Compare Porsche Boxster Insurance Rate Quotes in Jacksonville

Insurance for Porsche BoxsterAre you tired of overpaying and want low-cost Porsche Boxster insurance in Jacksonville? Are you tired of sacrificing to keep your car insured? Your situation is no different than many other Florida drivers.

Astonishing but true according to a recent study, about 70% of customers have bought auto insurance from the same company for a minimum of four years, and approximately 38% of consumers have never compared quotes from other companies. Florida consumers could save approximately 55% every year just by getting comparison quotes, but they just don’t understand the amount of money they would save if they switched to a more affordable policy.

Due to the increasing number of choices for buying cheap insurance for a Porsche Boxster in Jacksonville, it can be hard to find the most affordable insurance company.

This article’s intent is to teach you a little about how insurance works and also save some money in the process If you already have coverage, you stand a good chance to be able to find better prices using this strategy. Although Florida vehicle owners can benefit by having an understanding of the methods companies use to determine prices and apply this information to your search.

Best companies for cheap Porsche Boxster insurance in Florida

The companies shown below have been selected to offer quotes in Jacksonville, FL. If several companies are displayed, it’s highly recommended you visit as many as you can to find the most competitive car insurance rates.

Rate information and statistics

The price information shown below covers a range of insurance premium costs for Porsche Boxster models. Being able to understand how insurance rates are determined can assist in making decisions on which insurance to purchase.

Porsche Boxster Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $348 $758 $400 $24 $120 $1,650 $138
Boxster S 2-Dr Convertible $384 $858 $400 $24 $120 $1,786 $149
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate quotes do not factor in specific zip code location which can modify prices significantly.

Deductible comparison

When shopping for car insurance, a common question is how high should the deductibles for physical damage be. The rates shown below may help to conceptualize the rate differences between low and high physical damage coverage deductibles. The first price estimate table uses a $250 deductible for comp and collision and the second pricing table uses a $500 deductible.

Porsche Boxster insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $406 $736 $354 $20 $106 $1,647 $137
Boxster S 2-Dr Convertible $446 $834 $354 $20 $106 $1,785 $149
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Porsche Boxster insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $330 $594 $354 $20 $106 $1,404 $117
Boxster S 2-Dr Convertible $364 $672 $354 $20 $106 $1,516 $126
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price estimates do not factor in specific Jacksonville garaging location which can decrease or increase premium rates noticeably.

Using the data above, we can ascertain that using a $250 deductible costs an average of $21 more each month or $252 every year than requesting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go more than 12 months between claims, you would save more money if you elect the higher deductible.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $143
Average monthly premium for $500 deductibles (subtract): – $122
Monthly savings from raising deductible: $21
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $21
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 12 months

The illustration below demonstrates how deductibles and can impact Porsche Boxster insurance premiums for each different age group. The price estimates are based on a married male driver, full coverage, and no discounts are applied to the premium.

Porsche Boxster insurance costs by age and gender

The example below visualizes the comparison of Porsche Boxster annual premium costs for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, full coverage, $500 deductibles, marital status is single, and no discounts are taken into consideration.

Full coverage versus liability-only in Jacksonville

The diagram below compares Porsche Boxster insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no claims or driving violations, $100 deductibles, marital status is single, and no discounts are factored in.

When to switch to liability coverage only

There is no set rule to drop comp and collision coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let’s assume your Porsche Boxster claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $2,000 after you pay the deductible. If premiums are more than $200 a year for physical damage coverage, then it may be the right time to buy liability only.

There are some cases where dropping full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.

How Insurers Determine Porsche Boxster Insurance Rates

Smart consumers have a good feel for a few of the rating criteria that aid in calculating auto insurance rates. If you understand what determines premiums, this enables informed choices that may result in lower premium levels.

Verify you’re receiving every discount

Auto insurance is not an enjoyable expense, but you might find some hidden discounts that you may not even be aware of. Some of these discounts will be visible when you purchase, but some must be inquired about before you will receive the discount.Cheaper auto insurance with discounts

Remember that most credits do not apply to the whole policy. Most only apply to specific coverage prices like collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, nobody gets a free ride. But any discount will cut the cost of your policy.

