Porsche Panamera Car Insurance Cost
Getting insurance for a Porsche Panamera typically runs about $1,876.35 annually through Unitrin. Nevertheless, the actual expenses vary based on factors like your age, the model year of the car, and other considerations. Utilize the quote tables provided below to estimate the potential cost for your situation.
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If you’re thinking about buying a Porsche Panamera, you should factor in the cost of insurance. Insurance is a big part of owning a car, and it’s important to understand what you’re signing up for before you make your decision.
Choosing the right car insurance is crucial to avoid unexpected and potentially high expenses later on. It’s important to have adequate coverage in case of an accident to avoid hefty out-of-pocket costs. Plus, if you’re found at fault, you might face increases in your insurance premiums.
With more than ten years of experience studying car insurance rates, I’ve noticed how much these costs can vary. Factors like your age, driving history, and where you live can have a significant impact on how much you pay for insurance.
How Much Does Porsche Panamera Car Insurance Cost?
On average, car insurance for Porsche Panamera owners costs around $3,104 annually.
It’s important to understand that car insurance rates can vary widely depending on several key factors. These include where you live, your driving record, the year and model of your vehicle, and the type of coverage you choose. Drivers with a clean record typically pay less, while those with accidents or traffic violations may face higher premiums.
Living in a busy city with heavy traffic can also drive up your insurance costs, whereas rural areas usually come with lower rates. The kind of coverage you select plays a big role too — full coverage, which includes both comprehensive and collision, is generally more expensive than basic liability insurance.
As shown in the table below, insuring a Porsche Panamera tends to cost more than the average for other Porsche models, and it’s also higher than the overall average for all cars.
To help you find the most competitive rates, Insuranceopedia offers tools to compare quotes from multiple auto insurance providers, making it easier to choose the right coverage for your budget and needs.
| Vehicle | Average Monthly Premium |
| Porsche Panamera | $265 |
| All Porsches | $218 |
| All Cars | $175 |
Average Insurance Cost Of Porsche Panamera Model Year
| Model Year | Average Premium |
| 2024 Porsche Panamera | $3,527 |
| 2023 Porsche Panamera | $3,360 |
| 2022 Porsche Panamera | $3,065 |
| 2021 Porsche Panamera | $3,400 |
| 2020 Porsche Panamera | $1,549 |
| 2019 Porsche Panamera | $5,039 |
| 2018 Porsche Panamera | $1,998 |
| 2017 Porsche Panamera | $2,488 |
| 2016 Porsche Panamera | $2,046 |
| 2015 Porsche Panamera | $2,041 |
| 2014 Porsche Panamera | $1,964 |
| 2013 Porsche Panamera | $1,593 |
| 2012 Porsche Panamera | $1,556 |
| 2011 Porsche Panamera | $1,214 |
| 2010 Porsche Panamera | $1,427 |
2024 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2024 Porsche Panamera is $3,527. However, Unitrin offers the cheapest rates, averaging $1,876 per year.
| Insurance Provider | Average Annual Cost |
| California Capital | $2,709 |
| Bristol West | $4,940 |
| National General | $3,520 |
| USAA | $3,539 |
| Unitrin | $1,876 |
| Esurance | $3,314 |
| Nationwide | $2,467 |
| Hartford | $4,584 |
| State Farm | $4,748 |
| Mercury | $3,574 |
2023 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2023 Porsche Panamera is $3,360. However, Unitrin offers the cheapest rates, averaging $1,787 per year.
| Insurance Provider | Average Annual Cost |
| California Capital | $2,580 |
| Bristol West | $4,705 |
| National General | $3,353 |
| USAA | $3,371 |
| Unitrin | $1,787 |
| Esurance | $3,157 |
| Nationwide | $2,350 |
| Hartford | $4,366 |
| State Farm | $4,522 |
| Mercury | $3,404 |
2022 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2022 Porsche Panamera is $3,065. However, Erie offers the cheapest rates, averaging $1,882 per year.
