35 years old, married, I pay $1100 / yr ( $92 / mo ) for the Boxster

Bodily Injury / Property Damage - 100/300/50
Uninsured / Underinsured Motorist - 100/300
Medical Coverage - 5000
Comprehensive / Collision - 750

High Performance Surcharge

Clean record ( no tickets / accidents )

( and I have three vehicles insured ! )

Nick

you guys and your dirt cheap insurance. Come to Jersey we have had the highest rates for years. More bloody cars than people! $900 smackers every six months.

I could have bought this car as early as ten years ago as I had no wife,kids or obligations of any sort and a very high personal income relative to the national average(according to my tax preparer).
But the dang insurance was liking making payments on two cars!
Was quoted $4,500 a year at one point.
I finally relented after i realized no matter what car I drove I would be shelling
out at least $2,000 a year. I was spending more on insurance than the cars were worth. Sold my old Miata for $8K after spending $10K on insurance.
So I figure if I'm going to be paying those rates I might as well get a fancy German car.
Luckily at this point I was on my 11th consecutive year of no points or accidents so I'm down to $1,800 per year with a $1,000 deductible and threshold limit on how much I can sue for if someone gets into me with their stupid SUV.

Hopefully this year I will change my car's title into my company's name and be able to write off some money.

Wow, perfectlap. That's horrible.


Mine is around 4500/year also.

The 987 is equally cheap to insure on a relative basis. I pay substantially less on the 05 base and 06 S then my ten year old BMW convertible beater.

Aren040, the Evos/WRXs are among the most expensive cars to insure..not surprisingly.

Yes, but if I read correctly, I think you stated that you were 18 years old. That is an insurance nightmare to begin with.

Auto insurance rates for Porsches ( and other non fart can sports cars) are not as high as most people would think, at least for people with good driving records. The bodily injury and property damage liability experience ( damage to other people and property) for Porsches is better than average while collision and comprenhensive is slightly worse.

People who own these cars usually take very good care of them and seem to have fewer accidents than average. On the other hand these cars are a target for theft and vandalism and are very expensive to repair. You can say pretty much the same for Corvettes and other high end sport type autos.

Since the largest part of your premium dollar usually goes for liability coverages, porsche owners usually are desireable customers for auto insurers who know what they are doing. It generally pays to shop arround, especially in New Jersey where rates have been droping in recent years.

Just my $ .02.


Oh, for you guys who put your cars on the track, read your policy. Pre arranged speed event are usually excluded.

Well there are worse things in the world than being an newly minted adult
and having a PORSCHE!!! A tough act to follow at such an age.
I've lost count of the number of middle aged guys who have approached me while I was refueling or diving into a 7-11 and said something like "you have my dream car". ALMOST made feel guilty. One guy who I worked with long ago who wasn't even really a sports car guy told me if nothing else worked out for him in life no matter what happened he would one day "own a Porsche".

I still don't understand how with Porsche parts and labor being so ridonkulusly over priced how they can take underwrite full coverage for less than a $1000 per year.
I went to a high end Porsche body shop here in NJ (quality auto) and was quoted nearly $4K to repaint a bumper, hood and fix a teeny fender dent. I can only imagine how expensive a really big repair would cost.

Woe is me :(