A recent car insurance study revealed that most car insurance customers have bought car insurance from the same company for over three years, and just short of a majority have never shopped around. Many drivers in Miami could pocket $1,100 a year by just comparing quotes, but they assume it’s a waste of time to do a rate comparison.
Truthfully, the best way to find more affordable Porsche Carrera GT insurance in Miami is to compare quotes once a year from insurance carriers in Florida.
- First, get a basic knowledge of the different coverages in a policy and the modifications you can make to prevent high rates. Many things that drive up the price like traffic violations, accidents, and an imperfect credit history can be controlled by making minor changes in your lifestyle. Later in this article we will cover more details to prevent high prices and get additional discounts that may be available.
- Second, quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like Progressive or State Farm, while independent agencies can provide price quotes for a wide range of insurance providers.
- Third, compare the new rate quotes to your existing coverage to see if a cheaper price is available in Miami. If you find better rates, ensure there is no coverage lapse between policies.
- Fourth, provide adequate notice to your current company to cancel the current policy and submit a down payment along with a signed application to your new company or agent. As soon as you can, put the new certificate verifying proof of insurance along with the vehicle’s registration papers.
An important note is that you’ll want to make sure you compare identical limits and deductibles on each price quote and and to get prices from every insurance company. Doing this helps ensure a fair rate comparison and the most accurate and complete price analysis.
The quickest way to get rate comparisons for Porsche Carrera GT insurance in Miami is to realize most insurance companies allow for online access to provide you with free rate quotes. To begin a comparison, all you need to do is give them some information like whether you have decent credit, whether you are single or married, how many miles driven, and coverage limits. Your details is then sent to many highly-rated insurers and they return rate quotes instantly to find the best rate.
To find lower lower-cost Porsche Carrera GT insurance rates now, click here then complete the form.
The companies shown below provide quotes in Miami, FL. To get cheap car insurance in Florida, we recommend you compare several of them to get the most affordable price.
Protect more than your Porsche Carrera GT
Even though it can be expensive, paying for car insurance is required for several reasons.
- Almost all states have mandatory liability insurance requirements which means you are required to carry a specific level of liability coverage in order to get the vehicle licensed. 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 vehicle has a loan, most lenders will make it mandatory that you have physical damage coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank may insure your Porsche at a much higher rate and force you to reimburse them for the expensive policy.
- Car insurance protects not only your vehicle but also your assets. It will also cover most medical and hospital costs for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay attorney fees in the event you are sued. If your vehicle suffers damage from an accident or hail, your car insurance policy will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance greatly outweigh the cost, particularly if you ever have a claim. The average driver in America overpays as much as $820 a year so shop around at least once a year to make sure the price is not too high.
Companies offer many discounts on Porsche Carrera GT insurance in Miami
Car insurance is neither fun to buy or cheap, but companies offer discounts to reduce the price significantly. Many discounts should be triggered at the time you complete a quote, but occasionally some discounts must be asked about before being credited.
- College Student – College-age children who live away from home at college and leave their car at home may be insured at a cheaper rate.
- Discount for Life Insurance – Insurance companies who offer life insurance give a break if you buy life insurance from them.
- Active Service Discounts – Being deployed with a military unit may lower your car insurance rates slightly.
- No Charge for an Accident – Not necessarily a discount, but a handful of insurance companies will allow you to have one accident before your rates go up so long as you are claim-free before the accident.
- Claim-Free Discount – Drivers with accident-free driving histories are rewarded with significantly better rates on Miami auto insurance quote as compared to drivers who are more careless.
- Seat Belt Discounts – Drivers who require all vehicle occupants to buckle their seat belts can save a little off the medical payments premium.
- Student Driver Training – It’s a good idea to have your young drivers participate in a local driver’s education class if it’s offered in school.
One last thing about discounts, some credits don’t apply to all coverage premiums. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, companies wouldn’t make money that way.
A list of companies and some of the discounts include:
- GEICO discounts include seat belt use, five-year accident-free, multi-policy, emergency military deployment, defensive driver, and daytime running lights.
- Travelers offers discounts including home ownership, early quote, multi-car, good student, driver training, and continuous insurance.
- Nationwide offers premium reductions for anti-theft, easy pay, good student, business or organization, defensive driving, accident-free, and Farm Bureau membership.
- Farmers Insurance includes discounts for business and professional, teen driver, youthful driver, mature driver, and early shopping.
- Esurance may offer discounts for DriveSense, Pac-12 alumni, paid-in-full, renters, online quote, and online shopper.
