The residential neighborhood you live in is one of the key factors considered by auto insurance providers to calculate average car insurance rates in Tampa. To benefit from the best car insurance in Tampa, you should acquire a personalized quote based on your personal needs.
Compare the Cheapest Car Insurance Quotes in Tampa, FL
- The Best Cheap Car Insurance in Tampa
Average Cost of Car Insurance in Tampa
Annual car insurance costs are quite expensive in Tampa. The average yearly rate is $2,546, which is about 15.3% more than the Florida average, and around 78.8% higher than the U.S. average.
The Best Cheap Car Insurance Companies in Tampa
USAA has the lowest premiums in Tampa, but they serve only military members and their families. The next most affordable car insurance firm in Tampa is GEICO. Coverage with GEICO is around 86.4% less expensive than Mercury, Tampa’s costliest auto insurance provider.
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Personalized Quotes to Get You the Cheapest Car Insurance in Tampa
Car insurance providers consider a wide array of elements to decide car insurance quotes and to analyze the risk factors associated with each driver. These aspects include your gender and age, car make and model, insurance coverage level and more.
In Tampa, GEICO’s coverage for an 18-year-old driver is more than twice as expensive as its policy for a 40-year-old driver. Therefore, it’s an intelligent move to get tailored quotes regularly to find affordable coverage that takes into consideration your changing circumstances.
Cheapest Car Insurance in Tampa by Coverage Amount
How much car insurance coverage you purchase in Tampa also affects how much your policy will cost. Coverage includes required liability coverage and optional items like collision, comprehensive, and deductibles.
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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.
GEICO offers both 50/100/50 liability-only and full-coverage policies in Tampa. To explain the 50/100/50 limit, the policy will cover $50,000 in medical bills per person, totaling $100,000 per vehicle, as well as $50,000 worth of property damage repair. GEICO’s full-coverage package is an average of $399 more than its liability-only policy, but the extra cost is worth it considering that full coverage means your own costs are covered as well.
Average Car Insurance Premiums by Coverage Type
- CompanyState Minimumper year50 / 100 / 50per year
- 4. Travelers$1,205$1,807
- Company50 / 100 / 50per year100 / 300 / 100per year
- 4. Travelers$2,161$2,468
Cheapest Car Insurance in Tampa if You Have Tickets
Being a safe driver also benefits your insurance premium. Moving violations on your driving record will hike up the cost of your auto insurance. Consider GEICO’s example in Tampa. Their policyholders with a speeding ticket on their record will need to pay an average of $1,225 more per year for their coverage compared to drivers with a clean record, while drivers with a DUI will pay an average of $1,946 more.
Average Cost of Car Insurance by Postal Code
Localities that experience higher rates of accidents, car thefts and uninsured drivers are more expensive in terms of auto insurance premiums. In Tampa, residents of the 33647 ZIP code will pay an average of $508 less in yearly insurance premiums compared to people who live in ZIP code 33614.
- Zip CodeState Minimumper year
Top Agents Offering Affordable Car Insurance in Tampa
Factors That Impact Insurance Costs in Tampa
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 Tampa. How Tampa ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Shopping around for car insurance in Tampa could save you $897, which is enough to buy:
Methodology and Assumptions
MoneyGeek’s average premium rates for Tampa 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.
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