If price shopping Denver auto insurance quotes online is new to you, chances are good that you are overwhelmed by the diversity of local and online companies that all say they have the best rates for Porsche Panamera insurance in Denver.
Unimaginable but true, a large majority of drivers kept their coverage with the same auto insurance company for four years or more, and virtually 40% of consumers have never compared rates from other carriers. Colorado drivers could pocket $600 a year just by getting comparison quotes, but they don’t know how much money they would save if they switched to a cheaper policy.
It’s a good habit to compare rates periodically due to the fact that insurance prices tend to go up over time. Just because you had the lowest quotes on Porsche Panamera insurance in Denver a couple years back there may be better deals available now. Ignore everything you know about auto insurance because I’m going to teach you the proper way to lower your annual insurance bill.
When comparing insurance rates, know that obtaining a wide range of quotes provides better odds of finding a better price.
The companies shown below can provide free rate quotes in Colorado. If more than one company is shown, we recommend you get prices from several of them in order to find the cheapest rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $446 | $698 | $460 | $28 | $138 | $1,770 | $148 |
| Panamera 4S AWD 4-Dr Hatchback | $460 | $1108 | $368 | $22 | $110 | $2,068 | $172 |
| Panamera Turbo AWD 4-Dr Hatchback | $528 | $1298 | $368 | $22 | $110 | $2,326 | $194 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Price information does not factor in garaging location in Denver which can impact premium rates considerably.
Car insurance premiums based on gender
The example below compares Porsche Panamera insurance prices for male and female drivers. The data assumes no claims, a clean driving record, full physical damage coverage, $100 deductibles, drivers are not married, and no discounts are applied to the premium.
Should you raise deductibles?
One of the hardest decisions when shopping for car insurance is how high should your deductibles be. The rates shown below highlight how much more rates are between low and high physical damage deductibles. The first price estimate table uses a $100 deductible for physical damage 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 | $536 | $1032 | $352 | $20 | $106 | $2,071 | $173 |
| Panamera 4S AWD 4-Dr Hatchback | $536 | $1130 | $352 | $20 | $106 | $2,169 | $181 |
| Panamera Turbo AWD 4-Dr Hatchback | $614 | $1324 | $352 | $20 | $106 | $2,441 | $203 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $392 | $698 | $352 | $20 | $106 | $1,568 | $131 |
| Panamera 4S AWD 4-Dr Hatchback | $392 | $764 | $352 | $20 | $106 | $1,634 | $136 |
| Panamera Turbo AWD 4-Dr Hatchback | $448 | $894 | $352 | $20 | $106 | $1,820 | $152 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Information does not factor in zip code location which can decrease or increase prices significantly.
Based on the data above, we can derive that using a $100 deductible costs about $46 more each month or $552 each year than buying the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you go at least 9 months between claim filings, you would most likely save money if you opt for a higher deductible.
Insurance policy discounts for Porsche Panamera insurance in Denver
Not too many consumers would say insurance is affordable, but you might already qualify for some discounts that could help you make your next renewal payment. Certain reductions will be credited when you quote, but a few must be asked for before you will receive the discount.
- Student in College – Any of your kids living away from Denver attending college and leave their car at home can be insured at a reduced rate.
- Discount for Life Insurance – If the company offers life insurance, you could get a discount if you purchase some life insurance too.
- Policy Bundle Discount – When you combine your home and auto insurance with the same company you will save nearly 15% which can help you find inexpensive Porsche Panamera insurance in Denver.
- Safe Driver Discount – Accident-free drivers can save up to 40% or more on their Denver auto insurance quote than drivers with accident claims.
- Data Collection Discounts – Insureds who allow their company to track their driving habits remotely such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks as long as they are good drivers.
- Mature Driver Discount – If you’re over the age of 55, you may qualify for a small discount on rates.
- Anti-lock Brake System – Vehicles with anti-lock braking systems have fewer accidents and earn discounts up to 10%.
We need to note that most discounts do not apply to the whole policy. Most only cut individual premiums such as liability and collision coverage. Even though it may seem like all those discounts means the company will pay you, companies don’t profit that way.
For a list of insurance companies with significant discounts in Denver, click this link.
Local Denver insurance agencies
A small number of people would prefer to get advice from a local agent and that is OK! A good thing about getting free rate quotes online is the fact that you can find cheaper auto insurance rates and still choose a local agent.
After filling out this simple form, your insurance data is sent to local insurance agents in Denver who want to provide quotes for your car insurance coverage. You don’t have to leave your computer because prices are sent to you instantly. You can find better rates without a big time investment. If for some reason you want to compare rates from a specific company, don’t hesitate to search and find their rate quote page and give them your coverage information.
Choosing the best provider should depend on more than just a cheap price. Here are some questions you might want to ask.
- Where would glass claims be handled in Denver?
- Will their companies depreciate repairs to your car based on the mileage?
- Do they have any clout with companies to ensure a fair claim settlement?
- How are they compensated?
- How are claims handled?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Are they full-time agents?
Different types of car insurance agents in Denver
If you want a reputable insurance agent or broker, there are a couple of types of agencies and how they differ in how they can insure your vehicles. Denver agents are considered either independent (non-exclusive) or exclusive.
