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 rates for a Porsche Panamera are $1,458 a year for full coverage. Comprehensive insurance costs on average $322 a year, collision costs $500, and liability coverage costs $478. Liability-only coverage costs as little as $526 a year, with high-risk coverage costing $3,142 or more. Teen drivers pay the most at $5,444 a year or more.

Average premium for full coverage: $1,458

Premium estimates by type of coverage:

Prices are based on $500 policy deductibles, 30/60 split liability limits, and includes medical and UM/UIM coverage. Rates include averaging for all states and Panamera trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location has a large influence on car insurance rates. Rural areas are statistically proven to have a lower frequency of accident claims than larger metro areas.

The diagram below illustrates the difference between rural and urban areas on car insurance rates.

These rate differences show why it is important to compare rates based on a specific location and risk profile, rather than using price averages.

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

More Rate Details

The chart below shows estimated Porsche Panamera insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $846
• Drivers who choose higher $1,000 deductibles will pay around $1,270 a year
• The average rate for a 40-year-old good driver with $500 deductibles is $1,458
• Choosing low $100 deductibles for comprehensive and collision insurance will cost an extra $358 each year
• High-risk insureds with multiple violations and an at-fault accident could pay upwards of $3,142 or more
• An auto insurance policy for full coverage for a teenage driver may cost $5,444 a year

View Chart as Image

Insurance prices for a Porsche Panamera also have a wide range based on your driving characteristics, the trim level of your Panamera, and policy deductibles and limits.

Older drivers with a clean driving record and high deductibles may only pay around $1,400 per year on average, or $117 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers can expect to pay upwards of $5,400 a year. View Rates by Age

Where you choose to live makes a big difference in Porsche Panamera insurance rates. A 40-year-old driver could pay as low as $960 a year in states like Idaho, Maine, and Iowa, or as much as $2,080 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing high deductibles could save up to $550 a year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost up to $430 more per year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you could be paying at a minimum $1,700 to $2,400 extra annually, depending on your age. A high-risk auto insurance policy can cost around 44% to 130% more than average. View High Risk Driver Rates

With such a large range in prices, the only way to know exactly what you will pay is to get quotes and see how they stack up. Every company uses a different rate calculation, so the prices will be substantially 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 Affordable Porsche Panamera Insurance

Finding better rates on auto insurance not only requires avoiding accidents and claims, but also maintaining good credit, not filing small claims, and bundling your home and auto policies. Set aside time to compare rates at least every other year by getting price quotes from direct carriers like Progressive, GEICO, and Esurance, and also from your local insurance agents.

The points below are a brief review of the car insurance concepts covered above.

• Drivers with DUI or reckless driving convictions will pay on average $1,680 more each year to insure a Porsche Panamera
• Drivers can save as much as $170 per year simply by quoting early and online
• Increasing policy deductibles can save around $550 each year
• Consumers who require increased liability limits will pay about $530 each year to go from 30/60 bodily injury limits 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.