Porsche 718 Cayman Insurance Rates
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UPDATED: May 27, 2024
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Average auto insurance rates for a Porsche 718 Cayman are $1,846 annually with full coverage. Comprehensive insurance costs on average $388 each year, collision costs $848, and liability is $452. Buying just liability costs around $504 a year, with insurance for high-risk drivers costing $4,042 or more. Teenage drivers receive the highest rates at $6,776 a year or more.
Average premium for full coverage: $1,846
Rate estimates by individual coverage type:
Price estimates include $500 policy deductibles, liability coverage up to 30/60, and includes uninsured/under-insured motorist coverage. Rates are averaged for all U.S. states and 718 Cayman models.
Price Range by Coverage and Risk
For the average 40-year-old driver, prices range go from as cheap as $504 for your basic liability-only policy to a high rate of $4,042 for a high-risk driver policy.
Price Range by Location
Choosing to live in a large city can make a big difference on auto insurance rates. Rural areas tend to have fewer collision claims than densely populated cities.
The graphic below illustrates the difference location can make on car insurance rates.
These examples demonstrate why all drivers should compare rates quotes based on a specific location and their own personal driving habits, instead of making a decision based on average rates.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
More Rate Information
The chart below details estimated Porsche 718 Cayman insurance rates for different risk profiles and scenarios.
- The best discount rate is $1,022
- Raising to $1,000 deductibles will save around $280 annually
- The estimated rate for a 40-year-old driver with $500 deductibles is $1,846
- Using low deductibles costs an additional $548 annually
- Drivers who are prone to accidents and violations could pay upwards of $4,042 or more
- The cost with full coverage for a 16-year-old driver may cost $6,776
Auto insurance rates for a Porsche 718 Cayman can also vary considerably based on the trim level of your 718 Cayman, your driving record, and policy deductibles and limits.
More mature drivers with a good driving record and high physical damage deductibles may pay as low as $1,700 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they will have to pay upwards of $6,700 a year. View Rates by Age
If you like to drive fast or you caused a few accidents, you may be forking out at a minimum $2,200 to $3,000 in extra premium per year, depending on your age. Insurance for high-risk drivers is expensive and can cost from 44% to 133% more than a normal policy. View High Risk Driver Rates
Using high physical damage deductibles can reduce rates by up to $830 annually, whereas increasing liability limits will cost you more. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $407 extra every year. View Rates by Deductible or Liability Limit
Where you live also has a big influence on Porsche 718 Cayman insurance prices. A middle-age driver might find rates as low as $1,330 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $2,490 on average in Florida, Michigan, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,668 | -$178 | -9.6% |
| Alaska | $1,414 | -$432 | -23.4% |
| Arizona | $1,532 | -$314 | -17.0% |
| Arkansas | $1,846 | -$0 | 0.0% |
| California | $2,102 | $256 | 13.9% |
| Colorado | $1,762 | -$84 | -4.6% |
| Connecticut | $1,896 | $50 | 2.7% |
| Delaware | $2,086 | $240 | 13.0% |
| Florida | $2,308 | $462 | 25.0% |
| Georgia | $1,702 | -$144 | -7.8% |
| Hawaii | $1,324 | -$522 | -28.3% |
| Idaho | $1,248 | -$598 | -32.4% |
| Illinois | $1,374 | -$472 | -25.6% |
| Indiana | $1,388 | -$458 | -24.8% |
| Iowa | $1,244 | -$602 | -32.6% |
| Kansas | $1,752 | -$94 | -5.1% |
| Kentucky | $2,516 | $670 | 36.3% |
| Louisiana | $2,730 | $884 | 47.9% |
| Maine | $1,136 | -$710 | -38.5% |
| Maryland | $1,522 | -$324 | -17.6% |
| Massachusetts | $1,476 | -$370 | -20.0% |
