Best Insurance for a Porsche Boxster in New Orleans

Insurance for Porsche BoxsterIf your goal is the lowest price, then the best way to save money on Porsche Boxster insurance in New Orleans is to compare prices regularly from companies who provide car insurance in Louisiana. You can compare prices by following these guidelines.

Step 1: Gain an understanding of how companies price auto insurance and the things you can control to keep rates low. Many policy risk factors that cause rate increases such as tickets, at-fault accidents, and a substandard credit score can be amended by making minor changes in your lifestyle.

Step 2: Compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive and State Farm, while agents who are independent can quote prices from multiple insurance companies. Click to view companies

Step 3: Compare the quotes to your current policy premium and see if there is a cheaper rate in New Orleans. If you find a lower rate and switch companies, make sure coverage is continuous and does not lapse.

The most important part of shopping around is that you’ll want to compare identical limits and deductibles on each price quote and and to get prices from as many carriers as you can. This enables a fair price comparison and the most accurate and complete price analysis.

Shocking but true, over 70% of Louisiana drivers renewed their policy with the same company for well over three years, and approximately 40% of consumers have never quoted auto insurance rates at all. Many drivers in the United States can save $859 each year, but they think it’s difficult to compare rate quotes online.

Best companies for cheap Porsche Boxster insurance in Louisiana

The companies shown below offer free rate quotes in Louisiana. To locate the best car insurance in New Orleans, LA, we suggest you get price quotes from several of them to get the best price comparison.

Porsche Boxster insurance charts and tables

The data table displayed next outlines detailed analysis of insurance costs for Porsche Boxster models. Having a good understanding how auto insurance policy rates are figured can aid in making informed decisions when shopping around for a new policy.

Porsche Boxster Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $410 $754 $406 $24 $122 $1,716 $143
Boxster S 2-Dr Convertible $452 $854 $406 $24 $122 $1,858 $155
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Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rate information does not factor in vehicle garaging location which can influence price quotes noticeably.

Does it make sense to buy full coverage?

The diagram below shows the comparison of Porsche Boxster car insurance costs with and without full coverage. The premiums assume no claims or violations, $1,000 deductibles, marital status is single, and no other discounts are factored in.

Should you pay for full coverage or liability only?

There is no written rule to eliminate comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Porsche Boxster replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $5,000 after the deductible is paid. If you are currently paying more than $500 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some scenarios where dropping physical damage coverage is not in your best interest. If you still have a lienholder on your title, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.

You may qualify for discounts for Porsche Boxster insurance in New Orleans

Some insurance providers do not list their entire list of discounts very well, so here is a list a few of the more common in addition to some of the lesser obvious credits that you can use to lower your rates.Insurance discounts

Keep in mind that some of the credits will not apply to all coverage premiums. Most cut the cost of specific coverages such as comp or med pay. So even though they make it sound like all the discounts add up to a free policy, insurance companies aren’t that generous.

The chart below illustrates the difference between Porsche Boxster insurance premiums with and without discounts applied to the premium. The rates are based on a female driver, a clean driving record, no claims, Louisiana state minimum liability limits, full physical damage 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, claim-free, homeowner, marriage, and multi-car discounts applied.

Some of the insurance companies who might offer these discounts possibly include:

Check with each company or agent which credits you are entitled to. Some discounts might not be available to policyholders in New Orleans. To see insurance companies that offer the discounts shown above in New Orleans, click here to view.

Porsche Boxster Insurance Premiums Can Be Lower

Part of the car insurance buying process is learning the rating factors that help calculate the rates you pay for car insurance. If you have some idea of what positively or negatively impacts your premiums, this enables informed choices that can earn you big savings. Many things are part of the calculation when premium rates are determined. Some are pretty understandable like your driving record, but others are less obvious such as whether you are married and annual miles driven.

Shown below are some of the most common factors car insurance companies consider when setting your premiums.

Low deductibles cost more – Physical damage deductibles are how much you are required to pay before a claim is paid by your company. Physical damage coverage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Examples of covered claims are collision with another vehicle, fire damage, or theft of your vehicle. The more damage repair cost you are required to pay out-of-pocket, the bigger discount you will receive.

Vehicle theft costs us all – Buying a car with anti-theft technology or alarm system can save you a little every year. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help prevent your car from being stolen.

You may save more by bundling policies – Most car insurance companies allow better rates to clients who carry more than one policy such as combining an auto and homeowners policy. Discounts can add up to five, ten or even twenty percent. If you currently are using one company, drivers will still want to check prices from other companies to ensure the best deal. You may still be able to save even more by insuring with multiple companies.

