Porsche Panamera Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A Porsche Panamera is more expensive to insure than the average car.
• Full coverage for a Panamera normally runs around $270 a month, while liability only car insurance premiums tend to be about $78 monthly.
• At as low as just $53 a month for liability only coverage, Workmens is the cheapest insurance company for a Panamera.

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Panamera Overview

The Porsche Panamera is on the more expensive end of the spectrum, with a base price of $87,200 for 2021 models. You'll have your choice of 20 different trim levels, so every driver can find an option to match their style.

We combed through thousands of auto insurance quotes on Compare.com, and we've determined that, on average, Porsche Panamera car insurance rates run around $290 monthly. But how does that fare against its competitors?

How Much is Car Insurance for a Porsche Panamera?

If you look at the table above, you'll see that compared to other vehicles, Porsche Panamera insurance prices are higher than average. On average, Panamera owners will pay about $78 per month for liability insurance, and around $270 a month for full coverage, which has comprehensive and collision coverages in addition to liability (take a look at our guide, "State Minimum vs. Full Coverage", to learn more about the difference between these types of insurance).

Compared to other Porsche models, the Panamera is more expensive, with rates about 32% higher than the rest of the manufacturer's vehicle lineup. Compared to offerings from other brands, auto insurance for a Panamera runs close to average, with liability insurance prices $5 cheaper than other cars and full coverage insurance premiums coming in $93 higher.

When compared to all vehicles, regardless of model, body style, or make, the Panamera is slightly cheaper for liability only insurance, but full coverage rates are more expensive on average.

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Who has the Cheapest Car Insurance for a Porsche Panamera?

If you're looking for a new auto insurance policy for your Porsche Panamera, you may be most interested in which carrier offers the lowest prices. While there will never be one company that offers the lowest premiums for everyone, SafeAuto provides the most affordable average rates for liability only coverage, with rates as cheap as $42 per month. The runner up for lowest rates is NationalGeneral, with auto insurance policies starting as little as just $45 monthly.

Finishing off the rest of the top 5 are Liberty Mutual, Workmens, and Clearcover. But just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.

Car insurance companies use a variety of things and complex formulas to calculate premiums. By reviewing quotes from a range of insurance carriers at once, you can be confident you're finding the most affordable rate.

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What Factors Affect Car Insurance Rates for a Porsche Panamera?

There are a multitude of attributes that car insurance companies consider to calculate how much they charge for auto insurance -- and each carrier uses a different algorithm, so there's not a singular company that's the cheapest for every driver.

Below are just a few of the factors car insurance carriers look at and how each one affects your final rate:

Vehicle Age

The Porsche Panamera has been around for a while -- that means vehicle age can play a big role in what you end up paying for insurance. Typically, it costs more to insure newer cars because they're worth more, however, as time goes on and Panameras begin to depreciate, insurance costs will gradually go lower.

According to the table above, the Porsche Panamera is an outlier, as the most expensive models to insure are those that are 6 to 7 years old, while the cheapest Panameras are 2 to 3 years old, on average.

Your Age

Your age is another factor that plays a role in how much car insurance companies will charge for a policy. Based on the information above, young Panamera drivers have higher prices than drivers who have more experience. In this case, drivers 18 to 24 pay $8 more than those 25 or older.

Auto insurance prices continue to go down as you get older, with the cheapest age group being 45-54 for Panamera drivers.

Your Gender

Men generally pay more for auto insurance than women. This is because women are less likely to get into accidents and get tickets, which decreases the chances of an insurance claim. When it comes to Panamera drivers specifically, women pay around $17 less than men per month for insurance.

Where You Live

You might already know that variables such as what vehicle you drive and how old you are play a role in your auto insurance premiums, but you may not realize that where you live has just as much of an impact. Because insurance is regulated at the state level, rates can differ quite a bit depending on which state you're located in.

For example, the average Porsche Panamera driver in New York pays about $130 a month for liability coverage. Meanwhile, on average, the same owner in California will pay less than half of that price.

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Porsche Panamera Car Insurance Discounts

No matter your home state, your car, or your age, using as many discounts as possible when it comes to your car insurance policy is always important.

