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 $1,458 a year for full coverage. Comprehensive insurance costs on average $322, collision insurance costs $500, and liability costs $478. A policy with just liability insurance costs as little as $526 a year, and coverage for high-risk drivers costs $3,142 or more. 16-year-old drivers pay the highest rates at up to $5,444 a year.

Average premium for full coverage: $1,458

Price estimates by individual coverage:

Prices include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes uninsured motorist and medical coverage. Estimates are averaged for all states and for all Panamera models.

Price Range from Low to High

Geographic Price Range

Your location can have significant affects on car insurance rates. Rural areas have lower incidents of accident claims than congested cities. The example below illustrates the effect of geographic area on car insurance rates.

The ranges above show why everyone should compare rates based on a specific location, instead of using rate averages.

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

Additional Rate Information

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

• The best full coverage rate is $846
• Drivers who choose higher $1,000 deductibles will pay around $188 a year
• The estimated price for the average middle-age driver with $500 deductibles is $1,458
• Buying pricier low deductibles for comprehensive and collision insurance will cost an additional $358 every year
• Higher-risk drivers with multiple tickets or accidents could pay upwards of $3,142
• The price that insures a teen driver for full coverage may cost $5,444 a year

View Chart as Image

Insurance prices for a Porsche Panamera are also quite variable based on the model of your Panamera, how you drive, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you could be paying at a minimum $1,700 to $2,400 extra each year, depending on your age. Porsche Panamera insurance for high-risk drivers can cost as much as 44% to 130% more than the average rate. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles may pay as little as $1,400 per year on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records can expect to pay upwards of $5,400 a year. View Rates by Age

The state you live in makes a big difference in Porsche Panamera insurance prices. A 40-year-old driver could pay as low as $960 a year in states like Idaho, Maine, and Iowa, or at least $2,080 on average in Michigan, Louisiana, and New York.

View Chart as Image

Opting for high physical damage deductibles could save up to $550 every year, whereas buying more liability protection will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $430 more per year. View Rates by Deductible or Liability Limit

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 the Right Porsche Panamera Insurance

Getting lower rates on car insurance not only requires having a decent driving record, but also having above-average credit, eliminating unnecessary coverage, and determing if full coverage is necessary. Comparison shop once a year by requesting rates from direct carriers, and also from local exclusive and independent agents.

The following items are a quick rundown of the data that was covered in the above illustrations.

• Drivers can save as much as $170 per year just by quoting online well ahead of the renewal date
• Policyholders who require additional liability coverage will pay around $530 each year to go from a low limit to the 250/500 level
• 16 to 18-year-old drivers pay the highest prices, with premiums as much as $454 a month if full coverage is included
• Higher risk drivers with reckless driving or DUI convictions may pay on average $1,680 more each year than a driver with a clean driving record

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.