Best Insurance for a Porsche 911 in Fort Wayne

Insurance quote for Porsche 911 in Fort WayneThe easiest way to get affordable Porsche 911 insurance is to start doing a yearly price comparison from providers in Fort Wayne. Price quotes can be compared by completing these steps.

  1. Gain an understanding of how your policy works and the measures you can control to prevent expensive coverage. Many things that increase rates such as tickets, at-fault accidents, and an unacceptable credit history can be improved by paying attention to minor details. Later in this article we will cover ideas to get lower rates and find overlooked discounts.
  2. Compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO and State Farm, while independent agents can give you price quotes from many different companies.
  3. Compare the new rates to the premium of your current policy to see if switching to a new carrier will save money. If you find a lower rate and make a switch, ensure coverage does not lapse between policies.
  4. Give notification to your current company to cancel your current car insurance policy. Submit the required down payment along with the signed application to the new company. As soon as coverage is bound, safely store the proof of insurance paperwork along with the vehicle’s registration papers.

An important part of this process is to make sure you enter the same liability limits and deductibles on each price quote and and to get rate quotes from every insurance company. This enables a fair rate comparison and a complete price analysis.

Amazingly, the vast majority of consumers renewed their policy with the same company for over three years, and 38% of customers have never taken the time to shop around. Most drivers in Indiana can save almost $700 each year just by getting comparison quotes, but most undervalue the amount of money they would save if they changed companies.

Choosing the best rates in Fort Wayne is not that difficult. If you have insurance now, you will definitely be able to save money using the techniques covered below. Nevertheless, Indiana vehicle owners do need to understand the way companies compete online and take advantage of how the system works.

Car insurance statistics for a Porsche 911

The premium table below highlights estimates of insurance prices for Porsche 911 models. Having knowledge of how insurance policy premiums are formulated is important to be able to make informed decisions.


Porsche 911 Insurance Rates in Fort Wayne, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
911 Carrera 2 2-Dr Coupe $196 $426 $286 $16 $86 $1,010 $84
911 Carrera 4 2-Dr Coupe $214 $426 $286 $16 $86 $1,028 $86
911 Carrera 2 Cabriolet 2-Dr Convertible $214 $426 $244 $14 $72 $970 $81
911 Carrera 2 S 2-Dr Coupe $214 $426 $286 $16 $86 $1,028 $86
911 Carrera 4 Cabriolet 2-Dr Convertible $214 $426 $244 $14 $72 $970 $81
911 Carrera 4S 2-Dr Coupe $214 $466 $286 $16 $86 $1,068 $89
911 Carrera Targa 2-Dr Coupe $214 $466 $286 $16 $86 $1,068 $89
911 Carrera 2 S 2-Dr Convertible $214 $466 $244 $14 $72 $1,010 $84
911 Carrera 4S Cabriolet 2-Dr Convertible $230 $426 $244 $14 $72 $986 $82
911 Carrera Targa S 2-Dr Coupe $230 $466 $286 $16 $86 $1,084 $90
911 GT3 2-Dr Coupe $230 $506 $286 $16 $86 $1,124 $94
911 GT3 RS 2-Dr Coupe $264 $546 $286 $16 $86 $1,198 $100
911 Turbo 2-Dr Coupe $264 $546 $286 $16 $86 $1,198 $100
911 Turbo 2-Dr Convertible $264 $586 $244 $14 $72 $1,180 $98
Get Your Own Custom Quote Go

Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Estimates do not factor in specific Fort Wayne garaging location which can alter premium rates considerably.

Policy deductibles

One of the most common car insurance questions is how high should your deductibles be. The premium rates below sum up the difference in cost between low and high physical damage deductibles. The first rate quote example uses a $250 deductible for comp and collision and the second price grid uses a $500 deductible.


Porsche 911 insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
911 Carrera 2 2-Dr Coupe $328 $692 $280 $16 $84 $1,425 $119
911 Carrera 4 2-Dr Coupe $356 $692 $280 $16 $84 $1,453 $121
911 Carrera 2 Cabriolet 2-Dr Convertible $356 $692 $238 $14 $72 $1,397 $116
911 Carrera 2 S 2-Dr Coupe $356 $692 $280 $16 $84 $1,453 $121
911 Carrera 4 Cabriolet 2-Dr Convertible $356 $692 $238 $14 $72 $1,397 $116
911 Carrera 4S 2-Dr Coupe $356 $756 $280 $16 $84 $1,517 $126
911 Carrera Targa 2-Dr Coupe $356 $756 $280 $16 $84 $1,517 $126
911 Carrera 2 S 2-Dr Convertible $356 $756 $238 $14 $72 $1,461 $122
911 Carrera 4S Cabriolet 2-Dr Convertible $384 $692 $238 $14 $72 $1,425 $119
911 Carrera Targa S 2-Dr Coupe $384 $756 $280 $16 $84 $1,545 $129
911 GT3 2-Dr Coupe $384 $822 $280 $16 $84 $1,611 $134
911 GT3 RS 2-Dr Coupe $440 $886 $280 $16 $84 $1,731 $144
911 Turbo 2-Dr Coupe $440 $886 $280 $16 $84 $1,731 $144
911 Turbo 2-Dr Convertible $440 $952 $238 $14 $72 $1,741 $145
Get Your Own Custom Quote Go

