Porsche Boxster Insurance Rate Quotes in Jersey City

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Discount Porsche Boxster insuranceThe preferred way to get low-cost Porsche Boxster insurance is to regularly compare quotes from providers that insure vehicles in Jersey City.

Step 1: Get a basic knowledge of the coverage provided by your policy and the things you can control to drop your rates. Many policy risk factors that result in higher rates like speeding tickets, accidents and a bad credit score can be improved by improving your driving habits or financial responsibility.

Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from one company like GEICO and State Farm, while independent agencies can quote prices from multiple sources.

Step 3: Compare the new rate quotes to the premium of your current policy to see if a cheaper price is available. If you can save some money, make sure coverage is continuous and does not lapse.

Step 4: Provide written notification to your current company to cancel your current coverage and submit the signed application along with the required initial payment for the new policy. As soon as you receive it, keep the new certificate verifying coverage in an easily accessible location in your vehicle.

A key point to remember is to make sure you enter identical deductibles and limits on every quote and and to look at all possible companies. This helps ensure a fair price comparison and a better comparison of the market.

Unbelievably, most drivers renewed their policy with the same company for more than four years, and nearly half have never quoted rates to find lower-cost coverage. New Jersey drivers can cut their rates by $716 a year, but they feel it's too difficult to compare rates online.

The quickest way to get rate comparisons for Porsche Boxster insurance in Jersey City utilizes the fact most of the larger companies allow for online access to provide you with a free rate quote. The one thing you need to do is spend a couple of minutes providing details like if the vehicle is leased, your credit rating estimate, which vehicles you own, and if you have a valid license. Your details is automatically sent to all major companies and you get price estimates immediately.

To find lower affordable Porsche Boxster insurance rates now, click here and enter the information requested.

The following companies are our best choices to provide price comparisons in New Jersey. If you wish to find the cheapest car insurance in NJ, it's highly recommended you visit two to three different companies to get the lowest price.

Affordable rates on Porsche Boxster insurance in Jersey City with these insurance discounts

Companies offering auto insurance do not advertise all possible discounts very clearly, so the following is a list of both well-publicized and the more hidden credits available to lower your premiums when you buy Jersey City auto insurance online.Insurance discounts

  • Telematics Data Discounts - Drivers who elect to allow their company to scrutinize driving habits through the use of a telematics system such as State Farm's In-Drive might see lower rates if they are good drivers.
  • Driver's Education for Students - Teen drivers should complete a driver education course as it can save substantially.
  • No Accidents - Drivers who don't have accidents have much lower rates as compared to insureds who have frequent claims or accidents.
  • ABS Brakes - Cars and trucks with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
  • Passenger Safety Discount - Options like air bags and/or automatic seat belt systems may earn rate discounts up to 30%.

Don't be shocked that most discounts do not apply to the overall cost of the policy. Most cut individual premiums such as collision or personal injury protection. Even though the math looks like having all the discounts means you get insurance for free, insurance companies aren't that generous. But any discount will positively reduce your policy premium.

The illustration below compares Porsche Boxster auto insurance costs with and without some available policy discounts. The rates are based on a female driver, no claims or driving citations, New Jersey state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, homeowner, multi-car, marriage, and claim-free discounts applied.

A few of the larger companies and a summarized list of policyholder discounts are shown below.

  • GEICO offers premium reductions for good student, emergency military deployment, daytime running lights, multi-vehicle, five-year accident-free, driver training, and defensive driver.
  • MetLife has discounts for good student, claim-free, multi-policy, defensive driver, accident-free, and good driver.
  • State Farm may include discounts for accident-free, passive restraint, multiple policy, Steer Clear safe driver discount, defensive driving training, student away at school, and anti-theft.
  • Progressive may have discounts that include good student, homeowner, continuous coverage, online signing, multi-vehicle, and multi-policy.
  • Mercury Insurance offers discounts including multi-car, accident-free, professional/association, ease of repair, good student, low natural disaster claims, and age of vehicle.
  • 21st Century may offer discounts for automatic seat belts, teen driver, defensive driver, good student, 55 and older, anti-lock brakes, and theft prevention.
  • Allstate has savings for FullPay discount, teenSMART discount, resident student, premier discount, new car, and eSmart discount.

Before buying, ask all companies you are considering which credits you are entitled to. Some discounts listed above may not be available in every state. For a list of companies that offer the discounts shown above in Jersey City, click here.

