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 $2,656 per year, or around $221 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 $2,656 yearly, or $221 a month. Expect to pay about $180 more per year to insure a Porsche Taycan when compared to the average rate for all sports cars, and $928 more per year than the all-vehicle national average of $1,728.

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 August 12, 2023
Porsche Taycan Insurance Cost Summary
2023 Porsche Taycan Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$6,002$500
Safe Driver Age 20$5,260$438
At-fault Accidents Age 40$3,692$308
Low Deductibles Age 40$3,610$301
Safe Driver Age 30$2,842$237
Safe Driver Age 40$2,656$221
Safe Driver Age 50$2,410$201
Safe Driver Age 60$2,368$197
Discount Rate Age 40$2,210$184
High Deductibles Age 40$2,166$181

Is Porsche Taycan insurance expensive?

When compared to other popular sports cars, insurance on a Porsche Taycan averages $692 more per year than the Ford Mustang, $74 less than the Dodge Challenger, and $288 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 $2,656 per year for full coverage insurance, while the segment average cost is $2,476 annually, a difference of $180 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$1,672-$984
2Audi TT$1,876-$780
3Ford Mustang$1,964-$692
4BMW Z4$1,978-$678
5Subaru WRX$2,002-$654
6Nissan Z$2,032-$624
7Toyota GR Supra$2,066-$590
8Toyota GR86$2,092-$564
9BMW M2$2,102-$554
10Subaru BRZ$2,186-$470
11Chevrolet Corvette$2,234-$422
12BMW M3$2,282-$374
13Lexus RC F$2,330-$326
14Porsche 718$2,334-$322
15Chevrolet Camaro$2,368-$288
16Mercedes-Benz AMG GT53$2,512-$144
17Jaguar F-Type$2,600-$56
18Porsche Taycan$2,656--
19BMW M4$2,692$36
20Lexus LC 500$2,722$66
21Dodge Challenger$2,730$74
22Porsche 911$2,964$308
23Acura NSX$3,354$698
24Audi R8$3,468$812
25Mercedes-Benz SL 55$3,474$818
26Mercedes-Benz SL 63$3,698$1,042

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Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on August 12, 2023
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 $2,278 per year, or about $190 per month. The next cheapest model is the 4 Cross Turismo at $2,412 per year, and the third cheapest model to insure is the 4S at $2,498 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 $2,802,  $2,910, and $2,918 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 Six-Month Policy Per Month
Sedan$2,278$1,139$190
4 Cross Turismo$2,412$1,206$201
4S$2,498$1,249$208
4S Cross Turismo$2,552$1,276$213
GTS$2,692$1,346$224
GTS Sport Turismo$2,706$1,353$226
Turbo$2,790$1,395$233
Turbo Cross Turismo$2,802$1,401$234
Turbo S$2,910$1,455$243
Turbo S Cross Turismo$2,918$1,459$243

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 August 11, 2023
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 $4,014 or more per year.
  • Clean up your credit to lower your rates. Having a high credit score of 800+ could save as much as $417 per year compared to a slightly lower credit score between 670-739. Conversely, a lower credit score could cost around $483 more per year.
  • As you age, insurance rates get cheaper. The difference in insurance rates for a Taycan between a 60-year-old driver ($2,368 per year) and a 20-year-old driver ($5,260 per year) is $2,892, or a savings of 75.8%.
  • 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 $446 per year on 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 $5,260 per year, while a 20-year-old female driver pays an estimated $3,888, a difference of $1,372 per year. Women get significantly cheaper rates. But by age 50, rates for male drivers are $2,410 and the rate for women is $2,362, a difference of only $48.