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Porsche Taycan Car Insurance Rates

By David Krug 3 minute read

Early testing has revealed that the Taycan Porsche 2020 is as quick as Porsche’s own sports car, the Panamera. To begin, two high-performance trim versions will be offered for $150,000 each: Turbo and Turbo S. Regular editions will be available for $180,000 in 2020. Porsche Taycan car insurance charges for a sporty electric car should be in the $300-$400 area on a monthly basis. Annual cost-to-base insurance is around 3% for the $150,000 Taycan Turbo, which is lower than the national average of 4%.

How do I compare insurance for Taycan?

Taycan prices are determined using the following criteria, while individual factors like location and driving history have an effect on the final price.

Porsche Taycan Car Insurance Rates - Porsche Car Brand Logo
  • Body type. The Taycan is a luxury electric sedan, which means it is more costly than a typical SUV or crossover car.
  • Fuel. The all-electric range of the Taycan ranges between 225 and 275 miles, depending on the battery type. Charging time varies depending on the charger used, but can be as little as 20 minutes with a 270-kw charger. Maintaining electrical battery components is more expensive, while reducing oil use results in somewhat higher insurance premiums for consumers.

    At the moment, theft rates are extremely high. Porsche’s high-end models are notoriously difficult to steal. The Department of Transportation granted the company an exemption from the Federal Motor Vehicle Prevention Standard due to the Taycan 2020’s anti-theft features. This type of exception establishes the vehicle’s security.
  • Maintenance. Annual maintenance expenditures for a Porsche can range between several hundred and several thousand dollars. In the long term, driving an electric automobile rather than a gasoline-powered vehicle will save you money since electric vehicles require less maintenance.
  • Coverage. With a starting price of over $150,000 for the Turbo and over $180,000 for the Turbo S, there is no doubt that the Taycan will require the maximum level of coverage imaginable, including comprehensive collision coverage. A third alternative is to get agreed value insurance, which guarantees the full value of the car regardless of its depreciation, even if it is totaled.
  • Warranty. The Taycan’s battery is covered by an eight-year warranty in addition to the regular three-year warranty. Additionally, Porsche’s guarantee includes complimentary roadside assistance, which enables you to drive without acquiring insurance coverage. However, a less costly version of the Porsche Turbo and Turbo S is available for under $90,000 and lacks a Porsche Taycan manufacturer.

Does the Porsche Taycan qualify for discounts?

Although insurers offer vehicle-specific safety discounts, the availability varies by insurance.

  • Electric vehicle
  • Active restraints
  • Passive restraints
  • Airbags
  • Anti Lock brakes
  • Automatic emergency brake
  • Antitheft device

How reliable is the Porsche Taycan?

Due to the Taycan’s tiny market presence, it currently lacks authoritative security and reliability ratings. Porsche, on the other hand, is well-known for its reliability.

  • Safety. Numerous safety features on the Porsche Taycan satisfy concerns about the vehicle’s lack of rigorous safety testing. Among the features are autonomous emergency braking, as well as driver assistance, active lane control, night vision cameras, and a surround video system.
  • Reliability. Porsche’s history and reputation indicate that the Taycan will be quite reliable. J.D. Power scored the Porsche 911 GT3 RS Coupe a 92-point quality and reliability rating, as well as a 95-point overall rating.
  • Recalls. Porsche has recalled several vehicles since 2010, and the Taycan is no exception.

Bottom line

Porsche’s all-electric Taycan sports car makes its world debut at the Los Angeles Auto Show. Apart from the Porsche reliability and low robbery rate, the Taycan’s advanced security systems can help you maintain the Taycan’s insurance rates by delivering different insurance savings and insurance savings.

David Krug