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 for full coverage. Comprehensive costs an estimated $300 each year, collision insurance costs $458, and liability coverage costs around $474. A policy with only liability insurance costs as low as $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 broken down by type of coverage:

Rate estimates include $500 deductible amounts, liability coverage up to 30/60, and includes both medical and uninsured motorist insurance. Rates include averaging for all states and Panamera models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on insurance rates. More rural locations are statistically proven to have fewer accident claims than congested cities. The graphic below illustrates how rural and urban location affects insurance prices.

These rate differences show why all drivers should compare prices for a targeted area and their own personal driving habits, rather than using rate averages.

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

Additional Rate Details

The chart below shows average Porsche Panamera insurance rates for other coverage scenarios.

• The best full coverage rate is $809
• Using higher $1,000 deductibles will save approximately $174 a year
• The estimated rate for a 40-year-old good driver who has $500 deductibles is $1,390
• Buying low deductibles for physical damage coverage will cost $1,718
• Higher-risk drivers with multiple tickets or accidents could pay up to $2,992
• An auto insurance policy with full coverage for a teenage driver can cost as much as $5,226 or more

View Chart as Image

Car insurance prices for a Porsche Panamera also have a wide range based on the model of your Panamera, your driver profile, and liability limits and deductibles.

More mature drivers with no driving violations and high physical damage deductibles may only pay around $1,300 a year, 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 at least $5,200 a year. View Rates by Age

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

Opting for high physical damage deductibles could cut prices by as much as $510 a year, whereas increasing liability limits will increase premiums. Going 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 has a huge impact on Porsche Panamera insurance rates. A driver around age 40 might see prices as low as $910 a year in states like Iowa, Maine, and Idaho, or at least $1,980 on average in New York, Louisiana, and Michigan.

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 the Best Porsche Panamera Insurance

Finding better rates on auto insurance requires having a good driving record, having a good credit score, not filing small claims, and possibly higher deductibles. Set aside time to shop around every time your policy renews by requesting quotes from direct carriers, and also from local exclusive and independent agents.

The next list is a brief recap of the information raised in the charts and tables above.

• Drivers can save approximately $170 per year just by quoting online in advance
• Drivers age 20 and younger have the highest car insurance prices, as much as $436 per month if comprehensive and collision insurance is included
• Increasing policy deductibles could save up to $500 each year
• Drivers who tend to receive serious violations may pay on average $1,600 more annually to buy Porsche Panamera insurance
• Consumers who want increased levels of liability coverage will pay around $520 each year to increase from 30/60 bodily injury limits to higher 250/500 limits

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.