Porsche Panamera Insurance Rate Quotes in Los Angeles

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Do you want a faster way to compare cheaper Porsche Panamera insurance in Los Angeles? Having to pay for pricey Porsche Panamera insurance in Los Angeles can sap your personal savings and force you to make tough financial choices. Performing a price comparison is free, only takes a few minutes, and is a good way to lower your monthly bill.

Insurance for Porsche PanameraAstonishing but true according to a recent study, a large majority of insurance policyholders have been with the same company for at least the last four years, and just short of a majority have never taken the time to shop around. With the average insurance premium being $1,390, California drivers could save as much as 35% each year just by getting comparison quotes, but they don't believe the amount of savings they would get if they swap their current policy for a cheaper one.

Due to the large number of insurance companies to choose from, it's nearly impossible to choose the most affordable company.

Cheapest auto insurance in Los Angeles, CA

The auto insurance companies shown below provide comparison quotes in Los Angeles, CA. If several companies are displayed, we suggest you compare several of them to find the cheapest auto insurance rates.

Car insurance data for a Porsche Panamera

The rate table shown below highlights a range of insurance rates for Porsche Panamera models. Having a good understanding how auto insurance policy rates are calculated can help you make decisions on which coverage to buy.

Porsche Panamera Insurance Rates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Panamera S 4-Dr Hatchback $492 $878 $442 $26 $132 $1,970 $164
Panamera 4S AWD 4-Dr Hatchback $492 $960 $442 $26 $132 $2,052 $171
Panamera Turbo AWD 4-Dr Hatchback $564 $1126 $442 $26 $132 $2,290 $191
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rates do not factor in zip code location which can lower or raise auto insurance rates considerably.

Raise deductibles and save

A question often asked by Los Angeles drivers is the level to set your comp and collision deductibles. The data tables below help summarize the rate differences when you choose different physical damage coverage deductibles. The first rate quote example uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Porsche Panamera insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Panamera S 4-Dr Hatchback $674 $1298 $442 $26 $132 $2,597 $216
Panamera 4S AWD 4-Dr Hatchback $674 $1422 $442 $26 $132 $2,721 $227
Panamera Turbo AWD 4-Dr Hatchback $772 $1666 $442 $26 $132 $3,063 $255
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Porsche Panamera insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Panamera S 4-Dr Hatchback $374 $684 $442 $26 $132 $1,658 $138
Panamera 4S AWD 4-Dr Hatchback $374 $748 $442 $26 $132 $1,722 $144
Panamera Turbo AWD 4-Dr Hatchback $428 $878 $442 $26 $132 $1,906 $159
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rates do not factor in specific garaging location which can influence coverage prices noticeably.

We can derive from the above data that using a $100 deductible could cost the average driver approximately $86 more each month or $1032 every year averaged for all Panamera models than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 10 months between claim filings, you would probably be better off going with the higher deductible.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $233
Average monthly premium for $1,000 deductibles (subtract): - $147
Monthly savings from raising deductible: $86
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $86
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 10 months

One important caveat is that increasing deductibles to save money means you will have to pay more out-of-pocket when you file a claim. You must have some savings in the bank in the event you have to pay more for the deductible.

Porsche Panamera insurance costs by gender and age

The information below illustrates the comparison of Porsche Panamera insurance premiums for male and female drivers. The premium estimates are based on no accidents or driving violations, full coverage, $250 deductibles, drivers are not married, and no discounts are applied.

These discounts can lower your insurance quotes

Some insurers don't always list all possible discounts very well, so we break down some of the more common as well as some of the hidden discounts that may be available. If you do not double check each discount you qualify for, you could be getting lower rates.Discount insurance

