding what coverages you need, but if they’re wasting money eliminate them to save money.

Drivers with responsible credit save on auto insurance – Having a bad credit score factor in your rate calculation. So if your credit is not that good, you could be paying less to insure your Porsche Boxster by spending a little time repairing your credit. Consumers who have excellent credit scores tend to be more responsible and file fewer claims than drivers who have lower credit ratings.

Loss statistics for a Porsche Boxster – Auto insurance companies factor in insurance loss information to determine a price that will be profitable for them. Models that the data determines to have higher frequency or amount of claims will cost more for coverage.

The information below illustrates the actual insurance loss data for Porsche Boxster vehicles. For each policy coverage, the statistical loss for all vehicles averaged together equals 100. Numbers shown that are under 100 suggest losses that are better than average, while numbers above 100 point to more frequent losses or a tendency for claims to be larger.

Auto Insurance Loss Data for Porsche Boxster Models
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
Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Cheap Baltimore auto insurance quotes with discounts

Auto insurance is not inexpensive, but there are discounts available to help bring down the price. Certain credits will be shown when you get a quote, but a few must be specifically requested before you get the savings.Auto insurance discounts

You can save money using discounts, but many deductions do not apply to the entire cost. Most only reduce individual premiums such as liability and collision coverage. Just because you may think all the discounts add up to a free policy, companies don’t profit that way.

The information below shows the comparison of Porsche Boxster premium costs with and without discounts applied to the policy rates. The prices are based on a male driver, no driving violations, no at-fault accidents, Maryland state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, marriage, multi-policy, safe-driver, and multi-car discounts applied.

To see a list of auto insurance companies with discount auto insurance rates in Maryland, follow this link.

Exclusive or independent insurance agents

A lot of people just want to get professional advice from a licensed agent and that can be a great decision Experienced insurance agents are trained to spot inefficiencies and help file insurance claims. One of the benefits of price shopping on the web is you may find the best rates but also keep your business local. And supporting local insurance agencies is definitely important in Baltimore.

Baltimore insurance agentsFor easy comparison, once you complete this simple form, your insurance coverage information is emailed to agents in your area who will give you bids to get your business. There is no reason to search for any insurance agencies because prices are sent to your email. In the event you want to get a comparison quote from a particular provider, feel free to find their quoting web page and complete a quote there.

Do you need an independent or exclusive auto insurance agent?

When looking for a reputable insurance agent or broker, you must know there are a couple different agency structures from which to choose. Insurance agencies in Baltimore may be either independent agents or exclusive agents. Both types of agents can insure your vehicles, but we need to point out why they differ because it can factor into the type of agent you choose.

Independent Insurance Agents

Independent agencies do not work for one specific company so they can quote policies through lots of different companies and find the cheapest rate. To transfer your coverage to a different company, they simply move the coverage in-house and the insured can keep the same agent. When comparing rates, we highly recommend that you get several quotes from at a minimum one independent agency in order to have the best price comparison. Most can insure with smaller companies which can be an advantage.

Featured below is a short list of independent insurance agencies in Baltimore who can help you get free insurance rate quotes.

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Exclusive Insurance Agents

These type of agents can usually just insure with one company like Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot compare rates from other companies so they have to upsell other benefits. Exclusive insurance agents are very knowledgeable on the products they sell which helps overcome the inability to quote other rates. Some insured continue to buy insurance from these agents partially due to high brand loyalty and strong financial ratings.

Below are exclusive insurance agencies in Baltimore who can help you get price quotes.

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Selecting an insurance agency should depend on more than just a cheap price. Any agent in Baltimore should be willing to answer these questions.

Keep this in mind when shopping around

People change insurance companies for many reasons like unfair underwriting practices, policy cancellation, being labeled a high risk driver or lack of trust in their agent. It doesn’t matter what your reason, finding the right car insurance provider is easier than you think.

As you restructure your insurance plan, it’s a bad idea to buy lower coverage limits just to save a few bucks. In too many instances, an accident victim reduced uninsured motorist or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The goal is to buy the best coverage you can find for the lowest cost but still have enough coverage for asset protection.

The cheapest Porsche Boxster insurance in Baltimore can be sourced from both online companies as well as from independent agents in Baltimore, so you need to quote Baltimore auto insurance with both to have the best rate selection. Some insurance companies do not offer online price quotes and these small, regional companies only sell coverage through independent agents.

How to find affordable quotes for Porsche Boxster insurance in Baltimore

It takes a little time, but the best way to find affordable Porsche Boxster insurance in Baltimore is to regularly compare prices from insurance carriers that insure vehicles in Maryland.

  1. Spend a few minutes and learn about the coverage provided by your policy and the steps you can take to keep rates in check. Many risk factors that result in higher prices like speeding tickets, accidents and an imperfect credit rating can be eliminated by making minor changes to your lifestyle.
  2. Compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or State Farm, while independent agencies can give you price quotes for a wide range of companies.
  3. Compare the quotes to your existing policy and see if you can save money. If you find a lower rate quote and change companies, make sure coverage does not lapse between policies.
  4. Provide notification to your current company to cancel the current policy. Submit any necessary down payment along with the completed application to the new company. As soon as you have the new policy, safely store the certificate of insurance in an easily accessible location in your vehicle.

One tip to remember is to make sure you’re comparing identical limits and deductibles on each price quote and and to get quotes from as many car insurance companies as possible. This helps ensure a fair price comparison and the most accurate and complete price analysis.

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