What Car Insurance is Cheapest for Teachers in Tampa?

You have seen the captivating commercials from car insurance companies like Liberty Mutual, GEICO, and Progressive that say if you switch you’ll get huge savings, so drivers just need to pick the company with the catchiest ad, right?

It’s not that simple, unfortunately, as there are a lot of unknown aspects like if you own a home, whether you are female or male, and how experienced of a driver you are, that all go into determining the rate you pay. This article delves into some of these things and will give you a good beginning to your quest for cheaper car insurance in Tampa.

Figuring out which company offers the lowest-priced car insurance rates for teachers takes more work in order to find the lowest price quote.

Every car insurance company uses a little different formula for establishing rates, so let’s take a look at the car insurance companies that tend to have lower prices in Tampa, FL. Keep in mind that Tampa car insurance rates are impacted by many things which can significantly increase or decrease the price you have to pay for coverage. Improving your credit rating, buying a new vehicle, or having an accident can cause premium changes resulting in some rates now being cheaper in comparison to the competition.

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Florida auto insurance company rankings
Rank Company Cost Per Year
1 USAA $977
2 Electric $1,694
3 Amica $1,712
4 Progressive $1,847
5 Mercury $1,933
6 Travelers $1,945
7 Allied $1,945
8 Esurance $2,040
9 State Farm $2,110
10 Auto-Owners $2,149
11 GEICO $2,150
12 Allstate $2,388
13 21st Century $2,469
14 Windhaven Insurance $2,549
15 MetLife $2,870
16 Safeco $2,898
17 Hanover $2,934
18 Liberty Mutual $3,101
19 United Automobile $3,527
20 Direct General $4,022
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USAA may have some of the most affordable car insurance rates in Tampa at around $977 each year. This is $1,471 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury also are some of the more affordable Tampa, FL auto insurance companies.

As shown in the table above, if you are a policyholder with Mercury and switched to Electric, you might achieve an annual premium reduction of in the vicinity of $239. Customers with Travelers may save as much as $251 a year, and Allied insureds might realize rate reductions of up to $251 a year.

To see how much you can save, click here to start your free quote or visit any of the low-priced companies below.

These policy rates are averaged for all types of insureds and vehicles and do not take into consideration a specific location for teachers. So the car insurance company that can offer you the lowest price may not even be in the list above. That emphasizes why you need to compare prices as often as possible using your own driver and vehicle profiles.

The car, truck, or SUV to be insured is one of the largest considerations that determines whether or not you find economical auto insurance for teachers. Vehicles with reasonable performance levels, good safety features, or a low likelihood of having liability claims will cost less to insure than higher performance models. The table below illustrates coverage rates for a selection of the more affordable automobiles to buy coverage for.

Cheapest Vehicles to Insure in Tampa, FL
Insured Vehicle Estimated Cost for Full Coverage
Ford Escape XLS 4WD $1,982
Honda CR-V EX 2WD $1,989
Toyota Prius $2,198
Honda Accord LX 4-Dr Sedan $2,233
Chevrolet Silverado LT Extended Cab 4WD $2,347
Ford Explorer Eddie Bauer 4WD $2,391
Toyota Camry SE $2,470
Toyota Corolla S $2,476
Honda Odyssey EX-L W/Navigation $2,470
Hyundai Elantra GLS 4-Dr Sedan $2,476
Nissan Rogue S AWD $2,512
GMC Sierra SL Crew Cab 2WD $2,515
Volkswagen Jetta 2.0T Station Wagon $2,553
Dodge Ram Crew Cab ST 4WD $2,556
Toyota RAV4 2WD $2,569
Ford F-150 Lariat Crew Cab 2WD $2,620
Dodge Grand Caravan SXT $2,625
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rate information does not factor in Tampa, FL location which can lower or raise premiums significantly.

Based upon these rates, you can assume that vehicles like the Ford Escape, Honda CR-V, Toyota Prius, Honda Accord, and Chevrolet Silverado will definitely be the less-costly vehicles to insure for teachers and educators.

Ending up with the top insurance provider can be difficult considering how many choices drivers have in Tampa. The company information listed below could help you decide which companies to look at comparing price quotes from.

These ratings include large insurance companies, so smaller companies that only insure vehicles in Florida are not taken into consideration for this list. To compare price quotes from the insurers below and more, follow this link.

Top 10 Major Auto 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 Auto 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

The diagram below demonstrates how deductibles can impact insurance prices when getting quotes for cheap insurance for teachers. The information is based on a single male driver, full physical damage coverage, and no discounts are applied.

As shown above, a 40-year-old driver could reduce rates by $344 a year by switching from a $100 deductible up to a $500 deductible, or save $518 by choosing a $1,000 deductible. Even younger drivers, like the age 20 example, could roll back prices $1,126 or even more just by choosing higher deductibles.

If you do make the decision to raise your deductibles, it will be required to have enough savings to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Why are you paying too much for Tampa car insurance?

Florida car insurance rates are calculated based on many things that may substantially change the price you pay for coverage. Getting older, buying a home, or getting into an accident may cause policy rate changes that can now make some companies cheaper than before. In addition to those changes, insurers amend pricing as often as every three months to ensure their profitability. Larger than normal claims can cause increased rates, while profitable underwriting may cause lower-cost Tampa car insurance rates.

The data below shows the cheapest car insurance in Tampa, FL for a 35-year-old female driver with no accidents or violations, and a high credit rating. When comparing rates based on her current situation, USAA quotes the cheapest car insurance rates in Tampa at $1,518 each year. This is $930 less than the average rate paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are also included in the top five cheapest Tampa, FL auto insurance companies.

The next chart shows rates after we give the driver from above an accident claim, a little lower credit rating, and a stop sign violation. Since each company has their own guidelines to determine rates, comparing insurance quotes will most likely result in a substantially altered list of companies as shown below.

USAA now has the best auto insurance rate in Tampa, FL with Allied, Esurance, Auto-Owners, and GEICO also having competitive pricing. This demonstrates why Florida drivers need to perform a complete rate comparison to find the cheapest insurance rates for teachers. Insurance prices consist of many factors and can change substantially, so the lowest-price company two years ago may now not even be in the top five.