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 insurance rates for a Porsche Panamera are $1,330 a year including full coverage. Comprehensive costs around $282 a year, collision costs $416, and liability costs around $474. Liability-only coverage costs as low as $522 a year, with high-risk coverage costing around $2,858. Teens receive the highest rates at $5,034 a year or more.

Average premium for full coverage: $1,330

Rate estimates for individual coverage type:

Price estimates include $500 deductible amounts, 30/60 liability limits, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and Panamera trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live can make a big difference on the price of insurance. Areas with sparse population tend to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion.

The diagram below illustrates how location impacts auto insurance rates.

These examples highlight why it is important to compare prices for a specific zip code and risk profile, instead of making a decision based on averaged prices.

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

Additional Charts and Tables

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

• The cheapest rate after discounts is $780
• Using higher $1,000 deductibles will save about $1,170 every year
• The average rate for a 40-year-old driver using $500 deductibles is $1,330
• Selecting low $100 deductibles for physical damage coverage will increase the cost to $1,632
• High-risk insureds with serious driving violations could pay at least $2,858 or more
• The cost for full coverage for a 16-year-old driver can be $5,034 or more

View Chart as Image

Car insurance rates for a Porsche Panamera can also vary considerably based on your driver profile, the model of your Panamera, and deductibles and policy limits.

Older drivers with no driving violations and high deductibles may pay as low as $1,200 a year for full coverage. Rates are much higher for teen drivers, where even good drivers will be charged as much as $5,000 a year. View Rates by Age

Where you live has a huge impact on Porsche Panamera insurance prices. A driver around age 40 might see rates as low as $1,020 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $1,900 on average in Michigan, New York, and Louisiana.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $470 annually, while buying higher liability limits will increase rates. Changing from a 50/100 limit to a 250/500 limit will cost as much as $426 extra every 12 months. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are likely paying at least $1,600 to $2,200 extra per year, depending on your age. A high-risk auto insurance policy can be from 44% to 134% more than the average policy. View High Risk Driver Rates

With so much variability in rates, the best way to figure out your exact price is to get quotes from multiple companies. Each insurance company calculates rates differently, so rate quotes can be significantly 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

Saving money on insurance for a Porsche Panamera requires having a good driving record, having above-average credit, not filing small claims, and qualifying for all possible discounts. Spend time shopping around at every policy renewal by getting quotes from direct car insurance companies like GEICO and Progressive, and also from several local insurance agents.

The next list is a condensed summary of the data touched on above.

• Insureds who may need increased levels of liability coverage will pay approximately $520 per year to increase from a minimum limit to 250/500 limits
• You may be able to save up to $160 per year simply by quoting early and online
• Increasing deductibles can save around $450 each year
• Drivers age 20 and younger are the costliest to insure, as much as $420 per month if full coverage 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.