The most effective way to find more affordable Porsche Panamera insurance is to start comparing prices yearly from companies who can sell car insurance in Sacramento. Price quotes can be compared by following these steps.
- Get a basic knowledge of the coverage provided by your policy and the steps you can take to prevent high rates. Many things that result in higher rates such as at-fault accidents, speeding tickets, and a negative credit history can be amended by making lifestyle changes or driving safer. Continue reading for the details to help prevent expensive coverage and earn a bigger discount.
- Request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like GEICO or Allstate, while agents who are independent can provide price quotes for a wide range of insurance providers.
- Compare the new quotes to your existing coverage to see if cheaper Panamera coverage is available. If you can save some money and change companies, make sure coverage is continuous and does not lapse.
- Provide adequate notice to your current company to cancel your current policy. Submit payment along with a signed and completed policy application to your new company or agent. Don’t forget to keep the new proof of insurance paperwork with your vehicle’s registration.
An important note is to make sure you enter the same coverage limits and deductibles on every quote request and and to get price quotes from as many different companies as possible. Doing this guarantees an accurate price comparison and plenty of rates choose from.
We don’t have to tell you that auto insurance companies don’t want their customers to go rate shopping. Drivers who compare rates once a year are very likely to buy a new policy because there is a great chance of finding a lower rate. A recent survey discovered that people who routinely shopped for cheaper coverage saved an average of $860 a year compared to policyholders who don’t make a habit of comparing rates.
If finding discount rates on Porsche Panamera insurance is your ultimate target, then having a grasp of the best way to shop and compare insurance premiums can make it easier for you to save money.
If you have a current insurance policy, you will surely be able to find better prices using this information. Pricing affordable protection in Sacramento is easy if you know what you’re doing. Although California drivers benefit from understanding how companies market on the web because it varies considerably.
Discounts can help lower premiums on Porsche Panamera insurance in Sacramento
Car insurance is not inexpensive, but there could be available discounts that can dramatically reduce your bill. Many of these discounts will be applied automatically at the time of purchase, but some need to be specifically requested before you get the savings.
- Student Driver Training – Reduce the cost of insurance for teen drivers by having them successfully complete driver’s ed class if it’s offered in school.
- Telematics Data – Insureds who allow driving data collection to monitor vehicle usage remotely such as State Farm’s In-Drive may see discounts if they have good driving habits.
- Good Student Discount – Being a good student can save 20 to 25%. This discount can apply until age 25.
- Seat Belt Usage – Drivers who require all vehicle occupants to use a seat belt could save 15% off the PIP or medical payment premium.
- Pay Upfront and Save – By paying your entire bill at once rather than spreading payments over time you can avoid the installment charge.
- Multi-line Discount – Car insurance companies who offer life insurance give a discounted price on car insurance if you buy some life insurance in addition to your auto policy.
- Discount for Low Mileage – Low mileage vehicles may enable drivers to earn substantially lower prices.
- Mature Driver Discount – If you’re over the age of 55, you could receive a slight reduction on a Sacramento car insurance quote.
- Passive Restraint Discount – Vehicles with factory air bags or automatic seat belts can qualify for discounts as much as 30%.
- ABS Brakes – Cars equipped with ABS or steering control can stop better under adverse conditions and earn discounts up to 10%.
As a sidenote, most credits do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, insurance companies wouldn’t stay in business. But any discount should help lower your policy premium.
The chart below shows the comparison of Porsche Panamera insurance prices with and without some available policy discounts. The rates are based on a female driver, no claims or driving citations, California 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 safe-driver, marriage, multi-policy, multi-car, claim-free, and homeowner discounts applied.
To view insurers who offer free Porsche Panamera insurance quotes in California, click this link.
The fastest way that we advise to compare rate quotes for Porsche Panamera insurance in Sacramento is to realize almost all companies pay for the opportunity to compare their rates. To get started, all you need to do is provide a little information such as if you lease or own, level of coverage desired, if you’re married, and driver details. Your information is automatically sent to multiple insurance providers and they return rate quotes almost instantly.
If you would like to compare rates now, click here and complete the quick form.
The following companies have been selected to offer price comparisons in Sacramento, CA. If multiple companies are listed, we suggest you click on several of them to get a more complete price comparison.
Porsche Panamera insurance rate analysis
The coverage table displayed next covers estimates of insurance coverage prices for Porsche Panamera models. Being more informed about how insurance policy rates are figured can assist in making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $660 | $1494 | $534 | $32 | $160 | $2,880 | $240 |
| Panamera 4S AWD 4-Dr Hatchback | $660 | $1634 | $534 | $32 | $160 | $3,020 | $252 |
| Panamera Turbo AWD 4-Dr Hatchback | $756 | $1916 | $534 | $32 | $160 | $3,398 | $283 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price estimates do not factor in specific location information which can decrease or increase coverage rates greatly.
