Porsche Panamera Insurance Rates [Cheap Coverage Guide]

Average Porsche Panamera auto insurance rates cost $177 per month ($2,118 per year). Shop around to find cheap Porsche Panamera insurance rates. On average, Porsche Panamera comprehensive insurance coverage costs $516, collision coverage costs $753, and liability coverage costs $598.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jul 31, 2020

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Key Takeaways:

  • Full coverage costs around $2,118 a year or $177 each month
  • A liability-only policy costs around $849 a year or $71 each month
  • Highest rates are for teenage drivers at around $7,741 a year or $645 each month
  • Good drivers can save as much as $873 a year by earning policy discounts
  • Porsche Panamera insurance costs around $599 more per year than the average vehicle

The average Porsche Panamera car insurance rates cost drivers $2,118 a year, or around $177 a month. If you want to find affordable Porsche Panamera rates, all you have to do is know where to look.

Lucky for you, we’ve compiled this detailed article to help you on your way to finding the right Porsche Panamera insurance rates you can feel good about it.

You can start comparing quotes for Porsche Panamera car insurance rates from some of the best car insurance companies by using our free online tool now.

Porsche Panamera Insurance Cost

The average car insurance costs for a Porsche Panamera are $2,118 a year or $177 a month.

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Are Porsche Panameras Expensive to Insure?

The chart below details how Porsche Panamera insurance rates compare to other luxury cars like the Lexus ES 350, Audi A8, and Volvo S60.

Vehicle Comprehensive Collision Liability Total
Porsche Panamera $520 $1042 $398 $2,118
Lexus ES 350 $362 $656 $316 $1,470
Audi A8 $464 $900 $390 $1,912
Volvo S60 $332 $656 $398 $1,544
Audi A6 $382 $744 $398 $1,682
Lexus IS 300 $356 $686 $398 $1,598
Chevrolet Corvette $494 $922 $264 $1,790
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However, there are a few things you can do to find the cheapest Porsche insurance rates online.

What Impacts the Cost of Porsche Panamera Insurance?

The Porsche Panamera trim and model you choose can impact the total price you will pay for Porsche Panamera insurance coverage.

Age of the Vehicle

Older Porsche Panamera models generally cost less to insure. For example, auto insurance for a 2018 Porsche Panamera costs $2,118, while 2010 Porsche Panamera insurance costs are $1,624, a difference of $494.

Model Year Comprehensive Collision Liability Total
2018 Porsche Panamera $520 $1042 $398 $2,118
2017 Porsche Panamera $502 $1016 $416 $2,092
2016 Porsche Panamera $484 $974 $430 $2,046
2015 Porsche Panamera $458 $940 $442 $1,998
2014 Porsche Panamera $440 $872 $452 $1,922
2013 Porsche Panamera $422 $822 $456 $1,858
2012 Porsche Panamera $406 $736 $460 $1,760
2011 Porsche Panamera $378 $678 $460 $1,674
2010 Porsche Panamera $366 $636 $464 $1,624
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Driver Age

Driver age can have a significant effect on the cost of Porsche Panamera car insurance. For example, 30-year-old drivers pay approximately $93 more for their Porsche Panamera car insurance than 40-year-old drivers.

Driver Location

Where you live can have a large impact on Porsche Panamera insurance rates. For example, drivers in Los Angeles may pay $1,165 a year more than drivers in Phoenix.

Your Driving Record

Your driving record can have an impact on your Porsche Panamera car insurance rates. Teens and drivers in their 20’s see the highest jump in their Porsche Panamera car insurance with violations on their driving record.

Porsche Panamera Safety Features

The Porsche Panamera safety features can help lower insurance costs. According to AutoBlog, the 2020 Porsche Panamera has the following safety features:

  • Electronic Stability Control (ESC)
  • ABS And Driveline Traction Control
  • Side Impact Beams
  • Dual Stage Driver And Passenger Seat-Mounted Side Airbags
  • ParkAssist Front And Rear Parking Sensors
  • Tire Specific Low Tire Pressure Warning
  • Dual Stage Driver And Passenger Front Airbags
  • Curtain 1st And 2nd Row Airbags
  • Airbag Occupancy Sensor
  • Driver And Passenger Knee Airbag and Rear Side-Impact Airbag
  • Rear Child Safety Locks
  • Outboard Front Lap And Shoulder Safety Belts -inc: Height Adjusters and Pretensioners
  • Back-Up Camera

Porsche Panamera Insurance Loss Probability

The Porsche Panamera’s insurance loss probability varies between different coverage types. The lower percentage means lower Porsche Panamera auto insurance costs; higher percentages mean higher Porsche Panamera auto insurance costs.

Insurance Coverage Category Loss Rate
Collision 136%
Property Damage -6%
Comprehensive 165%
Personal Injury -43%
Medical Payment no data
Bodily Injury no data
Source: Insurance Institute for Highway Safety
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Porsche Panamera Finance and Insurance Cost

If you are financing a Porsche Panamera, most lenders will require your carry higher Porsche Panamera coverage options including comprehensive coverage, so be sure to shop around and compare Porsche Panamera auto insurance quotes from the best auto insurance companies using our FREE tool below.

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Ways to Save on Porsche Panamera Insurance

There are several ways you can save even more on your Porsche Panamera car insurance rates. Take a look at the following five tips:

  • Make Sure You’re Raising a Safe Driver
  • Wait Six Years for Accidents to Disappear from Your Record
  • Spy on Your Teen Driver
  • Compare Apples to Apples When Comparing Porsche Panamera Insurance Quotes and Policies
  • Move to an Area with a Lower Cost of Living

Top Porsche Panamera Insurance Companies

Who is the best company for Porsche Panamera insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Porsche Panamera insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Porsche Panamera offers.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute
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Compare Free Porsche Panamera Insurance Quotes Online

You can start comparing quotes for Porsche Panamera car insurance rates from some of the best car insurance companies by using our free online tool now.

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