What Car Insurance is Cheapest for Good Drivers in Tampa?

Finding dependable, low-priced auto insurance is not the easiest thing to do, and figuring out which company quotes the cheapest insurance rates for good drivers may require a little more work. Every auto insurer uses a slightly different approach to set premium rates, so first we will examine the insurance companies that tend to have lower prices in Tampa.

It’s important that readers know that Florida insurance rates are influenced by many factors which can significantly increase or decrease the price of coverage. Simply having a birthday, having a claim, or getting a reckless driving citation can trigger changes in premium that can cause some rates to be more affordable than before.

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Rankings for the cheapest Florida auto insurance companies
Rank Company Cost Per Year
1 USAA $986
2 Amica $1,712
3 Electric $1,746
4 Progressive $1,793
5 Mercury $1,914
6 Travelers $1,945
7 Allied $2,004
8 State Farm $2,047
9 Esurance $2,082
10 Auto-Owners $2,085
11 GEICO $2,172
12 21st Century $2,373
13 Allstate $2,411
14 Windhaven Insurance $2,575
15 MetLife $2,870
16 Hanover $2,964
17 Safeco $2,987
18 Liberty Mutual $3,009
19 United Automobile $3,422
20 Direct General $4,022
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USAA quotes some of the most affordable car insurance rates in Tampa at around $986 a year. Amica, Electric, Progressive, and Mercury also are some of the best Tampa, FL car insurance companies.

In the above rates, if you are currently insured with Mercury and switched to Amica, you might see a yearly price reduction of in the vicinity of $202. Drivers with Travelers might save as much as $233 a year, and Allied customers might reduce prices by as much as $292 a year.

To see if your current coverage is too expensive, click here to start your custom quote or visit any of the low-priced companies below.

Be aware that those premiums are averaged for all drivers and vehicles and do not take into consideration an exact location for good drivers. So the insurer that is most affordable for your situation may not even be in the list above. That underscores the importance of why you need to get rate quotes using your own driver information and specific vehicle type.

For safe drivers, one of the big factors that are looked at to help calculate car insurance rates is where you keep your car in Tampa. Areas with more people or even just a higher incidence of claims tend to have higher auto insurance costs, whereas areas with less congestion benefit from lower coverage costs.

The table below sorts the most expensive areas in Florida for good drivers to buy car insurance in. Tampa ranks #7 costing $2,610 for the average insured, which is around $218 per month.

How much does car insurance cost in Tampa, FL?
Rank City Average Per Year
1 Hialeah $3,630
2 Miami $3,273
3 Miami Gardens $3,181
4 Miami Beach $3,013
5 West Palm Beach $2,679
6 Pompano Beach $2,620
7 Tampa $2,610
8 Miramar $2,603
9 Fort Lauderdale $2,576
10 Coral Springs $2,574
11 Hollywood $2,526
12 Pembroke Pines $2,481
13 Davie $2,448
14 Brandon $2,322
15 St. Petersburg $2,286
16 Clearwater $2,238
17 Spring Hill $2,102
18 Orlando $2,008
19 Jacksonville $1,980
20 Port St. Lucie $1,916
21 Cape Coral $1,841
22 Lakeland $1,827
23 Tallahassee $1,784
24 Palm Bay $1,750
25 Gainesville $1,630
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Premium costs are comparative as the garaging address in Tampa can lower or raise coverage rates significantly.

Reckless driving habits raise insurance rates

The ideal way to obtain the best insurance rates in Tampa for safe drivers is to drive safe and avoid getting tickets or having accidents. The information below illustrates how speeding tickets and accidents can influence insurance costs for different age groups. The information is based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.

The chart shows that the average cost of a car insurance policy in Florida per year with a clean driving record and no accidents is $2,272. Get written up for one speeding ticket and the average cost swells to $2,604, an increase of $332 each year. Then add two accidents along with the one speeding ticket and the yearly cost of insurance for good drivers goes up to an average of $5,319. That’s an increase of $3,047, or $254 per month, just for not being a responsible driver!

The information below illustrates how choosing a deductible can affect insurance rates when quoting cheap insurance for good drivers. The prices are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

In the chart above, a 40-year-old driver could save $348 a year by changing from a $100 deductible up to a $500 deductible, or save $524 by choosing a $1,000 deductible. Even younger drivers, such as the 20-year-old example, can save up to $1,162 or more just by choosing higher deductibles when buying full coverage. When choosing a higher deductible, it’s a good idea to have additional funds squirreled away to pay the extra out-of-pocket expense that is associated with using high deductibles.

Shop around and save

Tampa insurance rates are influenced by many factors that can increase the cost of your policy. Getting older, buying another vehicle, or having an at-fault accident may prompt premium changes resulting in some companies being cheaper than before. In addition to those changes, auto insurance companies amend pricing multiple times each year to reflect underwriting profits or losses. A period of higher than normal claims can cause price increases, while a profitable period may cause lower-priced Tampa car insurance rates.

As an example, the graph below shows a variety of companies that have the cheapest car insurance in Tampa, FL for a 45-year-old female driver with no accidents, a clean driving record, and solid credit. When quoting prices based on her current risk factors, USAA quotes the cheapest car insurance rates in Tampa at $1,548 a year. This is $900 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury are the remainder of the cheapest Tampa, FL auto insurance companies.

Now we will give the driver from above an accident surcharge, a lower credit rating, and a traffic ticket or two. Since every car insurance company has a unique formula for setting prices, comparing rates may now show a different ranking of affordable companies as shown below.

USAA now has the best auto insurance rate in Tampa, FL with Allied, Esurance, GEICO, and State Farm now rounding out the top five. This example illustrates why drivers need to spend some time comparing rates to get cheap car insurance rates for good drivers. Car insurance prices are made up of many factors and can change substantially, so the best price when you bought your policy may now be one of the higher cost companies.

If you would rather have a professional recommendation when buying car insurance for safe drivers, the agents below can answer your questions and help you decide which is the best policy.

To locate a Tampa car insurance agency near you, click the button link following the list or click here to compare price quotes.

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