Cheap Porsche 718 Boxster Car Insurance in 2024 (Save Big With These 10 Companies!)
Mercury, AIG, and USAA stand out as the top choices for cheap Porsche 718 Boxster car insurance, offering some of the most affordable rates starting from $68/month. These providers deliver coverage options and discounts, making them ideal for those seeking budget-friendly insurance for their Porsche 718 Boxster.
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Tim Bain
Licensed Insurance Agent
Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Licensed Insurance Agent
UPDATED: Oct 14, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Oct 14, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Mercury, AIG, and USAA stand out as top choices for cheap Porsche 718 Boxster car insurance, offering exceptional value and competitive rates.
Owning a sleek and powerful sports car like the Porsche 718 Boxster is an exhilarating experience. However, it’s important to understand that insuring a high-performance vehicle can come with a significant price tag.
Our Top 10 Company Picks: Cheap Porsche 718 Boxster Car Insurance
Company Rank Monthly Rates A.M. Best Best For Jump to Pros/Cons
#1 $68 A Affordable Rates Mercury
#2 $70 A Comprehensive Coverage AIG
#3 $72 A++ Member Benefits USAA
#4 $73 A+ Discount Options Progressive
#5 $74 A+ Financial Stability Nationwide
#6 $75 A+ Customizable Plans Farmers
#7 $77 B Trusted Provider State Farm
#8 $78 A+ Strong Reputation Allstate
#9 $79 A+ Reliable Service Travelers
#10 $80 A Membership Perks AAA
In this article, we will delve into the factors that determine the cost of Porsche 718 Boxster car insurance, explore the average insurance costs for this model, and provide you with valuable tips and insights on finding affordable coverage for your precious vehicle.
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#1 – Mercury: Top Overall Pick
Pros
- Affordable Premiums: Offers competitive rates starting as low as $68/month, making it a great option for Porsche 718 Boxster owners looking for budget-friendly coverage. Their affordability is supported by an A.M. Best rating of A.
- Broad Coverage Options: Provides a range of coverage options specifically designed for high-performance sports cars like the Porsche 718 Boxster. This helps in addressing the unique needs of luxury car enthusiasts.
- Discounts: Features discounts for multi-policy holders and safety features, which can help reduce costs for Porsche 718 Boxster drivers. Their high A.M. Best rating indicates a reliable choice. Learn more through our Mercury insurance review.
Cons
- Limited Nationwide Availability: May not be available in all states, which could be a drawback if Porsche 718 Boxster enthusiasts move to a state where Mercury does not operate.
- Customer Service Variability: While generally positive, customer service experiences can vary by location, which might affect the overall satisfaction for Porsche 718 Boxster owners.
#2 – AIG: Best for Comprehensive Coverage
Pros
- Comprehensive Coverage: Offers extensive coverage options ideal for high-value sports cars like the Porsche 718 Boxster. This ensures thorough protection for Porsche enthusiasts.
- Global Reach: Provides international coverage, which is advantageous for Porsche 718 Boxster drivers who travel frequently. Their A.M. Best rating of A reflects strong financial stability. Learn more through our AIG insurance review.
- Tailored Policies: Customizable policies designed to fit the specific needs of luxury car owners. This flexibility is perfect for Porsche 718 Boxster enthusiasts who want specialized coverage.
Cons
- Higher Premiums: Premiums may be higher due to the extensive coverage, which might be a concern for Porsche 718 Boxster drivers seeking more affordable options.
- Complex Claims Process: The claims process can be more intricate and time-consuming, which could be a drawback for Porsche 718 Boxster owners needing prompt resolutions.
#3 – USAA: Best for Member Benefits
Pros
- Competitive Rates: Offers some of the lowest rates for eligible members at $72/month, making it a cost-effective choice for Porsche 718 Boxster owners. Their A++ A.M. Best rating supports their strong financial standing.
- Excellent Member Benefits: Provides additional benefits and discounts for members, which can be advantageous for Porsche 718 Boxster drivers. Their high customer satisfaction ratings reflect this. Learn more through our USAA insurance review.
- Comprehensive Coverage: Includes high-quality coverage options suitable for luxury sports cars. Their policies are designed to meet the unique needs of Porsche 718 Boxster enthusiasts.