  • Air Bag Discount - Vehicles with factory air bags or automatic seat belts can get savings of 20 to 30 percent.
  • Good Student Discount - Performing well in school may save as much as 25% on a Los Angeles car insurance quote. You can use this discount normally until age 25.
  • Bundled Policy Discount - If you can combine your auto and homeowners policy with one company you could earn a discount of at least 10 to 15 percent or more.
  • Theft Deterrent Discount - Vehicles that have factory anti-theft systems help deter theft and earn discounts up to 10% off your Los Angeles car insurance quote.
  • Discounts for Responsible Drivers - Drivers who don't get into accidents can pay as much as 50% less compared to rates paid by drivers with frequent claims.
  • Buy New and Save - Insuring a vehicle that is new can cost up to 25% less because new model year vehicles have to meet stringent safety requirements.
  • Homeowners Savings - Just owning your own home can earn you a little savings because it requires personal responsibility.
  • Discount for Low Mileage - Keeping the miles down on your Porsche may allow you to get lower rates due to less chance of an accident.
  • Driving Data Discount - Policyholders that allow their company to analyze driving habits by using a small device installed in their vehicle such as State Farm's In-Drive might see lower rates if their driving habits are good.
  • Accident Waiver - This isn't a discount exactly, but certain companies will forgive one accident before hitting you with a surcharge if you have no claims for a certain period of time.

While discounts sound great, it's important to understand that some of the credits will not apply to the whole policy. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. So despite the fact that it appears all those discounts means the company will pay you, it's just not the way it works.

The information below illustrates the difference between Porsche Panamera yearly insurance costs with and without policy discounts. The data is based on a female driver, no claims or driving citations, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, safe-driver, multi-car, marriage, and multi-policy discounts applied.

Large insurance companies and some of the premium reductions they offer are shown below.

  • State Farm offers discounts for multiple policy, multiple autos, Steer Clear safe driver discount, driver's education, and accident-free.
  • GEICO discounts include federal employee, daytime running lights, membership and employees, good student, and seat belt use.
  • Liberty Mutual may have discounts that include new move discount, hybrid vehicle, preferred payment discount, new graduate, and newly retired.
  • The Hartford offers discounts including bundle, defensive driver, vehicle fuel type, driver training, and good student.
  • MetLife has savings for multi-policy, claim-free, accident-free, defensive driver, and good driver.
  • Progressive has discounts for good student, continuous coverage, homeowner, multi-vehicle, multi-policy, and online signing.

When quoting, ask all the companies how you can save money. Savings might not be offered on policies in your state. To locate providers that offer some of these discounts in Los Angeles, click this link.

Lower Your Los Angeles Insurance Prices

When buying car insurance it's important to understand some of the things that help determine the level of your policy premiums. When consumers understand what determines premiums, this enables informed choices that can earn you much lower annual insurance costs. Many different elements are part of the equation when you get your auto insurance bill. A few of the factors are predictable like your driving record, but other criteria are more transparent like your continuous coverage or your vehicle rating.

Small coverages can add up - There are a lot of extra add-on coverages that can waste your money if you aren't diligent. Coverages like replacement cost coverage, high-cost glass coverage, and motor club memberships are examples of these. They may seem like a good idea when deciding what coverages you need, but if you have no use for them think about removing them and cutting costs.

Certain employers raise prices - Occupations such as lawyers, architects, and stock brokers tend to have the highest rates attributed to intense work situations and lots of time spent away from family. Conversely, jobs like actors, athletes and performers have the lowest average rates.

Liability insurance limits are a factor - A critical coverage on your policy, liability insurance kicks in in the event that you are responsible for causing personal injury or damage in an accident. Liability provides for a legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.

Being married can lower rates - Getting married may earn you lower rates when buying car insurance. It translates into being more stable financially and statistics show married drivers tend to file fewer claims.

Your address can push rates up or down - Residing in a small town is a good thing when trying to find low car insurance rates. Fewer people means a lower chance of having an accident in addition to fewer liability claims. Urban drivers have to deal with more aggressive driving styles and much longer commute distances. More time commuting means a statistically higher chance of an accident.

Porsche Panamera insurance loss probability - Insurance companies analyze past claim statistics to help calculate premium rates. Models that have higher loss trends will cost more for specific coverages. The next table illustrates the insurance loss data used by companies for Porsche Panamera vehicles.

For each policy coverage type, the claim probability for all vehicles combined as an average is a value of 100. Values below 100 imply a favorable loss record, while values that are 100 or greater indicate a higher chance of having a claim or an increased probability of a larger loss.

