It takes a little time, but the best way to get more affordable car insurance rates is to start doing a yearly price comparison from insurance carriers in Raleigh. Drivers can shop around by completing these steps.
- First, gain an understanding of how insurance works and the modifications you can make to keep rates low. Many factors that cause high rates such as high-risk driving behaviors and a not-so-good credit rating can be improved by making minor changes to your lifestyle.
- Second, get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from a single company like GEICO or Allstate, while independent agents can provide prices from many different companies. Select a company
- Third, compare the new quotes to the premium of your current policy to determine if switching companies saves money. If you find better rates and decide to switch, verify that coverage does not lapse between policies.
- Fourth, tell your current agent or company to cancel your current coverage. Submit a signed application and payment to your new company or agent. Immediately keep the new proof of insurance paperwork in your glove compartment.
One important bit of advice is to make sure you enter similar deductibles and liability limits on every quote and and to get prices from as many different companies as possible. This guarantees the most accurate price comparison and a good representation of prices.
It’s a known fact that insurance companies don’t want you to compare rates. People who shop around for the cheapest price will, in all likelihood, buy a different policy because they stand a good chance of getting low-cost coverage. A recent survey revealed that consumers who compared rate quotes regularly saved over $850 each year compared to people who never shopped around for lower prices.
If finding the best rates on auto insurance is why you’re reading this, then having a grasp of how to find companies and compare insurance premiums can help you be more efficient.
Best companies for Porsche 911 insurance
The companies in the list below provide free quotes in Raleigh, NC. To locate cheap car insurance in North Carolina, we recommend you get rates from several of them in order to get a fair rate comparison.
Porsche 911 insurance rates and statistics
The rate table shown below outlines estimates of coverage prices for Porsche 911 models. Understanding more about how insurance quotes are figured can help customers make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $236 | $494 | $250 | $14 | $74 | $1,068 | $89 |
| 911 Carrera 4 2-Dr Coupe | $258 | $494 | $250 | $14 | $74 | $1,090 | $91 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $258 | $494 | $212 | $12 | $64 | $1,040 | $87 |
| 911 Carrera 2 S 2-Dr Coupe | $258 | $494 | $250 | $14 | $74 | $1,090 | $91 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $258 | $494 | $212 | $12 | $64 | $1,040 | $87 |
| 911 Carrera 4S 2-Dr Coupe | $258 | $542 | $250 | $14 | $74 | $1,138 | $95 |
| 911 Carrera Targa 2-Dr Coupe | $258 | $542 | $250 | $14 | $74 | $1,138 | $95 |
| 911 Carrera 2 S 2-Dr Convertible | $258 | $542 | $212 | $12 | $64 | $1,088 | $91 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $278 | $494 | $212 | $12 | $64 | $1,060 | $88 |
| 911 Carrera Targa S 2-Dr Coupe | $278 | $542 | $250 | $14 | $74 | $1,158 | $97 |
| 911 GT3 2-Dr Coupe | $278 | $588 | $250 | $14 | $74 | $1,204 | $100 |
| 911 GT3 RS 2-Dr Coupe | $318 | $634 | $250 | $14 | $74 | $1,290 | $108 |
| 911 Turbo 2-Dr Coupe | $318 | $634 | $250 | $14 | $74 | $1,290 | $108 |
| 911 Turbo 2-Dr Convertible | $318 | $680 | $212 | $12 | $64 | $1,286 | $107 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rate quotes do not factor in specific Raleigh garaging location which can impact price quotes substantially.
