Porsche Panamera Insurance Rates
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UPDATED: Jun 6, 2023
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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 $2,092 every 12 months with full coverage. Comprehensive insurance costs an estimated $502, collision insurance costs $1,016, and liability is estimated at $416. A liability-only policy costs approximately $474 a year, and high-risk insurance costs $4,562 or more. Teens receive the highest rates at up to $7,446 a year.
Average premium for full coverage: $2,092
Rate estimates broken down by individual coverage type:
Prices are based on $500 deductible amounts, 30/60 split liability limits, and includes both medical and uninsured motorist insurance. Rates are averaged for all U.S. states and for different Panamera trim levels.
Price Range by Coverage and Risk
Using a middle-aged driver as an example, prices range range from the cheapest price of $474 for minimum levels of liability insurance to a much higher rate of $4,562 for a high-risk insurance policy.
Price Range by Location
Living in a larger city can make a big difference on car insurance rates. More rural locations tend to have more infrequent collision claims than cities with more traffic congestion. The price range example below illustrates how where you live affects insurance prices.
These examples demonstrate why anyone shopping for car insurance should get quotes for a targeted area and their own driving history, instead of making a decision based on averaged prices.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Additional Rate Details
The chart below details average Porsche Panamera insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $1,151
- Choosing higher $1,000 deductibles can save approximately $344 annually
- The average price for a 40-year-old driver who has $500 deductibles is $2,092
- Selecting more expensive low deductibles for comp and collision coverage costs an extra $674 annually
- Higher-risk drivers with serious driving violations could pay up to $4,562
- The cost to insure a 16-year-old driver with full coverage can cost as much as $7,446 each year
Insurance rates for a Porsche Panamera can also vary considerably based on policy deductibles and limits, your driving record, and the model year and trim level.
Choosing higher comprehensive and collision insurance deductibles can save as much as $1,020 annually, while increasing your policy's liability limits will increase premiums. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $375 more per year. View Rates by Deductible or Liability Limit
An older driver with a clean driving record and higher deductibles may pay as low as $1,900 annually on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers can expect to pay at least $7,400 a year. View Rates by Age
If you like to drive fast or you were responsible for an accident, you may be forking out $2,500 to $3,300 extra per year, depending on your age. High-risk driver insurance ranges from 44% to 134% more than the average policy. View High Risk Driver Rates
Where you live plays a big part in determining prices for Porsche Panamera insurance prices. A good driver about age 40 could pay as low as $1,510 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $2,820 on average in New York, Michigan, and Florida.
|State||Premium||Compared to U.S. Avg||Percent Difference|
Insurance Rates by Trim Level and Model Year
|Model and Trim||Annual Premium||Monthly Premium|
|Porsche Panamera S 4-Dr Hatchback||$1,970||$164|
|Porsche Panamera 4S AWD 4-Dr Hatchback||$2,010||$168|
|Porsche Panamera Turbo AWD 4-Dr Hatchback||$2,326||$194|
Rates assume 2020 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.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2020 Porsche Panamera||$502||$1,016||$416||$2,092|
|2014 Porsche Panamera||$378||$678||$460||$1,674|
|2013 Porsche Panamera||$366||$636||$464||$1,624|
Rates are averaged for all Porsche Panamera models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Shop for Affordable Porsche Panamera Insurance
Saving money on insurance for a Porsche Panamera takes having a good driving record, having good credit, eliminating unnecessary coverage, and deciding if full coverage is necessary. Take the time to comparison shop at least every other year by getting quotes from direct companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.
The next list is a brief review of the car insurance concepts touched on in the above illustrations.
- Drivers considered higher risk with DUI or reckless driving convictions may pay on average $2,470 more annually to buy Porsche Panamera insurance
- You may be able to save approximately $270 per year just by shopping early and online
- Increasing deductibles could save as much as $1,025 each year
- Insureds who want increased levels of liability coverage will pay approximately $460 every year to raise limits from a minimum limit to a 250/500 level
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.
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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.
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.
Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$172|
|5-yr Claim Free||$140|
|Paid in Full/EFT||$109|
Discounts are estimated and may not be available from every company or in every state.