Why cheap Porsche insurance can prove a COSTLY mistake
If you’re the type of person who puts ‘cheap Porsche insurance’ into Google when looking for a quote, you might want to think again.
Despite costing anything from £44,000 up to £211,599 for one of their latest models, thousands of drivers still try to hunt for the Porsche insurance deal they can find ever year.
In our experience, price should NEVER be the only factor you consider when arranging a motor insurance policy – or it could end up being a very costly mistake.
The dangers of cheap Porsche insurance
If you buy cheap Porsche insurance from a comparison website or standard market insurer, there’s a good chance your policy will contain warranties and clauses which protect the insurer’s interests – rather than yours!
Should a claim need to be made, there’s every likelihood that your ‘cheap’ cover will prove INADEQUATE and often won’t pay out for the full market value – especially in the event of a total loss.
Unsurprisingly, this isn’t something that most standard market insurers shout about too loudly. Neither do those companies who sell policies through comparison websites.
You may also be surprised to learn that the majority of standard market insurers only provide up to £5,000 personal accident cover.
That’s not much compensation if you suffer significant injuries sustained as a result of being in a vehicle accident.
Your loved ones will probably think it’s a PITTANCE should you ever be involved in a tragedy.
We’ve even heard of cases where an insurer was happy to allow a Porsche 911 Carrerra S (worth £93,110) to be insured on third party, fire and theft cover.
Doing this would be MADNESS!
If an accident occurred, this cover would leave you seriously underinsured – not to mention massively out of pocket.
10 factors which affect your Porsche insurance cost
Whilst a large number of Porsche models are now more obtainable to drive than ever before, their strong-market values and expensive repair costs mean they usually fall into higher insurance groups.
Because of their powerful engines and off-the-mark speed, most insurers view Porsche cars as a BIGGER risk.
The following factors all influence your Porsche insurance cost:
- Model and trim
- Year of manufacture
- Car’s safety rating
- Likelihood of being stolen
- Replacement costs and parts
- Overall damage susceptibility
- Annual miles you drive
- Your age
- Previous driving history
Why it pays to think about protection – not just price!
At Nowell & Richards we adopt a different approach to Porsche insurance – giving you IMPARTIAL advice, experience and expertise.
Unlike some standard market insurers, we can specially tailor a policy that’s UNIQUE to your motoring requirements.
Once we’ve analysed your lifestyle, we investigate the broader market before proposing the most appropriate tailored insurance solution for your needs.
Protect your prestige vehicle with us and you’ll benefit from:
- High-value personal injury cover for driver and passengers
- Annual overseas driving cover
- UK and European breakdown cover
- Agreed and extended value cover for total loss
- Malicious damage and vandalism costs
- Repairs completed by repairer of your choice
- Only manufacturer-approved parts used
- Unlimited windscreen cover
- Enhanced courtesy car – after fault, accident or theft
- Warranty free policy – no clauses to trip you up
- Seamless, fast and efficient claims service
- Drive any vehicle at any time
- Business use included
Consider all options and cover carefully before making a decision
Porsche supercars are a big-budget asset.
Most discerning owners understand that cheap Porsche insurance will NOT provide adequate protection.
It definitely pays to shop around to try and obtain the best deal – and you should get more than one quote.
If you want to cut your cost of motoring, we would advise…
- Don’t customise your Porsche – modifications increase premiums
- Keep your car safe overnight – locked in a garage is best
- Invest in security features – trackers, alarms etc
- Detail your driving habits – less miles = less cost
- Build-up your no claims discount
By all means amend your voluntary excess – or pay your premium annually instead of monthly to reduce your overall outlay.
But NEVER compromise on cover or protection – and ALWAYS take into account all aspects of your policy not just the cost before making a final decision.
If you do, there’s a good chance you’ll end up with a policy that offers the right protection – and is befitting of your car’s status.
For a competitive Porsche insurance quote based on your lifestyle and needs, call 01785 255514 to discuss your options.