If you want to save the most money, the best way to get budget auto insurance rates is to start comparing prices regularly from providers who sell insurance in Tampa.
Step 1: Read about how insurance works and the factors you can control to prevent expensive coverage. Many rating factors that increase rates like traffic tickets, fender benders, and poor credit history can be controlled by making lifestyle changes or driving safer.
Step 2: Get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO or State Farm, while independent agencies can quote rates from multiple insurance companies. Compare rates
Step 3: Compare the quotes to the premium of your current policy and determine if there is any savings. If you find a lower rate quote and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Notify your current company of your intent to cancel your existing policy and submit payment and a signed application to your new carrier. As soon as coverage is bound, store the proof of insurance paperwork in an easily accessible location in your vehicle.
An essential thing to point out is to try to compare identical limits and deductibles on each quote request and and to compare as many companies as you can. This helps ensure an apples-to-apples comparison and a good representation of prices.
We don’t have to tell you that insurance companies don’t want you shop around. Drivers who shop around for cheaper price quotes are likely to switch companies because there is a high probability of finding coverage at a cheaper rate. A recent survey discovered that drivers who did price comparisons regularly saved an average of $3,450 over four years compared to those who never shopped around for better prices.
If saving the most money on Porsche 911 insurance in Tampa is your target objective, knowing the best way to quote and compare insurance rates can make it easier to shop your coverage around.
The purpose of this article is to tell you the best ways to compare prices. If you are already insured, you stand a good chance to be able to reduce premiums using this information. Although Florida car owners must understand how the larger insurance companies determine prices and apply this information to your search.
You Can Change Your Insurance Premiums
Part of the car insurance buying process is learning the rating factors that go into determining car insurance rates. If you have a feel for what controls the rates you pay, this enables you to make decisions that may result in much lower annual insurance costs. Lots of factors are used in the calculation when pricing auto insurance. Some are pretty understandable such as your driving record, but some are not as apparent like where you live or your vehicle rating.
The itemized list below are some of the major factors car insurance companies consider when setting your premiums.
- Your liability insurance limits – A critical coverage on your policy, liability insurance is the protection if ever you are determined to be liable for physical damage or personal injury to other. Your liability coverage provides for a legal defense which can cost a lot. It is affordable coverage compared to insuring for physical damage coverage, so drivers should carry high limits.
-
Teen drivers pay higher costs – Drivers with little experience are proven to be inattentive when driving with friends and because of this, their car insurance rates are much higher. Older people are more responsible, cause fewer claims and accidents, and receive fewer citations.
The next chart uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.
- Frequent policy claims increase rates – If you file a lot of claims don’t be surprised to see much higher rates or policy non-renewal. Auto insurance companies in Florida award cheaper rates to insureds who are claim-free. Auto insurance is intended for more catastrophic claims.
- Extra policy coverages can cost a lot – Insurance policies have a lot of extra add-on coverages you can purchase but may not be useful. Add-on coverages like vanishing deductibles, death and dismemberment, and term life insurance are probably not needed. They may sound like good ideas at first, but if you’ve never needed them in the past get rid of them and save.
-
Loss probability for a Porsche 911 – Insurance companies use data from past claims to determine a rate that will be profitable for them. Models that the statistics show to have higher loss trends will have higher premium rates. The table below demonstrates the insurance loss data used by companies for Porsche 911 vehicles.
For each coverage type, the loss probability for all vehicles combined as an average is considered to be 100. Numbers under 100 suggest losses that are better than average, while percentage numbers above 100 indicate frequent claims or tendency to have larger claims.
Porsche 911 Insurance Claim Statistics Specific Porsche Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Porsche 911 Carrera 2dr 191 47 173 24 Porsche 911 Carrera Convertible 197 51 224 36 Porsche 911 Turbo 2dr 4WD 349 367 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
How to get the cheapest Porsche 911 insurance in Tampa, Florida
Many insurance companies such as Allstate, GEICO and Progressive allow you to get insurance quotes directly from their websites. Getting online quotes for Porsche 911 insurance in Tampa is quite simple as all you need to do is type in the amount of coverage you want into the quote form. Behind the scenes, the quote system will order reports for credit and driving violations and quotes a price. This simplifies rate comparisons, and it’s very important to perform this step if you want to get cheap prices.
