Car Insurance Rates for a Porsche Cayenne in Oklahoma City

If saving money is your primary concern, then the best way to get more affordable auto insurance rates in Oklahoma City is to start comparing prices regularly from different companies that sell auto insurance in Oklahoma. You can shop around by following these steps.

  1. It will benefit you to learn about how insurance works and the measures you can control to prevent high rates. Many risk factors that cause high rates such as traffic violations, accidents, and a lousy credit rating can be eliminated by making minor driving habit or lifestyle changes. This article gives instructions to find cheap rates and find overlooked discounts.
  2. Compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like GEICO or State Farm, while agents who are independent can provide rate quotes from multiple companies.
  3. Compare the new rate quotes to your existing coverage to see if switching to a new carrier will save money. If you can save some money and make a switch, make sure there is no lapse in coverage.
  4. Notify your company or agent to cancel your current car insurance policy. Submit payment and a completed application to the new insurer. Make sure you keep your new certificate verifying coverage along with your vehicle registration.

The most important part of shopping around is that you’ll want to compare similar coverage information on each quote request and and to get price estimates from as many companies as you can. This guarantees an accurate price comparison and a complete price analysis.

Insurance rates Porsche Cayenne in Oklahoma CityIt’s easy to assume that insurance companies don’t want you comparing rates. People who shop around for a cheaper policy will most likely move their business because of the good chance of finding lower prices. A recent auto insurance study revealed that drivers who make a habit of shopping around saved $3,400 over four years compared to those who never compared other company’s rates.

If finding the best rates on insurance is your goal, knowing how to compare cheaper coverage can make it easier to shop your coverage around.

Best companies for cheap Porsche Cayenne insurance in Oklahoma

The following companies have been selected to offer comparison quotes in Oklahoma. If multiple companies are listed, it’s a good idea that you visit as many as you can to get the best price comparison.

Porsche Cayenne coverage analysis

The information shown below showcases detailed analysis of insurance costs for Porsche Cayenne models. Having a better understanding of how premiums are figured is important for making informed purchases.

Porsche Cayenne Insurance Rates in Oklahoma City, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayenne $296 $498 $448 $26 $134 $1,402 $117
Cayenne S $324 $564 $448 $26 $134 $1,496 $125
Cayenne GTS $324 $630 $448 $26 $134 $1,562 $130
Cayenne S Transyberia $324 $630 $448 $26 $134 $1,562 $130
Cayenne GTS PD Edition 3 $352 $694 $448 $26 $134 $1,654 $138
Cayenne Turbo $380 $694 $448 $26 $134 $1,682 $140
Cayenne Turbo S $434 $826 $448 $26 $134 $1,868 $156
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Table data does not factor in specific location information which can impact premiums greatly.

Insurance deductibles

When buying insurance, a common question is where should you set your physical damage deductibles. The premium rates below may help to conceptualize how much more rates are when you select higher and lower comp and collision deductibles. The first table uses a $100 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Porsche Cayenne insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayenne $536 $946 $448 $26 $134 $2,115 $176
Cayenne S $584 $1070 $448 $26 $134 $2,287 $191
Cayenne GTS $584 $1194 $448 $26 $134 $2,411 $201
Cayenne S Transyberia $584 $1194 $448 $26 $134 $2,411 $201
Cayenne GTS PD Edition 3 $634 $1318 $448 $26 $134 $2,585 $215
Cayenne Turbo $684 $1318 $448 $26 $134 $2,635 $220
Cayenne Turbo S $784 $1566 $448 $26 $134 $2,983 $249
Get Your Own Custom Quote Go

Porsche Cayenne insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayenne $390 $638 $448 $26 $134 $1,636 $136
Cayenne S $426 $722 $448 $26 $134 $1,756 $146
Cayenne GTS $426 $806 $448 $26 $134 $1,840 $153
Cayenne S Transyberia $426 $806 $448 $26 $134 $1,840 $153
Cayenne GTS PD Edition 3 $464 $890 $448 $26 $134 $1,962 $164
Cayenne Turbo $500 $890 $448 $26 $134 $1,998 $167
Cayenne Turbo S $572 $1058 $448 $26 $134 $2,238 $187
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Premium costs do not factor in zip code location which can raise or lower coverage prices greatly.

We can derive from the above data that using a $100 deductible would cost the average driver about $50 more each month or $600 for a full year than opting for the higher $500 deductible. Because you would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have more than 8 months between claims, you would probably be better off if you choose the higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $208
Average monthly premium for $500 deductibles (subtract): – $158
Monthly savings from raising deductible: $50
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $50
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 8 months

One important note is that increasing deductibles to lower your rates means you will have to pay more when you have to file a claim. You must have enough savings in order to pay more to get your vehicle repaired.

The diagram below demonstrates how choosing different deductibles and can affect Porsche Cayenne insurance rates for each different age category. The costs are based on a single male driver, full coverage, and no additional discounts are factored in.

Insurance prices based on gender

The example below shows the difference between Porsche Cayenne yearly insurance costs for male and female drivers. The data assumes no claims, a clean driving record, comp and collision included, $1,000 deductibles, single marital status, and no discounts are factored in.

