Who Has Affordable Auto Insurance Rates for Teenage Males in Tampa?

The words “affordable” and “auto insurance” really shouldn’t be used together, specifically when you are shopping around for the best coverage prices for teenage males. Because it’s not cheap, let’s familiarize you with some situations the can have a considerable influence on auto insurance premiums, and see if you can shave a little off the next policy you buy.

One of the many considerations that help determine the cost of insurance is where your residence is in Tampa. Areas with more people or higher crime rates will most likely have higher rates, whereas less populated areas have the enjoyment of a little cheaper coverage.

The following table shows the most expensive places in Florida for teenage males in which to buy car insurance. Tampa shows up at #5 with an annual cost of $2,636 for car insurance, which is around $220 monthly.

Car insurance prices in Tampa
Rank City Average Per Year
1 Hialeah $3,630
2 Miami $3,241
3 Miami Gardens $3,149
4 Miami Beach $2,953
5 Tampa $2,636
6 Hollywood $2,604
7 Miramar $2,603
8 West Palm Beach $2,599
9 Fort Lauderdale $2,576
10 Pompano Beach $2,543
11 Coral Springs $2,474
12 Davie $2,448
13 Pembroke Pines $2,407
14 Brandon $2,392
15 St. Petersburg $2,263
16 Clearwater $2,260
17 Spring Hill $2,123
18 Orlando $2,090
19 Jacksonville $1,960
20 Port St. Lucie $1,916
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Premium amounts are estimated as specific location information can impact rates significantly.

Shopping around for reasonably-priced auto insurance is not the easiest thing to accomplish, and finding out which company quotes the cheapest insurance rates for teenage males calls for even more work.

Each auto insurer uses their own method for setting rates, so let’s rank the most budget-friendly insurance companies in Tampa.

Best Car Insurance Prices for Teens

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Cheapest insurance companies in Florida
Rank Company Cost Per Year
1 USAA $977
2 Electric $1,694
3 Amica $1,694
4 Progressive $1,793
5 Travelers $1,869
6 Mercury $1,914
7 Allied $1,945
8 State Farm $2,047
9 Esurance $2,102
10 Auto-Owners $2,149
11 GEICO $2,150
12 21st Century $2,397
13 Allstate $2,411
14 Windhaven Insurance $2,653
15 Safeco $2,898
16 MetLife $2,988
17 Hanover $3,024
18 Liberty Mutual $3,101
19 United Automobile $3,457
20 Direct General $3,902
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USAA may have some of the most affordable car insurance rates in Tampa at around $977 annually. This is $1,471 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also are some of the best Tampa, FL insurance companies.

As shown above, if you are a policyholder with Amica and switched to USAA, you might realize an annual savings of upwards of $717. Insureds with Progressive could save as much as $816 a year, and Travelers policyholders might reduce rates by $892 a year.

To find out how your current rates compare, click here to get a free quote or quote prices from the following companies.

These prices are averages across all drivers and vehicles and and are not figured with a specific zip code for teenage males. So the car insurance company that has the cheapest price for you may not even be in the list above. That underscores the importance of why you need to get rate quotes using your own driver data and vehicle information.

Tampa insurance companies ranked

Picking a highly-rated auto insurance provider can be difficult considering how many companies provide coverage in Florida. The ranking data in the next section may help you pick which coverage providers to look at shopping prices with.

These rankings are for companies that insure vehicles across America, so smaller regional companies will not be included in this list. To compare prices from these and other competitive companies, follow this link.

Top 10 Major Auto Insurers in Tampa Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

How accidents and violations affect rates

The recommended way to earn the cheapest insurance rates for teen boys is to be an attentive driver and avoid accidents and traffic violations. The example below shows how traffic citations and accident claims can drive up car insurance costs for each age group. The data assumes a single male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

In the previous chart, the average cost of auto insurance in Tampa per year with no accidents or violations is $2,147. Get two speeding tickets and the average cost hikes up to $2,844, an increase of $697 each year. Then include two accidents along with the two speeding tickets and the 12-month cost of insurance for teenage males goes up to an average of $5,444. That’s an increase of $3,297, or $275 per month, just for a couple of infractions!

Your low-price policy may be costing you money

Florida insurance rates are impacted by many factors which can substantially change the cost of having a policy. Improving your credit score, buying a new vehicle, or getting a driving violation can trigger price changes that can cause some rates to be cheaper than competitors. In addition to those changes, auto insurance companies modify pricing every year or even multiple times each year to help ensure profitability. Higher than normal claims can cause increased rates, while profitable underwriting may produce cheaper Tampa car insurance rates.

To help illustrate this point, the bar chart below shows rates for the cheapest car insurance in Tampa, FL for a 35-year-old male driver with no accidents or violations, and good financial standing. If we estimate prices based on his personal profile, USAA may offer the lowest car insurance rates in Tampa at $1,502 a year. This is $946 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Allied are also on the list of the best Tampa, FL auto insurance companies.

In the next rate comparison, we’ll give the driver in the first chart a claim surcharge, poor credit, and a traffic citation. Since every car insurance company has a different formula to determine rates, comparing prices could now result in a different list of affordable Tampa car insurance companies as shown below.

USAA now has the best insurance rate in Tampa with Mercury, Esurance, State Farm, and Auto-Owners completing the list. This example shows why it is so important to shop around when trying to get the most affordable auto insurance rates for teenage males.

Insurance rates are influenced by many things and change dramatically, so the most affordable company three years ago may now be quite expensive.