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 prices for a Porsche Panamera are $1,458 every 12 months for full coverage. Comprehensive costs approximately $322 a year, collision costs $500, and liability coverage is $478. Buying just liability costs around $526 a year, with insurance for high-risk drivers costing around $3,142. Teenage drivers pay the highest rates at $5,444 a year or more.

Average premium for full coverage: $1,458

Price estimates by individual coverage:

Includes $500 physical damage insurance deductibles, 30/60 liability coverage, and includes medical and UM/UIM coverage. Estimates are averaged for all states and Panamera trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a large influence on car insurance rates. Rural locations have more infrequent accident claims than densely populated cities.

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

The ranges above show why it is important to compare rates quotes using their specific location and their own driving history, rather than using average rates.

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

More Rate Details

The chart below shows estimated Porsche Panamera insurance rates for additional coverage and risk scenarios.

• The best discount rate is $846
• Raising to $1,000 deductibles will save $1,270 a year
• The average price for the average middle-age driver who chooses $500 deductibles is $1,458
• Using low $100 deductibles increases the price to $1,816
• Unlucky drivers who are prone to accidents and violations could pay around $3,142 or more
• The price to insure a teenage driver can cost $5,444

View Chart as Image

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

Using high physical damage deductibles can reduce prices by up to $550 a year, while buying higher liability limits will push prices upward. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $430 more each year. View Rates by Deductible or Liability Limit

Older drivers with no violations or accidents and higher deductibles may only pay around $1,400 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers should be prepared to pay in the ballpark of $5,400 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying anywhere from $1,700 to $2,400 additional each year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 44% to 130% more than a normal policy. View High Risk Driver Rates

The state you live in also has a big influence on Porsche Panamera insurance rates. A middle-age driver might find prices as low as $960 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $2,080 on average in New York, Louisiana, and Michigan.

View Chart as Image

Since prices can be so different, the only way to know who has the cheapest car insurance prices is to get quotes and see how they stack up. Every auto insurance company uses a different method to calculate prices, and prices may be quite different.

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 Cheapest Porsche Panamera Insurance

Getting lower rates on auto insurance consists of being a low-risk driver, having above-average credit, eliminating unnecessary coverage, and qualifying for all possible discounts. Invest time comparing rates every year by getting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The items below are a recap of the coverage data covered in the charts and tables above.

• Drivers can save around $170 per year simply by quoting early and online
• Increasing physical damage deductibles could save as much as $550 each year
• Teen drivers are the costliest to insure, with premiums as much as $454 a month if full coverage is included
• Drivers that have major violations or accidents may pay on average $1,680 more per year to insure their Panamera

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.