How to Save on Porsche Cayman Insurance in Honolulu

Discount Porsche Cayman insuranceAre you sick of overpaying and want cheaper Porsche Cayman insurance in Honolulu? Nobody I know anticipates paying for insurance, especially knowing they could find better prices if they shop around.

It’s a known fact that auto insurance companies don’t want customers comparing rates. Insureds who shop around for cheaper rates will, in all likelihood, buy a different policy because of the good chance of finding a lower-cost company. Surprisingly, a recent survey revealed that people who shopped around saved over $865 annually compared to other drivers who never compared other company’s rates.

If saving the most money on insurance in Honolulu is the reason you’re reading this, then having some knowledge of how to choose a company and compare coverages can save time and make the process easier. Popular companies such as State Farm, GEICO and Farmers Insurance all claim big savings with ad campaigns and it can be hard to ignore the promise of big savings and find the best price available.

Take advantage of these ten discounts on Porsche Cayman insurance in Honolulu

Insurance is easily one of your largest bills, but you might find some hidden discounts that can help lower your rates. Some discounts will apply when you purchase, but a few must be inquired about before they will apply.Insurance discounts

While discounts sound great, it’s important to understand that many deductions do not apply to the entire policy premium. Most only cut specific coverage prices like medical payments or collision. So when it seems like you could get a free insurance policy, you won’t be that lucky.

The diagram below shows the difference between Porsche Cayman insurance rates with and without discounts applied to the policy rates. The data assumes a female driver, no accidents, no driving violations, Hawaii state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, marriage, safe-driver, homeowner, and claim-free discounts applied.

Some companies that may have these benefits include:

It’s a good idea to ask each company what discounts are available to you. Depending on the company, some discounts may not apply in Honolulu.

The easiest way to compare rates for Porsche Cayman insurance in Honolulu is to know the trick most insurance companies participate in online systems to give you rate quotes. The only thing you need to do is provide information including what you do for a living, if your license is active, types of safety features, and whether you are single or married. Your information is sent automatically to many of the top insurers and you get price estimates with very little delay.

To get price quotes for your Porsche Cayman now, click here and complete the form.

The companies in the list below are ready to provide free quotes in Hawaii. If the list has multiple companies, we recommend you visit two to three different companies to get the most affordable price.

Insurance coverage details

The rate table below showcases different insurance rates for Porsche Cayman models. Learning more about how insurance premiums are calculated can help drivers make smart choices when choosing a car insurance company.


Porsche Cayman Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $244 $518 $300 $18 $90 $1,170 $98
Cayman S 2-Dr Coupe $244 $578 $300 $18 $90 $1,230 $103
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Price estimates do not factor in Honolulu location which can lower or raise coverage prices substantially.

Auto insurance deductibles

The hardest decision when buying coverage is which deductibles should you choose. The following tables show the premium difference of buying low and high policy deductibles. The first rate table uses a $250 deductible for comp and collision and the second price chart uses a $500 deductible.


Porsche Cayman insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $284 $528 $264 $16 $80 $1,197 $100
Cayman S 2-Dr Coupe $284 $590 $264 $16 $80 $1,259 $105
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Porsche Cayman insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cayman 2-Dr Coupe $230 $426 $264 $16 $80 $1,016 $85
Cayman S 2-Dr Coupe $230 $476 $264 $16 $80 $1,066 $89
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Premium costs do not factor in specific Honolulu garaging location which can alter rates considerably.

Based on these figures, using a $250 deductible will cost in the ballpark of $16 more each month or $192 a year than opting for the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you normally go more than 16 months between claims, you would probably come out ahead if you decide on a higher deductible.

Illustration showing the impact of accidents and violations

The chart below demonstrates how speeding tickets and at-fault accidents raise Porsche Cayman insurance prices for different age categories. The premiums assume a married male driver, full coverage, $500 deductibles, and no discounts are factored in.

Gender-based auto insurance rates by age in Honolulu

The diagram below illustrates the comparison of Porsche Cayman auto insurance costs for male and female drivers. The rate quotes are based on a clean driving record, no claims, full coverage, $250 deductibles, drivers are not married, and no discounts are applied.

Porsche Cayman full coverage rates compared to liability only

The diagram below compares Porsche Cayman auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no claims or violations, $500 deductibles, drivers are single, and no discounts are applied to the premium.

When to drop comprehensive and collision coverage

There is no written rule for eliminating physical damage coverage on your policy, but there is a general guideline. If the annual cost of coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s say your Porsche Cayman settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after paying your deductible. If premiums are more than $700 a year to have full coverage, then you might want to consider buying only liability coverage.

There are some circumstances where eliminating full coverage is not financially feasible. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not remove full coverage.

You are unique and your insurance should be too

When choosing the right insurance coverage for your personal vehicles, there really is no one-size-fits-all type of policy. Your financial needs are unique.Higher deductibles save money

These are some specific questions might point out if your situation might need an agent’s assistance.

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, free and may give you better protection.

Exclusive and independent auto insurance agents

A small number of people still prefer to visit with an insurance agent and that is OK! Professional insurance agents are trained risk managers and give you someone to call. The biggest benefit of comparing insurance online is that you can obtain lower rates and still choose a local agent. Putting coverage with neighborhood agents is still important in Honolulu.

