Porsche Panamera Insurance Rates
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UPDATED: May 20, 2024
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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 rates for a Porsche Panamera are $1,458 a year for full coverage. Comprehensive insurance costs around $322, collision insurance costs $500, and liability coverage is estimated at $478. Buying just liability costs approximately $526 a year, and insurance for high-risk drivers costs $3,142 or more. Teen drivers cost the most to insure at up to $5,444 a year.
Average premium for full coverage: $1,458
Policy rates for type of insurance:
Prices are based on $500 deductible amounts, liability coverage up to 30/60, and includes uninsured motorist and medical coverage. Prices are averaged for all states and for different Panamera trim levels.
Price Range Variability
For a driver around age 40, Porsche Panamera insurance rates range from as low as $526 for the bare minimum liability coverage to a much higher rate of $3,142 for a high-risk driver policy.
Urban vs. Rural Price Range
Living in a larger city has a large influence on auto insurance rates. Areas with sparse population are shown to have a lower frequency of accident claims than larger metro areas. The price range example below illustrates the difference between rural and urban areas on auto insurance rates.
The examples above show why anyone shopping for car insurance should get quotes for a specific zip code and risk profile, rather than using price averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Additional Rate Information
The chart below shows average Porsche Panamera insurance rates for additional coverage choices and driver risks.
- The lowest rate with discounts is $846
- Choosing higher $1,000 deductibles can save about $188 a year
- The average rate for a good driver age 40 using $500 deductibles is $1,458
- Choosing more expensive low deductibles for comp and collision coverage will cost an extra $358 each year
- Drivers with multiple violations and an at-fault accident could pay at least $3,142
- Policy cost for full coverage for a teenage driver with full coverage can be $5,444 each year
Insurance rates for a Porsche Panamera also range considerably based on your risk profile, the trim level of your Panamera, and deductibles and policy limits.
An older driver with a clean driving record and high deductibles may only pay around $1,400 annually on average, or $117 per month, for full coverage. Rates are highest for teenagers, where even good drivers can expect to pay as much as $5,400 a year. View Rates by Age
Your home state 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 Idaho, Maine, and Iowa, or as much as $2,080 on average in Michigan, Louisiana, and New York.
State | Premium | Compared to U.S. Avg | Percent Difference |
---|---|---|---|
Alabama | $1,318 | -$140 | -9.6% |
Alaska | $1,118 | -$340 | -23.3% |
Arizona | $1,208 | -$250 | -17.1% |
Arkansas | $1,458 | -$0 | 0.0% |
California | $1,660 | $202 | 13.9% |
Colorado | $1,392 | -$66 | -4.5% |
Connecticut | $1,498 | $40 | 2.7% |
Delaware | $1,650 | $192 | 13.2% |
Florida | $1,822 | $364 | 25.0% |
Georgia | $1,344 | -$114 | -7.8% |
Hawaii | $1,044 | -$414 | -28.4% |
Idaho | $986 | -$472 | -32.4% |
Illinois | $1,086 | -$372 | -25.5% |
Indiana | $1,096 | -$362 | -24.8% |
Iowa | $984 | -$474 | -32.5% |
Kansas | $1,386 | -$72 | -4.9% |
Kentucky | $1,988 | $530 | 36.4% |
Louisiana | $2,156 | $698 | 47.9% |
Maine | $898 | -$560 | -38.4% |
Maryland | $1,202 | -$256 | -17.6% |
Massachusetts | $1,166 | -$292 | -20.0% |
Michigan | $2,532 | $1,074 | 73.7% |
Minnesota | $1,220 | -$238 | -16.3% |
Mississippi | $1,746 | $288 | 19.8% |
Missouri | $1,294 | -$164 | -11.2% |
Montana | $1,566 | $108 | 7.4% |
Nebraska | $1,150 | -$308 | -21.1% |
Nevada | $1,748 | $290 | 19.9% |
New Hampshire | $1,050 | -$408 | -28.0% |
New Jersey | $1,630 | $172 | 11.8% |
New Mexico | $1,288 | -$170 | -11.7% |
New York | $1,534 | $76 | 5.2% |
North Carolina | $840 | -$618 | -42.4% |
North Dakota | $1,192 | -$266 | -18.2% |
Ohio | $1,006 | -$452 | -31.0% |
Oklahoma | $1,496 | $38 | 2.6% |
Oregon | $1,334 | -$124 | -8.5% |
Pennsylvania | $1,390 | -$68 | -4.7% |
Rhode Island | $1,942 | $484 | 33.2% |
South Carolina | $1,320 | -$138 | -9.5% |
South Dakota | $1,230 | -$228 | -15.6% |
Tennessee | $1,278 | -$180 | -12.3% |
Texas | $1,758 | $300 | 20.6% |
Utah | $1,080 | -$378 | -25.9% |
Vermont | $998 | -$460 | -31.6% |
Virginia | $872 | -$586 | -40.2% |
Washington | $1,126 | -$332 | -22.8% |
West Virginia | $1,334 | -$124 | -8.5% |
Wisconsin | $1,008 | -$450 | -30.9% |
Wyoming | $1,298 | -$160 | -11.0% |
Choosing high deductibles can save as much as $550 a year, while increasing your policy's liability limits will increase rates. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $430 more per year. View Rates by Deductible or Liability Limit
If you have a few points on your driving record or tend to cause accidents, you could be paying at least $1,700 to $2,400 extra every year, depending on your age. High-risk driver insurance ranges around 44% to 130% more than average. View High Risk Driver Rates
Insurance Rates by Trim Level and Model Year
Model and Trim | Annual Premium | Monthly Premium |
---|---|---|
Porsche Panamera S 4-Dr Hatchback | $1,390 | $116 |
Porsche Panamera 4S AWD 4-Dr Hatchback | $1,414 | $118 |
Porsche Panamera Turbo AWD 4-Dr Hatchback | $1,582 | $132 |
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.
