Shopping for affordable Chicago Porsche Cayenne insurance quotes may be rather challenging for vehicle owners who are new to comparing and buying car insurance over the internet. With so many options of insurance companies available, how can anyone be able to compare all the different companies and get better prices?
Surprisingly, a recent survey revealed that about 70% of customers kept their policy with the same company for at least the last four years, and nearly 40% of drivers have never compared rates to find affordable insurance. Illinois consumers could pocket about $586 a year just by comparing rates, but most tend to underestimate how much savings they would realize if they moved their coverage to a different company.
It's a good habit to get comparison quotes at least once a year since insurance prices are rarely the same from one policy term to another. Just because you found the lowest rate on Porsche Cayenne insurance in Chicago at your last renewal you can probably find a better premium rate now. Forget all the misinformation about car insurance because we're going to show you the quickest way to find lower rates on car insurance.
This article's intent is to help you learn how to compare rates easily. If you are insured now, you will most likely be able to lower your rates using the techniques presented in this article. Nevertheless, Illinois drivers must comprehend the way companies market on the web and use it to your advantage.
Lower rate quotes with discounts
Companies offering auto insurance don't always list the entire discount list very clearly, so here is a list both well-publicized and the harder-to-find credits available to you. If you do not double check each discount possible, you could be paying more than you need to.
- Theft Prevention System - Anti-theft and alarm system equipped vehicles can help prevent theft and that can save you a little bit as well.
- Early Payment Discounts - If you can afford to pay the entire bill rather than paying in monthly installments you may reduce your total bill.
- Good Grades Discount - Getting good grades may save you up to 25%. Many companies even apply the discount to college students up until you turn 25.
- Low Mileage Discounts - Fewer annual miles on your Porsche could be rewarded with substantially lower prices.
- Early Signing - A few larger companies offer discounts for switching to them before your current Cayenne insurance policy expires. This can save 10% or more.
Don't be shocked that most discounts do not apply to all coverage premiums. Some only reduce individual premiums such as comp or med pay. So even though it sounds like you can get free auto insurance, companies wouldn't make money that way.
A list of car insurance companies and a partial list of their discounts are:
- Progressive offers discounts including online signing, homeowner, multi-vehicle, multi-policy, continuous coverage, and online quote discount.
- The Hartford discounts include bundle, vehicle fuel type, driver training, air bag, and defensive driver.
- Mercury Insurance has discounts for low natural disaster claims, annual mileage, accident-free, age of vehicle, ease of repair, and good driver.
- GEICO includes discounts for defensive driver, anti-theft, multi-policy, driver training, federal employee, membership and employees, and air bags.
- AAA may include discounts for AAA membership discount, multi-car, education and occupation, good driver, and good student.
- State Farm has savings for defensive driving training, good driver, passive restraint, multiple policy, and Steer Clear safe driver discount.
When getting a coverage quote, ask all the companies which discounts can lower your rates. Depending on the company, some discounts may not apply to policyholders in Chicago.
The best way we recommend to get policy rate comparisons for Porsche Cayenne insurance in Chicago utilizes the fact almost all companies participate in online systems to quote your coverage. The only thing you need to do is provide information such as deductibles desired, distance driven, driver details, and how you use your vehicles. Your rating data is then sent to all major companies and you should receive rate quotes with very little delay.
To compare lower-cost Porsche Cayenne insurance rates now, click here and complete the quick form.
The providers in the list below have been selected to offer comparison quotes in Chicago, IL. If the list has multiple companies, we recommend you visit two to three different companies to get a more complete price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayenne | $242 | $468 | $250 | $14 | $76 | $1,050 | $88 |
| Cayenne S | $300 | $600 | $316 | $18 | $94 | $1,328 | $111 |
| Cayenne GTS | $214 | $460 | $274 | $16 | $82 | $1,046 | $87 |
| Cayenne S Transyberia | $262 | $570 | $274 | $16 | $82 | $1,204 | $100 |
| Cayenne GTS PD Edition 3 | $284 | $636 | $246 | $14 | $74 | $1,254 | $105 |
| Cayenne Turbo | $170 | $336 | $246 | $14 | $74 | $840 | $70 |
| Cayenne Turbo S | $252 | $480 | $262 | $16 | $78 | $1,088 | $91 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Information does not factor in Chicago location which can influence insurance rates considerably.
