Porsche Taycan Insurance Cost


Enter your ZIP code to get started

Shield

Free. Simple. Secure.

Key Takeaways

blueCheck icon

State Farm provides the most affordable annual minimum coverage rate of $479 across all Porsche Taycan model years.

blueCheck icon

For a Porsche Taycan, the average annual cost is $732 for minimum coverage and $2,939 for full coverage.

blueCheck icon

MoneyGeek analyzed data and 896 Porsche Taycan insurance quotes from Quadrant Information Services to ensure accurate insights.

Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Why do we need ZIP code?

Porsche Taycan Insurance Rates

The annual full coverage insurance cost for a Porsche Taycan ranges from $1,315 to $13,163. Rates vary greatly based on the car's model year, your age, where you park, your driving history, the coverage level and the insurer. MoneyGeek breaks down Porsche Taycan insurance costs and coverage, providing insights into the best companies and cheapest insurers.

What Is the Average Porsche Taycan Car Insurance Cost?

The average full coverage insurance cost for a Porsche Taycan is $245 per month or $2,939 per year, based on a 40-year-old male with a clean driving record. Minimum coverage costs about $61 monthly or $732 annually.

Minimum Coverage$732
Full Coverage$2,939

Porsche Taycan Insurance Costs by Company

Porsche Taycan insurance costs range from $1,318 to $4,938 per year, varying by age, model year and coverage level. The table below shows how these rates compare to averages for all vehicles from various providers.

Allstate$4,287$1,803138%
Auto-Owners$1,808$1,22548%
Farmers$4,938$1,947154%
GEICO$1,318$1,331-1%
Kemper$3,151$2,20843%
Nationwide$2,397$1,58551%
Progressive$3,723$1,737114%
State Farm$2,366$1,26687%
Travelers$2,809$1,51785%
USAA$3,449$1,193189%

Cost of Insuring a Porsche Taycan by Model Year

The year your Porsche Taycan was produced can impact your insurance rates, with older models often costing less. For example, a 2020 model has a full coverage rate of $3,070, while a 2022 model costs $2,858 annually. Below are the average full and minimum coverage rates by production year.

2022$692$2,858
2021$696$2,898
2020$861$3,070

Porsche Taycan Insurance Costs by Driver Age

Porsche Taycan insurance rates vary significantly depending on the driver's age. For example, the average annual full coverage rate is $2,942 for 40-year-olds compared to $13,163 for 16-year-olds. Below are the average full and minimum coverage rates for drivers of different ages.

16$3,543$13,163
17$2,852$10,651
18$2,554$9,467
19$1,817$6,696
20$1,642$6,116
21$1,242$4,855
22$1,136$4,489
23$1,055$4,199
24$1,002$3,995
25$891$3,575
26$859$3,469
27$836$3,391
28$822$3,333
29$809$3,281
30$784$3,145
35$756$3,017
40$750$2,942
45$745$2,886
50$722$2,777
55$699$2,686
60$696$2,678
65$767$2,768
70$829$2,944
75$930$3,254
80$1,047$3,600
85$1,128$3,886
90$1,193$4,094

Porsche Taycan Insurance Rates Explained

A driver’s car insurance rate depends on their profile, but providers also consider factors related to the vehicle. Below is a breakdown of cost factors like make, model, age and safety features.

Porsche Taycan Rates vs. National Average

car2
All Vehicles

Average Full Coverage Rate

$1,296
car2
Porsche Taycan

Average Full Coverage Rate

$2,939
Premiums for Porsche Taycan are:$1,643 more

This is 127% more expensive.

    coins2 icon

    Value

    The Porsche Taycan's $196,550 MSRP classifies it as a luxury electric car. Its high value can result in higher insurance costs.

    excellentCredit icon

    Performance

    The Porsche Taycan’s 0-to-60 time of 2.4 seconds and 321 to 616 horsepower make it a high-performance vehicle, which may raise insurance costs due to higher risk.

    gasCard icon

    Fuel type

    The Porsche Taycan is an electric vehicle, which can lead to higher insurance costs due to battery costs and limited repair shops. Insurers consider these when setting premiums.

    car icon

    Vehicle age

    Newer Porsche Taycans tend to be more expensive to insure than older models. However, collector and classic vehicles can be exceptions, often carrying higher insurance costs.

    hammer icon

    Safety features

    Safety features like stability control, airbags and antilock brakes can earn insurance discounts. The Porsche Taycan’s advanced safety features help reduce accident risks.

    car2 icon

    Vehicle size

    Larger vehicles often cost more to insure due to higher property damage risk. The Taycan’s size and weight of 5,199 lbs may impact its insurance costs compared to other Porsche models.

    carVsCar icon

    Trim level

    Higher trim levels with premium upgrades lead to a higher MSRP and insurance costs. The Porsche Taycan's higher trims cost more to insure than the base model.

    handcuffs2 icon

    Anti-theft features

    Vehicles with anti-theft features may qualify for lower premiums. The Porsche Taycan's advanced anti-theft features can help reduce insurance costs.

Cheapest Porsche Taycan Insurance

State Farm offers the cheapest minimum coverage rate for a Porsche Taycan at $479 per year, based on a 40-year-old male driver with a clean record. Below is a breakdown of the most affordable car insurance across coverage levels, age groups, driving records, model years and more.

