I doubt anyone enjoys paying for car insurance, in particular when the price is too high.
It's safe to assume that auto insurance companies don't want customers comparing rates. Drivers who compare rates at least once a year are inclined to switch car insurance companies because there is a good chance of getting low-cost coverage. A survey found that consumers who did price comparisons regularly saved $3,450 over four years compared to policyholders who never shopped around for better prices.
If saving the most money on Porsche 911 insurance is your goal, then having some knowledge of how to get free comparison quotes and analyze insurance rates can make the process less intimidating.
With drivers having so many choices of insurance companies that have cheap insurance for a Porsche 911 in Newark, it can be challenging to find the right company.
Quoting and buying the best-priced insurance coverage in Newark is simple if you know the tricks. Essentially anyone who has to purchase insurance will most likely be able to cut their insurance bill. Although New Jersey vehicle owners must know the way companies determine premium rates because rates fluctuate considerably.
The best way to get rate comparisons for Porsche 911 insurance in Newark is to realize almost all companies actually pay money for the chance to provide you with a free rate quote. The only thing you need to do is provide details like what your job is, how much education you have, the make and model of your vehicles, and if you require a SR-22. Your insurance information gets sent immediately to many highly-rated insurers and you get price estimates instantly.
If you wish to get multiple quotes for your Porsche 911 now, click here and see if a lower rate is available in Newark.
The companies shown below offer price comparisons in New Jersey. If multiple companies are listed, we suggest you visit two to three different companies in order to get a fair rate comparison.
These discounts can reduce Porsche 911 insurance rates
Buying car insurance is not cheap, but companies offer discounts to help offset the cost. Certain credits will be shown at the time you complete a quote, but lesser-known reductions have to be specifically requested before you get the savings.
- Clubs and Organizations - Being in a qualifying organization could trigger savings when shopping for car insurance.
- Anti-lock Brake Discount - Anti-lock brake equipped vehicles are safer to drive and therefore earn up to a 10% discount.
- Newark Homeowners Pay Less - Owning your own home or condo may trigger a policy discount on car insurance because it is proof that your finances are in order.
- Senior Citizen Rates - If you're over the age of 55, you may receive a small discount on rates.
- Driver's Ed - Have your child successfully take a driver's education course if it's offered in school.
- Life Insurance - Select companies reward you with better prices if you take out some life insurance in addition to your auto policy.
You can save money using discounts, but most discount credits are not given to all coverage premiums. The majority will only reduce individual premiums such as collision or personal injury protection. So despite the fact that it appears it's possible to get free car insurance, nobody gets a free ride. But all discounts will lower the cost of your policy.
The example below compares Porsche 911 insurance prices with and without discounts. The premiums are based on a female driver, no claims or driving violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, claim-free, multi-policy, and homeowner discounts applied.
The best car insurance companies and some of the discounts are shown below.
- Farm Bureau policyholders can earn discounts including multi-vehicle, good student, multi-policy, youthful driver, and safe driver.
- MetLife includes discounts for accident-free, good driver, good student, claim-free, multi-policy, and defensive driver.
- Progressive discounts include online quote discount, good student, continuous coverage, multi-policy, multi-vehicle, and homeowner.
- AAA offers discounts including good student, anti-theft, pay-in-full, education and occupation, and multi-policy.
- American Family offers discounts for mySafetyValet, Steer into Savings, accident-free, multi-vehicle, and good driver.
- GEICO may have discounts that include driver training, federal employee, five-year accident-free, military active duty, anti-theft, and emergency military deployment.
- State Farm may include discounts for Steer Clear safe driver discount, good student, anti-theft, good driver, and passive restraint.
It's a good idea to ask every prospective company what discounts are available to you. Some discounts listed above may not be available in your area.