The example below shows the difference between Porsche Boxster auto insurance costs with and without discounts applied to the policy rates. The premium estimates are based on a male driver, no violations or claims, Florida state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-car, multi-policy, homeowner, and safe-driver discounts applied.

A few of the larger companies and the discounts they provide can be found below.

When getting a coverage quote, ask every insurance company to apply every possible discount. Some credits may not be offered in your area. To choose providers that offer discounts in Jacksonville, click here.

Car insurance quotes from neighborhood Jacksonville auto insurance agents

Many people just want to get advice from a local agent and we recommend doing that One of the best bonuses of comparing insurance prices online is you can get cheap car insurance quotes but also keep your business local. And providing support for neighborhood agents is still important in Jacksonville.

Insurance agents in JacksonvilleFor easy comparison, once you complete this simple form, your insurance data gets sent to local insurance agents in Jacksonville who will return price quotes for your coverage. You don’t have to leave your house as quotes are delivered immediately to you. You can find better rates AND a local agent. If for some reason you want to compare prices for a specific company, you would need to navigate to their website and complete a quote there.

Do you need an independent or exclusive auto insurance agent?

If you prefer to buy car insurance from a reliable insurance agency, it’s important to understand the different agency structures that differ in how they can insure your vehicles. Agencies in Jacksonville are considered either independent agents or exclusive agents depending on their employer.

Independent Car Insurance Agencies or Brokers

Independent agents are not employed by any specific company and that gives them the ability to insure with multiple insurance companies and find you cheaper rates. If prices rise, the business is moved internally and you stay with the same agent.

If you need lower rates, you need to check rates from a couple of independent agencies for the best price selection.

The following is a small list of independent agents in Jacksonville that may be able to give comparison quotes.

4828 Blanding Blvd Suite 1Jacksonville, FL 32210(904) 376-7200View Map

4114 Sunbeam Rd #101Jacksonville, FL 32257(904) 356-1492View Map

803 3rd St NJacksonville Beach, FL 32250(904) 247-5599View Map

More Jacksonville agents

Exclusive Agencies

Agents of this type write business for a single company such as Farmers Insurance and State Farm. These agents are not able to place coverage with different providers so they really need to provide good service. Exclusive insurance agents are well trained on their products and sales techniques which helps them sell insurance even at higher premiums.

Shown below is a short list of exclusive agencies in Jacksonville willing to provide rate quotes.

3267 Hodges Blvd #14Jacksonville, FL 32224(904) 221-1161View Map

3546 St Johns Bluff Rd S #109Jacksonville, FL 32224(904) 645-8880View Map

3041 Monument Rd #1Jacksonville, FL 32225(904) 642-2400View Map

More Jacksonville agents

Deciding on a car insurance agent requires more thought than just the premium amount. Below are some questions you should ask.

Final considerations

When buying insurance coverage, don’t be tempted to buy lower coverage limits just to save a few bucks. Too many times, an accident victim reduced liability limits or collision coverage only to regret that the savings was not a smart move. The ultimate goal is to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

Lower-priced car insurance in Jacksonville is definitely available online in addition to local insurance agencies, and you need to price shop both to have the best rate selection. There are still a few companies who may not provide online price quotes and these regional insurance providers work with independent insurance agencies.

Steps to finding cheaper Porsche Boxster insurance in Jacksonville

If you want to find the absolute lowest rates, then the best way to save on Porsche Boxster insurance is to start comparing prices yearly from providers who can sell car insurance in Jacksonville.

First, gain an understanding of how companies set rates and the measures you can control to prevent rate increases. Many risk factors that drive up the price like at-fault accidents, speeding tickets, and a negative credit history can be improved by making lifestyle changes or driving safer.

Second, compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Farmers Insurance, while agents who are independent can quote prices from multiple companies. Begin your rate comparison

Third, compare the new rate quotes to your existing rates and determine if cheaper Boxster coverage is available in Jacksonville. If you find better rates and make a switch, make sure coverage is continuous and does not lapse.

Fourth, notify your company or agent of your intention to cancel your existing policy and submit the application along with any required down payment to your new company or agent. Be sure to put the new certificate of insurance in an easily accessible location in your vehicle.

The key thing to know about shopping around is that you’ll want to compare the same physical damage deductibles and liability limits on each quote and and to look at as many carriers as you can. Doing this guarantees a level playing field and the most accurate and complete price analysis.

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