Cheapest Porsche Taycan Insurance by Coverage Level

The coverage level you choose greatly affects your Porsche Taycan insurance rate. State Farm offers the lowest average minimum coverage rate, while GEICO has the cheapest full coverage. Below is a breakdown of the most affordable providers for each type.

Cheapest Porsche Taycan Minimum Coverage

State Farm offers the cheapest minimum coverage for a Porsche Taycan at $40 per month. GEICO, Allstate and Travelers follow at $41, $47 and $49, respectively.

USAA$31$372
State Farm$40$479
GEICO$41$489
Allstate$47$560
Travelers$49$587
Progressive$58$696
Nationwide$102$1,224
Farmers$109$1,308

*State Farm offers non-military-affiliated Porsche Taycan owners the lowest average minimum coverage insurance rate. USAA is the most affordable option for military-affiliated drivers.

Best Porsche Taycan Insurance Rates by Model Year

Because the above list doesn't account for the model year, you might find lower rates depending on your vehicle's age. Filter the table below to find the cheapest minimum coverage rates for every Porsche Taycan production year.

Data filtered by:Results filtered by:
Select
Model Year:2020
Allstate$564$47
Farmers$1,315$110
GEICO$492$41
Nationwide$2,433$203
Progressive$723$60
State Farm$475$40
Travelers$592$49
USAA$385$32

*USAA is available only to military veterans, active service members and their families.

Cheapest Full Coverage Porsche Taycan Insurance

GEICO offers the cheapest full coverage insurance for a Porsche Taycan at $110 monthly or $1,315 annually. Below is the complete list of full coverage providers and rates.

GEICO$110$1,315
Nationwide$190$2,277
State Farm$190$2,279
Travelers$228$2,739
USAA$268$3,211
Progressive$296$3,550
Allstate$341$4,094
Farmers$389$4,666

Cheapest Porsche Taycan Insurance by Age

Younger drivers aged 16 to 25 and seniors 55 and up often pay higher Porsche Taycan insurance rates. Below is a breakdown of the cheapest options by age.

Cheapest Porsche Taycan Insurance for Young Drivers

Porsche Taycan drivers aged 16 to 25 can find the cheapest insurance with State Farm, with minimum coverage costing $87 monthly or $1,041 annually. Below is a table listing the complete range of affordable car insurance rates for young adults.

USAA$63$758
State Farm$87$1,041
GEICO$95$1,140
Travelers$101$1,210
Allstate$101$1,217
Progressive$167$2,005
Nationwide$291$3,493
Farmers$297$3,561

*State Farm is the cheapest insurer for young non-military-affiliated drivers. USAA is the most affordable option for military-affiliated drivers.

Cheapest Porsche Taycan Insurance for Seniors

State Farm offers the cheapest car insurance for seniors 55 and up at $525 annually or $44 monthly. See the full list of cheap Porsche Taycan insurers below.

USAA$41$487
State Farm$44$525
GEICO$48$579
Allstate$55$659
Travelers$58$696
Progressive$71$849
Nationwide$121$1,455
Farmers$155$1,863

*State Farm is the cheapest insurer for non-military-affiliated senior drivers. USAA is the most affordable option for military-affiliated drivers.

Cheapest Porsche Taycan Insurance After an Accident

State Farm, Allstate and GEICO offer Porsche Taycan drivers the most affordable insurance after an accident. Explore the complete list of providers below.

USAA$46$554
State Farm$50$600
Allstate$62$740
GEICO$64$769
Travelers$70$841
Progressive$93$1,111
Nationwide$163$1,960
Farmers$246$2,955

*State Farm provides the lowest rates for non-military-affiliated, at-fault Porsche Taycan drivers. USAA is the most affordable option for military-affiliated drivers.

Porsche Taycan Insurance Cost: Bottom Line

Compare rates from different providers to find the cheapest car insurance. This article covers Porsche Taycan insurance costs across demographics and highlights affordable providers.

Porsche Taycan Insurance Rates: FAQ

Below are answers to common questions about Porsche Taycan insurance costs, helping you understand what affects your rates and coverage options.

What company has the cheapest car insurance for a Porsche Taycan?

What is the average cost of car insurance for a Porsche Taycan?

Porsche Taycan Insurance Ratings: Our Review Methodology

MoneyGeek analyzed data and 896 Porsche Taycan insurance quotes from Quadrant Information Services.

Drivers and Cars

MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a Porsche Taycan:

  • 40-year-old male
  • Clean driving record
  • 12,000 miles driven annually

We also modified the sample driver profile to determine Porsche Taycan insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022

If data on specific model years wasn't available, our data scientists estimated rates based on how insurers typically price car models each year. The published rates are estimates and may not reflect the rate you'll receive for your Porsche Taycan.

Coverage Levels

Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.

MoneyGeek’s analysis includes average full coverage policy rates with comprehensive and collision coverage (with a $1,000 deductible) and increased liability limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $100,000 property damage liability per accident

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.

Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!

Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.


MoneyGeek Address:1325 Howard Ave, Suite 338
Burlingame, CA 94010

MoneyGeek Phone:904-878-4335



Copyright © 2025 MoneyGeek.com. All Rights Reserved