Compare the Cheapest Car Insurance Quotes in Cape Coral, FL

Cape Coral's average annual car insurance cost of $1,588 is $620 lower than Florida's state average. MoneyGeek rated various insurers in Cape Coral based on the coverage level and driver profile. GEICO is the cheapest widely available insurer in Cape Coral, with an average yearly rate of $1,026. If you're focused on quality service and affordable pricing, MoneyGeek's recommendations of the best insurers will be useful.

Loading...
By  
  |  
iconribbonbestauto insuranceCape Coral2021

The Cheapest and Best Car Insurance in Cape Coral

The Cheapest Car Insurance Companies in Cape Coral

The following two companies are the most affordable average options for a full coverage car insurance policy in Cape Coral:

  • USAA: $699 per year (only serving current and former military members)
  • GEICO: $1,026 per year

MoneyGeek used a sample driver profile to gather quotes for this analysis. For this scenario, the driver is a 40-year-old male with a full coverage policy, including liability insurance and comprehensive and collision coverage.

Scroll for more

swipe icon

Average Cost of Car Insurance in Cape Coral

Cape Coral$1,588
Florida$2,208
U.S.$1,424

Car insurance in Cape Coral costs 28.1% less than the state’s average rate. Drivers in this city pay an average of $1,588 per year, which is 11.5% higher than the national average premium. Depending on your driving profile and several other personal attributes, your rates could be higher or lower than these averages.

Loading...

The Best Car Insurance Companies in Cape Coral

MoneyGeek used a unique scoring system to rate and rank the best insurance companies in Cape Coral based on affordability and quality of service. The best two companies in the city for most drivers are:

  • Esurance: MoneyGeek score of 95 out of 100
  • GEICO: MoneyGeek score of 85 out of 100

USAA received the highest score in Cape Coral by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.

MoneyGeek evaluated the scores out of 100 points using various factors. These include J.D. Power’s user satisfaction, affordability and financial stability data.


1
USAA
Score:100

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A++

Financial Stability

2
Esurance
Score:95

5/5

Affordability

4/5

Claims Ratings

5/5

User Satisfaction

A+

Financial Stability

3
GEICO
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

4
Travelers
Score:85

3/5

Affordability

4/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

5
MetLife
Score:83

3/5

Affordability

4/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

6
Hartford
Score:83

2/5

Affordability

5/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

7
Liberty Mutual
Score:80

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

8
Auto-Owners Insurance Co
Score:80

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

9
State Farm
Score:78

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A-

Financial Stability

10
Nationwide
Score:78

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

11
Progressive
Score:75

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

12
Safeco
Score:75

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

Personalized Quotes to Get You the Cheapest Car Insurance in Cape Coral

Car insurance rates in Cape Coral depend on factors like driving record, age, credit score, location and coverage level. Insurers use these factors to determine their annual premium rates. Depending on your circumstances, your rates may be higher or lower than each company’s average premium. For instance, if you have a history of accidents, you will pay more than a driver who has a clean driving record. If you compare car insurance quotes from different providers regularly, you will find accurate rates for your requirements.

Shopping around for car insurance in Cape Coral could save you $562, which is enough to buy:


coffeeColor icon
187Cups of Coffee
computer icon
43Months of Your Favorite Streaming Service

Cheapest Car Insurance in Cape Coral by Coverage Amount

The amount you pay for insurance is affected by the amount of coverage you purchase, regardless of where you live. A state minimum liability plan covering bodily injuries and property damage costs an average of $813 in Cape Coral, while a full coverage policy with higher liability limits will cost roughly $775 more.

Florida Minimum Liability Requirements

  • Item
    Description
  • Property Damage
    $10,000 for property damage. A more protective level is 100/300/100.
  • Personal Injury Protection
    $10,000 per person.

Car insurance providers in Cape Coral offer many different coverage levels. The most affordable car insurance premium available is the state minimum liability plan, which costs $450 for GEICO customers, while a 50/100/50 liability-only plan costs $648. However, even with enhanced 50/100/50 limits, liability-only insurance only covers the other driver’s expenses.

A full-coverage plan costs more but covers your expenses as well. If there is only a small difference in cost between this and the liability-only plan, the full-coverage policy is preferable. Instead of paying $648 for 50/100/50 liability-only coverage from GEICO, you can pay an additional $274 to acquire a policy with the same limits that also covers your own costs in an accident.

Average Car Insurance Premiums: Liability-Only vs. Full Coverage

Liability Only
Full Coverage
Loading...

Cheapest Car Insurance in Cape Coral if You Have Driving Violations

A clean driving record can help you find the cheapest car insurance quotes in Cape Coral. Car insurance companies charge you more if you have at-fault accidents, speeding tickets or a DUI.

A Cape Coral driver with no violations pays an average of $1,026 per year with GEICO. However, if you have a speeding ticket on your record, your rate could increase by an average of $753. Meanwhile, an at-fault accident adds roughly $384 and a DUI can increase your premium by $1,197 per year on average.

  • Company
    Speeding Ticketper year
    At-Fault Accidentper year
    DUIper year
  • 1.
    USAA
    $772
    $909
    $1,272
  • 2.
    State Farm
    $1,475
    $1,584
    $1,475
  • 3.
    GEICO
    $1,779
    $1,410
    $2,223
  • 4.
    Allstate
    $1,594
    $2,119
    $2,049
  • 5.
    MetLife
    $1,575
    $1,807
    $3,021
  • 6.
    Travelers
    $2,118
    $2,163
    $2,936
  • 7.
    Allied
    $2,132
    $2,268
    $3,317
  • 8.
    Progressive
    $3,106
    $3,584
    $2,805
  • 9.
    Mercury
    $2,908
    $3,713
    $3,443

Average Cost of Car Insurance by Postal Code

Depending on where you live in Cape Coral, your car insurance rates may be higher or lower than the city average. The pricing changes based on specific incidences in your neighborhood, like the number of accidents, thefts and uninsured drivers. However, there is little variance in Cape Coral, where drivers in ZIP code 33914 pay around $6 less per year than drivers in the 33904 neighborhood.

  • Zip Code
    State Minimumper year
  • 33914
    $1,585
  • 33904
    $1,591

Factors That Impact Insurance Costs in Cape Coral

In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Cape Coral. How Cape Coral ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities227th/300
handcuffs2 icon
Most Car Thefts166th/300
uninsured icon
Most Uninsured Motorists by State1st/50
insurance2 icon
Personal Injury Protection RequiredYes
rain icon
Most Annual Rainfall20th/300
umbrella icon
Most Rainy Days129th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Cape Coral are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

Loading...

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.