If you want to save the most money, the best way to get more affordable Porsche 911 insurance is to begin comparing prices regularly from insurers in Jersey City.
- Step 1: Gain an understanding of car insurance and the modifications you can make to prevent rate increases. Many rating factors that result in higher rates like careless driving and a not-so-good credit history can be eliminated by making minor driving habit or lifestyle changes.
- Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from one company like Progressive or Farmers Insurance, while independent agencies can provide price quotes for many different companies.
- Step 3: Compare the price quotes to your existing rates to see if switching to a new carrier will save money. If you find a lower rate quote and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Tell your current agent or company of your intention to cancel the current policy and submit payment along with a signed and completed policy application for the new policy. As soon as coverage is bound, safely store the certificate of insurance somewhere easily accessible.
A valuable tip to remember is to make sure you enter similar coverage information on each quote request and and to get rates from as many different companies as possible. This guarantees a fair rate comparison and the best price quote selection.
It goes without saying that auto insurance companies don’t want you comparing rates. Insureds who shop around annually are very likely to switch to a new company because of the good chance of finding a more affordable policy premium. A recent survey discovered that drivers who shopped around saved approximately $72 a month compared to people who never shopped around for better prices.
If finding the cheapest price for auto insurance in Jersey City is your objective, then understanding the best ways to find and compare coverages can help simplify the process.
Quoting and comparing rates for the most affordable auto insurance policy in Jersey City is not that difficult. If you are already insured or just want cheaper rates, you can use this information to shop for the lowest rates without reducing coverage. You just have to understand the proper way to compare insurance rates online from multiple companies.
Finding cheaper insurance prices is not a difficult process. The only requirement is to take time comparing price quotes to find the company with cheaper Jersey City auto insurance quotes.
It’s so simple to compare insurance rate quotes online makes it obsolete to drive to each insurance agency near you. The ability to quote Porsche 911 insurance online eliminates the need for an insurance agent unless you require the professional assistance of a local agent. Although you can comparison shop online but have your policy serviced through an agent.
The providers in the list below provide price quotes in Jersey City, NJ. If you wish to find cheap car insurance in NJ, we recommend you compare several of them in order to get a fair rate comparison.
Statistics and details
The coverage information shown next showcases detailed analysis of coverage costs for Porsche 911 models. Learning how auto insurance prices are established can assist in making informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $444 | $936 | $490 | $30 | $146 | $2,046 | $171 |
| 911 Carrera 4 2-Dr Coupe | $482 | $936 | $490 | $30 | $146 | $2,084 | $174 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $482 | $936 | $416 | $24 | $124 | $1,982 | $165 |
| 911 Carrera 2 S 2-Dr Coupe | $482 | $936 | $490 | $30 | $146 | $2,084 | $174 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $482 | $936 | $416 | $24 | $124 | $1,982 | $165 |
| 911 Carrera 4S 2-Dr Coupe | $482 | $1024 | $490 | $30 | $146 | $2,172 | $181 |
| 911 Carrera Targa 2-Dr Coupe | $482 | $1024 | $490 | $30 | $146 | $2,172 | $181 |
| 911 Carrera 2 S 2-Dr Convertible | $482 | $1024 | $416 | $24 | $124 | $2,070 | $173 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $518 | $936 | $416 | $24 | $124 | $2,018 | $168 |
| 911 Carrera Targa S 2-Dr Coupe | $518 | $1024 | $490 | $30 | $146 | $2,208 | $184 |
| 911 GT3 2-Dr Coupe | $518 | $1112 | $490 | $30 | $146 | $2,296 | $191 |
| 911 GT3 RS 2-Dr Coupe | $594 | $1200 | $490 | $30 | $146 | $2,460 | $205 |
| 911 Turbo 2-Dr Coupe | $594 | $1200 | $490 | $30 | $146 | $2,460 | $205 |
| 911 Turbo 2-Dr Convertible | $594 | $1288 | $416 | $24 | $124 | $2,446 | $204 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in vehicle location which can revise insurance rates considerably.
