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Porsche tests its own insurance product in two u.s. states



26th of June 2019 11:30

Photo : Freepik

The automotive manufacturing Porsche is launching its own insurance product for drivers of vehicles of this brand in two states. It is the insurer Mile Car that is behind the insurance product.

The owners of Porsche vehicles of the Illinois and Oregon will benefit from a tariff based on the kilometres they travel, but without the use of a device telematics. The insured does not have to send in a picture of their odometer to show the distance travelled. Porsche calls this method in order not to ” compromise confidentiality “.

Porsche plans to expand its offering to other states later.

“Innovation is at the heart of the success of Porsche for the past 70 years, argues Ross Dupper, president and ceo of Porsche Financial Services, a provider of rental products and financing for the account of Porsche in the United States. The launch of Porsche Auto Insurance is another innovation that contributes to the success of the next 70 years. “

“The customers of Porsche deserve an insurance product adapted to their life style and their Porsche. Mile Auto is delighted to partner with Porsche Financial Services to provide a product worthy of the logo of the Porsche, ” adds Fred Blumer, CEO of Mile Auto.

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