Porsche Car Insurance: Rates by Model

Porsche Car Insurance: Rates by Model

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The average price of full-coverage car insurance for a Porsche is $3,325 per year, based on a ValuePenguin analysis of nine models produced over the last five years. However, insurance rates vary by over $2,000 per year depending on the model and insurer you chose.

For example, the average cost of full-coverage insurance for a Porsche 911 Turbo S sports car is $2,196 more expensive per year than insurance for a Macan, a compact SUV. Farm Bureau has the most affordable insurance rates for Porsches, at $138 per month for full coverage, while Geico is the most expensive insurer at $364 per month — a difference of $2,706 per year.

Compare Porsche insurance quotes by model and insurance company:


Porsche auto insurance cost by model

The Macan, Porsche's compact SUV, is the cheapest Porsche to insure — a full-coverage policy costs $190 per month, on average. Conversely, Porsche 911 sports cars are the most expensive to insure. The average insurance cost for a 911 Carrera is $323 per month, while the 911 Turbo S costs $373 per month to insure.

Cost to insure a Porsche by model
Currently insured?
Rank
Model
Average annual cost
0-60 time
Starting MSRP
1Macan$2,2796.3$52,100
2Cayenne$2,7905.9$69,000
3718 Cayman$2,8764.9$60,500
4718 Boxster$2,9024.9$62,600
-Average$3,325
5718 Spyder$3,4734.2$98,300
6Taycan Turbo$3,6083$150,900
7Panamera$3,6455.3$88,400
8911 Carrera$3,8794$101,200
9911 Turbo S$4,4752.7$174,300

Compare Rates

In general, Porsche models with a lower MSRP and higher 0-60 time cost less to insure. However, there are two exceptions — the Taycan Turbo and Panamera.

The Taycan Turbo is Porsche's electric sports car, which explains its quick 0-60 time. Electric cars usually cost more to insure due to their expensive technology, which can be costly to repair. However, this isn't the case with the Taycan Turbo, which has more affordable insurance rates than the Panamera and 911 models.


Porsche insurance rates by company

Farm Bureau offers the cheapest Porsche insurance overall — a full-coverage policy costs $1,661 per year, on average. Geico has the most expensive insurance rates for Porsche drivers. On average, a policy costs $4,367 per year, which is 31% more expensive than average.

Graph showing the average cost of Porsche insurance by company
Currently insured?
Company
Monthly cost
Annual cost
Farm Bureau$138$1,661
State Farm$204$2,450
USAA*$258$3,097
Nationwide$300$3,603
Allstate$322$3,864
Progressive$350$4,195
Geico$364$4,367

*USAA is only available to active duty military members, veterans and their families.

Although Porsche insurance quotes vary based on the model you drive, the insurance company that you pick has a greater impact on your rate. A full-coverage policy with Geico is more than two and a half times the price of the same policy from Farm Bureau.


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Porsche 718 Boxster insurance cost

The average cost to insure a Porsche 718 Boxster is $3,024 per year, or $252 per month, for a 30-year-old man. Insurance rates are slightly cheaper for a 45-year-old — with an average of $2,801 per year.

Year
Annual cost for a 30-year-old
Annual cost for a 45-year-old
2021$3,237$2,999
2020$3,183$2,942
2019$3,126$2,889
2018$2,889$2,674
2017$2,686$2,499
Average$3,024$2,801
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Boxster insurance costs are slightly cheaper than average for a Porsche at $242 per month. State Farm offers the most affordable Porsche Boxster insurance — a full-coverage policy costs $140 per month, on average. Geico has the most expensive rate for Boxster drivers at $423 per month.


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Porsche 718 Cayman insurance cost

Full-coverage car insurance for a Porsche Cayman costs $3,001 per year for a 30-year-old driver and $2,772 per year for a 45-year-old driver, on average.

Year
Annual cost for a 30-year-old
Annual cost for a 45-year-old
2021$3,218$2,972
2020$3,120$2,879
2019$3,106$2,870
2018$2,862$2,640
2017$2,697$2,500
Average$3,001$2,772
Compare Rates

Insurance for the 718 Cayman is $449 per year less than Porsche's overall average. It is also the cheapest sports car that we included in our study — the starting price to purchase a Cayman is $60,500.