Choosing deductibles
One of the most common auto insurance questions is where to set your physical damage deductibles. The comparisons below highlight the cost difference when you buy lower versus higher physical damage coverage deductibles. The first table uses a $250 deductible for physical damage and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayenne | $280 | $462 | $262 | $16 | $78 | $1,123 | $94 |
| Cayenne S | $306 | $522 | $262 | $16 | $78 | $1,209 | $101 |
| Cayenne GTS | $306 | $582 | $262 | $16 | $78 | $1,269 | $106 |
| Cayenne S Transyberia | $306 | $582 | $262 | $16 | $78 | $1,269 | $106 |
| Cayenne GTS PD Edition 3 | $332 | $642 | $262 | $16 | $78 | $1,355 | $113 |
| Cayenne Turbo | $358 | $642 | $262 | $16 | $78 | $1,381 | $115 |
| Cayenne Turbo S | $410 | $764 | $262 | $16 | $78 | $1,555 | $130 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayenne | $172 | $290 | $262 | $16 | $78 | $818 | $68 |
| Cayenne S | $188 | $328 | $262 | $16 | $78 | $872 | $73 |
| Cayenne GTS | $188 | $366 | $262 | $16 | $78 | $910 | $76 |
| Cayenne S Transyberia | $188 | $366 | $262 | $16 | $78 | $910 | $76 |
| Cayenne GTS PD Edition 3 | $204 | $404 | $262 | $16 | $78 | $964 | $80 |
| Cayenne Turbo | $220 | $404 | $262 | $16 | $78 | $980 | $82 |
| Cayenne Turbo S | $252 | $480 | $262 | $16 | $78 | $1,088 | $91 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Prices do not factor in garaging location in Chicago which can affect coverage prices noticeably.
We can estimate from the data above that using a $250 deductible will cost you roughly $31 more each month or $372 annually than buying the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 24 months between claim filings, you would come out ahead if you choose a higher deductible.
Calculation for raising deductibles
| Average monthly premium for $250 deductibles: | $109 |
| Average monthly premium for $1,000 deductibles (subtract): | - $78 |
| Monthly savings from raising deductible: | $31 |
| Difference between deductibles ($1,000 - $250): | $750 |
| Divide difference by monthly savings: | $750 / $31 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 24 months |
One big caveat is that raising deductibles means you will have to pay more when you do file a claim. You need to have enough disposable income in the event you need to pay more to get your vehicle repaired.
Porsche Cayenne insurance rates: Men versus women
The information below illustrates the difference between Porsche Cayenne insurance prices for male and female drivers. Data assumes no claims or driving violations, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no discounts are factored in.
Compare rate quotes but buy from a local Chicago insurance agent
Some consumers would prefer to talk to an insurance agent. An additional benefit of comparing rates online is you can get cheap car insurance quotes and still choose a local agent. Supporting local insurance agents is especially important in Chicago.
To make it easy to find an agent, after completing this quick form, your insurance data is immediately sent to local insurance agents that provide free Chicago car insurance quotes to get your business. You don't have to contact any agents since price quotes are sent to the email address you provide. You can get cheaper car insurance rates and an insurance agent to talk to. If for some reason you want to compare prices from one company in particular, you just need to search and find their rate quote page and submit a quote form there.
What type of Chicago car insurance agent is right for you?
When narrowing the list to find a local Chicago insurance agency, there are two different agency structures and how they are distinctly different. Insurance agencies in Chicago can be categorized as either exclusive or independent (non-exclusive).
