Porsche Panamera Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: May 1, 2020

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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 rates for a Porsche Panamera are $2,118 a year for full coverage. Comprehensive costs on average $520 a year, collision costs $1,042, and liability insurance costs $398. A liability-only policy costs as little as $460 a year, with high-risk insurance costing around $4,614. Teen drivers receive the highest rates at $7,486 a year or more.

Average premium for full coverage: $2,118

Rate estimates by individual coverage type:

Comprehensive $520
Collision $1042
Liability $398

Rates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Rates are averaged for all states and Panamera trim levels.

Price Range by Coverage and Risk

For a middle-aged driver, prices range go from as low as $460 for only liability insurance to a high of $4,614 for a high risk driver.

Liability Only $460
Full Coverage $2,118
High Risk $4,614

Price Range by Location

Your location has a significant impact on car insurance rates. Rural areas tend to have a lower frequency of accident claims than larger metro areas.

The diagram below illustrates the effect of location on car insurance rates.

Rural Areas $1,589
Small Cities $2,224
Large Cities $2,859

These examples show why it is important to compare rates based on a specific location and risk profile, rather than relying on price averages.

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.

Insurance Rate Analysis

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

  • The lowest rate with discounts is $1,164
  • Drivers who choose higher $1,000 deductibles will pay around $1,762 a year
  • The average rate for a 40-year-old driver with $500 deductibles is $2,118
  • Choosing low $100 deductibles for comprehensive and collision insurance will increase the cost to $2,810
  • High risk drivers with multiple violations and an at-fault accident could pay upwards of $4,614 or more
  • The cost for full coverage for a teen driver may cost $7,486 a year

View Chart as Image

Porsche Panamera insurance cost comparison chart
Column chart showing full coverage Porsche Panamera insurance rates range from $1,164 to $7,486

for a Porsche Panamera can also vary considerably based on your driver profile, the trim level of your Panamera, and policy deductibles and limits.

Older drivers and high deductibles could pay as little as $1,900 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers upwards of $7,400 a year. View Rates by Age

Where you live makes a big difference in Porsche Panamera insurance rates. A 40-year-old driver could pay as low as $1,390 a year in states like Idaho, Maine, and Iowa, or as much as $3,020 on average in Michigan, Louisiana, and New York.

Porsche Panamera Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,916 -$202 -9.5%
Alaska $1,624 -$494 -23.3%
Arizona $1,758 -$360 -17.0%
Arkansas $2,118 -$0 0.0%
California $2,414 $296 14.0%
Colorado $2,022 -$96 -4.5%
Connecticut $2,178 $60 2.8%
Delaware $2,396 $278 13.1%
Florida $2,650 $532 25.1%
Georgia $1,956 -$162 -7.6%
Hawaii $1,522 -$596 -28.1%
Idaho $1,434 -$684 -32.3%
Illinois $1,580 -$538 -25.4%
Indiana $1,596 -$522 -24.6%
Iowa $1,430 -$688 -32.5%
Kansas $2,014 -$104 -4.9%
Kentucky $2,890 $772 36.4%
Louisiana $3,136 $1,018 48.1%
Maine $1,306 -$812 -38.3%
Maryland $1,746 -$372 -17.6%
Massachusetts $1,694 -$424 -20.0%
Michigan $3,680 $1,562 73.7%
Minnesota $1,772 -$346 -16.3%
Mississippi $2,538 $420 19.8%
Missouri $1,880 -$238 -11.2%
Montana $2,276 $158 7.5%
Nebraska $1,670 -$448 -21.2%
Nevada $2,542 $424 20.0%
New Hampshire $1,526 -$592 -28.0%
New Jersey $2,368 $250 11.8%
New Mexico $1,876 -$242 -11.4%
New York $2,232 $114 5.4%
North Carolina $1,222 -$896 -42.3%
North Dakota $1,734 -$384 -18.1%
Ohio $1,462 -$656 -31.0%
Oklahoma $2,176 $58 2.7%
Oregon $1,940 -$178 -8.4%
Pennsylvania $2,022 -$96 -4.5%
Rhode Island $2,826 $708 33.4%
South Carolina $1,920 -$198 -9.3%
South Dakota $1,786 -$332 -15.7%
Tennessee $1,854 -$264 -12.5%
Texas $2,552 $434 20.5%
Utah $1,566 -$552 -26.1%
Vermont $1,450 -$668 -31.5%
Virginia $1,268 -$850 -40.1%
Washington $1,638 -$480 -22.7%
West Virginia $1,942 -$176 -8.3%
Wisconsin $1,466 -$652 -30.8%
Wyoming $1,886 -$232 -11.0%

View Chart as Image

Porsche Panamera insurance rates by U.S. city

Choosing high deductibles could save up to $1,050 each year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $358 . View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying at a minimum $2,500 to $3,400 per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 45% to 132% more than average. View High Risk Driver Rates

With so much variability in rates, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every company uses a different rate calculation, can be significantly different from one company to the next.

Insurance Rates by Trim Level and Model Year

Porsche Panamera Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Porsche Panamera S 4-Dr Hatchback $1,990 $166
Porsche Panamera 4S AWD 4-Dr Hatchback $2,032 $169
Porsche Panamera Turbo AWD 4-Dr Hatchback $2,358 $197

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.

Porsche Panamera Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Porsche Panamera $520 $1,042 $398 $2,118
2014 Porsche Panamera $406 $736 $460 $1,760
2013 Porsche Panamera $378 $678 $460 $1,674

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 Find Cheaper Porsche Panamera Insurance

Saving money on Porsche Panamera insurance not only requires being a safe driver, but also maintaining good credit, eliminating unneeded coverage, and bundling your home and auto policies. Take the time to shop around at least every two years by getting price quotes from direct carriers like GEICO and Progressive, and also from your local insurance agents.

Here is a summary of the information that was covered in this article.

  • Increasing deductibles can save around $1,050 each year
  • Drivers can save as much as $270 per year simply by quoting early and online
  • Drivers who require more liability insurance will pay about $440 each year to go from a minimum limit to 250/500 limits
  • Young drivers pay the highest rates, costing as high as $624 per month for full coverage
  • High-risk drivers that have multiple accidents or serious violations will pay on average $2,500 more each year for insurance

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.

Rates by Driver Age

Porsche Panamera Insurance Rates by Driver Age
Driver Age Premium
16 $7,486
20 $4,918
30 $2,246
40 $2,118
50 $1,928
60 $1,892

Full coverage, $500 deductibles

Rates by Deductible

Porsche Panamera Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,810
$250 $2,488
$500 $2,118
$1,000 $1,762

Full coverage, driver age 40

Rates by Liability Limit

Porsche Panamera Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $2,118
50/100 $2,438
100/300 $2,537
250/500 $2,796
100 CSL $2,477
300 CSL $2,696
500 CSL $2,856

Full coverage, driver age 40

Rates for High Risk Drivers

Porsche Panamera Insurance Rates for High Risk Drivers
Age Premium
16 $10,802
20 $7,828
30 $4,756
40 $4,614
50 $4,396
60 $4,360

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.

SR-22 Surcharge $306

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $118
Multi-vehicle $110
Homeowner $28
5-yr Accident Free $175
5-yr Claim Free $141
Paid in Full/EFT $111
Advance Quote $114
Online Quote $157
Total Discounts $954
Rate after discounts $1,164

Discounts are estimated and may not be available from every company or in every state.

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