Insurance Costs

[Brucelee]

What others pay won't help you.

Too many variables for a valid comparison.

Suggest you price shop in your locale.

[aren040]

Too many variables for an accurate measure.

Location, credit score, age, coverage type, if you have a family, multiple policy coverage, all play a big part. There is a lot more I am sure but that's all I could think of right now.

I on the other hand pay less per month for my Boxster than I did for my WRX.

[YellowJacket]

At 24, I pay $75/mo. for 500/500 primary vehicle, including discounts for married, multi-car, multi-line. No tickets, but an accident about 2 years ago. My next bill should have the accident dropped off, and I'll be turning the magical 25 years old, so it should go down a bit more.

I asked my agent why this car is significantly cheaper to insure than any of my BMW's were. He said that Porsche's are rated as one of the cheapest cars to insure due to the types of people who own them. Repair costs are high, but owners tend to be older, more mature, more courteous, etc. On the other hand, BMW is one of the most expensive due to primarly younger, less mature, more "spirited" drivers + the high cost of repairs.

Anyway, as previously stated, too many variables and not enough sample to draw broad conclusions, but enough andectodal evidence to say that Boxsters are fairly cheap to insure, I'd say!

[RandallNeighbour]

Living in Harris County, Texas (Houston) sucks when it comes to insurance. I pay 1100 a year for full coverage an I have not had a ticket in 12 years, nor an accident in 5 years. I also have good credit. However, I was amazed that my boxster costs a few bucks a year less than my Lexus LS400, which is 2 years older than my Porsche.

[thomschoon]

We pay around $300 per month for 3 cars, two P-cars and the wifes Caddy SUV, when we moved to Philly from DC we figured we would get a nice drop, it actually went up another 20%

You really cant compare between people because your zip code could make a drastic difference as well as your history and what extras you add on such as rental car etc. In the end it is just part of the cost of doing business and not really worth worrying about.

[aren040]

Originally Posted by YellowJacket

At 24, I pay $75/mo. for 500/500 primary vehicle, including discounts for married, multi-car, multi-line. No tickets, but an accident about 2 years ago. My next bill should have the accident dropped off, and I'll be turning the magical 25 years old, so it should go down a bit more.

I asked my agent why this car is significantly cheaper to insure than any of my BMW's were. He said that Porsche's are rated as one of the cheapest cars to insure due to the types of people who own them. Repair costs are high, but owners tend to be older, more mature, more courteous, etc. On the other hand, BMW is one of the most expensive due to primarly younger, less mature, more "spirited" drivers + the high cost of repairs.

Anyway, as previously stated, too many variables and not enough sample to draw broad conclusions, but enough andectodal evidence to say that Boxsters are fairly cheap to insure, I'd say!

Not too sure about that. Take me for example.

I am 25, married, no kids, and have the Boxster insured as a daily 70% me and 30% the wife (driving), I rent my place for the time being, and I have no speeding tickets and no accidents on my record. I have tow and car rental in my coverage and my coverage is pretty much topped out. I pay about 180 a month for that here is sunny Southern California.

See the giant price difference there...? There are a lot of factors that account for that difference.

[porsche986spyder]

I have Gieco and pay $113/month. Full coverage. Allot of it has to do with how far you travel in your car every day. Like to and from work. The closer I moved to work the lower my rates went down. Also, I hate to say this but they check your credit history. Something they don't tell you. Doesn't seem fair that they should base your rates on your credit history. I guess they think they may not get paid or will get paid late if your credit is bad.

[FrayAdjacent]

When I was about to pounce on a Boxster, I called my insurance co (USAA) and asked what my insurance rate would do.

Going from a 2003 Hyundai Tiburon to a 2001 Boxster, my rate went DOWN about $90/6 months. I pay about $110 a month, which includes my renter's insurance, and my 911 which is an 'occasional driver', even though she's been down and out for a long time.


Rates on the Boxster are probably lower, since there's not a ton of teenagers out there smashing them up.

BTW, I'm 30 with no tickets (on my record, that is!) and no wrecks. NEVER had a claim.