Do you want to learn to get low-cost Porsche Panamera insurance in Philadelphia? Locating cheaper insurance for a new or used Porsche Panamera in Pennsylvania could be an all-consuming task, but you can follow our car insurance buying tips to save time.
There is a right way and a wrong way to compare car insurance rates so you’re going to learn the proper way to quote coverages for your Porsche and locate the lowest possible price.
Consumers should take time to compare prices as often as possible because prices tend to go up over time. If you had the lowest quotes on Porsche Panamera insurance in Philadelphia two years ago a different company probably has better rates today. There is a lot of bad advice regarding Panamera insurance on the internet, but we’re going to give you some good information on how to lower your car insurance bill.
Obtaining price quotes for cheaper policy in Philadelphia is not that difficult. If you are already insured or are shopping for new coverage, follow these tips to cut your premiums while maximizing coverage. Consumers only need an understanding of the proper methods to compare different rates over the internet.
How to compare Philadelphia Porsche Panamera insurance quotes
The companies shown below offer price quotes in Philadelphia, PA. If the list has multiple companies, we recommend you get rate quotes from several of them to find the most competitive car insurance rates.
Affordable rates by taking advantage of these five discounts
Car insurance companies don’t necessarily list every policy discount very clearly, so the list below contains both the well known and the harder-to-find discounts that may be available.
- E-sign – Some of the larger companies may give you up to $50 simply for signing on your computer.
- Bundled Policy Discount – When you combine your homeowners and auto insurance and place coverage with the same company they may give you a discount of at least 10% off all policies.
- Telematics Discount – Philadelphia drivers who agree to allow their insurance company to monitor driving patterns through the use of a telematics system such as Allstate’s Drivewise and State Farm’s In-Drive system could see a rate decrease if their driving habits are good.
- Membership in Organizations – Being in a qualifying organization could trigger savings on auto insurance.
- ABS and Traction Control Discounts – Cars, trucks, and SUVs equipped with ABS or steering control can avoid accidents and qualify for as much as a 10% discount.
You should keep in mind that most discounts do not apply to the entire policy premium. Most only cut individual premiums such as liability, collision or medical payments. Despite the fact that it seems like all the discounts add up to a free policy, it doesn’t quite work that way. But any discount will cut your premiums.
The illustration below shows the difference between Porsche Panamera insurance rates with and without discounts being applied to the rates. The costs are based on a male driver, no driving violations, no at-fault accidents, Pennsylvania state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, claim-free, homeowner, multi-policy, and multi-car discounts applied.
A few popular companies and some of their more popular discounts can be read below.
- Farmers Insurance may offer discounts for electronic funds transfer, alternative fuel, bundle discounts, teen driver, distant student, early shopping, and switch companies.
- Esurance may include discounts for good student, homeowner, Pac-12 alumni, online shopper, multi-policy, and anti-theft.
- State Farm offers discounts including anti-theft, driver’s education, Drive Safe & Save, multiple autos, student away at school, and safe vehicle.
- GEICO has savings for multi-policy, daytime running lights, seat belt use, membership and employees, multi-vehicle, driver training, and defensive driver.
- Allstate offers discounts for economy car, safe driver, good payer, new car, eSmart discount, multi-policy, and teenSMART discount.
It’s a good idea to ask all the companies the best way to save money. Depending on the company, some discounts might not apply in your state. To see a list of companies with discount auto insurance rates in Pennsylvania, click this link.
Porsche Panamera coverage statistics
The rate table shown next showcases different coverage costs for Porsche Panamera models. Having a good understanding how insurance prices are formulated can aid in making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $316 | $640 | $346 | $20 | $104 | $1,426 | $119 |
| Panamera 4S AWD 4-Dr Hatchback | $316 | $702 | $346 | $20 | $104 | $1,488 | $124 |
| Panamera Turbo AWD 4-Dr Hatchback | $360 | $822 | $346 | $20 | $104 | $1,652 | $138 |
| Get Your Own Customized Quote Go | |||||||
Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Premium costs do not factor in your specific Philadelphia location which can lower or raise coverage rates considerably.