Insurance Loss Ratings for Porsche Panamera Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Porsche Panamera 4dr 236 94 265 57
Porsche Panamera GTS 4dr 4WD 246 48 467
Porsche Panamera Turbo 4dr 4WD 242
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

How to know if you need help

Keep in mind that when it comes to choosing coverage online or from an agent, there really is no "best" method to buy coverage. Each situation is unique and your policy should reflect that.Drive safe and save For example, these questions can help discover whether your personal situation could use an agent's help.

  • Am I covered if my car is in a flood?
  • Is upholstery damage covered by car insurance?
  • Why am I required to buy liability insurance?
  • Will my Porsche Panamera be repaired with OEM or aftermarket parts?
  • Should I buy additional glass protection?
  • What is UM/UIM insurance?
  • Which companies will insure me after a DUI?
  • When should I drop full coverage on my Porsche Panamera?
  • What is the ISO rating for a Porsche Panamera?

If you're not sure about those questions, then you may want to think about talking to an insurance agent. If you don't have a local agent, take a second and complete this form or go to this page to view a list of companies.

Do I need an insurance agency?

A small number of people would prefer to buy from a local agent and doing so can bring peace of mind One of the benefits of price shopping on the web is you can get cheaper prices and still choose a local agent. And supporting local insurance agents is definitely important in Los Angeles.

After filling out this quick form, your information gets sent to local insurance agents who will gladly provide quotes for your car insurance coverage. You don't have to find an agent because prices are sent immediately to your email address. It's the lowest rates and a licensed agent to work with. If you have a need to quote rates for a specific company, just find their quoting web page and fill out the quote form the provide.

When searching for a good insurance agency, you should know the types of insurance agents that differ in how they can insure your vehicles. Agencies in Los Angeles can be classified as either exclusive or independent (non-exclusive).

Independent Car Insurance Agencies or Brokers

Independent insurance agents do not write with just one company and that allows them to write policies with multiple insurance companies and find you the best rates. If premiums increase, they simply move the coverage in-house and you can keep the same agent. If you are trying to find cheaper rates, we recommend you compare quotes from independent agents to get the most accurate price comparison.

The following is a short list of independent agencies in Los Angeles that may be able to provide free rate quotes.


5250 W Century Blvd #426 - Los Angeles, CA 90045 - (888) 400-4004 - View Map


5331 N Figueroa St - Los Angeles, CA 90042 - (323) 550-1444 - View Map


1081 Westwood Blvd Suite 218 - Los Angeles, CA 90024 - (310) 208-3548 - View Map

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Exclusive Car Insurance Agencies

These type of agents have only one company to place business with like Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot place coverage with different providers so they really need to provide good service. Exclusive agencies are well schooled on their products and sales techniques which helps them compete with independent agents.

Shown below are Los Angeles exclusive insurance agents who can help you get rate quotes.


500 N Larchmont Blvd - Los Angeles, CA 90004 - (323) 785-4080 - View Map


7288 Sunset Blvd #205 - Los Angeles, CA 90046 - (323) 876-6653 - View Map


4929 Wilshire Blvd #745 - Los Angeles, CA 90010 - (323) 692-0090 - View Map

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Choosing the best insurance agency should depend on more than just the bottom line cost. The answers to these questions are important, too.

  • Does the agency have a positive business rating?
  • Can glass claims be handled at your home?
  • Is the agent properly licensed in California?
  • Is insurance their full-time profession?
  • Which insurance companies are they affiliated with?
  • Are they involved in claim handling?
  • How much experience to they have in personal lines coverages?
  • Is the agency involved in supporting local community causes?

Cheap insurance rates are possible

The cheapest Porsche Panamera insurance in Los Angeles can be found on the web as well as from independent agents in Los Angeles, and you should be comparing both so you have a total pricing picture. Some companies do not provide the ability to get quotes online and these regional insurance providers provide coverage only through independent insurance agents.

In this article, we covered many ideas to shop for Porsche Panamera insurance online. The key concept to understand is the more quotes you get, the better your chances of lowering your rates. You may even discover the lowest prices are with some of the lesser-known companies. These smaller insurers can often provide lower rates in certain areas than the large multi-state companies such as Allstate and Progressive.

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