If you want to get comparison pricing now, check out the auto insurance providers below. If you have coverage now, it’s recommended you complete the form with your coverages as shown on your current policy. Doing this assures you will be getting rate comparison quotes using the same coverage and limits.
The providers in the list below provide price comparisons in Florida. To find cheap car insurance in Florida, we suggest you visit several of them to get a more complete price comparison.
Coverage information
The price information below covers estimates of insurance rates for Porsche 911 models. Having a good grasp of how auto insurance policy rates are formulated can be useful when making smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $528 | $1202 | $426 | $26 | $128 | $2,310 | $193 |
| 911 Carrera 4 2-Dr Coupe | $572 | $1202 | $426 | $26 | $128 | $2,354 | $196 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $572 | $1202 | $362 | $22 | $108 | $2,266 | $189 |
| 911 Carrera 2 S 2-Dr Coupe | $572 | $1202 | $426 | $26 | $128 | $2,354 | $196 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $572 | $1202 | $362 | $22 | $108 | $2,266 | $189 |
| 911 Carrera 4S 2-Dr Coupe | $572 | $1314 | $426 | $26 | $128 | $2,466 | $206 |
| 911 Carrera Targa 2-Dr Coupe | $572 | $1314 | $426 | $26 | $128 | $2,466 | $206 |
| 911 Carrera 2 S 2-Dr Convertible | $572 | $1314 | $362 | $22 | $108 | $2,378 | $198 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $618 | $1202 | $362 | $22 | $108 | $2,312 | $193 |
| 911 Carrera Targa S 2-Dr Coupe | $618 | $1314 | $426 | $26 | $128 | $2,512 | $209 |
| 911 GT3 2-Dr Coupe | $618 | $1428 | $426 | $26 | $128 | $2,626 | $219 |
| 911 GT3 RS 2-Dr Coupe | $706 | $1542 | $426 | $26 | $128 | $2,828 | $236 |
| 911 Turbo 2-Dr Coupe | $706 | $1542 | $426 | $26 | $128 | $2,828 | $236 |
| 911 Turbo 2-Dr Convertible | $706 | $1654 | $362 | $22 | $108 | $2,852 | $238 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium costs do not factor in vehicle garaging location which can modify coverage prices considerably.
Rate comparison for different deductibles
One of the most common auto insurance questions is how high or low should comp and collision deductibles be. The tables below help summarize the costs and benefits of buying low and high policy deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $544 | $1226 | $418 | $24 | $124 | $2,361 | $197 |
| 911 Carrera 4 2-Dr Coupe | $590 | $1226 | $418 | $24 | $124 | $2,407 | $201 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $590 | $1226 | $354 | $20 | $106 | $2,321 | $193 |
| 911 Carrera 2 S 2-Dr Coupe | $590 | $1226 | $418 | $24 | $124 | $2,407 | $201 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $590 | $1226 | $354 | $20 | $106 | $2,321 | $193 |
| 911 Carrera 4S 2-Dr Coupe | $590 | $1342 | $418 | $24 | $124 | $2,523 | $210 |
| 911 Carrera Targa 2-Dr Coupe | $590 | $1342 | $418 | $24 | $124 | $2,523 | $210 |
| 911 Carrera 2 S 2-Dr Convertible | $590 | $1342 | $354 | $20 | $106 | $2,437 | $203 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $636 | $1226 | $354 | $20 | $106 | $2,367 | $197 |
| 911 Carrera Targa S 2-Dr Coupe | $636 | $1342 | $418 | $24 | $124 | $2,569 | $214 |
| 911 GT3 2-Dr Coupe | $636 | $1458 | $418 | $24 | $124 | $2,685 | $224 |
| 911 GT3 RS 2-Dr Coupe | $728 | $1572 | $418 | $24 | $124 | $2,891 | $241 |
| 911 Turbo 2-Dr Coupe | $728 | $1572 | $418 | $24 | $124 | $2,891 | $241 |
| 911 Turbo 2-Dr Convertible | $728 | $1688 | $354 | $20 | $106 | $2,921 | $243 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $396 | $828 | $418 | $24 | $124 | $1,790 | $149 |
| 911 Carrera 4 2-Dr Coupe | $430 | $828 | $418 | $24 | $124 | $1,824 | $152 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $430 | $828 | $354 | $20 | $106 | $1,738 | $145 |
| 911 Carrera 2 S 2-Dr Coupe | $430 | $828 | $418 | $24 | $124 | $1,824 | $152 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $430 | $828 | $354 | $20 | $106 | $1,738 | $145 |
| 911 Carrera 4S 2-Dr Coupe | $430 | $906 | $418 | $24 | $124 | $1,902 | $159 |
| 911 Carrera Targa 2-Dr Coupe | $430 | $906 | $418 | $24 | $124 | $1,902 | $159 |
| 911 Carrera 2 S 2-Dr Convertible | $430 | $906 | $354 | $20 | $106 | $1,816 | $151 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $464 | $828 | $354 | $20 | $106 | $1,772 | $148 |
| 911 Carrera Targa S 2-Dr Coupe | $464 | $906 | $418 | $24 | $124 | $1,936 | $161 |