Porsche 911 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
911 Carrera 2 2-Dr Coupe $268 $558 $280 $16 $84 $1,206 $101
911 Carrera 4 2-Dr Coupe $290 $558 $280 $16 $84 $1,228 $102
911 Carrera 2 Cabriolet 2-Dr Convertible $290 $558 $238 $14 $72 $1,172 $98
911 Carrera 2 S 2-Dr Coupe $290 $558 $280 $16 $84 $1,228 $102
911 Carrera 4 Cabriolet 2-Dr Convertible $290 $558 $238 $14 $72 $1,172 $98
911 Carrera 4S 2-Dr Coupe $290 $610 $280 $16 $84 $1,280 $107
911 Carrera Targa 2-Dr Coupe $290 $610 $280 $16 $84 $1,280 $107
911 Carrera 2 S 2-Dr Convertible $290 $610 $238 $14 $72 $1,224 $102
911 Carrera 4S Cabriolet 2-Dr Convertible $312 $558 $238 $14 $72 $1,194 $100
911 Carrera Targa S 2-Dr Coupe $312 $610 $280 $16 $84 $1,302 $109
911 GT3 2-Dr Coupe $312 $662 $280 $16 $84 $1,354 $113
911 GT3 RS 2-Dr Coupe $358 $716 $280 $16 $84 $1,454 $121
911 Turbo 2-Dr Coupe $358 $716 $280 $16 $84 $1,454 $121
911 Turbo 2-Dr Convertible $358 $768 $238 $14 $72 $1,450 $121
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Premium costs do not factor in specific garaging location which can change coverage rates substantially.

Based on the above data, using a $250 deductible costs roughly $20 more each month or $240 for a full year than choosing the higher $500 deductible. Since you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to have more than 13 months between claim filings, you would save money if you choose a higher deductible.

Comparison of full coverage and liability-only policies

The illustration below shows the comparison of Porsche 911 insurance costs with and without full coverage. The data is based on no violations or accidents, $100 deductibles, marital status is single, and no discounts are factored in.

When to drop full coverage

There is no definitive formula to stop paying for physical damage insurance, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s say your Porsche 911 replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after paying your policy deductible. If premiums are more than $500 a year for physical damage coverage, then it might be time to consider dropping full coverage.

There are some conditions where buying only liability insurance is not financially feasible. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

Auto insurance policy coverages for a Porsche 911

Learning about specific coverages of a auto insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are the usual coverages found on most auto insurance policies.

Coverage for liability

Liability insurance protects you from damage or injury you incur to other people or property in an accident. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/10 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $10,000 of coverage for damaged property.

Liability insurance covers claims such as bail bonds, medical expenses and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford. Indiana state law requires minimum liability limits of 25/50/10 but you should think about purchasing more coverage.

The illustration below demonstrates why the minimum limit may not be high enough to cover claims.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for expenses such as funeral costs, pain medications, rehabilitation expenses, dental work and chiropractic care. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Comprehensive protection

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as damage from getting keyed, damage from flooding, theft and hitting a bird. The maximum amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision insurance

This coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things like backing into a parked car, colliding with another moving vehicle, sustaining damage from a pot hole and scraping a guard rail. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to increase the deductible on your 911 to save money on collision insurance.

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and damage to your Porsche 911.

Since a lot of drivers only purchase the least amount of liability that is required (25/50/10 in Indiana), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Persistence pays off

When shopping online for car insurance, it’s not a good idea to reduce coverage to reduce premium. There are a lot of situations where someone sacrificed full coverage and discovered at claim time that they should have had better coverage. Your goal is to find the BEST coverage at a price you can afford.

We covered many ideas to reduce Porsche 911 insurance rates online in Fort Wayne. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. Drivers may even discover the lowest rates come from an unexpected company. Some small companies may have significantly lower auto insurance rates on certain market segments than their larger competitors like Allstate, GEICO and Progressive.

Affordable Porsche 911 insurance in Fort Wayne can be sourced from both online companies and from local insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance companies don’t offer the ability to get a quote online and many times these regional insurance providers work with independent insurance agencies.

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