If saving the most money is your goal, then the best way to get the cheapest Tesla Model 3 insurance in Tampa is to compare prices once a year from insurance carriers who sell auto insurance in Florida.
- First, read and learn about the different coverages in a policy and the measures you can take to prevent high rates. Many risk factors that drive up the price like at-fault accidents and poor credit rating can be amended by making lifestyle changes or driving safer. Keep reading for additional ideas to prevent high rates and find possible discounts that are available.
- Second, request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from one company like GEICO or Allstate, while independent agencies can quote prices from many different companies.
- Third, compare the new rate quotes to your current policy to see if switching to a new carrier will save money. If you can save money and buy the policy, make sure coverage is continuous and does not lapse.
- Fourth, give proper notification to your current agent or company of your intention to cancel your existing policy and submit the completed application along with a down payment to the new insurer. Immediately store the proof of insurance certificate in a readily accessible location in your vehicle.
The critical component of shopping around is to make sure you enter the same deductibles and limits on every quote and and to analyze as many companies as possible. Doing this provides a fair price comparison and the most accurate and complete price analysis.
A recent car insurance study discovered that 70% of consumers renewed their policy with the same company for at least four years, and 38% of drivers have never shopped around. The average driver in Florida can save approximately $1,126 each year by just comparing quotes, but most just don’t grasp the benefits if they changed companies.
Our goal is to help you learn the best ways to compare prices and some money-saving tips. If you currently have a car insurance policy, you will most likely be able to shop for the lowest rates using this strategy. But Florida car owners must comprehend the way insurance companies compete online because rates fluctuate considerably.
Lower Insurance Rates with These Tips
Part of the auto insurance buying process is learning the rating factors that come into play when calculating auto insurance rates. If you know what positively or negatively impacts your premiums, this helps enable you to make changes that may result in much lower annual insurance costs. Many different elements are considered when quoting car insurance. Some are pretty understandable such as your driving history, but others are not as apparent like your vehicle usage or your financial responsibility.
The factors shown below are some of the most rate-impacting factors auto insurance companies consider when setting rates.
- Additional coverages that may be costing you – There are a lot of extra coverages that may not really be needed when buying auto insurance. Insurance for things like vanishing deductibles, high-cost glass coverage, and additional equipment coverage are examples of these. The coverages may be enticing when you first buy your policy, but your needs may have changed so think about removing them and cutting costs.
- Commute or pleasure use – The more you drive annually the higher the price you pay to insure it. Most companies calculate rates based on their usage. Autos that sit idle most of the time get more affordable rates than cars that get driven a lot. A policy that improperly rates your Model 3 may be wasting your money. It’s a good idea to make sure your policy reflects the correct usage for each vehicle, because it can save money.
- Performance makes a difference – The type of car you are insuring makes a significant difference in your car insurance bill. The lowest base rates will normally be found when insuring lower performance four cylinder passenger models, but many other things help determine your insurance rates.
- Better premiums with anti-theft devices – Choosing to buy a car with a theft deterrent system can help bring down rates. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft and help bring rates down.
- Liability coverage – Liability insurance provides coverage if you are ruled to be at fault for damages from an accident. Liability provides legal defense up to the limits shown on your policy. This coverage is very inexpensive when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
Auto insurance discounts help lower rates for Tesla Model 3 insurance in Tampa
Auto insurance companies do not advertise all discounts very clearly, so we took the time to find a few of the more common as well as some of the hidden credits available to you.
- Active Military Service – Being deployed in the military could qualify you for better prices.
- Discount for Life Insurance – If the company offers life insurance, you could get a small discount if you purchase some life insurance in addition to your auto policy.
- Senior Citizen Rates – If you’re over the age of 55, you may be able to get a small decrease in premiums.
- Discounts for Federal Employees – Federal government employees may reduce rates when you quote Tampa auto insurance with certain companies.
- Membership in Organizations – Affiliation with qualifying employment or professional organizations could earn you a nice discount on your next auto insurance statement.
- Accident Free – Drivers who don’t have accidents can save substantially as opposed to insureds who have frequent claims or accidents.
- Multi-car Discount – Drivers who insure more than one vehicle on a single policy may reduce the rate for each vehicle.
- New Vehicle Savings – Adding a new car to your policy may earn a small discount because newer models are generally safer.
- Own a Home and Save – Just being a homeowner may earn you a small savings because of the fact that having a home is proof that your finances are in order.
- Paperwork-free – A handful of auto insurance companies will discount your bill up to fifty bucks simply for signing on the internet.
Discounts reduce rates, but you should keep in mind that most credits do not apply to the overall cost of the policy. A few only apply to specific coverage prices like comprehensive or collision. So even though they make it sound like you can get free auto insurance, company stockholders wouldn’t be very happy.
A list of auto insurance companies and their possible discounts are shown below.
- State Farm has savings for good driver, safe vehicle, driver’s education, multiple policy, Drive Safe & Save, and multiple autos.
- Progressive may include discounts for online signing, homeowner, multi-vehicle, good student, continuous coverage, and multi-policy.
- Travelers offers discounts for save driver, student away at school, driver training, hybrid/electric vehicle, home ownership, early quote, and multi-policy.
- American Family may offer discounts for Steer into Savings, good driver, TimeAway discount, good student, and bundled insurance.
- Liberty Mutual policyholders can earn discounts including hybrid vehicle, new vehicle discount, good student, teen driver discount, and preferred payment discount.
Check with every company to apply every possible discount. Some of the discounts discussed earlier may not apply to policyholders in every state. To see auto insurance companies offering auto insurance discounts in Florida, click this link.
Florida auto insurance companies ranked
Selecting the right insurer can be rather challenging considering how many choices there are in Florida. The company rank data listed below could help you choose which providers you want to consider purchasing from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Quote more to save more
In this article, we presented many tips how you can get a better price on Tesla Model 3 insurance in Tampa. The key thing to remember is the more you quote Tampa auto insurance, the better your chances of lowering your premium rates. You may even discover the best price on insurance is with a small mutual company. They can often insure niche markets at a lower cost as compared to the big name companies such as GEICO and State Farm.
As you restructure your insurance plan, you should never sacrifice coverage to reduce premiums. There are many occasions where an accident victim reduced liability limits or collision coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy enough coverage at an affordable rate and still be able to protect your assets.
Other learning opportunities
- Avoiding Deer Collisions (Insurance Information Institute)
- Who Has Affordable Auto Insurance Rates for Nurses in Tampa? (FAQ)
- What Insurance is Cheapest for High Mileage Drivers in Tampa? (FAQ)
- Who Has Cheap Car Insurance Quotes for Real Estate Agents in Tampa? (FAQ)
- Who Has Affordable Car Insurance for Drivers Requiring a SR22 in Tampa? (FAQ)
- Booster Seat Ratings (iihs.org)
- Protecting Teens from Drunk Driving (Insurance Information Institute)
- Teen Driving Statistics (iihs.org)