Porsche Boxster coverage analysis

The rate information shown below highlights estimates of insurance premium costs for Porsche Boxster models. Learning more about how prices are calculated can assist in making informed decisions.

Porsche Boxster Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $248 $524 $462 $28 $138 $1,400 $117
Boxster S 2-Dr Convertible $274 $592 $462 $28 $138 $1,494 $125
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price information does not factor in specific location which can revise premium rates significantly.

Policy deductibles

One of the hardest decisions when shopping for auto insurance is how low should you set your deductibles. The comparisons below summarize the differences in price when you buy lower versus higher comp and collision deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second price grid uses a $500 deductible.

Porsche Boxster insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $520 $1014 $408 $24 $122 $2,113 $176
Boxster S 2-Dr Convertible $574 $1146 $408 $24 $122 $2,299 $192
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Porsche Boxster insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $380 $684 $408 $24 $122 $1,618 $135
Boxster S 2-Dr Convertible $418 $774 $408 $24 $122 $1,746 $146
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Information does not factor in specific location which can raise or lower premium rates substantially.

Based on these figures, using a $100 deductible costs about $43 more each month or $516 a year averaged for all Boxster models than requesting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 9 months between claim filings, you would probably save some money by going with a higher deductible.

Do I need an agent?

Many drivers still prefer to visit with an insurance agent and there is nothing wrong with that. Experienced insurance agents can answer important questions and help file insurance claims. A nice benefit of price shopping on the web is that you can find cheap rate quotes but still work with a licensed agent. And providing support for small agencies is definitely important in Jersey City.

To help locate an agent, after submitting this form (opens in new window), your insurance coverage information is emailed to local insurance agents in Jersey City who will return price quotes for your coverage. There is no need to search for an agent because quoted prices will be sent to you. If you have a need to get a rate quote from a specific company, you would need to go to their quote page and complete a quote there.

When researching a good insurance agency, it's important to understand the types of agencies that you can select. Auto insurance agencies can either be exclusive agents or independent agents. Both types of agents can provide auto insurance policies, but it is important to understand how they differ since it can impact the selection process.

Independent Auto Insurance Agencies or Brokers

Agents that choose to be independent often have many company appointments and that is an advantage because they can write policies with any number of different companies depending on which coverage is best. If premiums increase, your agent can just switch to a different company and you won't have to switch agencies.

When comparing rates, you will definitely want to get quotes from at least one independent agent so that you can do a thorough price comparison. They also have the ability to place coverage with lesser-known insurance companies that may provide cheaper auto insurance rates.

The following are independent insurance agencies in Jersey City that can possibly get you comparison quotes.

  • ABL Insurance Services
    910 Bergen Ave # 307 - Jersey City, NJ 07306 - (201) 222-1314 - View Map
  • GIM Agency Services Inc
    263 Central Ave - Jersey City, NJ 07307 - (201) 792-4188 - View Map

  • 300 Exchange Pl - Jersey City, NJ 07311 - (201) 743-4000 - View Map

View more Jersey City agents

Exclusive Agents

Agents that choose to be exclusive generally can only insure with one company and some examples include American Family, State Farm, and Allstate. Exclusive agents are unable to place coverage with different providers so you need to shop around if the rates are high. Exclusive agents receive a lot of sales training on sales techniques which can be an advantage. Consumers frequently use the same agent mostly because of high brand loyalty instead of buying on price only.

Below are exclusive agents in Jersey City that are able to give price quotes.

View more Jersey City agents

Selecting a car insurance agent should depend on more than just the price. Any agent in Jersey City should be forthright in answering these questions:

  • Are there any discounts that you might be missing?
  • What is their Better Business Bureau rating?
  • Do they have cheaper tiers of coverage?
  • Will the quote change when the policy is issued?
  • Are there any extra charges for paying monthly?
  • Can you use your own choice of collision repair facility?
  • Do they offer claims assistance after hours?
  • Do they get paid more for recommending certain coverages?

If you feel you receive acceptable answers to all your questions and an affordable coverage quote, you may have found a car insurance agent that is reputable and can insure your vehicles. Just understand that you can always cancel a policy for any reason so never feel you are locked into a specific company indefinitely.

