Best Porsche Taycan Car Insurance in 2024 (Check Out the Top 10 Companies)
Allstate, Geico, and USAA offer the best Porsche Taycan car insurance, with rates starting at $110/month. Allstate is known for comprehensive coverage, Geico offers affordable rates, and USAA provides excellent military discounts. Learn why these companies are the top picks for insuring your Porsche Taycan.
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Kristen Gryglik
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Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
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UPDATED: Aug 9, 2024
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UPDATED: Aug 9, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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This article explores why these companies stand out and how factors like driving record and location influence your insurance rates. Discover the best options to insure your Porsche Taycan effectively.
Our Top 10 Company Picks: Best Porsche Taycan Car Insurance
| Company | Rank | Multi-Vehicle Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 25% | A+ | Customized Policies | Allstate |
 | #2 | 25% | A++ | Affordable Rates | Geico |
 | #3 | 10% | A++ | Military Savings | USAA |
 | #4 | 12% | A+ | Snapshot Program | Progressive |
 | #5 | 25% | A | Customizable Policies | Liberty Mutual |
 | #6 | 12% | A++ | High-end Protection | Chubb |
 | #7 | 10% | A++ | Customer Service | Auto-Owners |
 | #8 | 20% | A+ | Broad Coverage | Nationwide |
 | #9 | 8% | A++ | Discount Options | Travelers |
 | #10 | 25% | A+ | AARP Discounts | The Hartford |
Learn all about the Porsche Taycan including MSRP, safety features and crash test ratings, and more. You’ll be able to buy your new Porsche Taycan with confidence. See more details in our guide titled, “Cheap Car Insurance.”
To see fast, free Porsche Taycan insurance quotes right now, just enter your ZIP code above. We’ll provide you with personal Porsche Taycan insurance rate from top companies right away.
- Find the best car insurance from top providers with rates at $110/month
- Learn how driving record and location affect Porsche Taycan insurance rates
- Allstate is the top pick for the best Porsche Taycan car insurance
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#1 – Allstate: Top Overall Pick
Pros
- Customized Policies: Allstate excels in offering customized policy options tailored to the unique needs of Porsche Taycan owners.
- Multi-Vehicle Discount: Allstate provides a 25% discount for insuring multiple vehicles, which can benefit Porsche Taycan owners with additional cars.
- Competitive Rates: Allstate offers competitive rates at $180 per month for the Porsche Taycan with minimum coverage. Discover more about offerings in our Allstate car insurance review.
Cons
- Premium Costs: Despite the customization options, Allstate’s premiums might be higher for some coverage levels, affecting Porsche Taycan owners.
- Customer Service: Some customers report less satisfactory customer service experiences with Allstate.
#2 – Geico: Best for Affordable Rates
Pros
- Affordable Rates: Geico offers some of the most affordable insurance rates for Porsche Taycan, with minimum coverage starting at $120 per month.
- Multi-Vehicle Discount: Geico provides a 25% discount for insuring multiple vehicles, benefiting Porsche Taycan owners with more than one car.
- User-Friendly Mobile App: Geico’s mobile app makes managing insurance policies convenient for Porsche Taycan owners. Learn more in our complete guide, “Geico Car Insurance Review.”
Cons
- Limited Coverage Options: Geico’s coverage options might be more limited compared to some competitors, which could affect Porsche Taycan owners looking for specialized coverage.
- Customer Support: Some users have reported longer wait times for customer support with Geico.
#3 – USAA: Best for Military Savings
Pros
- Military Savings: USAA offers substantial savings for military members and their families, making it an excellent choice for Porsche Taycan owners with military backgrounds.
- Low Monthly Rates: USAA provides competitive rates at $110 per month for minimum coverage on the Porsche Taycan. Unlock details in our USAA car insurance review.
- Excellent Customer Service: USAA is known for its outstanding customer service, which is highly beneficial for Porsche Taycan owners.
Cons
- Eligibility Restrictions: USAA is only available to military members, veterans, and their families, limiting its accessibility for all Porsche Taycan owners.