| Insurance Provider | Average Annual Cost |
| Unitrin | $2,559 |
| Bristol West | $4,396 |
| Mercury | $3,329 |
| Allied | $2,944 |
| Erie | $1,882 |
| California Capital | $2,757 |
| Nationwide | $2,268 |
| Esurance | $3,493 |
| USAA | $3,860 |
| Penn National | $3,165 |
2021 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2021 Porsche Panamera is $3,400. However, Capital Insurance Group offers the cheapest rates, averaging $1,600 per year.
| Insurance Provider | Average Annual Cost |
| Country | $1,983 |
| American Family | $5,647 |
| Farmers | $4,046 |
| Travelers | $3,106 |
| Capital Insurance Group | $1,600 |
| Nationwide | $2,791 |
| National General | $1,788 |
| Allied | $4,733 |
| Mercury | $5,092 |
| USAA | $3,212 |
2020 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2020 Porsche Panamera is $1,549. However, Safeco offers the cheapest rates, averaging $611 per year.
| Insurance Provider | Average Annual Cost |
| Chubb | $1,602 |
| California Capital | $1,870 |
| Auto-Owners Insurance Co | $1,808 |
| Penn National | $1,738 |
| Safeco | $611 |
| Nationwide | $1,670 |
| Mercury Insurance | $775 |
| National General | $1,781 |
| North Carolina Farm Bureau | $1,870 |
| Esurance | $1,763 |
2019 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2019 Porsche Panamera is $5,039. However, California Capital offers the cheapest rates, averaging $2,715 per year.
| Insurance Provider | Average Annual Cost |
| Unitrin | $4,652 |
| Farmers | $6,161 |
| Allstate | $5,826 |
| Mercury | $5,080 |
| California Capital | $2,715 |
| Hartford | $4,714 |
| State Farm | $3,909 |
| Alliance United | $5,956 |
| Metropolitan | $6,037 |
| USAA | $5,335 |
2018 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2018 Porsche Panamera is $1,998. However, Texas Farm Bureau Group offers the cheapest rates, averaging $1,248 per year.
| Insurance Provider | Average Annual Cost |
| National General | $1,465 |
| California Capital | $2,915 |
| Mercury Insurance Company | $2,282 |
| Farm Bureau Mutual (IA Group) | $1,840 |
| Texas Farm Bureau Group | $1,248 |
| SECURA Insurance | $1,852 |
| Mercury Insurance | $1,447 |
| Clearcover | $2,326 |
| Auto Club Group | $2,585 |
| Pekin Insurance | $2,015 |
2017 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2017 Porsche Panamera is $2,488. However, SafeAuto offers the cheapest rates, averaging $796 per year.
| Insurance Provider | Average Annual Cost |
| California Capital | $2,258 |
| Nationwide | $3,082 |
| State Farm | $2,958 |
| Country | $2,653 |
| SafeAuto | $796 |
| Central Mutual Insurance Co | $2,361 |
| Esurance | $1,802 |
| National Farmers Union P | $3,018 |
| USAA | $3,018 |
| Allied | $2,937 |
2016 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2016 Porsche Panamera is $2,046. However, SECURA Insurance offers the cheapest rates, averaging $1,249 per year.
| Insurance Provider | Average Annual Cost |
| Capital Insurance Group | $1,686 |
| Cincinnati Insurance | $2,464 |
| Plymouth Rock | $2,282 |
| California Capital | $2,082 |
| SECURA Insurance | $1,249 |
| 21st Century | $1,921 |
| Texas Farm Bureau Group | $1,656 |
| North Carolina Farm Bureau | $2,376 |
| Tennessee Farmers | $2,458 |
| Penn National | $2,283 |
2015 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2015 Porsche Panamera is $2,041. However, Penn National offers the cheapest rates, averaging $1,490 per year.
