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.

Estimated auto insurance rates for a Porsche Panamera are $1,390 annually with full coverage. Comprehensive costs approximately $300 each year, collision insurance costs $458, and liability coverage is estimated at $474. A policy with only liability insurance costs approximately $522 a year, and a high-risk policy costs around $2,992. 16-year-old drivers pay the most at up to $5,226 a year.

Average premium for full coverage: $1,390

Premium estimates by type of coverage:

Estimates include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes medical and UM/UIM coverage. Rates include averaging for all U.S. states and Panamera models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on the price of insurance. Rural locations are statistically proven to have fewer collision claims than congested cities. The graphic below illustrates how geographic area affects auto insurance prices.

These rate differences demonstrate why all drivers should get quotes using their specific location and their own personal driving habits, rather than using rate averages.

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

More Rate Details

The chart below details average Porsche Panamera insurance rates for additional coverage and risk scenarios.

• The best full coverage rate is $809
• Choosing higher $1,000 deductibles can save $174 annually
• The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $1,390
• Buying low deductibles for comp and collision coverage will cost $1,718
• Drivers with multiple tickets or accidents could pay around $2,992
• An auto insurance policy with full coverage for a teenage driver can cost $5,226 each year

View Chart as Image

Car insurance prices for a Porsche Panamera also have a wide range based on the model of your Panamera, your driving record, and physical damage deductibles and liability limits.

More mature drivers with no driving violations and high physical damage deductibles may only pay around $1,300 annually on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they will be charged in the ballpark of $5,200 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you may be forking out anywhere from $1,600 to $2,300 extra annually, depending on your age. Insurance for high-risk drivers ranges around 44% to 129% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can save as much as $510 a year, whereas increasing liability limits will push prices upward. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $426 extra every 12 months. View Rates by Deductible or Liability Limit

Where you choose to live plays a big part in determining prices for Porsche Panamera insurance rates. A good driver about age 40 could pay as low as $1,000 a year in states like Utah, Ohio, and New Hampshire, or at least $1,880 on average in New York, Michigan, and Florida.

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 Buy Low Cost Porsche Panamera Insurance

Finding better rates on auto insurance takes avoiding accidents and violations, having a good credit score, being claim-free, and attention to physical damage deductibles. Invest the time to compare rates once a year by getting rate quotes from direct companies, and also from your local independent and exclusive agents.

The list below is a review of the data that was presented in the illustrations above.

• You may be able to save around $170 per year just by quoting online in advance
• Consumers who purchase higher liability limits will pay around $520 every year to raise limits from 30/60 bodily injury limits to higher 250/500 limits
• Teenagers pay the highest auto insurance prices, possibly costing $436 per month if comprehensive and collision insurance is included
• Drivers who have several accidents or serious violations may pay on average $1,600 more per year for car 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.

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.