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Insurance: Is this a good thing?

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YOUR RESEARCHInsurance: Is this a good thing?

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POST 1Original post

Called the insurance company to add the Cayman. It seems they don't yet have a Cayman category. Went to download the insurance card and it's listed as a Cayenne. So, is this a good or bad thing for the insurance rate?

POST 2Original post

I'd say bad. But the replacement price is closer than a Boxster would be.

POST 3Original post

Did they at least give you a turbo?/fckeditor/editor/images/smiley/MWPX/regular_smile.gif

POST 4Original post

Insurance update. I called the insurance company back a few days after adding the Cayman to the policy and was told that the Cayman policy would cost more than the Cayenne policy. I told the guy to forget I ever called. Finally got the paperwork and I see that he left it listed as a Cayenne although the Insurance ID card shows a Cayman. Of course, the VIN is for a Cayman.

POST 5Original post

When I called my insurance company they didn't have the Cayman either, so we gathered it would be priced between an '06 Boxster S and an '06 911. Incidently this would put the price almost the same as my '01 911 C4.

POST 6Original post

State Farm did not have a quote for the Cayman S until this week. They had given me a quote based on the sticker price, and to my surprise, the quote dropped about $150 when they finally posted the Cayman S on their list of Porsche models.

POST 7Original post

My Cayman insurance was the same as my Honda CRV 1K per year. That is with Geico and they have the Cayman S listed. Russ

POST 8Original post

I have 21st Century. They mistakenly said Cayenne, but correctly put Cayman on the policy. The rates were only double that of my 81 911SC ... they just needed the VIN and the purchase price of the car, plus the coverage details ... LL

POST 9Original post

I am with USAA and they issued insurance specifically for the Cayman S. Interestingly, the rate for my E36 M3 with the same coverage was within $50 per year of cost of the Cayman insurance (Just over $1k/year). Things that make you say 'hmmmmmmm....'

POST 10Original post

Amica is my carrier and the rate was about the same as my other cars. Plus they rebate part of the premium each year.

POST 11Original post

USAA was contacted in advance and were aware of the Porsche Cayman, so with a purchase price and a VIN, I had my insurance card even before Cayman was released to me on Jan 14th. Fortunately, the coverage premium was just under $1K, but we were entitled to a bunch of discounts, eg. defensive driver credit, all the safety and security devices, more cars than drivers, multi car discount, low annual mileage over all cars, and on and on. But, we learned this year that USAA is penalizing older drivers by increasing premium costs at some age. This must be prevalent, but not mentioned. So you old coots better check on your insurance company; it may turn out you are paying close to what young drivers pay. Also, we learned that discrimation between personal use and use to and from work has disappeared. How about that?

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