It’s an obvious assumption that insurance companies want to keep your business as long as possible. Consumers who compare rates at least once a year will presumably move their business because there is a great chance of finding a policy with better rates. Remarkably, a study showed that people who shopped around annually saved approximately $850 each year compared to other drivers who didn’t regularly shop around.
If saving the most money on car insurance is your ultimate target, then understanding how to find companies and compare auto insurance can make it easier to find better rates.
The best way we recommend to get more affordable auto insurance rates is to compare quotes annually from providers in Kansas City. You can compare rates by following these guidelines.
- First, try to understand auto insurance and the things you can change to keep rates in check. Many policy risk factors that cause rate increases such as getting speeding tickets and a negative credit rating can be rectified by improving your driving habits or financial responsibility.
- Second, request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like Progressive or State Farm, while agents who are independent can give you price quotes for many different companies.
- Third, compare the new rate quotes to your existing rates to determine if switching companies saves money. If you find better rates and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Fourth, notify your current company of your intention to cancel your current auto insurance policy and submit a down payment along with a completed application for the new coverage. Once coverage is bound, place the new certificate verifying proof of insurance somewhere easily accessible.
A key point to remember is to make sure you’re comparing the same physical damage deductibles and liability limits on every quote request and and to get price estimates from as many carriers as you can. This helps ensure an apples-to-apples comparison and the most accurate and complete price analysis.
Our goal is to teach you a little about how auto insurance companies operate and also save some money in the process If you are paying for car insurance now, you will surely be able to reduce premiums using these techniques. Although Missouri vehicle owners must understand the way insurance companies determine how much to charge because it varies considerably.
Affordable Kansas City Porsche Panamera insurance
It’s important to know that more quotes helps improve the odds of finding more affordable insurance. Not every company provides Kansas City Panamera insurance quotes over the internet, so it’s important to also get prices from them as well.
The companies shown below are ready to provide free rate quotes in Kansas City, MO. If you wish to find the best cheap auto insurance in Kansas City, it’s a good idea that you compare several of them to get the most competitive price.
Discounts mean cheaper rates for Porsche Panamera insurance in Kansas City
Insurance can cost an arm and a leg, but there may be some discounts that can dramatically reduce your bill. Larger premium reductions will be automatically applied when you get a quote, but some may not be applied and must be manually applied before you will receive the discount. If you check and find you aren’t receiving every discount you deserve, you’re paying more than you need to.
- Driver Safety – Successfully completing a course that instructs on driving safety could earn you a small percentage discount and easily recoup the cost of the course.
- Discount for Life Insurance – Some insurance carriers give a discount if you purchase auto and life insurance together.
- Resident Student – Any of your kids who are attending college and do not have a car may be able to be covered for less.
- Discount for New Cars – Buying a new car model is cheaper because newer vehicles have to meet stringent safety requirements.
- Theft Deterrent System – Cars and trucks with anti-theft systems can help prevent theft and will qualify for a discount on a Kansas City car insurance quote.
- No Accidents – Insureds who avoid accidents and claims pay much less as compared to drivers with a long claim history.
- Anti-lock Brakes – Vehicles with ABS braking systems or traction control are much safer to drive so you can save 10 percent or more.
- Auto/Home Discount – When you combine your home and auto insurance with one insurance company you could get a discount of up to 20% and get you inexpensive Porsche Panamera insurance in Kansas City.
- Waiver for an Accident – This one is not really a discount per se, but certain companies will turn a blind eye to one accident without the usual rate increase so long as you haven’t had any claims for a specific time period.
- Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use their safety belts can save up to 15% off PIP or medical payments premium.
As a footnote on discounts, most discounts do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as collision or personal injury protection. So when it seems like adding up those discounts means a free policy, nobody gets a free ride.
The example below illustrates the difference between Porsche Panamera insurance prices with and without discounts applied to the premium. The data assumes a female driver, no claims or driving citations, Missouri state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, homeowner, marriage, safe-driver, and claim-free discounts applied.
A partial list of companies who might offer most of the discounts above are:
Before you buy a policy, ask each insurance company to give you their best rates. Savings may not be available in Kansas City. To see car insurance companies with discount car insurance rates in Kansas City, click this link.
Rates and statistics
The table shown below showcases a range of insurance rates for Porsche Panamera models. Understanding more about how auto insurance prices are formulated is important for you to make informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $218 | $404 | $272 | $16 | $82 | $992 | $83 |
| Panamera 4S AWD 4-Dr Hatchback | $218 | $442 | $272 | $16 | $82 | $1,030 | $86 |
| Panamera Turbo AWD 4-Dr Hatchback | $250 | $518 | $272 | $16 | $82 | $1,138 | $95 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Missouri minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Rates do not factor in specific Kansas City garaging location which can change prices noticeably.
