Cheapest car insurance companies in Tampa
According to a study by Insurance.com, the cheapest car insurance companies in Tampa for 2023 are State Farm and Nationwide.
State Farm has the cheapest car insurance rates in Tampa at an average cost of $2,745 per year.
In Tampa, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrierAn insurance carrier is the company that provides your car insurance policy and pays claims.. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates.
| Companies | Average annual rates |
|---|---|
| State Farm | $2,745 |
| Nationwide | $2,841 |
| Geico | $2,889 |
| Travelers | $2,891 |
| Progressive | $3,650 |
| United Automobile Insurance | $3,742 |
| National General Insurance | $3,906 |
| Mercury Insurance | $3,924 |
Cheapest car insurance cost in Tampa by Age Group
State Farm offers the cheapest full coverage car insurance for teenage drivers in Tampa, with an average annual cost of $7,309 per year. Insurance companies deem teenagers as "high-risk" drivers due to their inexperience and statistically higher accident rates. This elevated risk profile translates to significantly higher car insurance costs for young drivers compared to their older counterparts.
Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance.
When compared to other car insurance companies, Nationwide turned out to be the cheapest car insurance company for young drivers in Tampa, offering full coverage at an annual average cost of $3,879.
An analysis of car insurance rates for Tampa drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. State Farm offers the cheapest full-coverage car insurance rates at $2,746 per year.
With an average annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $2,628, Geico offers Tampa's senior drivers the cheapest car insurance premiums, ensuring financial security and peace of mind behind the wheel.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Allstate | N/A | N/A | $5,037 | N/A |
| Mercury Insurance | N/A | $5,468 | $4,001 | $3,706 |
| State Farm | $7,309 | $4,353 | $2,746 | $2,673 |
| Geico | $7,846 | $4,863 | $2,942 | $2,628 |
| Nationwide | $9,040 | $3,879 | $2,783 | $2,879 |
| Progressive | $9,565 | $5,340 | $3,544 | $3,484 |
| United Automobile Insurance | $9,676 | $5,464 | $3,825 | $3,654 |
| Travelers | $9,765 | $4,466 | $2,915 | $2,899 |
| National General Insurance | $10,583 | $6,056 | $4,028 | $3,994 |
Cheapest car insurance companies in Tampa by driver profile
Your driving profile plays an important role in determining your car insurance rates in Tampa. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.
When it comes to finding the cheapest car insurance rates in Tampa, make sure you compare insurance quotes from various insurers. By comparing rates from multiple providers, you can get the coverage you need while saving money.
Here's a list of car insurance companies that offer cheap insurance rates in Tampa based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
Geico is the cheapest car insurance option for drivers with poor credit. Its average annual auto insurance cost for Tampa drivers is $3,595.
Drivers with poor or bad credit scores in Tampa can consider the following car insurance companies to get the affordable car insurance coverage.
| Company | Average annual rates |
|---|---|
| Geico | $3,595 |
| State Farm | $4,316 |
| Nationwide | $4,509 |
| Travelers | $5,550 |
| Progressive | $6,096 |
| Allstate | $6,943 |
| Farmers | $8,098 |
Cheapest for drivers with a speeding ticket: State Farm
State Farm offers the cheapest auto insurance rates for drivers with a speeding ticket in Tampa. It provides full coverage car insurance for drivers aged 30 at about $2,509 per year.
Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors.
Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price.
| Company | Average annual premium |
|---|---|
| State Farm | $2,509 |
| Geico | $3,207 |
| Allstate | $3,834 |
| Travelers | $3,993 |
| Nationwide | $4,393 |
| Progressive | $5,366 |
| Farmers | $6,611 |
Cheapest auto insurance after an at-fault accident: State Farm
Looking for affordable car insurance rates after an at-fault accident? It can be a challenge, but with comparison shopping, you might find a policy that suits your budget.
Drivers in Tampa with at-fault accidents on their driving records can find the cheapest car insurance rates with State Farm. Its full coverage policy costs an average of $2,687 annually.
| Company | Average annual rates |
|---|---|
| State Farm | $2,687 |
| Geico | $2,950 |
| Travelers | $3,987 |
| Nationwide | $4,392 |
| Allstate | $6,154 |
| Progressive | $6,448 |
| Farmers | $8,169 |
Cheapest auto insurance after a DUI: State Farm
In Tampa, State Farm has the cheapest car insurance rates for individuals with DUI on their record. The company provides a full coverage policy at an average cost of $2,509 a year.
Drivers convicted of a DUI offense face substantial increases in their car insurance rates. To get affordable premiums, you should compare quotes from different insurance carriers.
| Company | Average annual rates |
|---|---|
| State Farm | $2,509 |
| Geico | $4,579 |
| Travelers | $5,138 |
| Progressive | $5,269 |
| Allstate | $5,634 |
| Farmers | $6,123 |
| Nationwide | $7,324 |
Average car insurance cost in Tampa
In Tampa, the average annual cost for full coverage car insurance is around $3,131, which breaks down to approximately $261 per month. These rates are based on coverage levels of 100/300/100. On the other hand, the average yearly rate for state minimum coverage in Tampa is about $1,192.
Full coverage insurance costs more than the state minimum, but it provides comprehensive coverage for your car and coverage for other driver’s vehicle. To reduce your premium, you might want to compare quotes from various insurance companies.
| Average annual Rates | State minimum average |
|---|---|
| $3,131 | $1,192 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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