Is it expensive to insure a Porsche Cayman?

Insurance for a Porsche 718 Cayman is expensive, averaging around $3,796 per year or $316 per month for full coverage. Porsche 718 Cayman insurance costs 42 percent more than the national average.

Are Porsches more expensive to insure?

Porsches are more expensive to insure than most passenger cars for a few reasons. First, they're high-end sports cars manufactured for speed, which means a higher risk of crashes and a bigger repair bill if the car is damaged. In addition to their high value and potential for risky driving, Porsches are imported, meaning that their parts may be harder and more expensive to source, leading to longer and more expensive insurance claims.

How can I save money on Porsche Cayman insurance?

To save on your insurance premiums for a Porsche Cayman, start by shopping smart and comparing rates from multiple providers in your area. You may want to look at options from smaller local and regional insurers as well as big-name brands. It's also a good idea to look into discount opportunities, including discounts for safe driving that may offset the insurance risk associated with high-performance sports cars.

Car insurance for Porsche 718 Cayman

How much does it cost to insure a Porsche 718 Cayman?

On average, full coverage auto insurance for a Porsche 718 Cayman costs $3,796 per year or $316 per month. That's about 42 percent more than the national average, reflecting the Cayman's high value and potential for risky driving.

Driving style and price point aren't the only factors that can shape Porsche Cayman insurance costs. The trim level and upgrades (if any) on your Cayman, as well as personal rating factors like your age, location and driving history can all shift the bottom line when it comes to your insurance bill. Smart shopping can also help you adjust your rate by finding the carrier that best fits your needs and risk profile.

$3,796 Avg annual full coverage
insurance premium

$676 Avg annual min coverage
insurance premium

Manufacturer’s suggested retail price (MSRP): From $75,400

Trims available: 718 Cayman, 718 Cayman Style Edition, 718 Cayman S, 718 Cayman GTS 4.0, 718 Cayman GT4 RS

Repair costs

The Cayman's German engineering delivers a superior driving experience — and steep repair costs, since components must be imported. Consider looking for an insurer that will cover the full cost of OEM parts in post-collision repairs.

Safety features

Unlike more staid passenger cars, the Cayman has no standard driver assistance features. You can add certain safety tech, like blind-spot monitoring, as an optional upgrade, but the cost of repairing these components may add to your insurance bill.

Crash ratings

Like many sports cars, the Porsche 718 Cayman has no crash test ratings from organizations like the National Highway Traffic Safety Administration, Insurance Institute for Highway Safety and Euro NCAP.

Cheapest car insurance companies for a Porsche 718 Cayman

No individual insurance carrier consistently offers the best deal for all Porsche owners. That said, each company uses a different algorithm to set rates, meaning that you can find the cheapest insurance provider for your Porsche by comparing personalized rates from a number of different companies.

How much does it cost to insure a Porsche 718 Cayman?

The table below compares annual full coverage premiums for a 2023 Porsche 718 Cayman to the national average, revealing the carriers with the cheapest rates on average for this model.

2023 Porsche 718 Cayman car insurance premium by carrier


Nationwide	$1,978	- $1,818
Cincinnati	$2,249	- $1,547
Progressive	$2,367	- $1,429
Auto-Owners	$2,421	- $1,375
Travelers	$2,893	- $903

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Advertising disclosure

This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Other car insurance coverage for a Porsche 718 Cayman

No two Porsche owners have the exact same insurance needs. The amount of car insurance you need depends on your budget, personal priorities and driving style, as well as the assets you need to protect. You may want to work with a licensed insurance professional and consider some of the following options:

High liability limits: Your Porsche's liability limits should cover your assets in the event of an at-fault accident — a major risk in a high-performance sports car. If your auto insurer's maximum liability limits won't cover you, consider asking about an umbrella policy.
Uninsured/underinsured motorist coverage: If you live in an area with a high number of uninsured drivers, it may be a good idea to invest in coverage to help in the event of a crash with an uninsured or underinsured driver.
Medical coverage: Convertibles like the Cayman carry elevated medical risks in the event of a crash. Depending on what's available and required in your state, you may need to purchase personal injury protection (PIP) or medical payments (MedPay) coverage for your Cayman.

