Porsche Cayman Car Insurance: How Much Should You Expect to Pay?

Looking at average rates, Porsche Cayman owners normally pay around $168 a month for auto insurance. Learn about how much car insurance carriers might charge to insure your Porsche Cayman with our latest guide.

Quick Facts

  • It costs more to insure a Porsche Cayman than the average car.
  • Liability only insurance premiums for a Cayman run about $64 monthly, while full coverage usually comes in at around $213.
  • The lowest auto insurance carrier for a Cayman is Liberty Mutual, who offers rates sometimes as low as $28 per month.

Cayman Overview

With new 2022 models starting at $60,500, the Porsche Cayman is a high-end car for drivers with extra room in their budgets. With four different trim levels currently offered, there's an option for every driver.

We crunched the numbers on thousands of car insurance quotes on Compare.com, and we've found that Porsche Cayman insurance prices run about $168 monthly, on average. But how does that stack up to other similar vehicles out there on the market?

Current Base Price$60,500
Body Style(s)Car
Trim LevelsS, GTS, BASE/T, GT4
Average Insurance Premium$168/mo.
Cheapest Insurance CompanyLiberty Mutual

How Much is Car Insurance for a Porsche Cayman?

Vehicle Liability Only Full Coverage
Porsche Cayman$64$213
All Porsche Models$69$204
All Cars$83$177
Average Insurance Premium$81$169

You'll see in the table above that compared to other vehicles, Porsche Cayman insurance premiums are higher than average. On average, Cayman drivers will pay around $213 a month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $64 per month for liability only insurance (check out our guide, "State Minimum vs. Full Coverage", to learn more about these different types of insurance).

Compared to other models from Porsche, the Cayman's insurance premium is on par with the rest of the company's vehicle lineup. Compared to offerings from other brands, car insurance for a Cayman runs close to average, with full coverage insurance rates coming in at 20% higher than other cars and liability insurance prices at 23% cheaper.

When compared to all vehicles, regardless of make, body style, or model, the Cayman is lower for liability only auto insurance, but full coverage premiums are more expensive on average.

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Who has the Cheapest Car Insurance for a Porsche Cayman?

Insurance Company Average Monthly Premium
Liberty Mutual$28
SafeAuto$30
Mercury$36
Shelter Mutual$41
Workmens$48

Searching for an auto insurance policy for your Porsche Cayman? You might be wondering which company offers the most affordable premiums. While costs will typically be pretty different from driver to driver, the most affordable average rates for liability only insurance are sometimes as little as $28 monthly from Liberty Mutual. With car insurance sometimes as cheap as $30 a month, SafeAuto is the next cheapest car insurance carrier.

The third, fourth, and fifth companies on the list are Mercury, Shelter Mutual, and Workmens. But just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.

Auto insurance companies take a bunch of different factors into consideration when offering you rates. The only way to guarantee you find the lowest rates is to compare quotes from a whole range of auto insurance carriers.

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What Factors Affect Car Insurance Rates for a Porsche Cayman?

There are quite a few things that insurance companies look at to decide how much to charge you for a policy -- and every company weighs certain variables more than others, so there's not just one carrier that's the most affordable for everyone.

Below are just a few of the variables car insurance carriers look at and how each one affects your final rate:

Vehicle Age

Vehicle Age Average Monthly Premium
Less than 1 Year$57
2-3 Years$56
4-5 Years$84
6-7 Years$72
8-10 Years$61
11-14 Years$67
15 Years or Older$59

The Porsche Cayman has been around for a while -- that means vehicle age will likely play a role in what you end up paying for auto insurance. Typically, it costs less to insure older cars because they're worth less than newer models, and as time goes on and Caymans begin to depreciate, insurance costs will gradually decrease.

As you can see in the table above, the Porsche Cayman is an outlier, as the cheapest models to insure are those that are 2 to 3 years old, while on average, the most expensive Caymans are 4 to 5 years old.

Your Age

Age Average Monthly Premium

How old you are makes a big difference in how much you pay for insurance. Based on the information above, drivers with more experience on the road pay less compared to drivers under 18. Porsche Cayman drivers under 18 actually pay over three times as much as those 25 or older.

Insurance prices continue to go lower as you get older, with the cheapest age group for Cayman drivers being 25-34.

