Live Data · Refreshed Weekly

What a Car Costs in Cayman

The used-car market, tracked: asking prices across every live classified listing on the island, refreshed weekly, headlined by the Honda Fit index, Cayman's budget car as a single number. Plus what motorists actually pay for insurance, from official regulator data, and the fuel and duty picture.

Car Prices and Ownership Costs in the Cayman Islands

Daily.ky tracks every live vehicle listing on ecaytrade weekly. As of the latest scan there are 1,230 priced vehicles listed (CI$2,500 and up) with a median asking price of CI$12,800. By type: cars CI$8,500 median across 657 listings, SUVs CI$24,000 across 439, trucks CI$35,000 across 105. The Honda Fit, Cayman's iconic budget import, has 83 live listings with a median asking price of CI$8,500 (pre-2015 models around CI$5,950, 2018 and newer around CI$11,525). These are asking prices, not transaction prices.

Car insurance: per CIMA's audited domestic insurance statistics, Cayman motorists paid about CI$50,611,596 in motor premiums in 2024, roughly CI$1,091 per vehicle passing inspection (ESO data), up about 22% since 2019. That is an all-market average including commercial and comprehensive cover; published guidance for basic third-party cover on a mid-sized car is roughly CI$450 to CI$650 a year. In 2024 insurers paid CI$14,082,770 in motor claims against CI$26,498,940 earned, a 53% claims ratio. Import duty on most motor vehicles is 29.5% under the Customs Tariff Act. There is no vehicle sales data source in Cayman; delisting is used as a sold proxy.

The Honda Fit Index

The Fit is Cayman's default budget car and the densest single nameplate in the classifieds, which makes it our single-model price benchmark, the used-car market in one number.

Asking Prices by Vehicle Type

TypeLive listingsMedian asking

Car Insurance: the Official Numbers

Fuel and Import Duty

Methodology and sources
  • Listing prices are asking prices from live ecaytrade classifieds, refreshed weekly, not final transaction prices. Listings under CI$2,500 (parts, scrap) are excluded from medians. A listing disappearing is our best available proxy for a sale.
  • Honda Fit index: every live listing whose title identifies a Honda Fit, banded by model year.
  • Insurance: motor gross written premiums from CIMA's audited domestic insurance statistics divided by vehicles passing DVDL inspection (ESO Compendium, Table 17.02). This is an all-market average per vehicle, including commercial fleets and comprehensive cover; it is not an individual quote. The consumer third-party range shown is Cayman Resident's editorial estimate, attributed as such.
  • Import duty: 29.5% for most motor vehicles under the Customs Tariff Act.
  • Fuel price is the live Daily.ky fuel index average (self-serve regular).

Source: Daily.ky weekly listings monitor · CIMA · ESO · OfReg fuel data

Frequently Asked Questions: Cayman Islands

How much does a used car cost in the Cayman Islands?

Daily.ky tracks every live vehicle listing on the island weekly. Typical asking prices: used cars around a CI$8,000-9,000 median, SUVs around CI$24,000, trucks around CI$35,000. Decent runabouts start around CI$4,000-6,000. Prices sit above US levels largely because import duty on most vehicles is 29.5%.

How much is a Honda Fit in Grand Cayman?

The Honda Fit is Cayman's default budget car, so Daily.ky publishes a single-model Fit index from live listings: recently around a CI$8,500 median across 80+ live listings, with pre-2015 models near CI$6,000 and 2018-or-newer imports near CI$11,500.

How much is car insurance in the Cayman Islands?

Official CIMA data shows Cayman motorists paid about CI$50.6M in motor premiums in 2024, roughly CI$1,100 per licensed vehicle, up about 22% since 2019. That is an all-market average; published guidance puts basic third-party cover on a mid-sized car at roughly CI$450-650 a year.

What is the import duty on a car in the Cayman Islands?

29.5% of the vehicle's value for most motor vehicles under the Customs Tariff Act, which is why 'newly imported, duties paid' matters in listings and why used prices in Cayman run above US levels.