Buy Cheap Porsche Auto Insurance in 2024

Because Porsches are luxury cars, it can be harder to buy cheap Porsche auto insurance. This is because Porsches have expensive parts and safety features, so it costs more for your insurance company to pay out a claim on them. However, you could save by considering Porsche models — like the Macan or 718 Boxster — that carry cheaper rates. You should also compare Porsche auto insurance quotes from several companies and check for eligible discounts.

For example, while you might pay around $209 a month for full coverage auto insurance on a Porsche Panamera, rates are 11% lower for Porsche Macan auto insurance, saving you $24 each month. These rates may also vary depending on the insurer you choose.

If you’re looking to buy cheap Porsche auto insurance with various coverage options, read on to find a policy to fit your needs and compare rates by Porsche model.

Porsche Auto Insurance Rates by Model

The cheapest Porsche car insurance cost comes with its convertible model — the 718 Boxster. Boxster auto insurance rates cost around $185 monthly for a full coverage policy. (For more information, read our “Convertible History“).

On the other hand, Porsche’s sports cars — like the Taycan Turbo, 718 Spyder, 911 Carrera, and 911 Turbo S — cost the most to insure. For example, expect to pay around $209 a month for car insurance for a Porsche Panamera.

You’ll pay less to insure a low-value Porsche model with a high 0-60 time, like the Macan. However, you can expect higher insurance rates if your Porsche is a sports vehicle.

The 911 Carrera and 911 Turbo S see some of the highest rates, but you can still buy cheap Porsche 911 auto insurance.

Two expensive exceptions are the Taycan Turbo and Panamera models, which carry higher rates than both 911 models. Both are Porsche sports models, and the Taycan Turbo is an electric vehicle (EV).

However, while electric vehicles tend to see higher rates because of expensive technology, the Taycan Turbo has affordable rates relative to other EV brands.

Porsche Auto Insurance Rates by Company

Farm Bureau has the cheapest Porsche auto insurance rates, averaging $138 a month for full coverage. On the other hand, Geico Porsche full coverage rates are the most expensive — expect to pay about $364 monthly.

As previously mentioned, Porsche auto insurance rates vary considerably by model, but your preferred insurer has a greater impact.

Porsche 718 Boxster Auto Insurance Rates

On average, full coverage auto insurance for a Porsche 718 Boxster costs about $185 monthly, the cheapest rate of any Porsche model.

The most affordable company for Boxster insurance is State Farm, which charges about $140 monthly for full coverage. Read our State Farm auto insurance review to see if the nation’s largest insurer adequately meets your needs.

However, Boxster rates with Geico auto insurance are very expensive, averaging $423 monthly. Read our Geico auto insurance review for more information about the company.

Porsche 718 Cayman Auto Insurance Rates

Insuring a Porsche Cayman with full coverage costs about $200 a month, the same as the overall Porsche average. Of Porsche’s sports cars, the Cayman retails at the lowest price, starting at $63,400.

You can get the cheapest Cayman insurance with Farm Bureau auto insurance, which charges around $153 a month for full coverage on average. Once again, Geico is the most expensive insurer, charging $340 monthly for full coverage on a Cayman.

Porsche 718 Spyder Auto Insurance Rates

Expect to pay around $369 a month for full coverage on a Porsche 718 Spyder. However, rates vary significantly by model year.

For example, you could be paying several thousand more per year for insurance if you have a Spyder model that’s five years newer.

Farm Bureau has the best rates for the Porsche 718 Spyder, as the company charges $109 monthly for full coverage on average. Spyder drivers should avoid State Farm, which charges $393 more monthly for the same coverage.

Porsche 911 Carrera Auto Insurance Rates

Charging $206 monthly on average for full coverage, the Porsche 911 Carrera carries rates that are slightly higher than the average for all Porsche models.

Expect to find the lowest average rates for a Porsche 911 Carrera at Farm Bureau, which charges about $150 a month for full coverage. On the other hand, Progressive has the highest rates for Carrera drivers, about $469 monthly.

