Nobody I know rejoices having to buy insurance, especially when they are aware that they could find better prices if they shop around.
Surprisingly, a recent survey revealed that most insurance customers renewed their policy with the same company for over three years, and almost half have never even compared quotes to find lower-cost rates. Arizona insurance shoppers can save hundreds of dollars each year just by shopping around, but they think it’s difficult to save money by comparing rate quotes.
Steps to finding affordable Porsche Panamera insurance in Chandler
If saving the most money is your goal, then the best way to get cheaper Porsche Panamera insurance is to compare quotes annually from providers who provide car insurance in Chandler. Drivers can shop around by following these guidelines.
First, try to understand how auto insurance works and the things you can change to keep rates low. Many factors that drive up the price such as getting speeding tickets and an unacceptable credit history can be improved by making minor changes in your lifestyle.
Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from one company like GEICO and State Farm, while independent agencies can quote rates from multiple insurance companies.
Third, compare the new rates to your current policy to determine if you can save on Panamera insurance in Chandler. If you find a lower rate quote and decide to switch, make sure coverage does not lapse between policies.
An important note is that you’ll want to compare similar limits and deductibles on every quote and and to get rates from all possible companies. This ensures an apples-to-apples comparison and the best price selection.
Online insurance companies like GEICO, 21st Century and Progressive increase brand awareness with ad campaigns and consumers find it hard to ignore the promise of big savings and do the work needed to find the best deal.
It’s smart to do price comparisons periodically since insurance prices fluctuate regularly. Even if you think you had the best deal on Porsche Panamera insurance in Chandler a few years ago you will most likely find a better rate today. Block out anything you think you know about insurance because you’re going to learn how to quote online to find better rates and still maintain coverage.
If you already have coverage or just want cheaper coverage, you can use these tips to get lower rates while maintaining coverages. Finding affordable insurance coverage in Chandler can be easy if you know a few tricks. Shoppers just need to know the best way to buy insurance online from multiple companies.
The auto insurance companies shown below provide free quotes in Arizona. If multiple companies are listed, we suggest you visit several of them in order to find the cheapest rates.
Analysis of coverages
The premium information below highlights detailed analysis of insurance costs for Porsche Panamera models. Having insight into how auto insurance premiums are figured can be of help when making smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $468 | $738 | $392 | $24 | $118 | $1,740 | $145 |
| Panamera 4S AWD 4-Dr Hatchback | $468 | $808 | $392 | $24 | $118 | $1,810 | $151 |
| Panamera Turbo AWD 4-Dr Hatchback | $536 | $946 | $392 | $24 | $118 | $2,016 | $168 |
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Price information does not factor in Chandler location which can increase or decrease auto insurance rates noticeably.
Physical damage deductibles
A question often asked by Chandler drivers is which deductibles should you choose. The comparison tables below help summarize the rate difference when you choose different physical damage coverage deductibles. The first data table uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $410 | $738 | $300 | $18 | $90 | $1,581 | $132 |
| Panamera 4S AWD 4-Dr Hatchback | $410 | $808 | $300 | $18 | $90 | $1,651 | $138 |
| Panamera Turbo AWD 4-Dr Hatchback | $470 | $946 | $300 | $18 | $90 | $1,849 | $154 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $254 | $464 | $300 | $18 | $90 | $1,126 | $94 |
| Panamera 4S AWD 4-Dr Hatchback | $254 | $508 | $300 | $18 | $90 | $1,170 | $98 |
| Panamera Turbo AWD 4-Dr Hatchback | $290 | $596 | $300 | $18 | $90 | $1,294 | $108 |
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Rate quotes do not factor in specific garaging location which can impact premiums considerably.
Based on this data, we can arrive at the conclusion that using a $250 deductible will cost in the ballpark of $41 more each month or $492 each year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have more than 18 months between claim filings, you would save money by going with a higher deductible.
Calculate savings of higher deductibles
| Average monthly premium for $250 deductibles: | $141 |
| Average monthly premium for $1,000 deductibles (subtract): | – $100 |
| Monthly savings from raising deductible: | $41 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $41 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 18 months |
The chart below demonstrates how choosing different deductibles and can increase or decrease Porsche Panamera insurance prices for each age group. The data is based on a single male driver, comp and collision included, and no discounts are applied.
Rate comparison of full coverage and liability-only
The chart below shows the comparison of Porsche Panamera yearly insurance costs with full physical damage coverage and with liability coverage only. The price estimates are based on no violations or claims, $100 deductibles, drivers are not married, and no discounts are factored in.
Deciding between full coverage and liability only
There is no exact formula to delete physical damage coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s assume your Porsche Panamera settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after you pay the deductible. If premium cost is more than $300 annually to have full coverage, then you might want to consider buying only liability coverage.
There are some cases where dropping full coverage is not advised. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Buying the right Porsche vehicle insurance in Arizona is an important decision
Even though it’s not necessarily cheap to insure a Porsche in Chandler, insuring your vehicle is required in Arizona but also provides important benefits.
