The name needs no introduction: Porsche is synonymous with luxury. The German manufacturer has deep roots in the automotive world, and is known for producing high-performance sports cars, SUVs and sedans. Porsches are high profile and expensive, and they’re fairly rare—Porsche reported selling just over 9,000 vehicles in Canada in 2019 compared to more than 288,000 vehicles sold by Ford, the country’s best-selling brand.
Because the Insurance Bureau of Canada only publishes statistics on car models with more than 1,500 vehicles registered for insurance nationwide, Porsche auto insurance data is more limited compared to mass-produced (and more affordable) brands. Just like the vehicle’s retail price, the average Porsche insurance cost is typically more expensive than premiums you would pay on a standard car.