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 auto insurance rates for a Porsche Panamera are $1,390 annually with full coverage. Comprehensive costs an estimated $300 each year, collision costs $458, and liability coverage costs $474. Buying just liability costs as little as $522 a year, with insurance for high-risk drivers costing around $2,992. Teenage drivers receive the highest rates at $5,226 a year or more.

Average premium for full coverage: $1,390

Rate estimates broken down by individual coverage type:

Prices include $500 deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all U.S. states and Panamera models.

Price Range by Coverage and Risk

Price Range by Location

Your location has a large influence on car insurance rates. More rural locations tend to have fewer collision claims than densely populated cities.

The graphic below illustrates how your location can change insurance prices.

These examples demonstrate why all drivers should compare rates for a targeted area and their own personal driving habits, rather than using average rates.

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

Additional Charts and Tables

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

• The best discount rate is $809
• Drivers who choose higher $1,000 deductibles will pay approximately $174 annually
• The estimated rate for a 40-year-old driver who has $500 deductibles is $1,390
• Using low deductibles for comprehensive and collision insurance will cost $1,718
• High-risk insureds who are prone to accidents and violations could pay up to $2,992 or more
• The cost with full coverage for a teenage driver can cost as much as $5,226 a year

View Chart as Image

Auto insurance rates for a Porsche Panamera can also vary considerably based on the trim level of your Panamera, your driving record, and liability limits and deductibles.

More mature drivers with a good driving record and high physical damage deductibles may only pay around $1,300 per year on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they will have to pay at least $5,200 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you may be forking out $1,600 to $2,300 in extra premium per year, depending on your age. Insurance for high-risk drivers can cost around 44% to 129% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could save up to $510 a year, whereas increasing liability limits will increase premiums. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $426 extra every year. View Rates by Deductible or Liability Limit

Where you live makes a big difference in Porsche Panamera insurance rates. A 40-year-old driver could pay as low as $1,000 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,880 on average in New York, Michigan, and Florida.

View Chart as Image

With so much variability in rates, the best way to find out which company is cheapest is to do a rate comparison and see how they stack up. Every company uses a different method to calculate rates, and quoted rates can be significantly different between companies.

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

Saving money on auto insurance not only requires not taking risks behind the wheel, but also having above-average credit, eliminating unnecessary coverage, and qualifying for all possible discounts. Invest the time to shop around every other policy renewal by obtaining price quotes from direct companies like Progressive and GEICO, and also from several local insurance agents.

The following is a quick rundown of the ideas that were illustrated above.

• Teens are the costliest to insure, with premiums as much as $436 per month if full coverage is included
• Drivers with reckless driving or DUI convictions pay on average $1,600 more annually for Panamera insurance
• Increasing deductibles could save up to $500 each year
• You may be able to save approximately $170 per year simply by quoting online in advance

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.