How Much is Insurance on a Porsche Panamera?

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

Porsche Panamera insurance rates are around $599 more a year than the average vehicle, owing partly to the high MSRP. Full coverage for your Porsche Panamera costs around $2,118 a year or $177 a month.

Good drivers can save up to $873 a year in policy discounts by practicing safe driving habits. Let’s look at Porsche Panamera insurance rates, insurance loss rates, and more.

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 Porsche Panamera car insurance rates 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 Volvo S90, Mercedes-Benz E300, and Audi A4.

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?

You might have noticed that there is a multitude of factors that impact Porsche Panamera car insurance rates. Your age, location, driving record, and model year all play a role in what you will ultimately pay to insure the Porsche Panamera.

Age of the Vehicle

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

Driver Age

Driver age can have a significant impact on Porsche Panamera auto insurance rates. For example, 20-year-old drivers pay approximately $2,591 more each year for their Porsche Panamera auto insurance than 30-year-old drivers.

Driver Location

Where you live can have a large impact on Porsche Panamera insurance rates. For example, drivers in New York may pay $550 a year more than drivers in Chicago.

Your Driving Record

Your driving record can have an impact on the cost of Porsche Panamera auto insurance. 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 Crash Test Ratings

Porsche Panamera crash test ratings will affect your Porsche Panamera car insurance rates.

Porsche Panamera Safety Features

Porsche Panamera safety features can lower the cost of your insurance. The safety features for the 2020 Porsche Panamera include:

• LED main headlights including Porsche Dynamic Light System (PDLS)
• LED main headlights with matrix beam including Porsche Dynamic Light System Plus (PDLS Plus)
• Night View
• Porsche Ceramic Composite Brake (PCCB)

Porsche Panamera Insurance Loss Probability

The Porsche Panamera’s insurance loss ratio varies between different coverage types. While some types of insurance loss ratios are higher for the Porsche Panamera, others are more favorable and lead to lower insurance rates.

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

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 rates from the best companies using our FREE tool below.

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Ways to Save on Porsche Panamera Insurance

There are many ways that you can save on Porsche Panamera car insurance. Below are five actions you can take to find cheap Porsche Panamera auto insurance rates.

• Ask About Farm and Ranch Vehicle Discounts
• Get Cheaper Porsche Panamera Car Insurance Rates as a Full-Time Parent
• Buy An Older Porsche Panamera
• Consider Porsche Panamera Insurance Costs Before Buying a Porsche Panamera
• Don’t Always Pick the Cheapest Porsche Panamera Insurance Policy

Top Porsche Panamera Insurance Companies

The best auto insurance companies for Porsche Panamera car insurance rates will offer competitive rates, discounts, and account for the Porsche Panamera’s safety features. The following list of car insurance companies outlines which companies hold the highest market share.

Compare Free Porsche Panamera Insurance Quotes Online

Save on your Porsche Panamera car insurance rates by taking advantage of our FREE comparison tool.