Save on Porsche 911 Insurance in Jersey City

Insurance rates Porsche 911 in Jersey CityIf you want to save the most money, the best way to get more affordable Porsche 911 insurance is to begin comparing prices regularly from insurers in Jersey City.

A valuable tip to remember is to make sure you enter similar coverage information on each quote request and and to get rates from as many different companies as possible. This guarantees a fair rate comparison and the best price quote selection.

It goes without saying that auto insurance companies don’t want you comparing rates. Insureds who shop around annually are very likely to switch to a new company because of the good chance of finding a more affordable policy premium. A recent survey discovered that drivers who shopped around saved approximately $72 a month compared to people who never shopped around for better prices.

If finding the cheapest price for auto insurance in Jersey City is your objective, then understanding the best ways to find and compare coverages can help simplify the process.

Quoting and comparing rates for the most affordable auto insurance policy in Jersey City is not that difficult. If you are already insured or just want cheaper rates, you can use this information to shop for the lowest rates without reducing coverage. You just have to understand the proper way to compare insurance rates online from multiple companies.

Finding cheaper insurance prices is not a difficult process. The only requirement is to take time comparing price quotes to find the company with cheaper Jersey City auto insurance quotes.

It’s so simple to compare insurance rate quotes online makes it obsolete to drive to each insurance agency near you. The ability to quote Porsche 911 insurance online eliminates the need for an insurance agent unless you require the professional assistance of a local agent. Although you can comparison shop online but have your policy serviced through an agent.

The providers in the list below provide price quotes in Jersey City, NJ. If you wish to find cheap car insurance in NJ, we recommend you compare several of them in order to get a fair rate comparison.

Statistics and details

The coverage information shown next showcases detailed analysis of coverage costs for Porsche 911 models. Learning how auto insurance prices are established can assist in making informed purchases.


Porsche 911 Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
911 Carrera 2 2-Dr Coupe $444 $936 $490 $30 $146 $2,046 $171
911 Carrera 4 2-Dr Coupe $482 $936 $490 $30 $146 $2,084 $174
911 Carrera 2 Cabriolet 2-Dr Convertible $482 $936 $416 $24 $124 $1,982 $165
911 Carrera 2 S 2-Dr Coupe $482 $936 $490 $30 $146 $2,084 $174
911 Carrera 4 Cabriolet 2-Dr Convertible $482 $936 $416 $24 $124 $1,982 $165
911 Carrera 4S 2-Dr Coupe $482 $1024 $490 $30 $146 $2,172 $181
911 Carrera Targa 2-Dr Coupe $482 $1024 $490 $30 $146 $2,172 $181
911 Carrera 2 S 2-Dr Convertible $482 $1024 $416 $24 $124 $2,070 $173
911 Carrera 4S Cabriolet 2-Dr Convertible $518 $936 $416 $24 $124 $2,018 $168
911 Carrera Targa S 2-Dr Coupe $518 $1024 $490 $30 $146 $2,208 $184
911 GT3 2-Dr Coupe $518 $1112 $490 $30 $146 $2,296 $191
911 GT3 RS 2-Dr Coupe $594 $1200 $490 $30 $146 $2,460 $205
911 Turbo 2-Dr Coupe $594 $1200 $490 $30 $146 $2,460 $205
911 Turbo 2-Dr Convertible $594 $1288 $416 $24 $124 $2,446 $204
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in vehicle location which can revise insurance rates considerably.

Deductible analysis

The hardest decision when buying coverage is how low should you set your deductibles. The tables below lay out how much more rates are when you buy lower versus higher coverage deductibles. The first set of rates uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.


