The Independent’s journalism is supported by our readers. When you purchase through links on our site, we may earn commission. Why trust us?
Insuring an iconic Porsche sports car comes at a high premium cost. Rates for these prestige performance models are substantially higher than average vehicles. This guide examines Porsche car insurance in the UK and tips for finding more affordable cover.
Annual Porsche insurance premiums typically start at £1,000 for basic third-party cover and range up to £5,000 for comprehensive policies. Expect higher rates for newer and more-powerful models.
Factors that increase Porsche insurance costs include:
Key factors assessed by insurers when calculating premiums include:
Premiums are highest for drivers with recent accidents, claims, convictions and licence suspensions. Clean records help lower costs.
Daily-driver or main-vehicle policies are more expensive than those covering occasional recreational use and low annual mileage.
Secure garaging in low-crime areas and advanced security features reduce premiums significantly.
Lower coverage levels reduce premiums, but comprehensive cover is recommended. Higher excesses also cut costs if drivers can afford them.
Here are some ways to potentially lower Porsche insurance costs:
The keys to affordable Porsche insurance are optimising risk factors, leveraging discounts from specialist insurers and prudent ownership. While still expensive, exotic car ownership can be viable with wise moves.
Porsches typically sit in the highest insurance groups, ranging from 35 to 50, depending on the specific model and variants.
Comprehensive Porsche insurance costs anywhere from £1,000 to £5,000 per year, depending on the driver, mileage, usage, security, etc. Porsches are expensive to insure.
When properly maintained, Porsches have a reputation for reliability and fine engineering. But maintenance and repair costs are high.
Yes, Porsches typically hold value very well compared to other sports cars thanks to their prestige image and performance capabilities.
The most affordable Porsches to insure are generally the lower-powered Boxster and Cayman models. But premiums are still high.
Using it for recreation only, adding experienced drivers, maintaining an excellent record, improving security, limiting mileage and shopping around help reduce costs.
