bestauto insuranceTampaCompare the Cheapest Car Insurance Quotes in Tampa, FL
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In Tampa, Florida, GEICO is the overall cheapest auto insurance company and has the lowest state minimum policy, while State Farm is the most affordable with a speeding ticket. For Tampa drivers with a military background, USAA may be best. MoneyGeek rated Esurance as the best company in the city because of its affordability and customer service.
bestauto insuranceTampaThe Cheapest and Best Car Insurance in Tampa
The Cheapest Car Insurance Companies in Tampa
MoneyGeek’s research shows that the following companies offer, on average, the cheapest full coverage auto policies in Tampa:
- GEICO: $1,649 per year
- State Farm: $2,230 per year
For drivers with a military background, USAA is the cheapest company in Tampa; it offers a full coverage policy at an average cost of $987 per year.
In Tampa, GEICO offers the most affordable full coverage policy, which costs an average of $1,424 less than a full coverage policy from Mercury, the most expensive company in the city. A full coverage policy includes comprehensive and collision insurance; however, your rate may change depending on the amount of liability coverage.
Cheapest Car Insurance in Tampa
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$987
- 2.$1,649
- 3.$2,230
- 4.$2,384
- 5.$2,468
For this analysis, MoneyGeek collected average quotes for a 40-year-old male driver with a full coverage policy in Tampa, as defined in the methodology.
A full coverage insurance policy usually costs more than a policy that meets the state’s minimum coverage because it includes comprehensive and collision insurance, which covers the cost of vehicle damage in case of an accident.
- Comprehensive Coverage: It helps you pay for the repair of your vehicle if it’s stolen or damaged in an incident.
- Collision Coverage: It covers the cost of vehicle damage in case of an at-fault accident.
If you have an old car, a full coverage policy may not be the best option for you as you may pay more than the actual value of your car. Instead, you should opt for a state-minimum coverage or liability-only insurance policy to get the cheapest rates.
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Cheapest Car Insurance in Tampa for Minimum Coverage
For the cheapest car insurance policy in Tampa, buying the minimum coverage is the best option for you.
MoneyGeek’s analysis shows that the most affordable companies for minimum coverage auto policies in Tampa are:
- GEICO: $716 per year on average
- Travelers: $1,205 per year on average
For active military or veterans, USAA offers the cheapest state minimum policy at an average annual cost of $438.
In Tampa, the cheapest provider for minimum coverage is GEICO, which costs $970 less than Progressive, with the most expensive policy at an average cost of $1,686 per year.
A minimum coverage policy may be the most affordable; however, it does not include collision and comprehensive coverage. With this policy, you are not fully covered in case of an accident.
Have a look at the table below to see how much more liability coverage costs.
Cheapest Minimum Liability Car Insurance in Tampa
State Minimum
Florida requires drivers to have a state minimum auto insurance policy with at least $10,000 for personal injury protection coverage and $10,000 for property damage liability coverage. That is the cheapest auto insurance option in Tampa; however, you risk having to pay much more of your own money in case of an accident.
For example, if medical bills after an accident are $20,000, this insurance policy would cover up to $10,000. You would have to pay the remaining amount yourself.
Florida Minimum Liability Requirements
- ItemDescription
- 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 Tampa if You Have Driving Violations
Driving violations such as speeding tickets, DUIs and at-fault accidents have a significant impact on the cost of car insurance in Tampa.
Depending on your violation, MoneyGeek found the following cheapest insurance companies in Tampa:
- Cheapest after a ticket: State Farm, $2,413 per year
- Cheapest after an at-fault accident: GEICO, $2,274 per year
- Cheapest after a DUI: State Farm, $2,413 per year
For drivers with a military background, USAA offers the cheapest policies with a speeding ticket, DUI or an at-fault accident on their driving record.
If you have a poor driving record in Tampa, you can get cheaper insurance as your record improves. However, in the meantime, you can shop around to find the best deals on car insurance.
Cheapest Car Insurance in Tampa With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$1,090
- 2.$2,413
- 3.$2,807
- 4.$2,835
- 5.$2,874
Average Cost of Car Insurance in Tampa
Tampa$2,546
Florida$2,208
U.S.$1,424
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.
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.
Compare Car Insurance Rates in Tampa
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Tampa
For drivers in Tampa who want to strike a balance between quality service and affordability, MoneyGeek ranked the best auto insurance companies. The research found the best car insurance companies in Tampa 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 Tampa with MoneyGeek's rating system and is the best choice for eligible military members, veterans and their families.
To calculate the final score out of 100, MoneyGeek considered several factors, including J.D. Power’s user satisfaction, financial stability and affordability.
1
GEICO
Score:80
2
State Farm
Score:62
3
Travelers
Score:57
4
MetLife
Score:56
5
Allstate
Score:52
6
Progressive
Score:30
7
Allied
Score:27
8
Mercury
Score:25
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
- 33647$2,251
- 33615$2,629
- 33614$2,758
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.
About Mark Fitzpatrick
