Cheap Porsche Car Insurance in 2024 (Top 10 Companies for Savings)
Farmers, Erie, and Amica are the top picks for cheap Porsche car insurance, offering monthly rates of $70. Insurance for Porsche costs more since it's high-performance, but Farmers stands out with the cheapest Porsche insurance rates. Erie and Amica provide better customer service, especially for Porsche claims.
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, Finance101.com, and Forbes. As a parent herself, she ...
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UPDATED: Sep 27, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
UPDATED: Sep 27, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
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1,814 reviewsCompany Facts
Min. Coverage for Porsche
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Min. Coverage for Porsche
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Pros & Cons
768 reviewsFarmers, Erie, and Amica are the top providers of cheap Porsche car insurance, known for competitive luxury auto insurance rates and comprehensive coverage options.
Farmers excels with the best Porsche car insurance discounts, while Erie stands out for offering robust coverage packages. Amica is favored for its exceptional customer service, making it a reliable choice.
Our Top 10 Company Picks: Cheap Porsche Car Insurance| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $70 | A | Comprehensive Options | Farmers |
 | #2 | $75 | A+ | Local Expertise | Erie |
 | #3 | $78 | A+ | Claim Satisfaction | Amica |
 | #4 | $82 | B | Nationwide Coverage | State Farm |
 | #5 | $85 | A | Member Benefits | AAA |
 | #6 | $88 | A | Custom Coverage | Liberty Mutual |
 | #7 | $77 | A | Personalized Service | American Family |
 | #8 | $79 | A++ | Multi-Vehicle Discounts | Geico |
 | #9 | $81 | A+ | Usage-Based Discounts | Progressive |
 | #10 | $83 | A++ | Flexible Policies | Travelers |
These providers ensure affordable and reliable insurance options for Porsche drivers seeking the best protection. See if you’re getting the best deal on Porsche car insurance by entering your ZIP code above.
- These Porsche insurance companies have cheap rates specifically for luxury vehicles
- Farmers is the top pick for affordable Porsche car insurance rates
- Porsche owners benefit from comprehensive policies for luxury cars
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#1 – Farmers: Top Overall Pick
Pros
- Discounts for Advanced Safety Features: Porsche drivers can take advantage of savings for advanced safety technology. Learn more in our Farmers insurance review.
- Strong Financial Stability: With an ‘A’ rating from A.M. Best, Farmers ensures financial security and reliability, providing Porsche owners confidence in their coverage.
- 24/7 Roadside Assistance: Comprehensive roadside assistance caters to Porsche drivers, ensuring quick help during breakdowns.
Cons
- Higher Premiums for High-Performance Models: Porsche sports car insurance often has higher premiums due to the risks of high-performance driving.
- Limited Mileage Discount Opportunities: Porsche owners who drive frequently may find discounts less helpful, raising overall costs.
#2 – Erie: Cheapest With Local Expertise
Pros
- Personalized Local Service: Erie’s local agents offer personalized support and tailored advice for the unique needs of Porsche auto insurance.
- Affordable Monthly Rates: Erie offers cost-effective Porsche insurance at $75 per month for those seeking affordable coverage. Read more in our bundling home and auto insurance with Erie.
- New Car Replacement Coverage: Erie’s new car replacement is ideal for new Porsche owners, offering full reimbursement in case of a total loss.
Cons
- Geographical Availability Limits: Erie’s insurance products are not available in all states, which restricts access for some Porsche owners who may not reside in covered regions.
- Limited Digital Tools and Resources: Erie’s limited online tools may not satisfy tech-savvy Porsche drivers who prefer managing insurance digitally.
#3 – Amica: Best Claim Satisfaction
Pros
- High Claim Satisfaction Ratings: Amica is praised for excellent claim satisfaction, offering Porsche drivers a smooth, efficient claims process. For more info, read our Amica insurance review.
- Dividend Policies Offering Savings: Amica’s dividend policies refund up to 20% of Porsche auto insurance premiums.
