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 auto insurance rates for a Porsche Panamera are $1,458 annually with full coverage. Comprehensive costs on average $322, collision insurance costs $500, and liability costs $478. A policy with only liability insurance costs as little as $526 a year, and a high-risk policy costs around $3,142. Teens pay the most at up to $5,444 a year.

Average premium for full coverage: $1,458

Premium estimates by type of coverage:

Prices include $500 deductible amounts, 30/60 liability limits, and includes uninsured motorist and medical coverage. Rates include averaging for all U.S. states and for different Panamera trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location can make a big difference on auto insurance rates. Rural areas are statistically proven to have fewer collision claims than cities with more traffic congestion. The price range example below illustrates the difference between rural and urban areas on car insurance rates.

These rate differences demonstrate why anyone shopping for car insurance should compare rates based on a specific location and their own personal driving habits, instead of making a decision based on averaged prices.

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

Additional Rate Information

The chart below details average Porsche Panamera insurance rates for different risk profiles and scenarios.

• The cheapest rate after discounts is $846
• Drivers who choose higher $1,000 deductibles will pay around $188 annually
• The estimated rate for a 40-year-old good driver with $500 deductibles is $1,458
• Selecting more expensive low deductibles for comprehensive and collision insurance will cost $1,816
• Drivers with serious driving violations could pay upwards of $3,142
• An auto insurance policy with full coverage for a 16-year-old driver with full coverage may cost $5,444 a year

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Car insurance prices for a Porsche Panamera also have a wide range based on the model of your Panamera, your driving record, and policy deductibles and limits.

An older driver with no driving violations and high physical damage deductibles may pay as low as $1,400 per year on average, or $117 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they will be charged upwards of $5,400 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you may be forking out at a minimum $1,700 to $2,400 extra annually, depending on your age. High-risk driver insurance can cost from 44% to 130% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles could save up to $550 annually, while increasing your policy's liability limits will cost you more. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $430 extra every 12 months. View Rates by Deductible or Liability Limit

Where you choose to live makes a big difference in Porsche Panamera insurance prices. A 40-year-old driver could pay as low as $1,050 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $1,970 on average in Florida, Michigan, and New York.

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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 the Right Porsche Panamera Insurance

Finding better rates on insurance for a Porsche Panamera not only requires having a good driving record, but also having a good credit score, being claim-free, and possibly raising deductibles. Set aside time to compare rates at every policy renewal by obtaining price quotes from direct companies, and also from local independent and exclusive agents.

The next list is a quick rundown of the data covered above.

• Insureds who require increased levels of liability coverage will pay approximately $530 every year to go from 30/60 bodily injury limits to higher 250/500 limits
• You may be able to save as much as $170 per year just by shopping early and online
• Increasing policy deductibles could save up to $550 each year
• Drivers age 20 and younger are expensive to insure, possibly costing $454 per month if comprehensive and collision insurance is included

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.