- 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.
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.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $1,672 | -$984 |
| 2 | Audi TT | $1,876 | -$780 |
| 3 | Ford Mustang | $1,964 | -$692 |
| 4 | BMW Z4 | $1,978 | -$678 |
| 5 | Subaru WRX | $2,002 | -$654 |
| 6 | Nissan Z | $2,032 | -$624 |
| 7 | Toyota GR Supra | $2,066 | -$590 |
| 8 | Toyota GR86 | $2,092 | -$564 |
| 9 | BMW M2 | $2,102 | -$554 |
| 10 | Subaru BRZ | $2,186 | -$470 |
| 11 | Chevrolet Corvette | $2,234 | -$422 |
| 12 | BMW M3 | $2,282 | -$374 |
| 13 | Lexus RC F | $2,330 | -$326 |
| 14 | Porsche 718 | $2,334 | -$322 |
| 15 | Chevrolet Camaro | $2,368 | -$288 |
| 16 | Mercedes-Benz AMG GT53 | $2,512 | -$144 |
| 17 | Jaguar F-Type | $2,600 | -$56 |
| 18 | Porsche Taycan | $2,656 | -- |
| 19 | BMW M4 | $2,692 | $36 |
| 20 | Lexus LC 500 | $2,722 | $66 |
| 21 | Dodge Challenger | $2,730 | $74 |
| 22 | Porsche 911 | $2,964 | $308 |
| 23 | Acura NSX | $3,354 | $698 |
| 24 | Audi R8 | $3,468 | $812 |
| 25 | Mercedes-Benz SL 55 | $3,474 | $818 |
| 26 | Mercedes-Benz SL 63 | $3,698 | $1,042 |
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.
| 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 |
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.
