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Porsche 911 car insurance

We were unable to get quotes from six insurers to insure a Porsche 911. Here's how to cover a Porsche with a specialist car insurance broker.

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Ben Gribbin

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You'll need to approach a specialist car insurance broker to insure a Porsche 911, due to the high-performance and value of the vehicle.

The yearly car insurance premium for a Porsche 911 is likely to be quite significant. Because of the vehicle's high-value, we were unable to obtain any quotes for the Porsche 911 from mainstream car insurers.

The actual price you pay will depend on many factors, with the least powerful and lowest cost trim (as a hard-top coupé), likely to be the cheapest to insure. The rarer and more valuable the Porsche 911, the higher the car insurance premium.

We used the following criteria to calculate average Porsche 911 car insurance costs:

  • 2020 Porsche 911
  • 15,000 kilometres annual travel
  • Five years accident free
  • Driver in Sydney
  • Car parked in a secure garage overnight, and a secure car park during day
  • Rating one, 40-year-old male driver
  • Solid white paint
  • Zero modifications
  • No insurance add-ons or extras
  • Standard excess offered
  • Private or commuting use (5 days a week)
  • No outstanding finance on car
  • Driver's only vehicle
  • Driver owns a home
  • Age-restricted to 40 or older drivers

How do car insurers calculate the cost of Porsche 911 cover?

A Porsche 911 starts from $256,424 drive-away, going right up to $529,798 for a Porsche 911 Turbo S Cabriolet. The Porsche 911 is classed as a high-performance, rear-engined sports car.

The car insurance premium for a Porsche 911 is calculated based on several aspects, including your driver rating, where you live and work, how many kilometres you travel per year, as well as the purchase price of your Porsche 911.

Car insurers, fundamentally, are risk analysts. By evaluating past claims data, they can calculate the potential risk of covering a particular driver and their vehicle, pricing the insurance policy accordingly.

About the Porsche 911

Porsche 911 sports car insurance

If you can believe it, the Porsche 911 was first sketched out in 1959, by Ferdinand Alexander Porsche, the grandson of Ferdinand Porsche Senior. The first-generation model became available in 1964. That model ran until 1975, when the second-generation 911 (given the internal designation 930) replaced it.

Subsequent generations came starting with the 964, 993, 996, 997 and the 991. The current iteration Porsche 911 is designation 992. This eighth-generation model launched in 2018.

Understanding the Porsche 911 naming scheme

The Porsche 911 range is famously convoluted. It's made up of many different trims and body styles. In a massive oversimplification, you can consider Carrera as the entry-level models. Coupé or cabriolet just refers to the body style. Targa is an additional body style that is a sort of half-way point between a hard-top and a soft-top 911. The S added onto models means it has more performance; 4 indicates the model has all-wheel-drive, and Turbo is a 911 with a turbocharger.

However, it is slightly confusing as the entire 911 stable have twin-turbos anyway.

An automotive design icon

The 911 is one of the most iconic car designs ever conceived. It is instantly recognisable and one of the longest-running vehicle models ever built. Porsche 911s are also famous for their use of the flat engine, where instead of the pistons running straight up and down (or in a vee-shape), they lay flat, moving side to side. It is also known as a horizontally-opposed engine. There are numerous benefits to this engine design, including dimensional advantages, balanced operation and a lower centre of mass versus more conventional engine configurations.

Check out our Porsche financing guide. You may also find our comparison of performance sedans interesting if you need to carry more passengers.

Porsche 911 Turbo S at Sydney Airport

The Porsche 911

Other factors car insurers take into account, which will affect your Porsche 911 car insurance premium

