REMINDER: Don't forget to set your DVR to record CNBC’s investigation into alleged market manipulation by Porsche. The show airs on Thursday, February 16th, at 9:00 p.m. Eastern Time (and then again at 12:00 a.m.) on CNBC.
Which Porsches are the Most Expensive to Insure?
Insure.com recently commissioned an outside polling company to conduct a survey on average auto insurance rates. Using data from six of the largest carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm) and across 10 ZIP codes in each statem they put together a list of the least and most expensive cars to insure. Not all models were available, especially some of the more exotic ones.*
Three of the Top Ten Most Expensive Cars to Insure are Porsches
Or are they? Look at the list above. There are some fairly prominent manufacturers missing (at least with regard to sports cars). No Lambos, Ferraris, Aston-Martins, etc. In fact, based on this list, it seems that Porsche might be the least expensive to insure (amongst its peers on this list).
Strangely enough, the Audi R8 Spyder Quattro Convertible tops this list at $3384 annually (more than $700 per year higher then a Porsche Turbo S Cabriolet). I say strangely because the Porsche has an MSRP of $172k vs $160k for the Audi and the Porsche produces 12 more horses at 530 hp vs. 518 for the Audi.
Personally, I think anyone that spends $160k plus on a car isn't too worried about the cost of insurance...
Averages are based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Average rates are for comparative purposes. Your own rate will depend on personal factors.
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