- Most states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability protection in order to be legal. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your Porsche with a loan, most banks will force you to have physical damage coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may insure your Porsche at an extremely high rate and require you to reimburse them a much higher amount than you were paying before.
- Auto insurance protects your Porsche Panamera and your assets. Insurance will also pay for many types of medical costs for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you are sued as the result of your driving. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance definitely exceed the cost, especially for larger claims. But the average driver in Arizona overpays more than $750 every year so compare rate quotes every year to be sure current rates are still competitive.
You Can Change Your Insurance Premiums
It’s important that you understand the rating factors that play a part in calculating your premiums. When consumers understand what controls the rates you pay, this helps enable you to make changes that may result in lower rates.
Are men or women drivers cheaper? – Statistics demonstrate that females take fewer risks when driving. This data doesn’t prove that men are worse drivers. Males and females have accidents in similar percentages, but the men cause more damage and cost insurance companies more money. They also get higher numbers of serious violations like DWI (DUI) or reckless driving.
The chart below illustrates the comparison of Porsche Panamera yearly insurance costs for male and female drivers. The data assumes no accidents or driving violations, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.
Raising deductibles lowers rates – Insurance for physical damage to your car, also called comprehensive and collision insurance, covers damage that occurs to your Porsche. Some examples of claims that would be covered are collision with another vehicle, vandalism, and windstorm damage. Your deductibles tell how much you are required to spend out-of-pocket before a claim is paid by your company. The higher the amount the insured is willing to pay, the less money you will pay for auto insurance.
Big city or small town – Living in less populated areas of the country is a good thing if you are looking for the lowest rates. People in densely populated areas tend to have traffic congestion and longer commute times. Fewer people translates into fewer accident claims in addition to fewer liability claims.
Occupation reflects on prices – Occupations like judges, business owners, and medical professionals generally have higher rates than the rest of us attributed to intense work situations and extremely grueling work hours. On the flip side, jobs like farmers, students and the unemployed have lower than average premiums.
Porsche Panamera insurance loss statistics – Companies use past loss statistics for each vehicle to help calculate a profitable premium price. Models that have a trend towards higher claims will cost more for specific coverages.
The table below demonstrates the insurance loss data for Porsche Panamera vehicles. For each coverage category, the statistical loss for all vehicles averaged together is equal to 100. Percentage values below 100 imply a favorable loss record, while percentages above 100 point to more claims or statistically larger claims.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Porsche Panamera 4dr | 236 | 94 | 265 | 57 | ||
| Porsche Panamera GTS 4dr 4WD | 246 | 48 | 467 | |||
| Porsche Panamera Turbo 4dr 4WD | 242 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Chandler auto insurance companies ranked
Picking the highest-rated car insurance provider can be difficult considering how many companies sell insurance in Chandler. The company rank data shown next could help you select which insurers to look at when shopping around.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
Affordable insurance is out there
Low-cost Porsche Panamera insurance in Chandler is available on the web and also from your neighborhood Chandler agents, so you need to shop Chandler car insurance with both to have the best rate selection. Some insurance companies don’t offer online quoting and these regional carriers sell through local independent agencies.
As you restructure your insurance plan, do not reduce coverage to reduce premium. There have been many cases where consumers will sacrifice uninsured motorist or liability limits and discovered at claim time that it was a big error on their part. Your objective should be to purchase plenty of coverage at the best cost, but do not skimp to save money.
How to find more affordable Porsche Panamera insurance in Chandler
If you want to save the most money, the best way to find affordable Porsche Panamera insurance in Chandler is to compare prices at least once a year from insurers that sell auto insurance in Arizona.
- Step 1: Get an understanding of car insurance and the modifications you can make to prevent expensive coverage. Many factors that cause rate increases like speeding tickets, careless driving and poor credit history can be eliminated by being financially responsible and driving safely.
- Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from one company like Progressive or Farmers Insurance, while independent agencies can quote rates from many different companies.
- Step 3: Compare the new rate quotes to your existing policy and see if you can save money. If you can save some money, make sure there is no lapse in coverage.
- Step 4: Notify your agent or company of your decision to cancel your current car insurance policy. Submit a down payment and signed policy application to your new insurance company. Make sure you place your new proof of insurance paperwork along with the vehicle’s registration papers.
An essential thing to point out is to compare the same liability limits and deductibles on every quote and and to analyze as many companies as possible. This enables a level playing field and a complete rate analysis.
More resources
- Information for Teen Drivers (GEICO)
- How Much are Auto Insurance Quotes for Teachers in Chandler? (FAQ)
- Who Has Affordable Chandler Auto Insurance for a Toyota RAV4? (FAQ)
- What Car Insurance is Cheapest for Drivers with Good Credit in Chandler? (FAQ)
- How Much is Auto Insurance for High Mileage Drivers in Chandler? (FAQ)
- How to Avoid Staged Accidents (State Farm)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)