Porsche Folio "Articles & Guides"

Choosing your Porsche Insurance

Every year it seems like a nightmare when the insurance renewal for your Porsche comes through the door. Many Porsche owners spend what seems like an eternity trying to get the best deal. But remember, the cheapest insurance policy is not always the best.

Porsche owners spend thousands buying their Porsche and a lot of their hard earned money looking after it. So why then do so many owners just opt for the cheapest possible insurance premium. This is counter intuitive and potentially financially devastating.

Porsche InsuranceIf the unthinkable happens and your Porsche is stolen or damaged beyond repair you need your insurance company to payout compensation based on a fair valuation of your car. Quite often though, what you paid for your Porsche is far greater than the amount offered by the insurer in the event of such a catastrophe.

There are a few essential elements to look out for when choosing the 'best' insurance policy to suit your needs. Here are a few you might look out for:

Agreed Value Policy
This might feature near the top of your priority list. Don't wait to find out what your insurer thinks your Porsche is worth when it's time to make a claim. Get this agreed and document upfront. It will probably mean tat you have to supply your insurer with photographs and perhaps an independent valuation from a recognised Porsche specialist, but its worth it;

Right of Salvage
You need to make sure that in the event your Porsche is damaged beyond economic repair, that you have first right to salvage. Economic repair is a relative thing. If you're the owner of a classic you value both financially as well as sentimentally, then what you consider might be worth repairing may well be different from that of your insurer. Get this into your policy and you at least have the option to make the decision;

Low excess
The excess is the amount you pay towards costs in the event of a claim. These can range drastically and can include both a compulsory and voluntary element. The more you volunteer the price of the policy usually falls. You don't want to be lumbered with a massive bill when you need to make a claim so choose this wisely. If you have a classic Porsche and drive it only occasionally then you might decide the probability of making a claim is low, so perhaps accepting a higher voluntary component is worth the risk, while bringing your insurance policy down;

Free winsdscreen repair
Chips can be nasty, and you want them fixed quickly and preferably for free. Most insurance providers will now fix a stone chip for free or a small nominal fee. Make sure it's in your policy;

European cover
If you looking to go out of the country for a driving holiday or a road trip with your buddies, then this is expensive to get later. Have a discussion with your providers both about the cost of inclusion and if the terms of insurance materially change when you are out of your home country;

Breakdown cover
Porsche are incredibly reliable, but if you break down then you want to know that you can get the car transported back home or to your nearest Porsche center for further investigation;

Legal expenses
An absolute must. If you get into a long protracted claim over accident liability then you need to know that your covered;

Contents cover, including stereo etc
You shouldn't really be leaving your valuables on display, but this is a nice feature to have. Let's face it, mobile phones, sat nav's, cameras and laptops are tempting booty.

Trackday coverage
If your partial to using your Porsche on track, then you should absolutely insure yourself . I have seen a few fellow Porsche drivers make a mistake on track and then have to foot the bill themselves because they didn't have trackday coverage. Some insurers include cover for a defined number of events a year while others won't cover you at all. The whole concept of a Porsche is it's use on track, so this might be something you want to explore.

So, once you have decided the most important features of your Porsche insurance policy you need to start the process of searching out the best overall deal. Ask you fellow Porsche owners and enthusiasts who they use and why. Also start searching online for insurers and get as many quotes as you dare.

Check out the Channel P101tv Porsche Folio for a list of insurers near you. ▶ The Porsche Folio

Get Involved in the dicussion

We think it's better to talk and would love to hear your thoughts on this article topic. Simply scroll down to read what other Channel P101tv members are saying about this article. Why not add your say. Your comments belong here! You can scroll to the end of the page or Click here to add your comments now.

Advertise with Channel P101tv | The Porsche Channel

Article Statistics


Page Views 1,194   |  Comments 3   |  Likes 3

Thumbs Up Thumbs Down

Text Comments (3 of 3)

Absolutely Vaughn, I couldn't agree more.  When you restore these old beauties they cost a small fortune and I think at the very list when you get it valued for insurance purposes you need to get at the least the cost of replacement.  That's what I have done.  You just need to make sure you get a reputable Porsche specialist to provide a written valuation that the underwiter recognises.


  |  Report abuse
  |  Reply
Thumbs Up Thumbs Down
Thumbs Up Thumbs Down
Thumbs Up Thumbs Down

I've often found a lot of  car insurance and valuations to be somewhat biased to certain vehicles, many of these older porsches  I feel are a little undervalued, either from lack of their popularity or in my own cased heavily  modified in the past ,obtaining a true value should'nt be taken lightly, as repairs can often be very expensive


  |  Report abuse
  |  Reply
Thumbs Up Thumbs Down
Thumbs Up Thumbs Down
Thumbs Up Thumbs Down

Some great pointers here. For me Agreed Value and Right of Salvage are two really important aspects of my policy.  If they aren't available, then I don't even bother looking at that insurer!


  |  Report abuse
  |  Reply
Thumbs Up Thumbs Down
Thumbs Up Thumbs Down
Thumbs Up Thumbs Down

Add your say to this topic. Your comments belong here!



There's Plenty of Articles & Guides

Our Porsche Articles and Guides archives are constantly growing. Take a look through the archives from the Articles menu or click on a preview from the carousel below.



Feel Free to Join in!

If you would like to join in, we would welcome your ideas for an artcle. If there's subject that you'd like to write about then get in touch and let us know. If the topic fits the reader's corner then we'd be pleased to publish it. You will of course receive full credit for the article as well as a link back your Channel P101tv Profile.

Share P101tv Page Share this page

Have we missed something or feel something should be added?

If there's something missing that you feel needs to be included or if something doesn't seem quite right, then please let us know. If you'd like to write an article for inclusion here then please get in touch. Just click on "Contact us" at the bottom of the page.


We hope you enjoy the Reader's Corner of the Porsche Folio!



There's Lots more to do and see on Channel P101tv

Ready to Join our world of Porsche awesomeness!

Not A Member

If you don't have a P101tv account then click here to sign up

Sign up

Already a Member

Already have a P101tv account then click here to sign in

Sign in