Your Gender

Gender Average Monthly Premium
Male$62
Female$74

Because women are less likely to get tickets and get into accidents, they run a lower risk of filing a claim with insurance. So, insurance companies will tend to charge women less than men. Surprisingly, when it comes to Cayman drivers specifically, men pay about 16% less than women each month for car insurance.

Where You Live

State Average Monthly Premium
California$51
Florida$117
Georgia$116
Illinois$56
New York$183
North Carolina$48
Ohio$26
Pennsylvania$25
Texas$53
Virginia$34

You may think it's obvious that factors such as what vehicle you drive and how old you are play a role in your auto insurance rates, but did you know that where you live can be just as important? Car insurance is regulated on the state level and not nationally, so prices vary quite a bit depending on where you live.

For example, the average Porsche Cayman owner from New York pays around $183 per month for liability coverage, while the same driver from California will pay less than 50% of that price, on average. The chart above shows average premiums for the top 10 most populous states, just to give you a good idea of how much rates can change depending on where you live.

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Porsche Cayman Car Insurance Discounts

No matter your home state, your age, or your car, it's always in your best interest to take advantage of as many insurance discounts as possible.

Not every car insurance company will offer the same discounts, but there are a few that are relatively common. These include discounts like:

  • Multi-vehicle discounts for adding more than one car to your auto policy
  • Pay-in-full discounts for agreeing to pay your entire policy rate up front, rather than by monthly payments
  • Defensive driving discounts for drivers who take a defensive driving class from a certified school or institution
  • Vehicle safety discounts for having a vehicle with higher than average safety ratings or one with certain safety features (like air bags or anti-lock brakes)

While taking advantage of discounts is always a smart way to save money on your auto insurance, sometimes the best way to save is just by having a profile that looks good to insurance carriers.

While you can't control every single aspect of your car insurance profile (like some of the factors we mentioned above), there is quite a bit of it that you can influence. Below are just a few of the ones you can use to your advantage in order to save money on auto insurance:

Your Driving Record

Infractions Average Monthly Premium
1 Accident$95
Multiple Accidents$58
1 Ticket$46
Multiple Tickets$59

It's no secret that insurance companies offer the cheapest prices to drivers with clean records. It should be no surprise that your auto insurance premiums will go up if you get tickets for speeding or get into a collision. But how much will they cost you?

If you look at the table above, you'll notice that accidents will usually cost Cayman drivers more than tickets, but both will result in higher than normal rates. Porsche Cayman drivers with one ticket will pay about $46 monthly, while drivers with a single accident on their record pay an average of $95 a month (up $31 from the $64/mo. overall average). The rates only get higher the more accidents you have or tickets you get.

How Much You Drive

Annual Mileage Average Monthly Premium
0-2,500 Miles$40
2,501-5,000 Miles$66
5,001-7,500 Miles$70
7,501-10,000 Miles$65
10,000+ Miles$63

How much you drive each year affects your insurance rates. Those who drive less are less likely to get speeding tickets, so they'll generally end up paying less for car insurance. Above, you can see that Porsche Cayman owners who drive fewer than 2,500 miles every year pay an average of $40 per month for auto insurance, while those who put 10,000 miles or more on their cars pay $63.

If you don't drive much because have a second vehicle or you work from home, you might consider getting a usage-based or pay-per-mile insurance policy. With these plans, you pay a small base rate each month, with your final monthly bill being calculated based on the number of miles you drove.

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How Do Porsche Caymans Compare to Other Vehicles?

If you're considering buying a new vehicle and a Porsche Cayman is on your shortlist, it might be helpful to do your homework. Auto insurance is just one cost that's associated with a new car purchase, but it's guaranteed to be one that's worth taking into consideration.

Take a look at the table below to see how the Porsche Cayman stacks up:

Porsche Cayman National Average
Liability Insurance$24$81
Full Coverage Insurance-$169
Base MSRP$60,500$46,192
Average Annual Mileage8,65811,617

Overall, the Porsche Cayman is more expensive than average, with an MSRP that's a quarter more than the going rate for a new vehicle. The Cayman goes for $60,500, a bit higher than the national average vehicle price of $46,192.

Full coverage insurance for a Porsche Cayman is, while liability only coverage is a month.

When it comes to usage, Porsche Cayman drivers are much lower than the national average in annual miles driven, with 11,617 miles for all vehicles per year compared to the Cayman's 8,658 each year.

