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.

Average auto insurance rates for a Porsche Panamera are $1,330 annually for full coverage. Comprehensive costs an estimated $282 a year, collision insurance costs $416, and liability costs $474. A liability-only policy costs as little as $522 a year, and high-risk insurance costs around $2,858. Teenage drivers receive the highest rates at up to $5,034 a year.

Average premium for full coverage: $1,330

Rate estimates broken down by individual coverage type:

These estimates include $500 policy deductibles, minimum liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all states and Panamera trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location can have significant affects on insurance rates. More rural locations tend to have fewer accident claims than densely populated cities. The diagram below illustrates how where you live affects insurance prices.

These examples show why it is important to compare rates for a targeted area and their own personal driving habits, instead of using 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 other coverage scenarios.

• The best discount rate is $780
• Drivers who choose higher $1,000 deductibles will pay approximately $1,170 a year
• The estimated rate for a 40-year-old driver who has $500 deductibles is $1,330
• Using low $100 deductibles for comprehensive and collision insurance will cost $1,632
• Higher-risk drivers who are prone to accidents and violations could pay up to $2,858
• The cost with full coverage for a teen driver can cost as much as $5,034 a year

View Chart as Image

Insurance rates for a Porsche Panamera can also vary considerably based on the trim level of your Panamera, your driver profile, and liability limits and deductibles.

Older drivers with a clean driving record and high physical damage deductibles may pay as little as $1,200 per year on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they can expect to pay at least $5,000 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you could be paying $1,600 to $2,200 extra per year, depending on your age. A high-risk auto insurance policy can cost as much as 44% to 134% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could save up to $470 every year, while buying higher liability limits will increase premiums. Going from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $426 more per year. View Rates by Deductible or Liability Limit

Where you live makes a big difference in Porsche Panamera insurance prices. A 40-year-old driver could pay as low as $880 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,900 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 Buy Cheap Porsche Panamera Insurance

Saving money on car insurance not only requires avoiding accidents and claims, but also having a good credit history, eliminating unneeded coverage, and deciding if full coverage is necessary. Take the time to comparison shop every couple of years by quoting rates from direct carriers like Progressive and GEICO, and also from local exclusive and independent agents.

The points below are a brief summary of the material that was touched on in the above illustrations.

• Policyholders who want increased liability limits will pay an extra $520 each year to go from a minimum limit to higher 250/500 limits
• Drivers under the age of 20 are charged the highest rates, costing as high as $420 per month including comprehensive and collision insurance
• Higher risk drivers that tend to have accidents or serious violations may pay on average $1,530 more annually to insure a Porsche Panamera
• Increasing deductibles could save up to $450 each year

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.