Porsche Taycan Insurance Cost for 2022

How much are Porsche Taycan car insurance rates? We compared average insurance cost for the Taycan to other sports cars to see how prices stack up.

Start QuoteCompare Taycan car insurance rates and save on your next policy.

  • 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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 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 April 20, 2022
Porsche Taycan Insurance Cost Summary
Porsche Taycan Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$5,324$444
Safe Driver Age 20$4,666$389
At-fault Accidents Age 40$3,270$273
Low Deductibles Age 40$3,194$266
Safe Driver Age 30$2,512$209
Safe Driver Age 40$2,346$196
Safe Driver Age 50$2,132$178
Safe Driver Age 60$2,096$175
Discount Rate Age 40$1,950$163
High Deductibles Age 40$1,914$160

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.

Insurance Cost Comparison: Porsche Taycan vs Sports Cars
Rank Make/Model Insurance Cost Difference
1Mazda MX-5 Miata$1,312-$1,034
2Ford Mustang$1,596-$750
3BMW Z4$1,628-$718
4Subaru WRX$1,722-$624
5Toyota GR86$1,764-$582
6Toyota GR Supra$1,804-$542
7Audi TT$1,844-$502
8Subaru BRZ$1,898-$448
9Chevrolet Corvette$1,908-$438
10BMW M3$1,960-$386
11Porsche 718$2,044-$302
12Chevrolet Camaro$2,096-$250
13Lexus RC F$2,138-$208
14Dodge Challenger$2,152-$194
15Mercedes-Benz AMG GT53$2,186-$160
16Jaguar F-Type$2,286-$60
17Porsche Taycan$2,346--
18Porsche 911$2,402$56
19BMW M4$2,410$64
20Lexus LC 500$2,494$148
21Acura NSX$2,924$578
22Audi R8$3,052$706
23Nissan GT-R$3,132$786

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2022 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 April 2, 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 $2,000 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.

2022 Porsche Taycan Insurance Cost by 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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 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 February 19, 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 $3,580 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.