Cape Coral, FL Car Insurance

Residents can expect to pay an average of $170 per month for full coverage car insurance. Costs range from $167 to $517, depending on factors like policy type, vehicle, and driver details. To help drivers understand what they might pay, the table below shows average car insurance costs for different driver profiles.

Because insurers calculate premiums differently, for the most accurate estimate, you'll need to get quotes from multiple providers.

In Cape Coral, the average cost for full coverage car insurance is $1,928 per year, while state minimum coverage is $941 annually. These rates are lower than Florida's averages, where full coverage is $2,425 and minimum coverage is $1,168. Residents can find more affordable options locally.

While car insurance premiums may be rising in Florida, you can still find affordable options in Cape Coral. GEICO offers the cheapest minimum coverage at $45 per month. For full coverage, Travelers provides the best rate at $97 per month.

GEICO is often the cheapest for state minimum coverage, but the most affordable option varies by driver. To find the best rate, get quotes from several providers. The table below shows the cheapest car insurance rates for various driver profiles.

Each car insurance company sets its own prices. To find the cheapest car insurance in Cape Coral, compare rates from different providers. Below, we detail affordable options for both minimum coverage and full coverage plans.

GEICO offers the cheapest minimum coverage auto insurance at $45 per month, followed by Travelers at $48. See the breakdown of the cheapest options in the table below.

Travelers offers the cheapest full coverage car insurance in Cape Coral at $97 per month. Below is a list of other providers and their rates.

To find the cheapest car insurance in Cape Coral, get quotes from several companies. Travelers offers the lowest rate at $874 annually, while Mercury is the best cheap provider with a MoneyGeek score of 83. Check the table below for more options.

*Rates are for a 40-year-old driver with good credit and no driving violations.

Middle-aged drivers and younger seniors have the lowest car insurance rates, with pricing of $1,928 per year for 40-year-olds and $1,893 annually for 65-year-olds. Below, you can compare average rates for ages 16 to 65 in the city.

Nationwide offers the cheapest overall car insurance for teens in Cape Coral, at $252 per month, saving $83 compared to the state average. The table below highlights more affordable options for young drivers in the area.

*Rates reflect 16 to 19-year-old drivers with good credit and no driving violations for full coverage policies.

Travelers offers the lowest minimum coverage rate at $53 per month and the most affordable full coverage at $111 monthly for young drivers. Check the table below to see which providers offer the cheapest rates for different young driver profiles.

Travelers offers the most affordable auto insurance for young drivers at $82 per month. Explore more about affordable auto insurance. The table below shows other companies with competitive rates.

*Rates are for 25-year-old drivers with good credit and no driving violations for both minimum and full coverage.

GEICO and State Farm offer the cheapest car insurance options in the city, though rates can vary based on many factors. Below is a table showing the most affordable providers for different driver and coverage profiles that might suit your needs.

State Farm offers the cheapest monthly premium for seniors at $82 when considering both minimum and full coverage. Travelers follows with a monthly rate of $70. The table below shows options of the top car insurance providers for seniors in Cape Coral.

*Rates are for 65-year-old drivers with good credit and no driving violations for both minimum and full coverage.

In Cape Coral, high-risk driver profiles show that both state minimum and full coverage rates are lower than the state average. Those with bad credit and DUIs tend to pay the most for car insurance. In contrast, accidents and speeding tickets have a smaller impact on rates.

State Farm offers the cheapest minimum coverage for drivers with a DUI at $829 per year. Travelers provides the most affordable full coverage policy at $1,946 annually. Check out the table below for more options on low-cost coverage.

*Rates are for a 40-year-old driver with good credit and a DUI.

GEICO, Travelers, and State Farm offer the cheapest car insurance for drivers with an at-fault accident record in Cape Coral. Discover more about the cheapest auto insurance after an at-fault accident. The table below shows different providers offering affordable coverage for drivers with an accident violation.

*Rates are for a 40-year-old driver with good credit an at-fault accident.

Travelers is the cheapest car insurance provider for drivers with a speeding ticket in Cape Coral, offering minimum coverage at $66 per month and full coverage at $135. Check the table below to see how other providers charge drivers with a speeding ticket on their record.

