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Your individual driving profile and requirements influence your quotes. In Tampa, GEICO offers the cheapest minimum coverage and the most affordable insurance for sports cars. State Farm offers the cheapest rates for full coverage, senior drivers, young adults, military members and those with traffic infractions. Nationwide is the cheapest for teens and drivers with bad credit. MoneyGeek also analyzed the best car insurance in Tampa, Florida, for drivers looking for quality service with affordable rates.

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2023

Cheapest Car Insurance in Tampa, FL

Cheapest Minimum Coverage Car Insurance in Tampa

According to MoneyGeek's research, the following companies in Tampa provide the most affordable minimum coverage auto insurance policies:

  • GEICO: $643 per year
  • State Farm: $786 per year

Costing around $2,002 annually, Direct General Insurance has the highest minimum coverage insurance premiums for Tampa drivers.

If you consider the state as a whole, the cheapest car insurance in Florida is from Travelers, costing $658 per year. This difference indicates that your specific location plays a significant role in determining which company offers the best value.

Company
Annual Premium
Monthly Premium

GEICO

$587

$49

GEICO

$643

$54

State Farm

$731

$61

State Farm

$786

$66

GEICO

$839

$70

Nationwide

$887

$74

State Farm

$899

$75

Travelers

$901

$75

Nationwide

$937

$78

Travelers

$945

$79

Mercury

$1,010

$84

Travelers

$1,024

$85

Mercury

$1,065

$89

Nationwide

$1,089

$91

Allstate

$1,172

$98

Allstate

$1,194

$100

Allstate

$1,199

$100

Progressive

$1,364

$114

Mercury

$1,372

$114

Farmers

$1,389

$116

Progressive

$1,392

$116

State Farm

$1,403

$117

Farmers

$1,459

$122

GEICO

$1,499

$125

State Farm

$1,527

$127

Progressive

$1,574

$131

GEICO

$1,622

$135

Farmers

$1,642

$137

Nationwide

$1,794

$150

State Farm

$1,807

$151

Travelers

$1,894

$158

Direct General Insurance

$1,907

$159

Nationwide

$1,925

$160

Travelers

$1,990

$166

Direct General Insurance

$2,002

$167

Mercury

$2,164

$180

Travelers

$2,263

$189

GEICO

$2,277

$190

Nationwide

$2,292

$191

Mercury

$2,295

$191

Progressive

$2,346

$196

Progressive

$2,398

$200

Direct General Insurance

$2,430

$203

Allstate

$2,705

$225

Allstate

$2,726

$227

Farmers

$2,763

$230

Allstate

$2,827

$236

Progressive

$2,834

$236

Farmers

$3,030

$253

Mercury

$3,133

$261

Farmers

$3,472

$289

Direct General Insurance

$3,553

$296

Direct General Insurance

$3,618

$302

Direct General Insurance

$4,693

$391

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Liability coverage minimums vary from state to state. Florida law mandates having personal injury protection (PIP) and property damage liability (PDL):

  • $10,000 property damage liability per accident
  • $10,000 personal injury protection

The state-mandated liability-only insurance covers only property damage suffered by third parties involved in an accident. If you only have minimum insurance coverage, you can expect your Tampa insurance provider to pay up to $10,000 for any property damage you cause to a third party, while any further expenses are paid out-of-pocket.

Cheapest Full Coverage Car Insurance in Tampa

Drivers in Tampa may get full coverage auto insurance from the following providers at the cheapest rates:

  • State Farm: $1,527 per year
  • GEICO: $1,622 per year

With an average yearly cost of $3,618 for full coverage insurance, Direct General Insurance was the most expensive choice for Tampa drivers.

On a statewide basis, Travelers provides the cheapest full coverage insurance in Florida, with annual premiums costing roughly $1,394. This indicates how the cheapest insurer can vary from city to city, even within the same state.

