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 insurance costs on average $322, collision insurance costs $500, and liability coverage is $478. A liability-only policy costs around $526 a year, and high-risk insurance 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 by type of insurance:

Rate estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes both medical and uninsured motorist insurance. Prices are averaged for all U.S. states and for different Panamera trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on auto insurance rates. Rural areas are shown to have fewer collision claims than larger metro areas. The price range example below illustrates the effect of geographic area on car insurance rates.

The examples above demonstrate why anyone shopping for car insurance should compare rates quotes based on a specific location and their own personal driving habits, rather than using price 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 different risk profiles and scenarios.

• The lowest rate with discounts is $846
• Raising to $1,000 deductibles will save around $188 annually
• The estimated rate for a good driver age 40 with $500 deductibles is $1,458
• Choosing more expensive low deductibles costs an additional $358 each year
• Unlucky drivers with multiple violations and an at-fault accident could pay upwards of $3,142
• Policy cost with full coverage for a teenage driver with full coverage may cost $5,444

View Chart as Image

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

An older driver with no driving violations and high physical damage deductibles may only pay around $1,400 every 12 months on average, or $117 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they will be charged upwards of $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 at a minimum $1,700 to $2,400 extra every year, depending on your age. High-risk driver insurance is expensive and can cost around 44% to 130% more than average. View High Risk Driver Rates

Choosing high deductibles can reduce rates by up to $550 a year, while increasing your policy's liability limits will cost you more. Moving from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $430 extra every 12 months. View Rates by Deductible or Liability Limit

Your home state also has a big influence on Porsche Panamera insurance rates. A middle-age driver might find rates as low as $1,050 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,970 on average in Florida, Michigan, and New York.

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 Best Porsche Panamera Insurance

Finding cheaper rates on auto insurance consists of avoiding accidents and claims, having a good credit score, not filing small claims, and possibly raising deductibles. Take the time to compare rates every other policy renewal by obtaining price quotes from direct companies like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The points below are a brief recap of the ideas that were covered in the above illustrations.

• Drivers under the age of 20 are expensive to insure, as much as $454 each month if comprehensive and collision insurance is included
• Drivers who tend to receive serious violations pay an average of $1,680 more each year to insure a Porsche Panamera
• Increasing comprehensive and collision deductibles could save up to $550 each year
• You may be able to save as much as $170 per year just by shopping early and online

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.