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Owning an iconic Porsche sports car comes with high insurance costs. Premiums for these prestige performance models are substantially higher than for the average vehicle.
This guide examines Porsche car insurance in the UK and provides tips for finding more affordable cover.
Annual Porsche insurance premiums on average 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.
Some of the factors that increase Porsche insurance costs are:
Key factors assessed by insurers when calculating premiums include:
Premiums are highest for drivers with recent accidents, claims, convictions and licence suspensions. Having a clean record helps 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 having advanced security features on your car reduce premiums significantly.
Opting for lower coverage levels reduces premiums, but comprehensive cover is recommended. Increasing excesses can also cut costs if drivers can afford them.
Here are some ways you could lower your Porsche insurance costs:
While a Porsche’s insurance costs will always be more expensive than the average car, owning such a vehicle can still be viable. Shopping around and consulting price comparison websites, enquiring about discounts and optimising your car’s safety features can all contribute to lowering your premiums.
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.
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 and high performance.
The most affordable Porsches to insure are generally the lower-powered Boxster and Cayman models, but their premiums can still be high, compared with lower-powered vehicles.
