Do you want a faster way to compare the cheapest Porsche Cayman insurance in Milwaukee? Locating the cheapest insurance for a Porsche Cayman in Wisconsin can be difficult, but you can use the following methods and make it easy.
There is a better way to shop for auto insurance so you’re going to learn the best way to price shop coverage on a Porsche and obtain the best price possible from Milwaukee insurance agents and online providers.
The quickest method we recommend to get policy rate comparisons for Porsche Cayman insurance in Milwaukee is to understand most of the bigger providers participate in a system to compare rate quotes. All consumers are required to do is provide a small amount of information like if it has an alarm system, if you require a SR-22, driver details, and if the car is leased. That rating information is sent automatically to many highly-rated insurers and you will get price comparisons instantly.
To compare lower-cost Porsche Cayman insurance rates now, click here and enter the information requested.
The companies shown below are our best choices to provide free quotes in Milwaukee, WI. If several companies are displayed, it’s highly recommended you visit several of them to get the best price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayman 2-Dr Coupe | $250 | $504 | $236 | $14 | $70 | $1,074 | $90 |
| Cayman S 2-Dr Coupe | $172 | $406 | $260 | $16 | $78 | $932 | $78 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in specific Milwaukee garaging location which can revise premium rates considerably.
Physical damage deductibles
The chart below illustrates how your deductible choice and can increase or decrease Porsche Cayman yearly insurance costs for different age groups of insureds. The rates are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.
Deductible comparison
When comparing car insurance rates, the most common question is how high should the physical damage coverage deductibles be. The tables below can help you visualize the cost difference between high and low policy deductibles. The first table uses a $100 comprehensive and collision deductible and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayman 2-Dr Coupe | $274 | $548 | $230 | $14 | $68 | $1,159 | $97 |
| Cayman S 2-Dr Coupe | $274 | $612 | $230 | $14 | $68 | $1,223 | $102 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayman 2-Dr Coupe | $152 | $290 | $230 | $14 | $68 | $754 | $63 |
| Cayman S 2-Dr Coupe | $152 | $322 | $230 | $14 | $68 | $786 | $66 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Table data does not factor in specific location which can modify insurance rates greatly.
We can estimate from the data above that using a $100 deductible will cost in the ballpark of $35 more each month or $420 a year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 26 months between claims, you would save money if you choose a higher deductible. The table below shows how you can do this calculation yourself.
| Average monthly premium for $100 deductibles: | $100 |
| Average monthly premium for $1,000 deductibles (subtract): | – $65 |
| Monthly savings from raising deductible: | $35 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $35 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 26 months |
One important note is that increasing deductibles to lower your rates results in having to pay to pay more out-of-pocket when you have to file a claim. That will require access to more funds in the event you have to pay more for the deductible.
Rate difference between full and liability-only coverage
The example below illustrates the difference between Porsche Cayman car insurance rates with full physical damage coverage compared to only buying liability only. The information is based on no accidents, no driving violations, $100 deductibles, married female driver, and no other discounts are factored in.
Deciding between full coverage and liability only
There is no definitive formula for excluding physical damage insurance, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s pretend your Porsche Cayman replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $4,000 after paying the physical damage deductible. If you are paying in excess of $400 a year for physical damage coverage, then it might be time to consider dropping full coverage.
There are some scenarios where dropping physical damage coverage is not a good plan. 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 your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
Insurance discounts are available to lower rates
Properly insuring your vehicles can get expensive, but there may be some discounts that you may not even be aware of. Some discounts will apply at the time you complete a quote, but some discounts are required to be manually applied in order for you to get them. If you are not receiving all the discounts possible, you are not getting the best rate possible.
- One Accident Forgiven – Not necessarily a discount, but a few companies such as GEICO and Allstate allow you one accident before your rates go up as long as you don’t have any claims for a particular time prior to the accident.
- Discount for Life Insurance – Insurance carriers who offer life insurance give a discounted rate on car insurance if you buy a life policy as well.
- Active Military Service – Having a family member in the military may qualify for rate reductions.
- Driver’s Ed – Have your child enroll in driver’s education in school or through a local driver safety program.
- Sign Online – Some larger companies provide a small discount simply for signing on the web.