Company
Annual Premium
Monthly Premium

GEICO

$587

$49

GEICO

$643

$54

State Farm

$731

$61

State Farm

$786

$66

GEICO

$839

$70

Nationwide

$887

$74

State Farm

$899

$75

Travelers

$901

$75

Nationwide

$937

$78

Travelers

$945

$79

Mercury

$1,010

$84

Travelers

$1,024

$85

Mercury

$1,065

$89

Nationwide

$1,089

$91

Allstate

$1,172

$98

Allstate

$1,194

$100

Allstate

$1,199

$100

Progressive

$1,364

$114

Mercury

$1,372

$114

Farmers

$1,389

$116

Progressive

$1,392

$116

State Farm

$1,403

$117

Farmers

$1,459

$122

GEICO

$1,499

$125

State Farm

$1,527

$127

Progressive

$1,574

$131

GEICO

$1,622

$135

Farmers

$1,642

$137

Nationwide

$1,794

$150

State Farm

$1,807

$151

Travelers

$1,894

$158

Direct General Insurance

$1,907

$159

Nationwide

$1,925

$160

Travelers

$1,990

$166

Direct General Insurance

$2,002

$167

Mercury

$2,164

$180

Travelers

$2,263

$189

GEICO

$2,277

$190

Nationwide

$2,292

$191

Mercury

$2,295

$191

Progressive

$2,346

$196

Progressive

$2,398

$200

Direct General Insurance

$2,430

$203

Allstate

$2,705

$225

Allstate

$2,726

$227

Farmers

$2,763

$230

Allstate

$2,827

$236

Progressive

$2,834

$236

Farmers

$3,030

$253

Mercury

$3,133

$261

Farmers

$3,472

$289

Direct General Insurance

$3,553

$296

Direct General Insurance

$3,618

$302

Direct General Insurance

$4,693

$391

In addition to higher liability limits, full coverage insurance also provides collision and comprehensive coverage.

  • Collision insurance: This covers damages caused by collisions with another vehicle or a stationary object, regardless of fault. Collision also covers rollover accidents and pothole damage.
  • Comprehensive insurance: This pays for non-collision damages from events such as natural disasters, theft, vandalism and vehicle fires.

For older vehicles, a full coverage policy might not be advisable because you'd pay hundreds more annually for insurance for a vehicle that might not be worth much.

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Cheapest Car Insurance in Tampa After a Driving Offense

State Farm offers the cheapest full coverage auto insurance in Tampa for drivers with the following traffic violations:

  • Speeding ticket: State Farm ($1,730 per year)
  • At-fault accident: State Farm ($1,883 per year)
  • DUI: State Farm ($1,730 per year)

Nationwide quotes the highest rates for DUI drivers ($4,515), while Direct General Insurance has the most expensive policies for drivers with speeding tickets ($3,618) and those with a history of at-fault accidents ($5,049).

Any insurance company may increase your rate if you are involved in a traffic incident.