- Higher Premiums for Non-Military: For those not eligible for military discounts, USAA’s premiums can be higher.
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#4 – Progressive: Best for Snapshot Program
Pros
- Snapshot Program: Progressive’s Snapshot program rewards safe Porsche Taycan drivers with discounts, making it attractive for those with good driving habits.
- Multi-Vehicle Discount: Progressive offers a 12% discount for insuring multiple vehicles, which can be advantageous for Porsche Taycan owners with multiple cars.
- Competitive Rates: Progressive provides competitive rates starting at $140 per month for minimum coverage on the Porsche Taycan. Delve into our evaluation of Progressive car insurance review.
Cons
- Higher Rates for High-Risk Drivers: Progressive may charge higher premiums for Porsche Taycan owners with less-than-perfect driving records.
- Customer Service: Some customers have reported less satisfactory experiences with Progressive’s customer service.
#5 – Liberty Mutual: Best for Customizable Policies
Pros
- Customizable Policies: Liberty Mutual excels in providing customizable policy options for Porsche Taycan owners.
- Multi-Vehicle Discount: Liberty Mutual offers a 25% discount for insuring multiple vehicles, benefiting Porsche Taycan owners with more than one car.
- Competitive Rates: Liberty Mutual offers rates at $150 per month for minimum coverage on the Porsche Taycan. Read up on the Liberty Mutual car insurance review for more information.
Cons
- Premium Costs: Liberty Mutual’s premiums can be higher for some coverage levels, affecting Porsche Taycan owners.
- Discount Availability: Some discounts may not be available in all states, limiting savings for some Porsche Taycan owners.
#6 – Chubb: Best for High-end Protection
Pros
- High-end Protection: Chubb offers top-tier protection plans tailored to the luxury status of the Porsche Taycan.
- Competitive Rates: Chubb provides rates at $170 per month for minimum coverage on the Porsche Taycan.
- Comprehensive Coverage: Chubb excels in offering comprehensive coverage options for Porsche Taycan owners. Check out our guide “How To Combine Car Insurance Coverage With the Right Deductible.”
Cons
- Premium Costs: Chubb’s premiums might be higher due to the high-end nature of its protection plans.
- Limited Discounts: Fewer discount options compared to other insurers, which might affect savings for Porsche Taycan owners.
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#7 – Auto-Owners: Best for Customer Service
Pros
- Customer Service: Auto-Owners is renowned for its excellent customer service, beneficial for Porsche Taycan owners needing personalized support.
- Multi-Vehicle Discount: Auto-Owners offers a 10% discount for insuring multiple vehicles, which can benefit Porsche Taycan owners with additional cars.
- Competitive Rates: Auto-Owners car insurance review provides rates starting at $130 per month for minimum coverage on the Porsche Taycan.
Cons
- Limited Online Services: Auto-Owners may have fewer online services and tools compared to other insurers, which could inconvenience some Porsche Taycan owners.
- Availability: Auto-Owners’ insurance products may not be available in all states, limiting access for some Porsche Taycan owners.
#8 – Nationwide: Best for Broad Coverage
Pros
- Broad Coverage: Nationwide offers a wide range of coverage options for Porsche Taycan owners. Check out insurance savings in our complete Nationwide car insurance discount.
- Multi-Vehicle Discount: Nationwide provides a 20% discount for insuring multiple vehicles, benefiting Porsche Taycan owners with multiple cars.
- Competitive Rates: Nationwide offers rates at $145 per month for minimum coverage on the Porsche Taycan.
Cons
- Premium Costs: Despite the broad coverage, Nationwide’s premiums might still be relatively higher for certain coverage levels.
- Discounts: Some discounts might not be as generous as those offered by other insurers, affecting savings for Porsche Taycan owners.
#9 – Travelers: Best for Discount Options
Pros
- Discount Options: Travelers offers various discount options, making it easier for Porsche Taycan owners to save on insurance.
