I really doubt anyone enjoys paying for car insurance, especially knowing they could get a better deal.
Unthinkable but true, the majority of drivers have been with the same company for at least the last four years, and just under half have never even compared rates from other companies. Consumers in the U.S. could save approximately $860 each year by just comparing rate quotes, but most undervalue the big savings they would realize if they swap their current policy for a cheaper one.
Due to the fact that there are so many different company options, it can be impossible to locate the right insurance company.
Buying the cheapest car insurance in New Orleans is actually quite easy if you know where to start. If you are insured now, you stand a good chance to be able to save money using this information. Nevertheless, Louisiana car owners must comprehend how insurance companies determine premium rates because rates fluctuate considerably.
Finding Porsche Cayenne insurance in New Orleans
Most major insurance companies like Progressive, Allstate and GEICO allow consumers to get coverage price quotes from their websites. Getting Porsche Cayenne insurance prices online is quite easy as you just enter your required coverages as requested by the quote form. Once you submit the form, the quote system makes automated requests for information on your driving record and credit history and returns pricing information based on these and other factors. This makes it easy to compare insurance prices and it is important to do this if you want to find the lowest auto insurance rates.
To quickly compare pricing, take a look at the companies shown below. If you have your current policy handy, we recommend you input the coverages as shown on your current policy. Doing this assures you will be getting rate comparison quotes based on identical coverages.
The following companies are ready to provide price quotes in New Orleans, LA. To find cheap car insurance in New Orleans, we suggest you click on several of them to get the best price comparison.
Get cheaper rates on Porsche Cayenne insurance in New Orleans with these auto insurance discounts
Auto insurance is neither fun to buy or cheap, but there could be available discounts that you may not even be aware of. A few discounts will be applied when you complete an application, but a few must be asked about prior to receiving the credit.
- Claim-Free Discount – Drivers with accident-free driving histories pay less when compared with drivers with a long claim history.
- Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen with less frequency and will qualify for a discount on a New Orleans auto insurance quote.
- Own a Home and Save – Being a homeowner can save a few bucks since owning and maintaining a home requires a higher level of personal finance.
- Memberships – Joining qualifying clubs or civic groups could qualify you for a break on your policy.
- Active Service Discounts – Being deployed in the military may lower your premium rates slightly.
- ABS and Traction Control Discounts – Anti-lock brake equipped vehicles have fewer accidents so you can save 10 percent or more.
It’s important to note that most credits do not apply to your bottom line cost. A few only apply to individual premiums such as comprehensive or collision. So even though it sounds like it’s possible to get free car insurance, nobody gets a free ride.
The chart below shows the comparison of Porsche Cayenne yearly insurance costs with and without policy discounts. The rate quotes are based on a male driver, no accidents, no driving violations, Louisiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-policy, safe-driver, claim-free, and multi-car discounts applied.
If you would like to see a list of companies that can offer you the previously mentioned discounts in Louisiana, click here to view.
Coverage information
The table shown below highlights detailed analysis of insurance prices for Porsche Cayenne models. Being able to understand how prices are calculated can assist in making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayenne | $312 | $550 | $436 | $26 | $130 | $1,454 | $121 |
| Cayenne S | $340 | $622 | $436 | $26 | $130 | $1,554 | $130 |
| Cayenne GTS | $340 | $694 | $436 | $26 | $130 | $1,626 | $136 |
| Cayenne S Transyberia | $340 | $694 | $436 | $26 | $130 | $1,626 | $136 |
| Cayenne GTS PD Edition 3 | $370 | $766 | $436 | $26 | $130 | $1,728 | $144 |
| Cayenne Turbo | $398 | $766 | $436 | $26 | $130 | $1,756 | $146 |
| Cayenne Turbo S | $456 | $910 | $436 | $26 | $130 | $1,958 | $163 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Estimates do not factor in specific New Orleans garaging location which can increase or decrease insurance rates substantially.
Physical damage deductible comparison
One common question asked by New Orleans drivers is at what level do you set your deductibles. The data tables below may help you to understand the rate differences between low and high comp and collision deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayenne | $554 | $980 | $464 | $28 | $140 | $2,191 | $183 |
| Cayenne S | $606 | $1108 | $464 | $28 | $140 | $2,371 | $198 |
| Cayenne GTS | $606 | $1236 | $464 | $28 | $140 | $2,499 | $208 |
| Cayenne S Transyberia | $606 | $1236 | $464 | $28 | $140 | $2,499 | $208 |
| Cayenne GTS PD Edition 3 | $658 | $1366 | $464 | $28 | $140 | $2,681 | $223 |
| Cayenne Turbo | $708 | $1366 | $464 | $28 | $140 | $2,731 | $228 |
| Cayenne Turbo S | $812 | $1622 | $464 | $28 | $140 | $3,091 | $258 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cayenne | $404 | $662 | $464 | $28 | $140 | $1,698 | $142 |
| Cayenne S | $442 | $748 | $464 | $28 | $140 | $1,822 | $152 |
| Cayenne GTS | $442 | $836 | $464 | $28 | $140 | $1,910 | $159 |
| Cayenne S Transyberia | $442 | $836 | $464 | $28 | $140 | $1,910 | $159 |
| Cayenne GTS PD Edition 3 | $480 | $922 | $464 | $28 | $140 | $2,034 | $170 |
| Cayenne Turbo | $518 | $922 | $464 | $28 | $140 | $2,072 | $173 |
| Cayenne Turbo S | $592 | $1096 | $464 | $28 | $140 | $2,320 | $193 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Estimates do not factor in specific location which can impact price quotes noticeably.
