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Porsche Taycan car insurance rates

This high-performing, all-electric car lives up to the hype — but it might be expensive to insure.

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The 2020 Taycan is Porsche’s first all-electric sports car, and early testing suggests the Taycan is every bit of high performance as the brand behind it. The Taycan will first be released in two higher performance models, the Turbo and Turbo S at $150,000 and $180,000 respectively, with more standard models to be released after 2020.

As a sporty electric car, average monthly insurance rates are expected to be between $300 and $400 a month for a standard policy. Based on the $150,000 price tag for the Taycan Turbo, this gives it an annual insurance cost-to-base ratio of around 3%, which is slightly below the national average of 4%.
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The following factors will determine vehicle-specific rates for the Taycan, though your final rate will also depend on your personal factors, such as your location and driving history.

  • Body type. The Taycan is an electric luxury sedan, which means the body type will fall under a more expensive rating category compared to a crossover SUV or standard sedan.
  • Fuel. The all-electric Taycan has a reported range of between 225 and 275 miles, depending on the battery type selected. Charging time will again depend on the charger selected, but can go from 0% to 80% in 20 minutes on a 270kw charger. While you’ll save on gas money, electric battery components can be more expensive to fix, causing a slight increase in insurance costs.
  • Theft rates. Porsche enjoys low theft rates across its many luxury models. The carmaker successfully petitioned the Department of Transportation for an exemption on the Federal Motor Vehicle Theft Prevention Standard for the 2020 Taycan, due to its antitheft features. An exemption like this is a good sign that it’s a secure vehicle.
  • Maintenance. Average annual maintenance costs for standard Porsches are typically around a few hundred dollars. Electric vehicles generally have lower maintenance costs than gas-powered vehicles, so you can expect to pay the same or less.
  • Coverage. At a price over $150,000 for the Turbo and over $180,000 for the Turbo S versions, you’ll probably want to put as much coverage as you can on the Taycan — which includes comprehensive and collision coverage. You might also want an agreed value policy, which guarantees you the full value of the car without depreciation if it’s totaled.
  • Warranty. The Taycan is covered by a standard three-year warranty, and the battery is covered under a separate eight-year warranty. Porsche also includes free roadside service in the warranty, so you can skip it on your insurance policy.
  • Manufacturer offer. There isn’t a manufacturer offer yet on the Porsche Taycan, though there will be a cheaper model of the Taycan released after the Turbo and Turbo S for around $90,000.
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Does the Porsche Taycan qualify for discounts?

Yes, it does qualify for vehicle-specific safety discounts, although the availability varies with each insurance company.

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

How reliable is the Porsche Taycan?

The Taycan doesn’t have any official safety or reliability ratings at the time of this writing, and likely never will due to its low volume. However, Porsche is known for making reliable cars.

  • Safety. The Porsche Taycan has many safety features that may help alleviate any concerns over a lack of official safety testing. Some of these features include automatic emergency braking, driver-assist features, active lane control, night-vision cameras and a surround-view camera system.
  • Reliability. The Taycan model should enjoy good reliability marks, due Porsche’s history and reputation. Its gas-powered cousin, the Porsche 911 GT3 RS Coupe, scored a 92 out of 100 for quality and reliability from J.D. Power and a 95 out of 100 overall.
  • Recalls. Porsche has issued some recalls on a few of its models between 2010 and 2017, so a recall on the Taycan isn’t out of the question.

Bottom line

The Porsche Taycan is the first all-electric sports car offered by Porsche. Its advanced safety features could give you multiple discounts on your car insurance, and Porsche’s overall reliability ratings and low theft rates help keep rates down on the Taycan.

To find the best deal on insurance for your Taycan, compare discounts and options from different insurance companies.

Frequently asked questions about the Porsche Taycan

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