- Accident Forgiveness Program: Amica offers accident forgiveness, which allows Porsche drivers to maintain their rates after an at-fault accident, helping to keep insurance costs stable.
Cons
- Limited Discount Programs: Amica offers fewer discount opportunities, which may limit the potential savings for Porsche owners compared to insurers with more extensive discount programs.
- Strict Eligibility Requirements: Some drivers may struggle to qualify for some Porsche coverage or discounts due to Amica’s stricter eligibility criteria.
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#4 – State Farm: Cheapest Nationwide Coverage
Pros
- Wide Availability: State Farm provides nationwide coverage, offering Porsche owners consistent protection regardless of location.
- Multiple Discount Options: State Farm provides various Porsche auto insurance discounts, such as multi-policy and safe driver discounts, which can significantly lower rates.
- Trusted Reputation: State Farm is trusted by Porsche owners for its reliable service and strong presence. Find more details in our State Farm insurance review.
Cons
- Poor Financial Ratings: With a B rating from A.M. Best, State Farm Porsche insurance coverage might be less reliable than with other companies.
- Less Personal Service: State Farm’s size may limit personalized service, which could be a drawback for Porsche drivers seeking tailored attention.
#5 – AAA: Cheapest With Member Benefits
Pros
- Exclusive Member Discounts: AAA provides exclusive discounts for its members, offering significant savings for Porsche owners. Find out more in our AAA insurance review.
- Comprehensive Roadside Assistance: Porsche drivers benefit from AAA’s renowned roadside assistance program, providing help with breakdowns, flat tires, and more.
- Travel Discounts and Perks: In addition to cheap Porsche auto insurance, AAA members can enjoy travel-related discounts, making it appealing for drivers who travel frequently.
Cons
- Membership Requirement: AAA auto insurance for Porsche is only available to members, potentially adding to costs.
- Limited Customization: The coverage options might be less customizable than other insurers, which could be a drawback for Porsche owners seeking highly tailored policies.
#6 – Liberty Mutual: Cheapest Custom Coverage
Pros
- New Car Replacement Coverage: Porsche owners can benefit from Liberty Mutual’s new car replacement coverage, which replaces totaled cars with new ones, protecting their investment.
- Accident Forgiveness and Lifetime Repair Guarantee: Liberty Mutual provides accident forgiveness and guarantees repairs for as long as the Porsche is owned, ensuring long-term satisfaction.
- Savings for Bundling Policies: Drivers bundling Porsche auto insurance and home coverage with Liberty Mutual can secure significant savings. See how in our Liberty Mutual insurance review.
Cons
- Complex Discount Eligibility: Some discounts may have strict eligibility requirements, which could limit the savings for certain Porsche owners.
- Variable Customer Service Experience: Customer service quality may vary by region, which can lead to inconsistent experiences for Porsche drivers depending on their location.
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#7 – American Family: Best Personalized Service
Pros
- Dedicated Local Agents: American Family offers personalized service through local agents familiar with Porsche owners’ needs.
- Comprehensive Coverage Options: What types of car insurance coverage does American Family offer? Choose from a wide range of Porsche insurance coverage options tailored to luxury vehicles.
- Strong A.M. Best Rating: With an ‘A’ rating, American Family provides financial stability and reliable Porsche insurance claims service.
Cons
- Higher Premiums for Younger Drivers: Young Porsche drivers may face higher premiums with AmFam due to increased perceived risk.
- Limited Online Tools: American Family’s digital offerings may not be as comprehensive as those of other insurers, which could be a downside for tech-savvy Porsche owners.
#8 – Geico: Cheapest With Multi-Vehicle Discounts
Pros
- Multi-Vehicle Discounts: Porsche drivers who insure multiple cars with Geico can benefit from additional savings, making it economical for households with more than one vehicle.
- Discounts for Safety Features and Defensive Driving: Safe drivers can save on Porsche insurance by installing safety features and completing defensive driving courses.
- High Financial Stability: With an A++ rating, Geico provides Porsche owners with confidence in the insurer’s financial health and claims-paying ability. Get full ratings in our Geico insurance review.