  • The model year of your 911. The newer the vehicle, the more readily available the spare parts. Unless working with a specialist, it is more troublesome to locate replacement components for classic models.
  • Specification and trim. Higher grade models have more tech, features and luxury equipment. These can add to the difficulty and expense of repairs.
  • The 911's paint. Pearlescent and metallic paint finishes are optional extras that add to the car's purchase price and increase the cost of repairs.
  • Insurance cover type. Whether you choose comprehensive, third-party fire and theft, or third-party cover.
  • Estimated annual kilometres. The more time you spend on roads, the higher the chance you could have a bump and need to make a claim.
  • Factory-fitted safety and security equipment. Cars that have active safety assists like autonomous emergency braking can help to lessen the severity of (or even prevent) an accident.
  • Day and night parking locations. If you secure your Porsche 911 in a locked garage, situated in a low-crime postcode, it should be cheaper than leaving it by the roadside.
  • The age of the driver. Younger drivers generally pay higher car insurance premiums.
  • The driver's rating. Rating one drivers haven't made car insurance claims for five years or more, gathering up maximum no claim discounts.
  • Marital status. Car insurers might view married persons as a lower risk.
  • The gender of the driver. Statistics show men are more likely to make insurance claims for serious road injuries, in NSW at least.
  • Car use. If you use your Porsche 911 for work or business trips, your insurance premium will likely be higher.
  • Modifications. Modifying your Porsche 911 in any way adds to the complexity of repairs and could raise your insurance premium, especially if it is a performance-related upgrade.
  • Market value or agreed value cover. If you want to cover your car for a pre-agreed value, you'll likely pay more than the same policy with market-value coverage.
  • Thefts. If the Porsche 911 turns into a frequent target for car thieves, then car insurers will adjust the price to cover one, in line with the risk.

The cost to insure a vehicle varies dramatically depending on your location and driving record. If you want to take out car insurance for a Porsche 911, make sure you get multiple quotes from different brokers. This way, you can compare the different policies and select a deal that fits you best, while also delivering the best value for money.

What is prestige car insurance?

We attempted to get car insurance from six mainstream insurers, but we weren't able to do so. That's thanks to the Porsche 911's value and high-performance. Basically, the car falls outside of the normal underwriting criteria used by the largest vehicle insurers.

Prestige & enthusiast car insurance brokers specialise in high-value, performance and classic vehicles.

Random Porsche facts

  • When you think of a front boot, the first thing that comes to mind could be a Tesla. But Porsche had one first. The first generation Porsche 911s have a cargo space hidden where the engine traditionally goes. Within the front boot, you'll find the car's spare wheel, sitting low for optimal weight distribution. It's large enough to accept medium-sized suitcases or several overnight bags. Inside the luggage compartment is a small sealed cubby, which 911 enthusiasts call a "smuggler's box". On some models, this housed the air-conditioning unit.
  • Until 1998, the 911 had an air-cooled engine. This is different to a water-cooled engine block. Liquid-cooling works by pumping coolant through a series of passageways inside the engine, before circulating to a radiator with rows of cooling fins to control the operating temperature. With an air-cooled engine, the fins are moulded into the engine and other components, relying on the heat transferring to the surrounding air. Air-cooled engines are much lighter, with no extra components like a thermostat, hoses and radiator required, meaning there are fewer things to fail.
  • 911 was not Porsche's first choice for the model name. Reportedly, it originally wanted to brand it as the 901, but Peugeot held the trademark for that naming convention, with a middle zero.
  • The Porsche 911 is built at the car manufacturer's Zuffenhausen assembly facility.
  • Porsche's first electric car, the Taycan, launched in 2019. Its designer, Michael Mauer, worked as chief stylist on the Cayenne, Macan, Panamera and the 918. He is the car maker's third ever executive designer in its 90 year history.

How safe is the Porsche 911?

The Australasian New Car Assessment Program (ANCAP) has not crash tested the Porsche 911, nor have any of its international partners.

However, according to the brochure, the 911 does have a series of assistance systems such as:

  • Porsche WET mode, with sensors that detect water spray in the wheel well, alerting the driver and adjusting the response of the various onboard systems to suit.
  • Collision and Brake Assist, which can detect other cars, pedestrians and cyclists.
  • Lane Keeping Assist, plus traffic sign recognition. A camera-based system that detects the lane markings and offers steering assistance to help you stay in the lane.
  • Lane Change Assist with Turn Assist, a radar-based system that monitors blind spots.
  • Night Vision Assist, which uses an infrared camera to scan for pedestrians and wildlife out of range of the headlamps.
  • ParkAssist, front and rear. Porsche's term for parking sensors. A Surround View mode is also available (this may be an optional extra, depending on trim).
  • Reverse camera.

Pictures: Supplied

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Ben Gribbin is an automotive writer at Finder. He is a life-long car enthusiast, bringing many years of experience working with and writing about cars. During his time, Ben has been a freelance writer, editor and reviewer for a number of leading publications across the UK. He was voted the Guild of Motoring Writers Breakthrough Blogger in 2015. See full bio

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