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Porsche Car Insurance

Porsche is well-known for its luxurious and performance-focused cars. Currently a subsidiary of Volkswagen, Porsche, has some iconic models; the 911, Boxster, and 718 Spyder, to name a few. All these come at a mid to high Porsche price range. In this regard, if you are planning to invest in a Porsche, you may as well have an insurance plan to protect your finances against any untoward circumstances. Further, you need to ensure that you have an active vehicle insurance plan according to your requirements.

Check Insurance Premium for Popular Model of Porsche

Below are the premiums of third-party Porsche car insurance plan according to its different models:





Porsche Macan

Rs. 83.21 Lakhs


Rs. 7,897

Porsche 718

Rs. 1.26 Crores


Rs. 7,897

Porsche Cayenne

Rs. 1.27 Crores


Rs. 7,897

Porsche Cayenne Coupe

Rs. 1.35 Crores


Rs. 7,897

Porsche Panamera

Rs. 1.55 Crores


Rs. 7,897

Porsche 911

Rs. 1.69 Crores


Rs. 7,897

*Disclaimer: You need to visit the Bajaj MARKETS platform to compare and find an insurance plan that meets your requirements. The insurance cost might vary depending upon the place of registration, year of registration, add-on covers, fuel type and policy type. To know more about the insurance cost of Porsche vehicles, you can check out the car insurance calculator on Bajaj MARKETS.

How to Buy Porsche Insurance Online?

Buying Porsche Insurance is a hassle-free process. Following are the steps to buy insurance online:


Step 1: Go to the ‘Car Insurance calculator’ on the Bajaj MARKETS


Step 2: Fill up the details like contact number and car’s registration number


Step 3: Choose a car insurance plan according to your needs


Step 4: Pay the premium online


After that, you will receive the policy details via your registered contact details.

How to Renew Porsche Insurance Online

Follow the steps to renew the car insurance for Porsche:


Step 1: Visit the ‘Car Insurance Renewal’ on the insurer’s website


Step 2: Enter the details required like your car’s registration number, phone number and details of the existing or expired insurance policy.


Step 3: Check the car insurance renewal premium.


Step 4: Pay the insurance premium online.


You will be notified about this policy renewal via registered contact details.


Read More: Car Insurance Renewal

Why Insure Your Porsche?

When driving a performance car like a Porsche, you need to be careful. Slight negligence can lead to an accident, and repairing or replacing Porsche car parts can cost a lot. To save your finances from such incidents, you can opt for a car insurance plan for your vehicle.


Apart from that, other reasons behind purchasing an insurance plan for a Porsche are –


  • As per the Motor Vehicles Act, 1988, having an insurance plan is mandatory to drive on the Indian roads.

  • A third-party insurance plan safeguards your financial interests from a wide range of third party liabilities.

  • A personal accident cover offers financial coverage from any expense incurred due to the treatment or hospitalisation of the policyholders.

  • Having a vehicle insurance plan extends financial protection against any natural disasters.

Types of Porsche Car Insurance

Typically, there are two types of Porsche car insurance that you have the liberty to choose from. Here are the details –


  • Third-party Insurance

Under the Motor Vehicles Act, 1988, having third party car insurance is compulsory. However, this covers only third-party liabilities, and it is not for you or your car. This is the reason why its premium charges are comparatively low.

  • Comprehensive Insurance

The comprehensive car insurance policy offers extensive coverage for damages to your Porsche car. As it covers all, the premium is also high. Having the Porsche comprehensive insurance plan ensures that your car is protected against an array of unfortunate events.


The following things are covered in car insurance:


  • Loss resulting from man-made disasters such as explosions or fire

  • Damage incurred to natural calamities

  • Third-party liability coverage

  • Loss or damages incurred due to accidents

  • Personal accident cover

  • Theft of your car


  • Regular wear and tear of the car

  • Driving under the influence of drugs or alcohol

  • Damages caused when your policy is not active

  • Loss or damage caused due to malicious activities

  • Electrical or mechanical breakdown

  • Damage caused without a valid driving licence

  • Loss or damage during a war

Add-on Covers for Your Porsche Car

With add-on covers, you can enhance the coverage of your insurance plan. Following are a few add-ons that you can combine with your insurance policy:


  • Personal baggage cover

This add-on secures damages caused to your belongings during any accident. With personal baggage coverage, you can have peace of mind.

