- porsche financial services has launched a pilot insurance program for owners of the brand's cars in illinois and oregon.
- owners of 1981 or newer porsches are eligible to sign on for the insurance and its accompanying "claims concierge" service.
- prices are tied in part to the number of miles on the porsche's odometer.
if your porsche-branded jacket and watch aren't enough accoutrements for your classic 911, listen up. the german automaker has started offering its own auto insurance in two u.s. states, and it could be a good fit especially for owners of porsches that are not driven that often.
porsche auto insurance is a new service run by porsche financial services for porsche drivers in illinois and oregon, for now, with plans to expand to other states in the future. only porsches made in 1981 or later are eligible, and the insurance rate is based on the miles the car is driven. the company calculates your cost based on a picture of your odometer. porsche is highlighting the privacy angle of the service, calling tracking devices or required smartphone apps that other insurers use "invasive."
other automakers already offer a version of auto insurance to their customers, but only as part of vehicle subscription or lease services, such as hyundai plus, or included in car-sharing plans, like reachnow from bmw. porsche also offers its own vehicle-subscription plan called passport; it costs either $2000 or $3000 per month and includes insurance with a $1000 deductible, and it's currently only available in atlanta.