Which Company has the Cheapest Car Insurance in Tampa, FL?

One of the many things that determine the annual cost of car insurance is the neighborhood you call home. More densely populated places tend to have higher auto insurance costs, whereas more rural areas benefit from lower prices.

The information below rates the highest-priced places in Florida to purchase car insurance in. Tampa comes in at #7 costing $2,610 on average, which is about $218 monthly.

How much does car insurance cost in Tampa, FL?
Rank City Premium Per Year
1 Hialeah $3,595
2 Miami Gardens $3,149
3 Miami $3,145
4 Miami Beach $3,013
5 Miramar $2,629
6 West Palm Beach $2,625
7 Tampa $2,610
8 Pompano Beach $2,595
9 Coral Springs $2,574
10 Hollywood $2,552
11 Davie $2,548
12 Pembroke Pines $2,481
13 Fort Lauderdale $2,475
14 Brandon $2,392
15 St. Petersburg $2,263
16 Clearwater $2,172
17 Spring Hill $2,060
18 Orlando $2,008
19 Jacksonville $1,960
20 Port St. Lucie $1,916
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Rate quotes are estimated as the vehicle garaging location can affect rates noticeably.

Now that we know where Tampa ranks for car insurance prices, figuring out which companies offer the best auto insurance rates in Tampa involves a bit more effort in order to find coverage that fits your budget. Each auto insurer has their own formula for determining rates, so let’s take a look at the auto insurance companies that tend to have lower prices in Tampa, FL.

It’s important to understand that Florida auto insurance rates are based on many factors which can substantially change the cost of coverage. Simply turning a year older, buying a home instead of renting, or getting a reckless driving citation can produce rate changes that may make certain companies more affordable than before.

Best Insurance Companies in Tampa

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Cheapest insurance companies in Florida
Rank Company Cost Per Year
1 USAA $957
2 Electric $1,694
3 Amica $1,746
4 Progressive $1,775
5 Travelers $1,945
6 Allied $1,985
7 Mercury $1,992
8 Esurance $2,082
9 Auto-Owners $2,085
10 GEICO $2,108
11 State Farm $2,131
12 21st Century $2,397
13 Allstate $2,411
14 Windhaven Insurance $2,627
15 MetLife $2,900
16 Safeco $2,927
17 Hanover $2,934
18 Liberty Mutual $3,039
19 United Automobile $3,527
20 Direct General $3,902
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USAA quotes some of the most affordable car insurance rates in Tampa at around $957 annually. This is $1,491 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also make the cut as some of the most economical Tampa, FL auto insurance companies.

As the rates illustrate above, if you currently buy coverage from Progressive and switched to USAA, you might achieve an annual savings of approximately $818. Florida drivers with Travelers may save as much as $988 a year, and Allied policyholders might reduce prices by as much as $1,028 a year.

To compare your rates to other Florida insurance companies, click here to start your custom quote or click several companies below for low rates.

Be aware that those estimates are averaged for all drivers and vehicles in Florida and do not take into consideration a specific location in Tampa. So the company that fits your needs best may not even be in the top 21 companies shown above. That points out the importance of why you need to get rate quotes from many companies using your own driver and vehicle profiles.

The vehicle model requiring coverage is one of the largest considerations when looking for the cheapest coverage in Tampa. Vehicles with lower performance, modern passenger safety features, or a track record of few liability claims will cost quite a bit less to insure than fast, unsafe models.

The list below features coverage costs for a selection of the more affordable automobiles to buy coverage for.

Cheapest Vehicles to Insure in Tampa, FL
Make and Model Estimated Cost for Full Coverage
Honda CR-V EX 2WD $1,864
Toyota Prius $2,067
Ford Escape Limited 2WD $2,086
Ford Edge Limited 2WD $2,163
Chevrolet Impala LS $2,169
Honda Odyssey EX W/Rear Entertainment $2,163
Toyota RAV4 Sport 2WD $2,206
Volkswagen Jetta S 2.5 Station Wagon $2,218
Dodge Grand Caravan CV $2,280
Hyundai Elantra GLS 4-Dr Sedan $2,326
Toyota Corolla LE $2,331
Toyota Tacoma X-Runner 2WD $2,326
Ford Fusion SE 4-Dr Sedan $2,366
GMC Sierra SLE Crew Cab 4WD $2,375
Chevrolet Malibu LTZ $2,366
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Data assumes 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, multi-vehicle, claim-free, multi-policy, and homeowner. Price estimates do not factor in Tampa, FL location which can lower or raise coverage rates substantially.

Looking at the data, you can figure that makes and models like the Honda CR-V, Toyota Prius, Ford Escape, and Ford Edge will be some of the less-costly vehicles to insure for drivers in Tampa.

Full coverage rates vs. liability-only

Reducing the cost of car insurance is important to the majority of drivers, and one of the best ways to pay less for insurance in Tampa is to not buy comprehensive and collision coverage. The illustration below shows the difference between car insurance rates when comparing full coverage to liability only. The prices are based on no accidents, no driving violations, $250 deductibles, drivers are single, and no other discounts are factored in.

Averaged out for all age groups, comprehensive and collision coverage on your policy costs $2,922 per year more than just insuring for liability. At some point, about every driver wonders if you should buy full coverage. There isn’t a steadfast formula for dropping comp and collision coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of replacement cost minus your deductible, then it might be time to buy liability only.

For example, let’s say your vehicle’s replacement value is $4,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,500 after the deductible is paid. If you are currently paying more than $350 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

Poor driving habits will raise your car insurance rates

The common sense way to get affordable car insurance prices for drivers in Tampa is to drive cautiously and avoid accidents and violations. The example below demonstrates how citations and at-fault accidents can impact insurance prices for different age categories. The prices are based on a single male driver, comp and collision included, $500 deductibles, and no discounts are applied.

In the previous example, the average cost of auto insurance in Florida per year with no accidents or violations is $1,961. Receive two speeding tickets and the average cost swells to $2,591, an increase of $631 each year. Then add one accident along with the two speeding tickets and the annual cost of car insurance in Tampa goes up to an average of $3,222. That’s an increase of $1,262, or $105 per month, just for not maintaining a clean driving record!

The insurance agents in Tampa listed below can probably aid you in deciding which policy fits your needs best, since many consumers aren’t sure which coverage to buy and prefer to have the advice of a professional agent when buying car insurance for drivers in Tampa. It’s not always simple to find the best rates on your own, so insurance agents licensed in the state of Florida can provide comfort knowing your coverage gives you adequate protection. To find a Tampa insurance agency using an interactive map, click the button after the list.

Mike Foley – State Farm Insurance Agent
3704 W Swann AveTampa, FL 33609(813) 289-7888

Buhl Insurance Agency
2935 W Hillsborough AveTampa, FL 33614(813) 876-0057

State Farm: Jeff Ralph
11014 N Dale Mabry Hwy #501Tampa, FL 33618(813) 969-3331

More Tampa, FL insurance agents