Porsche Panamera Insurance Rates

More often than not, trying to find reliable car insurance quotes can seem like a headache. That’s why you should know that the average Porsche Panamera insurance costs drivers $2,190 a year for full coverage, which boils down to a $183 monthly insurance bill.

While there are a variety of factors that come into play, the age and location of the driver play a huge role. For example, younger drivers who live in major cities typically pay more than older drivers who live in rural areas.

We have outlined all the information you need to know in this helpful guide. Feel encouraged to read through the details of this comprehensive guide and enter your five-digit ZIP code in the box above to start comparing Porsche Panamera insurance rates from multiple providers.

Estimated auto insurance rates for a Porsche Panamera are $1,390 annually for full coverage. Comprehensive costs an estimated $300, collision costs $458, and liability costs $474. A policy with only liability insurance costs as little as $522 a year, with a high-risk policy costing around $2,992. Teen drivers pay the most at $5,226 a year or more.

Average premium for full coverage: $1,390

Premium estimates broken down by type of coverage:

Estimates include $500 deductible amounts, 30/60 bodily injury liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all states and for all Panamera models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location can have significant affects on insurance rates. More rural locations are statistically proven to have fewer accident claims than larger metro areas.

The example below illustrates how rural and urban location affects insurance prices.

These rate differences show why everyone should compare rates for a targeted area and their own personal driving habits, instead of using price averages.

Use the form below to get customized rates for your location.

Additional Rate Analysis

The chart below shows estimated Porsche Panamera insurance rates for other coverage scenarios.

• The lowest rate with discounts is $809
• Drivers who choose higher $1,000 deductibles will pay approximately $174 a year
• The estimated rate for a 40-year-old good driver who has $500 deductibles is $1,390
• Choosing pricier low deductibles for comprehensive and collision insurance will cost $1,718
• Higher-risk drivers with multiple violations and an at-fault accident could pay up to $2,992 or more
• An auto insurance policy with full coverage for a teen driver for full coverage can cost as much as $5,226 a year

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Car insurance prices for a Porsche Panamera also have a wide range based on the model of your Panamera, your driver profile, and liability limits and deductibles.

A more mature driver with no driving violations and high physical damage deductibles may pay as little as $1,300 per year on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they will be charged at least $5,200 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you could be paying $1,600 to $2,300 extra annually, depending on your age. Porsche Panamera insurance for high-risk drivers can cost as much as 44% to 129% more than average. View High Risk Driver Rates

Choosing high deductibles could save up to $510 every year, whereas buying more liability protection will increase premiums. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $426 extra every 12 months. View Rates by Deductible or Liability Limit

Where you choose to live makes a big difference in Porsche Panamera insurance prices. A 40-year-old driver could pay as low as $910 a year in states like Iowa, Maine, and Idaho, or as much as $1,980 on average in New York, Louisiana, and Michigan.

View Chart as Image

With such a large range in prices, the only way to know which insurance company is cheapest is to regularly compare prices and see which company has the best price. Every company uses a different rate calculation, so rate quotes will be substantially different between companies.

Insurance Rates by Trim Level and Model Year

Rates assume 2011 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Buy Low Cost Porsche Panamera Insurance

Finding better rates on car insurance not only requires having a good driving record, but also having a good credit score, not filing small claims, and not having any coverage lapses. Set aside time to shop around at every other renewal by getting rate quotes from direct carriers, and also from local exclusive and independent agents.

The next list is a review of the concepts that were raised in the charts and tables above.

• Higher risk drivers who have several accidents or serious violations may pay on average $1,600 more annually to buy Porsche Panamera insurance
• Drivers age 20 and younger have the highest car insurance prices, as much as $436 per month if comprehensive and collision insurance is included
• Drivers can save approximately $170 per year simply by quoting online well ahead of the renewal date
• Increasing policy deductibles could save up to $500 each year
• Drivers can save approximately $170 per year simply by quoting online well ahead of the renewal date

To this point, we’ve gone over a lot of details as it pertains to Porsche Panamera insurance rates. In order to figure out what Porsche Panamera rates you qualify for, use our free online tool below.

What are the safety ratings of the Porsche Panamera?

Average insurance for a Porsche Panamera can vary depending upon the safety ratings and features of the particular model you drive.

Unfortunately, the NHTSA and IIHS have not listed official crash test results for the Porsche Panamera but you can take a look at the features included below:

• Electronic Stability Control (ESC)
• ABS And Driveline Traction Control
• Side Impact Beams
• Dual Stage Driver & Passenger Seat-Mounted Side Airbags
• ParkAssist Front & Rear Parking Sensors
• Tire Specific Low Tire Pressure Warning
• Dual Stage Driver & Passenger Front Airbags
• Curtain 1st And 2nd Row Airbags
• Airbag Occupancy Sensor
• Driver And Passenger Knee Airbag 
• Rear Side-Impact Airbag
• Rear Child Safety Locks
• Outboard Front Lap And Shoulder Safety Belts
• Back-Up Camera

All of the safety features listed above can contribute to lower Porsche Panamera insurance rates so be sure to keep these in mind when shopping for a policy.

Porsche Panamera Compared Against Other Vehicles in the Same Class

Experts from the Insurance Institute for Highway Safety (IIHS) classify the Porsche Panamera as a large luxury sports car.

If you are curious to know how the Porsche Panamera stacks up to other similar models, take a look at the following three vehicles. Each page provides information on the insurance rates for each comparable model so you can cross-reference them with the Porsche Panamera.

• Audi R8
• Chevrolet Camaro
• Maserati Granturismo

Data from the IIHS shows that the Porsche Panamera has a property damage loss percentage of -29 percent. This is more than can be said for a lot of the competition, which will contribute to lower insurance rates.

Now that we have gone into great detail about how Porsche Panamera insurance rates are calculated, is there anything we might have missed? If not, start comparing Porsche Panamera quotes from multiple companies by taking advantage of our free online tool.