Best Car Insurance for Porsche 2022

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Car Insurance for Porsche

On average, Porsche drivers pay $1,871 each year for car insurance. But depending on the model you have, your insurance rates could vary. A Cayenne S costs $1,891 less more per year to insure than a Cayenne Gts.
Considered the cream of the crop when it comes to style, comfort, and luxury, German automaker Porsche specializes in creating a memorable driving experience for buyers.
Beyond their very high purchase prices, Porsches hold their value very well and are cherished for their lush interiors and powerful engines.
If you’re willing to pay for the Porsche experience, make sure you keep your beautiful investment protected with the right car insurance plan.
Your insurance will be based on the model you choose along with factors unique to you.
Fortunately, the car insurance super app Jerry can help you find the best prices for the coverage you need. In just 45 seconds, Jerry will find you quotes from over 50 top insurance companies, so you know you’re always getting the best deals.
Here are some real quotes from Jerry customers who saved money when insuring their Porsche.
Quote DateCarLocationZip CodeNameAgeCarrier
Before Jerry
After Jerry
March 29, 2022Porsche Cayenne SPhoenix, AZ85007Derrick A.38Safeco$197/mo.$64/mo.
March 29, 2022Porsche Cayenne SPhiladelphia, PA19134Maria C.34Safeco$125/mo.$88/mo.
April 7, 2022Porsche Cayenne GtsSicklerville, NJ08081Leon C.28Plymouth Rock$140/mo.$94/mo.
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Insurance for Porsche models

It should come as no surprise that any Porsche will cost more than average to insure. Still, the exact model you choose can influence your final rate.

Insurance for Porsche based on the year of the car

There’s almost nothing more alluring than the shine of a brand-new Porsche—but the newer your car is, the more it’ll cost to insure.
In the first year of ownership alone, a car will lose up to 23.5% of its value (according to Edmunds). So, as your car continues to age, its depreciating value will lead to lower repair and replacement costs, making your insurance more affordable.
Additionally, if you’re financing or leasing a Porsche, you’ll be required to purchase full-coverage insurance, which is more expensive than if you were to pay for the state-required liability insurance alone.
According to Jerry’s internal data, the cheapest years for Porsches are 2009 and 2007.
The most expensive years for Porsches are 2014 and 1999.
Year
Average Cost
Annual Savings with Jerry
2021$2,344$679Compare Prices
2020$3,475$922Compare Prices
2019$2,147$468Compare Prices
2018$3,987$1,376Compare Prices
2017$3,274$942Compare Prices
2016$3,478$909Compare Prices
2015$3,241$1,010Compare Prices
2014$3,895$1,200Compare Prices
2013$2,427$634Compare Prices
2012$3,307$1,316Compare Prices
2011$2,311$657Compare Prices
2010$2,652$1,100Compare Prices
2009$1,918$781Compare Prices
2008$1,864$422Compare Prices
2007$1,970$822Compare Prices
2005$3,300$2,072Compare Prices
2004$2,575$623Compare Prices
2002$2,160$523Compare Prices
1999$3,384$734Compare Prices
1983$1,800$274Compare Prices
Key Takeaway Older Porsches typically cost less to repair or replace than newer ones and may not be leased or financed, so they tend to have lower insurance premiums.
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Insurance for different models of Porsche

While age plays a part in setting insurance premiums, the car’s model is an even more important factor.
Porsches with comparatively lower purchase prices, lower repair and replacement costs, and higher safety ratings will be the most affordable to insure. (With most car makes, this includes sedans and compact SUVs over sports coupes and large SUVs.)
The Porsche Cayenne compact SUV costs less than the Porsche average to insure because of its lower purchase price
On the other hand, the Porsche Cayman costs substantially more than the Porsche average to insure because of its special features and design.
If you want to learn more about car insurance costs for some of the most popular Porsche models, check out the links below.
Key Takeaway Your car model affects your insurance rates. The more expensive the car, the more insurance usually costs.
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Full coverage vs. minimum coverage for your Porsche