We can derive from the above data that using a $100 deductible costs approximately $51 more each month or $612 for a full year than selecting the higher $500 deductible. Since you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 8 months between claims, you would save money if you choose a higher deductible.
Rate comparison of full coverage and liability-only
The illustration below visualizes the comparison of Porsche Cayenne auto insurance costs with full coverage and liability only. The data assumes no claims, a clean driving record, $100 deductibles, marital status is single, and no other discounts are factored in.
Guidelines for dropping full coverage
There is no written rule that is best for determining when to drop physical damage coverage, but there is a general school of thought. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s pretend your Porsche Cayenne settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $2,000 after the deductible is paid. If you are paying more than $200 a year for full coverage, then you may need to consider dropping full coverage.
There are a few situations where buying only liability insurance is not a good plan. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not drop full coverage.
Local New Orleans insurance agencies
Certain consumers just want to sit down and talk to an agent. A good thing about comparing rates online is that you can find lower car insurance rates but still work with a licensed agent.
To help locate an agent, after submitting this form (opens in new window), your information is immediately sent to agents in your area who will give competitive quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to leave your house since rate quotes are delivered to the email address you provide. Get lower rates AND an agent nearby. If you wish to compare rates from a specific company, you would need to go to their quote page and fill out their quote form.
Choosing an insurance company should include more criteria than just the premium amount. These are valid questions to ask:
- By raising physical damage deductibles, how much would you save?
- Is working in the agency their full-time job?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- What company holds the largest book of business for them?
- If independent agents, which companies do they recommend?
- How are they compensated?
When looking for local New Orleans agents, it helps to know the two different agency structures and how they operate. Agencies in New Orleans can be described as either exclusive or independent agents depending on their company appointments.
Exclusive Insurance Agents
These type of agents can only provide one company’s prices such as American Family, State Farm, and Allstate. They usually cannot provide prices from multiple companies so you need to shop around if the rates are high. Exclusive insurance agents receive a lot of sales training on the products they sell which helps them sell on service rather than price.
The following are exclusive insurance agents in New Orleans willing to provide price quotes.
Wayne Leone – State Farm Insurance Agent
1701 S Carrollton Ave – New Orleans, LA 70118 – (504) 865-1101 – View Map
Derek Morel – State Farm Insurance Agent
5555 Bullard Ave #104 – New Orleans, LA 70128 – (504) 247-9241 – View Map
Chase Dardar – State Farm Insurance Agent
6301 S Claiborne Ave – New Orleans, LA 70125 – (504) 861-4529 – View Map
Independent Agents
Agents that choose to be independent are not required to write business for one company and that enables them to quote your coverage with many different companies and find you cheaper rates. To transfer your coverage to a different company, they simply switch companies in-house which requires no work on your part.
If you are comparing insurance prices, you need to include rate quotes from multiple independent agents in order to compare the most rates.
Shown below is a list of independent agents in New Orleans that can give you price quote information.
Nola Insurance Agency
2646 Banks St – New Orleans, LA 70119 – (504) 822-8770 – View Map
Pat Leboeuf Insurance
601 Seguin St – New Orleans, LA 70114 – (504) 361-4600 – View Map
Mid-City Auto Title and Insurance
3328 Bienville St # A – New Orleans, LA 70119 – (504) 827-1845 – View Map
What Determines Porsche Cayenne Insurance Premiums?
Lots of things are considered when you quote your car insurance policy. Some are pretty understandable such as your driving record, although others are not quite as obvious such as your marital status or your commute time. The best way to find cheaper auto insurance is to take a look at some of the things that help calculate your policy premiums. When you understand what controls the rates you pay, this helps enable you to make changes that will entitle you to cheaper rates.
Shown below are some of the most common factors utilized by car insurance companies to help set your prices.
- Getting married can save you money – Being married helps lower the price on your policy. Having a spouse translates into being more mature and responsible and statistics prove married drivers tend to file fewer claims.
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Cheaper to insure women? – Statistics demonstrate women tend to be less risk to insure than men. This data doesn’t prove that females are better drivers. Females and males cause fender benders in similar percentages, but males tend to have more serious accidents. Men also tend to get more serious tickets such as DWI and reckless driving.
The diagram below illustrates the comparison of Porsche Cayenne car insurance rates for male and female drivers. The rate quotes are based on no claims, a clean driving record, comprehensive and collision coverage, $500 deductibles, drivers are single, and no discounts are taken into consideration.
- You might want pay the small insurance claims yourself – Insurance companies in Louisiana generally give the lowest premiums to policyholders who do not file claims often. If you’re an insured who likes to file claims you can look forward to higher rates. Your car insurance is meant to be used in the event of claims that you cannot pay yourself.
