Porsche Cayman Insurance Rates

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

Average premium for full coverage: $1,086

Policy rates broken down by type of insurance:

Price estimates include $500 deductible amounts, liability coverage up to 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 states and Cayman trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can make a big difference on the price of insurance. More rural locations are shown to have a lower frequency of physical damage claims than densely populated cities. The diagram below illustrates how geographic area affects insurance prices.

The examples above illustrate why it is important to compare rates quotes for a targeted area and risk profile, instead of making a decision based on average rates.

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

Additional Rate Analysis

The chart below illustrates average Porsche Cayman insurance rates for other coverage scenarios.

• The best discount rate is $653
• Raising to $1,000 deductibles will save approximately $980 each year
• The average rate for a good driver age 40 who has $500 deductibles is $1,086
• Using low $100 deductibles will increase the cost to $1,288
• Drivers who are prone to accidents and violations could pay up to $2,334
• Policy cost for full coverage for a 16-year-old driver can cost as much as $4,282

View Chart as Image

Insurance rates for a Porsche Cayman also range considerably based on your risk profile, the model year and trim level, and liability limits and deductibles.

Older drivers with a clean driving record and high deductibles may pay as low as $1,000 every 12 months on average, or $83 per month, for full coverage. Rates are much higher for teenagers, where even good drivers can expect to pay at least $4,200 a year. View Rates by Age

Your home state also has a big influence on Porsche Cayman insurance prices. A middle-age driver might find rates as low as $710 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,470 on average in Florida, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles can reduce rates by up to $310 annually, while buying higher liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $414 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying $1,300 to $1,800 extra every year, depending on your age. A high-risk auto insurance policy is expensive and can cost from 42% to 133% more than a normal policy. View High Risk Driver Rates

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 Cheaper Porsche Cayman Insurance

Finding cheaper rates on insurance for a Porsche Cayman consists of having a good driving record, maintaining good credit, being claim-free, and deciding if full coverage is necessary. Invest the time to compare rates every time your policy renews by quoting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The next list is a condensed summary of the information presented in the illustrations above.

• It is possible to save approximately $120 per year just by quoting early and online
• Drivers age 20 and younger are charged the highest rates, possibly costing $357 each month for full coverage
• Increasing comprehensive and collision deductibles can save around $300 each year
• Drivers considered higher risk with multiple at-fault accidents pay on average $1,250 more annually to buy Porsche Cayman insurance
• Insureds who want increased levels of liability coverage will pay an extra $510 annually to raise from a 30/60 limit to 250/500 limits