Policy deductibles
When shopping for insurance, a common question is which deductibles should you choose. The comparisons below outline the costs and benefits when you select higher and lower deductibles. The first table uses a $250 comprehensive and collision deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $292 | $614 | $250 | $14 | $74 | $1,269 | $106 |
| 911 Carrera 4 2-Dr Coupe | $316 | $614 | $250 | $14 | $74 | $1,293 | $108 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $316 | $614 | $212 | $12 | $64 | $1,243 | $104 |
| 911 Carrera 2 S 2-Dr Coupe | $316 | $614 | $250 | $14 | $74 | $1,293 | $108 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $316 | $614 | $212 | $12 | $64 | $1,243 | $104 |
| 911 Carrera 4S 2-Dr Coupe | $316 | $670 | $250 | $14 | $74 | $1,349 | $112 |
| 911 Carrera Targa 2-Dr Coupe | $316 | $670 | $250 | $14 | $74 | $1,349 | $112 |
| 911 Carrera 2 S 2-Dr Convertible | $316 | $670 | $212 | $12 | $64 | $1,299 | $108 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $340 | $614 | $212 | $12 | $64 | $1,267 | $106 |
| 911 Carrera Targa S 2-Dr Coupe | $340 | $670 | $250 | $14 | $74 | $1,373 | $114 |
| 911 GT3 2-Dr Coupe | $340 | $728 | $250 | $14 | $74 | $1,431 | $119 |
| 911 GT3 RS 2-Dr Coupe | $390 | $786 | $250 | $14 | $74 | $1,539 | $128 |
| 911 Turbo 2-Dr Coupe | $390 | $786 | $250 | $14 | $74 | $1,539 | $128 |
| 911 Turbo 2-Dr Convertible | $390 | $844 | $212 | $12 | $64 | $1,547 | $129 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $236 | $494 | $250 | $14 | $74 | $1,068 | $89 |
| 911 Carrera 4 2-Dr Coupe | $258 | $494 | $250 | $14 | $74 | $1,090 | $91 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $258 | $494 | $212 | $12 | $64 | $1,040 | $87 |
| 911 Carrera 2 S 2-Dr Coupe | $258 | $494 | $250 | $14 | $74 | $1,090 | $91 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $258 | $494 | $212 | $12 | $64 | $1,040 | $87 |
| 911 Carrera 4S 2-Dr Coupe | $258 | $542 | $250 | $14 | $74 | $1,138 | $95 |
| 911 Carrera Targa 2-Dr Coupe | $258 | $542 | $250 | $14 | $74 | $1,138 | $95 |
| 911 Carrera 2 S 2-Dr Convertible | $258 | $542 | $212 | $12 | $64 | $1,088 | $91 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $278 | $494 | $212 | $12 | $64 | $1,060 | $88 |
| 911 Carrera Targa S 2-Dr Coupe | $278 | $542 | $250 | $14 | $74 | $1,158 | $97 |
| 911 GT3 2-Dr Coupe | $278 | $588 | $250 | $14 | $74 | $1,204 | $100 |
| 911 GT3 RS 2-Dr Coupe | $318 | $634 | $250 | $14 | $74 | $1,290 | $108 |
| 911 Turbo 2-Dr Coupe | $318 | $634 | $250 | $14 | $74 | $1,290 | $108 |
| 911 Turbo 2-Dr Convertible | $318 | $680 | $212 | $12 | $64 | $1,286 | $107 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Prices do not factor in your specific Raleigh location which can modify insurance rates substantially.
Based on the data above, we can derive that using a $250 deductible costs approximately $18 more each month or $216 annually averaged for all 911 models than buying the higher $500 deductible. Since you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you usually have at a minimum 14 months between claim filings, you would come out ahead if you choose a higher deductible.
Calculate savings of higher deductibles
| Average monthly premium for $250 deductibles: | $113 |
| Average monthly premium for $500 deductibles (subtract): | – $95 |
| Monthly savings from raising deductible: | $18 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $18 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
The diagram below illustrates how your choice of deductibles and can impact Porsche 911 insurance rates for different age groups. The data is based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.
Gender differences in insurance premiums
The chart below compares Porsche 911 insurance prices for male and female drivers. The prices are based on a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, single marital status, and no discounts are applied.
How much more does full coverage cost in Raleigh?
The illustration below shows the comparison of Porsche 911 insurance rates with and without physical damage coverage. The information is based on no claims or driving violations, $500 deductibles, single status, and no policy discounts are applied.
When to drop comprehensive and collision coverage
There is no set rule to exclude physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let’s assume your Porsche 911 replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after paying your deductible. If it’s costing in excess of $700 a year for physical damage coverage, then it might be time to consider dropping full coverage.
