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.

The average insurance rates for a Porsche Panamera are $1,330 a year including full coverage. Comprehensive costs around $282, collision insurance costs $416, and liability costs $474. Liability-only coverage costs as little as $522 a year, and high-risk coverage costs around $2,858. Teen drivers cost the most to insure at up to $5,034 a year.

Average premium for full coverage: $1,330

Policy rates for type of insurance:

Prices are based on $500 comprehensive and collision deductibles, minimum liability limits, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for all Panamera models.

Price Range Variability

Urban vs. Rural Price Range

Your location can have significant affects on the price of insurance. Areas with sparse population are shown to have a lower frequency of comprehensive and collision claims than larger metro areas. The example below illustrates the difference location can make on auto insurance rates.

The examples above highlight why everyone should compare rates for a specific zip code and risk profile, 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 average Porsche Panamera insurance rates for additional coverage choices and driver risks.

• The lowest rate with discounts is $780
• Drivers who choose higher $1,000 deductibles will pay about $160 every year
• The average rate for a good driver age 40 using $500 deductibles is $1,330
• Choosing pricier low deductibles for comprehensive and collision insurance will increase the cost to $1,632
• Higher-risk drivers with multiple violations and an at-fault accident could pay at least $2,858
• Policy cost for full coverage for a teen driver for full coverage can be $5,034 a year

View Chart as Image

Insurance rates for a Porsche Panamera also range considerably based on your risk profile, the model of your Panamera, and deductibles and policy limits.

A more mature driver with no violations or accidents and high deductibles may pay as little as $1,200 per year on average, or $100 per month, for full coverage. Rates are highest for teenagers, where even good drivers should be prepared to pay as much as $5,000 a year. View Rates by Age

Your home state makes a big difference in Porsche Panamera insurance prices. A 40-year-old driver could pay as low as $1,020 a year in states like Missouri, New Hampshire, and Vermont, or as much as $1,900 on average in Michigan, New York, and Louisiana.

View Chart as Image

Choosing high deductibles could save up to $470 every year, whereas buying more liability protection will increase rates. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $426 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are likely paying at least $1,600 to $2,200 additional every year, depending on your age. Porsche Panamera insurance for high-risk drivers can cost as much as 44% to 134% more than average. 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 Affordable Porsche Panamera Insurance

Finding cheaper rates on car insurance not only requires avoiding accidents and violations, but also having a good credit history, paying for small claims out-of-pocket, and deciding if full coverage is necessary. Make time to compare rates every couple of years by obtaining price quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The list below is a brief review of the material that was touched on in this article.

• Policyholders who may need higher liability limits will pay about $520 per year to go from a 30/60 limit to 250/500 limits
• Teenagers are charged the highest rates, with premiums being up to $420 each month including comprehensive and collision insurance
• Higher risk drivers with DUI or reckless driving convictions pay on average $1,530 more every year for car insurance
• Increasing comprehensive and collision deductibles can save around $450 each year

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.