Are you kicking yourself for buying an expensive auto insurance policy? Believe me, there are many people just like you.
It’s an obvious assumption that auto insurance companies don’t want you shop around. People who compare price quotes will most likely switch auto insurance companies because the odds are good of finding a cheaper policy. A recent survey revealed that drivers who routinely compared rates saved as much as $860 a year compared to people who didn’t regularly shop around.
If finding the lowest rates on auto insurance in Baltimore is the reason you’re here, learning how to get price quotes and compare insurance can help you succeed in saving money. Lots of insurance companies contend for your hard-earned dollar, so it can be very hard to choose a provider and uncover the absolute cheapest price on Porsche 911 insurance in Baltimore.
If you’re already insured or are looking for a new policy, you can use these tips to cut your premiums without having to cut coverage. Choosing the most cost-effective insurance policy in Baltimore is not that difficult. Drivers just need to learn the proper way to compare insurance rates from multiple carriers.
Get cheaper rates on Porsche 911 insurance in Baltimore with these discounts
Companies that sell car insurance don’t list all possible discounts very well, so we researched some of the more common and the more hidden discounts that you may qualify for.
- Low Mileage Discounts – Low annual miles could be rewarded with slightly better rates than normal.
- Multiple Cars – Buying a policy with more than one vehicle on one policy can reduce the rates for all insured vehicles.
- Online Discount – A few auto insurance companies provide a small discount simply for signing on the internet.
- Theft Prevention System – Cars equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and earn discounts up to 10% off your Baltimore auto insurance quote.
- Pay Now and Pay Less – If paying your policy premium upfront instead of monthly or quarterly installments you may reduce your total bill.
- Mature Driver Discount – Mature drivers can possibly qualify for better auto insurance rates.
- Discount for Passive Restraints – Vehicles equipped with air bags or motorized seat belts could see savings of 20% or more.
- ABS and Traction Control Discounts – Cars that have anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
Remember that most discount credits are not given to your bottom line cost. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Even though it appears adding up those discounts means a free policy, companies don’t profit that way. Any amount of discount will bring down your premiums.
The diagram below visualizes the comparison of Porsche 911 car insurance costs with and without discounts being applied to the rates. Data assumes a male driver, no violations or accidents, Maryland state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, homeowner, multi-policy, multi-car, and claim-free discounts applied.
A list of companies and their offered discounts are:
- GEICO may offer discounts for driver training, multi-policy, defensive driver, anti-theft, and air bags.
- SAFECO includes discounts for anti-theft, anti-lock brakes, homeowner, teen safety rewards, and drive less.
- State Farm offers discounts including defensive driving training, multiple autos, safe vehicle, good student, student away at school, driver’s education, and good driver.
- MetLife has savings for multi-policy, good student, defensive driver, claim-free, accident-free, and good driver.
- 21st Century may include discounts for student driver, homeowners, defensive driver, automatic seat belts, and air bags.
- Progressive may have discounts that include online quote discount, continuous coverage, good student, online signing, multi-policy, and multi-vehicle.
If you want cheaper Baltimore auto insurance quotes, ask all the companies how many discounts you can get. Some of the earlier mentioned discounts might not be available to policyholders in Baltimore. To see a list of companies who offer cheap Porsche 911 insurance quotes in Maryland, click here to view.
The companies in the list below can provide free rate quotes in Baltimore, MD. If you want the cheapest auto insurance in Baltimore, we recommend you visit two to three different companies to find the lowest auto insurance rates.