Deductible analysis
The hardest decision when buying coverage is how low should you set your deductibles. The tables below lay out how much more rates are when you buy lower versus higher coverage deductibles. The first set of rates uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $562 | $1184 | $480 | $28 | $144 | $2,423 | $202 |
| 911 Carrera 4 2-Dr Coupe | $610 | $1184 | $480 | $28 | $144 | $2,471 | $206 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $610 | $1184 | $408 | $24 | $122 | $2,373 | $198 |
| 911 Carrera 2 S 2-Dr Coupe | $610 | $1184 | $480 | $28 | $144 | $2,471 | $206 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $610 | $1184 | $408 | $24 | $122 | $2,373 | $198 |
| 911 Carrera 4S 2-Dr Coupe | $610 | $1296 | $480 | $28 | $144 | $2,583 | $215 |
| 911 Carrera Targa 2-Dr Coupe | $610 | $1296 | $480 | $28 | $144 | $2,583 | $215 |
| 911 Carrera 2 S 2-Dr Convertible | $610 | $1296 | $408 | $24 | $122 | $2,485 | $207 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $658 | $1184 | $408 | $24 | $122 | $2,421 | $202 |
| 911 Carrera Targa S 2-Dr Coupe | $658 | $1296 | $480 | $28 | $144 | $2,631 | $219 |
| 911 GT3 2-Dr Coupe | $658 | $1406 | $480 | $28 | $144 | $2,741 | $228 |
| 911 GT3 RS 2-Dr Coupe | $754 | $1518 | $480 | $28 | $144 | $2,949 | $246 |
| 911 Turbo 2-Dr Coupe | $754 | $1518 | $480 | $28 | $144 | $2,949 | $246 |
| 911 Turbo 2-Dr Convertible | $754 | $1630 | $408 | $24 | $122 | $2,963 | $247 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 911 Carrera 2 2-Dr Coupe | $348 | $744 | $480 | $28 | $144 | $1,744 | $145 |
| 911 Carrera 4 2-Dr Coupe | $378 | $744 | $480 | $28 | $144 | $1,774 | $148 |
| 911 Carrera 2 Cabriolet 2-Dr Convertible | $378 | $744 | $408 | $24 | $122 | $1,676 | $140 |
| 911 Carrera 2 S 2-Dr Coupe | $378 | $744 | $480 | $28 | $144 | $1,774 | $148 |
| 911 Carrera 4 Cabriolet 2-Dr Convertible | $378 | $744 | $408 | $24 | $122 | $1,676 | $140 |
| 911 Carrera 4S 2-Dr Coupe | $378 | $814 | $480 | $28 | $144 | $1,844 | $154 |
| 911 Carrera Targa 2-Dr Coupe | $378 | $814 | $480 | $28 | $144 | $1,844 | $154 |
| 911 Carrera 2 S 2-Dr Convertible | $378 | $814 | $408 | $24 | $122 | $1,746 | $146 |
| 911 Carrera 4S Cabriolet 2-Dr Convertible | $406 | $744 | $408 | $24 | $122 | $1,704 | $142 |
| 911 Carrera Targa S 2-Dr Coupe | $406 | $814 | $480 | $28 | $144 | $1,872 | $156 |
| 911 GT3 2-Dr Coupe | $406 | $884 | $480 | $28 | $144 | $1,942 | $162 |
| 911 GT3 RS 2-Dr Coupe | $466 | $954 | $480 | $28 | $144 | $2,072 | $173 |
| 911 Turbo 2-Dr Coupe | $466 | $954 | $480 | $28 | $144 | $2,072 | $173 |
| 911 Turbo 2-Dr Convertible | $466 | $1026 | $408 | $24 | $122 | $2,046 | $171 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rate information does not factor in specific location information which can revise premium rates considerably.
Using the data above, we can ascertain that using a $250 deductible costs an average of $63 more each month or $756 for a full year across all Porsche 911 models than choosing the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 12 months between claim filings, you would probably come out ahead going with the higher deductible.
Cost comparison with and without full coverage
The diagram below visualizes the comparison of Porsche 911 insurance prices with and without full coverage. The rate quotes are based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no other discounts are factored in.
When to drop full coverage
There is no clear-cut formula to delete physical damage insurance, but there is a general guideline. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.
For example, let’s assume your Porsche 911 book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $6,000 after paying your deductible. If you are paying over $600 annually for your policy with full coverage, then it might be time to consider dropping full coverage.