- Home Ownership Discount – Owning your own home or condo can help you save on insurance since owning and maintaining a home demonstrates responsibility.
It’s important to note that most discount credits are not given to the entire policy premium. Most only apply to specific coverage prices like liability, collision or medical payments. Even though it appears all those discounts means the company will pay you, you won’t be that lucky.
A list of companies and a partial list of their discounts are detailed below.
- State Farm policyholders can earn discounts including good driver, multiple autos, accident-free, safe vehicle, driver’s education, and student away at school.
- American Family has discounts for TimeAway discount, early bird, bundled insurance, good student, defensive driver, good driver, and multi-vehicle.
- AAA has savings for multi-policy, AAA membership discount, good driver, multi-car, anti-theft, and pay-in-full.
- GEICO offers premium reductions for defensive driver, good student, membership and employees, multi-vehicle, air bags, and five-year accident-free.
- Mercury Insurance offers discounts for professional/association, multi-car, good driver, age of vehicle, and anti-theft.
- Farmers Insurance includes discounts for electronic funds transfer, distant student, business and professional, pay in full, multi-car, homeowner, and mature driver.
- Progressive offers discounts including continuous coverage, multi-vehicle, homeowner, multi-policy, and good student.
If you are trying to find cheaper Milwaukee car insurance quotes, ask all companies you are considering which discounts they offer. A few discounts may not apply in Milwaukee. For a list of providers that offer many of these discounts in Milwaukee, click this link.
Learn How to Get Insurance More Affordably
Many factors are used when pricing auto insurance. Some of the criteria are obvious such as traffic violations, but others are less apparent such as whether you are married or your vehicle rating. An important part of buying insurance is that you know the different types of things that aid in calculating the level of your policy premiums. When consumers understand what impacts premium levels, this enables you to make decisions that may result in lower premium levels.
Tickets and citations cost more than a fine – Attentive drivers receive lower rates compared to bad drivers. Just one driving citation can increase the cost of insurance substantially. Drivers who have gotten multiple tickets like DWI, reckless driving or hit and run convictions might be required by their state to prove financial responsibility with the DMV in their state in order to prevent a license revocation.
Don’t cancel your insurance without a new one in place – Not maintaining insurance can get you a ticket and insurance companies will penalize you for letting your coverage have a gap. In addition to paying higher rates, being ticketed for driving with no insurance may result in fines or a revoked license. You may have to submit proof of financial responsibility or a SR-22 with the Wisconsin motor vehicle department.
Marriage brings a discount – Getting married may save some money when buying insurance. Having a spouse usually means you are more mature and responsible and statistics prove drivers who are married file infrequent claims.
Extra coverages can cost a lot – There are many extra coverages you can purchase on your Cayman policy. Things like roadside assistance, better glass coverage, and Farm Bureau memberships may be costing you every month. These may sound like a good investment initially, but if you don’t need them eliminate the coverages to reduce your premium.
Gender and car insurance – The statistics show that females take fewer risks when driving. The data does not necessarily mean that men are WORSE drivers than women. Both sexes are in auto accidents in similar numbers, but the men have costlier accidents. Men also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly. Youthful male drivers have the highest risk to insure and therefore are the most expensive to insure.
Protect yourself with liability coverage – Your insurance policy’s liability coverage is the coverage that protects you if ever you are found to be at fault for causing personal injury or damage in an accident. It will provide legal defense coverage which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so insureds should have plenty of protection for their assets.
Claims statistics for a Porsche Cayman – Insurers use data from past claims to calculate a rate that will offset losses. Models that the data determines to have a trend towards higher claim severity or frequency will cost more for coverage.
The next table illustrates the historical insurance loss data for Porsche Cayman vehicles. For each policy coverage, the claim amount for all vehicles compiled together is set at 100. Values that are 100 or less suggest a better than average loss history, while values over 100 show a trend for more claims or an increased likelihood of larger losses.
Porsche Cayman Insurance Loss Statistics
| Specific Porsche Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Porsche Cayman 2dr | 183 | 40 | 99 | 36 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Auto insurance quotes from local Milwaukee insurance agencies
Many people would rather talk to a local agent and that is a personal choice. Professional insurance agents can help determine the best coverages and help submit paperwork. One of the great benefits of comparing rate quotes online is that drivers can save money and get cheaper car insurance rates and still have an agent to talk to. Buying from local agents is still important in Milwaukee.