| 911 GT3 2-Dr Coupe | $464 | $984 | $418 | $24 | $124 | $2,014 | $168 |
| 911 GT3 RS 2-Dr Coupe | $532 | $1062 | $418 | $24 | $124 | $2,160 | $180 |
| 911 Turbo 2-Dr Coupe | $532 | $1062 | $418 | $24 | $124 | $2,160 | $180 |
| 911 Turbo 2-Dr Convertible | $532 | $1140 | $354 | $20 | $106 | $2,152 | $179 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Premium costs do not factor in specific location which can affect prices greatly.
Based on this data, using a $100 deductible costs roughly $53 more each month or $636 annually than choosing the higher $500 deductible. Since you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at a minimum 8 months between claims, you would most likely save money by selecting a higher deductible.
How careless driving impacts auto insurance rates
The diagram below illustrates how traffic citations and accidents increase Porsche 911 car insurance costs for each different age group. The rate quotes are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
Porsche 911 insurance premiums by gender and age
The diagram below visualizes the comparison of Porsche 911 insurance costs for male and female drivers. The costs are based on no accidents, no driving violations, full physical damage coverage, $100 deductibles, marital status is single, and no discounts are taken into consideration.
Should you buy full coverage?
The chart below shows the comparison of Porsche 911 insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no claims or driving violations, $1,000 deductibles, single status, and no other discounts are factored in.
When to stop buying full coverage
There is no exact formula of when to drop physical damage coverage, but there is a general guideline. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your Porsche 911 settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after the deductible is paid. If premium cost is more than $600 annually for your policy with full coverage, then you may need to consider dropping full coverage.
There are some conditions where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.
Why car insurance is not optional
Despite the fact that car insurance is not cheap in Tampa, insurance is a good idea for several reasons.
- Almost all states have mandatory liability insurance requirements which means state laws require a minimum amount of liability protection in order to be legal. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your 911 has a loan, most lenders will have a requirement that you carry insurance to guarantee loan repayment. If you default on your policy, the bank may insure your Porsche at a much higher premium rate and require you to fork over a much higher amount than you were paying before.
- Insurance safeguards both your Porsche 911 and your assets. Insurance will pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of insuring your 911 definitely exceed the price paid, especially with large liability claims. The average driver in Florida is wasting up to $850 per year so compare rate quotes at least once a year to ensure rates are competitive.
Lower rate quotes on Porsche 911 insurance in Tampa with these auto insurance discounts
Not many people think insurance is cheap, but companies offer discounts that many people don’t even know exist. Some discounts will apply when you purchase, but lesser-known reductions have to be specially asked for before you get the savings.
- Anti-theft System – Anti-theft and alarm system equipped vehicles prevent vehicle theft and that can save you a little bit as well.
- Discount for Passive Restraints – Factory options such as air bags or automatic seat belts may qualify for discounts up to 30%.
- Claim-Free Discount – Good drivers with no accidents pay much less as compared to frequent claim filers.
- Save with a New Car – Buying auto insurance coverage on a new vehicle can be considerably cheaper since new vehicles have better safety ratings.
- Accident Waiver – This one is not really a discount per se, but companies like GEICO, Allstate and Liberty Mutual may permit one accident without the usual rate increase so long as you are claim-free prior to the accident.
Don’t be shocked that many deductions do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like you could get a free auto insurance policy, that’s just not realistic. But all discounts should help reduce your premiums.
