Who is Porsche?
Founded in 1931 by Ferdinand Porsche, Porsche has become one of the most revered luxury car brands in the world. Blending technology with German precision, Porsche has created some of the most loved and high-performance cars on the market. From the classic 911 to the revolutionary Taycan, Porsche’s range is a blend of tradition and innovation.
Based in Stuttgart, Porsche is all about powerful engines, beautiful design, and an unbeatable driving experience, so it’s no wonder it’s a brand synonymous with wealth, success, and sophistication. Owning a Porsche isn’t just about getting from one place to another; it’s a statement of refined taste and a love for engineering excellence.
How Much Does a Porsche Cost to Insure?
Given that Porsche is a luxury, high-performance brand, it’s reasonable to expect that insurance costs will be on the higher side. However, how much you pay will vary between Porsche owners; this is because your age, gender, driving history, and the make and model of your Porsche will significantly influence your premiums. In the table below, we've highlighted the average price drivers may be expected to pay when insuring the most popular Porsche models.
| Model | Average Price |
|---|---|
| Porsche 911 | £2,167 |
| Porsche Boxster | £1,778 |
| Porsche Cayenne | £2,271 |
| Porsche Cayman | £1,989 |
How Can I Get Cheaper Porsche Car Insurance?
Finding affordable cover is a goal for any driver, and Porsche owners can also apply some straightforward techniques to help keep their insurance premiums down. Consider our suggestions:
- Pay annually: By paying for your Porsche insurance annually, drivers can avoid additional costs such as administration fees and interest on their payments. Consider switching to annual payments to keep costs down.
- Drive less: If you drive less, then you'll be considered less of a risk by insurance providers. Always remember to be as honest as possible when declaring your annual mileage, if you are found to be dishonest when making a claim, you risk invalidating your insurance policy.
- Always compare: Comparing as many insurance quotes for your Porsche as possible is a simple but effective way to find the cheapest price. By switching providers every year, you can also enjoy the latest deals and prices available to new customers and make a saving in the process.
- Upgrade your security: A Porsche is a luxury item and therefore targeted by thieves. This makes them a high-risk vehicle, which comes with higher premiums. One way to counteract this is by upgrading the security of your Porsche. Many Porsches come with keyless entry systems, and immobilisers however, you can boost security even further by installing trackers and dash cameras to help lower your premiums.
- Build your no claims: Drivers who build up several years of no claims can reap the benefits of being a good driver and enjoy lower premiums as a result.
What Factors Influence the Cost of Porsche Car Insurance?
The cost of your insurance premiums is determined by the following factors:
- Type of policy: Whether you need cover for your Porsche 911 Carrera or a specific 4x4 policy for your Porsche Macan, the level of cover you need will always influence the cost of your insurance. Remember, it's important to compare as many quotes as possible to ensure you're getting the best deal on the policy you need.
- Make and model: The insurance group your Porsche is in will also determine the price of your premiums. Naturally, as Porsches are high-performance vehicles, they are generally placed in higher insurance groups, for example, the Porsche 911 Turbo is in groups 50-54 depending on the model and year, while the Porsche Cayenne is in groups 37-50. The higher the group, the more expensive the premium.
- Your occupation: What you do for a living can significantly impact your insurance costs. Certain occupations, such as journalists and police officers, are deemed higher risk, resulting in higher insurance premiums. In contrast, individuals in "lower risk" professions, like civil servants or teachers, typically enjoy more affordable insurance costs.
- Your driving history: Your driving history includes any previous claims, driving convictions, and driving experience, all of which will influence how much your premiums will be. Naturally, if you have a good driving history, this will be reflected in your premiums.
- Your age: Younger drivers often have higher insurance costs than older drivers. This is due to a lack of experience on the road and riskier behaviours, such as speeding or distractions while driving all of which can increase the likelihood of an accident. If you're an older driver, you can expect cheaper premiums.
- Your voluntary excess: How much you choose to pay in the event of a claim will influence your premiums. The more you choose to pay, the cheaper your premiums. However, it's important to keep your voluntary excess realistic!