Company
Annual Premium
Monthly Premium

State Farm

$833

$69

State Farm

$833

$69

State Farm

$897

$75

State Farm

$897

$75

GEICO

$899

$75

State Farm

$911

$76

GEICO

$972

$81

State Farm

$981

$82

State Farm

$1,027

$86

State Farm

$1,027

$86

GEICO

$1,047

$87

Nationwide

$1,074

$90

GEICO

$1,105

$92

State Farm

$1,124

$94

Nationwide

$1,125

$94

GEICO

$1,145

$95

Allstate

$1,172

$98

Allstate

$1,194

$100

GEICO

$1,198

$100

Allstate

$1,199

$100

GEICO

$1,243

$104

GEICO

$1,243

$104

Nationwide

$1,275

$106

Travelers

$1,303

$109

Travelers

$1,312

$109

Travelers

$1,338

$112

Nationwide

$1,341

$112

Travelers

$1,381

$115

Travelers

$1,393

$116

Nationwide

$1,398

$116

Travelers

$1,423

$119

Mercury

$1,454

$121

Farmers

$1,492

$124

Allstate

$1,507

$126

Allstate

$1,513

$126

Allstate

$1,527

$127

GEICO

$1,563

$130

Nationwide

$1,565

$130

Progressive

$1,576

$131

Progressive

$1,586

$132

Farmers

$1,587

$132

State Farm

$1,590

$133

State Farm

$1,590

$133

Travelers

$1,610

$134

Travelers

$1,621

$135

Travelers

$1,647

$137

Mercury

$1,658

$138

State Farm

$1,730

$144

State Farm

$1,730

$144

State Farm

$1,732

$144

Farmers

$1,743

$145

Farmers

$1,749

$146

Mercury

$1,763

$147

Mercury

$1,776

$148

Progressive

$1,790

$149

Progressive

$1,810

$151

Progressive

$1,836

$153

Farmers

$1,863

$155

State Farm

$1,883

$157

Direct General Insurance

$1,907

$159

Farmers

$2,000

$167

Direct General Insurance

$2,002

$167

Progressive

$2,011

$168

Direct General Insurance

$2,022

$168

Allstate

$2,022

$169

Allstate

$2,030

$169

Mercury

$2,044

$170

Allstate

$2,047

$171

State Farm

$2,049

$171

State Farm

$2,049

$171

Direct General Insurance

$2,052

$171

Farmers

$2,065

$172

Mercury

$2,093

$174

Progressive

$2,100

$175

Mercury

$2,127

$177

Progressive

$2,130

$177

Nationwide

$2,138

$178

Nationwide

$2,176

$181

Nationwide

$2,205

$184

State Farm

$2,232

$186

Farmers

$2,301

$192

Nationwide

$2,306

$192

Farmers

$2,321

$193

Progressive

$2,325

$194

GEICO

$2,383

$199

Nationwide

$2,401

$200

Direct General Insurance

$2,430

$203

Mercury

$2,449

$204

Direct General Insurance

$2,455

$205

Mercury

$2,474

$206

GEICO

$2,536

$211

Nationwide

$2,673

$223

Allstate

$2,705

$225

Nationwide

$2,722

$227

Allstate

$2,726

$227

Progressive

$2,762

$230

Progressive

$2,778

$232

Travelers

$2,795

$233

Allstate

$2,827

$236

Direct General Insurance

$2,829

$236

Direct General Insurance

$2,831

$236

Travelers

$2,860

$238

Nationwide

$2,864

$239

GEICO

$2,867

$239

Travelers

$2,927

$244

Travelers

$2,932

$244

GEICO

$2,977

$248

Travelers

$3,000

$250

Farmers

$3,033

$253

GEICO

$3,051

$254

Travelers

$3,070

$256

GEICO

$3,170

$264

Mercury

$3,237

$270

GEICO

$3,255

$271

Progressive

$3,261

$272

Nationwide

$3,271

$273

Farmers

$3,363

$280

Progressive

$3,384

$282

Progressive

$3,410

$284

Travelers

$3,431

$286

Direct General Insurance

$3,462

$288

Farmers

$3,494

$291

Travelers

$3,518

$293

Direct General Insurance

$3,553

$296

GEICO

$3,573

$298

Travelers

$3,589

$299

Direct General Insurance

$3,618

$302

Mercury

$3,677

$306

Allstate

$3,702

$308

Allstate

$3,714

$309

Direct General Insurance

$3,717

$310

Farmers

$3,750

$313

Direct General Insurance

$3,786

$316

Allstate

$3,843

$320

Progressive

$3,870

$323

Farmers

$3,898

$325

Mercury

$3,902

$325

Progressive

$3,949

$329

Progressive

$4,041

$337

Mercury

$4,096

$341

Farmers

$4,212

$351

Farmers

$4,347

$362

Nationwide

$4,350

$363

GEICO

$4,379

$365

Progressive

$4,485

$374

Nationwide

$4,515

$376

Mercury

$4,682

$390

Direct General Insurance

$4,693

$391

Mercury

$4,700

$392

Mercury

$4,787

$399

Direct General Insurance

$4,828

$402

Allstate

$4,925

$410

Allstate

$4,959

$413

Nationwide

$4,990

$416

Farmers

$5,032

$419

Direct General Insurance

$5,049

$421

Farmers

$5,064

$422

Allstate

$5,084

$424

Direct General Insurance

$5,200

$433

Mercury

$5,645

$470

Mercury

$5,794

$483

Direct General Insurance

$6,604

$550

An increase in rate may be warranted depending on the seriousness of a driving offense. Drivers in Tampa who have a DUI can expect to pay roughly $400 more per year in insurance premiums than those who have a speeding ticket. You can still get affordable car insurance with a poor driving history if you shop around and compare quotes.

