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What our users say:

March 31
Customer experience was great
Customer experience was great, the agent had all my information and transferred ...
William Douglas
March 31
Great communication
Great communication, quick service.
STEPHEN Lastname
March 29
Contacting back
Contacting back
Leslie Castor
March 29
Friendly fast service
Friendly fast service
Brian Maxwell
March 28
fast and efficiant
fast and efficiant
Robert Lutala Lastname
March 28
The representative was very helpful & knowledgeable
The representative was very helpful
Arun Manchanda
March 27
Awesome Experience
They were helpful and gave me what I needed in order to get the quote and then t...
TERISA Brooks
March 27
Smoothe as silk
Smoothe as silk. Knew what I wanted right away. Not a second wasted.
Mike
March 26
Cassie is a fantastic representative…
Cassie is a fantastic representative she got back to me and covered all the deta...
Alex Stevens
March 25
Had a great experience as of now
Had a great experience as of now Always trying to help me
R.C.
March 24
The representatives are fantastic
The representatives are fantastic. Excellent experience!!
Kelsi MacIsaac
March 23
The people
The people. Polite, knowledgeable and had a customer service attitude.
David Campbell
March 22
Great Rate
Perfect at finding great rate. Only negative would be the wait time in the phone...
Ron Beauchamp
March 21
Efficiency and Trust worthy
Efficiency and Trust worthy, Excellent customer care and hardworking staffs.
Randy Nyeche woluchor
March 20
EXcellent service while obtaining quote
EXcellent service while obtaining quote
harvey scott
March 18
Useful information can be found
Useful information can be found
Sadoum Tim
March 18
Very helpful and friendly.
Very helpful and friendly.
Larry Haynes

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Porsche auto insurance: what you need to know.

The name needs no introduction: Porsche is synonymous with luxury. The German manufacturer has deep roots in the automotive world, and is known for producing high-performance sports cars, SUVs and sedans. Porsches are high profile and expensive, and they’re fairly rare—Porsche reported selling just over 9,000 vehicles in Canada in 2019 compared to more than 288,000 vehicles sold by Ford, the country’s best-selling brand.

Because the Insurance Bureau of Canada only publishes statistics on car models with more than 1,500 vehicles registered for insurance nationwide, Porsche auto insurance data is more limited compared to mass-produced (and more affordable) brands. Just like the vehicle’s retail price, the average Porsche insurance cost is typically more expensive than premiums you would pay on a standard car.

How much is insurance for a Porsche?

Generally speaking, it costs more to insure sports cars and luxury vehicles—Porsche insurance coverage is no exception. Porsche insurance rates are more expensive for three main reasons:

  • Porsches are relatively rare: Having less data on collision, comprehensive, direct compensation property damage and accident benefit claims makes your Porsche car insurance more risky in the eyes of insurers.
  • Porsches are expensive: They’re engineered with custom parts and finishings. If you’re involved in a collision and your car needs repair, Porsche insurance claims can cost more because auto body shops may need to order expensive genuine Porsche parts.
  • Porsches are high-powered: More horsepower means quicker acceleration and higher speeds.This makes Porsches more at risk for accidents, which means higher Porsche insurance costs. In particular, vintage or antique models might not have the same advanced safety features as modern models.

Estimated Premium

Front view of a car. Illustration.

See how our customers with collision coverage save big on auto insurance.

CustomerLocationVehicleLowest rateAverage rateSaved
Quote from March 31, 2025
Customer
Female, 44 years old
Location
ontario
Vehicle
2006 PORSCHE CAYENNE S 4DR AWD
Lowest Rate
$240/mth
$2,877/yr
Average Rate
$311/mth
$3,733/yr
Saved
$71/mth
22.93%
Quote from March 31, 2025
Customer
Male, 29 years old
Location
ontario
Vehicle
2020 PORSCHE 718 CAYMAN GTS 2DR
Lowest Rate
$293/mth
$3,513/yr
Average Rate
$485/mth
$5,819/yr
Saved
$192/mth
39.63%
Quote from March 29, 2025
Customer
Female, 45 years old
Location
ontario
Vehicle
2019 PORSCHE CAYENNE V6 4DR AWD
Lowest Rate
$813/mth
$9,756/yr
Average Rate
$1,050/mth
$12,605/yr
Saved
$237/mth
22.60%

Auto insurance quotes are compared from CAA, Coachman Insurance Company, Economical Insurance, Gore Mutual, Pafco, Pembridge, SGI, Travelers, Zenith Insurance Company

Your questions about Porsche auto insurance rates, answered.

What is the cheapest Porsche to insure?

According to Porsche, the most popular models sold in Canada are the Macan, Cayenne, 911, Panamera, 718 Boxster and 718 Cayman. Just as there’s no such thing as a “cheap” Porsche, there’s no such thing as cheap Porsche insurance. The cost of Porsche insurance in Canada depends on a few things, including the particular model, sticker price, safety features and repair or replacement costs. The cheapest Porsche car insurance would likely be for a sedan or SUV with strong safety ratings and safety features that costs less to repair or replace, compared to a rare sports car.

Data on Porsches from the Insurance Bureau of Canada is slim compared to other brands. However, the bureau’s How Cars Measure Up report found that some Porsche models have higher relative claim costs compared to the national average. In particular, the Cayan 4DR AWD (2004-2017) and Macan 4DR AWD (2015-2018) models have higher relative costs for collision claims, comprehensive claims and direct compensation property damage claims. Overall, this translates to higher Porsche car insurance rates. However, Porsches ranked average or below average in the accident benefits claims category.

When it comes to the cheapest Porsche to insure, there isn’t much you can do to negate the fact that Porches are high-performance vehicles with expensive parts. However, there are a few things you can do to find the best car insurance rates for Porsches and help lower your premiums:

  • Choose a higher deductible: One common way to reduce monthly car insurance premiums is to choose the highest deductible you can afford.
  • Designate it as a secondary car: If your Porsche isn’t your primary vehicle and you don’t use it for everyday driving, you might qualify for lower premiums based on restricted mileage.
  • Modifications: Any and all modifications should be reported to your insurer, but some safety modifications such as adding winter tires or installing an anti-theft device like an immobilizer may help bring down your premiums.

Used vs. new Porsches: which is cheaper to insure?

Generally speaking, newer vehicles cost more to insure than older ones because it’s more expensive to repair or replace a new car. However, new vs. old is just one of several variables that influence insurance costs. The term “cheaper” is always relative when it comes to Porsche car insurance prices—if your used Porsche is still expensive to replace or requires specialty parts, Porsche used car insurance may not be significantly cheaper.

If you’re driving an older or vintage model that’s rare and has a higher value, Porsche vehicle insurance will likely cost more. If your Porsche is vintage, antique or a collector car, you might want to consider classic car insurance. This type of insurance takes into account replacement value and possible appreciation for rare cars. Depending on usage and storage, classic car insurance may save you money on premiums compared to standard car insurance.

Because insurance is more expensive for this particular brand in general, it’s important to compare Porsche insurance across different brokers to find the best price for your new or used vehicle.

What is the best car insurance for a Porsche?

The best car insurance for a Porsche depends on your needs and how you use your vehicle. Because Porsche car insurance can be more expensive, it’s important to gather at least three different Porsche insurance quotes from different brokers so you can compare deductibles, coverage limits and exclusions. There are also several officially recognized Porsche car clubs across Canada, and fellow Porsche enthusiasts may be able to point you toward helpful Porsche insurance reviews or a Porsche insurance broker.

Beyond the cost of insurance premiums, it’s also important to ask your insurance company exactly how Porsche insurance policy claims will be handled. With an exotic and expensive car like a Porsche, you’ll want to see if they’ll allow you to have your car repaired by your preferred Porsche dealer, and if repairs will include sourcing genuine Porsche parts.

How auto insurance quotes for Porsches are calculated

Insurance companies calculate auto insurance rates based on a few factors, including your age, gender, location, daily mileage, driving history and how comprehensive the policy is (more comprehensive = more expensive). For example, young drivers tend to pay more for car insurance than experienced drivers with a clean record, so Porsche insurance for young drivers will certainly be more expensive. Likewise, a history of racking up speeding tickets with a high-powered sports car means your insurance rates will go up if you’re looking for a Porsche insurance renewal.

If you can afford a Porsche, buying insurance should absolutely be part of your budget. Start by comparing Porsche insurance online to find the best coverage to protect your expensive asset.

Is it safe to buy Porsche insurance online?

Shopping for Porsche insurance online is safe and fast.

If you’re in the market to buy or your current Porsche insurance is close to renewal, our secure online tool will provide multiple quotes for Porsche insurance from Canada’s leading insurance companies. It takes most of our users three minutes or less.

After you receive your quotes, we’ll connect you with the agent or broker with your best Porsche insurance rate.

On average, LowestRates.ca users are able to lower their car insurance bill by 30%. Compare Porsche insurance quotes today and find out how much you can save.

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