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 rates for a Porsche Panamera are $1,458 a year for full coverage. Comprehensive insurance costs an estimated $322, collision costs $500, and liability insurance is estimated at $478. Liability-only coverage costs approximately $526 a year, with high-risk coverage costing $3,142 or more. Teenage drivers pay the highest rates at $5,444 a year or more.

Average premium for full coverage: $1,458

Price estimates broken down by individual coverage:

Prices are based on $500 physical damage insurance deductibles, liability coverage up to 30/60, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all states and for all Panamera models.

Price Range from Low to High

Geographic Price Range

Living in a larger city has a significant impact on insurance rates. More rural locations have lower incidents of accident claims than densely populated cities.

The example below illustrates how rural and urban location affects insurance prices.

The ranges above show why everyone should get quotes for a targeted area, rather than relying on average rates.

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

More Rate Information

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

• The best discount rate is $846
• Choosing higher $1,000 deductibles can save approximately $188 a year
• The estimated price for the average middle-age driver who has $500 deductibles is $1,458
• Using pricier low deductibles for comp and collision coverage will cost an additional $358 a year
• High-risk insureds who are prone to accidents and violations could pay up to $3,142 or more
• The price that insures a teen driver for full coverage can cost as much as $5,444 each year

View Chart as Image

Auto insurance prices for a Porsche Panamera are also quite variable based on the model of your Panamera, how you drive, and liability limits and deductibles.

If you have some driving violations or you caused an accident, you could be paying $1,700 to $2,400 in extra premium each year, depending on your age. Porsche Panamera insurance for high-risk drivers ranges anywhere from 44% to 130% more than a normal policy. View High Risk Driver Rates

A more mature driver with a good driving record and higher comprehensive and collision deductibles could pay as little as $1,400 annually on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will have to pay at least $5,400 a year. View Rates by Age

The state you live in 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 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

Using high physical damage deductibles can save as much as $550 each year, whereas buying more liability protection will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $430 extra every year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to know which car insurance is cheapest is to regularly compare prices from as many companies as possible. Each auto insurer uses a different method to calculate prices, and quoted 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 Find Affordable Porsche Panamera Insurance

Getting lower rates on Porsche Panamera insurance takes being a low-risk driver, maintaining a good credit score, eliminating unnecessary coverage, and qualifying for all possible discounts. Compare prices every time your policy renews by getting rate quotes from direct carriers, and also from your local independent and exclusive agents.

The items below are a brief review of the information raised in the charts and tables above.

• Drivers can save approximately $170 per year simply by quoting online well ahead of the renewal date
• Teen drivers are the costliest to insure, with premiums as much as $454 a month if the policy includes full coverage
• Increasing physical damage deductibles can save approximately $550 each year
• High-risk drivers with DUI or reckless driving convictions may pay on average $1,680 more annually to insure their Panamera
• Drivers who want more liability coverage will pay an extra $530 each year to raise limits from a low limit to the 250/500 level

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.