Best Ways to Save on Lubbock Porsche Cayenne Insurance

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Having to pay for pricey Porsche Cayenne insurance in Lubbock can eat up your savings and make it impossible to make ends meet. Comparing rates annually can be a smart way to make sure you're not throwing money away.

Discount Porsche Cayenne insuranceIt's astonishing, but the vast majority of car insurance customers renewed their policy with the same company for well over three years, and approximately 40% of consumers have never shopped around. Many drivers in Lubbock could save approximately 70% a year, but they just assume it takes a lot of time to shop their coverage around.

Steps to finding cheaper quotes for Porsche Cayenne insurance in Lubbock

If you want to save money, the best way to find discount auto insurance rates is to compare prices annually from insurance carriers who sell auto insurance in Lubbock.

  • Step 1: Spend a few minutes and learn about car insurance and the modifications you can make to prevent rate increases. Many policy risk factors that result in higher prices such as accidents, traffic tickets, and a lousy credit rating can be amended by making minor changes in your lifestyle.
  • Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from one company like Progressive and State Farm, while agents who are independent can provide price quotes from multiple sources. Compare rates now
  • Step 3: Compare the new quotes to your existing rates to determine if switching companies saves money. If you can save some money, make sure there is no coverage gap between policies.
  • Step 4: Give proper notification to your current agent or company to cancel your current policy. Submit payment and a completed application for your new coverage. Make sure you store the certificate verifying coverage above your visor, in the console, or in the glove compartment.

The most important part of shopping around is to compare identical deductibles and limits on every price quote and and to get prices from as many companies as feasibly possible. Doing this helps ensure a level playing field and a complete selection of prices.

Many auto insurance companies compete for your insurance dollar, so it's not easy to compare every insurer and get the best coverage at the best rate on Porsche Cayenne insurance in Lubbock.

How to Lower Your Insurance Prices

Lots of factors are considered when pricing auto insurance. Some are obvious like your driving record, but some are less apparent such as your credit history and annual miles driven. A large part of saving on insurance is knowing the rating factors that come into play when calculating the level of your policy premiums. If you know what positively or negatively impacts your premiums, this allows you to make educated decisions that could result in big savings.

Listed below are some of the most rate-impacting factors used by your company to calculate your prices.

High coverage deductibles lower premiums - Comprehensive and collision coverage deductibles tell how much you are required to spend before your insurance pays a claim. Insurance for physical damage, also called 'full coverage', covers damage that occurs to your car. Examples of covered claims are colliding with a stationary object, damage from fire, and having a roll-over accident. The more money you have to pay, the lower your rates will be.

Buy as much liability insurance as you can afford - A critical coverage on your policy, liability insurance will afford coverage when a court rules you are at fault for physical damage or personal injury to other. Your policy's liability insurance provides legal defense to defend your case. Liability is cheap when compared with rates for comp and collision, so do not cut corners here.

Tickets and citations cost more than a fine - Your driving record has a big impact on rates. Even one driving citation can boost insurance rates substantially. Good drivers get better rates compared to bad drivers. People who have dangerous citations like hit and run, DWI or reckless driving convictions may find that they have to to submit a SR-22 form with the DMV in their state in order to prevent a license revocation.

The illustration below illustrates how violations and at-fault claims increase Porsche Cayenne insurance costs for different age groups. The prices are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Employer impacts premiums - Jobs like lawyers, business owners, and dentists have higher rates than the rest of us due to intense work-related stress and extremely grueling work hours. On the other hand, occupations like professors, students and the unemployed pay lower than average rates.

Teenage drivers pay more - Mature drivers are more cautious drivers, cost insurance companies less in claims, and are safer drivers. Youthful drivers are known to be careless and easily distracted when behind the wheel so insurance rates are higher.

The data below uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

Do you really need roadside assistance? - There are quite a few add-on coverages that may not really be needed when buying insurance. Insurance for things like coverage for rental cars, high-cost glass coverage, and membership fees could be just wasting money. They may sound like good ideas initially, but if you don't need them eliminate them to save money.