Porsche 911 insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
911 Carrera 2 2-Dr Coupe $562 $1184 $480 $28 $144 $2,423 $202
911 Carrera 4 2-Dr Coupe $610 $1184 $480 $28 $144 $2,471 $206
911 Carrera 2 Cabriolet 2-Dr Convertible $610 $1184 $408 $24 $122 $2,373 $198
911 Carrera 2 S 2-Dr Coupe $610 $1184 $480 $28 $144 $2,471 $206
911 Carrera 4 Cabriolet 2-Dr Convertible $610 $1184 $408 $24 $122 $2,373 $198
911 Carrera 4S 2-Dr Coupe $610 $1296 $480 $28 $144 $2,583 $215
911 Carrera Targa 2-Dr Coupe $610 $1296 $480 $28 $144 $2,583 $215
911 Carrera 2 S 2-Dr Convertible $610 $1296 $408 $24 $122 $2,485 $207
911 Carrera 4S Cabriolet 2-Dr Convertible $658 $1184 $408 $24 $122 $2,421 $202
911 Carrera Targa S 2-Dr Coupe $658 $1296 $480 $28 $144 $2,631 $219
911 GT3 2-Dr Coupe $658 $1406 $480 $28 $144 $2,741 $228
911 GT3 RS 2-Dr Coupe $754 $1518 $480 $28 $144 $2,949 $246
911 Turbo 2-Dr Coupe $754 $1518 $480 $28 $144 $2,949 $246
911 Turbo 2-Dr Convertible $754 $1630 $408 $24 $122 $2,963 $247
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Porsche 911 insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
911 Carrera 2 2-Dr Coupe $348 $744 $480 $28 $144 $1,744 $145
911 Carrera 4 2-Dr Coupe $378 $744 $480 $28 $144 $1,774 $148
911 Carrera 2 Cabriolet 2-Dr Convertible $378 $744 $408 $24 $122 $1,676 $140
911 Carrera 2 S 2-Dr Coupe $378 $744 $480 $28 $144 $1,774 $148
911 Carrera 4 Cabriolet 2-Dr Convertible $378 $744 $408 $24 $122 $1,676 $140
911 Carrera 4S 2-Dr Coupe $378 $814 $480 $28 $144 $1,844 $154
911 Carrera Targa 2-Dr Coupe $378 $814 $480 $28 $144 $1,844 $154
911 Carrera 2 S 2-Dr Convertible $378 $814 $408 $24 $122 $1,746 $146
911 Carrera 4S Cabriolet 2-Dr Convertible $406 $744 $408 $24 $122 $1,704 $142
911 Carrera Targa S 2-Dr Coupe $406 $814 $480 $28 $144 $1,872 $156
911 GT3 2-Dr Coupe $406 $884 $480 $28 $144 $1,942 $162
911 GT3 RS 2-Dr Coupe $466 $954 $480 $28 $144 $2,072 $173
911 Turbo 2-Dr Coupe $466 $954 $480 $28 $144 $2,072 $173
911 Turbo 2-Dr Convertible $466 $1026 $408 $24 $122 $2,046 $171
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rate information does not factor in specific location information which can revise premium rates considerably.

Using the data above, we can ascertain that using a $250 deductible costs an average of $63 more each month or $756 for a full year across all Porsche 911 models than choosing the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 12 months between claim filings, you would probably come out ahead going with the higher deductible.

Cost comparison with and without full coverage

The diagram below visualizes the comparison of Porsche 911 insurance prices with and without full coverage. The rate quotes are based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no other discounts are factored in.

When to drop full coverage

There is no clear-cut formula to delete physical damage insurance, but there is a general guideline. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Porsche 911 book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $6,000 after paying your deductible. If you are paying over $600 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are a few cases where dropping full coverage is not a good idea. If you haven’t paid off your loan, you must maintain physical damage coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should maintain full coverage.

Buying the right vehicle insurance in New Jersey is an important decision

Despite the high cost of buying insurance for a Porsche 911 in Jersey City, insuring your vehicle may not be optional for several reasons.

The benefits of carrying adequate insurance outweigh the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $865 each year so compare rates at every policy renewal to ensure rates are competitive.

Quote Porsche 911 Insurance Cheaper

Many things are part of the equation when you get your auto insurance bill. Some factors are common sense like an MVR report, although others are more transparent like your continuous coverage and annual miles driven.

Are males or females drivers cheaper? – Statistics have proven females are less aggressive when driving. It does not mean women are BETTER drivers than men. Females and males have at-fault accidents at a similar rate, but men tend to have more serious accidents. Men also get higher numbers of serious violations like reckless driving and DUI. Youthful male drivers are the most expensive to insure and therefore are the most expensive to insure.

The example below shows the comparison of Porsche 911 annual premium costs for male and female drivers. The prices are based on no violations or claims, full coverage, $500 deductibles, marital status is single, and no other discounts are factored in.