Not every insurance carrier will offer the same discounts, but there are a few that are relatively common. These include things like:

• Vehicle safety discounts for having a vehicle with higher safety ratings or one with certain safety features (like air bags or anti-lock brakes)
• Defensive driving discounts for taking a defensive driving class through a certified school or institution
• Multi-policy discounts for using the same insurance company for both your home and car insurance
• Pay-in-full discounts for drivers who agree to pay their entire policy rate up front, rather than in monthly installments

There are countless ways to save money on your auto insurance if you know where to look. Sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like driving safely, avoiding lapses in coverage, and not having recent insurance claims.

Although you may not have control of every variable car insurance carriers take into account to calculate prices (like some of the ones mentioned above), you do have a say over some of them. Below are just a few of the ones you can use to your favor when it comes to saving cash:

Your Driving Record

You've almost certainly noticed ads from insurance companies promoting large discounts for responsible drivers. And you're probably not surprised to hear that if you get into a collision or get a ticket for speeding, car insurance rates will go higher. But how much will they cost you?

Looking at the table above, you'll notice that accidents will usually cost Panamera drivers more than tickets, but both will result in higher than normal rates. Porsche Panamera drivers with a single ticket will pay about $58 monthly, while drivers with one accident on their record pay an average of $67 per month. Those who have multiple violations of either kind will end up paying even more.

How Much You Drive

Another factor that affects your auto insurance prices is the amount of miles you drive. Drivers who are on the roads less have fewer opportunities to get into an accident, so they'll usually get lower premiums. In the above table, you can see that Porsche Panamera owners who drive fewer than 2,500 miles a year pay an average of $64 a month for insurance, while those who put 10,000 miles or more on their cars pay $148.

But if you don't drive much because have a second vehicle or you work from home, it may be worth learning about usage-based or pay-per-mile car insurance. With these plans, you pay a small base rate each month, with your final monthly bill being calculated based on the number of miles you drove.

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How Do Porsche Panameras Compare to Other Vehicles?

If you're thinking about buying a Porsche Panamera, it can pay off to do your homework. Insurance is just one cost that's associated with a new car purchase, but it's certainly one that's worth taking into consideration.

Review the table below to see how the Porsche Panamera compares:

Overall, the Porsche Panamera is on the more expensive side when it comes to price, with an MSRP that's a quarter more than the going rate for a new vehicle. While the average vehicle MSRP in the U.S. is $46,296, the Panamera comes in above that at $87,200.

Liability insurance for a Porsche Panamera is, while full coverage is over $50 more monthly.

When it comes to usage, Porsche Panamera owners drive about the same amount annually as the national average, with 11,617 miles every year for all vehicles compared to the Panamera's 11,714 each year.

Porsche Panamera Car Insurance Costs by Model Year

So far, you've seen how different factors affect how much the average driver pays to insure a Porsche Panamera. But if you're thinking about buying a new vehicle and the Panamera is one you're considering, having a good idea of exactly how much you'll pay can be extremely helpful as you weigh your choices and compare it to other vehicles on your shortlist.

Choose Your Model

2020 Porsche Panamera Car Insurance 2019 Porsche Panamera Car Insurance 2018 Porsche Panamera Car Insurance 2017 Porsche Panamera Car Insurance 2016 Porsche Panamera Car Insurance 2015 Porsche Panamera Car Insurance 2014 Porsche Panamera Car Insurance 2013 Porsche Panamera Car Insurance 2012 Porsche Panamera Car Insurance 2011 Porsche Panamera Car Insurance 2010 Porsche Panamera Car Insurance

2020 Porsche Panamera Car Insurance

You can expect full coverage for a 2020 Porsche Panamera to run around $297 per month, while liability only coverage will average about $97 monthly.

With rates as low as $97 a month, Amica offered the most affordable policy we found for the 2020 Porsche Panamera.

Want to know exactly what your insurance price will be? Get lots of customized quotes for free by just entering your ZIP code below.

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2019 Porsche Panamera Car Insurance

2019 Panamera drivers can expect to pay an average of $94 per month for liability or $221 for full coverage.

With premiums as little as $94 monthly, PlymouthRockNJ offered the lowest policy we found.

If you want to find the best prices for car insurance for a 2019 Porsche Panamera, enter your ZIP code below and compare a lot of personalized quotes in just a few minutes.

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2018 Porsche Panamera Car Insurance

The average cost to insure a 2018 Porsche Panamera with liability only coverage is $51 per month, while full coverage runs around $358 a month.

If you're looking for the most affordable 2018 Porsche Panamera insurance policy, SafeAuto offered the cheapest policy we found, with rates as cheap as just $33 monthly.