Rates and detailed analysis
The information below covers a range of insurance premium costs for Porsche 911 models. Learning as much as possible about how insurance prices are formulated can be valuable when making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $432 | $920 | $418 | $24 | $126 | $1,920 | $160 |
| 911 Carrera 4 2-Dr Coupe | $470 | $920 | $418 | $24 | $126 | $1,958 | $163 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $470 | $920 | $356 | $22 | $106 | $1,874 | $156 |
| 911 Carrera 2 S 2-Dr Coupe | $470 | $920 | $418 | $24 | $126 | $1,958 | $163 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $470 | $920 | $356 | $22 | $106 | $1,874 | $156 |
| 911 Carrera 4S 2-Dr Coupe | $470 | $1006 | $418 | $24 | $126 | $2,044 | $170 |
| 911 Carrera Targa 2-Dr Coupe | $470 | $1006 | $418 | $24 | $126 | $2,044 | $170 |
| 911 Carrera 2 S 2-Dr Convertible | $470 | $1006 | $356 | $22 | $106 | $1,960 | $163 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $506 | $920 | $356 | $22 | $106 | $1,910 | $159 |
| 911 Carrera Targa S 2-Dr Coupe | $506 | $1006 | $418 | $24 | $126 | $2,080 | $173 |
| 911 GT3 2-Dr Coupe | $506 | $1094 | $418 | $24 | $126 | $2,168 | $181 |
| 911 GT3 RS 2-Dr Coupe | $580 | $1180 | $418 | $24 | $126 | $2,328 | $194 |
| 911 Turbo 2-Dr Coupe | $580 | $1180 | $418 | $24 | $126 | $2,328 | $194 |
| 911 Turbo 2-Dr Convertible | $580 | $1266 | $356 | $22 | $106 | $2,330 | $194 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Price information does not factor in vehicle location which can alter auto insurance rates noticeably.
Raise deductibles and save
One of the more difficult decisions when buying auto insurance is how high or low should comp and collision deductibles be. The rates below illustrate how much more rates are of buying low and high coverage deductibles. The first data set uses a $250 deductible for comp and collision and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $476 | $1000 | $406 | $24 | $122 | $2,053 | $171 |
| 911 Carrera 4 2-Dr Coupe | $516 | $1000 | $406 | $24 | $122 | $2,093 | $174 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $516 | $1000 | $346 | $20 | $104 | $2,011 | $168 |
| 911 Carrera 2 S 2-Dr Coupe | $516 | $1000 | $406 | $24 | $122 | $2,093 | $174 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $516 | $1000 | $346 | $20 | $104 | $2,011 | $168 |
| 911 Carrera 4S 2-Dr Coupe | $516 | $1094 | $406 | $24 | $122 | $2,187 | $182 |
| 911 Carrera Targa 2-Dr Coupe | $516 | $1094 | $406 | $24 | $122 | $2,187 | $182 |
| 911 Carrera 2 S 2-Dr Convertible | $516 | $1094 | $346 | $20 | $104 | $2,105 | $175 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $556 | $1000 | $346 | $20 | $104 | $2,051 | $171 |
| 911 Carrera Targa S 2-Dr Coupe | $556 | $1094 | $406 | $24 | $122 | $2,227 | $186 |
| 911 GT3 2-Dr Coupe | $556 | $1188 | $406 | $24 | $122 | $2,321 | $193 |
| 911 GT3 RS 2-Dr Coupe | $636 | $1282 | $406 | $24 | $122 | $2,495 | $208 |
| 911 Turbo 2-Dr Coupe | $636 | $1282 | $406 | $24 | $122 | $2,495 | $208 |
| 911 Turbo 2-Dr Convertible | $636 | $1376 | $346 | $20 | $104 | $2,507 | $209 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $386 | $806 | $406 | $24 | $122 | $1,744 | $145 |
| 911 Carrera 4 2-Dr Coupe | $420 | $806 | $406 | $24 | $122 | $1,778 | $148 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $420 | $806 | $346 | $20 | $104 | $1,696 | $141 |
| 911 Carrera 2 S 2-Dr Coupe | $420 | $806 | $406 | $24 | $122 | $1,778 | $148 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $420 | $806 | $346 | $20 | $104 | $1,696 | $141 |
| 911 Carrera 4S 2-Dr Coupe | $420 | $882 | $406 | $24 | $122 | $1,854 | $155 |
| 911 Carrera Targa 2-Dr Coupe | $420 | $882 | $406 | $24 | $122 | $1,854 | $155 |
| 911 Carrera 2 S 2-Dr Convertible | $420 | $882 | $346 | $20 | $104 | $1,772 | $148 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $452 | $806 | $346 | $20 | $104 | $1,728 | $144 |
| 911 Carrera Targa S 2-Dr Coupe | $452 | $882 | $406 | $24 | $122 | $1,886 | $157 |
| 911 GT3 2-Dr Coupe | $452 | $958 | $406 | $24 | $122 | $1,962 | $164 |
| 911 GT3 RS 2-Dr Coupe | $518 | $1034 | $406 | $24 | $122 | $2,104 | $175 |
| 911 Turbo 2-Dr Coupe | $518 | $1034 | $406 | $24 | $122 | $2,104 | $175 |
| 911 Turbo 2-Dr Convertible | $518 | $1110 | $346 | $20 | $104 | $2,098 | $175 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rate information does not factor in specific Baltimore garaging location which can influence prices noticeably.