Porsche Cayman Car Insurance Costs by Model Year

So far, you've seen how different things affect how much the average driver pays to insure a Porsche Cayman. But if you're considering buying a new vehicle and the Cayman is one you're thinking about, having a good idea of exactly what you'll pay is extremely valuable as you weigh your options.

2022 Porsche Cayman Car Insurance

   
Liability Only Avg. Premium$24
Base MSRP$60,500
Cheapest Insurance CompanyMercury - $24/mo.
Available TrimsBASE/T, GT4, GTS, S

When considering a brand new Porsche Cayman, there's more to choose from than just color. A 2022 Porsche Cayman starts at about $60,500 for the base model, with four different trim levels to pick from.

When it comes to insurance, it costs around $24 per month, on average, to insure a 2022 Porsche Cayman for liability only and undefined a month for full coverage. And if you want the lowest insurance possible, Mercury offers liability only policies for as cheap as just $24 monthly.

Although it's great to know the average price drivers pay for insurance, you'll only find out exactly what you'll pay if you get a personalized quote. Luckily, with Compare.com you can compare quotes from lots of carriers at once, all for free. Just enter your ZIP code below, answer a few questions, and unlock your best rates in minutes.

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2021 Porsche Cayman Car Insurance

   
Liability Only Avg. Premium$46
Full Coverage Avg. Premium$238
Base MSRP$59,900
Cheapest Insurance CompanyMercury - $25/mo.
Available TrimsBASE/T, GT4, GTS, S

If you're looking to buy a 2021 Cayman or already own one, you can expect an average auto insurance price of about $238 for full coverage or $46 for a liability only policy.

And if you're just looking for the cheapest car insurance for your Cayman, Mercury offers liability only policies for as little as $25 per month.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get free quotes in minutes.

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2020 Porsche Cayman Car Insurance

   
Liability Only Avg. Premium$31
Full Coverage Avg. Premium$191
Base MSRP$57,500
Cheapest Insurance CompanySafeAuto - $29/mo.
Available TrimsBASE/T, GT4, S/GTS

The average cost to insure a 2020 Cayman with liability only coverage is $31 a month, while full coverage runs around $191 monthly.

Looking for the most affordable policy? SafeAuto offered liability only coverage for as low as $29 per month.

Want something more accurate than nationwide averages? Get multiple free customized quotes by just entering your ZIP code below.

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2019 Porsche Cayman Car Insurance

   
Liability Only Avg. Premium$42
Full Coverage Avg. Premium$195
Base MSRP$56,900
Cheapest Insurance CompanyShelter Mutual - $41/mo.
Available TrimsBASE/T, S/GTS

On average, drivers who own a 2019 Porsche Cayman can expect to pay $42 to $195 a month for liability only and full coverage insurance, respectively.

Shelter Mutual has rates as low as just $41 monthly for the 2019 Porsche Cayman.

These average prices are a great starting point if you're in the market for a 2019 Porsche Cayman, but there are multiple different variables that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

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2018 Porsche Cayman Car Insurance

   
Liability Only Avg. Premium$45
Full Coverage Avg. Premium$247
Base MSRP$55,300
Cheapest Insurance CompanyMercury - $22/mo.
Available TrimsCAYMAN, S

It costs about $45 per month for liability or $247 for a full coverage policy for the 2018 Cayman.

Mercury offered the lowest policy we found, with rates as little as just $22 a month.

Want to find the cheapest rates? Just enter your ZIP code below to get a variety of customized quotes for free.

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2017 Porsche Cayman Car Insurance

   
Liability Only Avg. Premium$30
Full Coverage Avg. Premium$138
Base MSRP$53,900
Cheapest Insurance CompanyLiberty Mutual - $28/mo.
Available TrimsCAYMAN, S

You can expect full coverage for a 2017 Porsche Cayman to run around $138 monthly, while liability only coverage will average about $30 per month.

If you're looking for the lowest possible 2017 Porsche Cayman insurance policy, Liberty Mutual offered the most affordable policy we found, with rates as cheap as $28 a month.

And if you want more accurate rates tailored specifically to you, just enter your ZIP code below and get free quotes in minutes.

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2016 Porsche Cayman Car Insurance

   
Liability Only Avg. Premium$89
Full Coverage Avg. Premium$235
Base MSRP$52,600
Cheapest Insurance CompanyPlymouthRockNJ - $27/mo.
Available TrimsCAYMAN, GT4, S/GTS

2016 Cayman drivers can expect to pay an average of $89 monthly for liability or $235 for full coverage.

With premiums as cheap as just $27 a month, PlymouthRockNJ offered the cheapest policy we found for the 2016 Porsche Cayman.

