Porsche offers owners with its mileage based-insurance, the Porsche Auto Insurance, currently being offered to all Porsche owners with vehicles from 1981 and newer that are garaged in Illinois or Oregon.
The insurance, established in partnership between Porsche Financial Services and Mile Auto, is a tailored coverage being made available to Porsche drivers with a low base rate and simplifies the process of presenting the mileage used. Drivers would only need to upload a photo of their vehicle’s odometer and Porsche Auto Insurance will take it from there. It will be using Mile Auto's patented computer vision technology to verify the car and the mileage from the submitted photo.
“Innovation has been at the core of Porsche's success story for the last 70 years,” said Ross Dupper, president and CEO of Porsche Financial Services, the dedicated provider of leasing and financing products for Porsche in the U.S. “The launch of Porsche Auto Insurance marks another innovation adding to the success of the next 70 years.”
Additionally, Porsche Auto Insurance clients will be provided with remarkable service and full transparency on mileage data collection plus access to various benefits exclusive to them that complement their Porsche vehicle.
“Porsche customers deserve an insurance product that fits their lifestyle and their Porsche. Mile Auto is excited to partner with PFS in delivering a product worthy of the Porsche Crest,” said Fred Blumer, CEO of Mile Auto, the pay-per-mile insurance provider of Porsche Auto Insurance.
Porsche Auto Insurance will also be offered in other states in the future.