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.

U.S. average insurance rates for a Porsche Panamera are $1,390 a year for full coverage insurance. Comprehensive insurance costs around $300 a year, collision insurance costs $458, and liability costs $474. Buying just liability costs as little as $522 a year, and insurance for high-risk drivers costs $2,992 or more. 16-year-old drivers pay the highest rates at up to $5,226 a year.

Average premium for full coverage: $1,390

Price estimates for individual coverage:

Full coverage includes $500 policy deductibles, liability coverage up to 30/60, and includes medical and UM/UIM coverage. Estimates are averaged for all 50 states and Panamera trim levels.

Price Range from Low to High

Geographic Price Range

Your location can make a big difference on car insurance rates. Areas with sparse population have a lower frequency of physical damage claims than congested cities. The diagram below illustrates the effect of geographic area on auto insurance rates.

The ranges above illustrate why it is important to compare rates for a specific zip code and risk profile, instead of making a decision based on rate averages.

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

More Rate Details

The chart below illustrates average Porsche Panamera insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $809
• Drivers who choose higher $1,000 deductibles will pay about $1,216 each year
• The average rate for the average middle-age driver using $500 deductibles is $1,390
• Buying low $100 deductibles for comprehensive and collision insurance will cost an extra $328 annually
• Drivers with multiple tickets or accidents could pay at least $2,992
• The price for full coverage for a 16-year-old driver can be $5,226 a year

View Chart as Image

Insurance prices for a Porsche Panamera are also quite variable based on your driving record, the model year and trim level, and deductibles and policy limits.

Older drivers with no violations or accidents and high deductibles may pay as low as $1,300 per year on average for full coverage. Prices are highest for teenage drivers, where even good drivers should be prepared to pay as much as $5,200 a year. View Rates by Age

The state you live in 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 Vermont, Wisconsin, and North Carolina, or at least $1,880 on average in Michigan, New York, and Florida.

View Chart as Image

Opting for high physical damage deductibles could save up to $510 annually, while buying higher liability limits will increase prices. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $426 more each year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are probably paying at least $1,600 to $2,300 additional each year, depending on your age. A high-risk auto insurance policy can cost from 44% to 129% more than the average rate. View High Risk Driver Rates

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 Find More Affordable Porsche Panamera Insurance

Getting lower rates on insurance for a Porsche Panamera not only requires avoiding accidents and claims, but also having a good credit history, not filing small claims, and deciding if full coverage is necessary. Take the time to compare rates every time your policy renews by quoting rates from direct insurance companies like Progressive and GEICO, and also from local exclusive and independent agents.

The points below are a summary of the information covered in the above illustrations.

• It is possible to save up to $170 per year just by quoting early and online
• Drivers under the age of 20 are charged the highest prices, as much as $436 a month including comprehensive and collision insurance
• Increasing physical damage deductibles can save around $500 each year
• Drivers considered higher risk who have multiple accidents or major violations may pay on average $1,600 more every year to insure a Porsche Panamera
• Insureds who may need increased liability limits will pay around $520 annually to go from a low limit to 250/500 limits

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.