Porsche Panamera Car Insurance Cost for 2023

How much are Porsche Panamera car insurance rates? We tallied prices from the base hatchback up to the Hybrid Turbo S Executive sedan to see how rates measure up to other luxury cars.

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How much does Porsche Panamera insurance cost?

Porsche Panamera car insurance rates average $2,946 a year, or $246 a month. With the average large luxury car costing $2,724 a year to insure, the Porsche Panamera costs an estimated $222 more on an annual basis than the average luxury car.

The chart below details how average Panamera car insurance rates vary based on the age of the rated driver and coverage deductibles. The annual policy rates shown range from a low of $2,148 per year for a 60-year-old driver with high deductibles to the highest rate of $7,066 annually for a driver age 20 with deductibles of $250.

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Chart Data Details: Chart shows average insurance cost for a 2023 Porsche Panamera with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Porsche Panamera trim levels.Data last updated on December 30, 2022
Porsche Panamera Car Insurance Rates
2023 Porsche Panamera Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$4,820$402
$500$5,910$493
$250$7,066$589
30$1,000$2,552$213
$500$3,150$263
$250$3,778$315
40$1,000$2,396$200
$500$2,946$246
$250$3,522$294
50$1,000$2,182$182
$500$2,676$223
$250$3,196$266
60$1,000$2,148$179
$500$2,634$220
$250$3,146$262

How does Porsche Panamera insurance cost rank?

The Porsche Panamera ranks 20th out of 26 comparison vehicles in the large luxury car class. The Panamera costs an average of $2,946 per year for insurance and the class average is $2,724 per year, a difference of $222 per year.

When compared to top-selling vehicles in the large luxury car class, insurance for a Porsche Panamera costs $966 more per year than the Audi A5, $150 more than the BMW 740i, $362 more than the Infiniti Q60, and $60 more than the Audi A8.

The chart below shows how well Panamera insurance rates fare against the most popular large luxury cars in America. For a total class comparison, a rankings table is included after the chart that ranks insurance rankings for all 26 models in the large luxury car class.

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Chart Data Details: Average rates are for a 2023 model year Porsche Panamera, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Porsche Panamera trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 30, 2022
Porsche Panamera vs Top 10 Large Luxury Cars Insurance Rate Comparison
Porsche Panamera Insurance Cost Compared to All Large Luxury Cars
Rank Make/Model Insurance Cost Difference
1Audi A5$1,980-$966
2Volvo S90$2,230-$716
3Lexus LS 500$2,304-$642
4Mercedes-Benz AMG E53$2,318-$628
5Genesis G90$2,330-$616
6BMW i7$2,346-$600
7Mercedes-Benz AMG GT43$2,368-$578
8Lexus LS 500h$2,446-$500
9BMW 840i$2,514-$432
10Mercedes-Benz EQS 450$2,570-$376
11Infiniti Q60$2,584-$362
12Mercedes-Benz S500$2,598-$348
13Audi RS 7$2,654-$292
14Mercedes-Benz EQS 580$2,666-$280
15BMW 740i$2,796-$150
16BMW M850i$2,832-$114
17Mercedes-Benz AMG EQS$2,852-$94
18Audi A8$2,886-$60
19Audi S8$2,902-$44
20Porsche Panamera$2,946--
21BMW 760i$2,978$32
22Mercedes-Benz S580$3,046$100
23BMW Alpina B8$3,234$288
24BMW M760i$3,336$390
25Mercedes-Benz Maybach S580$3,436$490
26Mercedes-Benz Maybach S680$3,666$720

What Panamera model has the cheapest insurance rates?

The cheapest trim level of Porsche Panamera to insure is the base Sedan at $2,544 per year. The next cheapest trim is the 4 at $2,610 per year, and the third cheapest trim to insure is the 4 Sport Turismo at $2,686 per year.

The most expensive trim levels of Porsche Panamera to insure are the Turbo S E-Hybrid Executive at $3,380 and the Turbo S E-Hybrid Sport Turismo at $3,362 per year. Those trim levels will cost an extra $836 and $818 per year, respectively, over the least expensive base Sedan model.

The next table displays the average Porsche Panamera car insurance rates, plus a monthly amount for budgeting, for each package and trim for the 2023 model.

2023 Porsche Panamera Insurance Cost by Trim Level
Porsche Panamera Trim Level Annual Policy Six-Month Policy Per Month
Base Sedan$2,544$1,272$212
4$2,610$1,305$218
4 Sport Turismo$2,686$1,343$224
4 Executive$2,692$1,346$224
Platinum Edition$2,708$1,354$226
4 Platinum Edition$2,752$1,376$229
4S$2,768$1,384$231
4S Sport Turismo$2,828$1,414$236
4 E-Hybrid$2,836$1,418$236
4S Executive$2,876$1,438$240
4 E-Hybrid Sport Turismo$2,878$1,439$240
4 E-Hybrid Executive$2,882$1,441$240
4 E-Hybrid Platinum Edition$2,930$1,465$244
4S E-Hybrid$2,932$1,466$244
4S E-Hybrid Sport Turismo$2,968$1,484$247
GTS$2,972$1,486$248
GTS Sport Turismo$3,012$1,506$251
4S E-Hybrid Executive$3,024$1,512$252
Turbo S$3,228$1,614$269
Turbo S Sport Turismo$3,242$1,621$270
Turbo S Executive$3,262$1,631$272
Turbo S E-Hybrid$3,346$1,673$279
Turbo S E-Hybrid Sport Turismo$3,362$1,681$280
Turbo S E-Hybrid Executive$3,380$1,690$282

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Porsche Panamera, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 5, 2023
Porsche Panamera Insurance Cost by Trim Level

How much is insurance on a used Panamera?

Driving a used Porsche Panamera could cut your insurance cost by $966 or more each year, depending on policy coverage levels.

The next table shows typical car insurance rates for a Porsche Panamera from 2013 through 2023. The range of annual policy costs goes from the cheapest rate of $1,980 for a 2013 Porsche Panamera to the most expensive rate of $2,946 for a 2023 model year.

Porsche Panamera Insurance Cost for 2013-2023 Models
Model Year and Vehicle Annual Rate 6-month Rate Monthly Rate
2023 Porsche Panamera$2,946$1,473$246
2022 Porsche Panamera$2,868$1,434$239
2021 Porsche Panamera$2,790$1,395$233
2020 Porsche Panamera$2,742$1,371$229
2019 Porsche Panamera$2,654$1,327$221
2018 Porsche Panamera$2,492$1,246$208
2017 Porsche Panamera$2,300$1,150$192
2016 Porsche Panamera$2,544$1,272$212
2015 Porsche Panamera$2,294$1,147$191
2014 Porsche Panamera$1,920$960$160
2013 Porsche Panamera$1,980$990$165

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Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 30, 2022
Porsche Panamera Insurance Cost by Model Year