Using the premium rates above, we can conclude that using a $250 deductible costs about $29 more each month or $348 for a full year averaged for all 911 models than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to have more than 9 months between claim filings, you would save money if you choose a higher deductible.
Calculate savings of higher deductibles
| Average monthly premium for $250 deductibles: | $184 |
| Average monthly premium for $500 deductibles (subtract): | – $155 |
| Monthly savings from raising deductible: | $29 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $29 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 9 months |
One important note is that a higher deductible level results in more money out-of-pocket when you do file a claim. It will be required that you have enough money put aside in the event you have to pay more to get your vehicle repaired.
Rate comparison of full coverage and liability-only
The illustration below compares Porsche 911 insurance costs with full physical damage coverage compared to only buying liability only. The premium estimates are based on no driving violations, no at-fault accidents, $500 deductibles, single marital status, and no discounts are factored in.
Should you be buying full coverage?
There is no set guideline of when to drop physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s pretend your Porsche 911 settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $7,000 after paying your policy deductible. If you are paying more than $700 annually to have full coverage, then you might want to think about dropping full coverage.
There are a few cases where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.
Everyone needs different auto insurance coverages
Always remember that when buying adequate coverage for your vehicles, there is no one-size-fits-all type of policy. Each situation is unique.
Here are some questions about coverages that could help you determine whether you would benefit from professional advice.
- Are my tools covered if they get stolen from my vehicle?
- Do I need motorclub coverage?
- Am I covered when driving in Canada or Mexico?
- Is coverage enough to protect my assets?
- How many claims can I have before being canceled?
- How much cheaper are high deductibles?
If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form. It’s fast, free and can help protect your family.
Independent versus exclusive insurance agents
Many people would prefer to get professional advice from a licensed agent and we recommend doing that Good insurance agents can help determine the best coverages and give you someone to call. One of the great benefits of comparing rate quotes online is the fact that drivers can get cheap rate quotes and still choose a local agent.
To find an agent, once you fill out this simple form, your information is immediately sent to local insurance agents in Baltimore who will gladly provide quotes for your business. It simplifies rate comparisons since you won’t have to even leave your home since rate quotes are delivered to your email. If you wish to get a comparison quote from a specific insurance provider, you can always navigate to their website and fill out their quote form.
Finding the right insurance company requires more thought than just the premium amount. These are some valid questions you should ask.
- Do they feel the quoted coverages are adequate?
- Do they have designations such as AIC, CPCU, or CIC?
- Does the agency provide any after hours assistance?
- Is vehicle damage repaired with OEM or aftermarket parts?
- What company holds the largest book of business for them?
The difference between Baltimore auto insurance agents
When narrowing the list to find a local Baltimore insurance agent, you should know the different types of agents to choose from. Baltimore agents can be categorized as either exclusive or independent (non-exclusive). Either can properly insure your vehicles, but it’s important to know the difference in how they write coverage because it can impact the type of agent you choose.