| Insurance Provider | Average Annual Cost |
| Esurance | $1,834 |
| Allied | $2,454 |
| California Capital | $2,169 |
| Safeco | $2,003 |
| Penn National | $1,490 |
| New Jersey Manufacturers | $1,939 |
| Capital Insurance Group | $1,648 |
| Auto-Owners Insurance Co | $2,299 |
| Mercury | $2,450 |
| Country | $2,121 |
2014 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2014 Porsche Panamera is $1,964. However, Texas Farm Bureau Group offers the cheapest rates, averaging $972 per year.
| Insurance Provider | Average Annual Cost |
| National General Value | $1,658 |
| Shelter | $2,604 |
| New Jersey Manufacturers | $2,248 |
| Plymouth Rock | $1,930 |
| Texas Farm Bureau Group | $972 |
| North Carolina Farm Bureau | $1,763 |
| Capital Insurance Group | $1,592 |
| California Capital | $2,329 |
| GMAC Insurance Group | $2,415 |
| SECURA Insurance | $2,125 |
2013 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2013 Porsche Panamera is $1,593. However, SafeAuto offers the cheapest rates, averaging $646 per year.
| Insurance Provider | Average Annual Cost |
| Texas Farm Bureau Group | $1,173 |
| Nationwide | $2,283 |
| NatGen Advantage | $1,929 |
| Penn National | $1,520 |
| SafeAuto | $646 |
| National General | $1,517 |
| North Carolina Farm Bureau | $1,095 |
| Country | $2,113 |
| California Capital | $2,128 |
| GMAC Insurance Group | $1,530 |
2012 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2012 Porsche Panamera is $1,556. However, Safeco offers the cheapest rates, averaging $961 per year.
| Insurance Provider | Average Annual Cost |
| Pekin Insurance | $1,140 |
| California Capital | $2,198 |
| Grange Mutual | $1,739 |
| Penn National | $1,477 |
| Safeco | $961 |
| Country | $1,372 |
| Virginia Farm Bureau | $1,043 |
| Travelers | $1,934 |
| 21st Century | $2,071 |
| Utica National Ins Group | $1,627 |
2011 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2011 Porsche Panamera is $1,214. However, Safeco offers the cheapest rates, averaging $178 per year.
| Insurance Provider | Average Annual Cost |
| Mercury Insurance | $1,162 |
| Utica National Ins Group | $1,553 |
| Mississippi Farm Bureau | $1,363 |
| SafeAuto | $1,243 |
| Safeco | $178 |
| Virginia Farm Bureau | $1,220 |
| Elephant Insurance | $1,167 |
| Capital Insurance Group | $1,412 |
| NatGen Value | $1,531 |
| New York Central Mutual Fire | $1,315 |
2010 Porsche Panamera Insurance Rates
The average annual insurance cost for a 2010 Porsche Panamera is $1,427. However, American National P offers the cheapest rates, averaging $495 per year.
| Insurance Provider | Average Annual Cost |
| Southern Farm Bureau | $1,153 |
| National Grange Mutual | $1,949 |
| Chubb | $1,685 |
| MO Farm Bureau Services | $1,495 |
| American National P | $495 |
| SafeAuto | $1,283 |
| SECURA Insurance | $942 |
| Pioneer State Mutual Ins Co | $1,792 |
| Farm Bureau Ins of MI | $1,845 |
| Electric | $1,635 |
Find Affordable Porsche Panamera Car Insurance Rates
Is A Porsche Panamera Car Insurance Expensive To Insure?
Insuring a Porsche Panamera is more expensive than the average cost for all cars. However, the exact amount you’ll pay for car insurance depends on several factors, including your age, the age of your car, your location, and other variables.