There are a few cases where dropping full coverage is not a good idea. If you haven’t paid off your loan, you must maintain physical damage coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should maintain full coverage.
Buying the right vehicle insurance in New Jersey is an important decision
Despite the high cost of buying insurance for a Porsche 911 in Jersey City, insuring your vehicle may not be optional for several reasons.
- Most states have minimum liability requirements which means it is punishable by state law to not carry a minimum amount of liability in order to drive the car. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your Porsche, most lenders will require you to have physical damage coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Porsche at a much higher rate and force you to pay a much higher amount than you were paying before.
- Insurance safeguards both your Porsche 911 and your assets. It will also reimburse you for all forms of medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses in the event you are sued. If your vehicle suffers damage from an accident or hail, your policy will pay to repair the damage.
The benefits of carrying adequate insurance outweigh the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $865 each year so compare rates at every policy renewal to ensure rates are competitive.
Quote Porsche 911 Insurance Cheaper
Many things are part of the equation when you get your auto insurance bill. Some factors are common sense like an MVR report, although others are more transparent like your continuous coverage and annual miles driven.
Are males or females drivers cheaper? – Statistics have proven females are less aggressive when driving. It does not mean women are BETTER drivers than men. Females and males have at-fault accidents at a similar rate, but men tend to have more serious accidents. Men also get higher numbers of serious violations like reckless driving and DUI. Youthful male drivers are the most expensive to insure and therefore are the most expensive to insure.
The example below shows the comparison of Porsche 911 annual premium costs for male and female drivers. The prices are based on no violations or claims, full coverage, $500 deductibles, marital status is single, and no other discounts are factored in.
Raise your deductibles for better rates – Physical damage protection, also called ‘full coverage’, is used to repair damage to your Porsche. A few examples of covered claims could be a broken side mirror, hitting a deer, and rolling your vehicle. Your deductibles tell how much you are willing to pay if a covered claim is submitted. The higher the amount you have to pay, the lower your rates will be.
Cheap rates for being claim-free – If you’re an insured who likes to file claims you can look forward to much higher rates or policy non-renewal. Car insurance companies in New Jersey award better rates to insureds who are claim-free. Your car insurance is designed for more catastrophic claims.
Impacts performance impacts auto insurance prices – The performance level of the vehicle you are buying insurance for makes a significant difference in your premium level. Small economy passenger vehicles receive the most favorable rates, but that’s not the only thing that factors into the final price.
The data below uses these variables: single male driver age 30, full coverage with $100 deductibles, and no discounts or violations. The chart compares Porsche 911 rates compared to other vehicles that have different performance rating factors.
Porsche 911 claim data – Auto insurance companies take into consideration historical loss data for every vehicle when they calculate premium prices for each model. Models that have a trend towards higher claim severity or frequency will have higher rates. The next table shows the historical insurance loss data for Porsche 911 vehicles.
For each coverage type, the claim amount for all vehicles, as a total average, is a value of 100. Values that are below 100 suggest losses that are better than average, while numbers that are greater than 100 indicate more frequent losses or tendency to have higher losses.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Porsche 911 Carrera 2dr | 191 | 47 | 173 | 24 | ||
| Porsche 911 Carrera Convertible | 197 | 51 | 224 | 36 | ||
| Porsche 911 Turbo 2dr 4WD | 349 | 367 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Jersey City car insurance discounts
Auto insurance companies don’t always advertise every discount they offer in an easy-to-find place, so the list below contains a few of the more common and the more hidden discounts that may be available. If you check and find you aren’t receiving every discount you deserve, you are paying more than you should be.
- Telematics Discount – Insureds that choose to allow driving data collection to spy on driving patterns through the use of a telematics system such as Allstate’s Drivewise and State Farm’s In-Drive system could see a rate decrease if they are good drivers.
- Seat Belts Save more than Lives – Forcing all vehicle occupants to buckle their seat belts can save up to 15% off the PIP or medical payment premium.
- Distant College Student Discount – Kids who are enrolled in higher education away from home and do not have access to a covered vehicle may be able to be covered for less.
- Driver’s Ed – Cut your cost by having your teen driver enroll and complete driver’s education if it’s offered in school.
