Car Insurance Rate Quotes for a Porsche Cayenne in Louisville

Insurance quote for Porsche Cayenne in LouisvilleThe most effective way to get discount Porsche Cayenne insurance is to compare quotes once a year from providers who sell auto insurance in Louisville. Rate comparisons can be done by following these guidelines.

  1. Try to comprehend how insurance companies determine prices and the measures you can control to prevent expensive coverage. Many rating factors that result in higher rates like at-fault accidents and your credit history can be remedied by making minor changes in your lifestyle.
  2. Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Allstate, while independent agents can provide prices for a wide range of companies.
  3. Compare the new quotes to your current policy premium and see if there is a cheaper rate. If you find a lower rate and buy the policy, ensure coverage does not lapse between policies.
  4. Provide proper notification to your current company to cancel the current policy and submit a down payment along with a signed application to your new carrier. Immediately put the certificate verifying coverage above your visor, in the console, or in the glove compartment.

The most important part of shopping around is that you’ll want to compare similar limits and deductibles on every price quote and and to get prices from as many car insurance companies as possible. This enables an accurate price comparison and a complete rate analysis.

It’s an obvious conclusion that insurance companies want to keep your business as long as possible. Consumers who compare price quotes will probably buy a different policy because they have a good chance of finding more affordable rates. Surprisingly, a recent survey revealed that people who make a habit of shopping around saved on average $865 a year compared to people who never shopped around.

If finding budget-friendly Porsche Cayenne insurance is your objective, then having some knowledge of how to get rate quotes and compare auto insurance can save time and money.

Affordable Louisville Porsche Cayenne insurance

The providers in the list below provide comparison quotes in Kentucky. To buy the cheapest auto insurance in Louisville, we suggest you visit as many as you can to get the best price comparison.

Porsche Cayenne insurance rates and statistics

The premium information below highlights different coverage prices for Porsche Cayenne models. Having knowledge of how insurance rates are formulated can assist in making decisions when shopping around.

Porsche Cayenne Insurance Rates in Louisville, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayenne $398 $576 $428 $26 $128 $1,556 $130
Cayenne S $436 $652 $428 $26 $128 $1,670 $139
Cayenne GTS $436 $728 $428 $26 $128 $1,746 $146
Cayenne S Transyberia $436 $728 $428 $26 $128 $1,746 $146
Cayenne GTS PD Edition 3 $472 $804 $428 $26 $128 $1,858 $155
Cayenne Turbo $510 $804 $428 $26 $128 $1,896 $158
Cayenne Turbo S $584 $956 $428 $26 $128 $2,122 $177
Get Your Own Custom Quote Go

Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rate information does not factor in specific garaging location which can affect premium rates greatly.

Can higher deductibles save money?

One common question asked by Louisville drivers is how high or low should comp and collision deductibles be. The comparison tables below can help you understand the differences in premium rates when you choose different policy deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.

Porsche Cayenne insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayenne $390 $688 $326 $20 $98 $1,547 $129
Cayenne S $426 $778 $326 $20 $98 $1,673 $139
Cayenne GTS $426 $870 $326 $20 $98 $1,765 $147
Cayenne S Transyberia $426 $870 $326 $20 $98 $1,765 $147
Cayenne GTS PD Edition 3 $462 $960 $326 $20 $98 $1,891 $158
Cayenne Turbo $498 $960 $326 $20 $98 $1,927 $161
Cayenne Turbo S $570 $1140 $326 $20 $98 $2,179 $182
Get Your Own Custom Quote Go

Porsche Cayenne insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayenne $216 $362 $326 $20 $98 $1,022 $85
Cayenne S $236 $410 $326 $20 $98 $1,090 $91
Cayenne GTS $236 $458 $326 $20 $98 $1,138 $95
Cayenne S Transyberia $236 $458 $326 $20 $98 $1,138 $95
Cayenne GTS PD Edition 3 $256 $506 $326 $20 $98 $1,206 $101
Cayenne Turbo $276 $506 $326 $20 $98 $1,226 $102
Cayenne Turbo S $316 $602 $326 $20 $98 $1,362 $114
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Prices do not factor in specific location which can raise or lower auto insurance rates noticeably.