Cost of Porsche Panamera Car Insurance By Age
Age is a key factor in determining insurance rates for any vehicle. Teen drivers usually face the highest premiums because they are statistically more likely to be involved in accidents compared to other age groups. As you get older, your premiums tend to decrease, reflecting a lower perceived risk by insurers.
| Driver Age | Good Driver | Recent Accident | Poor Credit |
| 17 | $16,752 | $24,629 | $28,785 |
| 18 | $15,614 | $22,930 | $26,834 |
| 19 | $13,811 | $20,292 | $23,742 |
| 20 | $12,048 | $17,670 | $20,680 |
| 21 | $10,101 | $14,820 | $17,334 |
| 22 | $9,813 | $14,405 | $16,905 |
| 23 | $8,614 | $12,669 | $14,791 |
| 24 | $8,157 | $11,993 | $14,024 |
| 25 | $7,066 | $10,364 | $12,136 |
| 30 | $5,536 | $8,068 | $9,450 |
| 35 | $5,147 | $7,581 | $8,864 |
| 40 | $4,980 | $7,261 | $8,510 |
| 45 | $4,794 | $7,082 | $8,295 |
| 55 | $4,435 | $6,519 | $7,556 |
| 65 | $4,615 | $6,744 | $7,917 |
| 75 | $5,823 | $8,530 | $9,985 |
Porsche Panamera Car Insurance Rates By State
Your location significantly impacts how insurance companies calculate your rates. Each state has its own auto insurance regulations; for example, drivers in Michigan often pay higher premiums due to the state’s requirement for more extensive coverage. Additionally, climate factors play a role — states that experience severe weather, like hurricanes, storms, or flooding, tend to have higher rates.
Insurance companies also take into account local crime and accident statistics, such as car theft rates, crash occurrences, and fatalities. All of these elements are factored in when determining your specific insurance rate for a Porsche Panamera.
| State | Good Driver | Recent Accident | Poor Credit |
| Alabama | $5,260 | $7,630 | $9,708 |
| Alaska | $4,328 | $5,979 | $5,823 |
| Arizona | $4,916 | $7,069 | $10,419 |
| Arkansas | $5,391 | $8,445 | $9,296 |
| California | $5,971 | $10,587 | $6,027 |
| Colorado | $5,603 | $7,809 | $9,942 |
| Connecticut | $7,155 | $11,101 | $14,049 |
| Delaware | $5,935 | $7,894 | $10,110 |
| Florida | $7,034 | $9,780 | $12,695 |
| Hawaii | $2,293 | $3,091 | $2,273 |
| Idaho | $3,941 | $5,266 | $6,426 |
| Illinois | $4,173 | $6,279 | $7,207 |
| Indiana | $4,282 | $6,563 | $7,315 |
| Iowa | $3,369 | $4,637 | $5,458 |
| Kansas | $4,513 | $6,576 | $7,636 |
| Kentucky | $6,518 | $9,541 | $11,295 |
| Louisiana | $8,376 | $12,642 | $13,734 |
| Maine | $3,174 | $4,376 | $6,463 |
| Maryland | $5,107 | $7,484 | $8,250 |
| Massachusetts | $4,087 | $7,165 | $4,113 |
| Michigan | $9,885 | $15,110 | $23,824 |
| Minnesota | $4,069 | $5,396 | $7,705 |
| Mississippi | $4,918 | $7,014 | $7,099 |
| Missouri | $4,653 | $6,625 | $8,728 |
| Montana | $4,693 | $6,597 | $7,651 |
| Nebraska | $3,995 | $5,877 | $6,424 |
| Nevada | $6,587 | $9,728 | $10,311 |
| New Hampshire | $4,566 | $7,243 | $9,153 |
| New Jersey | $5,050 | $7,884 | $10,357 |
| New Mexico | $5,170 | $7,666 | $7,941 |
| New York | $4,760 | $6,004 | $10,053 |
| North Carolina | $2,973 | $5,073 | $3,614 |
| North Dakota | $4,061 | $6,130 | $7,269 |
| Ohio | $3,614 | $5,582 | $5,727 |
| Oklahoma | $5,769 | $8,248 | $9,288 |
| Oregon | $5,233 | $7,015 | $8,439 |
| Pennsylvania | $4,371 | $6,459 | $7,586 |
| Rhode Island | $7,328 | $10,826 | $12,176 |
| South Carolina | $4,988 | $6,935 | $9,599 |
| South Dakota | $4,470 | $6,472 | $7,449 |
| Tennessee | $5,298 | $7,786 | $10,358 |
| Texas | $5,321 | $7,663 | $9,543 |
| Utah | $4,521 | $6,354 | $8,699 |
| Vermont | $3,498 | $5,371 | $5,636 |
| Virginia | $3,292 | $5,038 | $4,945 |
| Washington | $4,352 | $5,894 | $7,042 |
| West Virginia | $4,401 | $6,255 | $7,808 |
| Wisconsin | $4,368 | $6,800 | $7,766 |
| Wyoming | $4,063 | $5,709 | $6,061 |
| Georgia | $5,723 | $8,557 | $8,685 |
Find Affordable Porsche Panamera Car Insurance Rates
