Best Cheap Car Insurance Companies in Tampa
In Tampa, Fla., the top five car insurance options are Geico, State Farm, Travelers, AIG and Progressive. These companies provide auto insurance premiums that are lower than the averages for both minimum and full coverage in the city. They also boast exceptional customer service and high-quality insurance coverage options.
Keep reading: Cheap Car Insurance
Unless stated otherwise, the following cost tables show average rates for the driving profile of a 35-year-old married driver with good credit and a clean driving history.
How Much Is Car Insurance in Tampa?
Our data shows that the average cost of car insurance for minimum coverage in Tampa, Fla., is about $159 per month or $1,908 per year. This is about 205% more than the national average of $52 per month or $625 per year. Similarly, full-coverage car insurance costs $344 per month or $4,127 per year on average, which is about 106% more expensive than the national average of $167 per month or $2,008 per year for full coverage.
Cheapest Liability Car Insurance in Tampa
Geico offers the cheapest liability insurance, with average rates of $50 per month or $604 per year. State Farm is the second-cheapest option in Tampa, Fla., with average rates of $77 per month or $920 per year.
Liability coverage is the minimum coverage required by the state of Florida. According to Florida law, all drivers must either meet or exceed the following minimum car insurance requirements:
Cheapest Full-Coverage Car Insurance in Tampa
A full-coverage car insurance policy can be pricey in Tampa, Fla. Full coverage includes liability plus comprehensive coverage and collision coverage, which protect against damage to your vehicle in a variety of situations. Geico is the cheapest full-coverage option with average rates of $174 per month or $2,090 per year.
Tampa Car Insurance Quotes by Driver Profile
Car insurance rates are determined by multiple factors, and the lowest-priced provider for one Tampa driver may not be the most affordable option for another. This section takes a closer look at the average auto insurance premiums in Tampa, Fla., based on various factors of driver profiles, including age, credit score, driving history and ZIP code.
Tampa Car Insurance Cost by Age
Teens are charged higher car insurance premiums than other age groups for their stronger likelihood of practicing unsafe behaviors behind the wheel and disregarding traffic laws. Our data shows 16-year-olds pay about $576 per month or $6,914 per year for Tampa auto insurance.
As drivers progress into their 20s, the typical expenses of car insurance continually reduces until they hit middle age. Here are the average minimum-coverage car insurance costs for different age brackets in Tampa, Fla.:
Cheapest Car Insurance in Tampa: Teen Drivers
Car insurance for teens is expensive, but some providers tend to be more affordable than others. Our data shows Geico is the cheapest car insurance company for teen drivers with minimum-coverage rates as low as $143 per month or $1,719 per year. State Farm, National General and Travelers also offer affordable premiums for Tampa teens.
Tampa Car Insurance Cost by Credit Score
Across most states (including Florida) car insurers can use your credit history to decide your overall premium cost. If you don’t have the best credit history, you’ll be paying higher rates than average. With a good credit score and a clean driving record, you’re more likely to pay cheap-than-average prices for your auto coverage — especially if you’re over the age of 25.
If you’re in your early 20s or below, you may still find significant auto insurance costs, regardless of your credit score.
Cheapest Car Insurance in Tampa: Poor Credit
Our rate data shows Geico is the cheapest option for car insurance for bad credit in Tampa, Fla. The company offers minimum-coverage policies to drivers with poor credit for rates of $95 per month or $1,142 per year. This is 8% less than the overall state average for minimum coverage for good credit.
Tampa Car Insurance Cost by Driving Record
People who have previously received traffic violations, been involved in collisions or convicted of driving under the influence (DUI) should anticipate higher prices for their automobile insurance. On average, speeding can increase your rates by 95%, an at-fault accident by 125% and a DUI by 109%.
The price hike differs from one company to another. Our research shows that State Farm may be the ideal affordable choice for individuals with past driving offenses. The table below shows average rates by company for drivers who have either a speeding ticket, accident or DUI on their record.
Keep reading: Insurance rates for high-risk drivers
Cheapest Car Insurance in Tampa: Speeding Ticket
According to our data, State Farm offers the cheapest rates to drivers who have a speeding ticket on their records — $84 per month or $1008 per year. Geico follows close behind with an average monthly rate of $91, while Travelers, AIG and Allstate round out the top five options for cheap speeding ticket car insurance in Tampa.
Cheapest Car Insurance in Tampa: At-Fault Accident
A record of being responsible for a car accident in your driving history can result in higher rate hikes than receiving a ticket for speeding. Geico and State Farm are the cheapest options here with average rates of about $75 per month and $92 per month, respectively. You can see some auto insurance companies charge significantly more for this amount for coverage after an accident.
Cheapest Car Insurance in Tampa: DUI
Driving under the influence of drugs or alcohol is a huge traffic violation that could easily raise your Tampa car insurance premiums by several hundred dollars annually. State Farm is very cheap compared to other insurance providers — offering average rates of $84 per month or $1,008 per year for drivers with a DUI. Geico, AIG and National General are also good options with rates under $163 per month on average.
Tampa Car Insurance Cost by ZIP Code
Insurance premiums can be affected by the rates of car-related claims in different areas of the city. Below, you can see certain ZIP codes in Tampa can be up to 13.9% cheaper or 6.5% more expensive than the city average.
Cheap Car Insurance in Tampa: Conclusion
Tampa drivers may face a hefty 54% increase in auto insurance premiums compared to the Florida state average and an even steeper 205% rise above the national average. However, there are still affordable companies to choose from.
Geico has the most budget-friendly minimum coverage in Tampa at around $50 per month and full-coverage rates as low as $174 per month. Compare free quotes to find the company that meets your Florida car insurance needs at the best rate. You can get auto insurance quotes online or from insurance agents.
Cheapest Auto Insurance in Tampa: FAQ
Here are some frequently asked questions about the cheapest auto insurance in Tampa:
*Cost data comes from Quadrant Information Services and is accurate at time of publication.