Using the data above, we can ascertain that using a $100 deductible will cost you about $54 more each month or $648 annually than choosing the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 17 months between claim filings, you would probably be better off if you opt for a higher deductible.

The chart below highlights how deductible selection and can impact Porsche Cayenne insurance premiums for each different age category. The rate quotes are based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.

Rate comparison of men versus women in Louisville

The diagram below shows the comparison of Porsche Cayenne insurance costs for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, full coverage, $500 deductibles, single status, and no discounts are taken into consideration.

Three reasons to insure your Cayenne

Even though Louisville Cayenne insurance rates can get expensive, maintaining insurance is not optional due to several reasons.

First, the majority of states have compulsory liability insurance requirements which means the state requires specific limits of liability coverage in order to be legal. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your vehicle has a loan, more than likely the lender will make it mandatory that you carry insurance to guarantee loan repayment. If you default on your policy, the bank will be required to insure your Porsche for a lot more money and force you to reimburse them the higher premium.

Third, insurance protects both your assets and your car. It will also reimburse you for medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, your policy will cover the repair costs.

The benefits of buying insurance are definitely more than the cost, especially if you ever need it. In a recent study of 1,000 drivers, the average customer is overpaying over $825 a year so it’s very important to do a rate comparison every year to save money.

Why Your Insurance Costs might be higher

Lots of things are considered when you get a price on insurance. Some are obvious such as your driving history, but other factors are not as apparent like your vehicle usage or your commute time.

Cheaper prices with safer cars – Safer cars tend to have better insurance rates. Safe vehicles have better occupant injury protection and any reduction in injury severity means your insurance company pays less and lower rates for you.

Don’t get traffic citations – Your driving record can have a huge impact on auto insurance premiums. Drivers with clean records receive lower rates compared to drivers with tickets. Having a single speeding ticket or other violation may increase your cost by as much as thirty percent. Drivers who get license-revoking violations such as hit and run, DWI or reckless driving convictions may need to complete a SR-22 with their state’s licensing department in order to legally drive a vehicle.

The example below illustrates how traffic citations and accidents impact Porsche Cayenne insurance premiums for different insured age categories. The prices are based on a single male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

More stress means more cost – Jobs such as lawyers, police officers, and miners usually pay higher premiums than the average policyholder due to intense work-related stress and lengthy work days. On the flip side, careers such as professors, athletes and homemakers generally pay rates lower than average.

Consider raising comp and collision deductibles – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. Some coverage claims would be colliding with a building, damage from fire, and having your car stolen. Comp and collision deductibles are the amount of money you are required to spend out-of-pocket if the claim is covered. The more expense you pay before a claim is paid (deductible), the better rate you will receive.

Porsche Cayenne insurance loss statistics – Insurers use statistical claims data when they calculate premium prices for each model. Vehicles that historically have higher losses will have increased rates.

The table below demonstrates the actual insurance loss data for Porsche Cayenne vehicles. For each type of coverage, the claim amount for all vehicles averaged together is equal to 100. Values that are 100 or less mean the vehicle has better than average losses, while numbers above 100 show a trend for more claims or an increased chance of larger losses than average.

Car Insurance Loss Data for Porsche Cayenne Models
Specific Porsche 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

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

Quote. Compare. Save.

A few companies do not provide rates over the internet and many times these regional carriers work with local independent agencies. Cheaper car insurance in Louisville is definitely available both online and also from your neighborhood Louisville agents, and you should compare rates from both in order to have the best price selection to choose from.

As you quote Louisville auto insurance, it’s not a good idea to skimp on coverage in order to save money. Too many times, someone dropped liability coverage limits to discover at claim time that it was a big mistake. Your aim should be to get the best coverage possible at an affordable rate while not skimping on critical coverages.

People leave their current company for a variety of reasons including unfair underwriting practices, an unsatisfactory settlement offer, high prices and policy cancellation. No matter why you want to switch, choosing a new company is pretty easy and you might even save some money in the process.

Additional articles