Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Looking for a new or used Porsche 718 Cayman? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

Porsche 718 Cayman insurance facts

  • Average full coverage auto insurance premium: $217/month

  • Most affordable companies: Auto-Owners ($153/month) & GEICO ($158/month)

  • 718 Cayman car insurance cost vs. average rate: $277 more expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Porsche 718 Cayman by model year and auto insurer.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average Porsche 718 Cayman insurer costs by state:

Risk factors affecting Porsche 718 Cayman coverage rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on Porsche 718 Cayman coverage?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all Porsche models, you can get the following car insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

Porsche Luxury Automobile Brand

Porsche is a luxury automobile brand specializing in high-performance sports cars, SUVs, and sedans owned by Volkswagen Group. Porsche’s target market is high-income (150K+), 85% male and 15% female 40 years and older in the United States market. Currently, Porsche is targeting younger consumers from 25 to 40 years of age. Most Porsche customers reside in Arizona, CaliforniaFloridaNevadaNew Mexico, New York, Oregon, and Texas. All Porsche automobiles have never been crash test rated by the National Highway Traffic Safety Administration (NHTSA) or the Insurance Institute for Highway Safety (IIHS). The most popular models are the Panamera, Cayenne, and the Boxster.

Higher than average 718 Cayman repair costs equal higher insurance rates

Many consumers are attracted to Porsche automobiles for speed, luxury, and driver-assist technologies, such as the InnoDrive system. Specialized import repair shops sell automotive parts around the United States. According to Motor1, Porsche is one of the most expensive vehicles to maintain, and some customers claiming $400 for an oil change. Repair parts for ToyotaHonda, and Subaru can be 187 to 432% less expensive. Repairing a Porsche is higher than average since repair parts are more costly and not as available as popular vehicles. For this reason, many Porsche’s are going to have higher than average car insurance rates to similar cars in its class.

Fast depreciation for Porsche 718 Cayman affecting auto policies

Most Porsche models have higher than average depreciating value, except for the Panamera, affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all Porsche models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

No IIHS and NHTSA safety ratings increasing coverage rates for drivers

Porsche vehicles have never been crash-test rated, which increases car insurance rates for drivers. Porsche’s are known for their excellent safety features such as Porsche Active Safe or PAS to reduce the effects of a forward collision. With safety features and driver-assist technology (InnoDrive), drivers with a good driving record can get 10 to 15% driver discounts for passive restraints and safety features in Porsche models. With the lack of the Insurance Institute for Highway Safety (IIHS) “Top Safety Pick” and the NHTSA 5-star rating, Porsche customers are in the dark concerning safety and increased rates for automobile owners.

AutoInsureSavings.org licensed insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Porsche automobile owners when buying an insurance policy.

2021 Porsche 718 Cayman

Cheapest Insurance CompaniesAverage Annual Cost
Allied$3028
Allstate$2748
American Family$1935
Amica$3319
Auto-Owners$1836
Country Financial$2300
Direct Auto$2518
Erie$2045
Farmers$2379
GEICO$1899
Liberty Mutual$2278
Mercury$2697
MetLife$3015
Nationwide$2316
Plymouth Rock$2586
Progressive$2816
Safe Auto$2935
State Farm$2348
Tennessee Farmers$2618
Travelers$2468
USAA$2138

Compare all 2021 Porsche 718 Cayman rates

Average Cost to Insure Per Year

$2613

List Price

$59900

Trims Available

Base - S - GTS; Engine base: 300-hp turbocharged 2.0-liter flat-four - With Driver Assist Technologies - Adaptive cruise control, Parking assistance systems, Lane change assist, Traffic sign recognition, Traffic jam assistant, Light assistance systems with Porsche Active Safe (PAS) and Safety Features - Porsche Stability Management (PSM) Electronic Stability Control (ESC), ABS And Driveline Traction Control, Side Impact Beams, Dual Stage Driver And Passenger Seat-Mounted Side Airbags, ParkAssist Front And Rear Parking Sensors, Airbag Occupancy Sensor, Tire Specific Low Tire Pressure Warning

