Affordable Rates for Porsche Boxster Insurance in Anchorage

Are you researching cheaper Porsche Boxster insurance in Anchorage? Locating cheaper insurance for your Porsche Boxster in Alaska can turn out to be difficult, but you can learn the following methods to save time.

There are both good and bad ways to compare insurance rates so you’re going to learn the proper way to quote coverages on a Porsche and find the cheapest rates either online or from Anchorage insurance agents.

How to lower your Porsche Boxster insurance cost in Anchorage

The companies shown below provide price comparisons in Alaska. To locate cheap car insurance in Anchorage, it’s a good idea that you get rate quotes from several of them in order to find the lowest rates.

Facts and figures for Porsche Boxster insurance

The information displayed next outlines detailed analysis of insurance premium costs for Porsche Boxster models. Learning a little about how rates are figured helps drivers make decisions on which insurance to purchase.

Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rate quotes do not factor in vehicle garaging location which can revise rates noticeably.

Deductible analysis

A question often asked by Anchorage drivers is where to set your physical damage deductibles. The premium rates below outline the differences in premium rates between high and low deductibles. The first rate quote example uses a $100 deductible for comp and collision and the second price chart uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Price estimates do not factor in garaging location in Anchorage which can lower or raise insurance rates substantially.

Using the data above, we can ascertain that using a $100 deductible will cost in the ballpark of $37 more each month or $444 a year than choosing the higher $1,000 deductible. Since you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you go more than 24 months between claim filings, you would more than likely save some money if you opt for a higher deductible.

The diagram below demonstrates how choosing different deductibles and can impact Porsche Boxster annual premium costs for different categories of driver ages. The prices are based on a married male driver, full coverage, and no discounts are applied.

Careless drivers pay higher rates

The chart below shows how speeding tickets and at-fault collisions can drive up Porsche Boxster yearly insurance costs for different age categories. The data assumes a married male driver, comp and collision included, $250 deductibles, and no discounts are factored in.

Determine discounts on Anchorage auto insurance

Some providers don’t necessarily list all possible discounts very clearly, so we break down a few of the more common in addition to some of the lesser obvious ways to save on auto insurance.

• Accident Free – Anchorage drivers who stay claim-free pay less when compared with drivers who are more careless.
• Home Ownership Discount – Just owning your own home can save a few bucks because maintaining a house shows financial diligence.
• ABS Braking Discount – Cars and trucks with ABS and/or traction control are much safer to drive and will save you 10% or more on Boxster insurance in Anchorage.
• Discount for Low Mileage – Driving less could earn lower premium rates on the low mileage vehicles.
• Organization Discounts – Having an affiliation with a civic or occupational organization in Anchorage may earn a discount on your policy.
• Good Driver Discount – Accident-free drivers can save as much as half off their rates as compared to drivers with claims.
• Accident Forgiveness – This isn’t a discount exactly, but a few companies such as Liberty Mutual, Allstate and State Farm allow you one accident before hitting you with a surcharge with the catch being you have to be claim-free for a certain period of time.

It’s important to understand that many deductions do not apply to the entire cost. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like it’s possible to get free car insurance, that’s just not realistic.

The chart below visualizes the comparison of Porsche Boxster premium costs with and without some available policy discounts. The costs are based on a female driver, a clean driving record, no at-fault accidents, Alaska 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-car, marriage, homeowner, claim-free, safe-driver, and multi-policy discounts applied.

Companies and some of their more popular discounts are shown below.

• GEICO may include discounts for membership and employees, five-year accident-free, multi-vehicle, anti-theft, emergency military deployment, and anti-lock brakes.
• USAA has discounts for vehicle storage, multi-policy, defensive driver, family discount, annual mileage, and military installation.
• Progressive includes discounts for online quote discount, multi-policy, good student, continuous coverage, homeowner, and online signing.
• American Family offers discounts for multi-vehicle, accident-free, bundled insurance, mySafetyValet, and defensive driver.
• Esurance may offer discounts for multi-car, paid-in-full, anti-theft, multi-policy, and good student.
• Farmers Insurance may have discounts that include homeowner, distant student, pay in full, teen driver, and business and professional.
• State Farm policyholders can earn discounts including defensive driving training, multiple autos, multiple policy, student away at school, passive restraint, and Steer Clear safe driver discount.

Before purchasing a policy, check with each insurance company how many discounts you can get. A few discounts may not apply to policyholders in Anchorage. To see a list of insurance companies that have a full spectrum of discounts in Anchorage, click here to view.

Insurance does more than just repair your car

Despite the high insurance cost for a Porsche Boxster in Anchorage, maintaining insurance may not be optional for several reasons.

• Most states have minimum mandated liability insurance limits which means the state requires a specific level of liability protection in order to get the vehicle licensed. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a loan on your Boxster, most banks will force you to have full coverage to guarantee payment of the loan. If you do not keep the policy in force, the bank may buy a policy for your Porsche for a lot more money and require you to pay much more than you were paying before.
• Insurance protects not only your car but also your assets. It will also provide coverage for many types of medical costs that are the result of an accident. As part of your policy, liability insurance also covers legal expenses if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, your policy will pay to have it repaired.

