Insurance
Rennlist Member
Joined: Oct 2004
Posts: 1,912
Likes: 1,282
From: Lakewood Ranch, FL
They are agreed value (including the cost of your PPF, mods, etc which is nice)
Guarantee Porsche OEM parts and supposedly fair for diminished value claims.
Last edited by Master Deep; Mar 1, 2023 at 11:50 PM.
Rennlist Member
Joined: Jun 2022
Posts: 2,787
Likes: 2,928
From: Edmond, OK
I have found this to be true after my son got rear ended in his Mustang. They paid and they paid fast. But getting that letter with raised rates every 6 months is irritating. Just checked the policy and it’s $1200 every 6 months for the 911.
Advanced
Joined: Dec 2022
Posts: 60
Likes: 25
I wanted to switch to the Porsche insurance but for 8,000 miles a year they want more than $5,000 a year. Not worth it to me to pay 3x more than I do now. Would work great for people who do less miles.
They are agreed value (including the cost of your PPF, mods, etc which is nice)
Guarantee Porsche OEM parts and supposedly fair for diminished value claims.
They are agreed value (including the cost of your PPF, mods, etc which is nice)
Guarantee Porsche OEM parts and supposedly fair for diminished value claims.
Yikes. Thanks.
Burning Brakes
Joined: Jun 2012
Posts: 805
Likes: 117
From: NorCal & NV
That is insane… I suggest finding a car insurance “broker” and let them price shop for you apples to apples coverage for your car and specific needs. Try calling Hagerty and make sure to let them and the broker know if you are part of any car club memberships , affiliations etc that you might qualify for further discounts on.
5th Gear
Joined: Apr 2023
Posts: 5
Likes: 0
992 rates by insurance company: estimates for 2023
Here's a general estimate of Porsche 992 maintenance costs by trim level, according to Edmunds:
- State Farm: $3,500 (less than $2,400 with "enough" deductibles)
- Geico: $3,200
- Allstate: $4,000
- Progressive: $3,600
- Nationwide: $4,300
- Farmers: $3,800
Here's a general estimate of Porsche 992 maintenance costs by trim level, according to Edmunds:
- Porsche 911 Carrera: $1,125 per year
- Porsche 911 Carrera S: $1,520 per year
- Porsche 911 Turbo: $3,030 per year
- Porsche 911 Turbo S: $3,720 per year
Rennlist Member
Joined: Mar 2022
Posts: 4,282
Likes: 3,285
From: Florida
Here's a general estimate of Porsche 992 maintenance costs by trim level, according to Edmunds:
- Porsche 911 Carrera: $1,125 per year
- Porsche 911 Carrera S: $1,520 per year
- Porsche 911 Turbo: $3,030 per year
- Porsche 911 Turbo S: $3,720 per year
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Rennlist Member
Joined: Jun 2022
Posts: 1,664
Likes: 1,600
From: Frisco, TX
Seems like some people in here are getting 'bent over'
I bundle my 2023 GT3 with another car, home, rental, umbrella with State Farm and it comes out to less than $1,400 / year for the Porsche. $2,500 deductible.
Agreed value is dumb unless you have a very rare or unique car (like a custom hot rod). ACV is perfectly fine for 99% of Porsches, and there are no silly mileage limits like there are for many agreed value policies. If my $203k GT3 is totaled today, I would get paid what a similar car is selling for today (which if you look at the market, is well above MSRP).
Just my 2 cents
I bundle my 2023 GT3 with another car, home, rental, umbrella with State Farm and it comes out to less than $1,400 / year for the Porsche. $2,500 deductible.
Agreed value is dumb unless you have a very rare or unique car (like a custom hot rod). ACV is perfectly fine for 99% of Porsches, and there are no silly mileage limits like there are for many agreed value policies. If my $203k GT3 is totaled today, I would get paid what a similar car is selling for today (which if you look at the market, is well above MSRP).
Just my 2 cents
Three Wheelin'
Joined: Sep 2019
Posts: 1,298
Likes: 1,392
Seems like some people in here are getting 'bent over'
I bundle my 2023 GT3 with another car, home, rental, umbrella with State Farm and it comes out to less than $1,400 / year for the Porsche. $2,500 deductible.
Agreed value is dumb unless you have a very rare or unique car (like a custom hot rod). ACV is perfectly fine for 99% of Porsches, and there are no silly mileage limits like there are for many agreed value policies. If my $203k GT3 is totaled today, I would get paid what a similar car is selling for today (which if you look at the market, is well above MSRP).