Insurance agency in HonoluluOnce you complete this form (opens in new window), the coverage information is transmitted to local insurance agents that give free quotes to get your business. It simplifies rate comparisons since you won’t have to visit any agencies as quotes are delivered immediately to you. If you need to compare prices from one company in particular, feel free to visit that company’s website and give them your coverage information.

Honolulu car insurance agents come in two flavors

When finding a local Honolulu insurance agency, it’s important to understand the different types of agents and how they can quote your rates. Agents are categorized either exclusive or independent (non-exclusive). Either can sell affordable insurance policies, but it’s a good idea to understand the difference in how they write coverage because it can impact the selection process.

Independent Agents

Agents that elect to be independent are not employed by one company so they can quote policies with an assortment of companies and get you the best rates possible. If they quote lower rates, they simply switch companies in-house and you stay with the same agent. If you need cheaper insurance rates, you definitely need to get rate quotes from a few independent agents in order to have the best price comparison.

Below are Honolulu independent agencies that may be able to provide rate quotes.


500 Ala Moana Blvd # 2303Honolulu, HI 96813(808) 534-7300View Map


1100 Ward Ave # Main, Honolulu, HI 96814, Honolulu, 96818Honolulu, HI 96818(808) 527-7777View Map


800 Bethel St # 200Honolulu, HI 96813(808) 538-6938View Map

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Exclusive Agencies

Exclusive agencies can only place business with one company like State Farm or Allstate. These agents are not able to provide rate quotes from other companies so always compare other rates. Exclusive agencies are well trained on sales techniques and that allows them to sell at a higher price point.

Listed below is a short list of exclusive agents in Honolulu who can help you get price quote information.

Scott Saito – State Farm Insurance Agent
1150 S King St #901dHonolulu, HI 96814(808) 946-8464View Map


841 Bishop St #203Honolulu, HI 96813(808) 531-9918View Map


2024 N King St #101bHonolulu, HI 96819(808) 842-5844View Map

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Finding a good car insurance agent shouldn’t rely on just the bottom line cost. A good agent in Honolulu will have answers to these questions.

Auto insurance coverages explained

Learning about specific coverages of a auto insurance policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and also any damage incurred to your Porsche Cayman.

Since many Hawaii drivers only purchase the least amount of liability that is required (Hawaii limits are 20/40/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive insurance – This coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as damage from flooding, damage from getting keyed, hitting a bird and rock chips in glass. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage – This coverage covers damage to your Cayman caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like sideswiping another vehicle, colliding with a tree, hitting a mailbox, rolling your car and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible on your Cayman to get cheaper collision coverage.

Liability insurance – Liability coverage provides protection from injuries or damage you cause to other people or property. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 20/40/10 that translate to $20,000 in coverage for each person’s injuries, a per accident bodily injury limit of $40,000, and a limit of $10,000 paid for damaged property. Some companies may use a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for claims like legal defense fees, funeral expenses, loss of income and medical services. How much coverage you buy is your choice, but it’s cheap coverage so purchase higher limits if possible. Hawaii state minimum liability requirements are 20/40/10 but drivers should carry more liability than the minimum.

The illustration below shows why minimum state limits may not provide adequate coverage.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like surgery, doctor visits, nursing services and X-ray expenses. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers you and your occupants in addition to being hit by a car walking across the street. PIP is not available in all states and may carry a deductible

What is YOUR best insurance company?

You just read quite a bit of information on how to save on Porsche Cayman insurance in Honolulu. The key thing to remember is the more price quotes you have, the higher your chance of finding the cheapest Porsche Cayman rate quotes. Consumers may even find the biggest savings come from some of the smallest insurance companies.

Insureds switch companies for a number of reasons such as questionable increases in premium, high prices, extreme rates for teen drivers and policy non-renewal. It doesn’t matter why you want to switch switching insurance companies is pretty easy and you might even save some money in the process.

Some insurance companies do not offer rate quotes online and most of the time these regional carriers only sell through independent agents. Budget-conscious Porsche Cayman insurance is available from both online companies and with local Honolulu insurance agents, and you need to price shop both to get a complete price analysis.

How to buy cheaper Porsche Cayman insurance in Honolulu

It takes a little time, but the best way to get cheaper Porsche Cayman insurance in Honolulu is to compare quotes once a year from different companies in Hawaii. Prices can be compared by completing these steps.

First, try to learn about car insurance and the things you can change to prevent expensive coverage. Many rating factors that result in higher prices such as at-fault accidents, careless driving, and a low credit score can be improved by making minor driving habit or lifestyle changes.

Second, quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like Progressive or Allstate, while agents who are independent can give you price quotes for a wide range of insurance providers. Start a quote

Third, compare the price quotes to your existing rates to see if cheaper Cayman coverage is available. If you find a lower rate and make a switch, make sure coverage does not lapse between policies.

Fourth, give notification to your current company to cancel the current policy and submit the required down payment along with the signed application for your new coverage. Don’t forget to safely store the certificate verifying coverage with the vehicle registration.

The critical component of shopping around is to use identical deductibles and limits on each quote and to quote with as many different insurance providers as possible. Doing this provides a fair rate comparison and a better comparison of the market.

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