Learn about the best insurance options for protecting your luxury vehicle.
State Farm is a great choice for insuring your Porsche with the best balance of affordability, coverage, and support.
USAA is known for its stellar customer service and quality support for luxury sports cars. However, it is only available to military members and their families, landing it second on our list.
Owning a Porsche is an experience that few will have. It can be an investment, a mode of transportation, and a source of pleasure. Whatever your Porsche means to you, you’ll want to make sure that you protect your vehicle with robust insurance coverage.
Insurance for luxury or sports cars like Porsches can be pricey, thanks to expensive parts and the high risk of tickets. Fortunately, we’re here to help you make the best decision for insuring your Porsche.
Best Porsche Auto Insurance Overall: State Farm
Best Porsche Auto Insurance for Military:: USAA
Best Porsche Auto Insurance for Bundlers: Liberty Mutual
Best Porsche Auto Insurance for High-Risk Drivers: Acceptance Insurance
|Category||#1. State Farm||#2. USAA||#3. Liberty Mutual||#4. Acceptance|
|What it’s best for||Overall||Military||Bundlers||High-risk drivers|
|Availability||U.S.-wide||U.S.-wide||U.S.-wide||Alabama, Arizona, California, Florida, Georgia, Illinois, Indiana, Mississippi, Missouri, Nevada, New Mexico, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia|
|J.D. Power customer satisfaction rating (out of 1,000)||847||884||825||N/A|
|Classic car coverage||Yes||Yes||Yes||No|
|Mileage tracking discount||Yes||Yes||Yes||No|
|Vehicle equipment discount||Yes||Yes||Yes||No|
|New car discount?||No||Yes||No||No|
|Rental reimbursement coverage||Yes||Yes||Yes||Yes|
|App rating (iOS and Android average)||4.7||4.6||4.8||N/A|
|Read full review||State Farm review||USAA review||Liberty Mutual review||N/A|
As America’s largest insurer, State Farm is a reliable choice for insuring all types of vehicles, including Porsches. The company’s balance of availability, flexibility, discounts, and customer service make it the best overall option for insuring your Porsche.
State Farm provides best-in-class insurance coverage for luxury vehicles. You can construct your own coverage, with the following recommended for Porsche owners:
State Farm’s baseline sports car insurance should meet the needs of most Porsche owners.
Your Porsche probably isn’t the only car you own. If that’s the case, you may put fewer miles on it, unlocking potential discounts. Tracking your driving and being smart about the way you drive can help you save big on your State Farm premiums.
The average car owner in the United States drives 13,476 miles per year, according to the Federal Highway Administration.2 That’s 37 miles a day!
If you drive significantly less than that, you’ll qualify for up to a 30 percent discount on your auto insurance through State Farm. If you drive your Porsche only occasionally, you should sign up for Drive Safe & Save. Here’s how it works:
Not only can you save based on miles driven, but also based on your driving habits like speed and acceleration. State Farm calculates your discount based on new data at each policy renewal. Note that this discount is not available in the state of California.
Car insurance for a Porsche is expensive, but State Farm saves you money by discounting your premiums based on features your vehicle already has.
Newer Porsches like the Porsche 911, the Porsche Panamera, and the Porsche Cayenne come with modern safety features that reduce both the likelihood and the severity of accidents, including the following:
These features help protect you and the people you care about. Not only are safety features smart to have in the event of an accident, but they can also help you save on your State Farm average cost of insurance. Report all the safety features of your Porsche and you’ll earn a safe vehicle discount.
The discount applies to after-market safety add-ons such as anti-theft devices and adaptive headlights as well as original equipment. Learn more about how to lower your insurance premium.
If you or a family member are in the military, then you could have access to USAA’s best-in-class coverage for luxury cars like Porsches.
Classic car insurance is important to have if you own a vintage or restored Porsche. Typical car insurance takes factors like age, depreciation, and mileage into account when assessing the value of a damaged car. However, a regular car insurance policy doesn’t tell the full story with a classic car, which may contain modifications and a history that make it worth far more than its depreciated value. In other words, classic cars do not depreciate in value the same way as standard cars.
USAA’s dedicated classic car insurance team partners with American Collectors Insurance to provide great service and pricing for vintage Porsche owners. The company’s classic car insurance includes the following:
There’s no better option for insuring your vintage or restored Porsche.
USAA rewards loyalty in its membership in multiple ways. That loyalty is reflected back — the company’s customer retention is 96 percent, among the highest in the industry5. If you stick with USAA for three or more years, you’ll earn a loyalty discount of up to 10 percent on your future premiums.
The same discount applies if your family has had a USAA membership for at least three years. In that case, family members of policyholders can apply for a discount on their first individual auto insurance policies as long as they are under 25 and have clean driving records. Porsche owners who plan to stick with a company long-term and want their family to save will love USAA’s loyalty discounts.
Your Porsche may not be the only luxury mode of transportation that you own. If you own a boat or a personal aircraft as well, you can save money by bundling insurance coverages with USAA.
Consolidate your coverage with USAA to unlock bundling discounts of up to 10 percent. Best of all, all your policies will live under a single insurance provider, making policy management and customer support a breeze.
If you consolidate multiple types of insurance coverage with Liberty Mutual, you’ll earn some serious discounts without sacrificing quality protection for your Porsche.
You’ll qualify for significant savings by consolidating your coverage for other vehicles or assets with Liberty Mutual. Liberty Mutual is a full-service insurance provider that underwrites policies for the following categories:
Liberty Mutual allows you to bundle two or more of these insurance policies to earn a multipolicy discount. Your exact savings depend on your location and needs, but Liberty Mutual claims you will save at least $947 per year by bundling home and auto policies.