  • Lock and key replacement cover

Your insurance policy doesn’t include the replacement cost of car locks and keys. But with a key protection add-on, you can get this coverage.

  • Engine protector cover

The replacement or repair cost of a Porsche's engine can be huge. By opting for the engine protection add-on, you can relax regarding the car's engine damage.

  • Roadside assistance cover

You can get emergency help like flat tyre repair, fuel delivery, towing etc., even if you are stuck in the middle of the road with this roadside assistance cover.

  • Personal accident cover

It provides coverage in the event of permanent disabilities, injuries or accidental death sustained by the insured driver.

  • NCB protection cover

With this add-on, you will get a guaranteed NCB reward by allowing a certain number of claims in a single year.

  • Zero depreciation cover

The zero depreciation cover protects you against the depreciation value of the Porsche car and minimises out-of-pocket expenses during the claim.


Read More: Add-on covers for car insurance

Porsche Insurance Claim Process

You have the following two ways to proceed with the Porsche Insurance Claim Process:

  • Cashless Claim procedure

In a cashless claim procedure, you can take your car to a garage that is in tie with your insurance company. Your insurer will directly settle the repair expenses with the network garage.


Here are the steps that will guide you to file a cashless claim:


Step 1: Reach out to the insurance provider by visiting their official website or calling on the toll-free number and state the details of the incident.


Step 2: Take photographs of the damaged area as evidence and take your car to any network garage.


Step 3: On scrutinising the evidence and condition of the car, the insurance provider will accept the claim and will directly pay the repair cost to the authorised garage.

  • Reimbursement Claim Process

Under the reimbursement claim process, you can take your car to get it fixed from any garage of your preference. However, the repair expenses incurred will be initially paid by you. Later on claiming compensation, your insurer will reimburse the amount to the mandated account.


You can follow the steps mentioned below to file a reimbursement claim:


Step 1: Notify your insurer about the extent of damage and take the car to any garage.


Step 2: Submit the claim report. Only then the garage will start with the damage repair process.


Step 3: Provide the bill to get reimbursement for the repair expenses.


Here are the documents that you need to keep in order to go ahead with any claim process.


  • Registration certificate of the car

  • Insurer details

  • Copy of the insurance policy

  • Payment receipt

  • Repair bills

  • FIR in case of third-party damage or theft

  • Driver’s licence

  • Tax receipt

Read More: Car Claim Settlement Process

How to Reduce Insurance Cost of Porsche

Here are some tips you can use to reduce your Porsche insurance cost:

  • Take advantage of NCB

You will get No Claim Bonus for every claim-free year. Check the NCB amount before renewing the policy to save on the renewal cost.

  • Avoid filing claims for small things

Avoid filing claims for minor repairs. It will secure your NCB rewards and later can be used to get a reduction during insurance renewal.

  • Compare insurance premiums

Before you get insurance, always compare the insurance price for Porsche from different providers as it will help you to make an informed decision.

  • Install Anti-theft devices

Another way you can reduce your insurance premium is by installing anti-theft devices like anti-theft alarms, gear locks etc.

  • Maintain your car

The car insurance premium also depends on the car’s condition. So make sure you maintain your car and get it serviced on a regular basis.


A car insurance policy acts as a financial cushion for your Porsche in case of any unfortunate accident. It will protect your car against unforeseen losses/damages caused by natural calamity, theft, accidents, and more. So, if you are looking for car insurance, check the insurance plans at Bajaj MARKETS and apply now.

Check Out Car Insurance Plans Available at Bajaj MARKETS

FAQs on Porsche Car Insurance

  • ✔️Can I buy Porsche car insurance online?

     Yes, you can buy Porsche car insurance online on Bajaj MARKETS.

  • ✔️Can I opt for add-on covers under a third-party Porsche car insurance plan?

     No. Add-on covers can be availed under comprehensive car insurance plans only.

  • ✔️Should I carry the car insurance plan every time I drive my Porsche?

     Yes. You must always carry your insurance document while driving your insured vehicle.

  • ✔️Can I buy Porsche car insurance for 3 years?

     Yes. You can buy a Porsche car insurance cover for 3 years.

  • ✔️Can I choose a lower IDV for my Porsche car insurance?

    IDV (Insured Declared Value) is the maximum amount you would receive in case of total loss or theft. Although a lower IDV would mean a lower premium as well, it is best to set an appropriate insured declared value for your car–neither less, nor more.