Independent Agencies or Brokers
Agents that elect to be independent are not restricted to one company so they can write business with multiple insurance companies and find you the best rates. To move your coverage to a new company, they simply move your policy to a different company and you can keep the same agent. When comparing rate quotes, we highly recommend that you include rate quotes from several independent insurance agents for the best price selection. Many write coverage with smaller mutual companies that many times have cheaper rates.
Listed below are independent insurance agents in Chicago who may provide free rate quotes.
- Lincoln Auto Insurance
855 W Washington Blvd - Chicago, IL 60607 - (312) 666-8800 - View Map - Edwards Insurance Agency, Inc.
11113 S Kedzie Ave - Chicago, IL 60655 - (773) 396-5526 - View Map - ABI Insurance Agency
4806 N Milwaukee Ave - Chicago, IL 60630 - (773) 202-9666 - View Map
Exclusive Car Insurance Agencies
These type of agents generally can only insure with one company and some examples include Farmers Insurance and State Farm. They usually cannot provide rate quotes from other companies so they have no alternatives for high prices. These agents receive extensive training on their products and sales techniques which aids in selling service over price. Consumers sometimes use the same exclusive agent mainly due to high brand loyalty instead of buying on price only.
Listed below are exclusive agencies in Chicago who can help you get price quotes.
- Allstate Insurance: Maribel Marron
3060 W Armitage Ave - Chicago, IL 60647 - (773) 572-9495 - View Map - Judith Gleason - State Farm Insurance Agent
2643 N Harlem Ave - Chicago, IL 60707 - (773) 637-8547 - View Map - Russ Spinelli - State Farm Insurance Agent
1525 E 53rd St #727 - Chicago, IL 60615 - (773) 955-3133 - View Map
Finding the right insurance agency should depend on more than just the bottom line cost. These are some questions you should get answers to.
- Will they give you a referral list?
- If your car is totalled, how to they determine the replacement cost?
- Is coverage determined by price?
- Are there any discounts for paying up front?
- How much experience to they have in personal lines coverages?
Once you have positive feedback as well as cheap Cayenne insurance quotes, you may have found an auto insurance agent that can be trusted to adequately provide car insurance.
Cheaper insurance prices are available
More affordable insurance in Chicago can be purchased on the web and from local agencies, so you need to shop Chicago car insurance with both to have the best selection. Some companies do not offer rates over the internet and many times these regional carriers sell through independent insurance agents.
Consumers change insurance companies for a number of reasons such as poor customer service, policy non-renewal, extreme rates for teen drivers and even delays in paying claims. It doesn't matter what your reason, choosing a new company is not as hard as you think.
When trying to cut insurance costs, you should never skimp on critical coverages to save a buck or two. There have been many situations where an insured dropped liability limits or collision coverage only to discover later that the savings was not a smart move. The ultimate goal is to purchase plenty of coverage for the lowest cost and still be able to protect your assets.
To learn more, take a look at the following helpful articles:
- Teen Driver Licensing Information (iihs.org)
- How Much is Chicago Auto Insurance for a 20 Year Old Female? (FAQ)
- Who Has Cheap Car Insurance Rates for Low Income Drivers in Chicago? (FAQ)
- What Car Insurance is Cheapest for Immigrants in Chicago? (FAQ)
- Who Has Cheap Car Insurance Rates for Good Drivers in Chicago? (FAQ)
- What Auto Insurance is Cheapest After a Speeding Ticket in Chicago? (FAQ)
- Who Has Affordable Chicago Auto Insurance Quotes for a Toyota RAV4? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Homeowners in Chicago? (FAQ)
- Older Drivers FAQ (iihs.org)
- Should I Buy a New or Used Car? (Allstate)
- Auto Insurance Basics (Insurance Information Institute)
- Collision Insurance Coverage (Nationwide)