Who Has the Cheapest Auto Insurance for Low Income Drivers in Tampa?

One of the more important factors that help determine car insurance rates is where you choose to live in Tampa. Cities with more crime and/or more people tend to have higher auto insurance costs, whereas areas that tend to be more rural profit from lower rates.

The information below shows the highest-priced places in Florida for low income drivers to buy car insurance in. Tampa is ranked at #7 with an annual cost of $2,610 for coverage, which is around $218 per month.

How much does car insurance cost in Tampa, FL?
Rank City Premium Per Year
1 Hialeah $3,595
2 Miami $3,241
3 Miami Gardens $3,181
4 Miami Beach $3,013
5 West Palm Beach $2,679
6 Miramar $2,629
7 Tampa $2,610
8 Fort Lauderdale $2,576
9 Coral Springs $2,574
10 Hollywood $2,552
11 Pompano Beach $2,543
12 Davie $2,448
13 Pembroke Pines $2,407
14 Brandon $2,368
15 St. Petersburg $2,286
16 Clearwater $2,238
17 Jacksonville $2,040
18 Spring Hill $2,039
19 Orlando $2,029
20 Port St. Lucie $1,994
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Premium costs are approximated as the specific zip code location can raise or lower insurance rates greatly.

Deciphering which companies quote the best insurance rates for low income drivers will require a bit more work than just comparing rates from one or two companies.

Every auto insurer has their own process to set policy rates, so let’s rank the most budget-friendly insurance companies in Tampa. It’s a good idea to know that Tampa insurance rates are impacted by many factors which can substantially change the price you have to pay for coverage. Getting older, adding a teenager to your policy, or getting into an accident can trigger changes in premium that may make certain companies cheaper than others.

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What’s the cheapest car insurance in Florida?
Rank Company Cost Per Year
1 USAA $986
2 Electric $1,694
3 Amica $1,764
4 Progressive $1,793
5 Mercury $1,933
6 Travelers $1,945
7 Allied $1,985
8 Esurance $2,040
9 State Farm $2,047
10 Auto-Owners $2,149
11 GEICO $2,150
12 Allstate $2,317
13 21st Century $2,397
14 Windhaven Insurance $2,627
15 Hanover $2,934
16 MetLife $2,958
17 Safeco $2,987
18 Liberty Mutual $3,101
19 United Automobile $3,527
20 Direct General $4,062
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USAA may offer some of the most affordable car insurance rates in Tampa at around $986 a year. Electric, Amica, Progressive, and Mercury also rank well as some of the cheaper Tampa, FL insurance companies.

In the above rates, if you currently buy coverage from Electric and switched to USAA, you could realize annual savings of approximately $708. Florida drivers with Amica might save as much as $778 a year, and Progressive policyholders might realize rate reductions of up to $807 a year.

To get a quick, customized rate comparison, click here to start your custom quote or quote rates from the companies below.

Understand that those estimates are averages for all drivers and vehicles and and are not figured with a specific location for low income drivers. So the company that fits your situation best may not even be in the top 21 companies shown above. That affirms the importance of why you need to get car insurance quotes using your own driver data and vehicle information.

The type of vehicle you are trying to insure is probably the largest consideration when comparing low-cost auto insurance for low income drivers. Vehicles with limited speed and performance, excellent safety ratings, or low incidents of liability claims will cost less to insure than higher performance models.

The list below illustrates auto insurance premiums for some of the cheapest vehicles to buy coverage for.

Cheapest Vehicles to Insure in Tampa, FL
Vehicle Make and Model Estimated Cost for Full Coverage
Hyundai Elantra SE Touring Station Wagon $1,905
Honda CR-V LX 2WD $1,923
Toyota Prius $1,947
Ford F-150 XL Regular Cab 2WD $1,980
Ford Escape Limited 2WD $2,033
Nissan Altima 2.5 4-Dr Sedan $2,075
Chevrolet Equinox LS AWD $2,085
Volkswagen Jetta S 2.5 Station Wagon $2,093
Dodge Grand Caravan Crew $2,117
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $2,135
Toyota Camry SE $2,189
Honda Odyssey EX-L W/Rear Entertainment $2,195
Chevrolet Impala LTZ $2,189
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Table data does not factor in specific zip code location which can impact auto insurance rates greatly.

Based upon these rates, you can figure that models like the Hyundai Elantra, Honda CR-V, Toyota Prius, Ford F-150, and Ford Escape are going to be a few of the most affordable vehicles to insure for poor drivers.

Reckless driving habits raise Tampa insurance rates

One of the best ways to score cheap insurance premiums in Florida for poor drivers is to be an attentive driver and not receive tickets or have accidents. The illustration below demonstrates how citations and at-fault accidents can affect car insurance costs for different age groups. The information is based on a single female driver, full coverage, $1,000 deductibles, and no discounts are applied.

The data charted above shows the average cost of auto insurance in Florida per year with no accidents or violations is $2,254. Get written up for two speeding tickets and the average cost hikes up to $3,005, an increase of $751 each year. Now include one accident along with the two speeding tickets and the annual cost of insurance for low income drivers jumps again to an average of $3,775. That’s an increase of $1,520, or $127 per month, just for not being a responsible driver!

Cost of full coverage

Finding cheaper insurance should be important to the majority of drivers, and a great way to pay less for insurance for low income drivers is to not pay for full coverage. The example below compares insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no violations or accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.

As an overall average, physical damage coverage costs $1,747 per year more than just buying liability insurance. Many people question if full coverage is worth the money. There isn’t a written rule that is best for determining when to drop comp and collision coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s say your vehicle’s settlement value is $6,500 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,500 after paying the physical damage deductible. If you are paying in excess of $550 annually for your policy with full coverage, then you might consider buying liability only.

How to find cheaper insurance for low income drivers

It is possible to find better rates, and here are some of the recommended money-saving suggestions that can help Tampa drivers quote more affordable car insurance.

That final tip is notably valuable, as we pointed out in the prior information. Rates fluctuate constantly, so drivers shouldn’t be reluctant to buy from a different company if you can save money. Having a favorite company is fine, but it isn’t a good idea if that loyalty results in overpaying a small fortune year after year. It takes less than five minutes to compare prices to find cheaper auto insurance for low income drivers in Tampa.

The insurance agents in Tampa listed below can probably help you determine which auto insurance policy fits you best, as lots of drivers aren’t clear which coverage they need and would like to get some help when shopping for cheaper insurance for poor drivers. It can be hard to find coverage yourself, and a professional agent can give you peace of mind knowing your policy gives you sufficient coverage for your assets. To find a Tampa insurance agency near you, click the button link following the list.

Joyce Coleman – State Farm Insurance Agent
8221 Parkedge DrTampa, FL 33637(813) 975-1866

Northside Insurance Agency
14009 N Dale Mabry HwyTampa, FL 33618(813) 960-5225

Allstate Insurance: Rich Lovinger
4016 Henderson Blvd lTampa, FL 33629(813) 837-9329

Central Florida Insurance Agency of Town ‘N’ Country
7753 W Waters AveTampa, FL 33615(813) 885-2900

GreatFlorida Insurance – Ceci Wise
1719 W Fletcher AveTampa, FL 33612(813) 849-0125

More insurance agents in Tampa, FL