Porsche Financial Services Partners with Mile Auto

Porsche Financial Services and Mile Auto announced an agreement to establish Porsche Auto Insurance, a new solution to meet the “unique needs of Porsche drivers.” Launching a pilot in Oregon and Illinois in early 2019, Porsche Auto Insurance customers will receive tailored rates, “exceptional service,” and full transparency on mileage data collection. Rates for the coverage will be calculated by combining a monthly base rate, determined using traditional insurance variables such as the customer’s vehicle type and driving history, plus a low per-mile rate.

“We know that many Porsche drivers exhibit low-mileage driving habits, making them a perfect fit for a pay-per-mile model with non-invasive technology.” – President and CEO of Porsche Financial Services, Ross Dupper.

“Where you go is your business, not your insurance company’s. We only track the miles you drive, not where you drive them, because we want you to enjoy driving your Porsche with peace of mind.” – CEO of Mile Auto, Fred Blumer.