Cons
- Eligibility Restrictions: Coverage is limited to military members and their families, which restricts access for non-military Porsche 718 Boxster enthusiasts.
- Limited Online Services: Some users find the online services less comprehensive, which may affect the convenience for tech-savvy Porsche 718 Boxster owners.
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#4 – Progressive: Best for Discount Options
Pros
- Discount Options: Provides a variety of discounts, including bundling and safety feature discounts, starting at $73/month. This is beneficial for Porsche 718 Boxster owners looking to lower their insurance costs.
- Flexible Coverage: Offers customizable coverage options ideal for high-performance vehicles like the Porsche 718 Boxster. This allows Porsche enthusiasts to tailor their insurance to specific needs.
- User-Friendly App: Features a highly rated mobile app for managing policies and claims, which is a great advantage for busy Porsche 718 Boxster drivers, according to Progressive insurance review & ratings.
Cons
- Rate Increases: Some users report significant rate increases upon renewal, which might be a concern for Porsche 718 Boxster drivers seeking stable long-term rates.
- Mixed Customer Reviews: Customer service experiences can vary, with some users reporting delays or issues, which might affect the overall experience for Porsche 718 Boxster owners.
#5 – Nationwide: Best for Financial Stability
Pros
- Financial Stability: Recognized for strong financial stability, with an A+ A.M. Best rating. This provides reassurance for Porsche 718 Boxster owners about the reliability of their coverage.
- Comprehensive Coverage: Offers extensive coverage options suitable for high-value sports cars like the Porsche 718 Boxster, ensuring that all aspects of ownership are covered, as highlighted in the Nationwide insurance review & ratings.
- Positive Customer Service: Generally positive reviews for customer support and claims handling, which benefits Porsche 718 Boxster owners seeking reliable service.
Cons
- Higher Premiums: Premiums may be higher compared to some other providers, starting at $74/month. This could be a concern for those looking to minimize insurance costs.
- Limited Discounts: Offers fewer discounts compared to competitors, which might impact the overall affordability for Porsche 718 Boxster owners.
#6 – Farmers: Best for Customizable Plans
Pros
- Customizable Plans: Provides a wide range of customizable insurance plans, ideal for Porsche 718 Boxster owners who need tailored coverage. Their A+ A.M. Best rating ensures financial stability. Learn more through our Farmers insurance review.
- Strong Coverage Options: Tailored coverage designed for luxury and high-performance vehicles, ensuring comprehensive protection for Porsche 718 Boxster enthusiasts.
- Good Customer Service: Generally positive customer service reviews, which supports a reliable and supportive insurance experience for Porsche 718 Boxster owners.
Cons
- Higher Premiums for Luxury Cars: Premiums can be on the higher side for high-value vehicles, which may be a drawback for budget-conscious Porsche 718 Boxster owners.
- Complex Policy Details: Policies can be complex, requiring careful review, which might be challenging for Porsche 718 Boxster enthusiasts to fully understand.
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#7 – State Farm: Best for Trusted Provider
Pros
- Trusted Provider: Known for its long-standing reputation and reliability, with a B A.M. Best rating. This provides reassurance for Porsche 718 Boxster owners seeking dependable coverage.
- Discounts Available: Features discounts for safe driving and multi-policy holders, starting at $77/month. This can be beneficial for Porsche 718 Boxster drivers looking to save on insurance costs.
- Wide Availability: Available in most states, providing broad coverage options for Porsche 718 Boxster enthusiasts. This ensures accessibility across the country, as highlighted in the State Farm insurance review & ratings.
Cons
- Premiums Can Be Higher: Premiums might be higher compared to some competitors, which could be a concern for Porsche 718 Boxster drivers seeking more affordable options.
- Customer Service Issues: Mixed reviews regarding customer service experiences, which might affect the overall satisfaction for Porsche 718 Boxster owners.
#8 – Allstate: Best for Strong Reputation
Pros
- Reputation: Known for a strong reputation and reliable service, with an A+ A.M. Best rating. This reflects their commitment to quality insurance coverage for Porsche 718 Boxster owners.
- Discount Programs: Offers numerous discounts, including for safe driving and bundling, starting at $78/month. This is advantageous for Porsche 718 Boxster drivers seeking cost savings.