Farm Bureau has the cheapest full-coverage policy at $153 per month or $1,835 per year. The most expensive insurance comes from Geico, where a policy costs $340 per month or $4,083 per year.


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Porsche 718 Spyder insurance cost

The average cost to insure a Porsche Spyder for a 30-year-old is $3,621 per year or $302 per month for full coverage. A 45-year-old driver can expect to pay $3,350 per year, or $279 per month. However, rates for the 718 Spyder vary significantly by model year — the difference between insuring a 2017 model and a 2021 model is $1,964 per year for a 30-year-old.

Year
30-year-old
45-year-old
2021$4,770$4,428
2020$4,605$4,265
2019$2,878$2,650
2018$3,047$2,819
2017$2,806$2,589
Average$3,621$3,350
Compare Rates

The average annual insurance premium for a Spyder is $3,473, which is in line with the average cost of insurance for a Porsche. Farm Bureau offers the most affordable rates for Porsche Spyder drivers — a full-coverage policy costs $1,312 per year. State Farm has the highest rates — drivers can expect to pay $6,028 per year, more than four times the cost of a policy with Farm Bureau.


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Porsche 911 Carrera insurance cost

The 911 Carrera is the second-most expensive Porsche to insure. A 30-year-old driver can expect to pay $4,021 per year for full-coverage insurance, or $355 per month. Rates for a 45-year-old driver are $44 cheaper per month, on average.

Year
Annual cost for a 30-year-old
Annual cost for a 45-year-old
2021$4,274$3,972
2020$4,195$3,877
2019$3,954$3,660
2018$4,100$3,834
2017$3,583$3,341
Average$4,021$3,737
Compare Rates

Farm Bureau is the best insurance company for a Porsche 911 Carrera — the average rate for a full-coverage policy is $1,805 per year, or $150 per month. Alternatively, Progressive has the highest insurance rates for Carrera drivers, charging $5,627 per year.


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Porsche 911 Turbo S insurance cost

The 911 Turbo S is the most expensive Porsche in our study to insure. The average insurance cost for a Porsche 911 Turbo S is $4,475 per year for full coverage, which is $1,150 more than the overall average to insure a Porsche. The 911 Turbo S is also the most expensive and fastest model in our study. The base price is $174,300, and the 911 Turbo S boasts 572 horsepower and a top track speed of 199 mph.

Year
Annual cost for a 30-year-old
Annual cost for a 45-year-old
2021$4,305$4,035
2020$4,937$4,549
2019$4,880$4,499
2018$4,694$4,329
2017$4,429$4,089
Average$4,649$4,300
Compare Rates

Farm Bureau offers the most competitive rates for Porsche 911 Turbo S drivers. A full-coverage policy costs $1,859 per year, or $155 per month. Allstate, Geico, USAA and Progressive all charge over $5,000 per year to insure a 911 Turbo S.


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Porsche Cayenne insurance cost

The average insurance cost for a Porsche Cayenne is $2,790 per year, or $233 per month, for a full-coverage policy. That's $535 per year cheaper than the overall Porsche average, making the Cayenne the second-cheapest model to insure.

Year
Annual cost for a 30-year-old
Annual cost for a 45-year-old
2021$3,117$2,895
2020$2,960$2,743
2019$3,148$2,914
2018$2,707$2,510
2017$2,545$2,362
Average$2,895$2,685
Compare Rates

Farm Bureau has the best insurance rates for Porsche Cayenne owners, where a full-coverage policy costs $1,687 per year or $141 per month, on average. The most expensive insurer is Geico — the company charges $4,058 per year, which is twice as much as Farm Bureau.


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Porsche Macan insurance cost

The Macan is Porsche's cheapest model to insure. On average, the cost to insure a Macan is $2,363 per year for a 30-year-old, which is $2,286 less than insurance for a 911 Turbo S, Porsche's most expensive model to insure. A 45-year-old driver can expect to pay $168 less per year. The Macan is also the least expensive Porsche — you can purchase one for $52,100.