- State Farm may include discounts for Drive Safe & Save, passive restraint, good student, defensive driving training, and anti-theft.
- Progressive policyholders can earn discounts including online quote discount, good student, homeowner, multi-vehicle, and multi-policy.
- Mercury Insurance may have discounts that include annual mileage, professional/association, anti-theft, multi-car, type of vehicle, and age of vehicle.
Before purchasing a policy, check with each company how you can save money. Savings may not be available in Miami. To choose companies who offer free Porsche Carrera GT insurance quotes in Miami, click here to view.
Will just any policy work for me?
When quoting and comparing insurance from an agent or online, there isn’t really a “perfect” insurance plan. Every situation is different and your car insurance should unique, too.
For example, these questions could help you determine if you might need professional guidance.
- Should I get collision insurance on every vehicle?
- What is the ISO rating for a Porsche Carrera GT?
- Am I insured when driving a different vehicle?
- Does low annual mileage earn a discount?
- Which companies are cheaper for teen drivers?
- When do I need to add a new car to my policy?
If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier
You may want advice from an agent
A lot of people prefer to sit down with an agent and we recommend doing that A nice benefit of price shopping on the web is that drivers can save money and get better rates and also buy local.
After completing this short form, your coverage information is transmitted to agents in your area who will gladly provide quotes and help you find cheaper coverage. There is no need to do any legwork since price quotes are sent immediately to your email address. Get lower rates and work with a local agent. If you have a need to compare prices for a specific company, don’t hesitate to search and find their rate quote page and fill out their quote form.
Choosing the best insurance company should depend on more than just a cheap quote. Any agent in Miami should be willing to answer these questions.
- Do they carry Errors and Omissions coverage?
- What is the agency’s Better Business Bureau rating?
- How long has the business existed?
- Did they already check your driving record and credit reports?
- Are they paid to recommend certain coverages?
- Will one accident increase rates?
- Is their price quote a firm figure or are their hidden costs?
Insurance coverages 101
Having a good grasp of your insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverages offered by insurance companies.
Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Porsche Carrera GT.
Since a lot of drivers only purchase the least amount of liability that is required (10/20/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things such as hitting a deer, a broken windshield, a tree branch falling on your vehicle, damage from getting keyed and fire damage. The maximum amount your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Auto liability – This provides protection from damage or injury you incur to people or other property. 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 values of 10/20/10 which stand for $10,000 in coverage for each person’s injuries, a limit of $20,000 in injury protection per accident, and $10,000 of coverage for damaged property.
Liability coverage pays for things such as emergency aid, court costs, loss of income, funeral expenses and attorney fees. How much liability coverage do you need? That is your choice, but buy as large an amount as possible. Florida state minimum liability requirements are 10/20/10 but you should consider buying better liability coverage.
The next chart shows why minimum state limits may not be high enough to cover claims.
Insurance for medical payments – Med pay and PIP coverage reimburse you for short-term medical expenses for ambulance fees, EMT expenses, rehabilitation expenses and chiropractic care. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Collision – This will pay to fix damage to your Carrera GT resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as scraping a guard rail, colliding with another moving vehicle, crashing into a building, driving through your garage door and colliding with a tree. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible on your Carrera GT to get cheaper collision coverage.
Ratings for Florida auto insurance companies
Finding the highest-rated car insurance provider is difficult considering how many choices there are in Florida. The company rank data shown below may help you choose which insurers to look at comparing prices from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Smart consumers save more
When searching for low cost Miami auto insurance quotes, it’s very important that you do not skimp on critical coverages to save a buck or two. In too many instances, someone sacrificed collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The goal is to buy a smart amount of coverage for the lowest price while still protecting your assets.
Some insurance providers may not offer the ability to get a quote online and usually these regional carriers only sell coverage through independent agents. Budget-conscious Porsche Carrera GT insurance can be sourced on the web as well as from insurance agents, and you need to price shop both to get a complete price analysis.
Additional information can be found below:
- Drunk Driving Statistics (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance for Ride Shares in Miami? (FAQ)
- Who Has the Cheapest Miami Auto Insurance for a Ford Escape? (FAQ)
- How Much is Miami Auto Insurance for a Nissan Rogue? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Nissan Altima in Miami? (FAQ)
- Who Has Cheap Auto Insurance Rates for Drivers Over Age 60 in Miami? (FAQ)
- Car Insurance FAQ (Trusted Choice)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)