- A Porsche Taycan is more expensive to insure compared to the average car.
- Full coverage for a Taycan generally tends to be about $252 per month, while liability only car insurance rates come in at around $53.
- SafeAuto is the cheapest auto insurance carrier for a Taycan with a national average of just $42 a month for liability only coverage.
In This Article
With base prices starting at $103,800 for 2021 models, the Porsche Taycan is on the more expensive end of the spectrum. There are six different trim levels currently available, so there's an option for every driver.
We sifted through thousands of insurance quotes on Compare.com, and we've found that Porsche Taycan auto insurance premiums average out to about $196 per month. But compared to other vehicles in the market, are Taycan car insurance prices higher or lower than those of similar cars?
|Current Base Price||$90,900|
|Trim Levels||TAYCAN, CROSS TURISMO TURBO/CROSS TURISMO TURBO S, CROSS TURISMO, CROSS TURISMO 4S, 4S, TURBO/TURBO S|
|Average Insurance Premium||$196/mo.|
|Cheapest Insurance Company||SafeAuto|
How Much is Car Insurance for a Porsche Taycan?
|Vehicle||Liability Only||Full Coverage|
|All Porsche Models||$69||$204|
|Average Insurance Premium||$81||$169|
If you look at the table above, you'll find that Porsche Taycan insurance premiums are higher than average compared to other vehicles. Taycan drivers can expect to pay around $252 monthly for full coverage, which has comprehensive and collision coverages in addition to liability, and about $53 a month for liability only insurance (check out our guide, "State Minimum vs. Full Coverage", to learn more about the difference between these types of insurance).
When you compare it to other models, the Taycan is more expensive, with prices about 24% higher than the other vehicle types offered by Porsche. Compared to offerings from other brands, insurance for a Taycan runs close to average, with full coverage insurance rates coming in at $75 higher than other cars and liability insurance prices at $30 cheaper.
Compared to all vehicles of any body type, full coverage premiums are more expensive for the Taycan, but a liability only policy is on the lower side.
Who has the Cheapest Car Insurance for a Porsche Taycan?
|Insurance Company||Average Monthly Premium|
Looking for a car insurance policy for your Porsche Taycan? You may be wondering which company offers the cheapest prices. Although costs will usually be pretty different from person to person, the lowest average rates for liability only insurance are as low as just $40 per month from Mercury. The runner up for most affordable rates is SafeAuto, with auto insurance policies starting as little as $42 a month.
However, just because these five companies offer the cheapest average rates doesn't necessarily mean they'll give you the best rates for your Porsche Taycan.
Insurance carriers take a multitude of different factors into consideration when calculating how much to charge you. Because every driver is different, there's only one way to ensure you get the lowest prices, and that's by getting personalized quotes and comparing rates from multiple car insurance companies.
What Factors Affect Car Insurance Rates for a Porsche Taycan?
There are a variety of things that insurance carriers take a look at to choose how much to charge you for a policy -- and every carrier weighs different variables more heavily than others, so there's not one company that's the most affordable for everyone.
The following sections show many variables auto insurance companies use to calculate rates:
|Vehicle Age||Average Monthly Premium|
|Less than 1 Year||$53|
|2-3 Years||Not Enough Data|
|4-5 Years||Not Enough Data|
|6-7 Years||Not Enough Data|
|8-10 Years||Not Enough Data|
|11-14 Years||Not Enough Data|
|15 Years or Older||Not Enough Data|
The Porsche Taycan has only been around for one model year, so vehicle age won't affect your cost in the same way it might for other vehicles. Typically, newer cars are going to cost more to insure because they're worth more, but as they age, insurance costs will gradually go down.
Based on the information in the table above, Taycan rates are $53 monthly, on average.
|Age||Average Monthly Premium|
How old you are plays a role in how much car insurance carriers will charge. Because the Porsche Taycan is pretty new to the market, we're just starting to collect data on how age is affecting insurance premiums. So far, based on the table above, young Taycan drivers have cheaper prices than older Taycan drivers.
Car insurance prices continue to get lower as you get older, with the cheapest age group for Taycan drivers being 25-34.
|Gender||Average Monthly Premium|
Because women are less likely to get tickets and get into accidents, they have a lower chance of filing a claim with insurance.
Where You Live
|State||Average Monthly Premium|
It may be obvious that things such as how old you are and what vehicle you drive play a role in your car insurance rates, but did you know that where you live can matter just as much? Because insurance is regulated on the state level and not nationally, premiums can fluctuate quite a bit depending on which state you're located in.
Because the Taycan is a relatively new vehicle, our data sets are somewhat limited. Even so, you can see in the table above that California has rates that are less expensive than other locations.
Porsche Taycan Car Insurance Discounts
No matter your car, your age, or your home state, using as many discounts as possible when it comes to your auto insurance is always in your best interest when shopping around for a policy.
Even though all insurance companies offer their own unique discounts, there are a few different ones that you'll find with most carriers. These include discounts like:
- Vehicle safety discounts for having a vehicle with higher safety ratings or one with certain safety features (like air bags or anti-lock brakes)
- Defensive driving discounts for taking a defensive driving class from a certified school or institution
- Multi-policy discounts for bundling your home and auto policies with the same carrier
- Pay-in-full discounts for agreeing to pay your entire policy price at once, rather than by monthly payments
While taking advantage of discounts is always a smart way to save money on your car insurance, sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like driving safely, avoiding lapses in coverage, and not having recent insurance claims.
