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.

The average insurance prices for a Porsche Panamera are $1,390 every 12 months for full coverage. Comprehensive costs on average $300 a year, collision insurance costs $458, and liability costs $474. Liability-only coverage costs as little as $522 a year, and high-risk coverage costs around $2,992. Teen drivers cost the most to insure at up to $5,226 a year.

Average premium for full coverage: $1,390

Policy rates by type of insurance:

Rates are based on $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all states and Panamera trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location can have significant affects on car insurance rates. Rural areas are shown to have more infrequent accident claims than larger metro areas. The diagram below illustrates how where you live affects car insurance rates.

The examples above show why it is important to compare rates based on a specific location and their own driving history, instead of using price averages.

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

More Rate Information

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

• The lowest rate with discounts is $809
• Drivers who choose higher $1,000 deductibles will pay around $1,216 a year
• The average price for a good driver age 40 with $500 deductibles is $1,390
• Choosing low $100 deductibles for comprehensive and collision insurance increases the price to $1,718
• Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $2,992
• Policy cost to insure a teen driver may cost $5,226 a year

View Chart as Image

Insurance rates for a Porsche Panamera also range considerably based on liability limits and deductibles, your driver profile, and the trim level of your Panamera.

Choosing high deductibles could save up to $510 every year, while buying higher liability limits will cost you more. Going from a 50/100 liability limit to a 250/500 limit will raise rates by up to $426 more each year. View Rates by Deductible or Liability Limit

Older drivers with no violations or accidents and higher deductibles may pay as little as $1,300 per year on average, or $108 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers should be prepared to pay upwards of $5,200 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you could be paying at a minimum $1,600 to $2,300 additional every year, depending on your age. A high-risk auto insurance policy can cost as much as 44% to 129% more than average. View High Risk Driver Rates

Your home state makes a big difference in Porsche Panamera insurance prices. A 40-year-old driver could pay as low as $910 a year in states like Idaho, Maine, and Iowa, or as much as $1,980 on average in Michigan, Louisiana, and New York.

View Chart as Image

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 Shop for the Best Cheap Porsche Panamera Insurance

Finding cheaper rates on car insurance not only requires being a low-risk driver, but also having above-average credit, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Take the time to comparison shop at every other renewal by getting rate quotes from direct carriers, and also from local independent and exclusive agents.

The items below are a quick review of the concepts that were touched on in the above illustrations.

• Higher risk drivers with a DUI or reckless driving violation pay an average of $1,600 more each year to insure their Panamera
• Teen drivers pay higher rates, costing up to $436 each month if full coverage is included
• Drivers can save as much as $170 per year just by quoting early and online
• Increasing comprehensive and collision deductibles could save as much as $500 each year
• Drivers can save as much as $170 per year just by quoting early and online

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.