Porsche Taycan Insurance Cost for 2023

Is car insurance for a Porsche Taycan expensive?

We looked at average insurance cost for the Sedan model up to the Turbo S Cross Turismo trim to find out how insurance for a Taycan measures up to similar sports cars.

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  • Porsche Taycan insurance costs an average of $2,590 per year, or around $216 per month for full coverage.
  • The Taycan ranks 18th out of 26 vehicles in the 2023 sports car class for car insurance affordability.

How much does Porsche Taycan insurance cost?

Porsche Taycan insurance averages around $2,590 yearly, or $216 a month. Expect to pay about $178 more per year to insure a Porsche Taycan when compared to the average rate for all sports cars, and $905 more per year than the all-vehicle national average of $1,685.

The cost summary chart below illustrates average insurance cost per year for a 2023 Porsche Taycan using different deductibles and driver age groups.

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Chart Data Details: Average rates are for a 2023 model year Porsche Taycan with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Porsche Taycan trim levels.Data last updated on December 30, 2022
Porsche Taycan Insurance Cost Summary
Porsche Taycan Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$5,844$487
Safe Driver Age 20$5,126$427
At-fault Accidents Age 40$3,596$300
Low Deductibles Age 40$3,518$293
Safe Driver Age 30$2,766$231
Safe Driver Age 40$2,590$216
Safe Driver Age 50$2,350$196
Safe Driver Age 60$2,306$192
Discount Rate Age 40$2,150$179
High Deductibles Age 40$2,112$176

Is Porsche Taycan insurance expensive?

When compared to other popular sports cars, insurance on a Porsche Taycan averages $676 more per year than the Ford Mustang, $70 less than the Dodge Challenger, and $280 more than the Chevrolet Camaro.

The Porsche Taycan ranks 18th out of 26 total vehicles in the sports car segment for most affordable car insurance prices. The Taycan costs an average of $2,590 per year for full coverage insurance, while the segment average cost is $2,412 annually, a difference of $178 per year.

The table below ranks average insurance cost for the entire 2023 sports car segment, with the Taycan highlighted and ranked at 18th.

Insurance Cost Comparison: Porsche Taycan vs Sports Cars
Rank Make/Model Insurance Cost Difference
1Mazda MX-5 Miata$1,630-$960
2Audi TT$1,828-$762
3Ford Mustang$1,914-$676
4BMW Z4$1,928-$662
5Subaru WRX$1,948-$642
6Nissan Z$1,978-$612
7Toyota GR Supra$2,010-$580
8Toyota GR86$2,034-$556
9BMW M2$2,036-$554
10Subaru BRZ$2,128-$462
11Chevrolet Corvette$2,176-$414
12BMW M3$2,224-$366
13Lexus RC F$2,270-$320
14Porsche 718$2,272-$318
15Chevrolet Camaro$2,310-$280
16Mercedes-Benz AMG GT53$2,448-$142
17Jaguar F-Type$2,534-$56
18Porsche Taycan$2,590--
19BMW M4$2,622$32
20Lexus LC 500$2,652$62
21Dodge Challenger$2,660$70
22Porsche 911$2,890$300
23Acura NSX$3,268$678
24Audi R8$3,378$788
25Mercedes-Benz SL 55$3,382$792
26Mercedes-Benz SL 63$3,600$1,010

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Table Data Details: Average rates are based on 2023 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 30, 2022
Insurance Cost Comparison: Porsche Taycan vs Sports Cars

What is the cheapest Porsche Taycan insurance?

The cheapest Taycan to insure is the base Sedan at an average cost of $2,222 per year, or about $185 per month. The next cheapest model is the 4 Cross Turismo at $2,350 per year, and the third cheapest model to insure is the 4S at $2,434 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 $2,732,  $2,838, and $2,844 per year, respectively.

Average car insurance rates are shown in the table below for each 2023 Porsche Taycan trim level.

2023 Porsche Taycan Insurance Cost by Trim Level
Porsche Taycan Trim Level Annual Policy 6-month Policy Per Month
Sedan$2,222$1,111$185
4 Cross Turismo$2,350$1,175$196
4S$2,434$1,217$203
4S Cross Turismo$2,488$1,244$207
GTS$2,624$1,312$219
GTS Sport Turismo$2,636$1,318$220
Turbo$2,720$1,360$227
Turbo Cross Turismo$2,732$1,366$228
Turbo S$2,838$1,419$237
Turbo S Cross Turismo$2,844$1,422$237

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Porsche Taycan, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 30, 2022
Porsche Taycan Insurance Cost by Trim Level

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 $3,910 or more per year.
  • Clean up your credit to lower your rates. Having a high credit score of 800+ could save as much as $407 per year compared to a slightly lower credit score between 670-739. Conversely, a lower credit score could cost around $471 more per year.
  • As you age, insurance rates get cheaper. The difference in insurance rates for a Taycan between a 60-year-old driver ($2,306 per year) and a 20-year-old driver ($5,126 per year) is $2,820, or a savings of 55%.
  • 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 $440 per yearon the cost of insuring a Taycan.
  • Young male drivers pay the highest rates. For a 2023 Porsche Taycan, a 20-year-old male will pay an average rate of $5,126 per year, while a 20-year-old female driver pays an estimated $3,786, a difference of $1,340 per year. Women get significantly cheaper rates. But by age 50, rates for male drivers are $2,350 and the rate for women is $2,302, a difference of only $48.