10 Best Car Insurance Companies for Porsches in 2024 (Top Providers Ranked)

Top Pick for Porsche: USAA

6,435 reviews

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4.7

Table of Contents

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Company Facts

Full Coverage for Porsche

$270/mo

A.M. Best Rating

A++

Complaint Level

Low

Pros & Cons

• Offers multiple products including financial services and banking
• High customer satisfaction and financial ratings
• Rates are lower than average
• Coverage is available in all 50 states
• Easy-to-use mobile app

• Coverage isn’t available to everyone
• DUIs drastically increase rates
• SafePilot isn’t available in every state
• Customer complaints are higher than competitors

» USAA Car Insurance Review

6,435 reviews

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Best Discounts for Porsche: Allstate

11,413 reviews

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4.0

Company Facts

Full Coverage for Porsche

$292/mo

A.M. Best Rating

A+

Complaint Level

Low

Pros & Cons

• Multiple coverage options
• Various discounts
• Additional savings programs

• Lower than average customer service ratings
• Higher than average auto insurance rates

» Allstate Car Insurance Review

11,413 reviews

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Best Savings for Porsche: State Farm

17,760 reviews

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4.1

Company Facts

Full Coverage for Porsche

$303/mo

A.M. Best Rating

B

Complaint Level

Low

Pros & Cons

• One of the largest insurance companies in the US
• High levels of customer satisfaction
• Affordable rates for people with a speeding ticket or an accident on their record
• Wide variety of discounts available
• Rideshare insurance

• High rates for drivers with poor credit scores
• No gap coverage
• Options like new vehicle replacement, vanishing deductibles, and accident forgiveness are not available

» State Farm Car Insurance Review

17,760 reviews

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The best car insurance companies for Porsches are USAA, Allstate, and State Farm, offering top-notch coverage with rates starting at just $134/month.

Owning a Porsche may lead to higher insurance rates due to its luxury status, but many companies offer competitive rates that vary by model and year.

Our Top 10 Company Picks: Best Car Insurance Companies for Porsches

Company	Rank	Safe Driving Discount	A.M. Best	Best For	Jump to Pros/Cons
	#1	9%	A++	Military Savings	USAA
	#2	10%	A+	UBI Discount	Allstate
	#3	11%	B	Student Savings	State Farm
	#4	14%	A++	Bundling Policies	Travelers
	#5	13%	A	Multi-Policy Discounts	Liberty Mutual
	#6	11%	A++	Online Convenience	Geico
	#7	9%	A	Discount Availability	American Family
	#8	8%	A+	Roadside Assistance	Progressive
	#9	12%	A	Safe-Driving Discounts	Farmers
	#10	12%	A+	Vanishing Deductible	Nationwide

Auto insurance rates can vary by up to $2,000 on your Porsche, depending on the type of Porsche you drive and what kind of coverage you’re looking for. For example, Porsche 911 Turbo car insurance quotes may vary significantly from a Porsche Cayenne.

The best way to find the best car insurance companies for Porsches is to compare quotes from multiple providers in your area. Enter your ZIP code to start.

#1 – USAA: Top Overall Pick

Pros

• Military Savings: USAA offers exclusive discounts for military members, which is highly beneficial for those in the armed forces.
• Comprehensive Coverage Options: USAA provides extensive coverage, including specialized protection for luxury vehicles, ensuring thorough risk management.
• Excellent Customer Service: USAA is highly rated for customer service among the best car insurance companies for Porsches, offering exceptional support and reliability.

Cons

• Exclusively for Military Members: USAA is limited to military families, so not all Porsche owners can access their top-notch offerings. Learn more through our USAA insurance review.
• Limited Availability: USAA’s coverage isn’t available in all states, which may prevent some Porsche owners from enjoying their excellent insurance options.

#2 – Allstate: Best for UBI Discount

Pros

• UBI Discount: Allstate offers a usage-based insurance (UBI) discount, rewarding safe Porsche drivers with lower premiums.
• Strong Financial Ratings: Allstate’s A+ A.M. Best rating ensures reliable coverage, making it one of the best car insurance companies for Porsches.
• Flexible Payment Options: Porsche owners enjoy flexible payment plans with Allstate. For more information on payment choices, visit our full article, “Allstate Insurance Review. “

Cons

• Higher Premiums: Some Porsche drivers, especially those with less-than-perfect records, may face higher premiums than other top insurers.
• Mixed Customer Reviews: Allstate has received mixed feedback on customer service, affecting its reputation among Porsche owners.

