The 2020 Porsche Taycan is the company’s first all-electric sports vehicle, and early testing indicates that the Taycan is every bit as fast as the brand. The Taycan will initially be available in two high-performance trim levels, the Turbo and Turbo S, priced at $150,000 and $180,000, respectively, with further standard versions to follow in 2020. As a sporty electric vehicle, monthly insurance costs should be in the range of $300 to $400 for a basic coverage. With a price tag of $150,000, the Taycan Turbo has an annual insurance cost-to-base ratio of about 3%, which is somewhat less than the national average of 4%.
How do I compare insurance for Taycan?
Rates for the Taycan are determined by the following variables, however your ultimate rate will also be determined by personal factors like your location and driving history.
- Body type. The Taycan is an electric luxury sedan, which implies it will have a higher sticker price than a crossover SUV or a regular sedan.
- Fuel. The Taycan’s all-electric range is claimed to be between 225 and 275 miles, depending on the battery type used. Charging time, once again, is dependent on the charger used, but may range from 0% to 80% in as little as 20 minutes with a 270kw charger. While you will save money on petrol, electric battery components may be more costly to repair, resulting in a modest rise in insurance rates.
- Theft rates. Porsche’s several premium models have low theft rates. Due to the anti theft measures on the 2020 Taycan, the automaker successfully petitioned the Department of Transportation for an exemption from the Federal Motor Vehicle Theft Prevention Standard. This type of exemption indicates that the vehicle is secure.
- Maintenance. Annual maintenance costs for ordinary Porsches generally range from a few hundred dollars to several thousand dollars. Due to the fact that electric vehicles have lower maintenance expenses than gasoline-powered vehicles, you may expect to pay the same or less.
- Coverage. With a base price of more than $150,000 for the Turbo and more than $180,000 for the Turbo S, you’ll undoubtedly want to get the maximum amount of coverage possible for the Taycan, which includes comprehensive and collision coverage. Additionally, you may wish to consider an agreed value insurance, which guarantees you the full worth of the automobile without regard for depreciation in the event of a total loss.
- Warranty. The Taycan comes with a normal three-year guarantee, while the battery comes with an additional eight-year warranty. Porsche’s guarantee also includes complimentary roadside assistance, so you may omit it from your insurance coverage.
- Manufacturer offer. There is currently no manufacturer offer on the Porsche Taycan, however a less expensive variant will be introduced following the Turbo and Turbo S for about $90,000.
Does the Porsche Taycan qualify for discounts?
Yes, it is eligible for vehicle-specific safety savings, however availability varies by insurer.
- Electric vehicle
- Active restraints
- Passive restraints
- Antilock brakes
- Automatic emergency brake
- Antitheft device
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How reliable is the Porsche Taycan?
At the time of this writing, the Taycan lacked official safety and dependability ratings, and possibly never will owing to its low volume. Porsche, on the other hand, is well-known for producing dependable automobiles.
- Safety. The Porsche Taycan is equipped with several safety measures that should allay any concerns about a lack of formal safety testing. Automatic emergency braking, driver assistance features, active lane control, night-vision cameras, and a surround-view video system are just a few of these features.
- Reliability. Due to Porsche’s history and reputation, the Taycan model should enjoy high dependability ratings. J.D. Power awarded the Porsche 911 GT3 RS Coupe a 92 out of 100 for quality and reliability and a 95 out of 100 overall rating.
- Recalls.Porsche has recalled several of its vehicles between 2010 and 2017, thus a recall of the Taycan is not ruled out.
The Porsche Taycan is the company’s first all-electric sports vehicle. Its sophisticated safety features may qualify you for various insurance discounts, plus Porsche’s general dependability ratings and low theft rates help keep the Taycan’s insurance costs low.
Visit our review of BMW 8 Series Insurance Cost for another car insurance review.