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 with full coverage. Comprehensive costs an estimated $322, collision costs $500, and liability costs $478. Buying just liability costs as little as $526 a year, with insurance for high-risk drivers costing around $3,142. Teenage drivers receive the highest rates at $5,444 a year or more.

Average premium for full coverage: $1,458

Rate estimates broken down by individual coverage type:

These estimates include $500 comprehensive and collision deductibles, 30/60 split liability limits, and includes both medical and uninsured motorist insurance. Rates are averaged for all U.S. states and for different Panamera trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location can make a big difference on car insurance rates. More rural locations tend to have a lower frequency of collision claims than densely populated cities.

The price range example below illustrates the difference location can make on insurance prices.

These examples demonstrate why anyone shopping for car insurance should compare rates for a targeted area and risk profile, instead of making a decision based on average rates.

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

Additional Rate Details

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

• The best discount rate is $846
• Drivers who choose higher $1,000 deductibles will pay approximately $188 annually
• The average rate for a 40-year-old driver who has $500 deductibles is $1,458
• Using more expensive low deductibles for comprehensive and collision insurance will increase the cost to $1,816
• Drivers who are prone to accidents and violations could pay up to $3,142 or more
• The cost for full coverage for a 16-year-old driver with full coverage can cost as much as $5,444 a year

View Chart as Image

Auto insurance rates for a Porsche Panamera can also vary considerably based on your driver profile, the trim level and model year, and liability limits and deductibles.

An older driver with a good driving record and high deductibles may pay as low as $1,400 per year on average for full coverage. Rates are much higher for teen drivers, where even good drivers will have to pay at least $5,400 a year. View Rates by Age

Where you live makes a big difference in Porsche Panamera insurance prices. A 40-year-old driver could pay as low as $1,050 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,970 on average in New York, Michigan, and Florida.

View Chart as Image

Using high physical damage deductibles could save up to $550 annually, while increasing your policy's liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will cost as much as $430 extra every year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you may be forking out $1,700 to $2,400 in extra premium per year, depending on your age. High-risk driver insurance can cost from 44% to 130% more than a normal policy. View High Risk Driver Rates

With so much variability in rates, the best way to find out which company is cheapest is to compare rates from multiple companies. Every company uses a different method to calculate rates, and quoted rates can be significantly different from one company to the next.

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 Cheap Porsche Panamera Insurance

Saving money on insurance for a Porsche Panamera not only requires having a decent driving record, but also having good credit, eliminating unnecessary coverage, and qualifying for all possible discounts. Make time to compare rates at least every other year by requesting quotes from direct companies like GEICO and Progressive, and also from local exclusive and independent agents.

The following items are a brief summary of the car insurance concepts touched on in this article.

• Drivers considered higher risk that tend to have accidents or serious violations may pay on average $1,680 more annually than a driver with a clean driving record
• You may be able to save approximately $170 per year simply by shopping early and online
• Increasing deductibles can save around $550 each year
• Insureds who want additional liability coverage will pay an extra $530 every year to go from a minimum limit to 250/500 limits

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.