Affordable Porsche Auto Insurance Quotes (2023)
Owning the Porsche 911 or Porsche Panamera means purchasing the most expensive insurance rates while the Porsche Boxster is one of the cheaper models. State Farm and Geico offer the cheapest results. Many factors affect your auto insurance rates, including your age and driving record.
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, Finance101.com, and Forbes. As a parent herself, she under...
Licensed Insurance Agent
UPDATED: Jul 25, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jul 25, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- The Porsche 911 and Porsche Panamera have some of the most expensive insurance rates out of all the Porsche models
- The Porshe Boxster is one of the cheaper models to get auto insurance for
- Porsche rates will be higher for younger drivers and those with poor driving records
If you are looking for affordable Porsche auto insurance quotes, keep in mind that Porsches do cost more on average to insure than other cars, as it is a luxury brand. When finding auto insurance quotes online or in person, your rates will also partly depend on what model of Porsche you own. Keeping a clean driving record can help you find cheap auto insurance for your Porsche more easily.
Continue reading to learn all about Porsche auto insurance rates, from how your model affects your rates to Porsche’s brand of auto insurance.
Porsche Auto Insurance Rates
There are a few different factors that will affect how much you pay for auto insurance, from what company you pick to your age. We’ve gone over each important factor in detail below.
Rates by Company
Which auto insurance company you pick will have a significant impact on insurance cost, as you can see from the average rates displayed below.
Average Monthly Auto Insurance Rates by Company| Auto Insurance Company | Average Monthly Auto Insurance Rates for Minimum Coverage | Average Monthly Auto Insurance Rates for Full Coverage |
|---|---|---|
| Progressive | $50.13 | $136.05 |
| Geico | $32.32 | $86.79 |
| Allstate | $66.78 | $176.48 |
| State Farm | $39.39 | $102.85 |
| Nationwide | $53.03 | $136.19 |
| American Family | $50.92 | $136.58 |
| Farmers | $63.68 | $167.16 |
| Liberty Mutual | $77.24 | $199.56 |
Choosing a company that has cheaper rates on average will ensure you get a cheaper rate for your Porsche. Some companies that are cheaper for most drivers are Geico and State Farm. You can read our State Farm auto insurance review or Geico auto insurance review to learn more about these companies. USAA is also a cheaper company, but it is only for military members and veterans.
When looking for a car insurance company for your Porsche, we recommend getting auto insurance quotes from a few different companies to make sure you are getting the cheapest rates. You should also check car insurance company reviews to see what other customers think about how the company handles claims and policy changes.
Rates by Model
Porsche models that have a higher purchase price will be more expensive to insure than cheaper models. This is because insurance companies will have to pay more if your Porsche is totaled or needs repairs. Below, you can see the average rates for a few different Porsche models.
Average Monthly Full Coverage Auto Insurance Rates for Porsche Models| Porsche Model | Average Monthly Rates |
|---|---|
| 718 Boxter | $241.83 |
| 718 Cayman | $239.67 |
| 718 Spyder | $289.42 |
| 911 Carrera | $323.25 |
| 911 Turbo S | $372.92 |
| Cayenne | $232.5 |
| Macan | $189.92 |
| Taycan Turbo | $300.67 |
| Panamera | $303.75 |
On average, one of the cheaper Porsche models to insure is the Porsche 718 Boxster. This is likely because it’s at least $30,000 cheaper than the Porsche 911 and Porsche Panamera. So the less your Porsche costs, the less your insurance will be.
Rates by Driving Record and Age
In addition to your choice of auto insurance company and what model of Porsche you own, your age and driving record will also impact your Porsche rates. Below, you can see how age and driving record will affect rates on your Porsche model.
