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 $1,330 a year for full coverage. Comprehensive insurance costs around $282, collision costs $416, and liability insurance costs $474. Liability-only insurance costs as little as $522 a year, with high-risk driver insurance costing $2,858 or more. Teen drivers pay the highest rates at $5,034 a year or more.

Average premium for full coverage: $1,330

Price estimates for individual coverage:

Price estimates include $500 deductible amounts, liability coverage up to 30/60, and includes medical and uninsured motorist coverage. Estimates are averaged for all states and for different Panamera trim levels.

Price Range from Low to High

Geographic Price Range

Your location has a significant impact on auto insurance rates. Areas with sparse population have a lower frequency of accident claims than larger metro areas.

The price range example below illustrates how where you live affects auto insurance rates.

The ranges above show why anyone shopping for car insurance should compare rates for a specific zip code and risk profile, rather than relying on price averages.

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

Detailed Rate Analysis

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

• The lowest rate with discounts is $780
• Drivers who choose higher $1,000 deductibles will pay about $160 a year
• The average rate for the average middle-age driver using $500 deductibles is $1,330
• Choosing more expensive low deductibles for comprehensive and collision insurance will cost an extra $302 a year
• High risk drivers with multiple violations and an at-fault accident could pay at least $2,858 or more
• The price for full coverage for a teen driver with full coverage can be $5,034 a year

View Chart as Image

Car insurance prices for a Porsche Panamera are also quite variable based on your driving record, the trim level of your Panamera, and deductibles and policy limits.

An older driver with no driving violations and high deductibles could pay as little as $1,200 per year on average for full coverage. Prices are highest for teenage drivers, where even good drivers will be charged as much as $5,000 a year. View Rates by Age

The state you live in makes a big difference in Porsche Panamera insurance rates. A 40-year-old driver could pay as low as $880 a year in states like Idaho, Maine, and Iowa, or as much as $1,900 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing high deductibles could save up to $470 each year, while increasing your policy's liability limits will increase prices. Going from a 50/100 limit to a 250/500 limit will increase prices by as much as $426 extra every 12 months. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you could be paying at least $1,600 to $2,200 extra each year, depending on your age. High-risk driver insurance can cost anywhere from 44% to 134% more than average. View High Risk Driver Rates

Since prices can be so different, the only way to know your exact price is to compare prices from as many companies as possible. Every company uses a different rate calculation, so rate quotes may be quite different from one company to the next.

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 Cheaper Porsche Panamera Insurance

Getting lower rates on Porsche Panamera insurance not only requires having a good driving record, but also having above-average credit, eliminating unnecessary coverage, and qualifying for all possible discounts. Take the time to comparison shop every time your policy renews by requesting quotes from direct carriers like Progressive and GEICO, and also from local insurance agents.

The next list is a condensed summary of the information touched on in the above illustrations.

• Drivers can save up to $160 per year simply by shopping early and online
• Drivers age 20 and younger are the costliest to insure, with premiums as much as $420 a month if full coverage is included
• Increasing physical damage deductibles can save around $450 each year
• High-risk drivers with multiple at-fault accidents may be required to pay an average of $1,530 more every year to buy Porsche Panamera insurance
• Drivers who may need increased levels of liability coverage will pay about $520 each year 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.