#3 – State Farm: Best for Student Savings

Pros

• Student Discounts: State Farm provides student discounts, making it a top choice for families with younger drivers. Uncover more by reviewing our article “State Farm Insurance Review.”
• Nationwide Availability: State Farm is available across the U.S., making it a convenient option for owners seeking coverage from one of the best car insurance companies for Porsches.
• Affordable Rates for Certain Models: State Farm offers competitive rates for various Porsche models, adding to its status as one of the best car insurance companies for Porsches.

Cons

• Less Comprehensive Discounts: Compared to other best car insurance companies for Porsches, State Farm may offer fewer specialized discounts. This could limit potential savings.
• Customer Service Variability: Customer experiences with State Farm’s service can vary, potentially affecting its ranking among the best car insurance companies for Porsches.

#4 – Travelers: Best for Bundling Policies

Pros

• Bundling Discounts: Travelers provide notable savings when bundling auto insurance with other policies, often leading to significant overall savings.
• High A.M. Best Rating: With an A++ rating, Travelers reflects its strong financial stability and reliable coverage, as stated in our Travelers insurance review.
• Intense Customer Satisfaction: Travelers are known for high customer satisfaction and stand out as one of the best car insurance companies for Porsches in terms of service quality.

Cons

• Higher Premiums for Some Models: Travelers’ premiums can be higher for specific Porsche models, which might affect affordability.
• Limited Local Agents: Some areas may have limited access to Travelers’ local agents, which can impact customer service and convenience for Porsche owners.

#5 – Liberty Mutual: Best for Multi-Policy Discounts

Pros

• Multi-Policy Discounts: Liberty Mutual offers substantial savings for bundling auto with other policies, benefiting Porsche owners with diverse insurance needs.
• Strong Financial Ratings: With an A rating from A.M. Best, Liberty Mutual provides reliable coverage, enhancing its reputation among the best car insurance companies for Porsches.
• Safe Driving Discounts: Discounts for safe driving can lower premiums for Porsche owners, boosting Liberty Mutual’s standing as one of the best car insurance companies for Porsches.

Cons

• Higher Premiums for Younger Drivers: Rates can be higher for younger drivers, which may be less favorable compared to other top car insurance companies for Porsches.
• Mixed Claims Experience: As mentioned in this Liberty Mutual insurance review, some customers have reported varied experiences with claims processing.

#6 – Geico: Best for Online Convenience

Pros

• Online Convenience: Geico’s user-friendly online platform makes it a top choice among the best car insurance companies for Porsches, offering easy policy management.
• Competitive Rates: Geico offers competitive rates for Porsche insurance, positioning it as one of the best car insurance companies for Porsches in terms of affordability.
• Strong Financial Ratings: With an A++ rating from A.M. Best, Geico is considered one of the best car insurance companies for Porsches, ensuring financial reliability and stability.

Cons

• Limited Coverage Options: Geico offers fewer specialized coverage options for high-value vehicles, which you can read about in our Geico insurance review.
• Customer Service Issues: Some customers report issues with Geico’s customer service, which could affect its ranking among the best car insurance companies for Porsches.

#7 – American Family: Best for Discount Availability

Pros

• Discount Availability: American Family offers various discounts for Porsche owners, enhancing affordability and making it one of the best car insurance companies for Porsches.
• Strong A.M. Best Rating: With an A rating from A.M. Best, American Family provides reliable and financially stable coverage for Porsche owners.
• Comprehensive Customer Support: As highlighted in our American Family insurance review, American Family is a top choice for Porsche owners needing quality assistance.

Cons

• Higher Premiums for High-Risk Drivers: Premiums may be higher for those with a history of claims or poor credit, impacting affordability for some Porsche owners.
• Limited National Availability: Coverage may not be available in all states, restricting options for some Porsche owners.

#8 – Progressive: Best for Roadside Assistance

Pros

• Roadside Assistance: As stated in our Progressive insurance review, Progressive offers comprehensive roadside assistance, adding valuable protection to your policy.
• Flexible Coverage Options: Progressive offers a range of flexible coverage options tailored for high-value vehicles, enhancing its appeal for Porsche owners.
• Strong A.M. Best Rating: Progressive has an A+ rating from A.M. Best, Which recognizes its financial stability and reliable coverage.

Cons

• Limited Discounts for High-Risk Drivers: Fewer discounts are available for high-risk drivers, which could be a drawback compared to other top car insurance companies for Porsches.
• Customer Service Variability: Some users report inconsistent customer service experiences with Progressive.