Cons
- Basic Customer Service: Geico’s large size may result in less personalized customer service, which might not meet the expectations of some Porsche owners.
- Higher Premiums for High-Performance Models: Geico may charge higher insurance rates for Porsche sports cars due to their high-performance nature.
#9 – Progressive: Cheapest With Usage-Based Discounts
Pros
- Snapshot Program for Savings: Progressive’s usage-based insurance program, Snapshot, offers discounts on Porsche insurance for safe driving habits.
- Accident Forgiveness and Disappearing Deductibles: Progressive provides accident forgiveness and decreasing deductibles, helping reduce Porsche insurance costs.
- Flexible Payment Plans: Progressive offers flexible payments, helping Porsche drivers manage their insurance. You can learn more in our Progressive insurance review.
Cons
- Higher Rates for High-Mileage Drivers: Porsche owners who drive long distances may find Progressive’s rates to be higher due to increased mileage risk.
- Limited Local Agent Support: Progressive primarily operates online, which may not provide the personalized service some Porsche owners prefer.
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#10 – Travelers: Cheapest Flexible Policies
Pros
- Customizable Coverage Options: Travelers offers a variety of coverage options that can be customized to meet the unique needs of Porsche owners.
- Green Vehicle Discounts: Porsche drivers with hybrid or electric models can save with Travelers’ eco-friendly vehicle discounts.
- Convenient Mobile App: The insurance app lets Porsche drivers pay Travelers insurance premiums, manage policies, file claims, and access roadside assistance easily.
Cons
- Higher Premiums for Luxury Vehicles: Porsche models may face higher premiums with Travelers due to their luxury status and repair costs.
- Less Availability for High-Risk Drivers: Travelers may not provide coverage for Porsche drivers with poor driving records, limiting options for those with past incidents.
Balancing Cost and Coverage for Cheap Porsche Insurance
Compare rates from multiple companies to select the best insurance provider and coverage type. This table outlines the monthly premiums for both minimum and full coverage from the cheapest Porsche insurance companies.
Porsche Car Insurance Monthly Rates by Provider & Coverage Level| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| $85 | $250 |
| $77 | $238 |
| $78 | $235 |
| $75 | $230 |
| $70 | $240 |
| $79 | $233 |
| $88 | $255 |
| $81 | $243 |
| $82 | $245 |
| $83 | $248 |
The monthly premiums for Porsche car insurance differ widely depending on the coverage type and insurance provider. Farmers provides the most affordable option for minimum coverage at $70 per month, making it a cost-effective choice for basic insurance needs.
But sports cars like Porsche often require more comprehensive coverage, which Erie is the cheapest for at $230/month. Liberty Mutual features the highest premiums, with $88 for minimum coverage and $255 for full coverage, indicative of its more customizable policy options.
How much does Porsche 911 car insurance cost? Sports car and luxury insurance premiums for Porsche cars vary considerably based on the specific model and year of the car.
High-performance and newer Porsche models often have higher insurance costs due to their high replacement values and advanced features.
Expert Solutions to Lower Porsche Insurance Costs
Reducing car insurance costs for a luxury vehicle like a Porsche can be challenging. First consider increasing your deductibles, as this can significantly reduce monthly premiums.