Do you need full coverage?

The chart below visualizes the comparison of Porsche Cayenne insurance rates with full coverage compared to only the Oklahoma minimum liability coverage. The premium estimates are based on no accidents or driving violations, $1,000 deductibles, single marital status, and no other discounts are factored in.

Are you wasting money on full coverage?

There is no clear-cut formula of when to eliminate physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Porsche Cayenne replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $8,000 after paying your policy deductible. If premiums are more than $800 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are some situations where dropping physical damage coverage is not recommended. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Get cheaper Porsche Cayenne insurance in Oklahoma City with discounts

Buying auto insurance is not cheap, but there could be available discounts that can drop the cost substantially. Certain discounts will be triggered automatically at the time of purchase, but some discounts are required to be specially asked for before they will apply.Save money with discounts

Discounts save money, but please remember that most of the big mark downs will not be given to your bottom line cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. Just because it seems like all those discounts means the company will pay you, it’s just not the way it works.

The illustration below illustrates the comparison of Porsche Cayenne insurance premiums with and without some available policy discounts. The data is based on a female driver, no accidents, no driving violations, Oklahoma state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, homeowner, safe-driver, claim-free, and marriage discounts applied.

Some of the insurance companies that have many of the previously listed discounts include:

Check with each insurance company how you can save money. Savings may not apply to policies in Oklahoma City. For a list of auto insurance companies that offer multiple discounts in Oklahoma, click here to view.

Informed Drivers Can Cut Insurance Costs

Lots of factors are used in the calculation when pricing auto insurance. Most are fairly basic such as your driving record, but others are less apparent like your continuous coverage or your financial responsibility.

Your auto insurance coverage should be tailored to you

When it comes to a policy for your vehicles, there really isn’t a best way to insure your cars. Everyone’s needs are different and your auto insurance should unique, too.Auto insurance savings
Here are some questions about coverages that can aid in determining whether or not you would benefit from professional advice.

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Buying from auto insurance agents

A lot of people would prefer to talk to a local agent. One of the great benefits of comparing insurance prices online is the fact that you can find cheap rate quotes and still have a local agent.

Insurance agency in Oklahoma CityTo find an agent, once you fill out this quick form, your insurance coverage information is instantly submitted to participating agents in Oklahoma City that give free quotes to get your business. There is no reason to leave your computer due to the fact that quote results will go straight to your inbox. You’ll get the best rates without having to waste a lot of time. If you need to get a price quote for a specific company, you can always search and find their rate quote page and submit a quote form there.

Finding the right insurance company needs to be determined by more than just a cheap price. These questions are important to ask:

If you are wanting to find a reputable insurance agent or broker, it’s helpful to know the different types of agents and how they differ in how they quote coverages. Auto insurance policy providers are considered either exclusive or independent agents depending on their company appointments.

Exclusive Agencies

Agents that elect to be exclusive can usually just insure with one company and examples are AAA, Allstate, State Farm, or Farmers Insurance. They usually cannot shop your coverage around so they are skilled at selling on more than just price. They receive extensive training on the products they sell which helps offset the inability to provide other markets.

Below is a short list of exclusive agents in Oklahoma City that can give you price quote information.

3200 S Western AveOklahoma City, OK 73109(405) 635-1212View Map

2833 SW 119th StOklahoma City, OK 73170(405) 691-2464View Map

840 NW 50th StOklahoma City, OK 73118(405) 787-2626View Map

More Oklahoma City agents

Independent Agents

Independent agencies often have many company appointments and that gives them the ability to insure with many different companies and potentially find a lower price. If prices rise, your agent can just switch to a different company and you don’t have to switch agencies. When comparing auto insurance rates, you absolutely need to get rate quotes from a few independent agents to maximize your price options.

Below is a list of independent insurance agents in Oklahoma City who can help you get comparison quotes.

2814 W Britton RdOklahoma City, OK 73120(405) 286-4179View Map

5119 N Western AveOklahoma City, OK 73118(405) 217-8851View Map

7301 Broadway ExtOklahoma City, OK 73116(405) 843-9191View Map

More Oklahoma City agents

Lower rates by being persistent

We’ve covered a lot of techniques to reduce Porsche Cayenne insurance rates online in Oklahoma City. It’s most important to understand that the more times you quote, the better your chances of lowering your auto insurance rates. You may even discover the best rates are with some of the smallest insurance companies. Regional companies can often provide lower auto insurance rates in certain areas than the large multi-state companies such as Allstate or State Farm.

Cost effective Porsche Cayenne insurance is available both online in addition to local insurance agencies, so you should compare both to have the best rate selection. Some car insurance companies may not provide the ability to get a quote online and most of the time these regional carriers sell through independent agents.

When buying insurance coverage, don’t be tempted to sacrifice coverage to reduce premiums. There are too many instances where someone sacrificed full coverage only to find out they didn’t purchase enough coverage. The aim is to purchase plenty of coverage at the best price but still have enough coverage for asset protection.

To read more, feel free to visit the resources below: