Vehicles > Porsche > Panamera

Porsche Panamera Insurance Rates

Shopping for auto insurance online saves time, is easy to do, in addition you might just save a little. The key to finding lower rates is to take the time to get rates from all providers in order to have the cheapest rate quotes.

Comparing auto insurance rates direct online can be complicated if you are a beginner to online quotes. But relax because comparing prices is actually very simple. Finding lower Panamera insurance cost is not rocket science. You just have to spend a little time to get quotes online from several insurance companies. This is very easy and can be done by comparing rates here.

FREE Car Insurance Comparison

Criteria which help determine car insurance premiums

Auto insurance rates paid to insure a Porsche Panamera can vary widely and are calculated by many factors. A few of these criteria are:

  • Tickets increase premiums
  • Credit rating
  • Male drivers pay higher rates
  • Deductible amount directly impacts your rate
  • NTSB crash rating for your vehicle
  • Claims drive up premiums
  • Having continuous coverage saves you money
  • Owning a home can lower rates

A final factor that will help determine Panamera insurance rates is the model year. Newer models have a higher replacement value in comparison to later models so the costs to repair can inflate annual premiums. Although new Porsche models may have a trim level with safety features included like adaptive cruise control, blind-spot warning system, autonomous braking, and anti-lock brakes which can lower rates.

To get a better understanding how rates are influenced for your specific model year, select the year of your vehicle from the following list.

Liability coverage - This provides protection from injuries or damage you cause to a person or their property by causing an accident. Liability coverage pays for claims such as funeral expenses, loss of income, and emergency aid. It is cheap coverage so consider buying higher limits if possible.

Collision coverage - Collision coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible in order to get cheaper Panamera insurance rates.

Comprehensive coverage - This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by your Porsche Panamera comprehensive insurance. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if it's not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage - This coverage protects you and your vehicle's occupants from other motorists when they either have no liability insurance or not enough. Due to the fact that many drivers only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Medical payments coverage and PIP - Medical payments and Personal Injury Protection insurance kick in for bills (i.e. ambulance fees, surgery, and doctor visits). They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. PIP coverage is not universally available and gives slightly broader coverage than med pay.

How Much are Porsche Panamera Insurance Rates?