By using this form (opens in new window), your insurance coverage information is instantly submitted to local insurance agents in Milwaukee that provide free Milwaukee car insurance quotes to get your business. You won’t even need to search for any insurance agencies because prices are sent to your email. If for some reason you want to get a rate quote from one company in particular, don’t hesitate to search and find their rate quote page and fill out their quote form.
When narrowing the list to find a reputable agency, you must know there are a couple types of agencies and how they differ in how they can insure your vehicles. Auto insurance policy providers can be categorized as either independent or exclusive. Either one can handle auto insurance, but it’s good to learn the differences because it can influence the type of agent you choose.
Independent Agents (or Brokers)
These agents often have affiliation with several companies so they can insure your vehicles with multiple insurance companies and get the cheapest rates. If your premiums go up, the agent simply finds a different carrier which requires no work on your part. When comparison shopping, it’s recommended you get several quotes from at least one independent agent for maximum quote selection. Most independent agents also contract with different regional companies which could offer lower prices.
The following are Milwaukee independent agents that may be able to give you price quotes.
- See Insurance
4680 W Bradley Rd #203 – Milwaukee, WI 53223 – (414) 355-5433 – View Map - Billy Brown Insurance
715 Milwaukee St – Delafield, WI 53018 – (262) 646-8252 – View Map - Schwade Insurance Agency, Inc.
8131 W Capitol Dr – Milwaukee, WI 53222 – (414) 462-5000 – View Map
Exclusive Agents
Agents that choose to be exclusive can only provide one company’s prices and some examples include State Farm or Allstate. Exclusive agencies are unable to provide rate quotes from other companies so they are skilled at selling on more than just price. Exclusive agents are trained well on the products they sell and that allows them to sell at a higher price point. Some consumers prefer to use the same agent partially due to the brand and solid financial strength.
Shown below are exclusive agencies in Milwaukee that can give you rate quotes.
- Len Cratic Jr – State Farm Insurance Agent
10721 W Capitol Dr #127 – Milwaukee, WI 53222 – (414) 527-4288 – View Map - American Family Insurance – Edward Thomas
4641 W Forest Home Ave – Milwaukee, WI 53219 – (414) 327-4770 – View Map - State Farm Insurance
2121 S Kinnickinnic Ave #7 – Milwaukee, WI 53207 – (414) 483-3300 – View Map
Picking the best car insurance agent should include more criteria than just a cheap quote. A good agent in Milwaukee will have answers to these questions.
- Will they take your side in the event of a claim?
- Is working in the agency their full-time job?
- Do the companies they represent have a solid financial rating?
- How long has their agency been in business in Milwaukee?
- Will the company cover a rental car if your car is getting fixed?
- How many companies do they write for?
Don’t give up on cheap coverage
Some auto insurance companies don’t offer internet price quotes and these small, regional companies only sell coverage through independent insurance agencies. Lower-priced auto insurance in Milwaukee can be purchased online and from local insurance agents, and you should be comparing both so you have a total pricing picture.
Throughout this article, we presented a lot of tips how to save on Porsche Cayman insurance in Milwaukee. The key thing to remember is the more providers you compare, the better your comparison will be. You may even find the best rates are with a small local company.
When getting Milwaukee car insurance quotes online, do not reduce needed coverages to save money. There are many occasions where someone sacrificed full coverage only to find out that a couple dollars of savings turned into a financial nightmare. The aim is to find the BEST coverage for the lowest price, but don’t skip important coverages to save money.
More information
- Older Drivers FAQ (iihs.org)
- Who Has Cheap Milwaukee Car Insurance for Homeowners? (FAQ)
- Who Has Affordable Milwaukee Auto Insurance for 4×4 Vehicles? (FAQ)
- Who Has the Cheapest Car Insurance for a Ford Fusion in Milwaukee? (FAQ)
- Who Has Cheap Car Insurance Quotes for Uninsured Drivers in Milwaukee? (FAQ)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Young Drivers: The High Risk Years Video (iihs.org)
- Eight Auto Insurance Myths (Insurance Information Institute)