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 insurance prices for a Porsche Panamera are $1,458 every 12 months with full coverage. Comprehensive costs on average $322, collision costs $500, and liability insurance is estimated at $478. A policy with just liability insurance costs approximately $526 a year, with coverage for high-risk drivers costing around $3,142. Teenage drivers receive the highest rates at $5,444 a year or more.

Average premium for full coverage: $1,458

Rate estimates by individual coverage type:

Full coverage includes $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes medical and UM/UIM coverage. Rates are averaged for all U.S. states and for all Panamera models.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city has a significant impact on auto insurance rates. Rural areas tend to have more infrequent collision claims than densely populated cities.

The example below illustrates how location impacts car insurance rates.

These examples demonstrate why everyone should get quotes based on a specific location and their own driving history, rather than relying on average rates.

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

More Rate Details

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

• The best discount rate is $846
• Choosing higher $1,000 deductibles can save around $188 annually
• The average price for a 40-year-old driver with $500 deductibles is $1,458
• Using pricier low deductibles for comp and collision coverage increases the price to $1,816
• High-risk insureds who are prone to accidents and violations could pay upwards of $3,142 or more
• The cost to insure a teen driver for full coverage may cost $5,444 each year

View Chart as Image

Insurance rates for a Porsche Panamera can also vary considerably based on policy deductibles and limits, your driving record, and the trim level of your Panamera.

Using high physical damage deductibles can save as much as $550 each year, whereas buying more liability protection will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $430 more each year. View Rates by Deductible or Liability Limit

A more mature driver with no violations or accidents and higher deductibles could pay as little as $1,400 annually on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers should be prepared to pay upwards of $5,400 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you may be forking out at a minimum $1,700 to $2,400 additional per year, depending on your age. Porsche Panamera insurance for high-risk drivers ranges anywhere from 44% to 130% more than a normal policy. View High Risk Driver Rates

Where you live plays a big part in determining prices for Porsche Panamera insurance rates. A good driver about age 40 could pay as low as $1,050 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,970 on average in Florida, Michigan, and New York.

View Chart as Image

With so much variability in rates, the best way to find out exactly what you will pay is to regularly compare rates from as many companies as possible. Each auto insurer uses a different method to calculate rates, and rates can be significantly 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 More Affordable Porsche Panamera Insurance

Saving money on Porsche Panamera insurance takes avoiding accidents and violations, having above-average credit, eliminating unnecessary coverage, and insuring your home and auto with the same company. Spend time shopping around at least once a year by getting quotes from direct companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The list below is a summary of the primary concepts that were touched on above.

• You may be able to save as much as $170 per year simply by quoting online well ahead of the renewal date
• High-risk drivers who have multiple accidents or major violations may pay on average $1,680 more each year for car insurance
• Increasing deductibles could save as much as $550 each year
• Teenagers pay higher rates, with premiums as much as $454 per month if full coverage is included

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.