Low credit history equals high costs - Having a good credit history is a big factor in your rate calculation. Consumers who have very high credit ratings tend to be more responsible than drivers with lower credit scores. So if your credit history leaves room for improvement, you may save money insuring your Porsche Cayenne by improving your credit score.

Allowing your insurance policy to lapse raises prices - Driving your car without having proper coverage is against the law and any future policy may cost more because you let your coverage lapse. Not only will you pay higher rates, getting caught without coverage can result in a steep fine or even jail time.

Porsche Cayenne historical loss data - Companies include the past claim history for a vehicle when they calculate premium rates for each model. Models that the data shows to have higher loss trends will cost more to insure. The table below demonstrates the compiled insurance loss statistics for Porsche Cayenne vehicles.

For each policy coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, equals 100. Numbers that are below 100 indicate better than average losses, while numbers above 100 point to more losses or statistically larger claims.

Porsche Cayenne Insurance Loss Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Porsche Cayenne 4dr 4WD 176 100 138 58 53 77
Porsche Cayenne Hybrid 4dr 4WD 119
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years

The car insurance companies shown below can provide comparison quotes in Texas. If you want to find cheaper car insurance in Lubbock, it's a good idea that you visit several of them to get a more complete price comparison.

Porsche Cayenne detailed coverage information

The price information displayed next outlines a range of prices for Porsche Cayenne models. Having knowledge of how insurance policy rates are figured can be of help when making smart choices when choosing a car insurance company.

Porsche Cayenne Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayenne $504 $988 $514 $30 $154 $2,190 $183
Cayenne S $552 $1118 $514 $30 $154 $2,368 $197
Cayenne GTS $552 $1248 $514 $30 $154 $2,498 $208
Cayenne S Transyberia $552 $1248 $514 $30 $154 $2,498 $208
Cayenne GTS PD Edition 3 $598 $1378 $514 $30 $154 $2,674 $223
Cayenne Turbo $646 $1378 $514 $30 $154 $2,722 $227
Cayenne Turbo S $738 $1638 $514 $30 $154 $3,074 $256
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium costs do not factor in your specific Lubbock location which can alter auto insurance rates substantially.

Choosing deductibles

When comparing auto insurance rates, the most common question is how high should the deductibles for physical damage be. The following insurance rates sum up the rate fluctuation when you buy lower versus higher physical damage coverage deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $1,000 deductible.

Porsche Cayenne insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayenne $408 $672 $382 $22 $114 $1,623 $135
Cayenne S $446 $762 $382 $22 $114 $1,751 $146
Cayenne GTS $446 $850 $382 $22 $114 $1,839 $153
Cayenne S Transyberia $446 $850 $382 $22 $114 $1,839 $153
Cayenne GTS PD Edition 3 $484 $938 $382 $22 $114 $1,965 $164
Cayenne Turbo $522 $938 $382 $22 $114 $2,003 $167
Cayenne Turbo S $598 $1116 $382 $22 $114 $2,257 $188
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Porsche Cayenne insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayenne $252 $424 $382 $22 $114 $1,194 $100
Cayenne S $276 $478 $382 $22 $114 $1,272 $106
Cayenne GTS $276 $534 $382 $22 $114 $1,328 $111
Cayenne S Transyberia $276 $534 $382 $22 $114 $1,328 $111
Cayenne GTS PD Edition 3 $298 $590 $382 $22 $114 $1,406 $117
Cayenne Turbo $322 $590 $382 $22 $114 $1,430 $119
Cayenne Turbo S $370 $702 $382 $22 $114 $1,590 $133
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in specific zip code location which can lower or raise auto insurance rates greatly.