How Insurance Companies Calculate Porsche Boxster Insurance Costs

It's important that you understand some of the elements that play a part in calculating the rates you pay for insurance. If you have a feel for what positively or negatively impacts your premiums, this helps enable you to make changes that can earn you better insurance rates. Many different elements are part of the calculation when you get your auto insurance bill. Some are obvious such as traffic violations, although some other factors are more transparent like your vehicle usage and annual miles driven.

Gaps in coverage mean higher rates - Driving any period of time without insurance is a misdemeanor and any future policy may cost more because you let your coverage cancel without a new policy in place. Not only will you pay more, being ticketed for driving with no insurance might get you a steep fine or even jail time. You will then be forced to prove you have insurance by filing a SR-22 with the New Jersey motor vehicle department.

Pay more by driving carelessly - Just one ticket can increase the cost of insurance by twenty percent. Attentive drivers get better rates than their less careful counterparts. People who have multiple tickets like hit and run, DWI or reckless driving convictions may be required to file a SR-22 with their state DMV in order to drive a vehicle legally.

The example below shows how speeding tickets and at-fault accidents impact Porsche Boxster yearly insurance costs for each different age group. The rate quotes are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

Know your vehicle's crash test rating - Safer cars cost less to insure. Highly rated vehicles reduce injuries and any reduction in injury severity translates directly to fewer claims which can result in lower premiums.

Older drivers save more - Older, more experienced drivers are viewed as being more responsible, tend to file fewer claims, and receive fewer citations. Beginning drivers have a tendency to be inattentive and easily distracted in a vehicle so insurance rates are higher.

The next chart is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

Porsche Boxster insurance loss statistics - Companies factor in insurance loss information when determining insurance rates. Vehicles that historically have increased claim numbers or amounts will have higher rates.

The table below illustrates the historical loss data for Porsche Boxster vehicles. For each insurance policy coverage type, the claim probability for all vehicles averaged together is set at 100. Values that are under 100 mean the vehicle has better than average losses, while percentages above 100 indicate more frequent claims or a tendency for claims to be larger.

Insurance Loss Ratings for Porsche Boxster Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Porsche Boxster Convertible 135 47 121 31
BETTER
AVERAGE
WORSE

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

Three main reasons to buy insurance

Despite the high cost, insurance may not be optional for several reasons.

  • Most states have minimum mandated liability insurance limits which means the state requires a minimum amount of liability in order to drive the car. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If your vehicle has a lienholder, more than likely the lender will make it a condition of the loan that you carry insurance to protect their interest in the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Porsche at an extremely high rate and make you pay the higher premium.
  • Insurance protects not only your Porsche Boxster but also your financial assets. It also can pay for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will cover the repair costs.

The benefits of having insurance outweigh the cost, particularly when you have a large claim. But the average American driver is wasting up to $865 each year so smart consumers compare quotes at every renewal to ensure rates are competitive.

Best auto insurance company in Jersey City

Ending up with the best car insurance company is difficult considering how many companies provide coverage in Jersey City. The company ratings shown below could help you analyze which insurers you want to consider comparing prices from.

Top 10 Jersey City Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. USAA
  3. Liberty Mutual
  4. GEICO
  5. State Farm
  6. Nationwide
  7. Allstate
  8. 21st Century
  9. The Hartford
  10. Farmers Insurance

Top 10 Jersey City Car Insurance Companies Ranked by Value

  1. The Hartford
  2. Mercury Insurance
  3. Farmers Insurance
  4. Safeco Insurance
  5. AAA Insurance
  6. 21st Century
  7. Travelers
  8. State Farm
  9. Progressive
  10. American Family

Smart shoppers get results

People leave their current company for many reasons like questionable increases in premium, policy cancellation, policy non-renewal or even delays in paying claims. Regardless of your reason, switching car insurance companies is easier than you think.

We just showed you a lot of information how to find cheap Porsche Boxster insurance in Jersey City. It's most important to understand that the more price quotes you have, the better your chances of lowering your rates. Drivers may even discover the lowest priced car insurance comes from a smaller regional carrier.

The cheapest Porsche Boxster insurance in Jersey City can be sourced from both online companies in addition to many Jersey City insurance agents, so you need to shop Jersey City auto insurance with both to have the best chance of lowering rates. There are still a few companies who do not offer internet price quotes and many times these regional insurance providers prefer to sell through independent agents.

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