While you can't control every single aspect of your auto insurance profile (like some of the factors we mentioned above), you can influence some of it. Below are just a few of the ones you can use to your favor when it comes to saving some cash:
Your Driving Record
|Infractions||Average Monthly Premium|
|Multiple Accidents||Not Enough Data|
|1 Ticket||Not Enough Data|
|Multiple Tickets||Not Enough Data|
You've no doubt heard ads from car insurance companies promoting big discounts for responsible drivers. It shouldn't come as a surprise that your insurance rates will go up if you get speeding tickets or get into a collision. But you still might be left wondering exactly how much these infractions will cost you.
Unfortunately, we don't have enough data on file for Porsche Taycan drivers specifically, since it is a relatively new car. However, we'll have a better idea of how much infractions will cost Taycan owners when it comes to auto insurance as we see more and more of these on the road.
How Much You Drive
|Annual Mileage||Average Monthly Premium|
The total distance you drive each year impacts your car insurance prices. Those who are on the roads less are more likely to go accident-free, so they'll normally be offered more affordable premiums. Since the Porsche Taycan is a new car, our data is relatively limited, so we don't yet know how much annual driving distance will affect rates. So far, drivers who travel 7,500 - 10,000 miles every year are offered the highest rates.
But if you happen to be one of those drivers who put very few miles on your Porsche Taycan each year, you might consider learning about usage-based or pay-per-mile auto insurance policies. With these kinds of plans, you pay a small base rate each month, with your final monthly bill being calculated based on the number of miles you drove.
How Do Porsche Taycans Compare to Other Vehicles?
If you're considering buying a new vehicle and a Porsche Taycan is on your shortlist, it might be helpful to do your research. Auto insurance is just one cost that comes with buying a new car, but it's certainly one that's worth considering.
Visit the table below to see how the Porsche Taycan compares:
|Porsche Taycan||National Average|
|Full Coverage Insurance||$305||$169|
|Average Annual Mileage||8,666||11,617|
Overall, the Porsche Taycan is more expensive than average, with an MSRP that's a quarter more than the going rate for a new vehicle. At $103,800, the Taycan price comes in above the national average MSRP of $46,296.
Similarly, insurance prices are higher when compared to the rest of the vehicle market. Full coverage insurance for a Porsche Taycan is around $136 per month more than average, while liability only coverage is $12 higher per month.
When it comes to usage, Porsche Taycan drivers are far from the national average in annual miles driven, with 11,617 miles for all vehicles a year compared to the Taycan's 8,666 each year.
Porsche Taycan Car Insurance Costs by Model Year
We've walked through many of the variables that can have an impact on how much the average driver pays to insure a Porsche Taycan. But if you're considering buying a new Taycan, knowing what you'll likely pay can be extremely valuable as you weigh your options.
2021 Porsche Taycan Car Insurance
|Liability Only Avg. Premium||$93|
|Full Coverage Avg. Premium||$305|
|Cheapest Insurance Company||Esurance - $93/mo.|
|Available Trims||4S, CROSS TURISMO, CROSS TURISMO 4S, CROSS TURISMO TURBO/CROSS TURISMO TURBO S, TAYCAN, TURBO/TURBO S|
2021 Taycan drivers can expect to pay an average of $93 a month for liability or $305 for full coverage.
Esurance has prices sometimes as little as $93 monthly for the 2021 Porsche Taycan.
Want to figure out exactly what you'll be asked to pay? Get several customized quotes for free by just entering your ZIP code below.
2020 Porsche Taycan Car Insurance
|Liability Only Avg. Premium||$42|
|Full Coverage Avg. Premium||$212|
|Cheapest Insurance Company||SafeAuto - $40/mo.|
|Available Trims||4S, TURBO/TURBO S|
It costs about $42 a month for liability or $212 for a full coverage policy for the 2020 Porsche Taycan.
We found SafeAuto offered the cheapest policy, with rates sometimes as low as $40 monthly.
If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.
Porsche Taycan Insurance FAQs
Is a Porsche Taycan expensive to insure?
Liability insurance runs an average of $53 per month, while full coverage will cost you around $252. Compared to the national average of all cars, premiums come in on the more expensive end of the spectrum.
How can I get the best price on car insurance for my Porsche Taycan?
There's only one way to be sure you're getting the most affordable rates -- regularly shopping around and getting quotes. Over time, your driver profile changes, which could change your rates, so it's recommended that you get quotes every 6 months or so. Luckily, sites like Compare.com let you compare prices from a whole bunch of carriers at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) in just a few minutes.
Does the color of my Porsche Taycan affect my insurance premiums?
You've probably heard the old adage that red cars cost more to insure, but that's just a myth. While there are many factors auto insurance companies think about when they offer rates, your Porsche Taycan's color is not factored into that decision.
Do I need to have insurance before I buy a Porsche Taycan?
Before you can legally drive your new (or new to you) vehicle off the dealership lot, you'll need to have a car insurance policy in place. Some dealerships will offer you one during the purchase process, but the best thing to do when buying a an car is to talk with your insurance carrier before you buy.
What car insurance discounts can I get for my Porsche Taycan?
There are tons of discounts out there for auto insurance. Many of them (like "safe driver discounts" and "multi-policy discounts") are based less on your Taycan and more on you, but if your Taycan has safety features like airbags, anti-lock brakes, anti-theft systems, and other features, it may be eligible for certain discounts. The only way to know for sure is to talk with your insurance agent and ask about their discounts, since they differ quite a bit from carrier to carrier.