Determining which company quotes the cheapest insurance rates after a speeding ticket will take a little more work in order to find a policy that fits your budget. Every car insurance company has a unique formula for determining rates, so let’s look at the rankings for the insurance companies with the most affordable rates in Tampa, FL.
It’s important that you understand Tampa, FL insurance rates are determined by lots of factors that will increase or decrease the policy price. Improving your credit rating, buying a different home, or having a fender bender can trigger changes in premium that may make certain companies cheaper than before.
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USAA quotes some of the lowest car insurance rates in Tampa at around $986 annually. This is $1,462 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also qualify as some of the most economical Tampa, FL auto insurance companies.
As illustrated above, if you are insured with Progressive and switched to Electric, you might see annual savings of about $81. Florida drivers with Travelers could save as much as $176 a year, and Mercury policyholders might reduce prices by as much as $221 a year.
Remember that these policy prices are averages for all types of insureds and vehicles and are not factoring in a vehicle location after a speeding ticket. So the car insurance company that can offer you the best price may not even be in the list above. That helps illustrate why you need to compare as many prices as possible using your own personal information and vehicle type.
The car, truck, or SUV you are buying coverage for is one of the largest factors that determines whether or not you find low-cost car insurance after a speeding ticket. Vehicles with average performance, modern passenger safety features, or a low likelihood of liability claims will cost much less to insure than high performance models.
The list below estimates insurance costs for a number of the most affordable vehicles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$2,624|
|Dodge Grand Caravan CV||$2,938|
|Ford Edge SE AWD||$3,049|
|Chevrolet Equinox LT 2WD||$3,107|
|Toyota RAV4 Limited 2WD||$3,115|
|Honda CR-V EX-L 4WD||$3,120|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$3,193|
|Ford Focus SES 4-Dr Sedan||$3,221|
|Ford Explorer XLT 4WD||$3,243|
|Chevrolet Impala LS||$3,366|
|Toyota Tacoma 2WD||$3,375|
|Ford F-150 Lariat Crew Cab Harley 4WD||$3,400|
|Chevrolet Malibu LS||$3,430|
|Toyota Camry LE||$3,436|
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Data based on single female driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, and multi-vehicle. Premium costs do not factor in specific location which can modify price quotes significantly.
Based upon these rates, you can presume that models like the Ford Escape, Toyota Prius, Dodge Grand Caravan, and Ford Edge will be some of the most budget-friendly vehicles to insure after a few driving violations.
One of the many things that aid in calculating the cost of insurance is your address. Areas with increased crime or more people tend to pay slightly more, whereas areas with less people or fewer weather incidents get the luxury of paying less.
The next table shows the most expensive places in Florida after a speeding ticket to buy car insurance in. Tampa makes the list at #5 with the yearly price of $2,610 for coverage, which is about $218 monthly.
|7||West Palm Beach||$2,599|
|20||Port St. Lucie||$1,916|
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Rate quotes are comparative as vehicle location can affect premium rates noticeably.
Poor driving habits will raise your insurance rates
In a perfect world, the ideal way to get good insurance premiums after a few driving violations is to pay attention while driving and avoid accidents and traffic violations. The information below shows how speeding tickets and at-fault accidents can increase premium costs for different age groups. The price estimates are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
The data charted above shows the average cost of an auto insurance policy in Tampa per year with a clean driving record and no accidents is $3,082. Add in two speeding tickets and the average cost jumps to $4,153, an increase of $1,071 each year. Now get two accidents along with the two speeding tickets and the annual cost of insurance after a speeding ticket increases to an average of $7,930. That’s an increase of $4,848, or $404 per month, just for not driving responsibly!
Get discount Tampa car insurance
Insurance companies that provide policies after a speeding ticket may additionally offer special discounts that could potentially reduce rates by 40% or more if you qualify for them. The best insurance companies and some of the premium reductions they offer are:
- Mercury Insurance may offer discounts for multi-car, location of vehicle, accident-free, professional/association, and anti-theft.
- Farmers Insurance offers discounts for homeowner, alternative fuel, early shopping, good student, multi-car, and youthful driver.
- Farm Bureau offers discounts including multi-policy, driver training, 55 and retired, multi-vehicle, and youthful driver.
- State Farm may include discounts for Drive Safe & Save, accident-free, passive restraint, student away at school, anti-theft, and good student.
- Allstate has discounts for teenSMART discount, safe driver, early signing, FullPay discount, premier plus, and auto/life discount.
- GEICO includes discounts for five-year accident-free, seat belt use, anti-theft, daytime running lights, good student, and defensive driver.
The illustration below visualizes the comparison of auto insurance costs with and without discounts applied. The costs are based on a female driver, three violations and no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with paperless filing, passive restraint, homeowner, vehicle safety, marriage, and paid-in-full discounts applied. When discounts are factored in, theaverage amount saved on insurance after a speeding ticket is 28% or $973.
The professional agents shown below are a good start to provide answers to your questions and help you determine which car insurance policy is best, since lots of drivers aren’t clear which coverage they need and would like to have a little guidance when trying to find lower insurance rates after a speeding ticket. It’s not always simple to find the cheapest rate yourself, so using a licensed agent can give peace of mind knowing you have adequate coverage when you need it most. To find an agent nearest to you, click the button below the list.
- Allstate Insurance: Bruce Kestenbaum
320 E Fletcher Ave – Tampa, FL 33612 – (813) 513-8800
- Charlies Agents Insurance Agency
2701 N Himes Ave #201 – Tampa, FL 33607 – (813) 831-8363
- Mike Foley – State Farm Insurance Agent
3704 W Swann Ave – Tampa, FL 33609 – (813) 289-7888
- Mesa Insurance Agent
Tampa, FL 33603 – Tampa, FL 33603 – (813) 442-4179
How to find budget-friendly car insurance after a speeding ticket
It is possible to find better rates, and here are some penny-pinching suggestions that can help Tampa drivers locate cheap auto insurance.
- Do not pay for full coverage if not needed
- Choose a safer vehicle and pay lower rates
- Good credit scores may lower your rates
- Accidents can significantly increase rates
- Buy your homeowners policy from the same company as your auto insurance
- Compare rate quotes frequently
The last idea is very significant, as we hit on in this article. Prices charged by auto insurers in Tampa fluctuate constantly, so drivers shouldn’t be reluctant to buy a policy from a new company if a lower price can be found. Having a favorite company is fine, but it isn’t a good idea if your bullheadedness ends up costing you a fortune every year. It takes less than five minutes to compare prices and find cheaper insurance after a speeding ticket.