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2010 Porsche Panamera Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Mar 23, 2020

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Average insurance rates for a 2010 Porsche Panamera are $1,512 a year including full coverage. Comprehensive costs on average $330, collision costs $550, and liability costs $474. Buying a liability-only policy costs as little as $522 a year, with high-risk insurance costing around $3,272. Teen drivers receive the highest rates at $5,636 a year or more.

Annual premium for full coverage: $1,512

Rate estimates for 2010 Porsche Panamera Insurance

Comprehensive $330
Collision $550
Liability $474

Rate data is compiled from all 50 U.S. states and averaged for all 2010 Porsche Panamera models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For a 40-year-old driver, prices range go from as low as $522 for just liability coverage to the much higher price of $3,272 for high-risk insurance.

Liability Only $522
Full Coverage $1,512
High Risk $3,272

View Chart as Image

2010 Porsche Panamera insurance rates compared
Column chart showing 2010 Porsche Panamera insurance prices range from $870 to $5,636 for full coverage

These differences highlight why everyone should compare rates based on a specific location and risk profile, instead of making a decision based on price averages.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Recommended Companies for Cheap 2010 Porsche Panamera Insurance

Searching Companies

Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Trust us when we tell you there are a lot of people just like you who feel imprisoned by their insurance policy.

Popular companies such as GEICO, Farmers Insurance and State Farm all promote huge savings with advertising and it is challenging if not impossible to ignore the flashy ads and effectively compare rates to find the best deal.

It is always a good idea to shop coverage around at least once a year because rates are usually higher with each renewal. Even if you think you had the best price on Panamera insurance a year ago the chances are good that you can find a lower rate today. So just forget all the misinformation about insurance because you’re about to learn how to use the internet to reduce your cost while increasing coverage.

If you currently have a car insurance policy, you will be able to lower your premiums substantially using this information. Buying car insurance is not that difficult. Although vehicle owners must know how big insurance companies market insurance on the web and take advantage of how the system works.

The quickest method we recommend to compare car insurance company rates takes advantage of the fact most of the bigger providers actually pay money for the chance to compare rate quotes. All you need to do is provide details like deductibles desired, whether you drive to work or school, your job, and how old drivers are. That rating data is instantly sent to multiple companies and you should receive rate quotes with very little delay.

Beware of misleading insurance ads

Insurance companies such as GEICO, State Farm and Progressive continually stream ads in print and on television. They all seem to make the same claim that you can save after switching your policy. How does each company say the same thing? This is how they do it.

Different companies are able to cherry pick for the type of customer that makes them money. An example of a preferred risk might be between the ages of 30 and 50, has no prior claims, and has a short commute. A customer getting a price quote that hits that “sweet spot” gets the lowest rates and is almost guaranteed to save when switching.

Potential customers who fall outside these standards will be quoted more money and this can result in business not being written. The ads state “people who switch” not “people who quote” save that much. This is how insurance companies can confidently state the savings.

This emphasizes why you absolutely need to compare as many rates as you can. It’s just too difficult to predict which insurance companies will fit your personal profile best.

Discounts can save BIG

The cost of insuring your cars can be expensive, buy you may qualify for discounts that you may not even be aware of. Certain discounts will be triggered automatically when you quote, but less common discounts must be specifically requested before being credited.

  • Auto/Life Discount – Larger companies have lower rates if you buy auto and life insurance together.
  • Seat Belts Save – Drivers who require all occupants to use their safety belts could cut 10% or more off your PIP or medical payments premium.
  • Discount for Swiching Early – Select companies give a discount for switching to them before your current policy expires. The savings is around 10%.
  • 55 and Retired – If you’re over the age of 55, you may receive better insurance coverage rates on Panamera insurance.
  • Accident Waiver – A few companies will allow you to have one accident before raising your premiums if you are claim-free for a set time period.
  • Federal Employees – Employees or retirees of the government can earn a discount up to 10% on Panamera insurance with select insurance companies.

It’s important to understand that most of the big mark downs will not be given to your bottom line cost. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like all those discounts means the company will pay you, companies don’t profit that way. Any amount of discount will bring down your premiums.

To see a list of insurance companies who offer insurance coverage discounts, click this link.

Will just any policy work for me?

When it comes to choosing adequate coverage for your vehicles, there really is no “best” method to buy coverage. Every insured’s situation is different and your policy should reflect that. These are some specific questions may help highlight whether you might need an agent’s assistance.

  • Do I have coverage when making deliveries for my home business?
  • Am I better off with higher deductibles on my 2010 Porsche Panamera?
  • What if I owe more than I can insure my car for?
  • What should my uninsured motorist coverage limits be in my state?
  • Do I pay less if my vehicle is kept in my garage?
  • What is no-fault insurance?