Higher deductibles lower rates
One of the more difficult decisions when buying insurance is which comprehensive and collision deductibles to buy. The rates shown below can help show the rate difference when you choose different coverage deductibles. The first rate table uses a $250 physical damage deductible and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $450 | $810 | $330 | $20 | $98 | $1,733 | $144 |
| Panamera 4S AWD 4-Dr Hatchback | $450 | $888 | $330 | $20 | $98 | $1,811 | $151 |
| Panamera Turbo AWD 4-Dr Hatchback | $516 | $1040 | $330 | $20 | $98 | $2,029 | $169 |
| Get Your Own Customized Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Panamera S 4-Dr Hatchback | $278 | $510 | $330 | $20 | $98 | $1,236 | $103 |
| Panamera 4S AWD 4-Dr Hatchback | $278 | $558 | $330 | $20 | $98 | $1,284 | $107 |
| Panamera Turbo AWD 4-Dr Hatchback | $318 | $654 | $330 | $20 | $98 | $1,420 | $118 |
| Get Your Own Customized Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Premium costs do not factor in garaging location in Philadelphia which can raise or lower premium rates noticeably.
Based on the data above, we can derive that using a $250 deductible costs about $46 more each month or $552 a year than requesting the higher $1,000 deductible. Because you would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you go at least 16 months between claim filings, you would save more money if you choose a higher deductible.
Calculation for raising deductibles
| Average monthly premium for $250 deductibles: | $155 |
| Average monthly premium for $1,000 deductibles (subtract): | – $109 |
| Monthly savings from raising deductible: | $46 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $46 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 16 months |
The example below illustrates how your deductible choice and can impact Porsche Panamera annual premium costs for different insured age categories. The premiums assume a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
How careless driving impacts Philadelphia insurance rates
The example below shows how traffic citations and at-fault claims can increase Porsche Panamera car insurance rates for different age groups. The premium estimates are based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.
Compare prices but still have a local Philadelphia insurance agency
Certain consumers just want to sit down and talk to an agent and that is recommended in a lot of cases Agents can help you choose the best coverages and will help you if you have claims. A nice benefit of price shopping on the web is you may find cheaper car insurance rates and still have an agent to talk to. Buying insurance from local insurance agencies is still important in Philadelphia.
For easy comparison, once you complete this short form, the quote information is sent to participating agents in Philadelphia who will return price quotes for your auto insurance coverage. It simplifies rate comparisons since you won’t have to find an agent because quoted prices will be sent to your email. If you wish to quote rates from a specific auto insurance provider, feel free to go to their quote page and complete a quote there.
Do you need an independent or exclusive car insurance agent?
When searching for local Philadelphia agents, there are a couple of types of insurance agents and how they are distinctly different. Auto insurance agencies are classified as either exclusive or independent (non-exclusive). Both can sell and service auto insurance coverage, but it’s important to point out the differences since it can impact the type of agent you choose.
Independent Insurance Agents
Independent agents do not write with just one company so as a result can place your coverage through many different auto insurance companies and help determine which has the cheapest rates. If they find a lower price, they can switch companies in-house which makes it simple for you. When comparing auto insurance prices, we highly recommend that you compare quotes from a few independent agents for maximum quote selection. Most can insure with small regional insurance companies that can offer cheaper rates than bigger companies.
Shown below are independent insurance agents in Philadelphia that may be able to give you competitive price quotes.
- Goebel Insurance Agency, Inc.
2026 S 12th St – Philadelphia, PA 19148 – (215) 465-9311 – View Map - The Miles Insurance Agency Inc
7100 Cresheim Rd – Philadelphia, PA 19119 – (215) 753-7770 – View Map - Savage Insurance Agency LLC
300 W Cheltenham Ave – Philadelphia, PA 19126 – (215) 224-4890 – View Map
Exclusive Insurance Agencies
These type of agents are contracted to one company such as Farmers Insurance or State Farm. They usually cannot compare other company’s rates so they have no alternatives for high prices. Exclusive agents are trained well on their products and sales techniques which helps overcome the inability to quote other rates. Some consumers prefer to choose to use an exclusive agent mainly due to the prominent brand name instead of buying on price only.
Listed below is a list of exclusive agents in Philadelphia that are able to give rate quotes.
- State Farm: Brian Cover
7005 Bustleton Ave – Philadelphia, PA 19149 – (215) 332-9000 – View Map - John Nicolucci – State Farm Insurance Agent
6001 Ridge Ave – Philadelphia, PA 19128 – (215) 482-7000 – View Map - Jeff Gottesman – State Farm Insurance Agent
9551 Bustleton Ave – Philadelphia, PA 19115 – (215) 725-1000 – View Map
Finding a good auto insurance agent is decision based upon more than just a cheap quote. These are valid questions to ask:
- How long has their agency been open in Philadelphia?