- Job reflects on rates – Do you work in a high-stress field? Occupational choices like lawyers, police officers, and miners have the highest rates due to stressful work requirements and lots of time spent at work. Other occupations like scientists, athletes and the unemployed pay the least.
- Vehicles with better crash test results cost less to insure – Safer cars can get you lower premiums. Vehicles built for safety help reduce the chance of injuries in an accident and reduced instances of injuries translates into savings for insurance companies and lower rates for you.
- Never let your coverage expire – Allowing your coverage to lapse can be a guaranteed way to drive up your policy premiums. Not only will you pay more, being ticketed for driving with no insurance may earn you a steep fine or even jail time. You may have to file a SR-22 with the Louisiana department of motor vehicles.
- Extra policy coverages may not be needed – Insurance policies have a lot of additional coverages that you can buy when buying auto insurance. Coverages like roadside assistance, accident forgiveness, and membership fees are some examples. These may sound like a good investment at first, but if you have no use for them remove them and pocket the money.
- Your credit rating is important – An insured’s credit score will be a significant factor in determining what you pay. People that have excellent credit tend to be less risk to insure than drivers who have lower credit ratings. Therefore, if your credit rating is low, you could potentially save money when insuring your Porsche Cayenne if you improve your credit rating.
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Porsche Cayenne insurance loss data – Companies factor in insurance loss information when they calculate premium rates for each model. Vehicles that tend to have higher frequency or amount of claims will have a higher cost to insure.
The next table illustrates the compiled insurance loss statistics for Porsche Cayenne vehicles. For each insurance policy coverage type, the claim amount for all vehicles averaged together equals 100. Numbers below 100 imply a favorable loss record, while numbers shown that are more than 100 indicate more frequent losses or an increased chance of a larger loss.
Insurance Loss Ratings for Porsche Cayenne Vehicles Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Porsche Cayenne 4dr 4WD 176 100 138 58 53 77 Porsche Cayenne Hybrid 4dr 4WD 119 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Three reasons to insure your Porsche Cayenne
Despite the high cost of buying insurance for a Porsche Cayenne in New Orleans, auto insurance may be required and benefits you in several ways.
- The majority of states have mandatory liability insurance requirements which means you are required to carry a specific minimum amount of liability coverage if you don’t want to risk a ticket. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your vehicle, almost every bank will stipulate that you buy full coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Porsche at a more expensive rate and force you to reimburse them for the expensive policy.
- Insurance protects both your car and your assets. Insurance will also pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit in the event you are sued. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay to repair the damage.
The benefits of insuring your car definitely exceed the price paid, especially if you ever need it. Unknowingly, the average driver is overpaying over $869 every year so you should quote and compare rates at least once a year to ensure rates are inline.
More effort can pay off
When shopping online for auto insurance, make sure you don’t reduce coverage to reduce premium. There are a lot of situations where an insured dropped collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy the best coverage you can find at an affordable rate but still have enough coverage for asset protection.
Throughout this article, we presented quite a bit of information on how to shop for Porsche Cayenne insurance online. The key concept to understand is the more times you quote, the higher the chance of saving money. You may even discover the lowest priced auto insurance comes from a small mutual company. Regional companies often have lower rates on specific markets than their larger competitors like State Farm or Progressive.
How to find lower priced Porsche Cayenne insurance in New Orleans
Really, the only way to get more affordable Porsche Cayenne insurance in New Orleans is to start doing an annual price comparison from insurers who provide car insurance in Louisiana.
- First, take a little time to learn about how companies price auto insurance and the measures you can control to keep rates down. Many things that cause high rates like speeding tickets, careless driving and poor credit history can be remedied by making lifestyle changes or driving safer.
- Second, get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from one company like Progressive or Allstate, while independent agencies can provide price quotes from many different companies. Start a quote
- Third, compare the new rate quotes to your existing policy to determine if you can save on Cayenne insurance. If you can save money and switch companies, make sure there is no lapse in coverage.
The key thing to know about shopping around is that you’ll want to compare the same amount of coverage on each price quote and and to get rate quotes from as many different insurance providers as possible. This helps ensure a fair rate comparison and the best price selection.
Additional information is located on the following sites:
- Avoiding Deer Collisions (Insurance Information Institute)
- How Much is Auto Insurance for Ride Shares in New Orleans? (FAQ)
- Who Has Affordable Auto Insurance for Young Drivers in New Orleans? (FAQ)
- What Car Insurance is Cheapest for Drivers with a Bad Driving Record in New Orleans? (FAQ)
- Who Has Cheap New Orleans Auto Insurance for a Honda Accord? (FAQ)
- What Auto Insurance is Cheapest for Used Cars in New Orleans? (FAQ)
- Who Has the Cheapest New Orleans Car Insurance Quotes for Unemployed Drivers? (FAQ)
- What Auto Insurance is Cheapest for Felons in New Orleans? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Safe Drivers in New Orleans? (FAQ)
- How Much is New Orleans Car Insurance for Low Mileage Drivers? (FAQ)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Protect Yourself Against Auto Theft (Insurance Information Institute)