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 including full coverage. Comprehensive insurance costs approximately $300, collision costs $458, and liability is $474. Buying just liability costs around $522 a year, with insurance for high-risk drivers costing $2,992 or more. Teen drivers receive the highest rates at $5,226 a year or more.

Average premium for full coverage: $1,390

Rate estimates by individual coverage type:

Prices include $500 deductible amounts, liability coverage up to 30/60, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and for all Panamera models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can have significant affects on car insurance prices. Rural locations tend to have fewer comprehensive and collision claims than larger metro areas.

The example below illustrates how where you live affects auto insurance prices.

These examples highlight why everyone should compare rates quotes using their specific location and their own personal driving habits, instead of using price averages.

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

Additional Charts and Tables

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

• The lowest rate with discounts is $809
• Raising to $1,000 deductibles will save $174 every year
• The estimated rate for a 40-year-old driver who chooses $500 deductibles is $1,390
• Choosing pricier low deductibles costs an additional $328 every year
• At-risk drivers with multiple violations and an at-fault accident could pay around $2,992 or more
• The cost with full coverage for a teen driver for full coverage can cost $5,226

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 characteristics, and physical damage deductibles and liability limits.

A more mature driver with a good driving record and high physical damage deductibles may pay as little as $1,300 every 12 months on average for full coverage. Rates are highest for teen 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 like to drive fast or you caused a few accidents, you are likely paying anywhere from $1,600 to $2,300 in extra premium per year, depending on your age. Porsche Panamera insurance for high-risk drivers is expensive and can cost as much as 44% to 129% more than average. View High Risk Driver Rates

Choosing high deductibles can reduce rates by up to $510 every year, whereas buying more liability protection will push rates upward. Changing 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 also has a big influence on Porsche Panamera insurance prices. A middle-age driver might find rates as low as $1,070 a year in states like Vermont, New Hampshire, and Missouri, or as much as $1,980 on average in Louisiana, New York, and Michigan.

View Chart as Image

With so much variability in rates, the best way to figure out who has the best auto insurance rates is to regularly compare rates and see which company has the best rate. Every auto insurance company uses a different rate calculation, 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 car insurance consists of having a good driving record, having above-average credit, not filing small claims, and not having any coverage lapses. Take the time to comparison shop every time your policy renews by getting rate quotes from direct car insurance companies like Progressive and GEICO, and also from local insurance agencies.

The next list is a quick rundown of the information touched on in the above illustrations.

• You may be able to save around $170 per year simply by quoting online well ahead of the renewal date
• Drivers age 20 and younger have the highest car insurance rates, as much as $436 per month if full coverage is included
• Increasing deductibles could save up to $500 each year
• Higher risk drivers with reckless driving or DUI convictions may have to pay on average $1,600 more per year to buy Porsche Panamera insurance
• Policyholders who purchase increased levels of liability coverage will pay about $520 per year to raise from a minimum limit to higher 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.