Cheapest Car Insurance Companies For A Porsche Panamera
If you’re looking to buy a new car insurance policy for your Porsche Panamera, you may want to know which companies offer the most affordable rates. For those seeking the lowest premium, SafeAuto provides a rate of $35 per month, making it the cheapest option for a Porsche Panamera. However, keep in mind that rates can vary depending on your driver profile, so this is just an average. To find the best deal for your specific situation, it’s a good idea to shop around and compare quotes from different providers.
| Company | Average Monthly Rate |
| SafeAuto | $35 |
| Workmens | $46 |
| NationalGeneral | $52 |
| Clearcover | $65 |
| Liberty Mutual | $60 |
Common Porsche Panamera Insurance Discounts
Discounts are a great way to reduce your car insurance costs. While each insurance provider offers different discounts, here are some common ones you might be eligible for:
- Multi-policy: If you bundle your home and auto insurance with the same provider, you could receive a discount.
- Pay annually: Some insurers offer a discount to customers who pay their premium in a lump sum rather than monthly.
- Defensive driving: Completing a defensive driving course through a certified institution can make you eligible for lower rates.
There are other discounts available as well. It’s a good idea to speak with your insurance agent, who can help you identify the discounts you’re eligible for.
Ways To Save On Porsche Panamera Insurance Costs
Maintaining a clean driving record is one of the best ways to keep your Porsche Panamera insurance premiums low. Speeding tickets or accidents can lead to higher rates. For example, drivers with a ticket on their record typically pay around $65 per month, while those with multiple accidents can expect to pay about $102 per month. By avoiding these incidents, you can help keep your insurance costs down.
Additionally, drivers with lower annual mileage generally pay less for insurance. Since they spend less time on the road, they have fewer chances of being involved in accidents, making them a lower risk to insure. Porsche Panamera drivers who drive between 5,000 and 7,500 miles annually pay an average of $54 per month, while those who drive over 10,000 miles per year may pay as much as $156 per month.
Compare Porsche Panamera To Other Porsche Models
Looking for other Porsche model insurance costs?
Our Methodology
To calculate average car insurance costs, Insuranceopedia gathered thousands of quotes from top auto insurance providers. The sample profile used was for a 40-year-old male driver purchasing full-coverage insurance with the following coverage limits: $100,000 for property damage liability, $100,000 for bodily injury liability, and a $1,000 deductible. However, it's important to note that the figures in this guide may differ from what you would pay, as rates are based on individual factors specific to each driver.
Quotes Analyzed
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Research Hours
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FAQs
Do You Need Insurance Before You Can Purchase A Porsche Panamera?
Yes, you’ll need to provide proof of insurance before driving your Porsche Panamera off the dealership lot. The best approach is to purchase a policy in advance and inform your insurance company that you’re about to buy the car, rather than getting insurance through the dealership. This way, you can ensure you’re fully covered before driving your new car.
How Can You Get The Cheapest Insurance For Your Porsche Panamera?
The best way to find the lowest insurance rates for your Porsche Panamera is by shopping around and comparing quotes from various auto insurance providers. Fortunately, Insuranceopedia makes it easy to compare quotes from multiple companies directly on our website.
