Porsche Panamera Insurance Rates
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UPDATED: Apr 4, 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.
Estimated auto insurance rates for a Porsche Panamera are $2,092 annually including full coverage. Comprehensive insurance costs approximately $502 a year, collision costs $1,016, and liability insurance costs around $416. Liability-only coverage costs as low as $474 a year, with high-risk coverage costing $4,562 or more. Teens pay the most at $7,446 a year or more.
Average premium for full coverage: $2,092
Premium estimates by type of coverage:
Rate estimates include $500 policy deductibles, split liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Rates include averaging for all 50 U.S. states and Panamera trim levels.
Insurance Price Range by Risk and Coverage
For the average 40-year-old driver, insurance rates for a Porsche Panamera go from as cheap as $474 for just the minimum liability insurance to a high of $4,562 for coverage for higher-risk drivers.
Insurance Price Range by Location
Where you live has a significant impact on car insurance prices. Rural locations are statistically proven to have fewer comprehensive and collision claims than cities with more traffic congestion.
The diagram below illustrates the difference location can make on auto insurance prices.
These rate differences highlight why it is important to compare prices using their specific location and their own personal driving habits, rather than relying on averaged prices.
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.
Additional Rate Analysis
The chart below breaks down estimated Porsche Panamera insurance rates for additional coverage and risk scenarios.
- The cheapest rate after discounts is $1,151
- Using higher $1,000 deductibles will save $1,748 every year
- The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $2,092
- Selecting low $100 deductibles for physical damage coverage costs an additional $674 a year
- Drivers with serious driving violations could pay around $4,562 or more
- An auto insurance policy with full coverage for a teen driver can cost $7,446 or more
Insurance prices for a Porsche Panamera also have a wide range based on the model of your Panamera, your driving characteristics, and physical damage deductibles and liability limits.
Older drivers with a clean driving record and high physical damage deductibles could pay as little as $1,900 a year, or $158 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they can expect to pay in the ballpark of $7,400 a year. View Rates by Age
If you have a few violations or you caused a few accidents, you are likely paying anywhere from $2,500 to $3,300 extra annually, depending on your age. A high-risk auto insurance policy can be anywhere from 44% to 134% more than the average policy. View High Risk Driver Rates
Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $1,020 each year, while buying higher liability limits will push prices upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost up to $375 more per year. View Rates by Deductible or Liability Limit
Where you choose to live has a huge impact on Porsche Panamera insurance rates. A driver around age 40 might see prices as low as $1,600 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $2,980 on average in Louisiana, New York, and Michigan.
|State||Premium||Compared to U.S. Avg||Percent Difference|
With such a large range in prices, the best way to figure out who has the best auto insurance prices is to get quotes from as many companies as possible. Each insurance company calculates prices differently, so the prices will be substantially different between companies.
Insurance Rates by Trim Level and Model Year
|Model and Trim||Annual Premium||Monthly Premium|
|Porsche Panamera S 4-Dr Hatchback||$1,970||$164|
|Porsche Panamera 4S AWD 4-Dr Hatchback||$2,010||$168|
|Porsche Panamera Turbo AWD 4-Dr Hatchback||$2,326||$194|
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.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2020 Porsche Panamera||$502||$1,016||$416||$2,092|
|2014 Porsche Panamera||$378||$678||$460||$1,674|
|2013 Porsche Panamera||$366||$636||$464||$1,624|
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 Buy the Best Porsche Panamera Insurance
Finding better rates on Porsche Panamera insurance requires being safe and accident-free, having a good credit history, refrain from filing small claims, and maximizing policy discounts. Make time to compare rates at least once a year by requesting rates from direct car insurance companies, and also from local insurance agencies.
Below you'll find a brief recap of the primary concepts that were touched on in this article.
- You may be able to save around $270 per year simply by quoting early and online
- High-risk drivers who tend to receive serious violations may have to pay on average $2,470 more per year than a low-risk driver
- Increasing policy deductibles could save up to $1,025 each year
- Youthful drivers are expensive to insure, with the cost nearing $621 per month including comprehensive and collision insurance
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.
Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$172|
|5-yr Claim Free||$140|
|Paid in Full/EFT||$109|
Discounts are estimated and may not be available from every company or in every state.