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 insurance prices for a Porsche Panamera are $1,330 every 12 months including full coverage. Comprehensive insurance costs approximately $282 each year, collision costs $416, and liability costs around $474. Liability-only insurance costs as low as $522 a year, with high-risk driver insurance costing $2,858 or more. Teens pay the most at $5,034 a year or more.

Average premium for full coverage: $1,330

Premium estimates by type of coverage:

These estimates include $500 comprehensive and collision deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Rates include averaging for all 50 U.S. states and Panamera models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live can have significant affects on car insurance prices. Rural locations are statistically proven to have more infrequent comprehensive and collision claims than cities with more traffic congestion.

The graphic below illustrates how where you live affects auto insurance prices.

These rate differences highlight why all drivers should compare prices using their specific location and their own driving history, instead of using averaged prices.

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

More Rate Information

The chart below breaks down estimated Porsche Panamera insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $780
• Using higher $1,000 deductibles will save $160 every year
• The average price for a 40-year-old good driver who chooses $500 deductibles is $1,330
• Selecting low deductibles for physical damage coverage costs an extra $302 every year
• Drivers with serious driving violations could pay around $2,858 or more
• An auto insurance policy to insure a teen driver can cost $5,034 or more

View Chart as Image

Insurance prices for a Porsche Panamera also have a wide range based on physical damage deductibles and liability limits, your driving characteristics, and the model of your Panamera.

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $470 every year, whereas increasing liability limits will push prices upward. Changing from a 50/100 liability limit to a 250/500 limit will cost up to $426 more each year. View Rates by Deductible or Liability Limit

More mature drivers with no violations or accidents and higher deductibles may pay as little as $1,200 a year, or $100 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers should be prepared to pay in the ballpark of $5,000 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are likely paying anywhere from $1,600 to $2,200 additional annually, depending on your age. Insurance for high-risk drivers can be as much as 44% to 134% more than the average policy. View High Risk Driver Rates

Where you choose to live has a huge impact on Porsche Panamera insurance prices. A driver around age 40 might see prices as low as $1,020 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $1,900 on average in Louisiana, New York, and Michigan.

View Chart as Image

With such a large range in prices, the best way to figure out who has the best auto insurance prices is to do a rate comparison and see which company has the best price. Each insurance company calculates prices differently, and prices will be substantially different.

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 Cheap Porsche Panamera Insurance

Finding better rates on car insurance requires avoiding accidents and violations, having above-average credit, refrain from filing small claims, and qualifying for all possible discounts. Take the time to comparison shop at every other renewal by obtaining price quotes from direct car insurance companies, and also from your local car insurance providers.

The list below is a brief summary of the concepts that were touched on in the above illustrations.

• Higher risk drivers that tend to have accidents or serious violations could be charged and average of $1,530 more per year for car insurance
• Teenagers are the costliest to insure, with the cost nearing $420 per month if full coverage is included
• You may be able to save around $160 per year simply by quoting online in advance
• Increasing policy deductibles could save as much as $450 each year
• You may be able to save around $160 per year simply by quoting online in advance

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.