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.
Porsche Taycan Insurance Cost
Updated: April 11, 2025
Key Takeaways
State Farm provides the most affordable annual minimum coverage rate of $479 across all Porsche Taycan model years.
For a Porsche Taycan, the average annual cost is $732 for minimum coverage and $2,939 for full coverage.
MoneyGeek analyzed data and 896 Porsche Taycan insurance quotes from Quadrant Information Services to ensure accurate insights.
Porsche Taycan Insurance Rates
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 | $1,803 | 138% |
| Auto-Owners | $1,808 | $1,225 | 48% |
| Farmers | $4,938 | $1,947 | 154% |
| GEICO | $1,318 | $1,331 | -1% |
| Kemper | $3,151 | $2,208 | 43% |
| Nationwide | $2,397 | $1,585 | 51% |
| Progressive | $3,723 | $1,737 | 114% |
| State Farm | $2,366 | $1,266 | 87% |
| Travelers | $2,809 | $1,517 | 85% |
| USAA | $3,449 | $1,193 | 189% |
Read more: Best Car Insurance Companies
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
All Vehicles
Average Full Coverage Rate
$1,296Porsche Taycan
Average Full Coverage Rate
$2,939Premiums for Porsche Taycan are:$1,643 more
This is 127% more expensive.
Value
The Porsche Taycan's $196,550 MSRP classifies it as a luxury electric car. Its high value can result in higher insurance costs.
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.
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.
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.
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.
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.
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.
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 auto insurance rates for Porsche Taycan drivers
| 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?
State Farm is the cheapest insurance provider for a Porsche Taycan, offering an annual minimum coverage rate of $479.
What is the average cost of car insurance for a Porsche Taycan?
The average annual insurance cost for a Porsche Taycan is $732 for minimum coverage and $2,939 for full coverage.
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, 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.