- Comprehensive Coverage: Provides extensive coverage options for luxury vehicles, ensuring all aspects of Porsche 718 Boxster ownership are addressed. Learn more through our Allstate insurance review.
Cons
- Higher Premiums: Premiums can be higher for luxury and high-performance vehicles, which might be a drawback for budget-conscious Porsche 718 Boxster enthusiasts.
- Service Variability: Quality of service can vary depending on the local agent or office, potentially affecting the experience for Porsche 718 Boxster owners.
#9 – Travelers: Best for Reliable Service
Pros
- Reliable Service: Known for reliable service and customer support, with an A+ A.M. Best rating. This ensures dependable coverage for Porsche 718 Boxster owners.
- Discounts and Rewards: Provides various discounts, including loyalty and safe driver discounts, starting at $79/month. This is beneficial for Porsche 718 Boxster drivers seeking savings.
- Flexible Coverage Options: Offers flexible coverage options suitable for high-performance vehicles like the Porsche 718 Boxster. This allows for tailored insurance solutions.
Cons
- Potential for Higher Premiums: Premiums might be on the higher side, especially for luxury vehicles. This could be a concern for Porsche 718 Boxster drivers looking for more affordable rates.
- Complex Claims Process: Some users report a more complicated claims process, which might lead to longer wait times for Porsche 718 Boxster owners needing claims assistance. Read more through our Travelers insurance review.
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#10 – AAA: Best for Membership Perks
Pros
- Membership Perks: Offers additional benefits and discounts for AAA members, starting at $80/month. This includes valuable roadside assistance services for Porsche 718 Boxster owners.
- Comprehensive Coverage: Provides thorough coverage options suitable for luxury sports cars, ensuring comprehensive protection for Porsche 718 Boxster enthusiasts.
- Excellent Customer Service: High ratings for customer service and support, backed by their strong A.M. Best rating of A. This is advantageous for Porsche 718 Boxster owners seeking reliable service. Read more through our AAA insurance review.
Cons
- Membership Required: Some benefits are limited to AAA members, which might be a drawback for Porsche 718 Boxster enthusiasts who do not wish to commit to a membership.
- Higher Costs: Membership fees and premiums can be on the higher side, which might be a concern for Porsche 718 Boxster owners looking for cost-effective options.
Factors That Determine the Cost of Porsche 718 Boxster Car Insurance
When it comes to calculating the cost of car insurance for your Porsche 718 Boxster, several key factors play a role. The first and most obvious factor is the value of your vehicle. Luxury sports cars like the Boxster typically have a higher price tag, which can result in higher insurance premiums.
Another crucial factor that affects insurance rates is your location. If you reside in an area with a high crime rate or a high incidence of accidents, insurance companies may charge you a higher premium to account for the increased risk of theft or damage to your vehicle.
Porsche 718 Boxster Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
AAA $80 $122
AIG $70 $112
Allstate $78 $120
Farmers $75 $115
Mercury $68 $110
Nationwide $74 $119
Progressive $73 $117
State Farm $77 $121
Travelers $79 $123
USAA $72 $118
Your driving record also plays a significant role in determining insurance rates. If you have a history of accidents or traffic violations, insurance companies may consider you a higher-risk driver and charge you more for coverage.
Additionally, the age of the driver can also impact the cost of car insurance for a Porsche 718 Boxster. Younger drivers, especially those under the age of 25, are often considered higher-risk due to their lack of driving experience. As a result, insurance companies may charge higher premiums for younger drivers.
Understanding the Insurance Rates for the Porsche 718 Boxster
Factors that can affect the insurance rates for the Porsche 718 Boxster include your age, driving record, location, and the value of the vehicle. Younger drivers and those with a history of accidents or traffic violations may face higher premiums. Additionally, living in an area with high crime rates or a high number of accidents can also result in higher insurance rates.
The value of the Porsche 718 Boxster can also impact the cost of insurance, as more expensive vehicles typically require higher coverage limits. It’s important to consider these factors when comparing insurance quotes to ensure you are getting the most accurate and competitive rates for your Porsche 718 Boxster. Enter your ZIP code now to begin comparing.