The benefits of buying insurance definitely exceed the cost, specifically if you ever have a liability claim. But the average driver in Alaska overpays as much as $850 per year so we recommend shopping around at every renewal to ensure rates are inline.

When in doubt talk to an agent

When it comes to buying adequate coverage, there isn’t really a one-size-fits-all type of policy. Every situation is different.

These are some specific questions may help you determine whether your personal situation will benefit from professional help.

• Is pleasure use cheaper than using my Porsche Boxster to commute?
• Why is insurance for a teen driver so high in Anchorage?
• When should I have rental car coverage?
• Will I lose any money if I cancel my policy before it expires?
• Do I have coverage if I rent a car in Mexico?
• Does coverage extend to a rental car in a foreign country?
• If my Porsche Boxster is totaled, can I afford another vehicle?
• What is the difference between personal and commercial auto insurance policies?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Local Anchorage insurance agencies

Many people would rather buy from a licensed agent and that is just fine! Experienced insurance agents are trained risk managers and will help you if you have claims. One of the great benefits of comparing rate quotes online is you can get cheap rate quotes but still work with a licensed agent. And buying from local insurance agents is important particularly in Anchorage.

To make it easy to find an agent, after completing this simple form, your information is emailed to companies in Anchorage who can give free rate quotes and help you find cheaper coverage. You won’t even need to visit any agencies because prices are sent to you instantly. If you have a need to quote rates from a specific company, feel free to navigate to their website and submit a quote form there.

Two types of Anchorage auto insurance agents

If you are wanting to purchase insurance from a good insurance agency, it’s helpful to know the different types of agents and how they are slightly different. Insurance agents in Anchorage are classified as either exclusive or independent agents depending on their company appointments. Either type can insure your vehicles properly, but it is a good idea to know why they differ since it can impact your agent selection.

Independent Insurance Agents

Agents of this type can quote rates with many companies so they can write business with a variety of different insurance companies and help determine which has the cheapest rates. If they find a lower price, they can switch companies in-house and the insured can keep the same agent. If you are comparing rate quotes, you definitely need to get quotes from several independent agencies to have the best price comparison. Many independent agencies also insure through different regional companies which can be an advantage.

Listed below is a list of independent agencies in Anchorage who can help you get comparison quotes.

• Dewar Insurance Agency
  205 E Benson Blvd – Anchorage, AK 99503 – (907) 258-8888 – View Map
• Alaska National Insurance Co
  7001 Jewel Lake Rd – Anchorage, AK 99502 – (907) 248-2642 – View Map
• Marsh Mc Lennan Agency
  1031 W 4th Ave #400 – Anchorage, AK 99501 – (907) 276-5617 – View Map

View more Anchorage agents

Exclusive Agents

These type of agents have only one company to place business with and some examples include State Farm, AAA, and Liberty Mutual. Exclusive agents cannot shop your coverage around so always compare other rates. Exclusive agents are usually well trained on their products and sales techniques which helps them sell insurance even at higher premiums. Many people buy from exclusive agents primarily because of the brand and the convenience of having all coverages with one company.

Listed below are exclusive insurance agents in Anchorage that are able to give rate quotes.

• Curt Green, Jr. – State Farm Insurance Agent
  836 E 15th Ave #1 – Anchorage, AK 99501 – (907) 272-2812 – View Map
• Herb Schlereth – State Farm Insurance Agent
  225 E Fireweed Ln #101 – Anchorage, AK 99503 – (907) 277-5548 – View Map
• Allstate Insurance: William R. McVitty
  550 E Tudor Rd Ste 201 – Anchorage, AK 99503 – (907) 563-9690 – View Map

View more Anchorage agents

Selecting an insurance agent should depend on more than just a cheap quote. These are valid questions to ask:

• Does the agency have a positive business rating?
• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
• Will they take your side in the event of a claim?
• What companies can they write with?
• Will the quote change when the policy is issued?
• Is the agency involved in supporting local community causes?

Once you have received acceptable answers to all your questions and an acceptable price quote, most likely you have located an insurance agent that meets the requirements to properly service your insurance policy. It’s important to know that it’s your coverage and you can terminate coverage any time you want so never assume that you’re stuck with the insurance policy for the full policy term.

Auto insurance coverages and their meanings

Having a good grasp of your policy helps when choosing the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Auto liability

Liability coverage protects you from injuries or damage you cause to people or other property by causing an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 50/100/25 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability coverage protects against claims like emergency aid, court costs, legal defense fees, bail bonds and medical services. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible. Alaska state law requires minimum liability limits of 50/100/25 but you should think about purchasing more coverage.

The illustration below demonstrates why the minimum limit may not be adequate.

Collision coverage

This coverage covers damage to your Boxster from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims such as hitting a mailbox, crashing into a building, sustaining damage from a pot hole and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible on your Boxster in order to get cheaper collision rates.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family and damage to your Porsche Boxster.

Since a lot of drivers have only the minimum liability required by law (which is 50/100/25), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for expenses for X-ray expenses, rehabilitation expenses and prosthetic devices. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision)

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like vandalism, damage from a tornado or hurricane, hitting a bird and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.