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 on average $322 a year, collision costs $500, and liability insurance is $478. A policy with just liability insurance costs around $526 a year, with coverage for high-risk drivers costing $3,142 or more. Teens pay the highest rates at $5,444 a year or more.

Average premium for full coverage: $1,458

Price estimates by individual coverage:

These estimates include $500 deductible amounts, split liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all states and Panamera trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a significant impact on car insurance rates. Rural areas have lower incidents of accident claims than cities with more traffic congestion.

The diagram below illustrates the effect of geographic area on car insurance rates.

The ranges above show why it is important to compare rates quotes based on a specific location, rather than relying on averaged prices.

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

Additional Charts and Tables

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

• The cheapest rate after discounts is $846
• Raising to $1,000 deductibles will save around $1,270 a year
• The estimated price for the average middle-age driver with $500 deductibles is $1,458
• Selecting low $100 deductibles will cost an additional $358 a year
• Higher-risk drivers with serious driving violations could pay upwards of $3,142 or more
• The price that insures a teen driver may cost $5,444

View Chart as Image

Insurance prices for a Porsche Panamera are also quite variable based on the trim level of your Panamera, how you drive, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you could be paying at a minimum $1,700 to $2,400 extra each year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 44% to 130% more than the average policy. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles could pay as little as $1,400 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records can expect to pay upwards of $5,400 a year. View Rates by Age

The state you live in also has a big influence on Porsche Panamera insurance rates. A middle-age driver might find prices as low as $960 a year in states like Idaho, Maine, and Iowa, or have to pay at least $2,080 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $550 each year, while buying higher liability limits will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $430 more per year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every auto insurance company calculates prices differently, so the 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 Cheap Porsche Panamera Insurance

Getting lower rates on Porsche Panamera insurance consists of having a good driving record, having above-average credit, eliminating unnecessary coverage, and bundling your home and auto policies. Compare rates at least once a year by getting price quotes from direct carriers, and also from local exclusive and independent agents.

The next list is a brief summary of the primary concepts that were covered in the above illustrations.

• Drivers can save as much as $170 per year simply by quoting early and online
• High-risk drivers that tend to have accidents or serious violations may pay on average $1,680 more each year to buy Porsche Panamera insurance
• Increasing physical damage deductibles can save approximately $550 each year
• Drivers age 20 and younger pay the highest prices, with premiums as much as $454 a month if full coverage is included

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.