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 including full coverage. Comprehensive costs on average $484, collision costs $974, and liability coverage is $430. Liability-only insurance costs around $486 a year, with high-risk driver insurance costing around $4,460. 16-year-old drivers pay the highest rates at $7,314 a year or more.

Average premium for full coverage: $2,046

Price estimates by individual coverage:

These estimates include $500 deductible amounts, 30/60 liability coverage, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all 50 U.S. states and for different Panamera trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a large influence on car insurance rates. Rural areas have a lower frequency of comprehensive and collision claims than congested cities.

The price range example below illustrates the difference between rural and urban areas on car insurance rates.

The ranges above highlight why anyone shopping for car insurance should compare rates quotes based on a specific location and risk profile, rather than using rate averages.

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

Additional Rate Analysis

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

• The best full coverage rate is $1,130
• Raising to $1,000 deductibles will save around $330 every year
• The average rate for the average middle-age driver with $500 deductibles is $2,046
• Buying more expensive low deductibles will increase the cost to $2,694
• Unlucky drivers with multiple tickets or accidents could pay upwards of $4,460 or more
• The price for full coverage for a teenage driver with full coverage may cost $7,314

View Chart as Image

Car insurance prices for a Porsche Panamera are also quite variable based on your driving record, the model of your Panamera, and policy deductibles and limits.

An older driver with no driving violations and high deductibles may only pay around $1,900 every 12 months on average for full coverage. Prices are highest for teenage drivers, where even good drivers will be charged upwards of $7,300 a year. View Rates by Age

The state you live in also has a big influence on Porsche Panamera insurance rates. A middle-age driver might find prices as low as $1,570 a year in states like Missouri, New Hampshire, and Vermont, or at least $2,920 on average in Michigan, New York, and Louisiana.

View Chart as Image

Opting for high physical damage deductibles can reduce prices by up to $980 a year, while increasing your policy's liability limits will cost you more. Changing from a 50/100 limit to a 250/500 limit will increase prices by as much as $387 extra every 12 months. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are likely paying at a minimum $2,400 to $3,300 extra each year, depending on your age. High-risk driver insurance is expensive and can cost around 45% to 131% more than the average rate. View High Risk Driver Rates

Since prices can be so different, the best way to figure out exactly what you will pay is to compare prices and see how they stack up. Every auto insurance company utilizes a different rate formula, so rate quotes may be quite different from one company to the next.

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 Cheap Porsche Panamera Insurance

Getting lower rates on auto insurance consists of having a good driving record, having above-average credit, being claim-free, and maximizing policy discounts. Set aside time to compare rates every year by obtaining price quotes from direct car insurance companies like Progressive and GEICO, and also from local exclusive and independent agents.

The next list is a brief summary of the coverage data covered above.

• You may be able to save as much as $260 per year simply by shopping early and online
• Increasing physical damage deductibles can save around $975 each year
• Drivers age 20 and younger are expensive to insure, possibly costing $610 a month if full coverage is included
• Drivers that tend to have accidents or serious violations may pay on average $2,410 more each year to buy Porsche Panamera 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.

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.