Best Cheap Car Insurance in Tampa for 2022 | Bankrate

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Best Car Insurance Companies in Tampa

Four providers stood out as being the best car indemnity companies in Tampa, Florida based on median premiums and 2020 J.D. Power Auto Insurance Study rankings. Each supplier offers extra coverage options and has multiple opportunities for drivers to earn savings .

Insurance company J.D. Power Score
(Florida)
Average annual premium for minimum coverage Average annual premium for full coverage
Geico 846 / 1,000 $1,079 $2,597
State Farm 826 / 1,000 $1,247 $2,327
Allstate 851 / 1,000 $1,654 $3,433
Progressive 834 / 1,000 $1,703 $3,218

Geico

Geico provides low-cost coverage to Tampa drivers, with the lowest median rates for minimum coverage, plus a variety of discounts available. There are 16 discounts available that offer savings for multiple types of drivers, including effective students, union and military employees and owners of vehicles with guard equipment.

Geico ranked highly among other providers in Florida, earning the second spot in the 2020 J.D. Power Auto Insurance Study .

State Farm

State Farm comes in as the second gear cheap for basic coverage but has the cheapest average rates in Tampa for full moon coverage. The supplier has a variety of policies available for your vehicle, including lease and rideshare insurance. If you happen to own more high-value vehicles, like sports or classical cars, State Farm has special coverage options to help make premiums more low-cost. The party ’ s discounts range in savings from up to 15 % for completing a defensive force course to improving to 40 % for passive constraint systems installed in vehicles made in 1993 and before. Depending on your qualifications, you could apply these discounts or others to your bounty to help fit your car indemnity budget .

Allstate

Allstate earned first place in the 2020 J.D. Power Auto Insurance Study for the Florida region, with 851 out of 1,000 points. Besides the basic types of coverage required in Tampa, you can besides insure the sound arrangement in your vehicle, add wayside aid or buy an umbrella policy to extend your car policy liability limits. If you are a authoritative cable car collector, Allstate allows you to insure your collector fomite, excessively .

Progressive

Although Progressive lands in the higher crop of rates on average, its premiums are still competitive in the city of Tampa. There are about 80 agents available locally that could help drivers ensure that they have the best possible coverage for their vehicles and situations. According to Progressive, drivers who switch carriers can save an average of $ 750 per year on their insurance premiums. Opt for the Deductible Savings Bank and you may besides get $ 50 deducted every policy period you go without claims or incidents. You could put this extra savings apart in case of a claim where an out-of-pocket deductible is required .

Cheapest Car Insurance in Tampa

tampa drivers broadly pay importantly more for cable car insurance than is average for the submit of Florida. City annual premiums are $ 1,514 for minimal coverage and $ 3,027 for fully coverage, compared to Florida ’ s annual averages of $ 1,101 and $ 2,364 for minimum and full coverage, respectively. Tampa rates besides outweigh national averages of $ 565 per year and $ 1,674 per class for the lapp coverage types. While Tampa ’ s busy roads may be a causal agent for its higher premiums, the following five providers stood out as offering the cheapest car insurance rates on average for drivers in the sphere .

Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
Geico $1,079 $2,597
State Farm $1,247 $2,237
Allstate $1,654 $3,433
Progressive $1,703 $3,218
MetLife $1,827 $3,458

Geico and State Farm offer coverage below city averages for both minimal and full coverage, though your rates may be different depending on a count of personal factors. fortunately, each of the providers named offer a horde of discounts, including ones for safe drivers. Each provider besides has a mobile app where policyholders can submit claims from the convenience of their mobile devices. many factors determine the actual price of your car policy, which is why it ’ south authoritative to shop around before you pick an indemnity company. claim quotes can vary because of your age, driving history, credit score, policy options and limits, among other variables. Although Geico is the cheapest policy company in Tampa according to median rates, you may get a better price quote from a rival based on your unique details .

Tampa Insurance Requirements

Because Florida is a no-fault state, Tampa ’ sulfur insurance requirements are more comprehensive than other parts of the country. When shopping for new coverage, the minimum amounts you will need to legally drive are as follows :

  • Property damage: $10,000 per accident
  • Personal injury protection: $10,000 per accident

The state ’ mho requirements are only guidelines for the minimum measure of coverage for all drivers. You may need higher levels of coverage than good minimal, peculiarly if you are leasing a vehicle or drive a higher-value vehicle. Full coverage indemnity refers to a collection of coverages, often including comprehensive and collision indemnity, that reimburses you or pays for the substitution of your fomite if it ’ south lost or damaged ascribable to a covered personnel casualty. Umbrella policy adds extra coverage beyond the limits of your car policy, in case you are creditworthy for a larger colony or call than what your base policy covers .

Car Insurance Discounts in Tampa

tampa residents have unique needs compared to other Florida drivers. Considering that the monetary value of car indemnity in this city is generally higher than the state ’ second median, finding savings wherever you can is essential. Some discounts Tampa drivers should consider looking for are :

  • Multi-vehicle: The average home in Tampa owns two vehicles. Bundling them into one policy could save you money on your car insurance.
  • Senior driver discounts: Retirees can take advantage of senior driver discounts offered by many auto insurance companies in Tampa.
  • Student discounts: Tampa is home to several colleges including the University of Tampa, University of South Florida and Florida College. College students can usually take advantage of driver discounts on vehicle insurance.
  • Defensive driver discounts: Investing time in an online defensive driving course could have a couple of benefits: you could improve your driving skills to reduce the chances of being in an accident and potentially get a discount on your car insurance.

Frequently Asked Questions

What is the Best Car Insurance Company?

It ’ randomness heavily to name merely one car indemnity provider as the best when there are a handful of quality car insurance companies to choose from. Look for a carrier wave that provides you the best charge of coverage and service for a price that fits your budget. To accomplish this, get quotes from several of the top carriers to compare and decide based on your personal criteria .

How Much Does Car Insurance in Tampa Cost?

The average price of car policy in Tampa is well above the state average of $ 1,101 a year for minimum coverage, and $ 2,364 a class for full coverage. alternatively, Tampa drivers may expect to pay $ 1,514 a year in Tampa for minimum coverage, and $ 3,027 a year for wide indemnity, on modal .

How Much Car Insurance do I Need in Tampa?

Florida is a no-fault state and requires drivers, including those in Tampa, to carry at least $ 10,000 in both personal injury security ( PIP ) and property damage liability ( PDL ). however, most insurance experts recommend purchasing more than minimum coverage limits. Without wide coverage in an accident that exceeds your minimal amounts, you could have a boastfully out-of-pocket expense to recover the damage.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a cleaning force record, good credit rating and the pursuit full coverage limits :

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each express ’ randomness requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample distribution rates and should be used for comparative purposes alone. Your quotes may be different .

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