2020 Porsche 718 Cayman

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$2384
American Family$1885
Auto-Owners$1692
Erie$1811
Farmers$2153
GEICO$1739
Mercury$2326
MetLife$2680
Nationwide$1936
Progressive$2409
Safe Auto$2419
State Farm$2023
Tennessee Farmers$2278
Travelers$2240
USAA$1839
Vermont Mutual$2476

Compare all 2020 Porsche 718 Cayman rates

Average Cost to Insure Per Year

$2506

List Price

$57500

Trims Available

Base - S - GTS; Engine base: 300-hp turbocharged 2.0-liter flat-four - With Driver Assist Technologies - Adaptive cruise control, Parking assistance systems, Lane change assist, Traffic sign recognition, Traffic jam assistant, Light assistance systems with Porsche Active Safe (PAS) and Safety Features - Porsche Stability Management (PSM) Electronic Stability Control (ESC), ABS And Driveline Traction Control, Side Impact Beams, Dual Stage Driver And Passenger Seat-Mounted Side Airbags, ParkAssist Front And Rear Parking Sensors, Airbag Occupancy Sensor, Tire Specific Low Tire Pressure Warning

2019 Porsche 718 Cayman

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$2240
American Family$1926
Auto-Owners$1623
Direct Auto$2235
Erie$1720
Farmers$2046
GEICO$1645
Liberty Mutual$1835
MetLife$2536
Nationwide$1966
Progressive$2286
Safe Auto$2316
State Farm$2031
Tennessee Farmers$2188
Travelers$2148
USAA$1886
Vermont Mutual$2419

Compare all 2019 Porsche 718 Cayman rates

Average Cost to Insure Per Year

$2435

List Price

$56900

Trims Available

Base - S - GTS; Engine base: 300-hp turbocharged 2.0-liter flat-four - - With Driver Assist Technologies - Adaptive cruise control, Parking assistance systems, Lane change assist, Traffic sign recognition, Traffic jam assistant, Light assistance systems with Porsche Active Safe (PAS) and Safety Features - Porsche Stability Management (PSM) Electronic Stability Control (ESC), ABS And Driveline Traction Control, Side Impact Beams, Dual Stage Driver And Passenger Seat-Mounted Side Airbags, ParkAssist Front And Rear Parking Sensors, Airbag Occupancy Sensor, Tire Specific Low Tire Pressure Warning

2018 Porsche 718 Cayman

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1484
Acuity$ 1484
Allied$ 1488
Allied$ 1488
Arbella$ 1864
Arbella$ 1864
Country$ 1710
Country$ 1710
Erie$ 1434
Erie$ 1434
GEICO$ 1930
GEICO$ 1930
Nationwide$ 1640
Nationwide$ 1640
Plymouth Rock Insurance$ 1593
Plymouth Rock Insurance$ 1593
Southern Farm Bureau$ 1817
Southern Farm Bureau$ 1817
Tennessee Farmers$ 1499
Tennessee Farmers$ 1499
USAA$ 1624
USAA$ 1624
Vermont Mutual$ 1594
Vermont Mutual$ 1594

Compare all 2018 Porsche 718 Cayman rates

Average Cost to Insure Per Year

$ 2413

List Price

$ 55300

Trims Available

Base - S - GTS

2017 Porsche 718 Cayman

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1474
Acuity$ 1474
Allied$ 1510
Allied$ 1510
Arbella$ 1701
Arbella$ 1701
Country$ 1676
Country$ 1676
Erie$ 1399
Erie$ 1399
Nationwide$ 1699
Nationwide$ 1699
Plymouth Rock Insurance$ 1542
Plymouth Rock Insurance$ 1542
Southern Farm Bureau$ 1807
Southern Farm Bureau$ 1807
Tennessee Farmers$ 1501
Tennessee Farmers$ 1501
Texas Farm Bureau$ 1246
Texas Farm Bureau$ 1246
USAA$ 1762
USAA$ 1762
Vermont Mutual$ 1536
Vermont Mutual$ 1536

Compare all 2017 Porsche 718 Cayman rates

Average Cost to Insure Per Year

$ 1739

List Price

$ 53900

Trims Available

Base - S