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.

The average insurance prices for a Porsche Panamera are $1,390 every 12 months for full coverage. Comprehensive costs approximately $300 a year, collision insurance costs $458, and liability costs around $474. A liability-only policy costs as low as $522 a year, and high-risk insurance costs around $2,992. Teenage drivers cost the most to insure at up to $5,226 a year.

Average premium for full coverage: $1,390

Policy rates by type of insurance:

Full coverage includes $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all states and Panamera trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on car insurance rates. Rural locations are shown to have more infrequent accident claims than densely populated cities. The diagram below illustrates the difference between rural and urban areas on auto insurance prices.

The examples above show why it is important to compare prices using their specific location and their own driving history, instead of making a decision based on average rates.

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

Detailed Rate Analysis

The chart below shows average Porsche Panamera insurance rates for additional coverage and risk scenarios.

• The best discount rate is $809
• Using higher $1,000 deductibles will save $1,216 a year
• The average price for a good driver age 40 who chooses $500 deductibles is $1,390
• Using low $100 deductibles for physical damage coverage increases the price to $1,718
• High-risk insureds who are prone to accidents and violations could pay around $2,992
• Policy cost to insure a 16-year-old driver can cost $5,226 or more

View Chart as Image

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

Using high physical damage deductibles could cut rates by as much as $510 annually, while buying higher liability limits will push rates upward. Going from a 50/100 liability limit to a 250/500 limit will raise rates by up to $426 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may pay as low as $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will be charged in the ballpark of $5,200 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you could be paying anywhere from $1,600 to $2,300 extra every year, depending on your age. A high-risk auto insurance policy can be from 44% to 129% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Porsche Panamera insurance prices. A driver around age 40 might see rates as low as $910 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,980 on average in New York, Louisiana, and Michigan.

View Chart as Image

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 Shop for More Affordable Porsche Panamera Insurance

Finding cheaper rates on insurance for a Porsche Panamera requires having a decent driving record, maintaining a good credit score, avoid buying unnecessary coverage, and attention to physical damage deductibles. Set aside time to compare rates at least once a year by requesting quotes from direct carriers, and also from your local independent and exclusive agents.

The following items are a summary of the primary concepts that were covered above.

• Drivers can save around $170 per year just by quoting early and online
• Drivers considered higher risk who have multiple accidents or major violations may pay on average $1,600 more per year than a driver with a clean driving record
• Increasing comprehensive and collision deductibles could save as much as $500 each year
• 16 to 18-year-old drivers pay the highest auto insurance rates, costing up to $436 each month if the policy includes full coverage

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.