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.

U.S. average auto insurance rates for a Porsche Panamera are $1,390 annually for full coverage insurance. Comprehensive costs approximately $300, collision costs $458, and liability costs $474. Liability-only coverage costs as little as $522 a year, with high-risk coverage costing around $2,992. Teenage drivers pay the highest rates at $5,226 a year or more.

Average premium for full coverage: $1,390

Price estimates by individual coverage:

These estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes medical and UM/UIM coverage. Estimates are averaged for all 50 states and for all Panamera models.

Price Range from Low to High

Geographic Price Range

Your location can make a big difference on the price of auto insurance. Rural locations have fewer physical damage claims than densely populated cities.

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

The ranges above illustrate why everyone should compare rates using their specific location and their own personal driving habits, instead of making a decision based on average rates.

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

More Rate Details

The chart below illustrates estimated Porsche Panamera insurance rates for additional coverage and risk scenarios.

• The best discount rate is $809
• Drivers who choose higher $1,000 deductibles will pay $174 each year
• The estimated rate for the average middle-age driver who chooses $500 deductibles is $1,390
• Using pricier low deductibles for comprehensive and collision insurance will cost $1,718
• Drivers who are prone to accidents and violations could pay around $2,992 or more
• The price with full coverage for a 16-year-old driver for full coverage can cost $5,226 a year

View Chart as Image

Auto insurance prices for a Porsche Panamera are also quite variable based on the trim level and model year, your risk profile, and physical damage deductibles and liability limits.

A more mature driver with a good driving record and high physical damage deductibles may pay as low as $1,300 per year on average for full coverage. Prices are much higher for teenage drivers, where even without any violations or accidents they will have to pay in the ballpark of $5,200 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you are probably paying anywhere from $1,600 to $2,300 in extra premium each year, depending on your age. Porsche Panamera insurance for high-risk drivers can cost from 44% to 129% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could save up to $510 annually, whereas buying more liability protection will push prices upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $426 extra every year. View Rates by Deductible or Liability Limit

The state you live in makes a big difference in Porsche Panamera insurance prices. A 40-year-old driver could pay as low as $910 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,880 on average in Florida, New York, and Michigan.

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Since prices can be so different, the only way to figure out who has the best car insurance prices is to regularly compare prices from multiple companies. Every company uses a different method to calculate prices, and quoted prices may be quite 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 Cheap Porsche Panamera Insurance

Getting lower rates on insurance for a Porsche Panamera not only requires avoiding accidents and claims, but also having above-average credit, not filing small claims, and not having any coverage lapses. Make time to compare rates at every other renewal by getting rate quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.

The points below are a brief summary of the concepts that were touched on in this article.

• Drivers considered higher risk that tend to have accidents or serious violations could be forced to pay on average $1,600 more per year to insure a Porsche Panamera
• Drivers under the age of 20 have the highest car insurance prices, as much as $436 a month if full coverage is included
• It is possible to save around $170 per year simply by quoting online well ahead of the renewal date
• Increasing physical damage deductibles could save up to $500 each year
• It is possible to save around $170 per year simply by quoting online well ahead of the renewal date

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.