Rates and statistics
The price information shown below showcases different insurance rates for Porsche 911 models. Being aware of how auto insurance prices are figured can help guide drivers when making informed decisions when comparing rate quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|911 Carrera 2 2-Dr Coupe||$488||$1200||$462||$28||$138||$2,316||$193|
|911 Carrera 4 2-Dr Coupe||$530||$1200||$462||$28||$138||$2,358||$197|
|911 Carrera 2 Cabriolet 2-Dr Convertible||$530||$1200||$392||$24||$118||$2,264||$189|
|911 Carrera 2 S 2-Dr Coupe||$530||$1200||$462||$28||$138||$2,358||$197|
|911 Carrera 4 Cabriolet 2-Dr Convertible||$530||$1200||$392||$24||$118||$2,264||$189|
|911 Carrera 4S 2-Dr Coupe||$530||$1314||$462||$28||$138||$2,472||$206|
|911 Carrera Targa 2-Dr Coupe||$530||$1314||$462||$28||$138||$2,472||$206|
|911 Carrera 2 S 2-Dr Convertible||$530||$1314||$392||$24||$118||$2,378||$198|
|911 Carrera 4S Cabriolet 2-Dr Convertible||$572||$1200||$392||$24||$118||$2,306||$192|
|911 Carrera Targa S 2-Dr Coupe||$572||$1314||$462||$28||$138||$2,514||$210|
|911 GT3 2-Dr Coupe||$572||$1428||$462||$28||$138||$2,628||$219|
|911 GT3 RS 2-Dr Coupe||$654||$1540||$462||$28||$138||$2,822||$235|
|911 Turbo 2-Dr Coupe||$654||$1540||$462||$28||$138||$2,822||$235|
|911 Turbo 2-Dr Convertible||$654||$1654||$392||$24||$118||$2,842||$237|
|Get Your Own Custom Quote Go|
Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Premium amounts do not factor in Newark location which can alter auto insurance rates considerably.
The diagram below shows how choosing a deductible and can affect Porsche 911 insurance costs for different age groups. The premium estimates are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
Full coverage rates vs. liability-only in Newark
The illustration below shows the difference between Porsche 911 car insurance rates with liability coverage only compared to full coverage. The prices are based on no claims or driving violations, $500 deductibles, single status, and no other discounts are factored in.
Are you wasting money on full coverage?
There is no clear-cut formula for excluding physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than around 10% of the settlement you would receive from your company, then it's probably a good time to buy liability coverage only.
For example, let's assume your Porsche 911 settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $7,000 after paying your policy deductible. If premiums are more than $700 annually to have full coverage, then it might be time to consider dropping full coverage.
There are a few situations where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to protect the lienholder's interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not buy liability only.
Why Informed Consumers Pay Less for Porsche 911 Insurance
Smart consumers have a good feel for the rating factors that help calculate the level of your policy premiums. If you have some idea of what influences your rates, this allows you to make educated decisions that can earn you lower rates. Many different elements are used in the calculation when you get a price on insurance. Some are pretty understandable like a motor vehicle report, but other factors are less apparent like where you live or your commute time.
Bundle policies and save money - Some companies afford discounts to people that purchase more than one policy, otherwise known as a multi-policy discount. Even with this discount, it's still a good idea to compare other company rates to help ensure you have the lowest rates.
Premiums increase with driving tickets - Whether or not you get tickets has a huge affect on how much you pay. Drivers who don't get tickets pay lower auto insurance prices compared to bad drivers. Even one driving citation can boost insurance rates by twenty percent. Drivers with careless violations like DUI or reckless driving may be required to file a SR-22 to the state department of motor vehicles in order to prevent a license revocation.
The diagram below demonstrates how speeding tickets and accident claims can drive up Porsche 911 yearly insurance costs for different age groups of insureds. The premium estimates are based on a single female driver, full coverage, $500 deductibles, and no policy discounts are applied.
High performance equals high costs - The make and model of the vehicle you are trying to find cheaper insurance for makes a big difference in determining your rates. Low performance passenger models receive the most favorable rates, but other factors influence the final cost greatly.
The chart below assumes a married female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. The data compares Porsche 911 car insurance rates compared to other models of vehicles that have different performance risks.
Adjust comp and collision deductibles and save - Comprehensive and collision coverage deductibles state the amount of money the insured will be required to pay if a claim is determined to be covered. Insurance for physical damage to your car, also called comprehensive and collision insurance, is used to repair damage to your car. Some examples of covered claims are colliding with a stationary object, damage from fire, or theft of your vehicle. The more expense the insured has to pay upfront, the less money you will pay for auto insurance.
Drivers with responsible credit save - Having a bad credit rating can be a huge factor in calculating your premium rate. People with very high credit ratings tend to be less risk to insure than those with lower credit ratings. If your credit history is low, you could be paying less to insure your Porsche 911 if you clean up your credit.
No auto insurance claims equals lower prices - Auto insurance companies in New Jersey award lower rates to policyholders who only file infrequent claims. If you file a lot of claims you can definitely plan on increased rates or even have your policy non-renewed. Auto insurance is intended to be relied upon for the bigger claims that can't be paid out-of-pocket.
Vehicles with better crash test results cost less to insure - Cars with five star safety ratings are cheaper to insure. Safe vehicles reduce occupant injuries and fewer serious injuries means lower claim amounts which can mean better rates for you.
Big city or small town - Residing in less populated areas can save you money when trying to find low car insurance rates. Less people translates into fewer accidents in addition to lower liability claims. Drivers who live in large New Jersey cities have to deal with traffic congestion and longer commutes to work. More time behind the wheel statistically corresponds to a higher accident and claim rate.