Porsche 911 Turbo S Auto Insurance Rates

Another Porsche model relatively close to the average Porsche rates is the 911 Turbo S, which costs $206 monthly for full coverage — that’s only $6 higher than the overall Porsche average for auto insurance. The Porsche 911 Turbo S is the fastest of the observed models, carrying the highest MSRP as well.

The base price for a 911 Turbo S is $216,100, which also has 572 horsepower and a top speed of 199 mph.

You can find the best 911 Turbo S rates with Farm Bureau, averaging $155 a month for full coverage. Companies like Allstate, Geico, USAA, and Progressive charge several thousand a year for coverage.

Porsche Cayenne Insurance Cost

The average insurance cost for a Porsche Cayenne costs $233 monthly for full coverage. This is $33 cheaper than the overall Porsche average, making the Cayenne Porsche’s third-most-expensive model to cover.

Read more: Buy Cheap Porsche Cayenne Auto Insurance 

Farm Bureau carries the best Porsche Cayenne auto insurance rates, selling full coverage for around $141 a month. However, Cayenne drivers should avoid Geico, which charges nearly twice as much as Farm Bureau.

Porsche Macan Insurance Cost

The Porsche Macan isn’t far off from the average Porsche rates, costing $196 monthly for full coverage. In contrast, the 911 Turbo S costs only 5% more to insure on average. The Macan is also the most affordable Porsche model at a starting price of $57,500.

The cheapest auto insurance company for Macan drivers is State Farm, offering full coverage for around $144 monthly. However, expect the highest Porsche car insurance rates from Progressive if you drive a Macan — you’ll pay around $236 a month for full coverage.

Porsche Panamera Insurance Cost

Porsche Panamera car insurance costs $209 a month for full coverage. By comparison, Macan full coverage auto insurance rates are $13 cheaper than a Panamera.

You can get the most affordable Panamera rates from Farm Bureau, which costs about $151 a month on average for full coverage. On the other hand, Nationwide carries the highest Panamera auto insurance rates at an average of $419 monthly.

Porsche Taycan Turbo Auto Insurance Rates

Porsche Taycan Turbo full coverage auto insurance rates are around $416 a month on average, more than double the average for all Porsche models. So, the Taycan Turbo is Porsche’s most expensive model to insure. The Taycan Turbo is also Porsche’s second-most expensive vehicle, with a starting price of $153,300.

Taycan Turbo drivers are likely better off with Farm Bureau as an insurance company if they’re concerned with affordability, as they charge around $88 monthly for full coverage. Read our Farm Bureau auto insurance review to learn more about the company’s offerings and see if they’re right for you.

Nationwide carries the most expensive Taycan Turbo rates, charging over $544 monthly for coverage.

Porsche’s Auto Insurance Coverage

Porsche drivers can get auto insurance with Porsche, which offers usage-based insurance programs and traditional coverage options. However, Mile Auto Insurance underwrites Porsche’s auto insurance offerings.

Below are some benefits of getting an auto insurance policy through Porsche:

• Repairs occur at Porsche-approved shops using original manufacturer parts.
• You can set your Porsche’s value to cover its entire value, including any custom or after-market parts.

Unfortunately, a downside of Porsche auto insurance is that you can only get coverage in 11 U.S. states.  Affordable Porsche auto insurance is available in Arizona, California, Florida, Georgia, Illinois, Ohio, Oregon, Pennsylvania, Tennessee, Texas, and Wisconsin.

The Bottom Line: Porsche Auto Insurance

Though it might be difficult to buy cheap Porsche auto insurance since they’re considered luxury vehicles, you can still shop around and compare quotes to find the best deal for your needs. In addition, certain Porsche models are cheaper to insure than others because some have lower MSRPs or high 0-60 times.

Use our free quote comparison tool to find the cheapest Porsche auto insurance rates in your area.