Raise your deductibles for better rates – Physical damage protection, also called ‘full coverage’, is used to repair damage to your Porsche. A few examples of covered claims could be a broken side mirror, hitting a deer, and rolling your vehicle. Your deductibles tell how much you are willing to pay if a covered claim is submitted. The higher the amount you have to pay, the lower your rates will be.

Cheap rates for being claim-free – If you’re an insured who likes to file claims you can look forward to much higher rates or policy non-renewal. Car insurance companies in New Jersey award better rates to insureds who are claim-free. Your car insurance is designed for more catastrophic claims.

Impacts performance impacts auto insurance prices – The performance level of the vehicle you are buying insurance for makes a significant difference in your premium level. Small economy passenger vehicles receive the most favorable rates, but that’s not the only thing that factors into the final price.

The data below uses these variables: single male driver age 30, full coverage with $100 deductibles, and no discounts or violations. The chart compares Porsche 911 rates compared to other vehicles that have different performance rating factors.

Porsche 911 claim data – Auto insurance companies take into consideration historical loss data for every vehicle when they calculate premium prices for each model. Models that have a trend towards higher claim severity or frequency will have higher rates. The next table shows the historical insurance loss data for Porsche 911 vehicles.

For each coverage type, the claim amount for all vehicles, as a total average, is a value of 100. Values that are below 100 suggest losses that are better than average, while numbers that are greater than 100 indicate more frequent losses or tendency to have higher losses.


Insurance Loss Ratings for Porsche 911 Vehicles
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
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Jersey City car insurance discounts

Auto insurance companies don’t always advertise every discount they offer in an easy-to-find place, so the list below contains a few of the more common and the more hidden discounts that may be available. If you check and find you aren’t receiving every discount you deserve, you are paying more than you should be.Car insurance discounts

One last thing about discounts, most credits do not apply to the entire cost. A few only apply to individual premiums such as liability, collision or medical payments. So even though they make it sound like all the discounts add up to a free policy, you won’t be that lucky. But all discounts should definitely cut your overall premium however.

The illustration below shows the difference between Porsche 911 insurance prices with and without discounts applied to the rates. The premiums are based on a male driver, no tickets, no at-fault accidents, 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 multi-car, safe-driver, multi-policy, claim-free, marriage, and homeowner discounts applied.

A few popular companies and their offered discounts are included below.

Before buying, ask every company what discounts are available to you. All car insurance discounts may not be offered everywhere. To locate insurers that offer discounts in Jersey City, click this link.

Special considerations

Keep in mind that when it comes to choosing your policy, there isn’t really a one size fits all plan. Every situation is different and your auto insurance should unique, too.Auto insurance savings
For instance, these questions can aid in determining whether your personal situation might need an agent’s assistance.

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, free and can provide invaluable advice.

When should I have guidance from an insurance agent?

Many drivers would rather go talk to an agent. Good agents are very good at helping people manage risk and help you file claims. One of the great benefits of getting free rate quotes online is the fact that drivers can get lower rates and still choose a local agent. Supporting local agents is definitely important in Jersey City.

Insurance agency in Jersey CityTo help locate an agent, after submitting this form (opens in new window), your insurance coverage information is instantly submitted to local insurance agents who will give competitive quotes to get your business. You won’t even need to visit any agencies due to the fact that quote results will go to you. If you want to get a comparison quote from a specific company, just jump over to their website and give them your coverage information.

Finding the right insurer needs to be determined by more than just a cheap quote. These are some valid questions you should ask.

If you feel you receive answers to your satisfaction to your questions and a good coverage price, you have narrowed it down to an insurer that is professional and can properly service your car insurance policy. Just remember you have the power to cancel your coverage any time you want so don’t feel you are locked into a specific company for the full term.

One last note

Cheaper auto insurance in Jersey City can be purchased both online and with local Jersey City insurance agents, and you need to comparison shop both so you have a total pricing picture. A few companies do not provide online rate quotes and most of the time these regional insurance providers sell through local independent agencies.

We just presented many ways to shop for Porsche 911 insurance online. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. Consumers may even find the lowest priced auto insurance comes from some of the smallest insurance companies. They may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.

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