| Michigan | $3,204 | $1,358 | 73.6% |
| Minnesota | $1,544 | -$302 | -16.4% |
| Mississippi | $2,210 | $364 | 19.7% |
| Missouri | $1,636 | -$210 | -11.4% |
| Montana | $1,980 | $134 | 7.3% |
| Nebraska | $1,456 | -$390 | -21.1% |
| Nevada | $2,212 | $366 | 19.8% |
| New Hampshire | $1,330 | -$516 | -28.0% |
| New Jersey | $2,060 | $214 | 11.6% |
| New Mexico | $1,634 | -$212 | -11.5% |
| New York | $1,942 | $96 | 5.2% |
| North Carolina | $1,062 | -$784 | -42.5% |
| North Dakota | $1,510 | -$336 | -18.2% |
| Ohio | $1,274 | -$572 | -31.0% |
| Oklahoma | $1,894 | $48 | 2.6% |
| Oregon | $1,688 | -$158 | -8.6% |
| Pennsylvania | $1,760 | -$86 | -4.7% |
| Rhode Island | $2,460 | $614 | 33.3% |
| South Carolina | $1,670 | -$176 | -9.5% |
| South Dakota | $1,556 | -$290 | -15.7% |
| Tennessee | $1,614 | -$232 | -12.6% |
| Texas | $2,222 | $376 | 20.4% |
| Utah | $1,366 | -$480 | -26.0% |
| Vermont | $1,262 | -$584 | -31.6% |
| Virginia | $1,104 | -$742 | -40.2% |
| Washington | $1,424 | -$422 | -22.9% |
| West Virginia | $1,692 | -$154 | -8.3% |
| Wisconsin | $1,276 | -$570 | -30.9% |
| Wyoming | $1,642 | -$204 | -11.1% |
With so much variability in rates, the best way to find out exactly what you will pay is to do a rate comparison from multiple companies. Every auto insurance company uses a different method to calculate rates, and quoted rates can be significantly different between companies.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Porsche 718 Cayman | $500 | $1,062 | $372 | $2,092 |
| 2023 Porsche 718 Cayman | $476 | $1,020 | $390 | $2,044 |
| 2022 Porsche 718 Cayman | $458 | $1,012 | $398 | $2,026 |
| 2021 Porsche 718 Cayman | $442 | $988 | $416 | $2,004 |
| 2020 Porsche 718 Cayman | $426 | $946 | $430 | $1,960 |
| 2019 Porsche 718 Cayman | $402 | $914 | $442 | $1,916 |
| 2018 Porsche 718 Cayman | $388 | $848 | $452 | $1,846 |
| 2017 Porsche 718 Cayman | $372 | $798 | $456 | $1,784 |
Rates are averaged for all Porsche 718 Cayman models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Buy Cheaper Porsche 718 Cayman Insurance
Saving money on insurance for a Porsche 718 Cayman consists of being a good driver, having above-average credit, eliminating unnecessary coverage, and taking advantage of discounts. Make time to compare rates every time your policy renews by requesting rates from direct companies like Progressive and GEICO, and also from local independent and exclusive agents.
The following list is a condensed summary of the information touched on in this article.
- You may be able to save as much as $230 per year simply by quoting online in advance
- Drivers age 16 to 20 are charged the highest rates, with premiums as much as $565 per month if full coverage is included
- Increasing deductibles could save up to $825 each year
- Drivers considered higher risk with multiple at-fault accidents pay an average of $2,200 more each year than a safer driver
- Insureds who require an increased level of liability coverage will pay an extra $500 every year to raise from a minimum limit to higher 250/500 limits
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $6,776 |
| 20 | $4,320 |
| 30 | $1,940 |
| 40 | $1,846 |
| 50 | $1,684 |
| 60 | $1,654 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,394 |
| $250 | $2,136 |
| $500 | $1,846 |
| $1,000 | $1,566 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,846 |
| 50/100 | $1,936 |
| 100/300 | $2,049 |
| 250/500 | $2,343 |
| 100 CSL | $1,982 |
| 300 CSL | $2,230 |
| 500 CSL | $2,411 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $9,742 |
| 20 | $6,892 |
| 30 | $4,146 |
| 40 | $4,042 |
| 50 | $3,860 |
| 60 | $3,830 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $101 |
| Multi-vehicle | $99 |
| Homeowner | $26 |
| 5-yr Accident Free | $149 |
| 5-yr Claim Free | $123 |
| Paid in Full/EFT | $93 |
| Advance Quote | $98 |
| Online Quote | $135 |
| Total Discounts | $824 |
Discounts are estimated and may not be available from every company or in every state.
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