We can estimate from the data above that using a $250 deductible will cost you about $44 more each month or $528 each year than buying the higher $1,000 deductible. Because you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 17 months between claim filings, you would more than likely save some money if you choose the higher deductible.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $158
Average monthly premium for $1,000 deductibles (subtract): - $114
Monthly savings from raising deductible: $44
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $44
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

An important thing to remember is that a higher deductible level means you will have to pay more of your own money when you have a comprehensive or collision claim. You need to make sure you have enough savings in order to pay more to get your vehicle repaired.

The chart below highlights how deductible choice and can influence Porsche Cayenne insurance costs for different insured age categories. The premiums assume a married male driver, comp and collision included, and no discounts are applied.

Here's why car insurance is not optional

Despite the potentially high cost of Porsche Cayenne insurance, paying for car insurance may be required for several reasons.

  • The majority of states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability coverage in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If your Porsche has a lienholder, almost all lenders will stipulate that you have insurance to guarantee loan repayment. If you let the policy lapse, the bank may insure your Porsche for a lot more money and require you to reimburse them a much higher amount than you were paying before.
  • Car insurance protects both your assets and your vehicle. It will also provide coverage for many types of medical costs for yourself as well as anyone injured by you. Liability coverage also pays expenses related to your legal defense if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of carrying adequate insurance greatly outweigh the cost, particularly if you ever have a claim. In a recent study of 1,000 drivers, the average customer overpays as much as $869 every year so it's very important to do a rate comparison once a year at a minimum to save money.

Get discounts on Lubbock auto insurance

Not too many consumers would say auto insurance is affordable, but there may be some discounts that you may not even be aware of. Some trigger automatically when you get a quote, but some need to be requested specifically before they will apply.Discount auto insurance

  • Discounts for Safe Drivers - Insureds who avoid accidents can pay as much as 50% less compared to rates paid by drivers with frequent claims.
  • Low Miles Discount - Keeping the miles down on your Porsche may enable drivers to earn cheaper premium rates.
  • Seat Belt Usage - Drivers who require all occupants to use a seat belt can save 10% or more on medical payment and PIP coverage.
  • Bundled Policy Discount - When you have multiple policies with the same insurance company you could save at least 10% off all policies.
  • Defensive Driver Discounts - Taking part in a course teaching safe driver skills can save you 5% or more and easily recoup the cost of the course.
  • Discount for New Cars - Adding a new car to your policy may earn a small discount because new vehicles have to meet stringent safety requirements.
  • Smart Student Discounts - Being a good student may save you up to 25%. The good student discount can last well after school through age 25.

One last thing about discounts, some of the credits will not apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as medical payments or collision. So even though you would think all those discounts means the company will pay you, you're out of luck.

The information below illustrates the difference between Porsche Cayenne insurance premiums with and without discounts applied to the policy rates. The prices are based on a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, claim-free, safe-driver, marriage, and homeowner discounts applied.

To see a list of companies who offer cheap Porsche Cayenne insurance quotes in Lubbock in Texas, follow this link.

When should I talk to a local insurance agent?

Some consumers would prefer to sit down with an agent and we recommend doing that Insurance agents can help determine the best coverages and help you file claims. One of the best bonuses of getting free rate quotes online is the fact that drivers can get the best rates and still have an agent to talk to. And buying from local insurance agencies is especially important in Lubbock.

Insurance agents in LubbockAfter filling out this form (opens in new window), the quote information is submitted to participating agents in Lubbock that give free quotes for your insurance coverage. There is no need to leave your house because quoted prices will be sent directly to your email. If you need to compare prices from a specific company, just search and find their rate quote page and fill out the quote form the provide.

How to choose the best car insurance agent in Lubbock

If you are wanting to purchase car insurance from a good insurance agency, you should know the different types of agencies and how they are slightly different. Agencies in Lubbock can be described as either independent or exclusive. Both types can write car insurance policies, but it is important to understand how they are different since it can affect buying decisions.

