For veterans, one of the more important considerations that are looked at to determine insurance cost is where you normally keep your vehicle in Tampa. Cities with more crime and/or more people likely pay more, whereas areas with less crime or weather claims get the luxury of paying less.
The next table sorts the most costly cities in Florida for retired military to purchase car insurance in. Tampa is ranked at #9 having an annual price of $2,558 for the average insurance policy, which is approximately $213 monthly.
|8||West Palm Beach||$2,599|
|20||Port St. Lucie||$1,935|
|Start a Quote Go|
Rate information is comparative as specific location information can modify coverage rates significantly.
Deciphering which insurers offer the cheapest car insurance rates for retired military will involve a bit more effort in order to find coverage that fits your budget. Every insurance company has their own guidelines for determining prices, so we need to take a look at the most competitive car insurance companies in Tampa.
It’s important that you understand Florida car insurance rates are determined by lots of factors which can significantly increase or decrease the price of coverage. Simply getting older, moving to a new city, or having an at-fault accident can cause premium changes that can make some companies more affordable than before.
Best Cheap Insurance Rates for Vets
|Rank||Company||Cost Per Year|
|Get Personalized Rates Go|
USAA quotes some of the most affordable car insurance rates in Tampa at around $948 per year. This is $1,500 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Allied also are some of the cheaper Tampa, FL auto insurance companies.
In the above rates, if you are currently insured with Progressive and switched to Electric, you may realize a yearly savings of roughly $83. Policyholders with Allied may save as much as $199 a year, and Travelers customers might realize rate reductions of up to $199 a year.
To get a fast rate comparison, click here to start your custom quote or click through to the companies below.
It’s important to note that these estimates are averaged for all drivers and vehicles in Florida and do not take into consideration a vehicle location for retired military. So the car insurance company that can offer you the best price may not even be in the top 21 companies shown above. That underscores the importance of why you need to get auto insurance quotes using your own driver information and specific vehicle type.
The type of vehicle requiring insurance is one of the main factors when shopping for the cheapest car insurance for retired military. Vehicles with lower acceleration and performance, good safety features, or a low likelihood of liability claims will cost less to insure than higher performance models.
The information below illustrates coverage prices for the cheapest vehicles to insure in Florida.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,902|
|Honda CR-V LX 2WD||$1,910|
|Ford Escape XLT 2WD||$2,083|
|Ford F-150 XLT Crew Cab 2WD||$2,132|
|Chevrolet Silverado LS Regular Cab 2WD||$2,251|
|Chevrolet Impala LT||$2,254|
|GMC Sierra SLE Regular Cab 2WD||$2,263|
|Dodge Grand Caravan Hero||$2,254|
|Toyota Tacoma Double Cab 4WD||$2,294|
|Honda Civic LX 4-Dr Sedan||$2,331|
|Honda Odyssey EX||$2,418|
|Ford Edge SEL AWD||$2,426|
|Chevrolet Malibu LS||$2,468|
|Toyota RAV4 Sport 4WD||$2,473|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$2,502|
|Toyota Camry LE||$2,537|
|Get a Custom Quote Go|
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Premium costs do not factor in Tampa, FL location which can lower or raise premium rates greatly.
Based on these rates, we can conclude that makes and models like the Hyundai Elantra, Honda CR-V, and Ford Escape will be the cheapest vehicles to insure for veterans.
Discounts on Tampa insurance
Insurance companies that offer cheap quotes for retired military may have rate discounts that could potentially reduce rates by as much as 35% or more if you meet specific eligibility requirements. A list of car insurance companies and a summarized list of policyholder discounts are included below.
- State Farm has savings for multiple policy, accident-free, safe vehicle, Drive Safe & Save, passive restraint, anti-theft, and driver’s education.
- Farmers Insurance may offer discounts for distant student, teen driver, homeowner, mature driver, business and professional, and youthful driver.
- Progressive offers discounts including continuous coverage, homeowner, online signing, multi-vehicle, good student, multi-policy, and online quote discount.
- GEICO policyholders can earn discounts including military active duty, multi-policy, seat belt use, driver training, five-year accident-free, daytime running lights, and emergency military deployment.
- Auto-Owners Insurance includes discounts for paperless, paid in full, anti-lock brakes, group or association, mature driver, and anti-theft.
- The Hartford may include discounts for good student, anti-theft, defensive driver, air bag, and bundle.
- Farm Bureau discounts include 55 and retired, youthful driver, multi-policy, renewal discount, safe driver, and multi-vehicle.
- USAA offers discounts for multi-vehicle, military installation, multi-policy, loyalty savings, annual mileage, and good student.
The chart below visualizes the comparison of insurance costs with and without discounts applied to the policy premium. The premiums are based on a male driver, no claims or driving violations, Florida state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with multiple vehicle, anti-theft, accident-free, passive restraint, marriage, and vehicle safety discounts applied. When discounts are applied, theaverage yearly reduction on car insurance for retired military is 28% or $486.
Picking the best insurance company is difficult considering how many different companies there are to choose from in Florida. The company rank data displayed below can help you pick which car insurance providers you want to consider when shopping your coverage around.
The rankings below only include companies who write in the majority of U.S. states, so smaller companies that only insure vehicles in Florida are not taken into consideration for this list. If you’d like to compare prices and find cheaper insurance for retired military, click here.
Top 10 Major Car Insurance Companies Overall in Tampa
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Top 10 Major Car Insurance Companies in Tampa Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
The information below demonstrates how deductible levels can raise or lower insurance costs when searching for cheap insurance for retired military. The rates are based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.
The chart above illustrates that a 30-year-old driver could lower rates by $522 a year by changing from a $100 deductible up to a $500 deductible, or save $786 by changing to a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could possibly save $1,550 every year just by choosing higher deductibles when buying full coverage. If you make the decision to raise deductibles, it will be necessary to have plenty of discretionary funds to satisfy the extra out-of-pocket expense that deters many people from opting for higher deductibles.
If you have coverage questions and would like to get some professional advice when shopping around for cheaper insurance for veterans, the insurance agencies below are willing to help you make a decision which coverage fits your budget.
To find an agent nearest to you, click the button following the list.
Varcas Insurance Agency LLC
1721 W Hillsborough Ave – Tampa, FL 33603 – (813) 319-1940
All Affordable Insurance Agency
7211 N Dale Mabry Hwy Suite 108 – Tampa, FL 33614 – (813) 935-5554
Ken Anthony Insurance Agency – Affinity Insurance
8010 N 56th St – Tampa, FL 33617 – (813) 251-8685