What Car Insurance is Cheapest for Single Moms in Tampa?

I’m sure you’ve seen the commercials from auto insurance companies like State Farm and Allstate promising the cheapest rates. So you just need to pick one randomly, right?

Unfortunately, it’s not that simple as there are a ton of unknown elements like your age, what level of deductibles you wish to have, and if you have a spouse, that help determine the price you have to pay. We are going to cover these types of topics and educate you enough to have a good start in finding the cheapest car insurance.

Determining which insurers offer the cheapest car insurance rates for single moms requires a tad more effort than just getting one or two price quotes.

Every car insurance company has their own unique process to determine premium rates, so we’ll take a look at the car insurance companies with the overall cheapest rates in Tampa. It’s important to know that Tampa, FL car insurance rates are determined by lots of factors that control the price you have to pay. Improving your credit rating, having a teenage driver, or getting a speeding ticket may prompt premium changes that can make some companies more affordable than competitors.

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Who has the cheapest car insurance in Florida?
Rank Company Cost Per Year
1 USAA $957
2 Electric $1,694
3 Amica $1,694
4 Progressive $1,775
5 Travelers $1,945
6 Mercury $1,973
7 Allied $1,985
8 State Farm $2,068
9 Esurance $2,082
10 GEICO $2,086
11 Auto-Owners $2,107
12 Allstate $2,388
13 21st Century $2,397
14 Windhaven Insurance $2,627
15 Safeco $2,927
16 MetLife $2,958
17 Hanover $2,964
18 Liberty Mutual $3,101
19 United Automobile $3,422
20 Direct General $3,942
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USAA generally has some of the lowest car insurance rates in Tampa at around $957 each year. This is $1,491 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also qualify as some of the cheaper Tampa, FL insurance companies.

As the example above demonstrates, if you buy coverage from Travelers and switched to Electric, you might achieve an annual premium reduction of approximately $251. Drivers with Mercury could save as much as $279 a year, and Allied customers might reduce rates by $291 a year.

Be aware that those policy rates are averaged for all drivers and vehicles in Florida and do not take into consideration an exact vehicle garaging location for single moms. So the company that is best suited for you may not even be in the top 21 companies shown above. That emphasizes why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

The type of vehicle driven is one of the largest considerations when comparing the best coverage for single moms. Vehicles with limited top-end speed, modern passenger safety features, or a low likelihood of liability claims will cost much less to insure than adrenaline junky models. The table below ranks coverage costs for a handful of the most economical vehicles to buy coverage for.

Cheapest Vehicles to Insure in Tampa, FL
Vehicle Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $1,797
Ford Escape Limited 2WD $1,836
Honda CR-V EX-L 4WD $1,845
Toyota Prius $1,989
Jeep Wrangler Sahara 4WD 2-Dr $2,019
Dodge Grand Caravan CV $2,026
Hyundai Elantra GLS Touring Station Wagon $2,065
Jeep Grand Cherokee Laredo 2WD $2,129
Chevrolet Equinox LS AWD $2,134
Chevrolet Silverado LS Regular Cab 2WD $2,132
Ford F-150 FX4 4WD $2,171
Honda Civic LX-S 4-Dr Sedan $2,202
Honda Odyssey LX $2,272
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Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in specific Tampa, FL garaging location which can influence premiums noticeably.

Based on these rates, you can figure that models like the Honda Accord, Ford Escape, Honda CR-V, and Toyota Prius are most likely to be a few of the most economical vehicles to insure for single parents.

One of the more important criteria that are looked at to help calculate the cost of insurance is where your residence is in Tampa. Regions with larger populations or more claims will most likely have higher rates, whereas less populated areas have the luxury of cheap car insurance rates.

The following table shows the most expensive places in Florida for single moms to buy auto insurance in. Tampa comes in at #10 with an annual premium of $2,532 for the average insurance policy, which is around $211 monthly.

How much does car insurance cost in Tampa, FL?
Rank City Annual Premium
1 Hialeah $3,630
2 Miami $3,273
3 Miami Gardens $3,181
4 Miami Beach $3,013
5 Miramar $2,629
6 Hollywood $2,604
7 West Palm Beach $2,599
8 Pompano Beach $2,595
9 Davie $2,548
10 Tampa $2,532
11 Coral Springs $2,499
12 Pembroke Pines $2,481
13 Fort Lauderdale $2,475
14 Brandon $2,368
15 Clearwater $2,238
16 St. Petersburg $2,219
17 Spring Hill $2,102
18 Orlando $2,029
19 Port St. Lucie $1,994
20 Jacksonville $1,960
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Rate information is comparative as the vehicle garaging location can modify auto insurance rates noticeably.

