Pricing on Porsche/Safe-Guard Protection Plan, Both Deductibles
For those interested, and as I asserted earlier in this thread, I finally got around to getting a quote from my local dealership (
Porsche Clifton Park | New Porsche Dealership in Mechanicville, NY). Actually, I emailed the sales mgr. two weeks ago, but despite my asking for quotes on all (i.e., both) deductibles, he only returned quotes for one of them; I followed up this morning, and got what I was looking for.
This is the plan that is sold at, I gather, only some Porsche dealerships. It is offered by Porsche and underwritten by Safe-Guard (see policy, below). It takes effect after the factory warranty expires, and must be purchased any time before that occurs, and the lengths listed in the extended plan include the original warranty period (e.g., 120 months listed in the plan means an 60 additional months after the original factory warranty of 60 months, and the same thing for mileage).
Here are the prices:
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I will probably go with the maximum one, i.e., 120 months or 100,000 miles. Pre-pandemic, my wife and I had been putting c. 17,000 miles per year on a car (we typically have only one car, and one motorcycle), pretty much like clockwork, for the last decade or so. And we typically keep cars for, oh, seven to ten years.
Deductibles:
As you can see at
Porsche Protection Plan Products - Porsche USA (and then click on Porsche Vehicle Service Protection), there are two deductible options.
The first is $100, and if a service claim is performed at the selling dealership that changes to $0, what they call a disappearing deductible.
The second is $250, and does not disappear. I will probably be getting this one, because the price difference for that maximum length is $782. That means, compared to $0, that I would have to have four or more claims (4 X $250) before it would have been cheaper to get the $100/$0 plan. I hope not to use this at all, as it for peace of mind (and, yes, I know a lot of folks think this is silly, counterproductive, I should self-insure for prospective maintenance problems, and so forth, but we are not having that discussion now.)
Safe-Guard:
You can see in the very first paragraph of the policy (below), "INTRODUCTION AND PARTIES," that:
The obligations arising out of the Porsche Protection Plan Vehicle Service Protection vehicle service contract ("Agreement") are between Safe-Guard Products International, LLC ... and the Customer ...
That should answer that question, i.e., who's the underwriter.
The Policy:
As discussed already in this thread, the Safe-Guard Platinum plan seems to cover more parts of the car, e.g., the suspension, than the Fidelity plans. That's why I'm opting for the former.
If you want to read an actual policy, here's the one the dealership sent me. It's a 16-page PDF file, and includes those two pages of pricing information I've shown above (as JPG files).
I'll probably take care of this shortly -- our '18 Macan S has 43,000-something miles on it -- just to get it out of the way, avoid any price increases (although I don't have any indication of those), and given that our internet savings accounts aren't making much these days (as I said, I'm risk averse, so I don't play the markets and suchlike).
That's all I got.