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MONEYGEEK EXPERT TIP

An at-fault accident can happen to even the safest drivers, but if they have accident forgiveness coverage on their auto policy, they won't see an increase in their rate. This optional coverage is available from many insurers in Florida. It stops your policy's premium from going up after your first at-fault accident. Some companies even award it for safe driving habits, such as Progressive and GEICO. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Cheapest Car Insurance in Tampa for Teens and Their Families

The cheapest car insurance companies for Tampa teenagers added to a family policy are:

  • Nationwide: $3,812 per year for female teens, $4,299 per year for male teens
  • State Farm: $4,384 per year for female teens, $5,385 per year for male teens

Teen girls pay Tampa’s highest rate with Allstate, which charges around $6,127. The costliest for teen boys is Travelers at around $7,030 annually. Even the cheapest provider for teenagers, Nationwide, charges around $487 more per year for teen boys than teen girls. Insuring teen boys is often costlier because insurers view them as riskier drivers. However, the difference fades away as teens age into young adults.

Company
Family Plan Annual Premium
Individual Plan Monthly Premium

Travelers

$2,451

$4,810

GEICO

$2,513

$5,745

State Farm

$2,549

$3,883

Travelers

$2,574

$4,873

State Farm

$2,686

$4,092

GEICO

$2,690

$6,149

State Farm

$2,721

$4,018

Nationwide

$2,749

$5,700

Travelers

$2,772

$5,914

Travelers

$2,778

$5,452

GEICO

$2,789

$7,010

State Farm

$2,791

$4,704

State Farm

$2,840

$4,326

Travelers

$2,847

$5,588

Nationwide

$2,874

$4,759

GEICO

$2,887

$6,600

Nationwide

$2,892

$4,789

Nationwide

$2,895

$4,987

Nationwide

$2,935

$6,678

Travelers

$2,956

$5,594

State Farm

$2,988

$5,108

Nationwide

$3,001

$5,307

Nationwide

$3,034

$5,025

Nationwide

$3,039

$5,234

Travelers

$3,050

$6,631

State Farm

$3,060

$4,519

Travelers

$3,087

$6,425

Travelers

$3,167

$5,995

State Farm

$3,172

$5,355

Nationwide

$3,175

$6,066

Nationwide

$3,245

$5,590

State Farm

$3,280

$4,844

State Farm

$3,285

$5,615

Nationwide

$3,313

$7,948

State Farm

$3,320

$6,302

Nationwide

$3,356

$6,958

GEICO

$3,505

$5,576

Travelers

$3,548

$7,388

State Farm

$3,579

$5,991

Travelers

$3,674

$7,645

Nationwide

$3,677

$9,944

Travelers

$3,681

$8,910

Nationwide

$3,725

$8,474

Nationwide

$3,812

$13,662

Nationwide

$3,812

$13,662

Nationwide

$3,812

$13,662

GEICO

$3,828

$6,091

State Farm

$3,888

$7,132

GEICO

$3,991

$7,127

Allstate

$4,003

$6,488

Allstate

$4,006

$9,196

Progressive

$4,017

$5,213

Allstate

$4,058

$9,605

State Farm

$4,073

$6,818

State Farm

$4,093

$7,743

GEICO

$4,101

$7,825

GEICO

$4,115

$7,602

Allstate

$4,135

$6,569

GEICO

$4,153

$6,607

Allstate

$4,225

$22,113

Travelers

$4,247

$11,219

Nationwide

$4,299

$17,129

Nationwide