Should you raise deductibles?
One of the more difficult decisions when buying car insurance is how high should the deductibles for physical damage be. The premium rates below determine the difference in cost between high and low coverage deductibles. The first data set uses a $250 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $364 | $656 | $266 | $16 | $80 | $1,407 | $117 |
| Panamera 4S AWD 4-Dr Hatchback | $364 | $718 | $266 | $16 | $80 | $1,469 | $122 |
| Panamera Turbo AWD 4-Dr Hatchback | $418 | $842 | $266 | $16 | $80 | $1,647 | $137 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $296 | $528 | $266 | $16 | $80 | $1,186 | $99 |
| Panamera 4S AWD 4-Dr Hatchback | $296 | $578 | $266 | $16 | $80 | $1,236 | $103 |
| Panamera Turbo AWD 4-Dr Hatchback | $340 | $678 | $266 | $16 | $80 | $1,380 | $115 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Missouri minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Information does not factor in Kansas City location which can influence coverage rates significantly.
Using the data above, we can ascertain that using a $250 deductible will cost you roughly $19 more each month or $228 each year across all Porsche Panamera models than opting for the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 13 months between claim filings, you would come out ahead by selecting a higher deductible.
Full coverage or liability only
The diagram below visualizes the comparison of Porsche Panamera insurance premiums with and without physical damage coverage. The data is based on no accidents, no driving violations, $250 deductibles, drivers are single, and no other discounts are factored in.
Should you buy full coverage or liability only?
There is no written rule for dropping physical damage coverage on your policy, but there is a general convention. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
For example, let’s assume your Porsche Panamera settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $3,000 after paying your policy deductible. If you are paying in excess of $300 a year for your policy with full coverage, then you might want to consider buying only liability coverage.
There are a few cases where buying only liability insurance is not recommended. If you still have a lienholder on your title, you have to carry full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage.
When to contact a local insurance agent
Many drivers prefer to sit down and talk to an agent and that is not a bad decision The biggest benefit of getting free rate quotes online is the fact that drivers can get cheap rate quotes and still have a local agent. Putting coverage with local agents is still important in Kansas City.
After filling out this simple form, your insurance coverage information is immediately sent to companies in Kansas City who will gladly provide quotes and help you find cheaper coverage. You won’t need to do any legwork because quoted prices will be sent to you directly. You’ll get the best rates without requiring a lot of work. In the event you want to compare prices from a particular provider, just jump over to their website and complete a quote there.
If you are searching for a local Kansas City insurance agency, it’s important to understand the different agency structures and how they function. Insurance policy providers can be classified as either independent or exclusive.
Independent Insurance Agencies
Agents that choose to be independent are not limited to a single company so they can insure your vehicles amongst many companies enabling the ability to shop coverage around. If your agent finds better pricing, they can switch companies in-house and you don’t have to switch agencies.
When shopping rates, it’s a good idea to compare prices from at least one independent agent to get the best comparison.
Listed below is a list of independent insurance agents in Kansas City that can possibly get you free price quotes.
Northland Independent Insurance Group
5575 NW Barry Rd – Kansas City, MO 64154 – (816) 587-1826 – View Map
SIMONE Insurance Agency, LLC
7138 N Norton Ave – Kansas City, MO 64119 – (816) 739-8995 – View Map
Nestel Insurance Agency
9233 Ward Pkwy #124 – Kansas City, MO 64114 – (816) 361-6442 – View Map
Exclusive Insurance Agents
Exclusive agencies are contracted to one company and some examples include Allstate and State Farm. Exclusive agencies are unable to provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents are very knowledgeable on their company’s products and that can be a competitive advantage.
Below are exclusive agents in Kansas City who can help you get rate quotes.
American Family Insurance – Jeff Woody
1300 NW Vivion Rd – Kansas City, MO 64118 – (816) 459-8010 – View Map
State Farm: Tony Guy
1100 Walnut St #130 – Kansas City, MO 64106 – (816) 221-9066 – View Map
American Family Insurance – Jeff Williams Agency Inc.
6505 N Prospect Ave #100 – Kansas City, MO 64119 – (816) 459-7779 – View Map
Finding the right insurance agency requires you to look at more than just the quoted price. A good agent in Kansas City will have answers to these questions.
- Has the agent ever had any license suspensions?
- Will the quote change when the policy is issued?
- Are they primarily personal or commercial lines agents in Kansas City?
- Do they offer rental car reimbursement?
- How much experience to they have in personal lines coverages?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Can you contact them at any time?
