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. Comprehensive insurance costs around $300, collision costs $458, and liability coverage costs around $474. Liability-only coverage costs as low as $522 a year, with high-risk coverage costing $2,992 or more. Teens pay the highest rates at $5,226 a year or more.

Average premium for full coverage: $1,390

Price estimates for individual coverage:

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

Price Range from Low to High

Geographic Price Range

Where you live has a large influence on auto insurance rates. Areas with sparse population have lower incidents of accident claims than cities with more traffic congestion.

The price range example below illustrates how location impacts auto insurance rates.

The ranges above show why anyone shopping for car insurance should compare prices for a specific zip code, rather than using averaged prices.

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

Rates by State, City, and Model

The chart below shows estimated Porsche Panamera insurance rates for additional coverage choices and driver risks.

• The cheapest rate after discounts is $809
• Using higher $1,000 deductibles will save about $174 a year
• The estimated price for the average middle-age driver using $500 deductibles is $1,390
• Selecting more expensive low deductibles for physical damage coverage will cost an additional $328 each year
• Higher-risk drivers with serious driving violations could pay at least $2,992 or more
• The price that insures a teenage driver with full coverage can be $5,226 or more

View Chart as Image

Auto insurance prices for a Porsche Panamera are also quite variable based on the model year and trim level, how you drive, and deductibles and policy limits.

If you have some driving violations or you caused an accident, you could be paying at least $1,600 to $2,300 in extra premium each year, depending on your age. High-risk driver insurance can be around 44% to 129% more than the average policy. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles may only pay around $1,300 a year for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will have to pay as much as $5,200 a year. View Rates by Age

The state you live in has a huge impact on Porsche Panamera insurance rates. A driver around age 40 might see prices as low as $910 a year in states like Idaho, Maine, and Iowa, or have to pay at least $1,980 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $510 a year, while increasing your policy's liability limits will increase prices. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $426 extra every year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to know your exact price is to compare prices and see how they stack up. Each insurance company calculates prices differently, and quoted prices may be quite 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 Find More Affordable Porsche Panamera Insurance

Getting lower rates on auto insurance requires having a decent driving record, maintaining a good credit score, eliminating unnecessary coverage, and maximizing policy discounts. Compare rates every time your policy renews by obtaining price quotes from direct carriers, and also from several local insurance agents.

The following items are a summary of the information touched on above.

• Drivers can save up to $170 per year simply by shopping early and online
• 16 to 18-year-old drivers are expensive to insure, with premiums as much as $436 a month if the policy includes full coverage
• Increasing physical damage deductibles can save approximately $500 each year
• Drivers who have multiple accidents or major violations pay on average $1,600 more every year than a driver with a clean driving record
• Consumers who may need additional liability coverage will pay approximately $520 each year to increase from a low limit to the 250/500 level

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.