Independent Insurance Agents

Agents in the independent channel can sell policies from many different companies and that gives them the ability to insure with an assortment of companies and help determine which has the cheapest rates. If they find a lower price, your agent can switch companies and you can keep the same agent.

If you are trying to find cheaper rates, you will definitely want to get quotes from several independent insurance agents to maximize your price options.

Below is a partial list of independent insurance agents in Lubbock who may provide comparison quotes.

Maria Valeriano Insurance Agency
4210 50th St - Lubbock, TX 79413 - (806) 780-6622 - View Map


3225 50th St - Lubbock, TX 79413 - (806) 799-0052 - View Map


6102 82nd St #6 - Lubbock, TX 79424 - (806) 745-8358 - View Map

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Exclusive Car Insurance Agencies

These type of agents can usually just insure with one company like Farmers Insurance, State Farm, or Allstate. These agents are not able to provide other company's prices so you might not find the best rates. These agents are highly trained on what they offer and that can be a competitive advantage.

The following are exclusive insurance agents in Lubbock that can give you comparison quotes.


2321 50th St Ste C - Lubbock, TX 79412 - (806) 799-4600 - View Map


8001 Quaker Ave STE G - Lubbock, TX 79424 - (806) 745-2555 - View Map


2026 82nd St #103 - Lubbock, TX 79423 - (806) 783-0831 - View Map

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Choosing a car insurance agent needs to be determined by more than just the premium amount. You should also get answers to these questions.

  • Do they feel the quoted coverages are adequate?
  • Where would your vehicle be repaired?
  • What is their Better Business Bureau rating?
  • How many years of experience in personal auto insurance do they have?
  • How is replacement cost determined on your vehicle?
  • Do they specialize in personal lines coverage in Lubbock?
  • Will the agent help in case of a claim?

Special considerations

Always keep in mind that when comparing coverage online or from an agent, there isn't really a one-size-fits-all type of policy. Your needs are not the same as everyone else's.Drive safe and save

These are some specific questions can aid in determining if your situation could use an agent's help.

  • How much liability coverage do I need in Texas?
  • Is my custom stereo system covered?
  • Where can I find high-risk insurance?
  • If my car is totaled with they pay enough to replace it?
  • Am I covered if I hit someone who is not insured?
  • Am I covered if I drive in a foreign country?
  • Am I covered if I crash into my own garage door?
  • How do I insure my teen driver?

If it's difficult to answer those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form. It is quick, free and may give you better protection.

In Summary

In this article, we covered many ideas to compare Porsche Cayenne insurance prices in Lubbock. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. Consumers may even find the lowest prices come from the least-expected company.

Consumers change insurance companies for many reasons like poor customer service, questionable increases in premium, policy non-renewal and extreme rates for teen drivers. It doesn't matter what your reason, finding a new auto insurance company can be pretty painless.

Budget-conscious Porsche Cayenne insurance is possible online in addition to local insurance agencies, and you need to price shop both to have the best chance of lowering rates. Some companies may not have internet price quotes and usually these smaller providers sell through independent agents.

Steps to buying affordable Porsche Cayenne insurance in Lubbock

To save the most money, the best way to get the cheapest Porsche Cayenne insurance in Lubbock is to start doing a yearly price comparison from companies who can sell car insurance in Texas.

Step 1: Spend a few minutes and learn about how companies set rates and the measures you can take to keep rates down. Many policy risk factors that cause high rates like at-fault accidents, speeding tickets, and an unacceptable credit history can be improved by making minor driving habit or lifestyle changes.

Step 2: Obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like Progressive and State Farm, while independent agencies can quote rates from multiple insurance companies.

Step 3: Compare the new rate quotes to the premium of your current policy to see if switching to a new carrier will save money. If you can save money and switch companies, make sure coverage does not lapse between policies.

The most important part of this process is that you use identical coverage information on each quote request and and to analyze as many companies as possible. Doing this enables an accurate price comparison and a complete price analysis.

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