The illustration below shows the comparison of Porsche 911 auto insurance costs with and without some available policy discounts. The data assumes a male driver, a clean driving record, no claims, Florida state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, safe-driver, claim-free, multi-policy, and marriage discounts applied.
If you would like to see a list of auto insurance companies who offer free Porsche 911 insurance quotes in Florida, follow this link.
When to contact an insurance agent
A small number of people just prefer to go talk to an agent and that is OK! One of the best bonuses of comparing rate quotes online is you may find cheaper premium rates but still work with a licensed agent. Buying insurance from small agencies is important especially in Tampa.
After completing this short form, your information is sent to participating agents in Tampa that give free quotes and help you find cheaper coverage. There is no need to even leave your home as quotes are delivered to the email address you provide. You can find better rates and an insurance agent to talk to. In the event you want to compare rates from a particular provider, you can always visit that company’s website and fill out the quote form the provide.
When narrowing the list to find a reliable insurance agency, it’s important to understand the different types of agents and how they work. Auto insurance agents can be classified as either independent or exclusive depending on the company they work for.
Independent Agencies or Brokers
Agents of this type are not required to write business for one company so they can insure your vehicles with multiple insurance companies and get the cheapest rates. If your agent finds better pricing, they can switch companies in-house and you don’t have to switch agencies. If you are comparing auto insurance prices, you absolutely need to compare quotes from independent agents to get the best comparison.
The following is a small list of independent insurance agents in Tampa that may be able to provide pricing information.
Florida Commercial Insurance
4915 W Cypress St – Tampa, FL 33607 – (813) 262-2303 – View Map
Global FIS – A Full Service Independant Insurance Agency
8710 W Hillsborough Ave #201 – Tampa, FL 33615 – (813) 343-0844 – View Map
Adcock-Adcock Insurance Agency
315 W Fletcher Ave – Tampa, FL 33612 – (813) 933-6691 – View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive can only provide one company’s prices such as Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot shop your coverage around so you need to shop around if the rates are high. Exclusive agents are well trained on their company’s products and that can be a competitive advantage.
Shown below are Tampa exclusive insurance agents willing to provide comparison quotes.
Joyce Coleman – State Farm Insurance Agent
8221 Parkedge Dr – Tampa, FL 33637 – (813) 975-1866 – View Map
Allstate Insurance: Dave Sangar
208 E Bearss Ave – Tampa, FL 33613 – (813) 877-5506 – View Map
Lang Adams – State Farm Insurance Agent
5051 Memorial Hwy – Tampa, FL 33634 – (813) 243-1300 – View Map
Finding a good insurance agency needs to be determined by more than just a low price. These are some questions you should get answers to.
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Will your rates increase after a single accident?
- Who are their largest clients?
- Who is covered by the car insurance policy?
- How would your car be valued if totaled?
Do I just need basic coverages?
When selecting coverage, there really isn’t a “best” method to buy coverage. Your needs are unique to you.
Here are some questions about coverages that can aid in determining whether your personal situation may require specific advice.
- Does my personal policy cover me when driving out-of-state?
- Can good grades get a discount?
- What can I do if my company denied a claim?
- Is my trailer covered?
- Are split liability limits better than a combined single limit?
- Is pet coverage available?
- Should I buy additional glass protection?
If you’re not sure about those questions, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form.
Shop around and save
Lower-priced Porsche 911 insurance in Tampa can be sourced online and from local agencies, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies do not offer online price quotes and many times these regional carriers work with independent agents.
As you go through the steps to switch your coverage, do not skimp on coverage in order to save money. In too many instances, an accident victim reduced physical damage coverage and discovered at claim time they didn’t have enough coverage. Your objective should be to purchase plenty of coverage at the best cost, not the least amount of coverage.
We covered quite a bit of information on how to compare Porsche 911 insurance rates in Tampa. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with the smaller companies.
Helpful resources
- Electronic Stability Control FAQ (iihs.org)
- Who Has the Cheapest Auto Insurance Quotes for a Chevrolet Silverado in Tampa? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Drivers Over Age 60 in Tampa? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for a Toyota Highlander in Tampa? (FAQ)
- Who Has Affordable Auto Insurance for Unemployed Drivers in Tampa? (FAQ)
- What Insurance is Cheapest for High Mileage Drivers in Tampa? (FAQ)
- Senior Drivers (Insurance Information Institute)
- Vehicle Size and Weight FAQ (iihs.org)