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 rates for a Porsche Panamera are $2,046 a year for full coverage. Comprehensive insurance costs an estimated $484 a year, collision insurance costs $974, and liability coverage costs around $430. A policy with just liability insurance costs as low as $486 a year, and coverage for high-risk drivers costs $4,460 or more. Teenage drivers pay the highest rates at up to $7,314 a year.

Average premium for full coverage: $2,046

Price estimates broken down by individual coverage:

Prices are based on $500 policy deductibles, minimum liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all states and Panamera trim levels.

Price Range from Low to High

Geographic Price Range

Where you live has a large influence on insurance rates. More rural locations have lower incidents of accident claims than densely populated cities. The diagram below illustrates the difference between rural and urban areas on insurance prices.

The ranges above show why it is important to compare prices for a targeted area, rather than using average rates.

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

Rate Comparisons

The chart below shows average Porsche Panamera insurance rates for other coverage scenarios.

• The best discount rate is $1,130
• Using higher $1,000 deductibles will save approximately $1,716 a year
• The estimated price for the average middle-age driver who has $500 deductibles is $2,046
• Using low $100 deductibles for physical damage coverage will cost an additional $648 each year
• Higher-risk drivers who are prone to accidents and violations could pay up to $4,460
• The price that insures a teenage driver can cost as much as $7,314 or more

View Chart as Image

Insurance prices for a Porsche Panamera are also quite variable based on the trim level of your Panamera, how you drive, and liability limits and deductibles.

If you have some driving violations or you caused an accident, you could be paying $2,400 to $3,300 extra each year, depending on your age. A high-risk auto insurance policy can be around 45% to 131% more than a normal policy. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may only pay around $1,900 a year for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records can expect to pay at least $7,300 a year. View Rates by Age

The state you live in has a huge impact on Porsche Panamera insurance rates. A driver around age 40 might see prices as low as $1,350 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $2,920 on average in New York, Louisiana, and Michigan.

View Chart as Image

Using high physical damage deductibles could cut prices by as much as $980 a year, while buying higher liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $387 more per year. View Rates by Deductible or Liability Limit

Insurance Rates by Trim Level and Model Year

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.

How to Find Affordable Porsche Panamera Insurance

Getting lower rates on auto insurance requires avoiding accidents and claims, having above-average credit, eliminating unnecessary coverage, and deciding if full coverage is necessary. Compare prices every couple of years by quoting rates from direct carriers, and also from your local independent and exclusive agents.

The points below are a brief review of the material that was covered above.

• Consumers who want increased liability limits will pay an extra $470 each year to increase from a low limit to the 250/500 level
• Drivers under the age of 20 are charged the highest prices, with premiums as much as $610 a month if full coverage is included
• Drivers with DUI or reckless driving convictions may pay on average $2,410 more annually to insure a Porsche Panamera
• Increasing physical damage deductibles can save approximately $975 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.