The recommended way to get cheaper Porsche 911 insurance is to start doing a yearly price comparison from insurance carriers who sell insurance in Miami.
- Take a few minutes and learn about the coverage provided by your policy and the factors you can control to prevent expensive coverage. Many policy risk factors that cause rate increases like distracted driving and an unacceptable credit score can be remedied by making minor changes to your lifestyle. Read the full article for additional ideas to prevent expensive rate increases and find overlooked discounts.
- Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from one company like GEICO and Allstate, while agents who are independent can provide price quotes from multiple sources.
- Compare the new rates to your existing rates to see if a cheaper rate is available in Miami. If you find a lower rate quote and change companies, make sure coverage is continuous and does not lapse.
- Provide proper notification to your current company to cancel your existing policy. Submit payment and a completed application for your new coverage. Once coverage is bound, put the certificate verifying proof of insurance in an easily accessible location.
One thing to remember is that you’ll want to make sure you compare similar coverage information on every quote request and and to get prices from as many companies as feasibly possible. Doing this provides a level playing field and a better comparison of the market.
It’s an obvious conclusion that insurance companies want to keep you from comparing prices. Insureds who shop around for cheaper rates are likely to buy a new policy because there is a good probability of finding a lower-priced company. Surprisingly, a recent survey revealed that consumers who compared rates regularly saved about $3,500 over four years compared to other drivers who don’t regularly compare prices.
If finding the most affordable insurance in Miami is why you’re reading this, then having a good understanding how to compare auto insurance can save time and make the process easier.
Compare Porsche 911 insurance rates
When quoting insurance, remember that comparing more rates from different companies increases the chance that you will find the best rates.
The providers in the list below have been selected to offer comparison quotes in Miami, FL. If your goal is to find cheaper auto insurance in Miami, we recommend you compare several of them to get the best price comparison.
Coverage information
The rate table displayed next outlines estimates of insurance prices for Porsche 911 models. Learning as much as possible about how auto insurance policy rates are determined is important to be able to make smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $468 | $1202 | $472 | $28 | $142 | $2,312 | $193 |
| 911 Carrera 4 2-Dr Coupe | $508 | $1202 | $472 | $28 | $142 | $2,352 | $196 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $508 | $1202 | $400 | $24 | $120 | $2,254 | $188 |
| 911 Carrera 2 S 2-Dr Coupe | $508 | $1202 | $472 | $28 | $142 | $2,352 | $196 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $508 | $1202 | $400 | $24 | $120 | $2,254 | $188 |
| 911 Carrera 4S 2-Dr Coupe | $508 | $1314 | $472 | $28 | $142 | $2,464 | $205 |
| 911 Carrera Targa 2-Dr Coupe | $508 | $1314 | $472 | $28 | $142 | $2,464 | $205 |
| 911 Carrera 2 S 2-Dr Convertible | $508 | $1314 | $400 | $24 | $120 | $2,366 | $197 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $548 | $1202 | $400 | $24 | $120 | $2,294 | $191 |
| 911 Carrera Targa S 2-Dr Coupe | $548 | $1314 | $472 | $28 | $142 | $2,504 | $209 |
| 911 GT3 2-Dr Coupe | $548 | $1428 | $472 | $28 | $142 | $2,618 | $218 |
| 911 GT3 RS 2-Dr Coupe | $626 | $1542 | $472 | $28 | $142 | $2,810 | $234 |
| 911 Turbo 2-Dr Coupe | $626 | $1542 | $472 | $28 | $142 | $2,810 | $234 |
| 911 Turbo 2-Dr Convertible | $626 | $1654 | $400 | $24 | $120 | $2,824 | $235 |
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Price information does not factor in specific location which can change coverage rates significantly.
Analysis of deductible levels
One of the hardest decisions when shopping for insurance is how high should the physical damage deductibles be. The following insurance rates show the difference in cost between high and low physical damage coverage deductibles. The first data set uses a $100 comprehensive and collision deductible and the second price table 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 | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Estimates do not factor in zip code location which can revise prices greatly.
Using the data above, we can ascertain that using a $100 deductible will cost in the ballpark of $53 more each month or $636 a year than quoting the higher $500 deductible. Due to the fact that you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you have more than 8 months between claims, you would come out ahead if you decide on a higher deductible.
How to decide to raise your deductibles
| Average monthly premium for $100 deductibles: | $212 |
| Average monthly premium for $500 deductibles (subtract): | – $159 |
| Monthly savings from raising deductible: | $53 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $53 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 8 months |
Rate comparison of full coverage and liability-only
The information below shows the difference between Porsche 911 insurance costs when comparing full coverage to liability only. The costs are based on no tickets, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are factored in.
When to switch to liability coverage only
There isn’t a steadfast formula to stop paying for full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your Porsche 911 settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $8,000 after the policy deductible has been paid. If it’s costing you more than $800 annually for comprehensive and collision coverage, then you might consider buying liability only.
There are some situations where removing full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage.
These discounts can lower your auto insurance rates
Some providers don’t necessarily list every discount they offer in an easy-to-find place, so the below list has some of the more common as well as some of the hidden savings tricks you should be using when you buy Miami auto insurance online. If you do not double check each discount you deserve, you are throwing money away.
- Accident Forgiveness Coverage – This one is not really a discount per se, but companies like Progressive, Allstate, and GEICO may permit one accident before they charge you more for coverage with the catch being you have to be claim-free for a certain period of time.
- Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a lower premium rate if you buy a life insurance policy as well.
- Seat Belts Save – Drivers who always wear seat belts and also require passengers to buckle their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
- Air Bag Discount – Factory air bags or automatic seat belts may qualify for discounts of up to 25% or more.
- Clubs and Organizations – Participating in a qualifying organization can get you a small discount on auto insurance.
- Discounts for Multiple Vehicles – Buying coverage for multiple vehicles on one policy can get a discount on all vehicles.
- Braking Control Discount – Cars, trucks, and SUVs with ABS braking systems or traction control are much safer to drive and qualify for as much as a 10% discount.
While discounts sound great, it’s important to understand that some credits don’t apply to the entire policy premium. A few only apply to specific coverage prices like collision or personal injury protection. So even though you would think having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy. But all discounts will lower the premium cost.
The information below compares Porsche 911 auto insurance costs with and without discounts. Data assumes a female driver, no tickets, no at-fault accidents, Florida state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-policy, marriage, multi-car, and safe-driver discounts applied.
For a list of companies with discount rates in Miami, click here.
Auto insurance in Florida serves several purposes
Even though Miami 911 insurance rates can get expensive, maintaining insurance serves a purpose in several ways.
- Most states have minimum mandated liability insurance limits which means the state requires a specific level of liability insurance 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 you took out a loan on your Porsche 911, most lenders will have a requirement that you buy insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank may buy a policy for your Porsche for a much higher rate and make you pay much more than you were paying before.
- Insurance safeguards not only your car but also your financial assets. Insurance will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, 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 cost, particularly when you have a large claim. Despite what companies tell you, the average driver is wasting up to $850 per year so compare rates each time the policy renews to save money.
Best auto insurance company in Florida
Choosing the top company is hard considering how many choices you have in Miami. The company ratings below may help you choose which coverage providers to look at when looking for cheaper rates.
Top 10 Miami Car Insurance Companies Overall
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Top 10 Miami Car Insurance Companies Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Car insurance is unique, just like you
Always keep in mind that when comparing the right insurance coverage, there really is no cookie cutter policy. Every situation is different.
For instance, these questions might point out if your situation could use an agent’s help.
- When should I drop full coverage on my Porsche 911?
- What is an adequate liability insurance limit?
- Is coverage enough to protect my assets?
- Why do I have to buy liability insurance?
- What if a claim settlement is too low?
- Is my Porsche 911 covered if I use it for business?
- What if an uninsured driver hits me?
- Does my personal policy cover me when driving out-of-state?
If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form.
Compare rate quotes but buy from a local Miami insurance agency
A small number of people would prefer to sit down and talk to an agent and that is just fine! One of the great benefits of getting free rate quotes online is that you can find the best rates but also keep your business local. Buying from neighborhood agents is important particularly in Miami.
Upon completion of this simple form, the coverage information is submitted to local insurance agents in Miami who will give competitive quotes to get your business. There is no need to do any legwork due to the fact that quote results will go immediately to your email address. You’ll get the best rates and a licensed agent to talk to. If you need to compare prices from a specific insurance provider, you just need to search and find their rate quote page and submit a quote form there.
If you’re trying to find a good insurance agency, you should know the types of insurance agents and how they are slightly different. Agencies in Miami are considered either exclusive or independent (non-exclusive).
Independent Agencies or Brokers
Independent insurance agents are not restricted to one company and that is an advantage because they can write policies with many different companies and find the cheapest insurance rates. If your agent finds better pricing, your policy is moved internally and you don’t have to switch agencies. If you are comparing insurance prices, you definitely need to compare quotes from a few independent agents to maximize your price options. Many write coverage with less well-known companies that may have much lower rates than larger companies.
Shown below is a partial list of independent agents in Miami that can give you price quote information.
- GreatFlorida Insurance – Westchester Insurance Agency
8833 Bird Rd – Miami, FL 33165 – (786) 409-2211 – View Map - E and L Insurance Services
1241 SW 27th Ave – Miami, FL 33135 – (888) 700-4049 – View Map - Estrella Insurance #114
8615 Biscayne Blvd – Miami, FL 33138 – (305) 757-5900 – View Map
Exclusive Insurance Agents
Agents that elect to be exclusive can only write with one company and some examples include American Family, State Farm, and AAA. Exclusive agencies are unable to compare other company’s rates so keep that in mind. Exclusive insurance agents are usually quite knowledgeable on the products they sell and that enables them to sell even at higher rates. Some insured continue to buy from the same agent for years mostly because of the brand legacy and strong financial ratings.
Shown below is a short list of exclusive insurance agencies in Miami that can give you comparison quotes.
- Clark Alvarado – State Farm Insurance Agent
5209 NW 36th St – Miami Springs, FL 33166 – (305) 887-9543 – View Map - State Farm: Carlos Luis
6001 Bird Rd – Miami, FL 33155 – (305) 663-2300 – View Map - Rick Burke – State Farm Insurance Agent
2250 S Dixie Hwy Ste. 2 – Miami, FL 33133 – (305) 860-0616 – View Map
Deciding on an insurance agency needs to be determined by more than just a cheap price. The questions below may impact your decision as well.
- Is working in the agency their full-time job?
- Is the agency active in community causes in Miami?
- Which family members are covered?
- Will one accident increase rates?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Is their price quote a firm figure or are their hidden costs?