If you want to know exactly how much you can expect to pay for your Panamera, get free quotes in minutes by just entering your ZIP code below.

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2017 Porsche Panamera Car Insurance

It costs about $47 per month for liability or $288 for a full coverage policy for the 2017 Panamera.

DirectGeneral has premiums sometimes as low as $44 a month for the 2017 Porsche Panamera.

If you want to know just how much your premium will be, get free quotes in minutes by just entering your ZIP code below.

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2016 Porsche Panamera Car Insurance

On average, drivers who own a 2016 Porsche Panamera can expect to pay $167 to $345 monthly for liability only and full coverage auto insurance, respectively.

Mercury offered the most affordable policy we found, with rates sometimes as cheap as $41 per month.

If you want to know exactly how much you can expect to pay for your Panamera, just enter your ZIP code below and get several free quotes in minutes.

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2015 Porsche Panamera Car Insurance

The average cost to insure a 2015 Panamera with liability only coverage is $41 a month, while full coverage runs around $269 per month.

Looking for the cheapest policy? Clearcover offered liability only coverage for sometimes as little as $33 monthly.

Want to know exactly how much you'll pay? Get a variety of free personalized quotes by just entering your ZIP code below.

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2014 Porsche Panamera Car Insurance

On average, drivers who own a 2014 Porsche Panamera can expect to pay $82 to $245 a month for liability only and full coverage car insurance, respectively.

We found Clearcover offered the lowest policy, with rates as cheap as just $29 per month.

If you want to know just how much your price will be, just enter your ZIP code below and get several free quotes in minutes.

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2013 Porsche Panamera Car Insurance

You can expect full coverage for a 2013 Panamera to run about $231 a month, while liability only coverage will average around $77 monthly.

If you're looking for the cheapest possible 2013 Porsche Panamera insurance policy, Liberty Mutual offered the most affordable policy we found, with rates as low as $28 a month.

Interested in what your insurance rate will be? Enter your ZIP code below to get multiple personalized quotes for free.

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2012 Porsche Panamera Car Insurance

2012 Porsche Panamera drivers can expect to pay an average of $72 monthly for liability or $238 for full coverage.

With rates as little as $28 per month, Amica offered the cheapest policy we found for the 2012 Porsche Panamera.

And if you want more accurate rates tailored specifically to you, just enter your ZIP code below and get free quotes in minutes.

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2011 Porsche Panamera Car Insurance

It costs about $108 a month for liability or $273 for a full coverage policy for the 2011 Panamera.

Elephant offered the lowest policy we found, with rates sometimes as little as $36 per month.

What could your auto insurance premium look like? Enter your ZIP code below to get several free customized quotes.

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2010 Porsche Panamera Car Insurance

2010 Porsche Panamera drivers can expect to pay an average of $62 monthly for liability or $178 for full coverage.

With prices as low as just $27 per month, Mercury offered the most affordable policy we found.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.

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Porsche Panamera Insurance FAQs

Is a Porsche Panamera expensive to insure?

Compared to the national average of all cars, premiums come in on the more expensive end of the spectrum. Liability insurance runs an average of $78 a month, while full coverage will cost you around $270.

How can I get the best price on car insurance for my Porsche Panamera?

There's only one way to be sure you're getting the cheapest rates -- regularly shopping around and getting quotes. A good rule of thumb is to get quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from an array of carriers at once, meaning you can find the lowest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my Porsche Panamera affect my insurance prices?

You've probably heard the old adage that red cars cost more to insure than cars of other colors, but that's actually not true. There are a variety of things car insurance companies examine when they calculate your premiums, but the color of your Panamera is not factored into that equation.

Do I need to have insurance before I buy a Porsche Panamera?

You'll need to have a valid auto insurance policy before you can legally drive your new (or new to you) car off the dealership lot. Some dealerships will offer you one during the purchase process, but the best thing to do when buying a an car is to talk with your insurance company before you buy.

What car insurance discounts can I get for my Porsche Panamera?

You will find a wide array of different discounts out there when it comes to auto insurance. Many of them (like "pay-in-full discounts" and "multi-vehicle discounts") are more based on you than the Porsche Panamera you drive, but if your Panamera has safety features like anti-lock brakes, airbags, anti-theft systems, and other features, it may qualify for certain discounts. The best way to find out is to get in touch with your insurance carrier and ask about their list of discounts.