- Multi-Vehicle Discount: Travelers provides an 8% discount for insuring multiple vehicles, which can benefit Porsche Taycan owners with more than one car.
- Competitive Rates: Travelers offers rates starting at $155 per month for minimum coverage on the Porsche Taycan. See more details in our guide, “Travelers Car Insurance Review.”
Cons
- Customer Service: Some customers have reported less satisfactory experiences with Travelers’ customer service.
- Coverage Limits: Travelers may have more restrictive coverage limits compared to some competitors, which could affect Porsche Taycan owners needing higher coverage levels.
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#10 – The Hartford: Best for AARP Discounts
Pros
- AARP Discounts: The Hartford offers substantial discounts for AARP members, benefiting senior Porsche Taycan owners.
- Multi-Vehicle Discount: The Hartford car insurance discounts provides a 25% discount for insuring multiple vehicles, which can benefit Porsche Taycan owners with additional cars.
- Competitive Rates: The Hartford offers rates starting at $160 per month for minimum coverage on the Porsche Taycan.
Cons
- Eligibility Restrictions: The AARP discounts are only available to AARP members, limiting accessibility for all Porsche Taycan owners.
- Premium Costs: Despite the discounts, The Hartford’s premiums might be higher for some coverage levels.
Factors That Impacts the Cost of Porsche Taycan Insurance
The cost of Porsche Taycan insurance is influenced by several factors, including the trim and model of the Taycan, which can impact the total insurance price due to differences in vehicle value and features. Geographic location also plays a significant role, as areas with higher crime rates or more frequent accidents can lead to higher premiums.
Porsche Taycan Car Insurance Monthly Rates by Coverage Level & Provider
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $180 | $360 |
| Auto-Owners | $130 | $315 |
| Chubb | $170 | $380 |
| Geico | $120 | $305 |
| Liberty Mutual | $150 | $365 |
| Nationwide | $145 | $335 |
| Progressive | $140 | $350 |
| The Hartford | $160 | $355 |
| Travelers | $155 | $345 |
| USAA | $110 | $290 |
Additionally, a driver’s personal history, including driving record, age, and gender, are critical factors; younger and less experienced drivers often face higher rates. Monthly insurance rates for the Porsche Taycan vary by provider and coverage level, with minimum coverage ranging from $110 with USAA to $180 with Allstate, and full coverage ranging from $290 with USAA to $380 with Chubb.
Each insurance company offers different rates, so it’s essential to compare options to find the best coverage at the most affordable price. Check out our guide “Factors That Affect Car Insurance Rates.”
Expensiveness of Vehicles Like the Porsche Taycan
Vehicles like the Porsche Taycan are generally more expensive to insure due to their status as luxury electric vehicles. The Taycan’s high value, advanced technology, and specialized parts contribute to higher insurance premiums compared to standard cars.
Porsche Taycan Car Insurance Monthly Rates by Coverage Level
| Coverage | Rate |
|---|---|
| Comprehensive | $28 |
| Collision | $54 |
| Minimum Coverage | $33 |
| Full Coverage | $128 |
To understand these costs better, consider the insurance rates for similar sedans like the Acura ILX Hybrid, Lexus GS 200t, and BMW 5 Series. More information is available in our guide titled, “How do you get competitive quotes for car insurance?“
Porsche Taycan Full Coverage Car Insurance Monthly Rates vs. Similar Vehicles
| Vehicle | Rate |
|---|---|
| Chevrolet Impala | $112 |
| Kia Forte | $113 |
| Hyundai Sonata Hybrid | $129 |
| Volvo S60 | $129 |
| Hyundai Accent | $111 |
| Audi A4 | $129 |
| Mazda 6 | $115 |
| Subaru Impreza | $119 |
| Porsche Taycan | $175 |
These vehicles also tend to have higher insurance rates due to their luxury status and advanced features. Comparing these models can give you a clearer picture of what to expect when insuring a Porsche Taycan.