#9 – Farmers: Best for Safe-Driving Discounts

Pros

• Safe-Driving Discounts: Farmers provide discounts for safe driving, benefiting Porsche owners with a clean record and offering cost-saving opportunities.
• Comprehensive Coverage Options: As discussed in our Farmers insurance review, it offers tailored coverage for high-value vehicles, ensuring specialized protection for Porsche owners.
• Multi-Policy Discounts: Savings for bundling multiple policies benefit Porsche owners needing various insurance types.

Cons

• Higher Premiums for Certain Models: Farmers’ premiums can be higher for specific Porsche models, affecting affordability compared to other best car insurance companies for Porsches.
• Limited Availability in Some Areas: Farmers may not be available in all regions, limiting options for Porsche owners seeking coverage.

#10 – Nationwide: Best for Vanishing Deductible

Pros

• Vanishing Deductible: Nationwide’s vanishing deductible program lowers your deductible over time. This feature is valuable for Porsche owners seeking savings.
• Competitive Rates: Nationwide provides competitive rates for Porsche owners, making it a cost-effective choice.
• Strong A.M. Best Rating: With an A+ rating from A.M. Best, Nationwide offers robust financial stability, making it a reliable option among the best car insurance companies for Porsches.

Cons

• Higher Premiums for High-Risk Drivers: Premiums can be higher for drivers with a history of claims or poor credit, affecting affordability compared to other Porsches insurers.
• Customer Service Inconsistencies: Some customers experience inconsistencies with Nationwide’s customer service. For more, see our article on “Nationwide Insurance Review.”

The Model Affects Porsche Car Insurance

Each Porsche model comes with an average rate for various types of car insurance coverage. This is typically because different models cost more or less to repair or replace if damaged or totaled.

Porsche Car Insurance Monthly Rates by Providers & Coverage Level

Insurance Company	Minimum Coverage	Full Coverage
	$153	$292
	$148	$286
	$162	$311
	$143	$279
	$152	$294
	$149	$287
	$147	$283
	$158	$303
	$163	$314
	$134	$270

Therefore, if you drive a Porsche that costs more, you can assume the insurance cost will also be high. For example, the average price of auto insurance for a 911 Carrera is $323 each month, while an auto insurance policy for a 911 Turbo S is around $373 each month.

If you drive a Porsche with a lower MSRP or take longer to get from 0 to 60, your insurance costs will likely be lower. You must consider other factors impacting your Porsche auto insurance rates, like age, gender, credit score, driving history, etc.

Insurance Companies Charge Different Rates for Porsche Car Insurance

Companies charge different rates based on your unique factors. For example, some companies may pay more attention to your credit score, while others are more concerned with your driving history.

It’s essential to compare auto insurance rates from multiple companies to get a clearer picture of which will provide you with the coverage you need, including liability car insurance coverage, comprehensive car insurance coverage, and collision car insurance coverage at a reasonable price.

On average, Farm Bureau offers the cheapest coverage rates for a Porsche. Full coverage with Farm Bureau costs around $138 per month. On the other hand, rates with Geico are around $364 per month.

Because rates with Geico are about 31% higher than the average with other companies, it is important to compare before committing to an auto insurance policy with any company.

Check out the Farm Bureau auto insurance review to determine if it’s a suitable choice for you. Begin comparing quotes by entering your ZIP code below to receive car insurance quotes all in one place.

Porsche 718 Boxster Car Insurance

On average, full coverage Porsche 718 Boxster car insurance rates are $3,024 annually or $252 per month for a 30-year-old man. A 45-year-old man will pay $2,801 annually or $233 each month.

State Farm offers the cheapest auto insurance coverage on average if you drive a Porsche Boxster. You’ll pay around $140 monthly for full coverage on your Porsche Boxster with State Farm. Read our State Farm auto insurance review to learn whether the company would meet your auto insurance needs.

Car Insurance for a Porsche 718 Cayman

Porsche 718 Cayman car insurance rates are around $3,001 annually or $250 monthly on average.

Farm Bureau offers the cheapest 718 Cayman rates. If you purchase coverage with Farm Bureau, you’ll pay around $1,835 annually or $153 monthly. Rates with Geico are the most expensive. You’ll spend $340 monthly on coverage for your 718 Cayman with Geico.

Car Insurance for the Porsche 718 Spyder

Coverage for a Porsche 718 Spyder is $3,621 annually or $302 monthly on average for a 30-year-old driver. However, coverage may vary significantly by year.

