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 insurance prices for a Porsche Panamera are $1,390 every 12 months for full coverage insurance. Comprehensive costs on average $300, collision costs $458, and liability is $474. Liability-only coverage costs around $522 a year, with high-risk coverage costing around $2,992. Teens pay the highest rates at $5,226 a year or more.

Average premium for full coverage: $1,390

Price estimates by individual coverage:

Price estimates include $500 policy deductibles, minimum liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all 50 states and for different Panamera trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can have significant affects on insurance rates. Rural areas have more infrequent physical damage claims than cities with more traffic congestion.

The price range example below illustrates how geographic area affects car insurance rates.

The ranges above illustrate why anyone shopping for car insurance should compare rates quotes based on a specific location and their own driving history, instead of using averaged prices.

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

Rate Comparisons

The chart below illustrates estimated Porsche Panamera insurance rates for different risk profiles and scenarios.

• The cheapest rate after discounts is $809
• Raising to $1,000 deductibles will save around $174 each year
• The average price for the average middle-age driver with $500 deductibles is $1,390
• Selecting more expensive low deductibles increases the price to $1,718
• At-risk drivers with serious driving violations could pay upwards of $2,992 or more
• The price to insure a teen driver with full coverage may cost $5,226

View Chart as Image

Auto insurance prices for a Porsche Panamera are also quite variable based on deductibles and policy limits, your risk profile, and the trim level of your Panamera.

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $510 every year, while increasing your policy's liability limits will cost you more. Switching from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $426 extra every year. View Rates by Deductible or Liability Limit

An older driver with a good driving record and higher deductibles may pay as little as $1,300 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will have to pay upwards of $5,200 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are probably paying at a minimum $1,600 to $2,300 in extra premium each year, depending on your age. High-risk driver insurance is expensive and can cost as much as 44% to 129% more than the average policy. View High Risk Driver Rates

The state you live in also has a big influence on Porsche Panamera insurance prices. A middle-age driver might find prices as low as $910 a year in states like Vermont, Wisconsin, and North Carolina, or have to pay at least $1,880 on average in Michigan, New York, and Florida.

View Chart as Image

Since prices can be so different, the only way to figure out exactly what you will pay is to compare prices and see which company has the best price. Every auto insurance company calculates prices differently, and quoted prices may be quite different.

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 Shop for Cheaper Porsche Panamera Insurance

Getting lower rates on car insurance consists of avoiding accidents and claims, having a good credit score, not filing small claims, and taking advantage of discounts. Invest the time to compare rates every couple of years by getting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The points below are a condensed summary of the material that was presented in the illustrations above.

• Policyholders who require increased liability limits will pay approximately $520 annually to raise from a low limit to a 250/500 level
• Drivers under the age of 20 are charged the highest prices, as much as $436 a month if comprehensive and collision insurance is included
• Higher risk drivers with multiple at-fault accidents pay on average $1,600 more each year to insure a Porsche Panamera
• Increasing physical damage deductibles could save as much as $500 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.