How to get a Porsche 718 Cayman car insurance quote

You can get an insurance quote for your car online, over the phone or in person, depending on the insurer. If you're in the market for a new vehicle, comparing quotes before you sign on the dotted line can help you determine how different models would fit into your budget. Here’s a step-by-step guide to gathering and comparing quotes:

Gather personal details: You’ll likely be asked to provide your name, address, date of birth and driver’s license number, as well as the make, model and year of your car — and potentially the vehicle identification number (VIN). If you haven't purchased a car yet, you may be able to get sample quotes by providing an agent with the make and model.
Use online quote tools: To expedite the process of shopping around, you might consider using comparison websites or apps that allow you to get quotes from multiple insurers at once. Alternatively, go directly to insurance company websites and use their online quote tools to receive personalized quotes.
Provide driver details and mileage: You could be asked for specific details about your vehicle, including add-on features or modifications. You might also need to provide your average annual mileage and how the vehicle is primarily used (e.g., for business purposes or personal use). Additionally, you’ll need to provide accurate information about all drivers who will be covered by the policy, including their driving history, age and relationship to you.
Review quotes: Compare the quotes you receive, paying attention to coverage options, limits, deductibles and overall cost. Insurance experts also recommend reviewing customer service scores, financial strength ratings, digital tools and customer reviews to get a holistic view of how a carrier will meet your needs.
Select carrier and apply: Choose the insurance policy that best fits your needs and budget. Complete the application process by providing any additional required information and making your first premium payment.

Compare Porsche 718 Cayman with other similar cars

Porsche 718 Cayman Avg annual full coverage premium $3,796 Read More	Porsche 718 Boxster Avg annual full coverage premium $3,635 Read More	Chevrolet Corvette Stingray Avg annual full coverage premium $3,502 See more models
Price (MSRP)
$75,400	$77,600	$68,300
NHTSA Safety rating The NHTSA uses a 5-star rating program to evaluate how vehicles perform in crash tests based on frontal, side and rollover collisions.
Not rated	Not rated	Not rated
Gas mileage
24 combined mpg	24 combined mpg	19 combined mpg
IIHS/HLDI Collision insurance losses The IIHS and HLDI collect data on how insurance losses for specific models compare to the average for all passenger vehicles. These results are adjusted for deductible and specifically for collision claim losses.
Substantially worse than average	Substantially worse than average	Substantially worse than average

Frequently asked questions

Insurance for a Porsche 718 Cayman is expensive, averaging around $3,796 per year or $316 per month for full coverage. Porsche 718 Cayman insurance costs 42 percent more than the national average.
Porsches are more expensive to insure than most passenger cars for a few reasons. First, they're high-end sports cars manufactured for speed, which means a higher risk of crashes and a bigger repair bill if the car is damaged. In addition to their high value and potential for risky driving, Porsches are imported, meaning that their parts may be harder and more expensive to source, leading to longer and more expensive insurance claims.
To save on your insurance premiums for a Porsche Cayman, start by shopping smart and comparing rates from multiple providers in your area. You may want to look at options from smaller local and regional insurers as well as big-name brands. It's also a good idea to look into discount opportunities, including discounts for safe driving that may offset the insurance risk associated with high-performance sports cars.

Bankrate utilizes Quadrant Information Services to analyze September 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates for our base profile are based on the following characteristics and full coverage limits with bundling and paperless billing discounts applied:

40 year old

Single male and female driver

2023 Toyota Camry

Primary vehicle

Good credit score

Clean driving record

Commutes 5 days

Bodily injury liability

$100,000 per person
$300,000 per accident

Property damage liability

$50,000 per accident

Personal injury protection

$100,000 per accident

Uninsured motorist bodily injury

$100,000 per person
$300,000 per accident

Collision deductible

$500

Comprehensive deductible

$500

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. These are sample rates and should only be used for comparative purposes. Your quotes will differ.

If otherwise specified, the base profile has been modified with the following driver characteristics:

Other profiles

Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.
Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.
Rates were calculated by evaluating our base profile with the following differences in mileage: 2K, 5K, 12K (base), 15K and 20K.
Unless otherwise stated, rates are for 2023 vehicle models. For new vs used vehicles, we included the following year in our calculations: 2013.
Rates were calculated by evaluating our base profile with the ages 18-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations. For teen drivers, rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy.
The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.
Rates were evaluated based on the following marital/family status: single (base), married, 40-year-old married man and woman. Marital status is not a rating factor in Hawaii and Massachusetts.