Rates with Farm Bureau are the cheapest for Porsche 718 Spyder auto insurance. With Farm Bureau, you’ll pay around $1,312 annually or $109 per month on coverage. However, rates with State Farm are significantly higher. With State Farm, you’ll pay $6,028 per year or $502 each month.

Car Insurance for a Porsche 911 Turbo S

On average, a full coverage policy on your Porsche 911 Turbo S will cost $4,475 annually or $373 per month. Once again, Farm Bureau rates for a Porsche 911 Turbo S are the cheapest at $1,859 annually or $155 monthly on average.

Car Insurance for a Porsche 911 Carrera

In many cases, the Porsche 911 Carrera is the second most expensive Porsche to insure. You’ll pay around $4,021 annually or $335 each month for auto insurance on your 911 Carrera if you’re 30 years old.

Farm Bureau once again offers the cheapest coverage options for a Carrera. With Farm Bureau, you’ll pay around $1,805 annually or $150 monthly.

Porsche Cayenne Car Insurance

The average insurance rate for a Porsche Cayenne is $2,790 per year or $233 every month if you buy a full coverage policy. Porsche Cayenne insurance costs around $1,687 annually or $141 per month for full coverage with Farm Bureau.

Car Insurance for a Porsche Macan

If you drive a Porsche Macan, you’ll pay around $2,363 per year or $197 monthly if you’re a 30-year-old driver. State Farm rates are the lowest on average for a Macan. With State Farm, Porsche Macan car insurance costs around $1,728 annually or $144 monthly for a full coverage policy.

Car Insurance for a Porsche Panamera

If you’re a 30-year-old driver, your Porsche Panamera car insurance will cost $3,786 annually or $316 monthly. Farm Bureau offers the most affordable Porsche Panamera auto insurance rates. Porsche Panamera insurance costs around $1,815 annually or $151 monthly for a full coverage policy with Farm Bureau.

Car Insurance for a Porsche Taycan Turbo

The average cost for a full coverage policy on a Porsche Taycan Turbo is around $3,468 annually or $289 per month if you’re 30 years old.

With Farm Bureau, total coverage rates on your Taycan Turbo can be as low as $1,053 annually or $88 monthly. Enter your ZIP code below to start comparing quotes and see all your car insurance options in one place.

Getting Car Insurance Directly From Porsche

Porsche sells individual auto insurance policies, though policies are currently only available in five states in the U.S. With a Porsche auto insurance policy, shops will repair your vehicle with original manufacturer parts. A Porsche auto insurance policy allows you to purchase additional coverage for any custom parts or accessories you want to be included in your policy.

Car Insurance Discounts From the Top Providers for Porsches

Insurance Company	Available Discounts
	Multi-Policy Discount, Anti-Theft Device Discount, Safe Driver Discount, New Car Discount
	Low Mileage Discount, Good Student Discount, Multi-Policy Discount, Defensive Driving Course Discount
	Safe Driver Discount, Good Student Discount, Multi-Car Discount, Anti-Theft Device Discount
	Defensive Driving Course Discount, Good Student Discount, Multi-Policy Discount, Anti-Theft Device Discount
	Safe Driver Discount, New Car Discount, Multi-Policy Discount, Anti-Theft Device Discount
	Good Student Discount, Multi-Policy Discount, Safe Driver Discount, Low Mileage Discount
	New Car Discount, Defensive Driving Course Discount, Good Student Discount, Multi-Policy Discount
	Safe Driver Discount, Good Student Discount, Defensive Driving Course Discount, Multi-Policy Discount
	New Car Discount, Safe Driver Discount, Anti-Theft Device Discount, Multi-Policy Discount
	Multi-Policy Discount, Safe Driver Discount, Good Student Discount, Defensive Driving Course Discount

If you’re interested in purchasing auto insurance through Porsche, check with the company to learn whether it’s an option in your area (Read more: How to Get Car Insurance: An Expert Guide).

Finding Cheap Porsche Car Insurance

If you drive a Porsche, you should consider investing in full-coverage auto insurance to ensure adequate protection. To secure the most affordable and suitable coverage for your Porsche, you should obtain and compare quotes from multiple auto insurance companies. This process will help you identify the best coverage options tailored to your needs and ensure you don’t overpay for your auto insurance.

By evaluating quotes from various providers, you can find a policy that offers comprehensive protection at a competitive rate. Enter your ZIP code below to get all your car insurance quotes in one spot.