Just my 2 cents
I bundle my 2023 GT3 with another car, home, rental, umbrella with State Farm and it comes out to less than $1,400 / year for the Porsche. $2,500 deductible.
Agreed value is dumb unless you have a very rare or unique car (like a custom hot rod). ACV is perfectly fine for 99% of Porsches, and there are no silly mileage limits like there are for many agreed value policies. If my $203k GT3 is totaled today, I would get paid what a similar car is selling for today (which if you look at the market, is well above MSRP).
Just my 2 cents
Burning Brakes
Joined: Aug 2021
Posts: 930
Likes: 944
From: Georgia / Connecticut
Quoting premiums paid without specifying actual coverage doesn’t allow an accurate comparison between owners costs.
Anyone can get a lower or higher premium for their vehicle based on adding or deleting cover and deductible dollar amounts.
Also as has been mentioned multi vehicle packages, low mileage and combining home and umbrella can all impact premiums quoted
Anyone can get a lower or higher premium for their vehicle based on adding or deleting cover and deductible dollar amounts.
Also as has been mentioned multi vehicle packages, low mileage and combining home and umbrella can all impact premiums quoted
Rennlist Member
Joined: Oct 2004
Posts: 1,912
Likes: 1,282
From: Lakewood Ranch, FL
Quoting premiums paid without specifying actual coverage doesn’t allow an accurate comparison between owners costs.
Anyone can get a lower or higher premium for their vehicle based on adding or deleting cover and deductible dollar amounts.
Also as has been mentioned multi vehicle packages, low mileage and combining home and umbrella can all impact premiums quoted
Anyone can get a lower or higher premium for their vehicle based on adding or deleting cover and deductible dollar amounts.
Also as has been mentioned multi vehicle packages, low mileage and combining home and umbrella can all impact premiums quoted
35yo in Florida
$1,600 per year
250/500/100 with $1000 collision /$500 comp deductibles
unstacked UIM/UI and rental car coverage
I have 2 other cars with them, home, and Umbrella
Wifes new Q5 is $2,200 for comparison and 2014 CRV is $1,200.
Burning Brakes
Joined: Feb 2016
Posts: 822
Likes: 796
From: San Diego
Porsche Branded Insurance
Has anyone with Porsche Insurance made any claims? Were you happy with how have they performed with the claim process?
The insurance rate is something to consider, but how the company performs when you actually need them is very important. I’ve had all my insurance with State Farm for over 35 years across 4 different states. I get many discounts since I’ve been with them so long and have everything insured with them. I have a quote from State Farm for my incoming Carrera S for $180/month. I decided to look at other options as well and the lowest cost option was through Porsche Insurance. The base rate is $89/month and $0.098/mile so I can drive 900 miles/month and still be less than State Farm.
Levels of coverage are the same. The only difference is State Farm has $0 deductible for comp whereas the lowest from Porsche is $50. Also, State Farm does actual cash value (ACV) vs. Porsche does agreed value. I put the agreed value at $180,000. Lowering this to $160,000 only dropped the mileage rate to $0.091/mile. When I called Porsche Insurance to ask some questions, it was nice to talk to a knowledgeable, real person. I was expecting someone at a call center outside the US with no knowledge.
Back to my original question: any feedback from users of Porsche Insurance who have made claims?
The insurance rate is something to consider, but how the company performs when you actually need them is very important. I’ve had all my insurance with State Farm for over 35 years across 4 different states. I get many discounts since I’ve been with them so long and have everything insured with them. I have a quote from State Farm for my incoming Carrera S for $180/month. I decided to look at other options as well and the lowest cost option was through Porsche Insurance. The base rate is $89/month and $0.098/mile so I can drive 900 miles/month and still be less than State Farm.
Levels of coverage are the same. The only difference is State Farm has $0 deductible for comp whereas the lowest from Porsche is $50. Also, State Farm does actual cash value (ACV) vs. Porsche does agreed value. I put the agreed value at $180,000. Lowering this to $160,000 only dropped the mileage rate to $0.091/mile. When I called Porsche Insurance to ask some questions, it was nice to talk to a knowledgeable, real person. I was expecting someone at a call center outside the US with no knowledge.
Back to my original question: any feedback from users of Porsche Insurance who have made claims?
Rennlist Member
Joined: Nov 2019
Posts: 3,708
Likes: 3,928
From: Buffalo, NY
Get a quote from AAA, I shopped hard 4 years ago after Farmers quit doing business in NY and they are by far, the least expensive carrier I would do business with. USAA would be first but I can't get it.