Year
Annual cost for a 30-year-old
Annual cost for a 45-year-old
2021$2,531$2,355
2020$2,450$2,278
2019$2,338$2,171
2018$2,291$2,128
2017$2,202$2,046
Average$2,363$2,195
Compare Rates

Porsche Macan insurance costs don't vary nearly as much from one insurer to the next as some of the other Porsche models. State Farm offers the best rate for a full-coverage policy at $144 per month, while the rate from Progressive is the most expensive at $236 per month.


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Porsche Panamera insurance cost

The cost of full-coverage car insurance for a Porsche Panamera is $3,786 per year, on average, for a 30-year-old driver, making it the most expensive four-seater Porsche to insure. A 45-year-old driver can expect to pay $3,503 per year, which is $283 less. Insurance for a Porsche Macan, the cheapest model, is $1,423 per year less for a 30-year-old and $1,308 less for a 45-year-old, in comparison.

Year
Annual cost for a 30-year-old
Annual cost for a 45-year-old
2021$3,657$3,456
2020$3,960$3,645
2019$3,872$3,562
2018$3,763$3,463
2017$3,679$3,391
Average$3,786$3,503

Quotes are based on the SE trim level.

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Farm Bureau offers the cheapest rates for Porsche Panamera drivers — a full-coverage policy costs $1,815 per year, or $151 per month. Nationwide has the highest insurance costs for a Porsche Panamera with an average of $5,026 per year.


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Porsche Taycan Turbo insurance cost

Full-coverage insurance rates for the Porsche Taycan Turbo average $3,749 for a 30-year-old driver and $3,468 for a 45-year-old driver. Insuring the Taycan Turbo costs $283 per year more than the overall Porsche average. It is also the second-most expensive model to purchase — a new Taycan Turbo starts at $150,900.

Year
Annual cost for a 30-year-old
Annual cost for a 45-year-old
2021$5,485$4,988
2020$5,414$4,916
2019$2,793$2,653
2018$2,644$2,507
2017$2,409$2,276
Average$3,749$3,468

Quotes are based on the N trim level.

Compare Rates

Most Taycan Turbo drivers should consider Farm Bureau when comparing Porsche insurance quotes. The company has the lowest rate for full-coverage insurance at $1,053 per year, or $88 per month. Insuring a Taycan Turbo with Nationwide costs $6,532 per year, which is over six times the cost of a policy with Farm Bureau.


Porsche Auto Insurance

Drivers can also purchase coverage directly through Porsche. Porsche Auto Insurance offers traditional car insurance and a pay-per-mile option, both of which are underwritten by Mile Auto Insurance.

There are a few benefits of purchasing car insurance through Porsche:

  1. If your car is damaged, repairs are made at Porsche-approved collision centers using original manufacturer parts.
  2. You can choose the value of your vehicle to ensure that the full value of your Porsche is covered, including custom parts and accessories.

However, Porsche Auto Insurance is currently only available in five states . The coverage options and discounts offered by Mile are fairly limited, and a Porsche vehicle identification number (VIN) is required to get a quote.


Frequently asked questions

How much is insurance on a Porsche 911?

The cost of insurance for a Porsche 911 can fluctuate by about $50 per month depending on the specific model you choose. Full-coverage insurance for a 911 Carrera costs $323 per month, on average, while the same policy costs $373 for a 911 Turbo S. Porsche 911 owners can find the cheapest rates with Farm Bureau and State Farm.

How much is insurance for a Porsche Boxster?

A full-coverage insurance policy for a Porsche Boxster costs $2,902 per year, or $242 per month, on average. State Farm offers the cheapest Boxster insurance at $1,683 per year.


Methodology

To calculate the average cost of insurance for a Porsche, we gathered thousands of quotes for two sample drivers living in Texas: a 30-year-old man and a 45-year-old man with clean driving records and average credit scores. Rates are based on a full-coverage policy with the following limits:

Coverage
Limits
Bodily injury liability$50,000 per person/$100,000 per accident
Property damage liability$25,000 per accident
Uninsured/underinsured motorist bodily injury$50,000 per person/$100,000 per accident
Comprehensive and collision$500 deductible

This analysis used insurance quote data from Quadrant Information Services. The quotes referenced were publicly sourced from insurer filings and should only be used for comparison purposes. Actual rates for your Porsche model may differ.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

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