There are some circumstances where eliminating full coverage is not recommended. If you haven’t paid off your loan, you have to carry full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.
Get discounts to get affordable Raleigh car insurance rates
Companies do not advertise every policy discount very well, so we break down a few of the more well known as well as some of the hidden ways to save on car insurance.
- Discounts for New Vehicles – Buying a new car model can cost up to 25% less because newer models are generally safer.
- Include Life Insurance and Save – Select car insurance companies reward you with a lower premium rate if you buy auto and life insurance together.
- Discount for Low Mileage – Fewer annual miles on your Porsche can earn lower car insurance rates on the low mileage vehicles.
- Air Bag Discount – Vehicles equipped with air bags or automatic seat belts may earn rate discounts as much as 30%.
- Telematics Devices – Insureds who allow their insurance company to spy on driving habits by installing a telematics device such as State Farm’s In-Drive might see lower rates if they show good driving skills.
- Military Rewards – Having an actively deployed family member can result in better prices.
- Responsible Driver Discount – Drivers without accidents may save up to 50% more compared to rates paid by drivers with frequent claims.
- Government Employees – Active or retired federal employment can save as much as 8% but check with your company.
- Student Driver Training – Require your teen driver to take driver’s ed class in school.
Drivers should understand that most discounts do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like all the discounts add up to a free policy, you aren’t that lucky. Any amount of discount should definitely cut the premium cost.
The information below visualizes the comparison of Porsche 911 insurance rates with and without some available policy discounts. Data assumes a female driver, no claims or driving citations, North Carolina state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, homeowner, multi-policy, safe-driver, and multi-car discounts applied.
Companies and a partial list of their discounts are shown below.
- Progressive may offer discounts for good student, online quote discount, continuous coverage, homeowner, and online signing.
- MetLife includes discounts for claim-free, good driver, accident-free, multi-policy, defensive driver, and good student.
- Mercury Insurance has discounts for multi-policy, accident-free, good driver, anti-theft, location of vehicle, and professional/association.
- Nationwide offers premium reductions for anti-theft, accident-free, defensive driving, business or organization, easy pay, and multi-policy.
- GEICO policyholders can earn discounts including multi-vehicle, military active duty, seat belt use, membership and employees, air bags, and anti-lock brakes.
- AAA has savings for good driver, good student, multi-car, anti-theft, education and occupation, and multi-policy.
When getting a coverage quote, ask all companies you are considering which discounts you qualify for. A few discounts may not apply to policyholders in Raleigh.
Porsche 911 Insurance Prices Can Be More Affordable
One of the most helpful ways to save on car insurance is to to have a grasp of the different types of things that help calculate your policy premiums. If you understand what controls the rates you pay, this enables informed choices that could result in much lower annual insurance costs. Many different elements are used in the calculation when you get a price on insurance. Some are obvious like a motor vehicle report, but other factors are not quite as obvious such as whether you are married or your commute time.
Lower rates for vehicles with better crash test results – Vehicles with good safety scores tend to have better insurance rates. Safer cars reduce the chance of injuries and lower rates of occupant injuries translates directly to fewer claims and thus lower rates. If your Porsche 911 is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
How’s your driving record? – Careful drivers pay lower auto insurance prices than people who have multiple driving citations. Having a single speeding ticket or other violation may increase your cost forty percent or more. People who have license-revoking tickets like hit and run, DWI or reckless driving convictions may find that they have to to file a SR-22 to the state department of motor vehicles in order to continue driving.
The example below highlights how traffic violations and at-fault accidents increase Porsche 911 auto insurance rates for different age groups. The price estimates are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
Save money with alarm systems – Buying a car with a theft deterrent system can save you some money. Systems that thwart thieves like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping auto theft.
How many coverages with the same company – Most larger car insurance companies will give lower prices for people that have more than one policy in the form of a multi-policy discount. The discount can be anywhere from five to ten percent in most cases. Even with this discount, consumers should still check prices from other companies to help ensure you have the lowest rates. You may still be able to find a better deal by buying insurance from more than one company.
