Porsche Car Insurance: How Much Is Porsche Insurance? 2024
On average, insuring a Porsche costs about $347 per month, which adds up to roughly $4,172 per year.
We’ve saved shoppers an average of $600 per year on their car insurance.
Porsche, founded in 1931 in Germany, is renowned for producing high-performance sports cars, luxury SUVs, and sedans, blending cutting-edge engineering with iconic design. The price to insure a Porsche varies based on factors like your age, driving history, and location car insurance Insurance companies use this information to evaluate the risk of insuring your Porsche and determine your premium. The average cost to insure a Porsche is $4,172 per year.
How Much Does Porsche Insurance Cost?
On average, the monthly cost to insure a Porsche is $347, totaling around $4,172 annually. However, the cost that you pay for car insurance will depend on various factors, such as your age, location, driving history, and your car model.
Average Porsche Insurance Cost By Model
A key factor in determining your car insurance rate is the model that you drive. According to our analysis, the average cost of insuring a Porsche, across all models, is $4,172 per year. The Porsche Macan is the cheapest model to insure, at $2,907 per year. On the other hand, the Porsche 911 is the most expensive, at an average of $6,103 per year.
Use the table below to compare insurance rates for Porsche models.
| Porsche Model | Average Yearly Insurance Cost |
| Porsche 911 | $6,103 |
| Porsche 718 Boxster | $3,681 |
| Porsche Cayenne | $3,212 |
| Porsche Macan | $2,907 |
| Porsche Panamera | $4,959 |
Keep in mind that these numbers are averages, and your actual insurance cost can differ based on where you live, your age, driving record, and the type of coverage you select.
Are Porsche Expensive To Insure?
The average monthly cost of car insurance nationwide is $156. For a Porsche, however, the average insurance rate across all models is $347 per month, significantly above the national average. Insurance expenses are generally determined by the specific model rather than the brand as a whole, so it’s essential to check rates for your particular Porsche.
Porsche 911 Insurance Cost
The average cost of insuring a Porsche 911 across all model years, is $2,626 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Porsche 911 | $4,377 |
| 2023 Porsche 911 | $3,574 |
| 2022 Porsche 911 | $1,808 |
| 2021 Porsche 911 | $1,569 |
| 2020 Porsche 911 | $1,803 |
Porsche 718 Insurance Cost
The average cost of insuring a Porsche 718 across all model years, is $1,646 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Porsche 718 | $1,894 |
| 2022 Porsche 718 | $1,754 |
| 2021 Porsche 718 | $1,529 |
| 2020 Porsche 718 | $1,756 |
| 2019 Porsche 718 | $1,299 |
Porsche Cayenne Insurance Cost
The average cost of insuring a Porsche Cayenne across all model years, is $2,506 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Porsche Cayenne | $4,232 |
| 2023 Porsche Cayenne | $3,633 |
| 2022 Porsche Cayenne | $1,605 |
| 2021 Porsche Cayenne | $1,636 |
| 2020 Porsche Cayenne | $1,426 |
Porsche Macan Insurance Cost
The average cost of insuring a Porsche Macan across all model years, is $2,151 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Porsche Macan | $3,933 |
| 2023 Porsche Macan | $2,424 |
| 2022 Porsche Macan | $1,782 |
| 2021 Porsche Macan | $1,480 |
| 2020 Porsche Macan | $1,138 |
Porsche Panamera Insurance Cost
The average cost of insuring a Porsche Panamera across all model years, is $2,980 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Porsche Panamera | $3,527 |
| 2023 Porsche Panamera | $3,360 |
| 2022 Porsche Panamera | $3,065 |
| 2021 Porsche Panamera | $3,400 |
| 2020 Porsche Panamera | $1,549 |
Cheapest Car Insurance Companies For Porsche
The cost of your Porsche car insurance policy will depend on the company that you choose. Erie offers the cheapest rates for insuring a Porsche, at $2,608 per year.
Use the table below to compare cheap full-coverage rates for a Porsche.
| Company | Average Annual Premium |
| USAA | $3,130 |
| Amica | $3,709 |
| State Farm | $3,246 |
| Geico | $3,943 |
| Erie | $2,608 |
Porsche Car Insurance Cost – By Driver Age
The rates you pay to insure a Porsche will differ dramatically based on driver age. Younger drivers tend to pay a lot more for car insurance because, statistically, they are much more likely to get into accidents.