$4,299

$17,129

Nationwide

$4,299

$17,129

Travelers

$4,326

$9,009

Travelers

$4,351

$10,785

State Farm

$4,353

$7,986

State Farm

$4,384

$9,011

Allstate

$4,621

$7,488

Progressive

$4,670

$6,061

Allstate

$4,714

$26,233

State Farm

$4,737

$8,869

Allstate

$4,757

$8,913

Allstate

$4,807

$7,637

Allstate

$4,823

$8,312

Progressive

$4,845

$5,512

Progressive

$4,879

$8,440

Allstate

$4,904

$7,947

Progressive

$4,904

$7,597

Progressive

$4,909

$8,091

Farmers

$5,061

$5,861

GEICO

$5,064

$10,714

Progressive

$5,076

$6,587

GEICO

$5,081

$11,025

Allstate

$5,118

$8,130

Allstate

$5,183

$14,542

Travelers

$5,197

$13,859

Allstate

$5,209

$11,956

Progressive

$5,276

$14,074

GEICO

$5,277

$9,748

Farmers

$5,301

$6,302

Progressive

$5,331

$15,025

State Farm

$5,344

$10,005

Allstate

$5,357

$14,601

Travelers

$5,359

$14,156

GEICO

$5,363

$10,233

Farmers

$5,372

$5,418

State Farm

$5,385

$11,370

Progressive

$5,398

$9,338

Progressive

$5,408

$6,152

Farmers

$5,419

$5,465

Farmers

$5,431

$5,272

Progressive

$5,458

$8,997

Farmers

$5,459

$5,628

Farmers

$5,463

$5,510

Progressive

$5,494

$10,077

Progressive

$5,498

$10,753

Travelers

$5,617

$19,139

GEICO

$5,655

$11,724

Farmers

$5,677

$5,511

Progressive

$5,694

$7,712

GEICO

$5,731

$11,337

Progressive

$5,747

$6,538

Farmers

$5,795

$5,992

Allstate

$5,842

$13,826

Farmers

$5,901

$5,729

GEICO

$5,935

$11,741

GEICO

$5,938

$12,162

Progressive

$5,959

$18,050

GEICO

$5,980

$13,030

Progressive

$5,996

$17,339

GEICO

$6,000

$12,438

Allstate

$6,127

$39,996

Progressive

$6,142

$17,312

Progressive

$6,212

$16,571

Farmers

$6,345

$16,586

Allstate

$6,370

$41,688

Farmers

$6,371

$17,360

Allstate

$6,513

$34,087

Travelers

$6,676

$17,804

Farmers

$6,703

$18,263

Farmers

$6,814

$9,222

Farmers

$6,827

$17,846

Allstate

$6,905

$38,427

Travelers

$7,030

$24,580

Farmers

$7,149

$9,652

Farmers

$7,359

$24,530

Farmers

$7,385

$8,779

Farmers

$7,550

$24,771

Farmers

$8,052

$9,324

Adding a young driver to a family policy is more cost-effective than a teen buying their own policy, and if they are under 18, they must have a parent or guardian co-sign their policy. In Tampa, the individual annual insurance cost for a teen boy is around $4,940 higher than adding him to an existing family policy. Families can save money by choosing among the cheapest car insurance options for teens.

Cheapest Car Insurance in Tampa for Military Drivers

The following Tampa insurers offer the most affordable military auto insurance to active-duty and veteran service personnel, as well as their families:

  • State Farm: $1,527 per year
  • GEICO: $1,622 per year

These are prices for full coverage insurance. For minimum coverage, GEICO is the cheapest at $643 per year, followed by State Farm at $786. USAA is also a good option for service members due to its focus on serving drivers with a military background.

