While Tesla owners in Canada wait for the expansion of Tesla Insurance, Porsche customers can now sign up for Porsche Insurance north of the border.
The German automaker announced this week they are partnering with the global professional services firm Aon Reed Stenhouse to offer direct, high-quality insurance to customers in Canada.
According to a press release, customers can also bundle their auto insurance with other offers such as home insurance.
David Williams, President and CEO of Porsche Financial Services Canada, said this about the new offer:
We are pleased to offer customers of the brand a compelling vehicle insurance option. By combining our sports car expertise with Aon’s coverage know-how, Porsche insurance brings peace of mind to the most discerning customers.
In the event of a claim, Porsche Insurance customers will receive:
- OEM replacement parts.
- Installations by Porsche-trained technicians at brand-approved facilities.
- A complimentary comparable rental vehicle as they wait for a repair.
In addition, if a new vehicle’s claim is determined to be a total loss within the first 24 months from the purchase date, the customer will receive the vehicle’s total value without depreciation.
In an interesting turn, it appears as though you can’t insure the electric Taycan, but you can insure more than just Porsche vehicles. We were able to get insurance quotes for both a Tesla Model 3 Standard Range Plus and Tesla Model Y Long Range for $180/month and $206/month respectively. The coverage amounts can be seen below.
As well, it appears that the insurance offering is limited to only Ontario for the time being. When we tried to enter in a British Columbia postal code, we got an error saying it had to be an Ontario postal code.
The insurance page for Porsche is live, and you can request a quote here.