Exclusive Insurance Agencies
Agents that choose to be exclusive write business for a single company such as State Farm, Allstate, or Farmers Insurance. They generally cannot provide rate quotes from other companies so always compare other rates. Exclusive agencies are well schooled on their company’s products which helps offset the inability to provide other markets. Some consumers prefer to choose to use a exclusive agent primarily because of high brand loyalty rather than having the cheapest rates.
Below are Denver exclusive insurance agencies that can give you price quote information.
- Joe Adams – State Farm Insurance Agent
4110 8th Ave – Denver, CO 80220 – (303) 388-4949 – View Map - Hank Dorner – State Farm Insurance Agent
118 W 5th Ave – Denver, CO 80204 – (303) 280-1115 – View Map - Farmers Insurance – Greg Delgado
2839 Wyandot St – Denver, CO 80211 – (720) 588-4111 – View Map
Independent Car Insurance Agencies
Independent agencies are not employed by any specific company and that is an advantage because they can write policies with any number of different companies enabling the ability to shop coverage around. If your agent finds better pricing, your agent can just switch to a different company and you don’t have to switch agencies. If you need cheaper car insurance rates, you will want to get insurance quotes from a couple of independent agencies to have the most options to choose from. Many can place coverage with lesser-known insurance companies that may have much lower rates than larger companies.
The following are Denver independent insurance agencies willing to provide comparison quotes.
- FUSA Insurance Agency
7900 E Union Ave #200 – Denver, CO 80237 – (303) 752-5806 – View Map - Moody Insurance Agency
8055 E Tufts Ave #1000 – Denver, CO 80237 – (303) 824-6600 – View Map - Nationwide Insurance: Lloyd Pro Group Agency
1400 S Columbine St – Denver, CO 80210 – (970) 230-3020 – View Map
When in doubt talk to an agent
When choosing the best car insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Your needs are unique to you and a cookie cutter policy won’t apply.
These are some specific questions can aid in determining whether you may require specific advice.
- What is the rate difference between pleasure use and commuting?
- How can I force my company to pay a claim?
- When should I have rental car coverage?
- How much liability coverage do I need in Colorado?
- Is my babysitter covered when using my vehicle?
- Is my state a no-fault state?
- When does my teenage driver need to be added to my policy?
- Should I file a claim if it’s only slightly more than my deductible?
- Are rental cars covered under my policy?
If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier
Insurance coverage breakdown
Having a good grasp of your insurance policy can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring. These are typical coverage types found on most insurance policies.
Coverage for medical expenses
Coverage for medical payments and/or PIP pay for bills for rehabilitation expenses, ambulance fees and chiropractic care. They are used to fill the gap from your health insurance program or if you are not covered by health insurance. They cover you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay
Liability car insurance
Liability coverage provides protection from damage that occurs to other people or property that is your fault. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/15 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $15,000 of coverage for damaged property.
Liability coverage protects against claims such as repair bills for other people’s vehicles, medical expenses and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as much as you can afford. Colorado state law requires minimum liability limits of 25/50/15 but you should think about purchasing higher limits.
Comprehensive insurance
This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims such as damage from a tornado or hurricane, hitting a bird, a tree branch falling on your vehicle and falling objects. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Collision coverage
Collision coverage will pay to fix damage to your Panamera resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.
Collision coverage protects against things like sustaining damage from a pot hole, crashing into a building, driving through your garage door and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also choose a higher deductible on your Panamera to bring the cost down.
Coverage for uninsured or underinsured drivers
This protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries and damage to your Porsche Panamera.
Because many people only carry the minimum required liability limits (Colorado limits are 25/50/15), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.
Quote more and you will save more
We just covered some good ideas how you can lower your Porsche Panamera insurance rates in Denver. It’s most important to understand that the more companies you get car insurance rates for, the better chance you’ll have of finding inexpensive Denver auto insurance quotes. Consumers may even find the best price on insurance is with some of the smallest insurance companies. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as State Farm, GEICO and Nationwide.
As you restructure your insurance plan, do not buy less coverage just to save a little money. There are a lot of situations where an accident victim reduced liability coverage limits and discovered at claim time that the few dollars in savings costed them thousands. The goal is to purchase a proper amount of coverage at the best cost, but don’t skip important coverages to save money.
Affordable Porsche Panamera insurance in Denver is available both online in addition to local insurance agencies, so you should be comparing quotes from both to have the best chance of lowering rates. There are still a few companies who don’t offer online price quotes and many times these small, regional companies provide coverage only through independent insurance agents.
To learn more, feel free to browse these articles:
- Safety Features for Your New Car (State Farm)
- Who Has the Cheapest Car Insurance Rates for 19 Year Olds in Denver? (FAQ)
- How Much is Denver Car Insurance for a GMC Acadia? (FAQ)
- How Much is Auto Insurance for Uber Drivers in Denver? (FAQ)
- Who Has Cheap Car Insurance Quotes for Handicapped Drivers in Denver? (FAQ)
- Insurance Losses by Make and Model (iihs.org)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
- What is Gap Insurance? (Insurance Information Institute)