**Rates are for a 40-year-old driver with good credit and a speeding ticket.*

GEICO offers the most affordable rates for drivers with bad credit in Cape Coral, with state minimum coverage at $90 and full coverage at $277. See the table below for other affordable options.

*Rates are for a 40-year-old driver with bad credit and no driving violations.

In Florida, each city requires that the car insurance minimums are set by statewide mandates. Here's what your policy needs at a minimum:

• N/A for bodily injury liability per person.
• N/A for bodily injury liability per accident.
• $10,000 for property damage liability per accident.
• N/A uninsured motorist bodily injury per person.
• N/A uninsured motorist bodily injury per accident.
• N/A uninsured/Underinsured property damage coverage.
• $10,000 personal injury protection (PIP) per person.
• N/A personal injury protection (PIP) per accident.
• N/A medical payments coverage.
• N/A death liability per person.
• N/A death liability per accident.

For example, if a driver causes an accident, their insurance will cover up to $10,000 in property damage. This ensures basic financial protection for damages.

GEICO offers Cape Coral's cheapest minimum coverage at $45, while Travelers shines for full coverage at $97. No matter your age or credit, you'll find affordable options that fit. Remember, Florida requires your policy to include personal injury protection and property damage liability. Compare to get the best deal without skimping on the must-haves.

This FAQ section offers quick answers to common questions about finding affordable car insurance in Cape Coral. Learn about options like state minimum coverage and discover ways to secure the best deals without feeling overwhelmed.

MoneyGeek conducted an analysis of Cape Coral auto insurance prices using data from the Florida Department of Financial Services and Quadrant Information Services.

Cape Coral Driver Profile

To assess the best and most affordable auto insurance options for Cape Coral residents, MoneyGeek used the following sample driver profile:

• 40-year-old male
• Clean driving history
• 2012 Toyota Camry LE
• 12,000 miles driven per year

By altering variables such as age, driving records and military status, MoneyGeek also found the top insurers for different types of drivers.

Coverage Levels in Cape Coral

In assessing the car insurance quotes for Cape Coral, we gathered data for both minimum and full coverage policies, ensuring each insurer conformed to Florida's mandated liability insurance parameters:

The minimum coverage requirements in Florida are:

• $10,000 for property damage liability per accident.
• $10,000 personal injury protection (PIP) per person

To assess rates for full coverage policies, MoneyGeek upped the coverage amounts to these limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $100,000 property damage liability
• Comprehensive and collision coverage with a deductible of $1,000

MoneyGeek’s Scoring System

MoneyGeek scored insurers on a scale of zero to 100, factoring in customer satisfaction, cost-effectiveness, claims management, coverage options and financial stability.

Insurers received scores as indicated below, with a total possible score of 100 points:

• General customer satisfaction (up to 35 points)
• Affordability (up to 30 points)
• Claims experience (up to 20 points)
• Essential coverages (up to 10 points)
• Financial stability (up to five points)

We adjusted the scoring in certain categories as follows:

• In the best customer service category, affordability was assigned a score of zero, while the scores for customer satisfaction, claims and coverage received an additional 10 possible points each.
• For the best minimum coverage category, the maximum points for satisfaction were reduced to 25, and maximum points for affordability increased to 40.
• We calibrated the affordability scores based on the quoted rates, which varied with the sample driver’s age or driving record.
• We also made qualitative evaluations for instances where certain insurers had coverage options that their competitors did not offer.

MoneyGeek’s Sources

To gauge rates and assess the best service experiences among Florida providers, MoneyGeek utilized six sources:

• Quadrant Information Services provided actual policy quotes in Cape Coral
• J.D. Power's studies and the NAIC index contributed to the assessment of customer service
• Claims experience metrics came from J.D. Power and the CRASH Network’s report card
• AM Best and Demotech offered financial stability insights through their ratings

MoneyGeek gathered 50,284 quotes for the average driver across various ages, driving a Toyota Camry with a clean record, barring specific exceptions. Our study evaluated 14 insurance companies in Cape Coral.

For more details on how these scores were calculated, see MoneyGeek's methodology.