Sadly, the vast majority of North Carolina car insurance customers have remained with the same car insurance company for well over three years, and just short of a majority have never taken the time to shop around. Consumers in the U.S. could save 47% a year by just comparing quotes, but they don’t understand how simple it is to compare rates.
To save the most money, the best way to find cheaper prices for car insurance rates is to regularly compare price quotes from insurers that sell auto insurance in Charlotte.
- Spend some time learning about how your policy works and the things you can change to keep rates low. Many rating factors that cause rate increases such as high-risk driving behaviors and a substandard credit history can be amended by improving your driving habits or financial responsibility. Later in this article we will cover information to help keep prices low and find available discounts that you may qualify for.
- Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes from multiple sources. View companies
- Compare the quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a better price and make a switch, verify that coverage does not lapse between policies.
- Provide written notification to your current company of your decision to cancel your current car insurance policy and submit a down payment and signed policy application to the newly selected company. As soon as you receive it, store the certificate verifying proof of insurance somewhere easily accessible.
A crucial key to this process is to make sure you enter identical deductibles and limits on each price quote and to quote with as many companies as you can. Doing this helps ensure an accurate price comparison and many rates to choose from.
If you are already insured or are just looking to switch companies, take advantage of these tips to save money and possibly find even better coverage. This article will help educate you on how to effectively get price quotes and how to save the most money. Consumers just have to learn the fastest way to shop their coverage around online.
The providers in the list below are our best choices to provide free quotes in Charlotte, NC. If you want to find cheaper auto insurance in NC, we recommend you click on several of them in order to get a fair rate comparison.
Here’s why auto insurance is not optional
Despite the potentially high cost of Porsche Boxster insurance, insuring your vehicle serves a purpose in several ways.
- The majority of states have minimum liability requirements which means it is punishable by state law to not carry specific minimum amounts of liability coverage in order to license the vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Porsche Boxster has a loan, 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 insure your Porsche at a much higher premium rate and force you to pay a much higher amount than you were paying before.
- Auto insurance protects both your car and your personal assets. It also can pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability insurance also pays expenses related to your legal defense in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance more than cancel out the cost, particularly when you have a large claim. But the average driver in North Carolina is overpaying over $869 every year so compare rates once a year at a minimum to ensure rates are competitive.
Porsche Boxster insurance coverage information
The premium table below covers estimates of prices for Porsche Boxster models. Understanding how insurance policy premiums are figured can help drivers make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Boxster 2-Dr Convertible | $232 | $540 | $240 | $14 | $72 | $1,098 | $92 |
| Boxster S 2-Dr Convertible | $256 | $612 | $240 | $14 | $72 | $1,194 | $100 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Price estimates do not factor in specific location information which can change premiums greatly.
Auto insurance deductibles
One common question asked by Charlotte drivers is where should you set your physical damage deductibles. The following tables may help you to understand the cost difference between high and low physical damage coverage deductibles. The first table uses a $100 physical damage coverage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Boxster 2-Dr Convertible | $270 | $524 | $212 | $12 | $64 | $1,107 | $92 |
| Boxster S 2-Dr Convertible | $298 | $594 | $212 | $12 | $64 | $1,205 | $100 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Boxster 2-Dr Convertible | $196 | $354 | $212 | $12 | $64 | $838 | $70 |
| Boxster S 2-Dr Convertible | $216 | $402 | $212 | $12 | $64 | $906 | $76 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Prices do not factor in vehicle location which can lower or raise premium rates greatly.
Based on these figures, using a $100 deductible costs approximately $23 more each month or $276 annually averaged for all Boxster models than quoting the higher $500 deductible. Because you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at least 17 months between claim filings, you would most likely save money going with the higher deductible.
Comparison of full coverage and liability-only policies
The illustration below illustrates the comparison of Porsche Boxster car insurance rates with full coverage compared to only the North Carolina minimum liability coverage. Data assumes no accidents, no driving violations, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.
When to buy liability coverage only
There is no exact formula for dropping full coverage, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your Porsche Boxster claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $5,000 after paying your policy deductible. If it’s costing in excess of $500 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are a few situations where removing full coverage is not financially feasible. If you still have a lienholder on your title, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage.
Car insurance policy discounts for Porsche Boxster insurance in Charlotte
Insurance can be prohibitively expensive, but you may be missing some discounts that many consumers don’t even know exist. A few discounts will automatically apply at quote time, but some may not be applied and must be specially asked for before they will apply. If you aren’t receiving every discount you qualify for, it’s possible you qualify for a lower rate.
