Most drivers pay between $2,400 and $3,800 per year, or around $200 to $315 per month, for full coverage car insurance on a Porsche Cayman. Your final price depends on your driving record, age, location, model year, coverage level, and the insurance company you choose.
The Porsche Cayman is a luxury sports car. Insurance companies see it as a higher risk vehicle compared to regular cars. It has strong acceleration, higher top speed, and expensive parts. Even small repairs can cost thousands of dollars. Because of this, insurers charge more to protect it.
That does not mean every Porsche Cayman owner pays the same rate. A driver with a clean record, good credit, and low yearly mileage may pay much less. Someone with tickets, accidents, or living in a busy city may pay much more. Where you live matters a lot. States with heavy traffic, higher theft rates, and expensive repairs usually have higher insurance prices.
Most Porsche Cayman owners choose full coverage insurance. Full coverage includes liability, collision, and comprehensive insurance. If you finance or lease your Cayman, your lender will require full coverage. Liability only insurance costs less, but it does not protect your car if you crash or if it gets stolen.
This guide explains Porsche Cayman insurance in clear and simple words. You will learn average costs, why insurance is expensive, how prices change by age and state, and how the Cayman compares to other sports cars. You will also learn how to lower your premium without risking your finances.
Average Porsche Cayman Insurance Cost in the USA
Insurance prices for a Porsche Cayman are higher than average, but they still vary widely.
Average Cost by Coverage Type
| Coverage Type | Average Yearly Cost | Average Monthly Cost |
| Full coverage | $2,400 to $3,800 | $200 to $315 |
| Liability only | $1,100 to $1,600 | $90 to $135 |
Full coverage is the most common choice. Liability only insurance is cheaper, but it leaves your Cayman unprotected from damage, theft, fire, or weather events.
According to national insurance data, sports cars cost about thirty to forty percent more to insure than midsize sedans. This difference comes from repair costs, accident severity, and claim payouts.
Why Porsche Cayman Insurance Costs More
Insurance companies price cars based on risk. The Porsche Cayman has several factors that increase risk.
High Repair Costs
Porsche parts are expensive. Labor costs more because fewer repair shops handle Porsche vehicles. Even a minor accident can result in a large claim.
Strong Performance
The Cayman has quick acceleration and sharp handling. Insurance companies link high performance cars to more severe accidents.
Luxury Classification
Luxury vehicles cost more to replace and repair. Insurers expect higher claim payouts.
Theft and Vandalism Risk
Luxury sports cars attract more theft and vandalism claims compared to regular vehicles.
Porsche Cayman Insurance Cost by Model Year
Newer models usually cost more to insure because they are worth more and have advanced technology.
| Model Year | Average Yearly Insurance Cost |
| 2014 to 2016 | $2,200 to $2,700 |
| 2017 to 2019 | $2,500 to $3,200 |
| 2020 to 2023 | $2,800 to $3,800 |
Older models may cost less, but they may lack safety features that help reduce insurance premiums.
Porsche Cayman Insurance Cost by Driver Age
Age plays a major role in insurance pricing.
| Driver Age | Average Yearly Cost |
| Under 25 | $4,000 to $6,000 |
| 25 to 34 | $2,900 to $4,000 |
| 35 to 54 | $2,400 to $3,200 |
| 55 and above | $2,300 to $3,000 |
Young drivers pay much more because insurers see them as higher risk. Rates usually drop after age thirty if the driving record stays clean.
Porsche Cayman Insurance Cost by State
Where you live affects your premium more than many people realize.
| State | Average Yearly Cost |
| California | $2,900 to $4,200 |
| Florida | $3,000 to $4,300 |
| Texas | $2,500 to $3,600 |
| New York | $2,800 to $4,100 |
| Ohio | $2,100 to $3,000 |
| Pennsylvania | $2,300 to $3,300 |
States with dense traffic, higher theft rates, and higher medical costs usually have higher insurance premiums.
Porsche Cayman vs Other Sports Cars Insurance Cost
Here is how the Porsche Cayman compares to similar sports cars.
| Vehicle | Average Yearly Insurance Cost |
| Porsche Cayman | $2,400 to $3,800 |
| Porsche 911 | $3,200 to $4,800 |
| Chevrolet Corvette | $2,300 to $3,400 |
| BMW M4 | $2,600 to $3,700 |
| Ford Mustang GT | $1,900 to $2,900 |
The Cayman costs less to insure than the Porsche 911 but more than many American sports cars.
What Coverage Is Best for a Porsche Cayman
Choosing the right coverage matters more with a luxury sports car.
Liability Coverage
Liability insurance pays for injuries and property damage you cause to others. Higher limits help protect your assets.
Collision Coverage
Collision insurance pays to repair or replace your Cayman after an accident.
Comprehensive Coverage
Comprehensive insurance covers theft, fire, hail, flooding, falling objects, and vandalism.
Gap Insurance
Gap insurance helps if your Cayman is totaled while you still owe money on a loan or lease.
Is Liability Only Insurance a Good Idea for a Porsche Cayman?
Liability only insurance costs less, but it is risky. It does not pay for damage to your Cayman if you crash or if the car gets stolen. For a high value car like the Cayman, full coverage is strongly recommended even if the car is paid off.
How Credit Score Affects Porsche Cayman Insurance?
Most states allow insurance companies to use credit based insurance scores. Drivers with strong credit often pay less. Poor credit can increase premiums even with a clean driving record.
How Mileage Affects Porsche Cayman Insurance?
Lower mileage often means lower risk. Some insurers offer discounts for low mileage drivers. If you drive your Cayman only on weekends or short trips, you may qualify for savings.
Ways to Lower Porsche Cayman Insurance Cost
You can reduce your premium without giving up protection.
- Bundle auto and home insurance
- Increase your deductible if you can afford it
- Maintain a clean driving record
- Ask for low mileage discounts
- Install anti theft devices
- Compare quotes every year
Can You Get No Down Payment Insurance for a Porsche Cayman?
Some insurers offer flexible payment plans, but luxury vehicles often require higher upfront payments. Approval depends on your credit score and insurer rules.
Is Porsche Cayman Insurance Worth the Cost?
Yes for most owners. The Cayman delivers strong performance, handling, and resale value. Insurance cost is part of owning a premium sports car. Cutting coverage to save money can lead to large financial losses later.
Frequently Asked Questions
Yes. Porsche Cayman insurance costs more than average due to high repair costs and performance risk.
Most drivers pay between $200 and $315 per month for full coverage.
Yes. The Cayman usually costs less to insure than the Porsche 911.
Yes. Higher trim levels with more power cost more to insure.
Yes, but drivers under 25 usually pay much higher premiums.
Yes. Urban areas and high theft states usually cost more.
Full coverage is required if the car is financed or leased.
Yes. Safe driving, higher deductibles, and shopping quotes help lower costs.
Final Thoughts
Owning a Porsche Cayman means higher insurance costs, but smart choices can keep premiums reasonable. Understanding what affects your rate helps you avoid overpaying. Comparing quotes, choosing the right coverage, and keeping a clean record make a real difference. Alias Insurance helps drivers compare free car insurance quotes from top providers in the USA, making it easier to protect your Porsche Cayman with confidence.
