Trying to find cheaper insurance for a new or used Porsche Boxster in Nevada can normally be an all-consuming task, but you can learn our auto insurance buying tips to save time. There are more efficient ways to find auto insurance online and you need to know the absolute fastest way to quote coverages for your Porsche and locate the best price possible from both online companies and Henderson agents.
It’s a great practice to quote other rates at least once a year due to the fact that insurance rates are variable and change quite frequently. Just because you had the best premium rates on Porsche Boxster insurance in Henderson two years ago a different company probably has better prices today. You’ll find a ton of advice on Boxster insurance on the web, but you can learn some great ways to stop overpaying for insurance in Henderson.
Locating the most cost-effective auto insurance policy in Henderson is really not that difficult. If you are already insured or are looking for a new policy, use these techniques to get lower rates without sacrificing coverage. Comparison shoppers just have to understand the quickest method to find the lowest price online from multiple companies.
Verify you’re receiving every discount
Some companies don’t necessarily list all possible discounts in a way that’s easy to find, so the list below details some of the best known and also the lesser-known credits that may apply to you.
- Save with a New Car – Adding a new car to your policy can cost up to 25% less compared to insuring an older model.
- Student in College – Any of your kids who attend college more than 100 miles from Henderson and won’t have access to an insured vehicle can receive lower rates.
- Pay Upfront and Save – If you pay your entire premium ahead of time as opposed to paying monthly you can actually save on your bill.
- Passive Restraints – Vehicles equipped with air bags or motorized seat belts can receive discounts of 25 to 30%.
- Discounts for Responsible Drivers – Drivers who avoid accidents can pay as much as 50% less than less cautious drivers.
A quick disclaimer, most of the big mark downs will not be given to the whole policy. Most only reduce the cost of specific coverages such as liability, collision or medical payments. So when it seems like you could get a free auto insurance policy, companies don’t profit that way.
The chart below shows the difference between Porsche Boxster premium costs with and without discounts. The premiums assume a female driver, no claims, a clean driving record, Nevada state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, safe-driver, homeowner, multi-policy, and multi-car discounts applied.
Some of the larger companies that possibly offer these money-saving discounts possibly include:
If you want the cheapest Porsche Boxster rate quotes, ask all the companies which discounts you qualify for. Discounts might not be offered in your state. If you would like to see a list of insurers who offer auto insurance discounts in Henderson, click here to view.
The following companies have been selected to offer price comparisons in Nevada. To locate cheap auto insurance in Henderson, NV, it’s a good idea that you click on several of them in order to find the most affordable rates.
Porsche Boxster insurance rate analysis
The table displayed below highlights estimates of insurance premium costs for Porsche Boxster models. Learning how auto insurance premiums are determined can aid in making informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Boxster 2-Dr Convertible | $258 | $560 | $296 | $18 | $88 | $1,220 | $102 |
| Boxster S 2-Dr Convertible | $284 | $634 | $296 | $18 | $88 | $1,320 | $110 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Table data does not factor in vehicle location which can affect premiums greatly.
Policy deductible comparison
When comparing auto insurance rates, the most common question is how high should the physical damage coverage deductibles be. The rates shown below may help you to understand how much more you’ll pay of buying low and high comp and collision deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Boxster 2-Dr Convertible | $334 | $650 | $262 | $16 | $78 | $1,365 | $114 |
| Boxster S 2-Dr Convertible | $368 | $736 | $262 | $16 | $78 | $1,485 | $124 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Boxster 2-Dr Convertible | $184 | $342 | $262 | $16 | $78 | $882 | $74 |
| Boxster S 2-Dr Convertible | $204 | $388 | $262 | $16 | $78 | $948 | $79 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Prices do not factor in specific Henderson garaging location which can increase or decrease premium rates substantially.
Based on the data above, we can derive that using a $100 deductible costs approximately $42 more each month or $504 for a full year than choosing the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have more than 21 months between claims, you would save money by going with a higher deductible.
How to calculate deductible break even point
| Average monthly premium for $100 deductibles: | $119 |
| Average monthly premium for $1,000 deductibles (subtract): | – $77 |
| Monthly savings from raising deductible: | $42 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $42 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 21 months |
An important thing to remember is that raising deductibles results in a higher out-of-pocket expense if you have a claim. You need enough money in the bank in the event you have to pay the higher deductible.
How careless driving impacts Henderson auto insurance rates
The information below illustrates how violations and accident claims can influence Porsche Boxster insurance premiums for different age groups of insureds. The costs are based on a married female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.
When do I need to talk to a local insurance agent?
Many people just prefer to sit down and talk to an agent and that is just fine! Insurance agents can help you build your policy and help in the event of a claim. One of the great benefits of getting online price quotes is you may find the lowest rates and still buy from a local agent.
To find an agent, once you fill out this form (opens in new window), your coverage information is emailed to participating agents in Henderson who can give free rate quotes for your coverage. It simplifies rate comparisons since you won’t have to do any legwork since price quotes are sent immediately to you. If for some reason you want to get a price quote for a specific company, just navigate to their website and submit a quote form there.
Choosing a provider needs to be determined by more than just a cheap price. The following questions are important to ask.
- How much will you save each year by using a higher deductible?
- Do they get paid more for recommending certain coverages?
- Will they make sure you get an adequate claim settlement?
- Do you work with a CSR or direct with the agent?
- How will an accident affect your rates?
- Where are claims handled?
- Do they specialize in personal lines coverage in Henderson?
- Which members of your family are coverage by the policy?
Is an exclusive or independent car insurance agent right for you?
If you want to buy auto insurance from a local insurance agency, you must know there are a couple types of agencies and how they are slightly different. Agents in Henderson can be classified as either independent or exclusive. Either can properly insure your vehicles, but it’s worth learning the difference in how they write coverage because it can factor into buying decisions.
