Clearwater's average annual car insurance rate of $2,091 is lower than the Florida average of $2,208. GEICO is the cheapest widely available provider with an average rate of $1,596 yearly. MoneyGeek's analyzed Clearwater insurance companies based on coverage level and driver profile. MoneyGeek rated the best car insurance companies in Clearwater to help you find an insurer providing a good balance of affordability and quality service.
Compare the Cheapest Car Insurance Quotes in Clearwater
The Cheapest and Best Car Insurance in Clearwater
The Cheapest Car Insurance Companies in Clearwater
For a full coverage car insurance policy in Clearwater, the following two companies are the cheapest on average:
- USAA: $962 per year (only serving current and former military members and their families)
- GEICO: $1,596 per year
Affordability matters while looking for the best car insurance. USAA is the cheapest insurance provider in Clearwater, but it is only available to military members and their families. GEICO is the cheapest widely available insurer for Clearwater, while Progressive is the most expensive and costs roughly 68.5% more than GEICO for a similar policy.
MoneyGeek calculated the rates for a full coverage policy for a 40-year-old male driver. The policy comes with liability-only coverage for bodily injuries and damages to others or their property, as well as comprehensive and collision coverage for your injuries and vehicle damage.
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Average Cost of Car Insurance in Clearwater
Clearwater's average car insurance rate is lower than the state average and higher than the national average. The average cost of auto insurance in Clearwater is $2,091 per year. This is 5.3% less than Florida's state average for a similar policy, which is $2,208 per year. On the other hand, the rate is 46.8% more than the national annual average of $1,424.
The Best Car Insurance Companies in Clearwater
MoneyGeek used a unique ranking system to evaluate and rate the car insurance companies in Clearwater. According to MoneyGeek, the two best car insurance companies in Clearwater balancing affordability and quality service are:
- Esurance: 95 out of 100
- GEICO: 85 out of 100
USAA received a total of 100 points and was rated the best insurer in Clearwater. However, the company only offers insurance to current and retired military personnel as well as their families.
MoneyGeek rated auto insurance companies based on factors, such as J.D. Power's consumer satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Clearwater
Factors such as age, gender, location, driving record, credit score and more affect car insurance rates in Clearwater. Getting a personalized quote from multiple companies will help you find the best rate.
You can get the best car insurance rates in Clearwater if you compare car insurance quotes from different companies on a regular basis. This can also help you find whether you are eligible for any deals offered by the companies.
Shopping around for car insurance in Clearwater could save you $495, which is enough to buy:
Cheapest Car Insurance in Clearwater by Coverage Amount
The amount of coverage you purchase has a significant impact on the cost of insurance, regardless of where you're located. A car insurance policy in Clearwater that meets the state minimum requirements costs an average of $1,054 per year. A full coverage policy with higher liability limits costs an additional $1,036 per year or $2,091 on average.
Florida Minimum Liability Requirements
- Property Damage$10,000 for property damage. A more protective level is 100/300/100.
- Personal Injury Protection$10,000 per person.
When looking for an affordable car insurance policy in Clearwater, you should evaluate if the coverage meets your needs. GEICO offers the most affordable widely available state-minimum liability-only policy for $698 annually on average. Upping your limits to 50/100/50 costs roughly $308 more.
Clearwater drivers can get a 50/100/50 full coverage policy from GEICO for roughly $1,400 per year or up their limits to 100/300/100 for about $1,611 annually.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Clearwater if You Have Driving Violations
Car insurance companies in Clearwater offer lower rates if you have a clean driving record. You’ll likely pay higher auto insurance premiums if you have one or more traffic violations, such as speeding, an at-fault accident or a DUI (driving under the influence).
A State Farm car insurance policy costs an average of $1,611 per year for a driver with a clean driving record. However, if you have a speeding ticket or a DUI, you might pay $126 more on average for the same policy. Additionally, State Farm may charge you $253 more per year on average for a similar policy if you have an at-fault accident on your record.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
One of the factors that affect the cost of auto insurance in Florida is your ZIP code. Risk factors such as car thefts, accidents and claims history can vary by postal code. You’ll pay more if you live in a riskier location.
MoneyGeek compared two ZIP codes from Clearwater. The analysis found that residents of ZIP code 33756 will pay an average of $2,088 for auto insurance per year, which is only $6 less than what the residents of ZIP code 33755 pay on average.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Clearwater
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 Clearwater. How Clearwater ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Clearwater 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
- Kaiser Family Foundation. "2019 Employer Health Benefits Survey." Accessed January 16, 2020.