Cost comparison with and without full coverage

Paying less for car insurance is probably important to the majority of drivers, and one great way to save on the cost of insurance for single moms is to not buy comprehensive and collision coverage. The example below visualizes the comparison of annual premium costs when comparing full coverage to liability only. The data is based on no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.

Averaged out for all age groups, physical damage coverage on your policy costs an extra $1,747 per year over having just liability coverage. At some point, almost every driver questions if full coverage is worth the money. There is no exact rule of when to stop paying for physical damage coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than around 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s say your vehicle’s settlement value is $12,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $11,000 after paying your policy deductible. If you are currently paying more than $1,100 a year for physical damage coverage, then it might be time to consider dropping full coverage.

There are a few cases where eliminating full coverage is not financially feasible. If you haven’t paid off your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

The illustration below shows how choosing a deductible can impact premium costs when trying to find cheap insurance for single moms. The information is based on a single male driver, full coverage, and no policy discounts are applied.

A 40-year-old driver could lower their car insurance rates by $462 a year by increasing from a $100 deductible to a $500 deductible, or save $696 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old, have the ability to save as much as $1,550 or more by using a higher deductible. When increasing deductibles, it is important to have plenty of discretionary funds to be able to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Selecting a highly-rated insurance provider is hard considering how many choices drivers have in Florida. The information in the lists below could help you select which car insurance providers you want to consider to insure your vehicles.

These rankings are only made up of companies with a national presence, so companies that only write business in Florida or surrounding areas are not included in this list. To compare prices and find the cheapest rates for single moms, follow this link.

Top 10 Major Car Insurance Companies in Tampa Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Top 10 Major Car Insurance Companies in Tampa Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

You are probably paying too much for car insurance

Tampa car insurance rates are impacted by many things which can significantly increase or decrease the price you have to pay for coverage. Simply turning a year older, getting divorced, or getting a DUI can trigger changes in premium that can cause some rates to be more affordable than others.

Not only may things change on your end, but insurers modify pricing multiple times each year to ensure their profitability. Heavy losses may cause higher rates, while a better claims history can result in cheaper Tampa car insurance rates.

The data below shows the companies that have the cheapest car insurance in Tampa, FL for a 30-year-old female driver with no prior accidents, a clean driving record, and a decent credit rating. If we look at prices based on her current risk factors, USAA might quote the lowest car insurance rates in Tampa at $1,487 annually. This is $961 less than the average price paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Allied round out the rest of the top five cheapest Tampa, FL auto insurance companies.

In this next rate comparison, we will give the driver from the first rate comparison an accident surcharge, less-than-perfect credit, and a traffic ticket or two. Because each insurer uses their own method to determine rates, analyzing rates will most likely result in a different list of cheap Tampa auto insurance companies as shown below.

USAA now has the lowest car insurance rate in Tampa, FL with Mercury, State Farm, GEICO, and Esurance also having competitive pricing. This example illustrates why consumers need to perform a complete rate comparison when trying to find the cheapest auto insurance quotes for single moms.

Auto insurance prices can be determined by many risk factors and change substantially, so the most economical company six months ago may now be one of the higher cost companies.

If you aren’t clear which coverage you need and would like to have some advice when trying to find lower insurance rates for single moms, the professional agents shown below can most likely answer your questions and help you decide which coverages you need. To find an agent by location nearest to you, click the button below the list.

Charlies Agents Insurance Agency
2701 N Himes Ave #201Tampa, FL 33607(813) 831-8363

GEICO Insurance Agent
2703 W Kennedy BlvdTampa, FL 33609(813) 259-1142

Italiano Insurance Services, Inc.
3021 W Swann AveTampa, FL 33609(813) 877-7799

Adi Khorsandian – State Farm Insurance Agent
20752 Center Oak DrTampa, FL 33647(813) 991-4111

Rip Weachter Insurance Agency
4311 W El Prado BlvdTampa, FL 33629(813) 831-8889

View map of Tampa, FL insurance agents