Prachi is an insurance writer with a master's degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.
Insurance.com research suggests that the cost of insuring a Porsche Panamera is estimated to be around $4,340 annually or $362 monthly. It's important for drivers to consider these rates when assessing their insurance needs. These rates can increase based on your driving record, location, age, and other factors.
Auto insurance rates vary depending on the model year. For instance, average car insurance rates for a 2023 Porsche Panamera costs $4,340 per year, while its 2022 equivalent costs $3,873 per year.
Regardless of your chosen model year, you can find a competitive carrierAn insurance carrier is the company that provides your car insurance policy and pays claims. that meets your needs and budget. Insurance.com conducted data analysis and discovered which cars offer the most affordable insurance rates based on model year and whether one specific model is cheaper to insure than others.
Read on to learn in detail about these cost-effective auto policies for Porsche Panamera.
Average insurance cost of Porsche Panamera by model year
| Year of Porsche Panamera model | Average cost to insure |
|---|---|
| 2023 | $4,340 |
| 2022 | $3,873 |
| 2021 | $3,434 |
| 2020 | $3,374 |
| 2019 | $3,437 |
Compare Porsche Panamera insurance rates by state
| Company | Style | Average annual premium |
|---|---|---|
| State Farm | 4WD 4 Door Sedan DOHC Turbo Hybrid | $2,204 |
| Nationwide | 4WD 4 Door Sedan DOHC Turbo Hybrid | $3,023 |
| Progressive | 4WD 4 Door Sedan DOHC Turbo Hybrid | $3,099 |
| Geico | 4WD 4 Door Sedan DOHC Turbo Hybrid | $4,580 |
| Allstate | 4WD 4 Door Sedan DOHC Turbo Hybrid | $7,450 |
Porsche Panamera insurance rates per year
2023 Porsche Panamera insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $2,704 |
| 2 | Nationwide | $3,467 |
| 3 | Progressive | $3,556 |
| 4 | Geico | $5,102 |
| 5 | Farmers | $5,106 |
| 6 | Allstate | $6,107 |
2022 Porsche Panamera insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $2,290 |
| 2 | Progressive | $2,512 |
| 3 | Farmers | $3,991 |
| 4 | Nationwide | $4,354 |
| 5 | Geico | $4,547 |
| 6 | Allstate | $5,545 |
2021 Porsche Panamera insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | Progressive | $1,362 |
| 2 | State Farm | $2,170 |
| 3 | Geico | $3,585 |
| 4 | Farmers | $3,950 |
| 5 | Nationwide | $4,069 |
| 6 | Allstate | $5,465 |
2020 Porsche Panamera insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | Progressive | $2,219 |
| 2 | State Farm | $2,399 |
| 3 | Geico | $3,138 |
| 4 | Farmers | $3,357 |
| 5 | Nationwide | $3,496 |
| 6 | Allstate | $5,633 |
2019 Porsche Panamera insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $2,484 |
| 2 | Progressive | $2,692 |
| 3 | Nationwide | $3,101 |
| 4 | Geico | $3,354 |
| 5 | Farmers | $4,059 |
| 6 | Allstate | $4,931 |
2018 Porsche Panamera insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,938 |
| 2 | Progressive | $2,423 |
| 3 | Nationwide | $3,058 |
| 4 | Geico | $3,205 |
| 5 | Farmers | $3,387 |
| 6 | Allstate | $5,064 |
2017 Porsche Panamera insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $2,337 |
| 2 | Progressive | $2,645 |
| 3 | Geico | $2,944 |
| 4 | Nationwide | $3,628 |
| 5 | Farmers | $3,841 |
| 6 | Allstate | $4,553 |
2016 Porsche Panamera insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $2,390 |
| 2 | Progressive | $2,711 |
| 3 | Geico | $2,801 |
| 4 | Nationwide | $3,449 |
| 5 | Farmers | $3,730 |
| 6 | Allstate | $4,520 |
