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 insurance rates for a Porsche Panamera are $1,390 a year with full coverage. Comprehensive costs around $300 a year, collision insurance costs $458, and liability coverage 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 cost the most to insure at up to $5,226 a year.

Average premium for full coverage: $1,390

Policy rates for type of insurance:

Rate estimates include $500 comprehensive and collision deductibles, minimum liability limits, and includes additional medical/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 insurance rates. Areas with sparse population are shown to have a lower frequency of collision claims than congested cities. The diagram below illustrates how where you live affects auto insurance rates.

The examples above demonstrate why it is important to get quotes for a specific zip code and risk profile, rather than using rate averages.

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

Additional Rate Analysis

The chart below details average Porsche Panamera insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $809
• Choosing higher $1,000 deductibles can save about $1,216 annually
• The average rate for a good driver age 40 using $500 deductibles is $1,390
• Buying low $100 deductibles for comp and collision coverage will increase the cost to $1,718
• Drivers with multiple tickets or accidents could pay at least $2,992
• Policy cost for full coverage for a teenage driver can be $5,226 each year

View Chart as Image

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

Older drivers with no driving violations and high deductibles may only pay around $1,300 annually on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged as much as $5,200 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 $1,000 a year in states like New Hampshire, Ohio, and Utah, or at least $1,880 on average in Florida, Michigan, and New York.

View Chart as Image

Opting for high physical damage deductibles can save as much as $510 a year, while buying higher liability limits will increase rates. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $426 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out at least $1,600 to $2,300 extra every year, depending on your age. A high-risk auto insurance policy ranges around 44% to 129% more than the average rate. View High Risk Driver Rates

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 the Best Porsche Panamera Insurance

Finding cheaper rates on auto insurance takes having a decent driving record, having above-average credit, not filing small claims, and consideration of higher deductibles. Take the time to comparison shop every couple of years by getting quotes from direct companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The following items are a brief recap of the material that was touched on in the above illustrations.

• Consumers who may need additional liability coverage will pay around $520 every year to raise limits from a 30/60 limit to 250/500 limits
• 16 to 18-year-old drivers are the costliest to insure, as much as $436 each month if full coverage is included
• Drivers who tend to receive serious violations pay an average of $1,600 more every year than a driver with a clean driving record
• Increasing comprehensive and collision deductibles can save around $500 each year

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.