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.

Estimated insurance prices for a Porsche Panamera are $1,390 every 12 months with full coverage. Comprehensive costs an estimated $300, collision insurance costs $458, and liability is estimated at $474. A liability-only policy costs approximately $522 a year, and high-risk insurance costs around $2,992. 16-year-old drivers pay the most at up to $5,226 a year.

Average premium for full coverage: $1,390

Premium estimates broken down by type of coverage:

Rate estimates include $500 policy deductibles, 30/60 split liability limits, and includes both medical and uninsured motorist insurance. Rates include averaging for all U.S. states and for all Panamera models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can make a big difference on car insurance rates. More rural locations are statistically proven to have more infrequent collision claims than congested cities. The example below illustrates how location helps determine insurance prices.

These rate differences demonstrate why everyone should get quotes for a targeted area 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.

Additional Rate Details

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

• The best full coverage rate is $809
• Choosing higher $1,000 deductibles can save approximately $174 annually
• The average price for a 40-year-old good driver who has $500 deductibles is $1,390
• Buying pricier low deductibles for comp and collision coverage increases the price to $1,718
• Higher-risk drivers with multiple tickets or accidents could pay up to $2,992
• An auto insurance policy to insure a 16-year-old driver for full coverage can cost as much as $5,226 each year

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Auto insurance prices for a Porsche Panamera also have a wide range based on physical damage deductibles and liability limits, your driving record, and the model year and trim level.

Opting for high physical damage deductibles can save as much as $510 annually, whereas buying more liability protection will increase premiums. Moving from a 50/100 liability limit to a 250/500 limit will cost up to $426 extra every year. View Rates by Deductible or Liability Limit

A more mature driver with a good driving record and higher deductibles may pay as low as $1,300 annually on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers will have to pay at least $5,200 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you may be forking out $1,600 to $2,300 in extra premium annually, depending on your age. Porsche Panamera insurance for high-risk drivers ranges from 44% to 129% more than the average rate. View High Risk Driver Rates

Where you choose to live plays a big part in determining prices for Porsche Panamera insurance prices. A good driver about age 40 could pay as low as $1,000 a year in states like Utah, Ohio, and New Hampshire, or at least $1,880 on average in New York, Michigan, and Florida.

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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 Best Porsche Panamera Insurance

Finding better rates on insurance for a Porsche Panamera takes being safe and accident-free, having a good credit score, being claim-free, and consideration of higher deductibles. Invest time comparing rates at least every other year by getting rate quotes from direct companies, and also from your local independent and exclusive agents.

Below you'll find a brief recap of the car insurance concepts covered in the charts and tables above.

• Drivers considered higher risk who tend to receive serious violations may pay on average $1,600 more annually than a low-risk driver
• You may be able to save approximately $170 per year just by quoting online well ahead of the renewal date
• Increasing policy deductibles could save as much as $500 each year
• Insureds who want more liability protection will pay around $520 every year to raise limits from 30/60 bodily injury limits to a 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.