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Average Insurance Costs for the Porsche 718 Boxster
On average, insuring a Porsche 718 Boxster can cost anywhere from $1,500 to $3,000 per year, although this figure can vary significantly based on a multitude of factors, including your personal circumstances and chosen coverage options.
One of the main factors that can affect the insurance cost for a Porsche 718 Boxster is the driver’s age and driving history. Younger drivers or those with a history of accidents or traffic violations may face higher insurance premiums compared to older, more experienced drivers with clean records.
Another factor that can impact insurance costs is the location where the vehicle will be primarily driven and parked. Urban areas with higher rates of theft or vandalism may result in higher insurance premiums compared to rural areas with lower crime rates.
Tips for Finding Affordable Car Insurance for Your Porsche 718 Boxster
While insuring a luxury sports car may seem daunting, there are several strategies you can employ to find more affordable car insurance for your Porsche 718 Boxster. Firstly, consider increasing your deductibles. By opting for a higher deductible, you can lower your monthly premiums.
Another effective way to save money on insurance premiums is to bundle your Porsche 718 Boxster’s coverage with other policies such as homeowners or life insurance. Many insurance companies offer significant discounts to customers who have multiple policies with them.
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Additionally, maintaining a clean driving record and taking defensive driving courses can improve your risk profile and potentially lead to lower insurance rates. It’s also worth exploring discounts specific to luxury sports cars, such as security system discounts or discounts for cars equipped with advanced safety features.
Furthermore, it is important to shop around and compare quotes from different insurance providers. Rates can vary significantly between companies, so taking the time to research and obtain multiple quotes can help you find the most affordable option for your Porsche 718 Boxster.
Lastly, consider joining a car club or association for Porsche owners. Some insurance companies offer special discounts or group rates for members of these clubs. By leveraging the collective buying power of the club, you may be able to secure a more competitive insurance rate for your luxury sports car. Enter your ZIP code now to begin comparing.
Frequently Asked Questions
What factors affect the cost of insurance for a Porsche 718 Boxster?
The cost of insurance for a Porsche 718 Boxster can be influenced by various factors such as the driver’s age, location, driving history, coverage options, deductible amount, and the insurance provider’s pricing policies.
Are Porsche 718 Boxsters expensive to insure compared to other sports cars?
Porsche 718 Boxsters are generally considered to have higher insurance costs compared to other sports cars due to their high value, powerful engine, and potential repair costs.
However, insurance rates can vary between individuals and insurance providers. Enter your ZIP code now.
Can I reduce the insurance cost for my Porsche 718 Boxster?
Does the location where I live affect the insurance cost for a Porsche 718 Boxster?
Yes, the location where you reside can impact the insurance cost for a Porsche 718 Boxster. Areas with higher rates of accidents, theft, or vandalism may result in higher insurance premiums.
Additionally, densely populated urban areas often have higher insurance costs compared to rural areas.
Which insurance provider offers the lowest monthly rates for Porsche 718 Boxster coverage?
Mercury offers the lowest monthly rates, starting at $68. This makes it a cost-effective option for Porsche 718 Boxster owners looking for affordable coverage. Enter your ZIP code now to begin comparing.
What benefits does USAA offer specifically for Porsche 718 Boxster owners?
How does AIG’s global reach benefit Porsche 718 Boxster drivers?
AIG offers comprehensive coverage options for Porsche 718 Boxster drivers, with rates starting at $70/month. Their extensive network ensures reliable service and support globally.
What discounts does Progressive provide that could benefit Porsche 718 Boxster owners?
Progressive provides various discount options, including those for safe driving and advanced safety features, starting at $73/month. These discounts can help lower the overall insurance costs for Porsche 718 Boxster owners. Enter your ZIP code now.
What are the key advantages of choosing Nationwide for insuring a Porsche 718 Boxster?
How does State Farm’s reputation impact its suitability for Porsche 718 Boxster insurance?
State Farm has a solid reputation as a trusted provider, with rates starting at $77/month. Their B rating indicates a stable and reliable option for Porsche 718 Boxster owners seeking dependable insurance coverage.
Compare The Best Insurance Quotes In The Country
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Tim Bain
Licensed Insurance Agent
Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
