Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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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 also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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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.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average Porsche Panamera insurer costs by state:

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.

2021 Porsche Panamera

Cheapest Insurance CompaniesAverage Annual Cost
Allied$4134
Allstate$3647
American Family$2468
Amica$4273
Auto-Owners$2549
Country Financial$2916
Direct Auto$3328
Erie$2316
Farmers$3278
GEICO$2419
Liberty Mutual$2799
Mercury$3596
MetLife$4029
Nationwide$3016
Plymouth Rock$3419
Progressive$3749
Safe Auto$3871
State Farm$3124
Tennessee Farmers$3487
Texas Farm Bureau$2348
Travelers$3320
USAA$2638

Compare all 2021 Porsche Panamera rates

Average Cost to Insure Per Year

$3517

List Price

$87200

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

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$3033
American Family$2346
Auto-Owners$2136
Erie$2260
Farmers$2548
GEICO$2240
Mercury$2900
MetLife$3948
Nationwide$2387
Progressive$3126
Safe Auto$3176
State Farm$2467
Tennessee Farmers$2786
Travelers$2690
USAA$2290
Vermont Mutual$3209

Compare all 2020 Porsche Panamera rates

Average Cost to Insure Per Year

$3429

List Price

$87200

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

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$3017
American Family$2388
Auto-Owners$2243
Direct Auto$2946
Erie$2116
Farmers$2548
GEICO$2192
Liberty Mutual$2276
MetLife$3718
Nationwide$2418
Progressive$3164
Safe Auto$3249
State Farm$2465
Tennessee Farmers$2846
Travelers$2648
USAA$2318
Vermont Mutual$3419

Compare all 2019 Porsche Panamera rates

Average Cost to Insure Per Year

$3326

List Price

$86300

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

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2582
Acuity$ 2582
Allied$ 1758
Allied$ 1758
Arbella$ 2408
Arbella$ 2408
Country$ 2536
Country$ 2536
Erie$ 2116
Erie$ 2116
Mercury$ 2827
Mercury$ 2827
Nationwide$ 2542
Nationwide$ 2542
Plymouth Rock Insurance$ 2062
Plymouth Rock Insurance$ 2062
Progressive$ 2224
Progressive$ 2224
State Farm$ 2602
State Farm$ 2602
Tennessee Farmers$ 1664
Tennessee Farmers$ 1664
USAA$ 2535
USAA$ 2535

Compare all 2018 Porsche Panamera rates

Average Cost to Insure Per Year

$ 3198

List Price

$ 85000

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

Cheapest Insurance CompaniesAverage Annual Cost
Allied$ 2167
Allied$ 2167
Arbella$ 2746
Arbella$ 2746
Country$ 2808
Country$ 2808
Erie$ 2305
Erie$ 2305
Mercury$ 2750
Mercury$ 2750
Nationwide$ 2613
Nationwide$ 2613
Plymouth Rock Insurance$ 1977
Plymouth Rock Insurance$ 1977
Progressive$ 3053
Progressive$ 3053
Safeco$ 2846
Safeco$ 2846
State Farm$ 2991
State Farm$ 2991
Tennessee Farmers$ 1450
Tennessee Farmers$ 1450
Texas Farm Bureau$ 1464
Texas Farm Bureau$ 1464

Compare all 2017 Porsche Panamera rates

Average Cost to Insure Per Year

$ 2065

List Price

$ 85000

Trims Available

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

2016 Porsche Panamera

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2533
Acuity$ 2533
Allied$ 2358
Allied$ 2358
Arbella$ 2278
Arbella$ 2278
Country$ 2386
Country$ 2386
Erie$ 1685
Erie$ 1685
Mercury$ 2675
Mercury$ 2675
Plymouth Rock Insurance$ 1956
Plymouth Rock Insurance$ 1956
Progressive$ 1820
Progressive$ 1820
State Farm$ 2050
State Farm$ 2050
Tennessee Farmers$ 1462
Tennessee Farmers$ 1462
Texas Farm Bureau$ 1428
Texas Farm Bureau$ 1428
USAA$ 2273
USAA$ 2273

Compare all 2016 Porsche Panamera rates

Average Cost to Insure Per Year

$ 2464

List Price

$ 78100

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

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2505
Acuity$ 2505
Arbella$ 2301
Arbella$ 2301
Country$ 2353
Country$ 2353
Erie$ 1715
Erie$ 1715
Mercury$ 2627
Mercury$ 2627
Nationwide$ 2665
Nationwide$ 2665
Plymouth Rock Insurance$ 1898
Plymouth Rock Insurance$ 1898
Progressive$ 1805
Progressive$ 1805
State Farm$ 1949
State Farm$ 1949
Tennessee Farmers$ 2373
Tennessee Farmers$ 2373
Texas Farm Bureau$ 1391
Texas Farm Bureau$ 1391
USAA$ 2406
USAA$ 2406

Compare all 2015 Porsche Panamera rates

Average Cost to Insure Per Year

$ 2409

List Price

$ 78100

Trims Available

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

2014 Porsche Panamera

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2386
Acuity$ 2386
Allied$ 2462
Allied$ 2462
Arbella$ 2225
Arbella$ 2225
Country$ 2284
Country$ 2284
Erie$ 1562
Erie$ 1562
Mercury$ 2583
Mercury$ 2583
Plymouth Rock Insurance$ 1838
Plymouth Rock Insurance$ 1838
Progressive$ 2013
Progressive$ 2013
State Farm$ 2226
State Farm$ 2226
Tennessee Farmers$ 2355
Tennessee Farmers$ 2355
Texas Farm Bureau$ 1351
Texas Farm Bureau$ 1351
USAA$ 2230
USAA$ 2230

Compare all 2014 Porsche Panamera rates

Average Cost to Insure Per Year

$ 2373

List Price

$ 78100

Trims Available

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

2013 Porsche Panamera

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2132
Acuity$ 2132
Allied$ 2113
Allied$ 2113
Arbella$ 1980
Arbella$ 1980
Country$ 2123
Country$ 2123
Erie$ 1448
Erie$ 1448
Nationwide$ 2166
Nationwide$ 2166
Plymouth Rock Insurance$ 1743
Plymouth Rock Insurance$ 1743
Progressive$ 1902
Progressive$ 1902
State Farm$ 1922
State Farm$ 1922
Tennessee Farmers$ 2163
Tennessee Farmers$ 2163
Texas Farm Bureau$ 1316
Texas Farm Bureau$ 1316
USAA$ 1933
USAA$ 1933

Compare all 2013 Porsche Panamera rates

Average Cost to Insure Per Year

$ 2162

List Price

$ 75850

Trims Available

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

2012 Porsche Panamera

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2050
Acuity$ 2050
Allied$ 2123
Allied$ 2123
Arbella$ 2011
Arbella$ 2011
Country$ 2069
Country$ 2069
Erie$ 1427
Erie$ 1427
Nationwide$ 2143
Nationwide$ 2143
Plymouth Rock Insurance$ 1698
Plymouth Rock Insurance$ 1698
Progressive$ 1773
Progressive$ 1773
State Farm$ 1884
State Farm$ 1884
Tennessee Farmers$ 2148
Tennessee Farmers$ 2148
Texas Farm Bureau$ 1280
Texas Farm Bureau$ 1280
USAA$ 1927
USAA$ 1927

Compare all 2012 Porsche Panamera rates

Average Cost to Insure Per Year

$ 2092

List Price

$ 75200

Trims Available

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

2011 Porsche Panamera

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1979
Acuity$ 1979
Allied$ 2094
Allied$ 2094
Arbella$ 1609
Arbella$ 1609
Country$ 1798
Country$ 1798
Erie$ 1361
Erie$ 1361
Plymouth Rock Insurance$ 1649
Plymouth Rock Insurance$ 1649
Progressive$ 2106
Progressive$ 2106
Southern Farm Bureau$ 1946
Southern Farm Bureau$ 1946
Tennessee Farmers$ 1855
Tennessee Farmers$ 1855
Texas Farm Bureau$ 1240
Texas Farm Bureau$ 1240
USAA$ 1566
USAA$ 1566
Vermont Mutual$ 1773
Vermont Mutual$ 1773

Compare all 2011 Porsche Panamera rates

Average Cost to Insure Per Year

$ 1932

List Price

$ 74400

Trims Available

Base - 4 - S - 4S - Turbo