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If you’re not sure about those questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

Car insurance policy coverages for a Porsche Panamera

Understanding the coverages of car insurance aids in choosing the right coverages for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy. Shown next are the normal coverages found on the average car insurance policy.

Liability coverage

This provides protection from damage or injury you incur to other’s property or people. This coverage protects you against other people’s claims. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like repair bills for other people’s vehicles, medical expenses and structural damage. How much liability should you purchase? That is your choice, but you should buy as much as you can afford.

Medical payments and PIP coverage

Med pay and PIP coverage reimburse you for immediate expenses like dental work, pain medications, rehabilitation expenses, nursing services and prosthetic devices. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Porsche Panamera.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive auto coverage

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like fire damage, hitting a bird, damage from getting keyed, a tree branch falling on your vehicle and a broken windshield. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for collisions

Collision insurance pays for damage to your Panamera caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like sustaining damage from a pot hole, hitting a parking meter, crashing into a ditch and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.

Spend less. Save more.

You just learned a lot of tips how to lower your 2010 Porsche Panamera insurance rates. It’s most important to understand that the more rate comparisons you have, the better likelihood of reducing your rate. You may be surprised to find that the lowest rates come from a small mutual company. They can often insure niche markets at a lower cost compared to the large companies like State Farm and Allstate.

As you prepare to switch companies, it’s a bad idea to buy poor coverage just to save money. There have been many cases where an insured dropped physical damage coverage only to regret that they should have had better coverage. Your aim should be to buy enough coverage for the lowest price while still protecting your assets.

Cheaper insurance can be purchased from both online companies as well as from independent agents, so you should compare both to have the best chance of lowering rates. A few companies don’t offer online quoting and most of the time these regional insurance providers sell through independent agents.

To read more, feel free to visit the following helpful articles:

Use our FREE quote tool to compare rates now!

Rates by U.S. City

2010 Porsche Panamera Insurance Rates by City
City Premium
New York City, NY $2,391
Los Angeles, CA $2,586
Philadelphia, PA $2,019
Jacksonville, FL $2,195
Phoenix, AZ $1,756
Chicago, IL $2,027
Houston, TX $2,371
Seattle, WA $1,472
Columbus, OH $1,263
Indianapolis, IN $1,288

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2010 Porsche Panamera Insurance Rates by Driver Age
Driver Age Premium
16 $5,636
20 $3,470
30 $1,574
40 $1,512
50 $1,380
60 $1,352

Full coverage, $500 deductibles

Rates by Deductible

2010 Porsche Panamera Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,898
$250 $1,720
$500 $1,512
$1,000 $1,314

Full coverage, driver age 40

Rates by Liability Limit

Porsche Panamera Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,512
50/100 $1,607
100/300 $1,725
250/500 $2,033
100 CSL $1,654
300 CSL $1,915
500 CSL $2,105

Full coverage, driver age 40

Rates for High Risk Drivers

2010 Porsche Panamera Insurance Rates for High Risk Drivers
Age Premium
16 $8,046
20 $5,530
30 $3,340
40 $3,272
50 $3,122
60 $3,092

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $211

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $81
Multi-vehicle $80
Homeowner $23
5-yr Accident Free $110
5-yr Claim Free $98
Paid in Full/EFT $68
Advance Quote $74
Online Quote $108
Total Discounts $642
Rate after discounts $870

Discounts are estimated and may not be available from every company or in every state.

Find companies with the cheapest rates in your area

2010 Porsche Panamera Insurance Rates by State
State Premium
Alabama $1,368
Alaska $1,160
Arizona $1,254
Arkansas $1,512
California $1,724
Colorado $1,446
Connecticut $1,556
Delaware $1,712
Florida $1,892
Georgia $1,396
Hawaii $1,088
Idaho $1,022
Illinois $1,126
Indiana $1,140
Iowa $1,022
Kansas $1,438
Kentucky $2,062
Louisiana $2,240
Maine $934
Maryland $1,246
Massachusetts $1,210
Michigan $2,628
Minnesota $1,264
Mississippi $1,812
Missouri $1,342
Montana $1,624
Nebraska $1,192
Nevada $1,814
New Hampshire $1,088
New Jersey $1,692
New Mexico $1,340
New York $1,594
North Carolina $870
North Dakota $1,238
Ohio $1,044
Oklahoma $1,552
Oregon $1,384
Pennsylvania $1,442
Rhode Island $2,016
South Carolina $1,370
South Dakota $1,276
Tennessee $1,326
Texas $1,824
Utah $1,120
Vermont $1,036
Virginia $906
Washington $1,168
West Virginia $1,384
Wisconsin $1,046
Wyoming $1,348

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