- Safe Driver Discount – Safe drivers may receive a discount up to 45% than their less cautious counterparts.
- Telematics Data Discounts – Policyholders that allow their insurance company to monitor driving manner through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot could possibly reduce rates if they show good driving skills.
- Accident Forgiveness Coverage – Not really a discount, but a handful of insurance companies will turn a blind eye to one accident without raising rates so long as you haven’t had any claims before the accident.
- Savings for New Vehicles – Insuring a new Boxster can get you a discount since newer models have better safety ratings.
- Air Bag Discount – Factory air bags or automatic seat belts may qualify for discounts of more than 20%.
- Senior Citizens – If you qualify as a senior citizen, you may qualify for a slight reduction on a Charlotte auto insurance quote.
- Smart Student Discounts – Getting good grades can be rewarded with saving of up to 25%. You can use this discount normally up to age 25.
- ABS Brakes – Cars, trucks, and SUVs with ABS braking systems or traction control can avoid accidents and earn discounts up to 10%.
Don’t be surprised that many deductions do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like liability, collision or medical payments. Even though the math looks like adding up those discounts means a free policy, you won’t be that lucky.
The example below visualizes the comparison of Porsche Boxster insurance prices with and without discounts applied to the rates. The premiums assume a female driver, a clean driving record, no at-fault accidents, North Carolina state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, homeowner, multi-policy, marriage, and multi-car discounts applied.
For a list of companies who offer discounts in Charlotte, click this link.
Local Charlotte insurance agencies
A lot of people still like to have an agent’s advice and that is OK! Licensed agents can answer important questions and help in the event of a claim. One of the great benefits of comparing rate quotes online is the fact that you can find lower rates and still buy from a local agent.
Upon completion of this simple form, your insurance data is sent to local insurance agents in Charlotte that provide free Charlotte auto insurance quotes for your coverage. You won’t even need to visit any agencies since price quotes are sent instantly to you. If you have a need to get a rate quote from a specific car insurance provider, you can always go to their quote page to submit a rate quote request.
Finding a good insurer shouldn’t rely on just the bottom line cost. These are valid questions to ask:
- Are all drivers listed on the coverage quote?
- Will a damage claim use OEM or aftermarket replacement parts?
- Do they regularly work with personal auto policies in Charlotte?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- When do they do policy reviews?
- How much training do they have in personal risk management?
- Will high miles depreciate repair valuations?
Below are Charlotte insurance companies who can help you get price quotes for Porsche Boxster insurance in Charlotte.
- Allstate Insurance: John Rose
6853 Fairview Rd c – Charlotte, NC 28210 – (704) 366-7779 – View Map - Charlotte Insurance
5113 Piper Station Dr #207 – Charlotte, NC 28277 – (704) 536-0995 – View Map - Michael Grant – State Farm Insurance Agent
1727 East Blvd – Charlotte, NC 28203 – (704) 373-7444 – View Map - Howard Johnson Jr – State Farm Insurance Agent
5342 Docia Crossing Rd a – Charlotte, NC 28269 – (704) 947-7233 – View Map
Don’t give up on cheaper rates
Cheaper auto insurance in Charlotte can be found both online and with local Charlotte insurance agents, so you need to quote Charlotte auto insurance with both to have the best rate selection. There are still a few companies who may not have rates over the internet and many times these small insurance companies only sell through independent insurance agencies.
You just learned many tips how you can compare Porsche Boxster insurance car insurance rates in Charlotte. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding cheaper Charlotte auto insurance quotes. Consumers may even find the lowest car insurance rates are with the least-expected company.
When shopping online for auto insurance, make sure you don’t skimp on coverage in order to save money. Too many times, someone dropped comprehensive coverage or liability limits only to find out that it was a big error on their part. Your aim should be to buy the best coverage you can find at the best possible price, but do not skimp to save money.
To read more, feel free to visit the following helpful articles:
- Frontal Crash Tests (iihs.org)
- Who Has Cheap Auto Insurance Rates for Good Students in Charlotte? (FAQ)
- How Much are Car Insurance Quotes for a Ford Explorer in Charlotte? (FAQ)
- How Much is Auto Insurance for Teenage Males in Charlotte? (FAQ)
- What Car Insurance is Cheapest for a Kia Optima in Charlotte? (FAQ)
- Who Has the Cheapest Charlotte Car Insurance for Drivers with a DUI? (FAQ)
- Avoiding Deer Collisions (Insurance Information Institute)
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Protect Yourself Against Auto Theft (Insurance Information Institute)