Save Money on Porsche 911 Insurance in Detroit

It’s hard to fathom, but most consumers in Michigan kept their coverage with the same auto insurance company for a minimum of four years, and almost 40% of drivers have never taken the time to shop around. With the average premium in the United States being $1,847, drivers could save themselves nearly 46.5% a year by just comparing rate quotes, but they assume it’s a waste of time to go online and compare rates.

Insurance for Porsche 911The most effective way to find the cheapest price for auto insurance rates is to start comparing rates regularly from different companies in Detroit.

  1. It will benefit you to learn about how auto insurance works and the measures you can take to keep rates in check. Many things that are responsible for high rates like getting speeding tickets and bad credit can be improved by being financially responsible and driving safely. This article gives more information to keep prices down and find discounts that you may qualify for.
  2. Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or Allstate, while independent agencies can provide prices from multiple companies. View a list of agents
  3. Compare the price quotes to your existing policy and determine if there is any savings. If you find a better price and change companies, make sure there is no lapse in coverage.
  4. Provide proper notification to your current company of your intention to cancel your current policy. Submit payment and a signed application to the new company. Once the paperwork is finalized, put the proof of insurance certificate with your vehicle’s registration.

One important bit of advice is to use identical coverages on every quote and and to get price estimates from as many car insurance companies as possible. This ensures a fair price comparison and a complete rate analysis.

Coverage statistics and figures

The information displayed next showcases estimates of insurance prices for Porsche 911 models. Being aware of how policy rates are figured can be valuable when making informed decisions when comparing rate quotes.


Porsche 911 Insurance Rates in Detroit, MI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
911 Carrera 2 2-Dr Coupe $512 $1166 $662 $40 $198 $2,578 $215
911 Carrera 4 2-Dr Coupe $556 $1166 $662 $40 $198 $2,622 $219
911 Carrera 2 Cabriolet 2-Dr Convertible $556 $1166 $564 $34 $168 $2,488 $207
911 Carrera 2 S 2-Dr Coupe $556 $1166 $662 $40 $198 $2,622 $219
911 Carrera 4 Cabriolet 2-Dr Convertible $556 $1166 $564 $34 $168 $2,488 $207
911 Carrera 4S 2-Dr Coupe $556 $1276 $662 $40 $198 $2,732 $228
911 Carrera Targa 2-Dr Coupe $556 $1276 $662 $40 $198 $2,732 $228
911 Carrera 2 S 2-Dr Convertible $556 $1276 $564 $34 $168 $2,598 $217
911 Carrera 4S Cabriolet 2-Dr Convertible $600 $1166 $564 $34 $168 $2,532 $211
911 Carrera Targa S 2-Dr Coupe $600 $1276 $662 $40 $198 $2,776 $231
911 GT3 2-Dr Coupe $600 $1386 $662 $40 $198 $2,886 $241
911 GT3 RS 2-Dr Coupe $686 $1496 $662 $40 $198 $3,082 $257
911 Turbo 2-Dr Coupe $686 $1496 $662 $40 $198 $3,082 $257
911 Turbo 2-Dr Convertible $686 $1604 $564 $34 $168 $3,056 $255
Get Your Own Custom Quote Go

Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price information does not factor in your specific Detroit location which can change prices substantially.

Policy deductible comparison

When shopping for auto insurance, a common question is what deductibles to buy. The rates below can help illustrate the premium difference when you buy lower versus higher policy deductibles. The first set of rates uses a $250 deductible and the second data table uses a $500 deductible.


Porsche 911 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
911 Carrera 2 2-Dr Coupe $808 $1700 $690 $40 $206 $3,469 $289
911 Carrera 4 2-Dr Coupe $876 $1700 $690 $40 $206 $3,537 $295
911 Carrera 2 Cabriolet 2-Dr Convertible $876 $1700 $586 $34 $176 $3,397 $283
911 Carrera 2 S 2-Dr Coupe $876 $1700 $690 $40 $206 $3,537 $295
911 Carrera 4 Cabriolet 2-Dr Convertible $876 $1700 $586 $34 $176 $3,397 $283
911 Carrera 4S 2-Dr Coupe $876 $1860 $690 $40 $206 $3,697 $308
911 Carrera Targa 2-Dr Coupe $876 $1860 $690 $40 $206 $3,697 $308
911 Carrera 2 S 2-Dr Convertible $876 $1860 $586 $34 $176 $3,557 $296
911 Carrera 4S Cabriolet 2-Dr Convertible $946 $1700 $586 $34 $176 $3,467 $289
911 Carrera Targa S 2-Dr Coupe $946 $1860 $690 $40 $206 $3,767 $314
911 GT3 2-Dr Coupe $946 $2020 $690 $40 $206 $3,927 $327
911 GT3 RS 2-Dr Coupe $1082 $2182 $690 $40 $206 $4,225 $352
911 Turbo 2-Dr Coupe $1082 $2182 $690 $40 $206 $4,225 $352
911 Turbo 2-Dr Convertible $1082 $2342 $586 $34 $176 $4,245 $354
Get Your Own Custom Quote Go