Company
Annual Premium
Monthly Premium

GEICO

$587

$49

GEICO

$643

$54

State Farm

$731

$61

State Farm

$786

$66

GEICO

$839

$70

Nationwide

$887

$74

State Farm

$899

$75

Travelers

$901

$75

Nationwide

$937

$78

Travelers

$945

$79

Mercury

$1,010

$84

Travelers

$1,024

$85

Mercury

$1,065

$89

Nationwide

$1,089

$91

Allstate

$1,172

$98

Allstate

$1,194

$100

Allstate

$1,199

$100

Progressive

$1,364

$114

Mercury

$1,372

$114

Farmers

$1,389

$116

Progressive

$1,392

$116

State Farm

$1,403

$117

Farmers

$1,459

$122

GEICO

$1,499

$125

State Farm

$1,527

$127

Progressive

$1,574

$131

GEICO

$1,622

$135

Farmers

$1,642

$137

Nationwide

$1,794

$150

State Farm

$1,807

$151

Travelers

$1,894

$158

Direct General Insurance

$1,907

$159

Nationwide

$1,925

$160

Travelers

$1,990

$166

Direct General Insurance

$2,002

$167

Mercury

$2,164

$180

Travelers

$2,263

$189

GEICO

$2,277

$190

Nationwide

$2,292

$191

Mercury

$2,295

$191

Progressive

$2,346

$196

Progressive

$2,398

$200

Direct General Insurance

$2,430

$203

Allstate

$2,705

$225

Allstate

$2,726

$227

Farmers

$2,763

$230

Allstate

$2,827

$236

Progressive

$2,834

$236

Farmers

$3,030

$253

Mercury

$3,133

$261

Farmers

$3,472

$289

Direct General Insurance

$3,553

$296

Direct General Insurance

$3,618

$302

Direct General Insurance

$4,693

$391

How to Compare Cheap Tampa Car Insurance Quotes Online

Comparison shopping for auto insurance online can take some time. You may be asked for a lot of personal information as part of the application process, and it may take upwards of 15 minutes to get insurance quotes from one company.

By inputting basic information such as your age, vehicle type, required coverage and driving record, MoneyGeek's auto insurance calculator can quickly estimate your auto insurance rates from various providers.

Auto Insurance Calculator

See how the Average Annual Auto Insurance Rates vary with the options chosen.

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Cheapest Car Insurance in Tampa for Young Adults

In Tampa, young adults get the cheapest car insurance from the following companies:

  • State Farm: $1,807 per year
  • Travelers: $2,263 per year

The highest-priced auto insurance option for Tampa's young adults is Direct General Insurance, with an average yearly premium of $4,693 for full coverage.

In comparison, Tampa drivers in their 40s pay about $526 less annually for auto insurance than drivers in their 20s. This is most likely influenced by young drivers having a higher rate of accidents than older drivers.

Company
Annual Premium
Monthly Premium

GEICO

$587

$49

GEICO

$643

$54

State Farm

$731

$61

State Farm

$786

$66

GEICO

$839

$70

Nationwide

$887

$74

State Farm

$899

$75

Travelers

$901

$75

Nationwide

$937

$78

Travelers

$945

$79

Mercury

$1,010

$84

Travelers

$1,024

$85

Mercury

$1,065

$89

Nationwide

$1,089

$91

Allstate

$1,172

$98

Allstate

$1,194

$100

Allstate

$1,199

$100

Progressive

$1,364

$114

Mercury

$1,372

$114

Farmers

$1,389

$116

Progressive

$1,392

$116

State Farm

$1,403

$117

Farmers

$1,459

$122

GEICO

$1,499

$125

State Farm

$1,527

$127

Progressive

$1,574

$131

GEICO

$1,622

$135

Farmers

$1,642

$137

Nationwide

$1,794

$150

State Farm

$1,807

$151

Travelers

$1,894

$158

Direct General Insurance

$1,907

$159

Nationwide

$1,925

$160

Travelers

$1,990

$166

Direct General Insurance

$2,002

$167

Mercury

$2,164

$180

Travelers

$2,263

$189

GEICO

$2,277

$190

Nationwide

$2,292

$191

Mercury

$2,295

$191

Progressive

$2,346

$196

Progressive

$2,398

$200

Direct General Insurance

$2,430

$203

Allstate

$2,705

$225

Allstate

$2,726

$227

Farmers

$2,763

$230

Allstate

$2,827

$236

Progressive

$2,834

$236

Farmers

$3,030

$253

Mercury

$3,133

$261

Farmers

$3,472

$289

Direct General Insurance

$3,553

$296

Direct General Insurance

$3,618

$302

Direct General Insurance

$4,693

$391

Cheapest Car Insurance in Tampa for Seniors

The cheapest auto insurers for senior drivers seeking full coverage policies in Tampa are:

  • State Farm: $1,403 per year
  • GEICO: $1,499 per year

Direct General Insurance ranks as the most expensive insurer in this category, charging around $3,554 annually for senior drivers. When compared to drivers in their 40s, Tampa seniors save an average of $53 per year on auto insurance costs. After age 65, premiums tend to increase, as there’s a significant risk of serious injury during car accidents for drivers in their 70s and 80s.

Company
Annual Premium
Monthly Premium

GEICO

$587

$49

GEICO

$643

$54

State Farm

$731

$61

State Farm

$786

$66

GEICO

$839

$70

Nationwide

$887

$74

State Farm

$899

$75

Travelers

$901

$75

Nationwide

$937

$78

Travelers

$945

$79

Mercury

$1,010

$84

Travelers

$1,024

$85

Mercury

$1,065

$89

Nationwide

$1,089

$91

Allstate

$1,172

$98

Allstate

$1,194

$100

Allstate

$1,199

$100

Progressive

$1,364

$114

Mercury

$1,372

$114

Farmers

$1,389

$116

Progressive

$1,392

$116

State Farm

$1,403

$117

Farmers

$1,459

$122

GEICO

$1,499

$125

State Farm

$1,527

$127

Progressive

$1,574

$131

GEICO

$1,622

$135

Farmers

$1,642

$137

Nationwide

$1,794

$150

State Farm

$1,807

$151

Travelers

$1,894

$158

Direct General Insurance

$1,907

$159

Nationwide

$1,925

$160

Travelers

$1,990

$166

Direct General Insurance

$2,002

$167

Mercury

$2,164

$180

Travelers

$2,263

$189

GEICO

$2,277

$190

Nationwide

$2,292

$191

Mercury

$2,295

$191

Progressive

$2,346

$196

Progressive

$2,398

$200

Direct General Insurance

$2,430

$203

Allstate

$2,705

$225

Allstate

$2,726

$227

Farmers

$2,763

$230

Allstate

$2,827

$236

Progressive

$2,834

$236

Farmers

$3,030

$253

Mercury

$3,133

$261

Farmers

$3,472

$289

Direct General Insurance

$3,553

$296

Direct General Insurance

$3,618

$302

Direct General Insurance

$4,693

$391

Cheapest Car Insurance in Tampa for Poor Credit

The most affordable car insurance rates for those with bad credit come from the following providers in Tampa:

  • Nationwide: $2,660 per year
  • GEICO: $3,325 per year

For Tampa’s drivers with less-than-ideal credit, the annual premium for Allstate car insurance is around $4,963, making it the most costly choice for those needing full coverage. Insurance providers are likely to take your credit score into account when determining your insurance premiums. Drivers in Tampa who have bad credit are likely to spend $1,344 more for auto insurance, around 58% more than those who have good credit.

Company
Annual Premium
Monthly Premium

GEICO

1,224

102

Nationwide

1,227

102

Nationwide

1,300

108

GEICO

1,349

112

Nationwide

1,509

126

Farmers

1,693

141

Mercury

1,700

142

Farmers

1,761

147

GEICO

1,789

149

Mercury

1,806

150

Travelers

1,907

159

Direct General Insurance

1,907

159

Farmers

1,989

166

Direct General Insurance

2,002

167

State Farm

2,019

168

Progressive

2,075

173

Travelers

2,105

175

Progressive

2,145

179

State Farm

2,186

182

Allstate

2,203

184

Travelers

2,216

185

Allstate

2,282

190

Allstate

2,298

192

Mercury

2,299

192

Direct General Insurance

2,430

203

Progressive

2,449

204

Nationwide

2,471

206

State Farm

2,472

206

Nationwide

2,660

222

GEICO

3,079

257

Nationwide

3,175

265

Farmers

3,294

275

GEICO

3,325

277

State Farm

3,380

282

Mercury

3,443

287

Progressive

3,514

293

Direct General Insurance

3,553

296

Farmers

3,584

299

Direct General Insurance

3,618

302

Progressive

3,633

303

State Farm

3,673

306

Mercury

3,678

306

Travelers

3,843

320

Travelers

4,121

343

Farmers

4,123

344

State Farm

4,311

359

Progressive

4,313

359

Travelers

4,595

383

Direct General Insurance

4,693

391

GEICO

4,769

397

Allstate

4,869

406

Allstate

4,963

414

Mercury

4,973

414

Allstate

5,105

425

Insurance companies believe that drivers with bad credit file more claims, which results in higher premiums. That said, you can still find relatively affordable car insurance with poor credit.

