Auto Insurance Rates for a Porsche Boxster in Honolulu

Do you want a faster way to compare more competitive Porsche Boxster insurance in Honolulu? If you are new to online insurance, most likely you are baffled thanks to the huge assortment of insurance companies competing for your business.

We don’t have to point out that fact that insurance companies don’t want policyholders to compare prices from other companies. People who shop around for cheaper prices will probably move their business because they have good chances of finding a policy with better rates. A survey found that consumers who made a habit of comparing rates saved $3,400 over four years as compared to drivers who never shopped around.

If finding low prices for auto insurance is why you’re reading this, then having some insight into how to choose a company and compare auto insurance can make it easier to find better rates.

When comparison shopping, getting more free quotes gives you a better chance of getting a better price.

The companies shown below are our best choices to provide quotes in Hawaii. If the list has multiple companies, we suggest you compare several of them to get the best price comparison.

Rates and data analysis

The data table shown below showcases detailed analysis of insurance policy prices for Porsche Boxster models. Understanding more about how insurance prices are established helps drivers make smart choices when purchasing an auto insurance policy.

Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in specific garaging location which can decrease or increase rates substantially.

Comparison of policy deductibles

One frequently asked question is how high should the physical damage coverage deductibles be. The rates shown below summarize the differences in premium rates when you choose different physical damage deductibles. The first data set uses a $100 deductible and the second price table uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Information does not factor in your specific Honolulu location which can revise rates greatly.

Based on this data, using a $100 deductible costs approximately $37 more each month or $444 for a full year than quoting the higher $1,000 deductible. Because you would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you average more than 24 months between claim filings, you would more than likely save some money if you decide on a higher deductible.

The illustration below highlights how deductible choice and can impact Porsche Boxster insurance prices for each age group. The rate quotes are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.

Careless driving habits raise auto insurance rates

The diagram below illustrates how speeding tickets and at-fault accidents can increase Porsche Boxster car insurance rates for different insured age categories. The rates are based on a single male driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.

Discount Honolulu insurance rates

The cost of insuring your cars can be expensive, but there could be available discounts that can help lower your rates. Some discounts will apply at quote time, but lesser-known reductions have to be asked about before being credited. If you do not check that you are getting every discount you deserve, you’re paying more than you need to.

• E-sign – Certain companies may give you up to $50 simply for signing on their website.
• Life Insurance Discount – Larger insurance carriers have a break if you buy auto and life insurance together.
• Telematics Discount – Insureds that choose to allow data collection to monitor driving habits remotely like Drivewise from Allstate or In-Drive from State Farm might get better premium rates if their driving habits are good.
• Homeowners Savings – Simply owning a home can save you money because of the fact that having a home demonstrates responsibility.
• Defensive Driver Discounts – Completing a defensive driving class could possibly earn you a 5% discount and make you a better driver.
• New Vehicle Savings – Insuring a vehicle that is new can save you some money because newer vehicles are generally safer.
• No Charge for an Accident – Not really a discount, but some companies like Liberty Mutual and GEICO will forgive one accident before your rates go up so long as you are claim-free for a specific time period.
• More Vehicles More Savings – Drivers who insure primary and secondary vehicles with one company qualifies for this discount.
• Employee of Federal Government – Simply working for the federal government could qualify for a slight premium decrease depending on your company.

Just know that some credits don’t apply to all coverage premiums. The majority will only reduce individual premiums such as medical payments or collision. If you do the math and it seems like all the discounts add up to a free policy, companies don’t profit that way.

The illustration below shows the difference between Porsche Boxster annual premium costs with and without discounts applied to the policy premium. The prices are based on a male driver, a clean driving record, no claims, Hawaii state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, multi-policy, claim-free, safe-driver, and homeowner discounts applied.

A list of companies and the discounts they provide include:

• GEICO includes discounts for anti-lock brakes, military active duty, driver training, good student, and seat belt use.
• SAFECO policyholders can earn discounts including safe driver, anti-lock brakes, drive less, accident prevention training, bundle discounts, and multi-car.
• State Farm offers premium reductions for driver’s education, multiple policy, defensive driving training, good driver, good student, passive restraint, and safe vehicle.
• MetLife offers discounts for good student, multi-policy, accident-free, good driver, claim-free, and defensive driver.
• 21st Century may include discounts for driver training, automatic seat belts, defensive driver, early bird, and homeowners.
• Progressive has discounts for good student, online signing, multi-policy, homeowner, and continuous coverage.

When quoting, ask all companies you are considering to give you their best rates. A few discounts may not apply in your state. For a list of insurance companies that offer the discounts shown above in Hawaii, click here.

Three reasons to insure your Porsche vehicle

Even though it can be expensive, insuring your vehicle may be mandatory for several reasons.

• Most states have mandatory insurance requirements which means you are required to buy a minimum amount of liability insurance in order to be legal. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you took out a loan on your Boxster, it’s guaranteed your bank will require that you have comprehensive coverage to protect their interest in the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Porsche at a much higher premium rate and force you to reimburse them a much higher amount than you were paying before.
• Car insurance protects both your Porsche and your personal assets. It will also cover most medical and hospital costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of buying enough insurance outweigh the cost, especially for larger claims. In a recent study of 1,000 drivers, the average customer is overpaying over $865 each year so you should quote rates each time the policy renews to ensure rates are competitive.

When should I discuss my situation with an agent?

When buying your policy, there is no single plan that fits everyone. Your needs are unique to you.

For instance, these questions may help highlight whether you could use an agent’s help.

• When do I need to add a new car to my policy?
• When can my company non-renew my policy?
• Do I need replacement cost coverage on my Porsche Boxster?
• Where can I find DUI or SR-22 insurance?
• Should I waive the damage coverage when renting a car?
• Can I make deliveries for my home business?
• How much cheaper are high deductibles?
• Should I carry comprehensive and collision coverage?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Can’t I compare prices from local Honolulu insurance agencies?

Some people just prefer to buy from a local agent and that can be a smart move One of the benefits of getting free rate quotes online is that you can obtain cheap auto insurance quotes but still work with a licensed agent.

After filling out this simple form, your insurance data is transmitted to insurance agents in Honolulu who will gladly provide quotes for your insurance coverage. It’s much easier because you don’t need to contact any insurance agencies since price quotes are sent directly to your email. It’s the lowest rates without the usual hassles of price shopping. In the event you want to quote rates for a specific company, just find their quoting web page and submit a quote form there.

Selecting an insurer should depend on more than just a cheap price quote. These are some questions your agent should answer.

• What company do they have the most business with?
• Do they see any coverage gaps in your plan?
• How experienced are they in personal risk management?
• Do they review policy coverages at every renewal?
• Are they giving you every discount you deserve?
• How long has the business existed?

Listed below is a short list of insurers in Honolulu willing to provide rate quotes for Porsche Boxster insurance in Honolulu.

• Allstate Insurance: Matthew Shido
  3221 Waialae Ave Ste 386 – Honolulu, HI 96816 – (808) 737-3500 – View Map
• Larry Welsch – State Farm Insurance Agent
  1575 S Beretania St Ste 203 – Honolulu, HI 96826 – (808) 944-3450 – View Map
• Dongbu Insurance
  1440 Kapiolani Blvd # 950 – Honolulu, HI 96814 – (808) 942-5353 – View Map
• Allstate Insurance: Valerie Nagaji
  4211 Waialae Ave #8080 – Honolulu, HI 96816 – (808) 735-2841 – View Map

View more Honolulu agents