Porsche 718 Boxster Car Insurance Cost

Looking for a new or used Porsche 718 Boxster? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

Porsche 718 Boxster insurance facts

• Average full coverage auto insurance premium: $207/month

• Most affordable companies: Auto-Owners ($146/month) & GEICO ($152/month)

• 718 Boxster car insurance cost vs. average rate: $273 more expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Porsche 718 Boxster by model year and auto insurer.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Below average Porsche 718 Boxster insurer costs by state:

• Georgia car insurance – $2,376 per year

• Kentucky car insurance – $2,517 per year

• New York car insurance – $3,036 per year

• Arizona – $2,161 per year

• Virginia – $2,276 per year 

Risk factors affecting Porsche 718 Boxster coverage rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit score, type of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on Porsche 718 Boxster coverage?

Many driver discounts are available to people through most major auto insurance companies, such as

• Student discounts

• Safe drivers

• Senior discounts

With all Porsche models, you can get the following car insurance discounts:

• Passive restraint systems

• Anti-lock brakes

• Anti-theft devices

Porsche Luxury Automobile Brand

Porsche is a luxury automobile brand specializing in high-performance sports cars, SUVs, and sedans owned by Volkswagen Group. Porsche’s target market is high-income (150K+), 85% male and 15% female 40 years and older in the United States market. Currently, Porsche is targeting younger consumers from 25 to 40 years of age. Most Porsche customers reside in Arizona, California, Florida, Nevada, New Mexico, New York, Oregon, and Texas. All Porsche automobiles have never been crash test rated by the National Highway Traffic Safety Administration (NHTSA) or the Insurance Institute for Highway Safety (IIHS). The most popular models are the Panamera, Cayenne, and the Boxster.

Higher than average 718 Boxster repair costs equal higher insurance rates

Many consumers are attracted to Porsche automobiles for speed, luxury, and driver-assist technologies, such as the InnoDrive system. Specialized import repair shops sell automotive parts around the United States. According to Motor1, Porsche is one of the most expensive vehicles to maintain, and some customers claiming $400 for an oil change. Repair parts for Toyota, Honda, and Subaru can be 187 to 432% less expensive. Repairing a Porsche is higher than average since repair parts are more costly and not as available as popular vehicles. For this reason, many Porsche’s are going to have higher than average car insurance rates to similar cars in its class.

Fast depreciation for Porsche 718 Boxster affecting auto policies

Most Porsche models have higher than average depreciating value, except for the Panamera, affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all Porsche models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

No IIHS and NHTSA safety ratings increasing coverage rates for drivers

Porsche vehicles have never been crash-test rated, which increases car insurance rates for drivers. Porsche’s are known for their excellent safety features such as Porsche Active Safe or PAS to reduce the effects of a forward collision. With safety features and driver-assist technology (InnoDrive), drivers with a good driving record can get 10 to 15% driver discounts for passive restraints and safety features in Porsche models. With the lack of the Insurance Institute for Highway Safety (IIHS) “Top Safety Pick” and the NHTSA 5-star rating, Porsche customers are in the dark concerning safety and increased rates for automobile owners.

AutoInsureSavings.org licensed insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Porsche automobile owners when buying an insurance policy.