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 $1,330 annually with full coverage. Comprehensive insurance costs an estimated $282 a year, collision costs $416, and liability coverage is estimated at $474. A liability-only policy costs approximately $522 a year, with high-risk insurance costing $2,858 or more. Teens pay the most at $5,034 a year or more.

Average premium for full coverage: $1,330

Premium estimates broken down by type of coverage:

Full coverage includes $500 deductible amounts, liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Rates include averaging for all U.S. states and Panamera trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on car insurance rates. More rural locations are statistically proven to have fewer collision claims than cities with more traffic congestion.

The diagram below illustrates how geographic area affects insurance prices.

These rate differences demonstrate why it is important to get quotes for a targeted area and their own personal driving habits, rather than using averaged prices.

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

More Rate Information

The chart below details estimated Porsche Panamera insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $780
• Choosing higher $1,000 deductibles can save approximately $1,170 annually
• The estimated rate for a 40-year-old good driver who has $500 deductibles is $1,330
• Selecting low $100 deductibles for comp and collision coverage costs an additional $302 each year
• Drivers with serious driving violations could pay up to $2,858 or more
• An auto insurance policy with full coverage for a teenage driver can cost as much as $5,034 each year

View Chart as Image

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

Older drivers with a good driving record and high physical damage deductibles may only pay around $1,200 annually on average, or $100 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they will have to pay at least $5,000 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you may be forking out $1,600 to $2,200 in extra premium annually, depending on your age. A high-risk auto insurance policy ranges around 44% to 134% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can save as much as $470 a year, while buying higher liability limits will increase premiums. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $426 extra every year. 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 $960 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,790 on average in New York, Michigan, and Florida.

View Chart as Image

With such a large range in prices, the best way to find out which insurance company is cheapest is to get quotes and see how they stack up. Each auto insurer calculates prices differently, and quoted prices will be substantially different between companies.

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 More Affordable Porsche Panamera Insurance

Finding better rates on auto insurance takes having a good driving record, having above-average credit, being claim-free, and qualifying for all possible discounts. Invest the time to compare rates once a year by getting quotes from direct companies, and also from several local insurance agents.

The next list is a summary of the data that was presented in the illustrations above.

• You may be able to save approximately $160 per year simply by quoting early and online
• Consumers who want increased levels of liability coverage will pay approximately $520 every year to raise limits from 30/60 bodily injury limits to higher 250/500 limits
• Drivers age 20 and younger are the costliest to insure, possibly costing $420 per month if full coverage is included
• Drivers who have multiple accidents or major violations pay on average $1,530 more annually to buy Porsche Panamera 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.