Porsche Taycan Car Insurance Monthly Rates vs. Similar Vehicles by Coverage Type
| Vehicle | Comprehensive | Collision | Minimum Coverage | Full Coverage |
|---|---|---|---|---|
| Tesla Model 3 | $37 | $76 | $26 | $150 |
| Honda Civic | $23 | $55 | $35 | $128 |
| BMW M5 | $37 | $74 | $36 | $160 |
| Mazda 6 | $24 | $44 | $35 | $115 |
| Hyundai Accent | $20 | $44 | $35 | $111 |
| Volkswagen CC | $27 | $51 | $35 | $125 |
| Hyundai Azera | $24 | $49 | $35 | $120 |
| Ford Fusion Energi | $28 | $52 | $31 | $124 |
| Porsche Taycan | $40 | $82 | $38 | $175 |
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Porsche Taycan Crash Test Ratings
The Porsche Taycan crash test ratings significantly affect its car insurance rates. While specific ratings for various models such as the 2020 Porsche Taycan Turbo S, Turbo, and 4S with Performance Pack are not reported (N/R), insurers typically rely on these ratings to determine the risk associated with the vehicle. Crash test results provide insights into a vehicle’s safety features and overall crashworthiness.
Porsche Taycan Crash Test Ratings
| Vehicle Tested | Overall | Frontal | Side | Rollover |
|---|---|---|---|---|
| 2024 Porsche Taycan Turbo S 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2024 Porsche Taycan Turbo 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2024 Porsche Taycan 4S with Performance Pack 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2024 Porsche Taycan 4S 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2023 Porsche Taycan Turbo S 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2023 Porsche Taycan Turbo 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2023 Porsche Taycan 4S with Performance Pack 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2023 Porsche Taycan 4S 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2022 Porsche Taycan Turbo S 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2022 Porsche Taycan Turbo 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2022 Porsche Taycan 4S with Performance Pack 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2022 Porsche Taycan 4S 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2021 Porsche Taycan Turbo S 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2021 Porsche Taycan Turbo 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2021 Porsche Taycan 4S with Performance Pack 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2021 Porsche Taycan 4S 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 Porsche Taycan Turbo S 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 Porsche Taycan Turbo 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 Porsche Taycan 4S with Performance Pack 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 Porsche Taycan 4S 4 DR AWD | 5 stars | 5 stars | 5 stars | 4 stars |
A high crash test rating often leads to lower insurance premiums because it indicates that the vehicle is safer and less likely to result in severe injury claims.
𝐍𝐄𝐖𝐒: Chubb Appoints John Lupica Executive Chairman of North America Insurance; Juan Luis Ortega Named President, North America Insurance; Scott Meyer Promoted to Chief Operating Officer, North America Insurance.
Read the announcement: https://t.co/Yz1whJZ64X pic.twitter.com/d2nDtcLCCz
— Chubb (@Chubb) July 9, 2024
Conversely, the absence of crash test ratings can lead to higher insurance rates as insurers may perceive a higher risk. Therefore, it’s crucial for potential Taycan owners to consider the impact of these ratings on their insurance costs. Browse on our guide “Understanding Car Accidents.”
Ways to Save on Porsche Taycan Insurance
There are several strategies to save on your Porsche Taycan car insurance rates. First, wait six years for any accidents to disappear from your record, as a clean driving history can significantly lower car insurance premiums.
Second, regularly check the odometer on your Porsche Taycan and report lower mileage to your insurer, which can qualify you for lower rates.
Third, explore organization-based discounts, such as alumni or employer discounts, which some insurers offer. Fourth, consider carpooling to work instead of driving your Porsche Taycan daily, as reduced usage can lead to lower insurance costs.
Finally, inquire about seasonal insurance options if you don’t drive your Porsche Taycan year-round, allowing you to adjust coverage based on actual usage and save money during off-peak times. By implementing these strategies, you can effectively reduce your Porsche Taycan insurance expenses. Delve into our guide “Best Usage-Based Car Insurance Companies.”
