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Porsche Panamera Car Insurance Cost

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Looking for a new or used Porsche Panamera? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

Porsche Panamera insurance facts

  • Average full coverage auto insurance premium: $293/month

  • Most affordable companies: Erie ($193/month) & Texas Farm Bureau ($196/month)

  • Panamera car insurance cost vs. average rate: $273 more expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Porsche Panamera by model year and auto insurer.

Below average Porsche Panamera insurer costs by state:

How much does it cost to insure my Porsche Panamera?

Select the year of your car

2021 Porsche Panamera

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Average Cost to Insure Per Year

$3,517

List Price

$87,200

Trims Available

Panamera - 4 - GTS - Turbo S - Engine: 325-hp turbocharged 2.6-liter V-6 - With Driver Assist Technologies - Adaptive cruise control, Parking assistance systems, Lane change assist, Traffic sign recognition, Traffic jam assistant, Light assistance systems with Porsche Active Safe (PAS) and Safety Features - Porsche Stability Management (PSM) 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, Airbag Occupancy Sensor, Tire Specific Low Tire Pressure Warning

2020 Porsche Panamera

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Average Cost to Insure Per Year

$3,429

List Price

$87,200

Trims Available

Base - 4 - S - S Hybrid - 4S - GTS - Turbo - Turbo S - Engine: 325-hp turbocharged 2.6-liter V-6 - With Driver Assist Technologies - Adaptive cruise control, Parking assistance systems, Lane change assist, Traffic sign recognition, Traffic jam assistant, Light assistance systems with Porsche Active Safe (PAS) and Safety Features - Porsche Stability Management (PSM) 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, Airbag Occupancy Sensor, Tire Specific Low Tire Pressure Warning

2019 Porsche Panamera

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Average Cost to Insure Per Year

$3,326

List Price

$86,300

Trims Available

Base - 4 - 4 Sport Turismo - 4 Executive - 4 E-Hybrid - 4S - 4 E-Hybrid Sport Turismo - 4 E-Hybrid Executive - 4S Sport Turismo - 4S Executive - Turbo - Turbo Sport Turismo - Turbo Executive - Turbo S E-Hybrid - Turbo S E-Hybrid Sport Turismo - Turbo S E-Hybrid Executive: Engine: 325-hp turbocharged 2.6-liter V-6 - With Driver Assist Technologies - Adaptive cruise control, Parking assistance systems, Lane change assist, Traffic sign recognition, Traffic jam assistant, Light assistance systems with Porsche Active Safe (PAS) and Safety Features - Porsche Stability Management (PSM) 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, Airbag Occupancy Sensor, Tire Specific Low Tire Pressure Warning

2018 Porsche Panamera

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Average Cost to Insure Per Year

$3,198

List Price

$85,000

Trims Available

Base - 4 - 4 Sport Turismo - 4 Executive - 4 E-Hybrid - 4S - 4 E-Hybrid Sport Turismo - 4 E-Hybrid Executive - 4S Sport Turismo - 4S Executive - Turbo - Turbo Sport Turismo - Turbo Executive - Turbo S E-Hybrid - Turbo S E-Hybrid Sport Turismo - Turbo S E-Hybrid Executive

2017 Porsche Panamera

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Average Cost to Insure Per Year

$2,065

List Price

$85,000

Trims Available

Base - 4 - 4 Executive - 4 E-Hybrid - 4S - 4 E-Hybrid Executive - 4S Executive - Turbo - Turbo Executive

2016 Porsche Panamera

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Average Cost to Insure Per Year

$2,464

List Price

$78,100

Trims Available

Base - Edition - 4 - 4 Edition - S - S E-Hybrid - 4S - GTS - 4S Executive - Turbo - Turbo Executive - Turbo S - Turbo S Executive

2015 Porsche Panamera

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Average Cost to Insure Per Year

$2,409

List Price

$78,100

Trims Available

Base - 4 - S - S E-Hybrid - 4S - GTS - 4S Executive - Turbo - Turbo Executive - Turbo S - Turbo S Executive

2014 Porsche Panamera

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Average Cost to Insure Per Year

$2,373

List Price

$78,100

Trims Available

Base - 4 - S - 4S - S E-Hybrid - GTS - 4S Executive - Turbo - Turbo Executive

2013 Porsche Panamera

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Average Cost to Insure Per Year

$2,162

List Price

$75,850

Trims Available

Base - 4 - S - S Hybrid - 4S - GTS - Turbo - Turbo S

2012 Porsche Panamera

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Average Cost to Insure Per Year

$2,092

List Price

$75,200

Trims Available

Base - 4 - S - S Hybrid - 4S - Turbo - Turbo S

2011 Porsche Panamera

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Average Cost to Insure Per Year

$1,932

List Price

$74,400

Trims Available

Base - 4 - S - 4S - Turbo

Risk factors affecting Porsche Panamera car insurance rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car's value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your car insurance rate.

How to save money on Porsche Panamera car insurance?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all Porsche models, you can get the following car insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

Porsche Luxury Automobile Brand

Porsche is a luxury automobile brand specializing in high-performance sports cars, SUVs, and sedans owned by Volkswagen Group. Porsche's target market is high-income (150K+), 85% male and 15% female 40 years and older in the United States market. Currently, Porsche is targeting younger consumers from 25 to 40 years of age. Most Porsche customers reside in Arizona, CaliforniaFloridaNevadaNew Mexico, New York, Oregon, and Texas. All Porsche automobiles have never been crash test rated by the National Highway Traffic Safety Administration (NHTSA) or the Insurance Institute for Highway Safety (IIHS). The most popular models are the Panamera, Cayenne, and the Boxster.

Higher than average Panamera repair costs equal higher insurance rates

Many consumers are attracted to Porsche automobiles for speed, luxury, and driver-assist technologies, such as the InnoDrive system. Specialized import repair shops sell automotive parts around the United States. According to Motor1, Porsche is one of the most expensive vehicles to maintain, and some customers claiming $400 for an oil change. Repair parts for ToyotaHonda, and Subaru can be 187 to 432% less expensive. Repairing a Porsche is higher than average since repair parts are more costly and not as available as popular vehicles. For this reason, many Porsche's are going to have higher than average car insurance rates to similar cars in its class.

Fast depreciation for Porsche Panamera affecting auto policies

Most Porsche models have higher than average depreciating value, except for the Panamera, affecting auto insurance rates. As your vehicle's value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all Porsche models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your car insurance claim resulting in a situation where your claim payout doesn't fully cover your repair cost.

No IIHS and NHTSA safety ratings increasing car insurance rates for drivers

Porsche vehicles have never been crash-test rated, which increases car insurance rates for drivers. Porsche's are known for their excellent safety features such as Porsche Active Safe or PAS to reduce the effects of a forward collision. With safety features and driver-assist technology (InnoDrive), drivers with a good driving record can get 10 to 15% driver discounts for passive restraints and safety features in Porsche models. With the lack of the Insurance Institute for Highway Safety (IIHS) "Top Safety Pick" and the NHTSA 5-star rating, Porsche customers are in the dark concerning safety and increased car insurance rates for automobile owners.

AutoInsureSavings.org licensed car insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Porsche automobile owners when buying a car insurance policy.

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