Porsche Panamera Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 6, 2023

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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 $2,046 a year for full coverage. Comprehensive costs around $484 a year, collision costs $974, and liability insurance costs $430. Buying just liability costs as little as $486 a year, with insurance for high-risk drivers costing around $4,460. 16-year-old drivers receive the highest rates at $7,314 a year or more.

Average premium for full coverage: $2,046

Rate estimates for individual coverage type:

Comprehensive $484
Collision $974
Liability $430

Estimates include $500 deductibles, bodily injury liability limits of 30/60, and includes uninsured motorist coverage. Rates are averaged for all states and Panamera trim levels.

Price Range by Coverage and Risk

For a driver in their 40's, prices range go from the low end price of $486 for only liability insurance to a high of $4,460 for a driver who has had serious violations or accidents.

Liability Only $486
Full Coverage $2,046
High Risk $4,460

Price Range by Location

Your location has a significant impact on auto insurance rates. Areas with sparse population tend to have lower incidents of accident claims than congested cities.

The diagram below illustrates how location helps determine auto insurance rates.

Rural Areas $1,535
Small Cities $2,148
Large Cities $2,762

These examples show why it is important to compare rates for a specific zip code, rather than relying on rate averages.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Insurance Rate Analysis

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

  • The best full coverage rate is $1,130
  • Drivers who choose higher $1,000 deductibles will pay about $1,716 a year
  • The estimated price for a 40-year-old driver using $500 deductibles is $2,046
  • Buying low $100 deductibles for comprehensive and collision insurance bumps up the cost to $2,694
  • High risk drivers with multiple tickets or accidents could pay at least $4,460 or more
  • The cost that insures a teen driver can be $7,314 a year

View Chart as Image

Porsche Panamera insurance cost comparison chart
Column chart showing full coverage Porsche Panamera insurance rates range from $1,130 to $7,314

Auto insurance rates for a Porsche Panamera can also vary considerably based on the trim level of your Panamera, how you drive, and deductibles and policy limits.

If you like to drive fast or you caused an accident, you could be paying at least $2,400 to $3,300 in extra premium per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 45% to 131% more than the average rate. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles could pay as little as $1,900 per year on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records will have to pay as much as $7,300 a year. View Rates by Age

Where you live makes a big difference in Porsche Panamera insurance rates. A 40-year-old driver could pay as low as $1,350 a year in states like Idaho, Maine, and Iowa, or at least $2,920 on average in Michigan, Louisiana, and New York.

Porsche Panamera Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,850 -$196 -9.6%
Alaska $1,570 -$476 -23.3%
Arizona $1,698 -$348 -17.0%
Arkansas $2,046 -$0 0.0%
California $2,332 $286 14.0%
Colorado $1,954 -$92 -4.5%
Connecticut $2,104 $58 2.8%
Delaware $2,316 $270 13.2%
Florida $2,560 $514 25.1%
Georgia $1,890 -$156 -7.6%
Hawaii $1,470 -$576 -28.2%
Idaho $1,384 -$662 -32.4%
Illinois $1,526 -$520 -25.4%
Indiana $1,542 -$504 -24.6%
Iowa $1,382 -$664 -32.5%
Kansas $1,944 -$102 -5.0%
Kentucky $2,790 $744 36.4%
Louisiana $3,030 $984 48.1%
Maine $1,260 -$786 -38.4%
Maryland $1,688 -$358 -17.5%
Massachusetts $1,638 -$408 -19.9%
Michigan $3,556 $1,510 73.8%
Minnesota $1,714 -$332 -16.2%
Mississippi $2,450 $404 19.7%
Missouri $1,816 -$230 -11.2%
Montana $2,198 $152 7.4%
Nebraska $1,614 -$432 -21.1%
Nevada $2,452 $406 19.8%
New Hampshire $1,476 -$570 -27.9%
New Jersey $2,288 $242 11.8%
New Mexico $1,812 -$234 -11.4%
New York $2,156 $110 5.4%
North Carolina $1,178 -$868 -42.4%
North Dakota $1,676 -$370 -18.1%
Ohio $1,412 -$634 -31.0%
Oklahoma $2,102 $56 2.7%
Oregon $1,874 -$172 -8.4%
Pennsylvania $1,952 -$94 -4.6%
Rhode Island $2,728 $682 33.3%
South Carolina $1,852 -$194 -9.5%
South Dakota $1,726 -$320 -15.6%
Tennessee $1,792 -$254 -12.4%
Texas $2,468 $422 20.6%
Utah $1,514 -$532 -26.0%
Vermont $1,402 -$644 -31.5%
Virginia $1,226 -$820 -40.1%
Washington $1,582 -$464 -22.7%
West Virginia $1,876 -$170 -8.3%
Wisconsin $1,418 -$628 -30.7%
Wyoming $1,824 -$222 -10.9%

View Chart as Image

Porsche Panamera insurance rates by U.S. city

Opting for high physical damage deductibles could save up to $980 each year, while buying higher liability limits will increase rates. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $387 extra every year. View Rates by Deductible or Liability Limit

With so much variability in rates, the only way to know your exact price is to get quotes from as many companies as possible. Every company utilizes a different rate formula, and quoted rates can be significantly different.

Insurance Rates by Trim Level and Model Year

Porsche Panamera Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Porsche Panamera S 4-Dr Hatchback $1,928 $161
Porsche Panamera 4S AWD 4-Dr Hatchback $1,968 $164
Porsche Panamera Turbo AWD 4-Dr Hatchback $2,270 $189

Rates assume 2020 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.

Porsche Panamera Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Porsche Panamera $484 $974 $430 $2,046
2014 Porsche Panamera $366 $636 $464 $1,624
2013 Porsche Panamera $356 $592 $474 $1,580

Rates are averaged for all Porsche Panamera models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find Low Cost Porsche Panamera Insurance

Saving money on Porsche Panamera insurance not only requires being a safe driver, but also maintaining a good credit score, eliminating unneeded coverage, and maximizing policy discounts. Comparison shop every other policy renewal by requesting rates from direct carriers like Progressive, GEICO, and Esurance, and also from several local insurance agents.

Here is a review of the ideas that were covered in the charts and tables above.

  • Young drivers are expensive to insure, costing as high as $610 per month if the policy includes full coverage
  • High-risk drivers who have several accidents or serious violations pay on average $2,410 more every year for insurance
  • Increasing deductibles can save approximately $975 each year
  • Drivers can save up to $260 per year simply 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.

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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.

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.

Rates by Driver Age

Porsche Panamera Insurance Rates by Driver Age
Driver Age Premium
16 $7,314
20 $4,752
30 $2,160
40 $2,046
50 $1,864
60 $1,830

Full coverage, $500 deductibles

Rates by Deductible

Porsche Panamera Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,694
$250 $2,392
$500 $2,046
$1,000 $1,716

Full coverage, driver age 40

Rates by Liability Limit

Porsche Panamera Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $2,046
50/100 $2,356
100/300 $2,464
250/500 $2,743
100 CSL $2,399
300 CSL $2,636
500 CSL $2,808

Full coverage, driver age 40

Rates for High Risk Drivers

Porsche Panamera Insurance Rates for High Risk Drivers
Age Premium
16 $10,540
20 $7,574
30 $4,590
40 $4,460
50 $4,254
60 $4,218

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $296

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $113
Multi-vehicle $107
Homeowner $27
5-yr Accident Free $167
5-yr Claim Free $137
Paid in Full/EFT $105
Advance Quote $109
Online Quote $151
Total Discounts $916
Rate after discounts $1,130

Discounts are estimated and may not be available from every company or in every state.

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