Top Porsche Taycan Insurance Companies
What is the best company for affordable Porsche Taycan insurance rates? While the actual rates you pay will depend on many factors.
Top Porsche Taycan Car Insurance Providers by Market Share
| Rank | Insurance Company | Premium Written | Market Share |
|---|---|---|---|
| #1 | State Farm | $66.1 million | 9.1% |
| #2 | Geico | $46.3 million | 6.4% |
| #3 | Progressive | $41.7 million | 5.7% |
| #4 | Allstate | $39.2 million | 5.4% |
| #5 | Liberty Mutual | $36.1 million | 5% |
| #6 | Travelers | $28.7 million | 4% |
| #7 | USAA | $24.6 million | 3.4% |
| #8 | Chubb | $24.1 million | 3.3% |
| #9 | Farmers | $20 million | 2.8% |
| #10 | Nationwide | $18.4 million | 2.5% |
Here are some of the top companies offering Porsche Taycan insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features found on the Porsche Taycan. Explore though our guide “Compare Monthly Car Insurance: Rates, Discounts, & Requirements.”
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Comparing Free Porsche Taycan Insurance Quotes Online
You can easily compare quotes for Porsche Taycan auto insurance rates from top insurance companies by using our free online tool. This tool allows you to quickly and efficiently gather multiple quotes, making it easier to evaluate and choose the best coverage options for your needs. To find out more, explore our guide titled, “Finding Free Car Insurance Quotes Online.”
Frequently Asked Questions
What factors affect Porsche Taycan car insurance rates?
Several factors impact Porsche Taycan car insurance rates, including the vehicle’s make and model, value, safety features, driving history, location, age, and gender. The Taycan’s status as a luxury electric vehicle typically leads to higher premiums due to expensive repairs and parts. Check out our guide “Different Ways to Lower Car Insurance Rates.”
Are Porsche Taycan car insurance rates generally higher or lower than average?
Porsche Taycan car insurance rates are generally higher than average. This is due to the Taycan’s higher value, costly repairs, and specialized parts, which increase insurance premiums compared to standard vehicles. Enter your ZIP code below to start comparing free car insurance rates online now.
How can I find the best insurance rates for a Porsche Taycan?
To find the best insurance rates for your Porsche Taycan, compare quotes from multiple insurers, evaluate your coverage needs, research providers, utilize available discounts, and consider specialized insurance packages for electric vehicles.
Are there any discounts available for Porsche Taycan car insurance?
Yes, discounts available for Porsche Taycan car insurance include multi-vehicle, multi-policy car insurance discounts, safe driver, safety feature, and good student discounts. These can help lower your insurance premiums.
Are insurance rates for the Porsche Taycan affected by its electric powertrain?
Yes, the Taycan’s electric powertrain can influence insurance rates. While electric vehicles may have lower operating costs, the specialized repairs and components of the Taycan can lead to higher insurance premiums.
What is the best company for Porsche Taycan car insurance?
Allstate is the top pick for Porsche Taycan car insurance, offering comprehensive coverage, tailored options, and competitive rates starting at $110/month.
Can I bundle Porsche Taycan insurance with other policies for discounts?
Yes, many insurers offer multi-policy discounts if you bundle your Porsche Taycan insurance with other policies, such as home or renters insurance, resulting in lower overall premiums. Dive into our comprehensive guide “Can I use my own car insurance when renting a car?”
How does driving history impact Porsche Taycan insurance rates?
A clean driving history with no accidents or traffic violations can significantly lower your Porsche Taycan insurance rates, as insurers consider you less risky to insure.
Do safety features on the Porsche Taycan reduce insurance premiums?
Yes, advanced safety features like collision avoidance systems and adaptive cruise control can help reduce insurance premiums by minimizing the risk of accidents.
How does the value of the Porsche Taycan affect insurance costs?
The higher the value of your Porsche Taycan, the more it may cost to insure, as the insurer would need to cover higher expenses in case of a total loss or significant repairs. See how much you’ll pay for car insurance by entering your ZIP code below into our free comparison tool.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
