Porsche car insurance

Why do Porsche cars cost so much to insure?

Because Porsches are expensive cars to buy, this makes them expensive cars to replace or repair. Sports cars and luxury vehicles tend to have high repair costs as the finishes in these vehicles are often much more expensive than the materials used in more moderately-priced cars.

Powerful engines mean Porsche cars can really shift which in turn means they typically find themselves in higher insurance groups – hence the higher insurance premiums. Other factors such as where you live, whether your car is kept off-road overnight and your age and driving history could affect your premium.

You may live near a traffic black-spot or in a postcode where cars are more frequently stolen, and that could also drive your premium higher.

Insurers will take into account several other factors when deciding your premium, such as any no-claims discount; the age of your car; whether you are married or single; your car’s safety rating and anti-theft precautions; your credit history and profession; and the annual miles you drive.

Porsche Panamera

The Porsche Panamera was introduced as a result of Porsche's successful entry into the Sports Utility Vehicle (SUV) market in the early noughties. The Cayenne was a huge triumph for Porsche so they thought a four-door sedan would fit nicely with its existing model line-up.

The Panamera was unveiled in 2009 and came in three variations: S, 4S and Turbo. All three had 4.8-litre V8 engines, with 400hp for the S and 4S, and a turbocharged mill with 500hp for the Turbo.

In 2014, the Panamera S E-Hybrid came out, offering plug-in capability, a new lithium-ion battery, and better performance from a 95hp electric motor. The more powerful motor allowed drivers to stay in electric-only mode up to 84mph.

The second generation Panamera was launched in 2017 and the company continues to improve each year on its successful formula. Given the horsepower the Panamera is able to generate, insurance premiums are not cheap – you are looking at an average premium of £2,057*.

Porsche Taycan

This is the first all-electric vehicle made by Porsche. First manufactured in 2019, there are 3 models available including the Sports Saloon, Sport Turismo and Cross Turismo. You can also choose different specification after this including the 4S, GTS, Turbo and Turbo S Sport.

The entry-level Porsche Taycan uses its electric motor to produce a top speed of 143mph and it does 0-62mph in just 5.4 seconds.

Insurance premiums can vary depending on the model you select, but most come in over £1000*. The Porsche Taycan 4S with performance battery plus option will cost £1,557* to insure on average.