Not only will you save money by bundling, but you’ll also avoid the hassle of managing multiple policies under different providers. Additionally, bundling can make the claims process easier by providing a single point of contact, no matter which policy pays out your claim.
You should definitely consider Liberty Mutual’s umbrella insurance if you own a Porsche and insure it with the company. Umbrella insurance covers additional liability over and above the limits of your vehicle and home insurance policies.
Umbrella insurance is best for those with significant assets that someone could take away. It kicks in when you exceed your other policy limits, or during a situation that your other liability policies may exclude, like libel or false arrest. Porsche owners may own other valuable assets and need to protect themselves.
Liberty Mutual’s umbrella insurance starts at $1 million in coverage, and if you bundle umbrella insurance with your other Liberty Mutual policies, you’ll earn a discount.
Liberty Mutual is the only company on our list that offers a paid-in-full discount. This means you will earn a deduction on your premium if you pay it in one or two payments, rather than in three or more installments. If you can afford to front the cash, this discount is a great way to save on your Porsche’s insurance without sacrificing quality.
You may not have heard of Acceptance, but its name says it all— the company accepts drivers with spotty driving and credit histories.
Acceptance specializes in covering drivers with incidents on their records, such as DUI/DWIs, moving violations, or multiple at-fault accidents. Many other insurance companies outright reject such drivers without consideration, especially if the driver needs an SR-22 or FR-44 form.
Rest assured that Acceptance will work with you to offer a policy that is both affordable and comprehensive. Not only that, but the company will also provide tips for improving your driving, which can lower your premiums when it’s time to renew. Be prepared to pay more initially if you have a record, however; high-risk drivers pay up to 69 percent more than those with spotless driving histories6.
You may not own your Porsche outright. For example, perhaps you are borrowing a luxury car from a family member who doesn’t drive it often. Insurance companies consider such situations nonstandard, meaning that they may refuse to cover you. Rather, you’d need to establish that you have an insurable interest — that is, a level of ownership — in your borrowed Porsche.
Fortunately, Acceptance offers non-owner insurance that will cover you in those situations. Such policies typically provide basic liability coverage to protect you and your assets in the event of an at-fault accident. The details depend on your exact situation, so reach out to the company and speak to an expert in non-owner policies.
Acceptance’s roadside assistance is one of the best in the industry. Towbusters Plus, its add-on service, provides jumpstarts, tows, spare tire installations, and gas, oil, and coolant delivery. Acceptance also offers the regular Towbusters plan. Here is what each plan includes:
|Battery service and mechanical aid (minor adjustments only)||Yes||Yes|
|Gas, oil, or coolant delivery (materials not included)||Yes||Yes|
|Legal fees (if a traffic ticket sends you to court)||Not included||$200|
|Maximum number of claims covered per year||5||5|
|Out-of-network towing reimbursement||$75||$75|
|Rental reimbursement maximum||Not included||10 days, $25/day|
|Spare tire installation||Yes||Yes|
|Towing||25 miles||25 miles|
|Tows and jumpstarts||Yes||Yes|
|Traffic school reimbursement (if the DMV requires you to attend)||Not included||$250|
|Traffic ticket reimbursement||Not included||$100 up to twice a year|
Here at AutoInsurance.com, we base our Porsche auto insurance recommendations on a methodology that takes the following data points into account:
There is no Porsche-specific insurance coverage; rather, you will want to purchase policies for luxury and/or sports cars that have high coverage limits. Note that you will want specific classic car coverage if you own a vintage Porsche, which provides for factors like depreciation (or lack thereof).
You need insurance coverage for your Porsche if you drive it at all (in every state except New Hampshire and Virginia), even infrequently, but the coverage you purchase depends on how often you drive it. If driving your Porsche is a special treat, you’ll want to select a company that takes mileage into account when it determines your premium. That way, you won’t pay for more coverage than you need.
Here is the average annual insurance cost for 911 Coupe and Convertible Porsches, according to Edmunds:
|Make||Average annual cost of insurance (near zip code 11201)|
|911 Carrera S 2-Door Coupe||$1,693.60|
|911 Carrera 4S 2-Door Coupe AWD||$1,693.60|
|911 Carrera 2-Door Coupe||$1,593.60|
|911 Carrera 4 2-Door Convertible||$1,593.60|
|911 Carrera S 2-Door Convertible||$1,859.40|
|911 Carrera 4s 2-Door Convertible AWD||$1,859.40|
|911 Carrera 2-Door Convertible||$1,796.60|
|911 Carrera 4 2-Door Convertible AWD||$1,796.60|
But this number can vary depending on a number of factors:
Each insurance company defines sports cars differently. Typically, a provider will take the following factors into account when determining whether or not a vehicle is a sports car:
This means that insurance companies may define certain Porsche models as sports cars (such as the 911), and others as luxury cars (like the Cayenne). This matters because some companies require specific coverage limits for sports cars.
Used 2020 Porsche 911 Cost to Own. Edmunds. (2022). https://www.edmunds.com/porsche/911/2020/cost-to-own/
Average Annual Miles per Driver by Age Group. OHPI. (2022). https://www.fhwa.dot.gov/ohim/onh00/bar8.htm
Drive Safe & Save™ Mobile for your smartphone. State Farm. (2022). https://www.statefarm.com/customer-care/download-mobile-apps/drive-safe-and-save-mobile
Porsche Active Safe. Porsche Irvine. (2022). https://www.porscheirvine.com/research/porsche-active-safe.htm
Why USAA is The Most Beloved Financial Brand on Earth. The Financial Brand. (2022). https://thefinancialbrand.com/news/loan-growth/usaa-financial-brand-loyalty-customer-satisfaction-75192/
High Risk Auto Insurance. Acceptance Insurance. (2022). https://www.acceptanceinsurance.com/our-products/auto-insurance/high-risk-auto-insurance/