Insurance costs and vehicle performance – The performance of the car or truck you need insurance for makes a big difference in your premium level. The cheapest rates are for low performance passenger cars, but your final cost has many other factors.
The following data is based on a single female driver age 30, full coverage with $500 deductibles, and no discounts or violations. The data compares Porsche 911 insurance rates compared to other models of vehicles that have a range of performance risks.
Youthful drivers cost more – Teen drivers in North Carolina have a tendency to be less responsible behind the wheel therefore car insurance rates are much higher. More mature drivers are more responsible, are lower risk to insure, and tend to be get fewer driving tickets.
The following chart uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.
Porsche 911 claim statistics – Auto insurance companies use past insurance losses to calculate a rate that will offset losses. Vehicles that tend to have higher frequency or amount of claims will cost more to insure. The table shown below demonstrates the insurance loss data for Porsche 911 vehicles.
For each type of coverage, the claim amount for all vehicles combined as an average is considered to be 100. Percentage numbers below 100 suggest a better than average loss history, while percentages above 100 indicate higher probability of having a loss or an increased likelihood of larger losses.
| 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 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Compare rates but still have a neighborhood Raleigh auto insurance agent
Some consumers still prefer to visit with an insurance agent and that can be a smart move A good thing about comparing rates online is that you can obtain cheap insurance quotes but also keep your business local. Buying from and supporting local insurance agencies is definitely important in Raleigh.
To help locate an agent, after submitting this quick form, the quote information is transmitted to agents in your area who will return price quotes to get your business. You never need to find an agent on your own because prices are sent instantly to you. You’ll get the best rates without the usual hassles of price shopping. In the event you want to compare rates from a particular provider, you just need to search and find their rate quote page and give them your coverage information.
Below is a list of auto insurance companies in Raleigh that may be able to provide rate quotes for Porsche 911 insurance in Raleigh.
Bagwell and Bagwell Insurance
2626 Glenwood Ave #300 – Raleigh, NC 27608 – (919) 832-6667 – View Map
Doug Wingate – State Farm Insurance Agent
2414 Wycliff Rd #110 – Raleigh, NC 27607 – (919) 787-0888 – View Map
G. Suggs Insurance Agency, Inc.
1025 Bullard Ct – Raleigh, NC 27615 – (919) 875-8889 – View Map
Mary Wilson – State Farm Insurance – Raleigh
9660 Falls of Neuse Rd #165 – Raleigh, NC 27615 – (919) 872-1225 – View Map
Finding the right insurance company should depend on more than just a cheap price quote. Some important questions to ask are:
- Which companies can they place coverage with?
- Will they make sure you get an adequate claim settlement?
- Are claims handled at the agent’s location?
- Has the agent ever had any license suspensions?
- Are you getting all the discounts the company offers?
- Is vehicle damage repaired with OEM or aftermarket parts?
Be persistent to save money
You just learned some good ideas how to find affordable Porsche 911 insurance in Raleigh. The key concept to understand is the more price quotes you have, the better likelihood of getting the cheapest Porsche 911 rate quotes. You may even find the lowest car insurance rates are with some of the lesser-known companies. Some small companies may have significantly lower premium rates on certain market segments than their larger competitors like State Farm and Allstate.
When you buy Raleigh auto insurance online, don’t be tempted to skimp on critical coverages to save a buck or two. In many instances, someone sacrificed full coverage only to regret at claim time that the few dollars in savings costed them thousands. Your goal is to purchase a proper amount of coverage at the best price.
More detailed auto insurance information is located in these articles:
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- Who Has the Cheapest Car Insurance for a Nissan Sentra in Raleigh? (FAQ)
- What Insurance is Cheapest for Drivers with a DUI in Raleigh? (FAQ)
- How Much are Car Insurance Rates for a Ford Fusion in Raleigh? (FAQ)
- Tools for Teen Driving Safety (State Farm)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Rollover Crash FAQ (iihs.org)
- Learn About Car Insurance (GEICO)