Exclusive Insurance Agents
These type of agents work for only one company such as State Farm or Allstate. Exclusive agents cannot provide rate quotes from other companies so always compare other rates. They are usually quite knowledgeable on sales techniques which helps them compete with independent agents. Consumers frequently buy from the same agent for years primarily because of high brand loyalty and strong financial ratings.
The following are exclusive agents in Henderson who may provide you with price quotes.
- American Family Insurance – Barbara Nielson
1776 W Horizon Ridge Pkwy Ste 110 – Henderson, NV 89012 – (702) 906-1860 – View Map - Farmers Insurance: Jennifer Montisano
181 N Arroyo Grande Blvd #100 – Henderson, NV 89074 – (702) 262-5525 – View Map - Brendon Walker – State Farm Insurance Agent
4027 E Sunset Rd – Henderson, NV 89014 – (702) 456-6791 – View Map
Independent Auto Insurance Agencies
Independent agencies are not locked into one company so they can write business with a variety of different insurance companies and get the cheapest rates. If premiums increase, they simply move your policy to a different company which requires no work on your part.
When shopping rates, it’s a good idea to check rates from several independent agencies for the best price selection. Many can place coverage with companies you’ve never heard of which can save you money.
Below are Henderson independent insurance agents that are able to give rate quotes.
- High Desert Insurance Agency
140 E Horizon Dr – Henderson, NV 89015 – (702) 558-8587 – View Map - Carl R Forman Insurance Agency
70 E Horizon Ridge Pkwy – Henderson, NV 89002 – (702) 732-7675 – View Map - Balsiger Insurance
3481 E Sunset Rd #100 – Las Vegas, NV 89120 – (702) 220-8640 – View Map
Insurance does more than just protect your car
Despite the high insurance cost for a Porsche Boxster in Henderson, insuring your vehicle serves several important purposes.
- Just about all states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance coverage in order to license the vehicle. In Nevada 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 your Boxster has a lienholder, more than likely the lender will stipulate that you carry insurance to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the lender may insure your Porsche for a lot more money and require you to pay the higher premium.
- Insurance safeguards both your Porsche Boxster and your personal assets. It will also reimburse you for all forms of medical expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if you are sued as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.
The benefits of having insurance definitely exceed the price paid, specifically if you ever have a liability claim. Unknowingly, the average driver overpays as much as $869 every year so compare rate quotes at every renewal to ensure rates are competitive.
Specifics of your auto insurance policy
Understanding the coverages of your auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement.
Medical costs insurance
Med pay and PIP coverage provide coverage for expenses such as rehabilitation expenses, EMT expenses, prosthetic devices, funeral costs and nursing services. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Comprehensive or Other Than Collision
This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like a tree branch falling on your vehicle, theft and fire damage. The most your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Auto liability insurance
Liability coverage provides protection from injuries or damage you cause to a person or their property. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 15/30/10 that means you have $15,000 in coverage for each person’s injuries, a limit of $30,000 in injury protection per accident, and $10,000 of coverage for damaged property.
Liability insurance covers things like loss of income, funeral expenses, structural damage and medical expenses. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible. Nevada requires drivers to carry at least 15/30/10 but you should think about purchasing higher limits.
The illustration below shows why minimum state limits may not be enough.
Collision coverage protection
This covers damage to your Boxster resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims like crashing into a ditch, damaging your car on a curb, hitting a mailbox and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also choose a higher deductible on your Boxster to get cheaper collision coverage.
UM/UIM Coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as damage to your Porsche Boxster.
Since a lot of drivers have only the minimum liability required by law (15/30/10), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.
Final considerations
As you restructure your insurance plan, you should never reduce needed coverages to save money. There have been many cases where drivers have reduced full coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy enough coverage for the lowest price while not skimping on critical coverages.
Insureds who switch companies do it for any number of reasons including delays in paying claims, policy cancellation, lack of trust in their agent or even being labeled a high risk driver. Regardless of your reason for switching companies, choosing a new company is easier than you think.
The cheapest Porsche Boxster insurance in Henderson is available both online as well as from insurance agents, so you need to quote Henderson car insurance with both in order to have the best chance of saving money. Some insurance companies do not provide rate quotes online and these small insurance companies work with independent agencies.
Steps to finding cheaper Porsche Boxster insurance in Henderson
It takes a little time, but the best way to save on auto insurance rates in Henderson is to make a habit of regularly comparing prices from insurance carriers who provide car insurance in Nevada.
- Take a little time to learn about what coverages are included in your policy and the steps you can take to drop your rates. Many things that cause high rates such as at-fault accidents and an imperfect credit score can be rectified by making lifestyle changes or driving safer.
- Compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from one company like GEICO or Allstate, while agents who are independent can provide price quotes for many different companies. View a list of agents
- Compare the new quotes to your current policy premium and see if there is a cheaper rate in Henderson. If you find a better price, make sure there is no lapse in coverage.
- Give notification to your agent or company to cancel your current car insurance policy and submit the signed application along with the required initial payment for your new policy. Once coverage is bound, put the proof of insurance paperwork in a readily accessible location in your vehicle.
An important note is to make sure you enter identical coverage information on each quote request and to quote with all possible companies. Doing this enables a level playing field and a thorough selection of prices.
More learning opportunities
- Tread Depth and Tire Safety (State Farm)
- Who Has Affordable Car Insurance Quotes for Drivers with a Bad Driving Record in Henderson? (FAQ)
- How Much are Henderson Car Insurance Rates for 16 Year Olds? (FAQ)
- What Insurance is Cheapest for Drivers Under 21 in Henderson? (FAQ)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Safety Belts FAQ (iihs.org)