Porsche 911 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
911 Carrera 2 2-Dr Coupe $658 $1372 $690 $40 $206 $2,966 $247
911 Carrera 4 2-Dr Coupe $712 $1372 $690 $40 $206 $3,020 $252
911 Carrera 2 Cabriolet 2-Dr Convertible $712 $1372 $586 $34 $176 $2,880 $240
911 Carrera 2 S 2-Dr Coupe $712 $1372 $690 $40 $206 $3,020 $252
911 Carrera 4 Cabriolet 2-Dr Convertible $712 $1372 $586 $34 $176 $2,880 $240
911 Carrera 4S 2-Dr Coupe $712 $1500 $690 $40 $206 $3,148 $262
911 Carrera Targa 2-Dr Coupe $712 $1500 $690 $40 $206 $3,148 $262
911 Carrera 2 S 2-Dr Convertible $712 $1500 $586 $34 $176 $3,008 $251
911 Carrera 4S Cabriolet 2-Dr Convertible $768 $1372 $586 $34 $176 $2,936 $245
911 Carrera Targa S 2-Dr Coupe $768 $1500 $690 $40 $206 $3,204 $267
911 GT3 2-Dr Coupe $768 $1630 $690 $40 $206 $3,334 $278
911 GT3 RS 2-Dr Coupe $880 $1758 $690 $40 $206 $3,574 $298
911 Turbo 2-Dr Coupe $880 $1758 $690 $40 $206 $3,574 $298
911 Turbo 2-Dr Convertible $880 $1888 $586 $34 $176 $3,564 $297
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rate quotes do not factor in zip code location which can affect rates substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $46 more each month or $552 for a full year averaged for all 911 models than selecting the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you have more than 5 months between claims, you would probably save some money if you opt for a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $250 deductibles: $310
Average monthly premium for $500 deductibles (subtract): – $264
Monthly savings from raising deductible: $46
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $46
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 5 months

Full coverage versus liability-only in Detroit

The example below visualizes the comparison of Porsche 911 insurance premiums with full coverage and liability only. The premiums assume no violations or accidents, $100 deductibles, marital status is single, and no policy discounts are applied.

When to switch to liability coverage only

There is no clear-cut formula to stop paying for physical damage coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Porsche 911 replacement cost 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 the physical damage deductible. If you are currently paying more than $700 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where dropping full coverage is not a good idea. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.

Why Your Insurance Premiums might be higher

Many factors are taken into consideration when quoting car insurance. Some factors are common sense such as your driving record, although some other factors are more transparent like your vehicle usage and annual miles driven. 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 determine your policy premiums. If you have a feel for what determines base rates, this enables informed choices that can earn you better car insurance rates.

Listed below are a few of the “ingredients” companies use to determine prices.

Cheap auto insurance is out there

As you restructure your insurance plan, it’s a bad idea to buy poor coverage just to save money. In many cases, an insured cut comprehensive coverage or liability limits to discover at claim time they didn’t have enough coverage. Your goal is to purchase a proper amount of coverage at a price you can afford but still have enough coverage for asset protection.

We’ve covered a lot of ways to lower your Porsche 911 insurance prices in Detroit. It’s most important to understand that the more rate quotes you have, the better your comparison will be. Consumers may even find the most savings is with a small local company.

Cheaper Porsche 911 insurance in Detroit is definitely available online and also from your neighborhood Detroit agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance companies may not offer online rate quotes and usually these smaller providers prefer to sell through local independent agents.

Additional detailed information can be found by following these links: