Insurance
Burning Brakes
Joined: Feb 2016
Posts: 804
Likes: 771
From: San Diego
I just got a quote for my soon to be ordered Turbo. $500/month. No accidents. Multi-line policy with State Farm, etc. I was in shock. They also raised my Cayenne Turbo coverage by 15% based on market dynamics/inflation here in California.
Does anyone know if Porsche Auto covers California? Any thoughts on using them instead?
Does anyone know if Porsche Auto covers California? Any thoughts on using them instead?
Rennlist Member
Joined: Mar 2015
Posts: 687
Likes: 409
From: SoCal
Porsche Auto Insurance is temporarily not writing new policies in CA... I've checked every day for a month to no avail. I was forced to go with State Farm at $375/month for a C2, however, I was also forced to accept a 15 day waiting period before the insurance kicks in. Geico, Progressive, and AAA all quoted insane premiums (Geico was close to $1500 a month). I'm married with no points and a small comp claim over 5 years ago. Hagerty and Toggle were closer to $500/month but Hagerty wanted $1000 down.
Last edited by 3uros; Apr 16, 2024 at 02:14 PM.
Rennlist Member
Joined: Apr 2018
Posts: 489
Likes: 272
Are these extraordinary high rates a California thing? I live in the Midwest. When I got a quote for adding a 992 turbo to my policy, it was about $220 a month additional w Geico. My turbo is coming in a couple of months.
Rennlist Member
Joined: Mar 2019
Posts: 1,084
Likes: 341
From: USA
Porsche Auto Insurance is temporarily not writing new policies in CA... I've checked every day for a month to no avail. I was forced to go with State Farm at $375/month for a C2, however, I was also forced to accept a 15 day waiting period before the insurance kicks in. Geico, Progressive, and AAA all quoted insane premiums (Geico was close to $1500 a month). I'm married with no points and a small comp claim over 5 years ago. Hagerty and Toggle were closer to $500/month but Hagerty wanted $1000 down.
At least GEICO is consistent: I'm in FL, and GEICO quoted me 20,000 per year; PAI is only 3,000 per year. . . you probably don't want State Farm either, based on what a local (FL) body shop told me: State Farm is the worst in getting repairs paid for: there's a class action lawsuit against them in FL and GA for non-payment of labor to repair Porsches.
(Part of me almost wonders if this is a conspiracy to drive Porsche 911 prices down: make them uninsurable, or too expensive to insure, and therefore undriveable by most)
Racer
Joined: Jun 2021
Posts: 287
Likes: 253
From: ATX
As mentioned above, if you drive less than 10,000 miles per year, you should look into Mile Auto Insurance, which is the actual insurer for Porsche Auto Insurance. . .
At least GEICO is consistent: I'm in FL, and GEICO quoted me 20,000 per year; PAI is only 3,000 per year. . . you probably don't want State Farm either, based on what a local (FL) body shop told me: State Farm is the worst in getting repairs paid for: there's a class action lawsuit against them in FL and GA for non-payment of labor to repair Porsches.
(Part of me almost wonders if this is a conspiracy to drive Porsche 911 prices down: make them uninsurable, or too expensive to insure, and therefore undriveable by most)
At least GEICO is consistent: I'm in FL, and GEICO quoted me 20,000 per year; PAI is only 3,000 per year. . . you probably don't want State Farm either, based on what a local (FL) body shop told me: State Farm is the worst in getting repairs paid for: there's a class action lawsuit against them in FL and GA for non-payment of labor to repair Porsches.
(Part of me almost wonders if this is a conspiracy to drive Porsche 911 prices down: make them uninsurable, or too expensive to insure, and therefore undriveable by most)
Racer
Joined: Dec 2021
Posts: 414
Likes: 356
As mentioned above, if you drive less than 10,000 miles per year, you should look into Mile Auto Insurance, which is the actual insurer for Porsche Auto Insurance. . .
At least GEICO is consistent: I'm in FL, and GEICO quoted me 20,000 per year; PAI is only 3,000 per year. . . you probably don't want State Farm either, based on what a local (FL) body shop told me: State Farm is the worst in getting repairs paid for: there's a class action lawsuit against them in FL and GA for non-payment of labor to repair Porsches.
(Part of me almost wonders if this is a conspiracy to drive Porsche 911 prices down: make them uninsurable, or too expensive to insure, and therefore undriveable by most)
At least GEICO is consistent: I'm in FL, and GEICO quoted me 20,000 per year; PAI is only 3,000 per year. . . you probably don't want State Farm either, based on what a local (FL) body shop told me: State Farm is the worst in getting repairs paid for: there's a class action lawsuit against them in FL and GA for non-payment of labor to repair Porsches.
(Part of me almost wonders if this is a conspiracy to drive Porsche 911 prices down: make them uninsurable, or too expensive to insure, and therefore undriveable by most)
Porsche 2024 911 T $128.07
I do have home insurance coverage with them also,it seems to me the rates might be based on zip codes.
Racer
Joined: Oct 2019
Posts: 418
Likes: 283
From: Hampton Roads, VA
These rates folks are saying are just insane. Especially since most of us are adding the 911 and not using it as our only car.
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Drifting
Joined: Aug 2004
Posts: 3,423
Likes: 1,930
From: new york
The whole insurance market is insane now. I think I will go with Hagerty, in fact I'm even afraid to get a quote for the car from my regular insurance company - because I don't want to let them know I am trying to insure this car, they might balloon the rates on my daily drivers as "punishment" or decide to drop me entirely.
Intermediate
Joined: Feb 2023
Posts: 48
Likes: 62
From: Seattle, WA
2024 911 Carrera S $159/mo
Rennlist Member
Joined: Mar 2024
Posts: 192
Likes: 47
From: ATX
thx
Rennlist Member
Joined: Mar 2015
Posts: 687
Likes: 409
From: SoCal
Drifting
Joined: Sep 2018
Posts: 2,077
Likes: 1,593
EDIT: just for further context i'm early 40s, never claimed a penny on any of my insurance policies, perfect driving record.
Last edited by slc4s; Apr 17, 2024 at 04:06 PM.
Rennlist Member
Joined: Mar 2015
Posts: 687
Likes: 409
From: SoCal
CA has all sorts of laws around insurance and how insurance companies can't (lots of grey area here so i'm generalizing) price based on risk. Because of this a ton of insurance companies are pulling out of the state all together. Its quite insane. I just had to renew and my broker went to 8 companies and only 2 would insure a Porsche in Los Angeles. For the porsche I was paying about 380/month before this renewal and it went up this year to about $515/month to insure. So for a 2024 Escalade, a 2023 Wrangler 392 and a 2024 Targa 4S I pay $931/month. Brutal.
EDIT: just for further context i'm early 40s, never claimed a penny on any of my insurance policies, perfect driving record.
EDIT: just for further context i'm early 40s, never claimed a penny on any of my insurance policies, perfect driving record.
Drifting
Joined: Aug 2004
Posts: 3,423
Likes: 1,930
From: new york
Get a VIN for any actual car from a dealer website and give the insurance companies that VIN for pricing.