- Porsche Taycan insurance costs an average of $2,366 per year, or around $197 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 $2,366 yearly, or $197 a month. Expect to pay about $214 more per year to insure a Porsche Taycan when compared to the average rate for all sports cars, and $799 more per year than the all-vehicle national average of $1,567.
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 $758 more per year than the Ford Mustang, $196 more than the Dodge Challenger, and $254 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 $2,366 per year for full coverage insurance, while the segment average cost is $2,152 annually, a difference of $214 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 | $1,322 | -$1,044 |
| 2 | Ford Mustang | $1,608 | -$758 |
| 3 | BMW Z4 | $1,642 | -$724 |
| 4 | Subaru WRX | $1,734 | -$632 |
| 5 | Toyota GR86 | $1,776 | -$590 |
| 6 | Toyota GR Supra | $1,818 | -$548 |
| 7 | Audi TT | $1,856 | -$510 |
| 8 | Subaru BRZ | $1,916 | -$450 |
| 9 | Chevrolet Corvette | $1,922 | -$444 |
| 10 | BMW M3 | $1,974 | -$392 |
| 11 | Porsche 718 | $2,064 | -$302 |
| 12 | Chevrolet Camaro | $2,112 | -$254 |
| 13 | Lexus RC F | $2,162 | -$204 |
| 14 | Dodge Challenger | $2,170 | -$196 |
| 15 | Mercedes-Benz AMG GT53 | $2,202 | -$164 |
| 16 | Jaguar F-Type | $2,304 | -$62 |
| 17 | Porsche Taycan | $2,366 | -- |
| 18 | Porsche 911 | $2,426 | $60 |
| 19 | BMW M4 | $2,428 | $62 |
| 20 | Lexus LC 500 | $2,514 | $148 |
| 21 | Acura NSX | $2,948 | $582 |
| 22 | Audi R8 | $3,078 | $712 |
| 23 | Nissan GT-R | $3,154 | $788 |
What is the cheapest Porsche Taycan insurance?
The cheapest Taycan to insure is the base Sedan at an average cost of $2,018 per year, or about $168 per month. The next cheapest model is the 4 Cross Turismo at $2,140 per year, and the third cheapest model to insure is the 4S at $2,230 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 $2,498, $2,594, and $2,600 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 | $2,018 | $1,009 | $168 |
| 4 Cross Turismo | $2,140 | $1,070 | $178 |
| 4S | $2,230 | $1,115 | $186 |
| 4S Cross Turismo | $2,278 | $1,139 | $190 |
| GTS | $2,406 | $1,203 | $201 |
| GTS Sport Turismo | $2,414 | $1,207 | $201 |
| Turbo | $2,486 | $1,243 | $207 |
| Turbo Cross Turismo | $2,498 | $1,249 | $208 |
| Turbo S | $2,594 | $1,297 | $216 |
| Turbo S Cross Turismo | $2,600 | $1,300 | $217 |
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 $3,610 or more per year.
- Clean up your credit to lower your rates. Having a high credit score of 800+ could save as much as $371 per year compared to a slightly lower credit score between 670-739. Conversely, a lower credit score could cost around $431 more per year.
- As you age, insurance rates get cheaper. The difference in insurance rates for a Taycan between a 60-year-old driver ($2,112 per year) and a 20-year-old driver ($4,704 per year) is $2,592, 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 $400 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 $4,704 per year, while a 20-year-old female driver pays an estimated $3,466, a difference of $1,238 per year. Women get significantly cheaper rates. But by age 50, rates for male drivers are $2,148 and the rate for women is $2,106, a difference of only $42.