Average Monthly Full Coverage Auto Insurance Rates Based on Age & Driving Record| Driver Age & Driving Record | Average Monthly Full Coverage Auto Insurance Rates |
|---|---|
| 16-year-old male with a clean record | $618.49 |
| 16-year-old female with a clean record: | $566.05 |
| 18-year-old male with a clean record | $501.45 |
| 18-year-old female with a clean record | $416.15 |
| 30-year-old male with a clean record: | $138.81 |
| 30-year-old female with a clean record | $128.44 |
| 45-year-old male with a clean record | $119.27 |
| 45-year-old female with a clean record | $119.47 |
| 45-year-old male with a DUI | $208.94 |
| 45-year-old female with a DUI | $209.44 |
| 45-year-old male with an accident | $172.68 |
| 45-year-old female with an accident | $173.27 |
Younger drivers have higher rates due to inexperience with driving, as they are more likely to crash and file a car insurance claim. Keeping a clean driving record with no traffic tickets, at-fault accidents, or DUIs will ensure that you can find affordable auto insurance as a young driver, with rates decreasing for each year you go without a driving incident.
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Porsche Auto Insurance Coverage
Porsche does sell auto insurance specifically for Porsche owners. It is a subsidiary of Mile Auto and provides both traditional auto insurance and pay-per-mile insurance. You can get quotes from Porsche auto insurance to see how much a policy will cost you so that you can compare the rates to other companies.
Some of the advantages that Porsche boasts about its auto insurance policies are as follows:
- Agreed value coverage: You can set the full value of your car, which means Porsche will calculate any accessories or modifications that raise the value of your car so that they are covered in an accident.
- Genuine parts: You can use Porsche-approved collision centers that will use genuine parts to repair your Porsche.
- Pay-per-mile: You can choose to get pay-per-mile insurance if you rarely drive, where you pay a set daily fee of a few dollars and then a per-mile fee, which is usually just a few cents. This can be beneficial to infrequent drivers.
The opportunity to get pay-per-mile insurance is one of the biggest perks of Porsche insurance. If you drive less than 10,000 miles per year, Porsche’s pay-per-mile insurance policy could save you a great deal on car insurance. However, if you are purchasing traditional auto insurance, make sure you compare Porsche’s quotes to quotes from other companies, as it may not be the best deal.
Find the Most Affordable Porsche Auto Insurance Today
Porsche auto insurance is going to be more expensive simply because it is a luxury car brand. Because insurance companies are paying for your repairs or car replacement, they charge more for expensive vehicles to lessen the financial risk. To lower your Porsche auto insurance rates, the best thing you can do is keep a clean driving record.
You can also shop around and compare auto insurance quotes to make sure you are getting the best deal for your Porsche. You can use our free quote comparison tool to find the best rates from companies in your area.
Frequently Asked Questions
How much is car insurance for a Porsche?
Most average monthly rates for a full coverage policy will fall around $200 for a Porsche. Some Porsche models cost more to insure than others, depending on their purchase price. Rates will also depend on what auto insurance company you choose and your driving record. Shopping around for auto insurance quotes will ensure you find the best deal on rates for your Porsche.
How much is Porsche 911 auto insurance?
The Porsche 911 is one of the most expensive Porsche models to insure, with the average monthly rate for a full coverage policy costing over $200. However, the rates you pay for your Porsche 911 will depend upon your choice of an auto insurance company, your driving record, your age, and other relevant factors.
How much is Porsche Boxster auto insurance?
A Porsche Boxster is one of the cheaper Porsche models to insure, as it costs less to buy than models like the Porsche 911. However, it is still over $150 per month on average for a full coverage policy on a Porsche Boxster. Your auto insurance rates may be higher or lower depending on your driving record, car insurance company, and other factors.
Is it possible to find affordable insurance for a Porsche?
Yes, it is possible to find affordable insurance for a Porsche. While Porsches are known for their performance and luxury, insurance rates can vary depending on several factors. By considering certain aspects and taking the right steps, you can find insurance options that fit your budget.
What factors affect the cost of Porsche auto insurance?
Several factors can influence the cost of Porsche auto insurance. Some of the key factors include the model and year of the Porsche, your location, your driving history, your age, the intended use of the vehicle, and the level of coverage you choose. Each insurance company may also have its own proprietary rating factors.
Compare over 200 auto insurance companies at once!
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, Finance101.com, and Forbes. As a parent herself, she under...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.