- Porsche Taycan insurance costs an average of $2,346 per year, or around $196 per month for full coverage.
- The Taycan ranks #17 out of 23 vehicles in the 2022 sports car class for car insurance affordability.
How much does Porsche Taycan insurance cost?
Porsche Taycan insurance averages around $2,346 yearly, or $196 a month. Expect to pay about $211 more per year to insure a Porsche Taycan when compared to the average rate for all sports cars, and $795 more per year than the all-vehicle national average of $1,551.
The cost summary chart below illustrates average insurance cost per year for a 2022 Porsche Taycan using different deductibles and driver age groups.
Is Porsche Taycan insurance expensive?
When compared to other popular sports cars, insurance on a Porsche Taycan averages $750 more per year than the Ford Mustang, $194 more than the Dodge Challenger, and $250 more than the Chevrolet Camaro.
The Porsche Taycan ranks #17 out of 23 total vehicles in the sports car segment for most affordable car insurance prices. The Taycan costs an average of $2,346 per year for full coverage insurance, while the segment average cost is $2,135 annually, a difference of $211 per year.
The table below ranks average insurance cost for the entire 2022 sports car segment, with the Taycan highlighted and ranked at #17.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $1,312 | -$1,034 |
| 2 | Ford Mustang | $1,596 | -$750 |
| 3 | BMW Z4 | $1,628 | -$718 |
| 4 | Subaru WRX | $1,722 | -$624 |
| 5 | Toyota GR86 | $1,764 | -$582 |
| 6 | Toyota GR Supra | $1,804 | -$542 |
| 7 | Audi TT | $1,844 | -$502 |
| 8 | Subaru BRZ | $1,898 | -$448 |
| 9 | Chevrolet Corvette | $1,908 | -$438 |
| 10 | BMW M3 | $1,960 | -$386 |
| 11 | Porsche 718 | $2,044 | -$302 |
| 12 | Chevrolet Camaro | $2,096 | -$250 |
| 13 | Lexus RC F | $2,138 | -$208 |
| 14 | Dodge Challenger | $2,152 | -$194 |
| 15 | Mercedes-Benz AMG GT53 | $2,186 | -$160 |
| 16 | Jaguar F-Type | $2,286 | -$60 |
| 17 | Porsche Taycan | $2,346 | -- |
| 18 | Porsche 911 | $2,402 | $56 |
| 19 | BMW M4 | $2,410 | $64 |
| 20 | Lexus LC 500 | $2,494 | $148 |
| 21 | Acura NSX | $2,924 | $578 |
| 22 | Audi R8 | $3,052 | $706 |
| 23 | Nissan GT-R | $3,132 | $786 |
What is the cheapest Porsche Taycan insurance?
The cheapest Taycan to insure is the base Sedan at an average cost of $2,000 per year, or about $167 per month. The next cheapest model is the 4 Cross Turismo at $2,124 per year, and the third cheapest model to insure is the 4S at $2,212 per year.
The most expensive car insurance rates are on the Turbo Cross Turismo, the Turbo S, and the Turbo S Cross Turismo trim levels at an estimated $2,476, $2,572, and $2,580 per year, respectively.
Average car insurance rates are shown in the table below for each 2022 Porsche Taycan trim level.
| Porsche Taycan Trim Level | Annual Policy | 6-month Policy | Per Month |
|---|---|---|---|
| Sedan | $2,000 | $1,000 | $167 |
| 4 Cross Turismo | $2,124 | $1,062 | $177 |
| 4S | $2,212 | $1,106 | $184 |
| 4S Cross Turismo | $2,260 | $1,130 | $188 |
| GTS | $2,384 | $1,192 | $199 |
| GTS Sport Turismo | $2,396 | $1,198 | $200 |
| Turbo | $2,466 | $1,233 | $206 |
| Turbo Cross Turismo | $2,476 | $1,238 | $206 |
| Turbo S | $2,572 | $1,286 | $214 |
| Turbo S Cross Turismo | $2,580 | $1,290 | $215 |
Additional rates and insights
Some other relevant data insights about Porsche Taycan insurance cost include:
- High-risk Taycan insurance is expensive. For a 20-year-old driver, having to buy a high-risk policy due to excessive accidents and/or violations can increase the cost by $3,580 or more per year.
- Clean up your credit to lower your rates. Having a high credit score of 800+ could save as much as $368 per year compared to a slightly lower credit score between 670-739. Conversely, a lower credit score could cost around $427 more per year.
- As you age, insurance rates get cheaper. The difference in insurance rates for a Taycan between a 60-year-old driver ($2,096 per year) and a 20-year-old driver ($4,666 per year) is $2,570, or a savings of 55.1%.
- Earn discounts to save money. Discounts may be available if the insured drivers belong to certain professional organizations, are accident-free, drive low annual mileage, sign their policy early, or many other discounts which could save the average driver as much as $396 per yearon the cost of insuring a Taycan.
- Young male drivers pay the highest rates. For a 2022 Porsche Taycan, a 20-year-old male will pay an average rate of $4,666 per year, while a 20-year-old female driver pays an estimated $3,436, a difference of $1,230 per year. Women get significantly cheaper rates. But by age 50, rates for male drivers are $2,132 and the rate for women is $2,090, a difference of only $42.
