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Cars

Published on November 13th, 2019 | by Zachary Shahan

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Porsche Financial Services Rolling Out EV-Specific Insurance

November 13th, 2019 by  


Porsche Taycan

Photo by Ryan Mitchell, CleanTechnica

Porsche has a new EV-specific insurance policy called “Taycan policy.” The insurance offering adds battery and charging station insurance to typical mobility insurance.

Here are some more details from Porsche: “Furthermore, the digital insurance package ‘Porsche Shield’ – which can be used to add extra insurance components to an existing car insurance policy – has been expanded to include ‘E-Cover’.”

“A highlight of ‘E-Cover’ is the original price protection for the battery in the event of damage. Extensive cyber protection is another innovative component of the product,” Holger Peters, CEO at Porsche Financial Services, added.

Aside from the Taycan, Porsche’s plug-in hybrid models can also now use E-Cover. Those are plug-in hybrid trims of the Cayenne and Panamera.

Nope — there’s no info on cost for any of this. As usual, insurance is quite personalized, so you just have to buy a Taycan and communicate with Porsche Financial Services if you want to know about Taycan insurance pricing. Also — it’s Porsche, it’s gonna be ‘spensive.

No offense to potential Porsche buyers, but if the insurance cost is a big deal for you, you shouldn’t be buying a Porsche anyway.

If you’d like to buy a more affordable Tesla, on the other hand, feel free to use my referral code — https://ts.la/zachary63404 — which provides 1,000 miles of free Supercharging. Performance of a Porsche for the cost of an Accord. 😉 If you do go ahead and buy a Porsche Taycan and get the Taycan insurance, we’d love to hear more about the car and the insurance policy. 
 

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About the Author

is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he does not offer (explicitly or implicitly) investment advice of any sort on Tesla or any other company.



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