If you want to know just how much your premium will be, just enter your ZIP code below and get free quotes in minutes.

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2015 Porsche Cayman Car Insurance

   
Liability Only Avg. Premium$41
Full Coverage Avg. Premium$163
Base MSRP$52,600
Cheapest Insurance CompanyMercury - $20/mo.
Available TrimsCAYMAN, S/GTS

On average, drivers who own a 2015 Porsche Cayman can expect to pay $41 to $163 monthly for liability only and full coverage auto insurance, respectively.

We found Mercury offered the lowest policy, with rates as cheap as $20 per month.

Want to know exactly what your car insurance rate will be? Enter your ZIP code below to get several free personalized quotes.

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2014 Porsche Cayman Car Insurance

   
Liability Only Avg. Premium$99
Full Coverage Avg. Premium$231
Base MSRP$52,600
Cheapest Insurance CompanyMercury - $22/mo.
Available TrimsCAYMAN, S

The average cost to insure a 2014 Cayman with liability only coverage is $99 a month, while full coverage runs around $231 monthly.

With rates as low as just $22 per month, Mercury offered the cheapest policy we found.

If you want to know just how much your price will be, get free quotes in minutes by just entering your ZIP code below.

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2012 Porsche Cayman Car Insurance

   
Liability Only Avg. Premium$46
Full Coverage Avg. Premium$235
Base MSRP$51,900
Cheapest Insurance CompanyClearcover - $26/mo.
Available TrimsCAYMAN, R/S

You can expect full coverage for a 2012 Porsche Cayman to run about $235 monthly, while liability only coverage will average around $46 a month.

Clearcover offered the lowest policy we found, with rates as little as just $26 per month.

If you want to know exactly how much you can expect to pay for your Cayman, just enter your ZIP code below and get free quotes in minutes.

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2011 Porsche Cayman Car Insurance

   
Liability Only Avg. Premium$57
Full Coverage Avg. Premium$183
Base MSRP$51,900
Cheapest Insurance CompanyMetLife - $33/mo.
Available TrimsCAYMAN, S

2011 Cayman drivers can expect to pay an average of $57 monthly for liability or $183 for full coverage.

We found MetLife offered the most affordable policy, with rates sometimes as little as $33 a month.

Want something more accurate than national averages? Just enter your ZIP code below to get lots of personalized quotes for free.

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2010 Porsche Cayman Car Insurance

   
Liability Only Avg. Premium$63
Full Coverage Avg. Premium$239
Base MSRP$51,400
Cheapest Insurance CompanySafeco - $24/mo.
Available TrimsCAYMAN, S

It costs about $63 per month for liability or $239 for a full coverage policy for the 2010 Porsche Cayman.

Looking for the cheapest policy? Safeco offered liability only coverage for as little as $24 monthly.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.

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Porsche Cayman Insurance FAQs

Is a Porsche Cayman expensive to insure?

Liability insurance runs an average of $64 per month, while full coverage will cost you around $213. When compared to the national average of all cars, prices come in on the more expensive end of the spectrum.

How can I get the best price on car insurance for my Porsche Cayman?

The only way to make sure you're getting the lowest price on insurance is to regularly shop around and compare quotes from numerous companies. A good rule of thumb is to get quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from many carriers at once, meaning you can find the most affordable rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my Porsche Cayman affect my insurance prices?

You might have heard the old adage that it costs more to insure a red car than cars of other colors, but that's actually not the case. Even though there are many factors car insurance companies examine when they calculate how much you'll pay, the color of your vehicle is not used to make that determination.

Do I need to have insurance before I buy a Porsche Cayman?

You'll need to have valid auto insurance for your Cayman before you can legally drive your it off the dealership lot. Some dealerships may offer you an insurance policy as part of the car-buying process, but the best thing to do when buying a a new car is to talk with your car insurance carrier beforehand.

What car insurance discounts can I get for my Porsche Cayman?

You will find a variety of different discounts out there when it comes to auto insurance. Many of them (like "multi-policy discounts" and "pay-in-full discounts") are based less on your Porsche Cayman and more on you, but if your Cayman has safety features like anti-lock brakes, airbags, anti-theft systems, and other features, it may be eligible for certain discounts. The only way to find out which discounts you might get is to reach out to your insurance company and ask about their list of discounts.

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