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.

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Last Updated: 5/16/2022
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For full coverage plans and liability insurance, GEICO is the cheapest company in Cape Coral, while State Farm is the cheapest for drivers with a speeding ticket. USAA is the cheapest option but is only available to members of the military and their families. The best insurance company in Cape Coral overall is Esurance due to its balance of affordability and excellent customer service.

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The Cheapest and Best Car Insurance in Cape Coral

The Cheapest Car Insurance Companies in Cape Coral

On average, the cheapest car insurance companies in Cape Coral that offer the lowest widely available full coverage plans are:

  • GEICO: $1,026 per year
  • MetLife: $1,349 per year

Note that USAA offers the city's cheapest insurance policy at $699 yearly; however, it is only available for service members and their families.

The most expensive car insurance company for full coverage in Cape Coral is Progressive, at roughly 113% more than GEICO. Comprehensive and collision coverages are a part of a full coverage insurance policy, and premiums are largely based on the liability coverage limits of your plan.

Cheapest Car Insurance in Cape Coral
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    USAA
    $699
  • 2.
    GEICO
    $1,026
  • 3.
    MetLife
    $1,349
  • 4.
    State Farm
    $1,367
  • 5.
    Travelers
    $1,530
  • 6.
    Allstate
    $1,594
  • 7.
    Allied
    $1,671
  • 8.
    Mercury
    $1,982
  • 9.
    Progressive
    $2,186

Based on MoneyGeek's methodology, average insurance premiums in this analysis are based on a 40-year-old male driver with a full coverage insurance policy.

A full coverage insurance plan will be more expensive since it includes the following two coverages along with liability insurance:

  • Collision Coverage: Pays for the losses and damages caused by a collision with another car or object.
  • Comprehensive Coverage: Protects your car against damages or losses caused by non-accident-related events like storms, fire, theft and vandalism.

Liability-only insurance or state minimum coverage can be a better deal financially than a full coverage policy if you own an older car since the premiums for full coverage can add up to more than your vehicle replacement value.

Compare Car Insurance Rates in Cape Coral

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Cheapest Car Insurance in Cape Coral for Minimum Coverage

With the cheapest insurance policy in Cape Coral, you only get the bare minimum of coverage. The following insurers, on average, offer the most affordable, widely available minimum liability insurance in Cape Coral:

  • GEICO: $450 per year
  • Travelers: $735 per year

USAA's policy at $315 per annum is the cheapest in the city but is only available to military families. GEICO’s quote is $809 less than Progressive’s quote of $1,259, the most expensive for state minimum liability-only insurance in Cape Coral.

Minimum insurance policies are less expensive due to their lower coverage limitations. In the event of an accident, however, you may be underinsured without comprehensive and collision coverages. The table below shows how increasing coverage limitations have an impact on your insurance premiums.

Cheapest Minimum Liability Car Insurance in Cape Coral
State Minimum

Drivers in Florida are required by law to have state minimum liability-only auto insurance. This provides $10,000 in personal injury protection and $10,000 in property damage liability coverage. While it’s the cheapest auto insurance option in Cape Coral, the trade-off for low premiums is that you may have to pay substantially more out of pocket after an accident.

If, for example, you're in an accident and the other driver’s total medical bills reach $15,000, you would be covered for $10,000. You would be responsible for the remaining $5,000 yourself.

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.

Cheapest Car Insurance in Cape Coral if You Have Driving Violations

Drivers convicted of a traffic infraction, such as speeding, being at fault in an accident or driving under the influence, will often face increased insurance premiums. The following are the cheapest car insurance rates in Cape Coral for the most prevalent traffic offenses:

  • Cheapest after a ticket: State Farm, $1,475 per year
  • Cheapest after an at-fault accident: GEICO, $1,410 per year
  • Cheapest after a DUI: State Farm, $1,475 per year

USAA is the cheapest insurance company for Cape Coral drivers with a speeding ticket, DUI or at-fault accident. Their policies, on the other hand, are solely offered to military families.

Regardless of the traffic ticket you received, you can eventually reduce your future insurance premiums by maintaining a clean driving record. Meanwhile, it's a good idea to compare insurance quotes from several companies to choose the best cheap car insurance for drivers with bad records.

Cheapest Car Insurance in Cape Coral With a Violation
Speeding Ticket

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.

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 rates from different providers regularly, you will find accurate rates for your requirements.

Compare Car Insurance Rates in Cape Coral

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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The Best Car Insurance Companies in Cape Coral

MoneyGeek analyzed Cape Coral auto insurance providers based on their service and pricing. According to our research, the following are the best insurance companies in the city:

  • 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 current military members, veterans and their families, it is not listed as best overall.

MoneyGeek ranked these car insurance companies using several factors, such as insurer financial stability, customer satisfaction and affordability. We used multiple resources to perform this study, including findings by data analytics and consumer intelligence company J. D. Power.


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:82.5

3/5

Affordability

4/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

6
Hartford
Score:82.5

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:77.5

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A-

Financial Stability

10
Nationwide
Score:77.5

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

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.

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.