Porsche Rolls Out Own Car Insurance
June 21, 2019—Porsche on Thursday announced that it is launching a mileage-based car insurance program, according to CNET. Porsche Auto Insurance will be offered to owners of 1981 models or newer, so long as the vehicles are housed in Illinois and Oregon.
Porsche's car insurance will track the mileage of each vehicle in a simple way: Just take a photo of the odometer and send it to Porsche. There's no app or tracking device necessary, which Porsche says will be a benefit to an owner's privacy.
Having Porsche's own insurance means that repairs stemming from claims will always use genuine parts. There's also a dedicated claims concierge for when things go wrong, the automaker said. The automaker also offers agreed value coverage, which means Porsche will pay out an agreed-upon value for the car in the event of a total loss.