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.

Average insurance rates for a Porsche Panamera are $1,458 a year including full coverage. Comprehensive insurance costs around $322 each year, collision insurance costs $500, and liability is $478. Liability-only coverage costs around $526 a year, and high-risk coverage costs $3,142 or more. Teenage drivers receive the highest rates at up to $5,444 a year.

Average premium for full coverage: $1,458

Rate estimates for individual coverage type:

Prices are based on $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates are averaged for all 50 U.S. states and Panamera models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can make a big difference on the price of insurance. Areas with sparse population tend to have a lower frequency of comprehensive and collision claims than densely populated cities. The graphic below illustrates how your location can change auto insurance rates.

These examples highlight why all drivers should compare rates quotes for a specific zip code and risk profile, instead of making a decision based on average rates.

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

Rate Comparisons

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

• The best discount rate is $846
• Raising to $1,000 deductibles will save about $188 every year
• The average rate for a 40-year-old driver using $500 deductibles is $1,458
• Using low deductibles will cost an extra $358 annually
• Drivers who are prone to accidents and violations could pay at least $3,142
• The cost for full coverage for a 16-year-old driver can be $5,444

View Chart as Image

Car insurance rates for a Porsche Panamera can also vary considerably based on your driver profile, the model of your Panamera, and deductibles and policy limits.

More mature drivers with no driving violations and high deductibles may pay as low as $1,400 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even good drivers will be charged as much as $5,400 a year. View Rates by Age

Where you live also has a big influence on Porsche Panamera insurance prices. A middle-age driver might find rates as low as $1,120 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $2,080 on average in Michigan, New York, and Louisiana.

View Chart as Image

Using high physical damage deductibles can reduce rates by up to $550 annually, whereas increasing liability limits will increase rates. Changing from a 50/100 limit to a 250/500 limit will cost as much as $430 extra every 12 months. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are likely paying at least $1,700 to $2,400 extra per year, depending on your age. Insurance for high-risk drivers is expensive and can cost from 44% to 130% more than a normal policy. 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 Affordable Porsche Panamera Insurance

Saving money on insurance for a Porsche Panamera consists of having a decent driving record, having above-average credit, not filing small claims, and consideration of higher deductibles. Invest the time to shop around at least once a year by obtaining price quotes from direct car insurance companies like GEICO and Progressive, and also from several local insurance agents.

The following items are a brief review of the primary concepts that were illustrated above.

• You may be able to save up to $170 per year just by quoting online in advance
• Drivers considered higher risk with DUI or reckless driving convictions pay on average $1,680 more every year than a driver with a clean driving record
• Increasing deductibles can save around $550 each year
• 16 to 18-year-old drivers are the costliest to insure, as much as $454 per 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.