Model Year | Comprehensive | Collision | Liability | Total Premium |
---|---|---|---|---|
2024 Porsche Panamera | $568 | $1,092 | $372 | $2,190 |
2023 Porsche Panamera | $542 | $1,050 | $390 | $2,140 |
2022 Porsche Panamera | $520 | $1,042 | $398 | $2,118 |
2021 Porsche Panamera | $502 | $1,016 | $416 | $2,092 |
2020 Porsche Panamera | $484 | $974 | $430 | $2,046 |
2019 Porsche Panamera | $458 | $940 | $442 | $1,998 |
2018 Porsche Panamera | $440 | $872 | $452 | $1,922 |
2017 Porsche Panamera | $422 | $822 | $456 | $1,858 |
2016 Porsche Panamera | $406 | $736 | $460 | $1,760 |
2015 Porsche Panamera | $378 | $678 | $460 | $1,674 |
2014 Porsche Panamera | $366 | $636 | $464 | $1,624 |
2013 Porsche Panamera | $356 | $592 | $474 | $1,580 |
2012 Porsche Panamera | $330 | $550 | $474 | $1,512 |
2011 Porsche Panamera | $322 | $500 | $478 | $1,458 |
2010 Porsche Panamera | $300 | $458 | $474 | $1,390 |
Rates are averaged for all Porsche Panamera models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Find Affordable Porsche Panamera Insurance
Finding cheaper rates on auto insurance takes having a good driving record, maintaining good credit, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Set aside time to compare rates every time your policy renews by requesting rates from direct carriers like GEICO, Progressive, and Esurance, and also from local insurance agents.
The next list is a brief review of the information covered above.
- Drivers can save up to $170 per year just by shopping early and online
- Drivers age 20 and younger pay higher rates, costing up to $454 each month for full coverage
- Increasing comprehensive and collision deductibles can save around $550 each year
- Drivers with DUI or reckless driving convictions may be required to pay an average of $1,680 more every year to buy Porsche Panamera insurance
- Consumers who may need increased levels of liability coverage will pay about $530 each year to raise limits from a 30/60 limit to 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.
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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.
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.
Rate Tables and Charts
Rates by Driver Age
Driver Age | Premium |
---|---|
16 | $5,444 |
20 | $3,324 |
30 | $1,516 |
40 | $1,458 |
50 | $1,332 |
60 | $1,304 |
Full coverage, $500 deductibles
Rates by Deductible
Deductible | Premium |
---|---|
$100 | $1,816 |
$250 | $1,652 |
$500 | $1,458 |
$1,000 | $1,270 |
Full coverage, driver age 40
Rates by Liability Limit
Liability Limit | Premium |
---|---|
30/60 | $1,458 |
50/100 | $1,678 |
100/300 | $1,797 |
250/500 | $2,108 |
100 CSL | $1,725 |
300 CSL | $1,988 |
500 CSL | $2,180 |
Full coverage, driver age 40
Rates for High Risk Drivers
Age | Premium |
---|---|
16 | $7,764 |
20 | $5,300 |
30 | $3,204 |
40 | $3,142 |
50 | $2,996 |
60 | $2,968 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
Discount | Savings |
---|---|
Multi-policy | $78 |
Multi-vehicle | $76 |
Homeowner | $23 |
5-yr Accident Free | $103 |
5-yr Claim Free | $94 |
Paid in Full/EFT | $64 |
Advance Quote | $70 |
Online Quote | $104 |
Total Discounts | $612 |
Discounts are estimated and may not be available from every company or in every state.
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