Insurance loss data for a Porsche 911 - Auto insurance companies use past insurance losses to calculate a price that will offset losses. Models that the data determines to have increased claim numbers or amounts will have a higher cost to insure.
The data below shows the insurance loss data for Porsche 911 vehicles. For each coverage category, the loss probability for all vehicles combined as an average is considered to be 100. Values below 100 are indicative of better than average losses, while values over 100 point to more frequent losses or larger claims.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Porsche 911 Carrera 2dr||191||47||173||24|
|Porsche 911 Carrera Convertible||197||51||224||36|
|Porsche 911 Turbo 2dr 4WD||349||367|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Car insurance is available from your local insurance agencies
Some people prefer to sit down with an agent and doing that can be a smart decision An additional benefit of comparing insurance prices online is you may find lower rates and still have a local agent. Putting coverage with small agencies is still important in Newark.
Once you complete this short form, your insurance coverage information is instantly submitted to local insurance agents in Newark who will gladly provide quotes for your business. You won't need to visit any agencies because prices are sent directly to you. You can find better rates without a big time investment. If you need to get a rate quote for a specific company, just jump over to their website and complete a quote there.
If you are wanting to find an insurance agent, you should know the different types of agencies and how they are distinctly different. Agents can be described as either exclusive or independent (non-exclusive).
Independent Car Insurance Agents
Independent insurance agents are not required to write business for one company so they can quote policies amongst many companies and find the cheapest car insurance rates. If you are not satisfied with one company, your agent can just switch to a different company and you won't have to switch agencies.
When comparing rate quotes, you absolutely need to compare quotes from at a minimum one independent agency to maximize your price options.
Below are Newark independent agencies that may be able to give free rate quotes.
568 Broadway # B - Newark, NJ 07104 - (973) 482-5898 - View Map
Exclusive Car Insurance Agencies
These type of agents can only write with one company and some examples include Allstate and State Farm. These agents are unable to provide other company's prices so you might not find the best rates. Exclusive insurance agents are usually quite knowledgeable on their products and sales techniques and that allows them to sell at a higher price point.
Below are Newark exclusive agencies who can help you get rate quotes.
Choosing the best insurance agent requires more thought than just a low price. These are some questions you should get answers to.
- Do they have 24-hour customer assistance?
- Can glass repairs be made at your home?
- Which family members are covered?
- Do you work with a CSR or direct with the agent?
- Is there a Errors and Omissions policy in force?
One last note
We've covered many ideas to shop for Porsche 911 insurance online. It's most important to understand that the more rate comparisons you have, the better chance you'll have of finding low cost Newark car insurance quotes. You may even be surprised to find that the best prices are with the smaller companies. Smaller companies can often provide lower rates in certain areas than the large multi-state companies such as Allstate or State Farm.
As you shop your coverage around, it's very important that you do not buy poor coverage just to save money. In many cases, an insured dropped comprehensive coverage or liability limits only to regret at claim time that the savings was not a smart move. Your focus should be to buy enough coverage at the best price.
Steps to finding affordable Porsche 911 insurance in Newark
The easiest way to save on Porsche 911 insurance is to start doing a yearly price comparison from insurers in Newark. This can be done by following these guidelines.
- First, gain an understanding of how your policy works and the things you can change to prevent high rates. Many things that result in higher prices such as inattentive driving and a negative credit rating can be amended by making minor driving habit or lifestyle changes.
- Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like GEICO and Allstate, while agents who are independent can quote rates from multiple sources.
- Third, compare the new rates to the price on your current policy to see if switching to a new carrier will save money. If you find better rates and change companies, verify that coverage does not lapse between policies.
- Fourth, notify your company or agent of your decision to cancel your current policy and submit payment and a completed application to the new insurer. Once coverage is bound, keep your new certificate of insurance in your vehicle's glove compartment or console.
One thing to remember is to compare identical coverages on every price quote and and to get prices from as many carriers as you can. This enables an apples-to-apples comparison and a better comparison of the market.
Additional car insurance information can be read at the links below
- Child Safety Seats (Insurance Information Institute)
- What Insurance is Cheapest for a Mazda CX-7 in Newark? (FAQ)
- How Much are Car Insurance Quotes for Active Military in Newark? (FAQ)
- Who Has Affordable Auto Insurance for College Graduates in Newark? (FAQ)
- Who Has Affordable Auto Insurance Rates After a Speeding Ticket in Newark? (FAQ)
- Who Has Affordable Auto Insurance for Police Officers in Newark? (FAQ)
- Who Has Affordable Newark Auto Insurance Rates for 16 Year Olds? (FAQ)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Should I Buy a New or Used Car? (Allstate)