- Are there any extra charges for paying monthly?
- When do they do a full risk review?
- Can glass repairs be made at your home?
- Does the company have a solid financial rating?
If you feel you receive reasonable responses to your questions as well as a affordable price, chances are good that you have found a car insurance agent that can be relied on to service your policy. Just keep in mind you have the power to cancel coverage whenever you choose to so never feel you’re contractually obligated to any particular company for a certain time period.
You may need specialized insurance coverage
When it comes to a policy for your vehicles, there is no one size fits all plan. Your financial needs are unique so this has to be addressed.
These are some specific questions might point out if your situation could use an agent’s help.
- Is a driver training discount available?
- How can I get my company to pay me more for my totaled car?
- Is my ex-spouse still covered by my policy?
- If my pet gets injured in an accident are they covered?
- What is the premium to book value ratio for dropping full coverage?
- If my Porsche Panamera is totaled, can I afford another vehicle?
If you can’t answer these questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It only takes a few minutes and can provide invaluable advice.
Buying the right Porsche vehicle insurance in Pennsylvania is an important decision
Even though Philadelphia Panamera insurance rates can get expensive, insurance serves an important purpose.
First, just about all states have mandatory insurance requirements which means you are required to carry specific minimum amounts of liability coverage in order to get the vehicle licensed. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if your vehicle has a lienholder, more than likely the lender will make it mandatory that you carry insurance to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank may insure your Porsche at a significantly higher premium and make you pay the higher price.
Third, insurance preserves both your Porsche Panamera and your assets. It will also cover medical bills for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of buying enough insurance more than cancel out the cost, especially for larger claims. Unknowingly, the average driver is overpaying over $800 each year so it’s very important to do a rate comparison at every policy renewal to be sure current rates are still competitive.
Coverages available on your car insurance policy
Having a good grasp of your car insurance policy can help you determine which coverages you need and proper limits and deductibles. Car insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are the normal coverages found on most car insurance policies.
Medical payments and PIP coverage
Med pay and PIP coverage kick in for bills for chiropractic care, rehabilitation expenses, pain medications and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Due to the fact that many Pennsylvania drivers only carry the minimum required liability limits (Pennsylvania limits are 15/30/5), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are set the same as your liability limits.
Auto liability
This will cover injuries or damage you cause to other people or property. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 15/30/5 that translate to a $15,000 limit per person for injuries, $30,000 for the entire accident, and property damage coverage for $5,000. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.
Liability can pay for things such as court costs, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford. Pennsylvania state law requires minimum liability limits of 15/30/5 but you should consider buying better liability coverage.
The next chart demonstrates why the minimum limit may not be high enough to cover claims.
Comprehensive auto coverage
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as a tree branch falling on your vehicle, hitting a deer, fire damage and damage from getting keyed. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Collision coverage
Collision insurance covers damage to your Panamera from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims like scraping a guard rail, hitting a mailbox, colliding with another moving vehicle and rolling your car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible on your Panamera in order to get cheaper collision rates.
More comparisons equals affordable rates
Lower-priced Porsche Panamera insurance in Philadelphia is definitely available on the web in addition to local insurance agencies, and you should be comparing both so you have a total pricing picture. There are still a few companies who don’t offer rate quotes online and these smaller companies work with local independent agencies.
We covered some good ideas how you can lower your Porsche Panamera insurance premium rates in Philadelphia. The key concept to understand is the more times you quote, the better chance you’ll have of finding the cheapest Porsche Panamera rate quotes. Consumers could even find that the best premium rates are with some of the smallest insurance companies. These smaller insurers may often insure only within specific states and give better rates than the large multi-state companies such as GEICO and State Farm.
More detailed insurance information can be read in these articles:
- A Tree Fell on Your Car: Now What? (Allstate)
- What Car Insurance is Cheapest for a Ford Explorer in Philadelphia? (FAQ)
- Who Has the Cheapest Philadelphia Auto Insurance for Unemployed Drivers? (FAQ)
- What Auto Insurance is Cheapest for Young Drivers in Philadelphia? (FAQ)
- Who Has the Cheapest Philadelphia Car Insurance for Police Officers? (FAQ)
- Vehicle Insurance in the U.S. (Wikipedia)
- What is Covered by GAP Insurance? (Allstate)
- Medical Payments Coverage (Liberty Mutual)
- Teen Driving and Texting (State Farm)