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.

Estimated insurance rates for a Porsche Panamera are $1,458 a year for full coverage. Comprehensive costs around $322 a year, collision insurance costs $500, and liability coverage costs around $478. Liability-only coverage costs as low as $526 a year, and high-risk coverage costs around $3,142. Teens pay the most at up to $5,444 a year.

Average premium for full coverage: $1,458

Premium estimates for type of coverage:

These estimates include $500 policy deductibles, liability limits of 30/60, and includes both medical and uninsured motorist insurance. Rates include averaging for all states and Panamera trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on auto insurance rates. Areas with sparse population are statistically proven to have a lower frequency of accident claims than cities with more traffic congestion. The diagram below illustrates the difference between rural and urban areas on auto insurance rates.

These rate differences show why it is important to compare prices for a specific zip code and risk profile, rather than using averaged prices.

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

Additional Rate Details

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

• The cheapest rate after discounts is $846
• Using higher $1,000 deductibles will save about $1,270 a year
• The average rate for a 40-year-old good driver using $500 deductibles is $1,458
• Selecting low $100 deductibles for physical damage coverage will increase the cost to $1,816
• Higher-risk drivers with serious driving violations could pay at least $3,142
• An auto insurance policy for full coverage for a teenage driver can be $5,444 or more

View Chart as Image

Insurance prices for a Porsche Panamera also have a wide range based on your driving characteristics, the trim level of your Panamera, and deductibles and policy limits.

Older drivers with a clean driving record and high deductibles may only pay around $1,400 a year, or $117 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers can expect to pay as much as $5,400 a year. View Rates by Age

Where you choose to live has a huge impact on Porsche Panamera insurance rates. A driver around age 40 might see prices as low as $960 a year in states like Idaho, Maine, and Iowa, or have to pay at least $2,080 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $550 a year, while buying higher liability limits will increase prices. Going from a 50/100 limit to a 250/500 limit will cost up to $430 more per year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you could be paying at least $1,700 to $2,400 extra annually, depending on your age. A high-risk auto insurance policy can be around 44% to 130% more than the average 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 Cheap Porsche Panamera Insurance

Finding better rates on auto insurance requires being a good driver, maintaining good credit, not filing small claims, and dropping full coverage on older vehicles. Set aside time to compare rates once a year by getting rate quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local insurance agents.

The following list is a brief summary of the data that was covered above.

• Drivers can save up to $170 per year just by quoting early and online
• Consumers who may need an increased level of liability coverage will pay approximately $530 each year to increase from 30/60 bodily injury limits to 250/500 limits
• Drivers age 16 to 20 pay higher prices, as much as $454 per month for full coverage
• Drivers that tend to have accidents or serious violations may be required to pay an average of $1,680 more every year than a safer driver

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.