Installing advanced safety features, such as anti-theft devices and driver assistance systems, can also lead to discounts from insurers. Here are some of the best safety features car insurance discounts and more savings opportunities from the cheapest Porsche auto insurance companies:
Car Insurance Discounts From the Top Providers for Porsche| Insurance Company | Available Discounts |
|---|---|
| Multi-Policy, Loyalty, Good Driver, Good Student, Anti-Theft, New Car, Multi-Vehicle |
| Multi-Policy, Steer Into Savings, Loyalty, Safe Driver, Good Student, Defensive Driver |
| Multi-Line, Claim-Free, Loyalty, Good Student, Anti-Theft, Defensive Driver, Autopay |
| Safe Driver, Multi-Policy, Young Driver, Multi-Car, Pay-In-Full, Vehicle Storage (for limited use vehicles) |
| Multi-Policy, Signal (usage-based), Safe Driver, Good Student, Bundling, Alternative Fuel |
| Multi-Policy, Safe Driver, Good Student, Anti-Theft, Defensive Driving, Military, Federal Employee |
| Multi-Policy, Newly Married, Good Student, Anti-Theft, Defensive Driver, RightTrack (usage-based) |
| Multi-Policy, Snapshot (usage-based), Continuous Insurance, Homeowner, Multi-Vehicle, Teen Driver |
| Multi-Policy, Safe Driver, Good Student, Steer Clear (for young drivers), Vehicle Safety, Anti-Theft |
| Multi-Policy, Hybrid/Electric Vehicle, New Car, Safe Driver, Multi-Car, Continuous Insurance |
Most Porsche insurance providers have multi-policy discounts for bundling auto insurance with other policies, such as home or life insurance. Farmers specifically offers more discounts on Porsche auto insurance than any other company.
You may also be able to take advantage of usage-based insurance programs that monitor driving habits and reward safe driving with lower rates. Porsche drivers can effectively reduce their insurance costs while enjoying the luxury and performance of their vehicles.
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Comparing the Leading Porsche Auto Insurance Providers
Among the top providers of cheap Porsche car insurance, Farmers stands out for its flexible policies and accident forgiveness options, catering to Porsche drivers with customizable coverage and competitive discounts.
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Erie offers local expertise with a seamless claims experience. Amica is also known for its exceptional customer satisfaction and excels in delivering prompt claims processing and responsive support. However, these two companies are limited to select states while Farmers has cheap auto insurance for sports cars and luxury vehicles like Porsche in all 50 states and Washington, D.C.
Find the best luxury auto insurance company for your Porsche by entering your ZIP code into our free comparison tool below.
Frequently Asked Questions
What’s the cheapest Porsche to insure?
The Porsche Macan is generally the cheapest Porsche to insure due to its lower replacement costs and safety ratings.
What is the cheapest insurance for a Porsche?
Farmers offers some of the most affordable insurance rates for Porsche owners, with premiums starting at $70 per month. Learn more about Farmers Insurance roadside assistance.
Does Porsche have its own insurance?
Yes, Porsche offers its own insurance program, Porsche Auto Insurance, designed specifically for Porsche vehicles.
What color car is the most expensive to insure for Porsche?
Car color does not typically affect insurance costs, so it doesn’t matter what color your Porsche is in terms of insurance pricing.
What is the lowest car insurance group for Porsche?
The Porsche Macan often falls into one of the lower car insurance groups compared to other Porsche models, making it less expensive to insure.
How much is insurance for a Porsche Cayman?
How much does Porsche 718 Cayman car insurance cost? Insurance for a Porsche Cayman typically ranges from $125 to $165 per month, depending on the driver’s profile and coverage level.
How much is insurance on a Porsche Panamera?
Insurance for a Porsche Panamera usually costs between $165 and $210 per month, influenced by factors like driver age and driving history.
Which is more expensive for car insurance, BMW or Porsche?
Porsche generally tends to be more expensive to insure than BMW due to higher repair costs and vehicle values. (Read More: Best BMW Car Insurance Discounts)
Can I get a car insurance discount on a Porsche?
Yes, Porsche owners can often get insurance discounts by installing safety features, bundling policies, or maintaining a clean driving record.
Where can I find cheap car insurance for Porsche?
Comparing quotes from insurers like Farmers, Amica, and Erie can help you find cheap car insurance for your Porsche.
How can I save on Porsche insurance?
To save on Porsche insurance, consider raising your car insurance deductible, installing safety features, and taking advantage of multi-policy discounts.
What factors affect Porsche auto insurance costs?
Factors affecting Porsche car insurance quotes include the model and year of the car, driver’s age, driving history, location, and annual mileage. Enter your ZIP code into our free quote comparison tool below to see how much auto insurance costs near you.
Enter your ZIP code below to compare cheap insurance rates.
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, Finance101.com, and Forbes. As a parent herself, she ...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.