- Are you getting all the discounts the company offers?
What Impacts Porsche Panamera Insurance Premiums?
Lots of things are part of the equation when pricing auto insurance. Most are fairly basic such as your driving record, although others are not as apparent such as whether you are married and annual miles driven.
The following are just a few of the factors used by companies to determine your premiums.
- Vehicle theft costs us all – Purchasing a vehicle with an alarm system can help bring down rates. Anti-theft devices like OnStar, LoJack tracking, and tamper alarms help track and prevent auto theft.
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High performance equals high rates – The performance level of the car, truck or SUV you are buying insurance for makes a significant difference in your car insurance bill. Smaller low performance passenger cars usually are quite affordable to insure, but many other things help determine your insurance rates.
The data below is based on a single female driver age 40, full coverage with $100 deductibles, and no discounts or violations. It shows Porsche Panamera insurance rates compared to other makes and models that have a range of performance risks.
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Costs also based on gender – Statistics have proven that men are more aggressive behind the wheel. It does not mean males are worse at driving than females. They both tend to get into accidents in similar percentages, but the male of the species cause more damage and cost insurance companies more money. Not only that, but men also have more aggressive citations like driving under the influence (DUI). Male teenagers are several times more likely to be in an accident and therefore are the most expensive to insure.
The illustration below compares Porsche Panamera insurance costs for male and female drivers. The rate quotes are based on no tickets, no at-fault accidents, full physical damage coverage, $250 deductibles, single status, and no additional discounts are factored in.
- Better premiums for uninterrupted coverage – Having a lapse in insurance coverage will be a quick way to pay more for auto insurance. Not only will rates go up, failure to provide proof of insurance might get you fines and jail time.
- Marriage is a factor – Having a significant other may save some money when shopping for auto insurance. Having a significant other means you’re more financially stable and statistics show being married results in fewer claims.
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Porsche Panamera insurance loss statistics – Insurance companies use past insurance losses when determining insurance rates. Models that are shown to have higher losses will be charged more to insure.
The table below demonstrates the collected loss data for Porsche Panamera vehicles. For each type of coverage, the claim amount for all vehicles compiled together is represented as 100. Numbers shown that are under 100 suggest a positive loss record, while values that are above 100 show a trend for more claims or a tendency for claims to be larger.
Porsche Panamera Insurance Loss Statistics Specific Porsche 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Insurance protects more than just your car
Despite the fact that insurance is not cheap in Kansas City, insurance may be required and benefits you in several ways.
- Almost all states have compulsory liability insurance requirements which means you are required to carry specific minimum amounts of liability protection in order to get the vehicle licensed. In Missouri these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Porsche Panamera has a lienholder, it’s guaranteed your bank will make it a condition of the loan that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender will be forced to insure your Porsche for a lot more money and require you to pay for it.
- Insurance protects not only your vehicle but also your assets. It will also cover medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you are sued as the result of your driving. If you have damage to your Porsche as the result of the weather or an accident, your insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of buying insurance definitely exceed the price paid, particularly for liability claims. But the average driver in Missouri is overpaying over $865 each year so you should quote your policy with other companies at every policy renewal to ensure rates are inline.
One last thing to lower rates
Cheaper Porsche Panamera insurance in Kansas City can be sourced online and from local insurance agents, and you should be comparing both to have the best chance of lowering rates. There are still a few companies who may not have online price quotes and usually these small, regional companies only sell through independent insurance agencies.
Throughout this article, we presented a lot of information how to get a better price on Porsche Panamera insurance in Kansas City. The most important thing to understand is the more rate quotes you have, the higher your chance of finding affordable Kansas City car insurance quotes. Consumers may even find the lowest premium rates are with a lesser-known regional company. Some small companies can often provide lower prices in certain areas than their larger competitors like State Farm or Progressive.
As you prepare to switch companies, never sacrifice coverage to reduce premiums. In too many instances, an insured dropped physical damage coverage only to discover later that they should have had better coverage. The aim is to purchase plenty of coverage for the lowest price.
For more information, link through to the resources below:
- Credit and Insurance Scores (Insurance Information Institute)
- Who Has Cheap Auto Insurance Rates for Electric Cars in Kansas City? (FAQ)
- How Much is Kansas City Auto Insurance for a Chevrolet Equinox? (FAQ)
- Who Has Affordable Kansas City Car Insurance Quotes for Young Drivers? (FAQ)
- Choosing an Insurance Company (Insurance Information Institute)
- Coverage Information (Progressive Insurance)
- Top Signs Your Brakes are Giving Out (State Farm)
- What are my Rights when Filing a Claim? (Insurance Information Institute)