Porsche Cayman Insurance Rates

The average insurance rates for a Porsche Cayman are $1,086 a year including full coverage. Comprehensive costs on average $198, collision costs $270, and liability insurance is $460. Buying just liability costs around $510 a year, with insurance for high-risk drivers costing around $2,334. Teenage drivers cost the most to insure at $4,282 a year or more.

Average premium for full coverage: $1,086

Policy rates by type of insurance:

Estimates include $500 policy deductibles, minimum liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for all Cayman models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on car insurance rates. Rural areas are shown to have lower incidents of comprehensive and collision claims than densely populated cities.

The example below illustrates how rural and urban location affects car insurance rates.

The examples above highlight why everyone should compare rates quotes based on a specific location, rather than relying on average rates.

Use the form below to get customized rates for your location.

Detailed Rate Analysis

The chart below breaks down estimated Porsche Cayman insurance rates for different risk profiles and scenarios.

• The best discount rate is $653
• Raising to $1,000 deductibles will save around $106 every year
• The estimated price for a good driver age 40 with $500 deductibles is $1,086
• Using pricier low deductibles bumps up the cost to $1,288
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,334 or more
• Policy cost that insures a teen driver for full coverage may cost $4,282

View Chart as Image

Insurance rates for a Porsche Cayman also range considerably based on the model of your Cayman, your driving record and age, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you are likely paying at a minimum $1,300 to $1,800 extra every year, depending on your age. Porsche Cayman insurance for high-risk drivers is expensive and can cost anywhere from 42% to 133% more than a normal policy. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles could pay as little as $1,000 every 12 months on average, or $83 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records can expect to pay upwards of $4,200 a year. View Rates by Age

Your home state also has a big influence on Porsche Cayman insurance rates. A middle-age driver might find rates as low as $830 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,550 on average in Michigan, New York, and Louisiana.

View Chart as Image

Using high physical damage deductibles can reduce rates by up to $310 each year, whereas buying more liability protection will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $414 more per year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out exactly what you will pay is to regularly compare rates from as many companies as possible. Every auto insurance company uses a different method to calculate rates, so the rates will be varied.

Insurance Rates by Trim Level and Model Year

Rates assume 2008 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find Low Cost Porsche Cayman Insurance

Finding cheaper rates on Porsche Cayman insurance consists of being a good driver, having above-average credit, paying for small claims out-of-pocket, and bundling your home and auto policies. Compare prices every couple of years by requesting rates from direct car insurance companies, and also from insurance agencies where you live.

The following list is a review of the material that was raised in the charts and tables above.

• Drivers who require an increased level of liability coverage will pay an extra $510 per year to raise from a 30/60 limit to the 250/500 level
• Drivers age 16 to 20 pay the highest rates, with premiums being up to $357 each month if full coverage is included
• High-risk drivers who have several accidents or serious violations could be forced to pay on average $1,250 more each year than a safer driver
• Increasing comprehensive and collision deductibles can save approximately $300 each year