Commute or pleasure use – The more miles you rack up on your Porsche every year the more you’ll pay to insure it. The majority of insurers calculate rates based on how the vehicle is used. Vehicles that sit idle most of the time can get a lower rate than those that get driven frequently. Incorrect rating for your Boxster can cost quite a bit. Make sure your car insurance declarations sheet states the correct usage for each vehicle, because improper ratings can cost you money.

Gender as a rate factor – Statistics have proven females are less aggressive when driving. However, don’t assume that females are better drivers. Both genders are in fender benders at a similar rate, but the male of the species tend to have higher claims. In addition to higher claims, males also receive more major tickets such as reckless driving.

The illustration below compares Porsche Boxster car insurance costs for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, full coverage, $100 deductibles, drivers are single, and no policy discounts are applied.

Lower premiums with uninterrupted coverage – Allowing your coverage to lapse can be a fast way to increase your renewal premiums. Not only will rates go up, the inability to provide proof of insurance could result in a revoked license or a big fine.

Porsche Boxster insurance claim data – Insurance companies include the past claim history for a vehicle to help calculate a profitable premium price. Vehicles that tend to have higher prevalence or dollar amount of losses will have a higher cost to insure. The table shown below demonstrates the compiled insurance loss statistics for Porsche Boxster vehicles.

For each policy coverage, the claim probability for all vehicles averaged together is set at 100. Values that are under 100 suggest losses that are better than average, while numbers shown that are more than 100 point to more claims or an increased likelihood of larger losses.

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

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

Get rate quotes but still have a local neighborhood New Orleans car insurance agent

A lot of people still prefer to go talk to an agent and that is OK! Professional agents can help you build your policy and help file insurance claims. An additional benefit of getting online price quotes is you may find better rates but still work with a licensed agent. Buying insurance from local agencies is definitely important in New Orleans.

Find insurance agent in New OrleansTo help locate an agent, after submitting this short form, your insurance data is transmitted to local insurance agents in New Orleans that can give you free New Orleans auto insurance quotes for your car insurance coverage. It’s much easier because you don’t need to leave your computer because quoted prices will be sent to the email address you provide. If you have a need to quote rates from a specific company, feel free to visit that company’s website and submit a quote form there.

Two different types of car insurance agents

If you are wanting to find a local insurance agency, it’s helpful to know the different types of agencies and how they operate. Car insurance agents in New Orleans are either independent (non-exclusive) or exclusive. Either type can sell affordable car insurance policies, but it’s important to know the difference in how they write coverage since it can affect your selection of an agent.

Independent Agencies or Brokers

Independent agents are not required to write business for one company so they have the ability to put coverage through many different car insurance companies and possibly get better coverage at lower prices. To move your coverage to a new company, the business is moved internally and the insured can keep the same agent.

When comparison shopping, you will definitely want to include a few independent agents for maximum quote selection.

Below is a partial list of independent agencies in New Orleans who can help you get comparison quotes.

824 Elmwood Park Blvd #295New Orleans, LA 70123(504) 734-0305View Map

4700 Orleans AveNew Orleans, LA 70119(504) 486-6133View Map

4101 S Carrollton Ave cNew Orleans, LA 70119(504) 486-0123View Map

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Exclusive Car Insurance Agencies

Exclusive agents can only place business with one company like Farmers Insurance, American Family, State Farm and Allstate. They usually cannot compare other company’s rates so they have to upsell other benefits. Exclusive agents are well trained on their company’s products and that can be a competitive advantage.

Shown below is a short list of exclusive insurance agencies in New Orleans that are able to give price quotes.

13040 I- 10 Service RdNew Orleans, LA 70128(504) 218-1586View Map

7037 Canal Blvd #201New Orleans, LA 70124(504) 283-9310View Map

3536 Holiday Dr aNew Orleans, LA 70114(504) 367-6660View Map

More New Orleans agents

Finding the right insurance agent should include more criteria than just a cheap quote. Ask your prospective agent these questions:

What is the best auto insurance company in Louisiana?

Buying coverage from a highly-rated insurance provider can be challenging considering how many companies provide coverage in New Orleans. The company ratings in the next section could help you select which car insurance companies to look at when comparing rates.

Best Auto Insurance Companies in New Orleans
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

A conclusion for your insurance search

Some insurance companies may not offer online quoting and most of the time these smaller providers provide coverage only through local independent agencies. The cheapest Porsche Boxster insurance in New Orleans can be purchased online and from local insurance agents, so you need to compare both to have the best selection.

When shopping online for insurance, you should never buy less coverage just to save a little money. In many cases, someone dropped physical damage coverage only to find out that they should have had better coverage. Your goal should be to buy a smart amount of coverage at the best possible price, but do not sacrifice coverage to save money.

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