- Mature Driver Discount – Mature drivers may qualify for a small decrease in premiums.
- E-sign – Some of the larger companies will provide an incentive for buying your policy on the internet.
- Theft Prevention System – Vehicles that have factory alarm systems and tracking devices help deter theft and that can save you a little bit as well.
- Lower Rates for Military – Having an actively deployed family member could mean lower rates.
- Government Employees – Active or retired federal employment could cut as much as 10% off depending on your company.
One last thing about discounts, most credits do not apply to the entire cost. A few only apply to individual premiums such as liability, collision or medical payments. So even though they make it sound like all the discounts add up to a free policy, you won’t be that lucky. But all discounts should definitely cut your overall premium however.
The illustration below shows the difference between Porsche 911 insurance prices with and without discounts applied to the rates. The premiums are based on a male driver, no tickets, no at-fault accidents, New Jersey state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, claim-free, marriage, and homeowner discounts applied.
A few popular companies and their offered discounts are included below.
- 21st Century discounts include defensive driver, theft prevention, student driver, early bird, anti-lock brakes, and teen driver.
- Progressive may include discounts for continuous coverage, online signing, good student, multi-policy, homeowner, and online quote discount.
- State Farm may offer discounts for multiple policy, driver’s education, safe vehicle, Steer Clear safe driver discount, good driver, and good student.
- Nationwide has discounts for business or organization, family plan, multi-policy, good student, anti-theft, and easy pay.
- Esurance offers discounts including renters, homeowner, online quote, good driver, safety device, and multi-policy.
- The Hartford has savings for vehicle fuel type, anti-theft, good student, air bag, driver training, and defensive driver.
Before buying, ask every company what discounts are available to you. All car insurance discounts may not be offered everywhere. To locate insurers that offer discounts in Jersey City, click this link.
Special considerations
Keep in mind that when it comes to choosing your policy, there isn’t really a one size fits all plan. Every situation is different and your auto insurance should unique, too.
For instance, these questions can aid in determining whether your personal situation might need an agent’s assistance.
- Is my nanny covered when transporting my kids?
- What exactly is covered by my policy?
- What is medical payments coverage?
- Am I covered if I drive in a foreign country?
- Should I get collision insurance on every vehicle?
- What policy terms are available?
- Do I need replacement cost coverage?
If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, free and can provide invaluable advice.
When should I have guidance from an insurance agent?
Many drivers would rather go talk to an agent. Good agents are very good at helping people manage risk and help you file claims. One of the great benefits of getting free rate quotes online is the fact that drivers can get lower rates and still choose a local agent. Supporting local agents is definitely important in Jersey City.
To help locate an agent, after submitting this form (opens in new window), your insurance coverage information is instantly submitted to local insurance agents who will give competitive quotes to get your business. You won’t even need to visit any agencies due to the fact that quote results will go to you. If you want to get a comparison quote from a specific company, just jump over to their website and give them your coverage information.
Finding the right insurer needs to be determined by more than just a cheap quote. These are some valid questions you should ask.
- What kind of financial rating does the company have?
- Did they already check your driving record and credit reports?
- Are there any extra charges for paying monthly?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Are they paid to recommend certain coverages?
- Do they have any clout with companies to ensure a fair claim settlement?
If you feel you receive answers to your satisfaction to your questions and a good coverage price, you have narrowed it down to an insurer that is professional and can properly service your car insurance policy. Just remember you have the power to cancel your coverage any time you want so don’t feel you are locked into a specific company for the full term.
One last note
Cheaper auto insurance in Jersey City can be purchased both online and with local Jersey City insurance agents, and you need to comparison shop both so you have a total pricing picture. A few companies do not provide online rate quotes and most of the time these regional insurance providers sell through local independent agencies.
We just presented many ways to shop for Porsche 911 insurance online. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. Consumers may even find the lowest priced auto insurance comes from some of the smallest insurance companies. They may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.
More tips and info about auto insurance is located in these articles:
- Safe Vehicles for Teens (iihs.org)
- What Insurance is Cheapest for Good Students in Jersey City? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Drivers Over Age 60 in Jersey City? (FAQ)
- How Much are Jersey City Auto Insurance Quotes for Drivers Over Age 50? (FAQ)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)