Porsche 718 Insurance Cost for 2023

Is Porsche 718 insurance expensive?

We analyzed average insurance cost for the least expensive Cayman Coupe model up to the Cayman GT4 RS Coupe trim level to find out how the 2023 Porsche 718 ranks when compared to the entire sports car segment.

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How much is Porsche 718 car insurance?

Ranked 14th out of 26 vehicles in the sports car class for 2023, Porsche 718 insurance costs on average $2,334 yearly, or around $195 on a monthly basis. With the average sports car costing $2,476 a year to insure, the Porsche 718 could save around $142 or more annually.

The chart below displays average car insurance cost for a 2023 Porsche 718 using different driver ages and risk profiles.

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Chart Data Details: Average rates are for a 2023 model year Porsche 718 with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Porsche 718 trim levels.Data last updated on August 11, 2023
Porsche 718 Car Insurance Cost Summary
2023 Porsche 718 Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$5,274$440
Safe Driver Age 20$4,624$385
At-fault Accidents Age 40$3,258$272
Low Deductibles Age 40$3,128$261
Safe Driver Age 30$2,482$207
Safe Driver Age 40$2,334$195
Safe Driver Age 50$2,118$177
Safe Driver Age 60$2,080$173
Discount Rate Age 40$1,938$162
High Deductibles Age 40$1,926$161

Average car insurance rates for the 2017 to 2023 model years are shown below for both annual and semi-annual policy terms.

Porsche 718 Insurance Cost for 2017-2023 Models
Model Year and Vehicle Annual Rate 6-month Rate Monthly Rate
2023 Porsche 718$2,334$1,167$195
2022 Porsche 718$2,288$1,144$191
2021 Porsche 718$2,062$1,031$172
2020 Porsche 718$2,026$1,013$169
2019 Porsche 718$1,968$984$164
2017 Porsche 718$1,790$895$149

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Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 12, 2023
Porsche 718 Insurance Rates by Model Year

Which Porsche 718 model has the cheapest insurance?

With Porsche 718 insurance rates ranging from $2,048 to $2,634 annually for an average driver, the cheapest model to insure is the Cayman Coupe. The next cheapest trim level to insure is the Boxster Cabriolet at $2,168 per year. On average, plan on paying a minimum of $171 per month to insure the cheaper 718 models for full coverage.

For the higher-priced models, the three highest cost Porsche 718 models to insure are the Cayman GT4 Coupe, the Spyder, and the Cayman GT4 RS Coupe trim levels at an estimated $2,464,  $2,530, and $2,634 per year, respectively.

Average car insurance rates for a 2023 Porsche 718 are shown in the table below, plus a monthly budget amount, for each available trim level.

2023 Porsche 718 Insurance Cost by Trim Level
Porsche 718 Trim Level Annual Policy Six-Month Policy Per Month
Cayman Coupe$2,048$1,024$171
Boxster Cabriolet$2,168$1,084$181
Cayman T Coupe$2,176$1,088$181
Cayman S Coupe$2,214$1,107$185
Boxster T Cabriolet$2,290$1,145$191
Boxster S Cabriolet$2,322$1,161$194
Cayman GTS 4.0 Coupe$2,354$1,177$196
Boxster GTS 4.0 Cabriolet$2,460$1,230$205
Cayman GT4 Coupe$2,464$1,232$205
Spyder$2,530$1,265$211
Cayman GT4 RS Coupe$2,634$1,317$220

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Porsche 718, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 12, 2023
Porsche 718 Insurance Cost by Trim Level

Is Porsche 718 car insurance expensive?

The Porsche 718 ranks 14th out of 26 comparison vehicles in the 2023 sports car segment. The 718 costs an average of $2,334 per year for insurance and the class average cost is $2,476 annually, a difference of $142 per year.

When compared to top-selling vehicles in the sports car segment, insurance for a Porsche 718 costs $370 more per year than the Ford Mustang, $396 less than the Dodge Challenger, $34 less than the Chevrolet Camaro, and $332 more than the Subaru WRX.

The table below shows how average car insurance cost for a Porsche 718 compares to the entire sports car segment for the 2023 model year.

Insurance Cost Comparison: Porsche 718 vs Sports Cars
Rank Make/Model Insurance Cost Difference
1Mazda MX-5 Miata$1,672-$662
2Audi TT$1,876-$458
3Ford Mustang$1,964-$370
4BMW Z4$1,978-$356
5Subaru WRX$2,002-$332
6Nissan Z$2,032-$302
7Toyota GR Supra$2,066-$268
8Toyota GR86$2,092-$242
9BMW M2$2,102-$232
10Subaru BRZ$2,186-$148
11Chevrolet Corvette$2,234-$100
12BMW M3$2,282-$52
13Lexus RC F$2,330-$4
14Porsche 718$2,334--
15Chevrolet Camaro$2,368$34
16Mercedes-Benz AMG GT53$2,512$178
17Jaguar F-Type$2,600$266
18Porsche Taycan$2,656$322
19BMW M4$2,692$358
20Lexus LC 500$2,722$388
21Dodge Challenger$2,730$396
22Porsche 911$2,964$630
23Acura NSX$3,354$1,020
24Audi R8$3,468$1,134
25Mercedes-Benz SL 55$3,474$1,140
26Mercedes-Benz SL 63$3,698$1,364

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on August 12, 2023
Insurance Cost Comparison: Porsche 718 vs Sports Cars