How to Save on Detroit Porsche Boxster Insurance

Are you regretting buying an under-performing, overpriced auto insurance policy? You’re preaching to the choir because many Detroit consumers feel financially strained by their auto insurance policy.

Insurance rates Porsche Boxster in DetroitRemarkably, a study showed that most auto insurance policyholders in Michigan have purchased from the same company for four years or more, and practically 40% of auto insurance customers have never shopped around. Many consumers in the United States could save roughly 47% a year by just comparing quotes, but most undervalue how much money they would save if they switched to a more affordable policy.

Steps to buying lower priced Porsche Boxster insurance in Detroit

It takes a little time, but the best way to get budget auto insurance rates in Detroit is to make a habit of regularly comparing prices from companies in Michigan. Rate comparisons can be done by following these steps.

The most important part of this process is that you use the same coverage limits and deductibles on each quote and and to get price quotes from as many companies as feasibly possible. This ensures a fair price comparison and a complete price analysis.

Since you have so many options when it comes to auto insurance, it’s difficult to pick the lowest price insurance company.

The best way we recommend to compare car insurance rates for Porsche Boxster insurance in Detroit is to realize most of the bigger providers provide online access to give rate comparisons. The only thing you need to do is provide details including daily mileage, your general credit rating, if a SR-22 is required, and whether you are married. The data is instantly submitted to all major companies and you will get price comparisons within a short period of time.

To start a rate quote now, click here and find out if you can get cheaper insurance in Detroit.

The companies in the list below offer free rate quotes in Michigan. If you want to find cheaper auto insurance in Detroit, MI, it’s a good idea that you click on several of them to find the cheapest auto insurance rates.

Three main reasons to buy auto insurance

Despite the fact that auto insurance is not cheap in Detroit, insuring your vehicle is required by state law in Michigan and it also provides benefits you may not be aware of.

The benefits of insuring your car are definitely more than the cost, specifically if you ever have a liability claim. Today the average American driver overpays more than $700 annually so we recommend shopping around once a year at a minimum to save money.

Car insurance statistics and figures

The coverage table shown below covers detailed analysis of insurance coverage prices for Porsche Boxster models. Being aware of how insurance quotes are calculated helps drivers make smart choices when selecting a policy.

Porsche Boxster Insurance Rates in Detroit, MI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $680 $1340 $604 $36 $180 $2,840 $237
Boxster S 2-Dr Convertible $750 $1516 $604 $36 $180 $3,086 $257
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Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price information does not factor in specific location information which can change rates noticeably.

Rate comparison for different deductibles

When comparing car insurance rates, the most common question is how high or low should comp and collision deductibles be. The premium rates below approximate the difference in cost when you choose different policy deductibles. The first data table uses a $100 deductible for comp and collision and the second data table uses a $1,000 deductible.

Porsche Boxster insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $748 $1456 $586 $34 $176 $3,025 $252
Boxster S 2-Dr Convertible $824 $1646 $586 $34 $176 $3,291 $274
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Porsche Boxster insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Boxster 2-Dr Convertible $414 $768 $586 $34 $176 $1,978 $165
Boxster S 2-Dr Convertible $456 $868 $586 $34 $176 $2,120 $177
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Price information does not factor in vehicle location which can increase or decrease rates significantly.

Based on the above data, using a $100 deductible costs approximately $92 more each month or $1104 annually across all Porsche Boxster models than quoting the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 10 months between claims, you would more than likely save some money by selecting a higher deductible.

The example below shows how different deductible levels and can change Porsche Boxster insurance prices for each different age category. The rate quotes are based on a married male driver, full coverage, and no discounts are taken into consideration.

Driving violations and accidents

The diagram below shows how violations and at-fault accidents raise Porsche Boxster car insurance costs for each age group. The data assumes a single male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

Car insurance rates by age and gender in Detroit

The diagram below shows the difference between Porsche Boxster annual premium costs for male and female drivers. The rates are based on no violations or claims, full coverage, $100 deductibles, drivers are not married, and no policy discounts are applied.

Difference between full coverage and liability only rates

The information below illustrates the difference between Porsche Boxster car insurance costs when comparing full coverage to liability only. The rates are based on no claims or driving violations, $100 deductibles, marital status is single, and no discounts are factored in.

When to drop comprehensive and collision

There is no written rule to stop paying for full coverage, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your Porsche Boxster claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after paying your deductible. If you are currently paying more than $700 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some cases where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not drop full coverage.

Earn discounts to get lower-cost Detroit insurance rates

Some insurance providers do not advertise their entire list of discounts in an easy-to-find place, so the next list breaks down both well-publicized and also the lesser-known credits available to you. If you check and find you aren’t receiving every discount possible, you’re paying more than you need to.Save money with discounts

You can save money using discounts, but most discount credits are not given to your bottom line cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like you can get free auto insurance, it just doesn’t work that way. Any qualifying discounts will definitely lower the amount you pay for coverage.

The diagram below shows the comparison of Porsche Boxster car insurance rates with and without some available policy discounts. The data is based on a female driver, no violations or claims, Michigan state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, homeowner, multi-car, and claim-free discounts applied.

Popular insurance companies and a partial list of their discounts include:

When comparing rates, check with each company or agent to apply every possible discount. Some of the discounts discussed earlier may not apply in Detroit. If you would like to view insurers with the best Porsche Boxster insurance discounts in Detroit, click this link.

Different people need different car insurance coverages

When selecting insurance from an agent or online for your vehicles, there really is no one-size-fits-all type of policy. Your situation is unique.Higher deductibles save money

Here are some questions about coverages that can aid in determining if your insurance needs could use an agent’s help.

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form.