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 auto insurance rates for a Porsche Panamera are $1,458 annually with full coverage. Comprehensive costs an estimated $322 a year, collision insurance costs $500, and liability coverage is estimated at $478. Liability-only coverage costs approximately $526 a year, and high-risk coverage costs around $3,142. Teen drivers cost the most to insure at up to $5,444 a year.

Average premium for full coverage: $1,458

Policy rates broken down by type of insurance:

Prices include $500 physical damage deductibles, liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all U.S. states and Panamera trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a large influence on car insurance rates. More rural locations are shown to have fewer collision claims than larger metro areas. The diagram below illustrates the difference between rural and urban areas on insurance prices.

The examples above demonstrate why it is important to get quotes for a targeted area and their own personal driving habits, rather than using price averages.

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

Detailed Rate Analysis

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

• The lowest rate with discounts is $846
• Choosing higher $1,000 deductibles can save approximately $1,270 annually
• The estimated rate for a good driver age 40 who has $500 deductibles is $1,458
• Choosing low $100 deductibles for comp and collision coverage will cost $1,816
• Drivers with multiple violations and an at-fault accident could pay up to $3,142
• Policy cost with full coverage for a teenage driver can cost as much as $5,444 each year

View Chart as Image

Insurance rates for a Porsche Panamera also range considerably based on the model year and trim level, your driving record, and liability limits and deductibles.

Older drivers with no violations or accidents and high physical damage deductibles may only pay around $1,400 annually on average, or $117 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they should be prepared to pay at least $5,400 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you may be forking out $1,700 to $2,400 additional every year, depending on your age. A high-risk auto insurance policy ranges around 44% to 130% more than average. View High Risk Driver Rates

Choosing high deductibles can save as much as $550 a year, while buying higher liability limits will increase premiums. Moving from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $430 more each year. View Rates by Deductible or Liability Limit

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 $1,050 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,970 on average in New York, Michigan, and Florida.

View Chart as Image

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 the Right Porsche Panamera Insurance

Finding cheaper rates on auto insurance takes being a safe and courteous driver, having good credit, not filing small claims, and possibly raising deductibles. Set aside time to compare rates once a year by requesting rates from direct companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.

Below is a quick rundown of the data that was covered above.

• You may be able to save approximately $170 per year just by quoting early and online
• Consumers who want higher levels of liability will pay about $530 every year to raise limits from a 30/60 limit to higher 250/500 limits
• Teenage drivers are expensive to insure, as much as $454 each month if they have full coverage
• Drivers with reckless driving or DUI convictions pay on average $1,680 more annually for auto 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.