Researching common discounts, bundling policies and comparing quotes from several insurers are all good ways to cut down on insurance prices. Your rates may also go down if you work on raising your credit score over time.

Cheapest Car Insurance in Tampa for Sports Cars

For Tampa's cheapest car insurance for sports cars, the following providers offer the lowest rates for full coverage policies:

  • GEICO: $1,606 per year
  • State Farm: $1,686 per year

Progressive has the highest average annual premium for sports cars in the city at $2,611. Because of the higher expense of servicing and repairing sports cars, insurance for these vehicles is typically more expensive than for other types of cars. There are, however, regional differences. In Tampa, for example, insurance rates for sports cars are about $167 or 7% less expensive than those for a Toyota Camry.

Company
Annual Premium
Monthly Premium

GEICO

$478

$40

GEICO

$522

$44

GEICO

$677

$56

Travelers

$709

$59

State Farm

$726

$61

Travelers

$727

$61

State Farm

$780

$65

Travelers

$797

$66

State Farm

$899

$75

Nationwide

$934

$78

Allstate

$967

$81

Allstate

$977

$81

Allstate

$986

$82

Nationwide

$989

$82

Nationwide

$1,149

$96

Progressive

$1,219

$102

Farmers

$1,249

$104

Progressive

$1,305

$109

Farmers

$1,338

$112

GEICO

$1,463

$122

Progressive

$1,485

$124

Farmers

$1,509

$126

State Farm

$1,544

$129

GEICO

$1,606

$134

Travelers

$1,647

$137

State Farm

$1,686

$140

Travelers

$1,724

$144

Travelers

$1,983

$165

Nationwide

$1,998

$167

State Farm

$2,016

$168

Nationwide

$2,146

$179

GEICO

$2,217

$185

Progressive

$2,347

$196

Allstate

$2,464

$205

Allstate

$2,495

$208

Nationwide

$2,565

$214

Progressive

$2,611

$218

Allstate

$2,628

$219

Farmers

$2,791

$233

Farmers

$3,065

$255

Progressive

$3,143

$262

Farmers

$3,565

$297

MoneyGeek used a Ford Mustang as our example sports car. Understand that insurance premiums can vary by model and are typically higher for luxury models, electric vehicles and sports cars. While Tampa’s average sports car insurance cost is less than that of standard car insurance, this is an outlier and not typical of sports car insurance premiums in other cities.

Average Cost of Car Insurance in Tampa

Insurance premiums vary based on location and many other factors. The average annual full coverage auto insurance rate in Tampa is $2,318, covering property damage liability of $100,000 plus bodily injury liability of $100,000 per person and $300,000 per accident. This is $383 more than Florida’s average cost of car insurance and $1,053 more than the national average car insurance premium.

City
Full Coverage Average Annual Premium
Minimum Coverage Average Annual Premium

Gainesville

$1,367

$661

Tallahassee

$1,427

$670

Cape Coral

$1,496

$744

Palm Bay

$1,551

$769

Lehigh Acres

$1,596

$802

Lakeland

$1,636

$800

Port St. Lucie

$1,647

$832

Jacksonville

$1,736

$833

Spring Hill

$1,751

$857

Orlando

$1,767

$889

Clearwater

$1,848

$897

St. Petersburg

$1,952

$942

Pembroke Pines

$2,035

$977

Davie

$2,071

$996

Miramar

$2,083

$1,015

Fort Lauderdale

$2,104

$1,003

Coral Springs

$2,141

$1,056

Brandon

$2,154

$1,053

Pompano Beach

$2,182

$1,060

Hollywood

$2,211

$1,058

Tampa

$2,318

$1,150

Miami Gardens

$2,323

$1,143

West Palm Beach

$2,327

$1,155

Miami

$2,368

$1,188

Hialeah

$2,579

$1,378

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.