In almost every state, drivers are required by law to carry minimum amounts of liability insurance before hitting the road. Liability insurance pays for the damage you cause to other vehicles and drivers.
Typical state liability requirements include the following coverage:
Coverage typeProtection offered
Bodily injury liability (per person and accident)Pays for the costs associated with the injuries you’ve caused to others
Property damage liability (per accident)Pays for the costs associated with the damage you cause to other people’s vehicles or property
Some states also require uninsured or underinsured motorist protection to cover damages if you’re in an accident with an uninsured or underinsured driver. Your state may also require personal injury protection (PIP) to pay for your medical expenses—especially if you live in a no-fault state.
Especially if you have a luxury vehicle like a Porsche, it’s recommended that you purchase coverage beyond the state minimums for financial protection in the case of a major accident.
Full-coverage insurance is a great place to start. Full coverage usually includes the following protection:
Coverage typeProtection offered
Collision coverageCovers the costs associated with collisions with another vehicle or object
Comprehensive coverageCovers costs of damages from an event other than a collision, like a weather event, theft, or vandalism.
The average annual insurance premium for a Porsche is $1,469 per year for minimum car insurance and $2,084 for full-coverage insurance. When you consider all makes and models, the average insurance premium in the US is $1,627 per year for minimum car insurance and $2,297 for full-coverage insurance.
Here’s what it costs to insure a Porsche with minimum coverage and full coverage before and after switching with Jerry.
All Coverage Before Jerry
All Coverage After Jerry
Minimum Coverage Before Jerry
Minimum Coverage After Jerry
Full Coverage Before Jerry
Full Coverage After Jerry
Porsche$2,665$1,847$2,208$1,161$2,778$1,677
Porsche
All Coverage Before Jerry
$2,665
All Coverage After Jerry
$1,847
Minimum Coverage Before Jerry
$2,208
Minimum Coverage After Jerry
$1,161
Full Coverage Before Jerry
$2,778
Full Coverage After Jerry
$1,677
Unsurprisingly, luxury makes like Porsches come with higher price tags and insurance costs than their economy-class counterparts.
Compared to similar luxury brands, however, Porsches typically cost less to insure than Mercedes-Benz, Jaguar, and Cadillac.
If you’re comparing the prices of insurance for similar cars, here are the insurance costs for other brands:
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What impacts your insurance costs for Porsche

In addition to your car’s make and age, the way your car is customized, your age, your driving record, and where you live all play a role in determining your insurance premiums.

The trim of your Porsche

Again, a lower-priced SUV like the Cayenne will cost more than the Cayman coupe.
Even still, the trim level (a variation of a model including different standard features) you choose can change how much you have to pay each month—higher-level trims will cost more than baseline trims.
For instance, the 911 Carrera S is a midline trim that comes in rear-wheel drive and with a 443-hp engine.
Upgrading to the 911 Turbo gets you four-wheel drive and a 572-hp engine—and significantly higher monthly premiums.
It’s well worth considering new car replacement insurance for any Porsche model or trim. This coverage entitles you to the full market value of your car instead of the actual cash value in the event your vehicle is totaled soon after purchasing it.

Your insurance company

With countless carriers out there, you may find that sticking with the insurance company you’ve always been with may be the easiest way to insure your Porsche—but this isn’t always true.
The best way to find competitive insurance rates for your Porsche is to shop around with multiple providers. Jerry is the easiest and most convenient way to find the right policy for your Porsche.
After a quick 45-second sign-up, you’ll be presented with your current policy and dozens of competitive quotes (Jerry gathers quotes from over 50 top insurers!).
After you choose the right policy, Jerry will send you new quotes before each policy renewal to make sure you’re never missing out on the best deals.
Here’s what Porsche drivers paid for car insurance before and after switching with Jerry:
Insurance Company
Average Cost
Annual Savings with Jerry
Allstate$2,881$1,034Compare Prices
Travelers$3,009$1,001Compare Prices
Progressive$3,017$961Compare Prices
Safeco$3,147$914Compare Prices
State Auto$2,292$874Compare Prices
National General$2,705$838Compare Prices
Nationwide$2,491$743Compare Prices
Dairyland$2,020$408Compare Prices
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Your age

Your age is one of the primary factors insurers use when setting your insurance premiums.
On the whole, young drivers pay much more for insurance than older drivers. Insurance providers often consider younger drivers with less driving experience to be high-risk drivers, and they’ll raise premiums based on the likelihood younger drivers will need to make a claim.

Your driving record

If you have a poor driving record, it will be extremely difficult to find low insurance rates, no matter what car you drive.
If you have a major offense like a DUI, some companies may deny you coverage altogether. Luckily, you can take a defensive driving course to try for discounts or lower rates in the future.
Here are some common insurance premiums for Porsche drivers with previous infractions:
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Where you live

Your location is another main determinant of your car insurance premiums for a Porsche.
For instance, if you move from a relatively quiet suburb to an urban area with higher traffic levels and higher crime rates, you can expect your premiums to increase even if you’re driving the same car.
Similarly, residents of areas in which insurers are more likely to receive many claims due to severe weather like tornadoes, earthquakes, and hurricanes will have to pay higher insurance rates.
According to our data, there is a high percentage of Porsche drivers in cities including Seattle (WA), Los-Angeles (CA), Houston (TX), Miami (FL) and Playa-Vista (CA).
The cheapest car insurance for Porsche for Jerry users is in Greenville (NC) and Zapata (TX).
The most expensive car insurance for Porsche for Jerry users is in Saint-Petersburg (FL) and Laguna-Niguel (CA).
Regardless of where you live, your demographics, or the model of Porsche you drive, you can count on Jerry to find you the best car insurance savings. After all, the average Jerry user saves $879 a year on car insurance payments!

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