As drivers get older, their insurance rates tend to drop until they turn about 60-70. Then their rates increase again.
| Age | Average Annual Rate |
| 17 | $14,118 |
| 18 | $13,172 |
| 19 | $11,620 |
| 20 | $10,152 |
| 21 | $8,497 |
| 22 | $8,292 |
| 23 | $7,259 |
| 24 | $6,874 |
| 25 | $5,952 |
| 30 | $4,635 |
| 35 | $4,347 |
| 40 | $4,165 |
| 45 | $4,048 |
| 55 | $3,732 |
| 65 | $3,878 |
| 75 | $4,912 |
Average Porsche Car Insurance Rates – By Company
| Insurance Provider | Average Monthly Premium |
| State Farm | $89 |
| AAA | $90 |
| Travelers | $99 |
| The Hartford | $105 |
| Progressive | $109 |
| Nationwide | $110 |
| American Family | $111 |
| Farmers | $135 |
| Allstate | $165 |
| Liberty Mutual | $175 |
Average Porsche Car Insurance Rates – By U.S. State
| State | Average Annual Rate |
| Alabama | $4,419 |
| Alaska | $3,662 |
| Arizona | $4,138 |
| Arkansas | $4,522 |
| California | $5,036 |
| Colorado | $4,715 |
| Connecticut | $6,024 |
| Delaware | $4,981 |
| Florida | $5,912 |
| Hawaii | $1,940 |
| Idaho | $3,345 |
| Illinois | $3,506 |
| Indiana | $3,615 |
| Iowa | $2,850 |
| Kansas | $3,795 |
| Kentucky | $5,489 |
| Louisiana | $7,042 |
| Maine | $2,655 |
| Maryland | $4,307 |
| Massachusetts | $3,453 |
| Michigan | $8,360 |
| Minnesota | $3,437 |
| Mississippi | $4,156 |
| Missouri | $3,913 |
| Montana | $3,964 |
| Nebraska | $3,353 |
| Nevada | $5,534 |
| New Hampshire | $3,855 |
| New Jersey | $4,240 |
| New Mexico | $4,329 |
| New York | $4,027 |
| North Carolina | $2,482 |
| North Dakota | $3,415 |
| Ohio | $3,048 |
| Oklahoma | $4,842 |
| Oregon | $4,426 |
| Pennsylvania | $3,710 |
| Rhode Island | $6,220 |
| South Carolina | $4,228 |
| South Dakota | $3,774 |
| Tennessee | $4,463 |
| Texas | $4,471 |
| Utah | $3,804 |
| Vermont | $2,944 |
| Virginia | $2,759 |
| Washington | $3,652 |
| West Virginia | $3,672 |
| Wisconsin | $3,665 |
| Wyoming | $3,419 |
| Georgia | $4,825 |
How To Save Money On Porsche Car Insurance?
Owning a Porsche involves several costs, with car insurance being one of the largest. However, there are ways to reduce your insurance expenses. Here’s how:
Maintain a Clean Driving Record
Insurance companies pay close attention to your driving history when setting your premium. Staying accident-free and avoiding traffic tickets can demonstrate that you’re a low-risk driver, which can help lower your insurance costs.
Bundle Your Policies
Many insurance companies provide discounts if you bundle multiple policies, such as home and auto insurance. This approach not only makes managing your insurance easier but also helps you save on your premiums.
Raise Your Deductible
Raising your deductible, which is the amount you pay before your insurance starts covering costs, can reduce your premium. Make sure you can cover the higher deductible if you need to make a claim.
Install Safety Features
Porsche cars have many safety features, but installing additional items like anti-theft devices can help lower your insurance costs even more by reducing the risk of theft and damage.
Take Advantage of Discounts
Insurance companies frequently provide discounts for being a good student, maintaining a clean driving record, or completing a defensive driving course. Check with your insurer to find out if you’re eligible for any of these discounts.
Shop Around
Insurance premiums can differ a lot from one provider to another. It’s essential to compare quotes and select the insurer that provides the best value for what you need.
Consider Usage-Based Insurance
If you don’t drive your Porsche very often, consider usage-based insurance. This policy sets your premium based on how much you drive, which can save you money if your Porsche isn’t your primary vehicle.
Our Methodology
In order to calculate average car insurance costs, Insuranceopedia aggregated thousands of quotes from leading auto insurance providers. The sample profile was for a 40-year-old male driver buying full-coverage car insurance with these coverage limits: $100,000 in property damage liability, $100k in bodily injury liability and a $1,000 deductible. However, the figures in this guide may differ from your own individual results
FAQs
What Is The Most Expensive Porsche Model To Insure?
At $6,103 per year, the Porsche 911 is the most expensive Porsche model for car insurance.
What Is The Cheapest Porsche Model To Insure?
The Porsche Macan is the cheapest model for car insurance, at $2,907 per year.