Comparison of policy deductibles
When comparing insurance rates, the most common question is how high should your deductibles be. The figures shown below determine the rate fluctuation when you buy lower versus higher policy deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $674 | $1298 | $442 | $26 | $132 | $2,597 | $216 |
| Panamera 4S AWD 4-Dr Hatchback | $674 | $1422 | $442 | $26 | $132 | $2,721 | $227 |
| Panamera Turbo AWD 4-Dr Hatchback | $772 | $1666 | $442 | $26 | $132 | $3,063 | $255 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $374 | $684 | $442 | $26 | $132 | $1,658 | $138 |
| Panamera 4S AWD 4-Dr Hatchback | $374 | $748 | $442 | $26 | $132 | $1,722 | $144 |
| Panamera Turbo AWD 4-Dr Hatchback | $428 | $878 | $442 | $26 | $132 | $1,906 | $159 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Estimates do not factor in Sacramento location which can influence prices noticeably.
Based on these figures, using a $100 deductible will cost you about $86 more each month or $1032 each year than buying the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 10 months between claims, you would save money going with the higher deductible. Here’s the way you can come to your own conclusion.
| Average monthly premium for $100 deductibles: | $233 |
| Average monthly premium for $1,000 deductibles (subtract): | – $147 |
| Monthly savings from raising deductible: | $86 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $86 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 10 months |
An important thing to remember is that a higher deductible means you will have to cover more of the damage yourself when you file a claim. That will require some funds available in the event you have to pay the deductible to have repairs made.
The information below shows how choosing a deductible and can change Porsche Panamera insurance premiums for different ages of insureds. The information is based on a married female driver, full coverage, and no additional discounts are factored in.
Responsible drivers pay cheaper Sacramento insurance rates
The diagram below shows how violations and at-fault collisions can influence Porsche Panamera car insurance rates for each different age group. The rate quotes are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.
Full coverage rates vs. liability-only in Sacramento
The chart below shows the difference between Porsche Panamera auto insurance costs when comparing full coverage to state minimum liability only. The price estimates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are applied.
When to stop buying physical damage coverage
There is no set guideline to exclude full coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s pretend your Porsche Panamera settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after you pay the deductible. If you are paying in excess of $500 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are some cases where dropping physical damage coverage is not a good idea. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Learn How to Lower Your Insurance Costs
Smart consumers have a good feel for the factors that go into determining your premiums. If you understand what influences your rates, this helps enable you to make changes that can help you get cheaper rates.
The factors shown below are some of the factors that factor into your prices.
Your gender affects premiums – Statistics show women are more cautious behind the wheel. Now that doesn’t mean men are worse drivers. Women and men cause at-fault accidents in similar numbers, but guys cause more damage and cost insurance companies more money. Not only are claims higher, but men get ticketed for serious violations like DWI (DUI) or reckless driving. Male teenagers have the highest risk to insure and are penalized with high insurance rates.
The chart below visualizes the comparison of Porsche Panamera car insurance costs for male and female drivers. Data assumes no accidents, no driving violations, comprehensive and collision coverage, $500 deductibles, single marital status, and no discounts are factored in.
Lower prices with theft deterrents – Owning a car with a theft deterrent system can help lower your premiums. Systems that thwart thieves such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder vehicle theft.
Don’t skimp on liability insurance – Liability coverage will afford coverage in the event that you are determined to be liable for damages caused by your negligence. It provides legal defense which can be incredibly expensive. Liability is cheap when compared to the cost of physical damage coverage, so buy as much as you can afford.
Married drivers get better costs – Walking down the aisle may cut your premiums on your policy. Having a spouse demonstrates that you tend to be less irresponsible and it’s statistically proven that married drivers tend to have fewer serious accidents.
Porsche Panamera insurance loss data – Companies factor in historical loss data when setting rates for each model. Vehicles that historically have high amounts or severity of claims will cost more for specific coverages.
The table below illustrates the historical loss data for Porsche Panamera vehicles. For each policy coverage, the claim probability for all vehicles, regardless of make, model or trim level, is equal to 100. Percentage numbers below 100 indicate a favorable loss history, while numbers that are greater than 100 indicate more frequent losses or a tendency for losses to be larger than average.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Porsche Panamera 4dr | 236 | 94 | 265 | 57 | ||
| Porsche Panamera GTS 4dr 4WD | 246 | 48 | 467 | |||
| Porsche Panamera Turbo 4dr 4WD | 242 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Compare rates but work with a neighborhood Sacramento auto insurance agent
Some consumers just want to go talk to an agent and doing that can be a smart decision A nice benefit of comparing rate quotes online is you may find the best rates and still have an agent to talk to. Buying insurance from neighborhood agents is definitely important in Sacramento.
