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.

The average insurance prices for a Porsche Panamera are $1,458 every 12 months including full coverage. Comprehensive costs on average $322 a year, collision costs $500, and liability is estimated at $478. A liability-only policy costs approximately $526 a year, with high-risk insurance costing around $3,142. 16-year-old drivers cost the most to insure at $5,444 a year or more.

Average premium for full coverage: $1,458

Policy rates by type of insurance:

Prices include $500 policy deductibles, liability limits of 30/60, and includes medical and UM/UIM coverage. Prices are averaged for all 50 U.S. states and Panamera trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can make a big difference on car insurance rates. Rural areas are shown to have more infrequent comprehensive and collision claims than congested cities.

The diagram below illustrates the difference between rural and urban areas on car insurance rates.

The examples above highlight why it is important to get quotes based on a specific location and their own driving history, instead of making a decision based on rate averages.

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

More Rate Details

The chart below breaks down estimated Porsche Panamera insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $846
• Choosing higher $1,000 deductibles can save around $1,270 every year
• The average price for a good driver age 40 with $500 deductibles is $1,458
• Buying low $100 deductibles for comp and collision coverage increases the price to $1,816
• Higher-risk drivers with multiple tickets or accidents could pay upwards of $3,142 or more
• Policy cost to insure a 16-year-old driver may cost $5,444 each year

View Chart as Image

Car insurance rates for a Porsche Panamera also range considerably based on liability limits and deductibles, your driving characteristics, and the trim level of your Panamera.

Opting for high physical damage deductibles can save as much as $550 annually, while buying higher liability limits will cost you more. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $430 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may pay as low as $1,400 annually on average, or $117 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will be charged upwards of $5,400 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are likely paying at a minimum $1,700 to $2,400 extra every year, depending on your age. A high-risk auto insurance policy ranges from 44% to 130% more than the average rate. View High Risk Driver Rates

Your home state plays a big part in determining prices for Porsche Panamera insurance prices. A good driver about age 40 could pay as low as $1,120 a year in states like Missouri, New Hampshire, and Vermont, or at least $2,080 on average in Michigan, New York, and Louisiana.

View Chart as Image

Because rates have so much variability, the best way to figure out exactly what you will pay is to get quotes from multiple companies. Each auto insurer utilizes a different rate formula, so rate quotes will be varied.

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 Right Porsche Panamera Insurance

Finding cheaper rates on insurance for a Porsche Panamera takes avoiding accidents and claims, maintaining a good credit score, paying for small claims out-of-pocket, and maximizing policy discounts. Set aside time to compare rates once a year by requesting rates from direct car insurance companies, and also from your local independent and exclusive agents.

The points below are a quick rundown of the data that was covered above.

• You may be able to save as much as $170 per year simply by quoting early and online
• Insureds who require increased liability limits will pay around $530 per year to raise limits from a 30/60 limit to a 250/500 level
• Drivers under the age of 20 are expensive to insure, with premiums being up to $454 each month if the policy includes full coverage
• Drivers considered higher risk with reckless driving or DUI convictions may pay on average $1,680 more each year to insure a Porsche 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.