The Cayman has been the cheapest Porsche supercar ever since launching in 2005, but still it has been a fantastic ride the entire time. Its latest versions have adopted smaller engines in order to meet new emission targets, but the Cayman continues to offer a thrill drive for a relatively affordable supercar price. Of course, it costs a lot compared to the average vehicle, and that’s the case for insuring the vehicle too. In this guide, you’ll find out how much it costs to insure based on the age and location of the driver.
What insurance group does the Porsche Cayman fall under?
All vehicles are assigned a specific insurance group from 1 (cheapest) to 50 (most expensive) and this helps determine the cost of your premium. You’ll find a Porsche Cayman in insurance groups 42 to 46, meaning it hovers way above the average cost of insuring a vehicle. As an example, a 30-year-old driver in an average postcode could pay around £2,182 for cover on a Porsche Cayman 2.7 2d that is in insurance group 42 or around £1,797 for a Porsche Cayman 3.4 S Black Edition 2d PDK that is in insurance group 46. This is clear impact of the premium pricing that occurs when one car is in a much higher insurance group.
These rates are based on the average cost of cover for cars in the insurance groups shown, for drivers of different ages with a Newcastle (NE1) postcode, which our research suggests represents an average for insurance rates in the UK. Updated: June 2024 (source: Confused).
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Among the other factors that affect the cost of your car insurance premiums, one of the most important is your location.
To demonstrate the power of the postcode, here are some average quotes for a 30-year-old living in three different locations. The quotes are for a Porsche Cayman 3.4 S PDK 2d.
Expensive: £6,019 (London SE1)
Average: £2,447 (Newcastle NE1)
Cheap: £2,083 (Galashiels TD1)
These rates are based on the average cost of cover for cars in the locations shown. Our research suggests SE1 is one of the most expensive locations, NE1 represents an average cost location and TD1 represents one of the cheapest locations. Updated: June 2024 (source: Confused).
Which factors affect my Porsche Cayman insurance rate?
Along with insurance group, there are various other factors that have a big impact on your insurance premium costs:
Engine type and capacity. In general, the larger the engine, the more you’ll pay for your car insurance. For example, it may cost £9,638 for insurance for a Porsche Cayman 2.7 2d, while you may pay £6,283 for a Porsche Cayman 3.4 S Black Edition 2d PDK. That’s an extra £29 per year for a Porsche Cayman with an engine that’s 0.7 litres bigger.
Driver location. Insurers use your home address to determine the level of risk that your car may be stolen or involved in an accident, and this affects the cost of insurance. For example, a 30-year-old in central London may pay £6,019 for insurance for a Porsche Cayman 3.4 S 2d, while the same 30-year-old in Newcastle may only pay £2,447. That’s an extra £162 per year to insure the same vehicle if you move from Newcastle to London.
Driver age. The youngest drivers will pay the most for car insurance because they are the most likely to make a claim. As an example, the average 20-year-old driver in London may pay £33,108 for the Porsche Cayman 3.4 R PDK 2d, while the average 40-year-old Londoner will only pay £5,278. In this example, the younger driver would have to pay almost double to insure this vehicle.
Other factors that influence the cost of your insurance include:
When searching for insurance, you’ll want to find the best deal for a price that’s within your budget. With that in mind, here are some ideas to lower the cost of your premium.
Limit your annual mileage (where possible). The less you use your car, the lower your premium will be. So, consider if it’s possible to occasionally travel by foot or public transport, rather than using your car.
Pay annually rather than monthly. When you pay annually, you eliminate the possibility of being charged interest on monthly repayments.
Install extra safety precautions. By adding extra safety measures, you make your car less of a risk for companies to insure. That’s why many insurers are happy to lower your premium when you do so.
Shop around for the best deal. Don’t blindly settle for the renewal price given to you; there is likely to be cheaper options out there.
Frequently asked questions
Depending on the model version, you can expect a Porsche Cayman can reach top speeds of 170 miles per hour.
The Porsche Cayman hasn’t been crash-tested by Euro NCAP, but it is packed with safety features including airbags and adaptive cruise control.
The UK standard car tax rate sits at £150 per year. However, you might pay more or less depending on your car’s emissions.
You can buy a Porsche Cayman at dealerships, using online sellers or from a current owner.
Engine sizes range between 2.7 litres and 3.4 litres.
You can compare the costs of Porsche Cayman car insurance using any price comparison website.
Porsche Cayman models can be found in insurance groups ranging from 42 to 46. That means it will cost a lot more than the average vehicle to insure.
*Based on data provided by Consumer Intelligence Ltd, www.consumerintelligence.com (July ’24). 51% of car insurance customers could save £523.17
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Danny is a publisher at Finder specialising in insurance and investing. He previously worked at the global insurer Aon and has appeared in national media giving advice on insurance. Danny holds a BA in International Business from the University of Plymouth and has undying loyalty to his average-poor football team, Portsmouth FC. See full bio
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