Exclusive Insurance Agents
Agents of this type can only place business with one company and some examples include AAA, Allstate, and State Farm. These agents are not able to give you multiple price quotes so you might not find the best rates. Exclusive agents are usually well trained on their company’s products which helps them sell insurance even at higher premiums.
Below are Baltimore exclusive insurance agents that are able to give rate quotes.
Anthony Walker Sr. – State Farm Insurance Agent
8641 Loch Raven Blvd #2d – Baltimore, MD 21239 – (410) 663-8888 – View Map
Allstate Insurance: Bennett-Carll Insurance Agency
7435 Baltimore Annapolis Blvd – Glen Burnie, MD 21061 – (410) 760-6651 – View Map
John C Bugg III – State Farm Insurance Agent
6711 Belair Rd – Baltimore, MD 21206 – (410) 661-4949 – View Map
Independent Agents (or Brokers)
Agents of this type are not employed by one company and that is an advantage because they can write policies with an assortment of companies and get you the best rates possible. If you are not satisfied with one company, your agent can switch companies which requires no work on your part.
When comparing insurance prices, we highly recommend that you get some free quotes from several independent agencies to have the most options to choose from.
Listed below are independent agents in Baltimore that can give you price quotes.
Kirby Insurance Agency, Inc.
14 W Saratoga St #100 – Baltimore, MD 21201 – (410) 837-2320 – View Map
Concrete Insurance
6405 Belair Rd – Baltimore, MD 21206 – (410) 433-0313 – View Map
Nationwide Insurance: Frank Dippel Agency Inc
6600 York Rd Ste 207 – Baltimore, MD 21212 – (410) 435-4354 – View Map
Keep this in mind when shopping around
Consumers switch companies for a variety of reasons including questionable increases in premium, not issuing a premium refund, poor customer service and even unfair underwriting practices. Whatever your reason, switching insurance companies can be easy and end up saving you some money.
We just presented some good ideas how you can get a better price on Porsche 911 insurance in Baltimore. It’s most important to understand that the more price quotes you have, the better likelihood of getting low cost Baltimore auto insurance quotes. You may even discover the lowest prices come from some of the lesser-known companies.
When searching for the cheapest Porsche 911 rate quotes, it’s very important that you do not skimp on critical coverages to save a buck or two. In too many instances, consumers will sacrifice liability limits or collision coverage only to regret that it was a big error on their part. Your strategy should be to buy a smart amount of coverage at a price you can afford, but don’t skip important coverages to save money.
How to find lower priced Porsche 911 insurance in Baltimore
The most effective way to find lower priced Porsche 911 insurance is to compare prices at least once a year from insurers in Baltimore.
- Spend some time learning about how auto insurance works and the measures you can take to prevent expensive coverage. Many factors that cause high rates like traffic violations, accidents, and a low credit score can be rectified by paying attention to minor details.
- Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO or Farmers Insurance, while independent agents can provide prices from multiple companies.
- Compare the new rate quotes to your existing rates to see if a cheaper rate is available. If you find a better price and switch companies, verify that coverage does not lapse between policies.
- Tell your current company of your intent to cancel your current auto insurance policy. Submit a down payment along with a completed application for your new coverage. Once the application is submitted, place your new proof of insurance certificate in an easily accessible location.
An important part of this process is to try to use similar deductibles and liability limits on every quote and and to get price estimates from as many companies as you can. This guarantees an apples-to-apples comparison and maximum price selection.
Additional insurance information can be read below:
- Choosing a Car for Your Teen (State Farm)
- Who Has the Cheapest Auto Insurance Quotes for Active Military in Baltimore? (FAQ)
- Who Has Affordable Auto Insurance for a School Permit in Baltimore? (FAQ)
- Older Drivers FAQ (iihs.org)
- Collision Coverage (Liberty Mutual)
- State Car Insurance Guides (GEICO)
- Anti-Lock Brake FAQ (iihs.org)