To make it easy to find an agent, after completing this quick form, the coverage information is instantly submitted to insurance agents in Sacramento who will give competitive quotes for your coverage. It’s much easier because you don’t need to contact any insurance agencies since rate quotes are delivered to your email. Get lower rates and a licensed agent to talk to. If you have a need to compare rates from a particular provider, just find their quoting web page and complete a quote there.
If you need to find local Sacramento agents, you should know the different types of agents and how they are distinctly different. Car insurance agents are categorized either independent (non-exclusive) or exclusive.
Independent Car Insurance Agencies or Brokers
Agents that elect to be independent are not restricted to one company so they can quote policies with a variety of different insurance companies and help determine which has the cheapest rates. If your agent finds better pricing, they simply switch companies in-house which requires no work on your part.
When comparing rates, you should always compare quotes from several independent insurance agents to have the most options to choose from. They often place coverage with smaller mutual companies that may have much lower rates than larger companies.
Shown below are independent agencies in Sacramento that can give you rate quotes.
- Eugene C Yates Insurance
Sacramento, CA 95814 – Sacramento, CA 95814 – (916) 442-8841 – View Map - Nationwide Insurance: Rielli Insurance and Financial Services LLC
7 Parkcenter Dr #125 – Sacramento, CA 95825 – (916) 234-1490 – View Map - Indus Insurance Agency Incorporated
6968 65th St – Sacramento, CA 95823 – (916) 391-3000 – View Map
Exclusive Agencies
These agents have only one company to place business with and some examples include Allstate, AAA, Farmers Insurance, and State Farm. These agents are unable to give you multiple price quotes so they have to upsell other benefits. Exclusive insurance agents are well trained on their company’s products which helps them sell insurance even at higher premiums. Drivers often purchase coverage from exclusives partially due to the brand and the convenience of having all coverages with one company.
The following is a list of exclusive insurance agencies in Sacramento that are able to give comparison quotes.
- State Farm Insurance: Max Lam
2840 Del Paso Rd #300 – Sacramento, CA 95834 – (916) 575-7600 – View Map - Tim Kwong – State Farm Insurance Agent
1035 Jefferson Blvd #5 – West Sacramento, CA 95691 – (916) 371-4730 – View Map - Wally Navarrette – State Farm Insurance Agent
4030 S Land Park Dr d – Sacramento, CA 95822 – (916) 454-5331 – View Map
Picking a auto insurance agent shouldn’t rely on just the bottom line cost. Some important questions to ask are:
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Will they give you a referral list?
- How many companies do they write for?
- Do they offer accident forgiveness?
- Do they have cheaper tiers of coverage?
- Do you qualify for any additional discounts?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- If your car is totaled, how to they determine the replacement cost?
Why you need insurance for your vehicle
Despite the high cost, insurance serves several important purposes.
- Just about all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability in order to drive the car. In California 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, it’s most likely the lender will require that you carry insurance to guarantee loan repayment. If you let the policy lapse, the bank may insure your Porsche for a much higher rate and force you to reimburse them the higher premium.
- Insurance safeguards not only your Porsche Panamera but also your financial assets. It also can pay for all forms of medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, will also pay attorney fees if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of buying insurance more than offset the price you pay, particularly for liability claims. Today the average American driver overpays more than $800 each year so we recommend shopping around at least once a year to make sure the price is not too high.
Which auto insurance company is best in Sacramento?
Picking the top car insurance provider is difficult considering how many companies sell insurance in California. The rank data in the next section can help you choose which providers to look at when shopping your coverage around.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| AAA of Southern California | 91 | 94 | 97 | 92% | A+ | 94.1 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
In the end, you can save money
As you prepare to switch companies, do not sacrifice coverage to reduce premiums. In many instances, an accident victim reduced liability coverage limits only to discover later that the savings was not a smart move. Your goal is to find the BEST coverage for the lowest cost, but do not sacrifice coverage to save money.
Low-cost Porsche Panamera insurance in Sacramento can be bought from both online companies in addition to many Sacramento insurance agents, and you need to price shop both to have the best chance of lowering rates. A few companies don’t offer online price quotes and these small insurance companies only sell coverage through independent insurance agents.
You just read quite a bit of information on how to find cheaper Porsche Panamera insurance in Sacramento. The most important thing to understand is the more companies you get premium rates for, the better chance you’ll have of finding affordable Sacramento car insurance quotes. You may even find the lowest priced insurance comes from a small mutual company.
More resources
- Choosing an Insurance Company (Insurance Information Institute)
- How Much is Sacramento Auto Insurance for a Nissan Rogue? (FAQ)
- Who Has Affordable Sacramento Auto Insurance for Teenage Males? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for a Ford Escape in Sacramento? (FAQ)
- How Much are Sacramento Car Insurance Rates for State Employees? (FAQ)
- Driving in Bad Weather (Insurance Information Institute)
- What does Personal Injury Protection (PIP) Cover? (Allstate)