Cheap Porsche Auto Insurance in 2024

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.

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.

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.

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.

Find Auto Insurance Rates for Your Porsche Model

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.